If you know how to handle money

Updated on: Monday, November 16, 2009

Both MBA in Finance and Master of Finance Control (MFC) are suitable options for those who aspire to make a career in finance. But one should always ensure the quality of education, reputation of the institution and placement assistance before taking admission.

The Indian Institutes of Management (IIMs) are the top institutions offering postgraduate programmes in management. The IIM-CAT is held every year to admit students to the postgraduate and fellow programmes in management. Those who have a Bachelor's degree of three-year duration with at least 50 per cent marks are eligible to appear for CAT.

IIM-CAT score is valid for one year. Performance in CAT is an important factor in the admission process under which candidates are shortlisted for group discussion and personal interview.

For more details visit the websites IIM-Ahmedabad ( www.iimahd.ernet.in); IIM-Bangalore ( www.iimb.ernet.in);IIM-Calcutta ( www.iimcal.ac.in); IIM-Indore ( www.iimidr.ac.in); IIM-Kozhikode ( www.iimk.ac.in); IIM-Lucknow ( www.iiml.ac.in) and RGIIM-Shillong ( www.rgiim.ac.in).

Almost all business schools offer postgraduate programmes in management or MBA with various specialisations including Finance. The students are encouraged to specialise in two areas. The core course comprises finance, control and accounting, quantitative methods and operations management, general management, marketing, IT and systems, strategy, organisational behaviour and human resource management and economics.

Some of the top B-schools in the private sector in the country include Xavier Labour Relations Institute (XLRI), Jamshedpur; SP Jain Institute of Management, Mumbai; Xavier Institute of Management, Bhubaneshwar; Narsee Monjee Institute of Management Studies (NMIMS University), Mumbai; Symbiosis Institute of Management, Pune; Management Development Institute (MDI), Gurgoan and K.J. Somaiyya Institute of Management, Mumbai.

In the south, the top institutes include Bharathidasan Institute of Management (BIM), Tiruchirappalli and National Institute of Technology, Tiruchirappalli, which offer two-year fulltime MBA programmes to meritorious graduates.

Faculty of Management Studies (FMS) under the University of Delhi is another reputed centre which offers two-year fulltime MBA programmes. Graduates are eligible for admission. For more details, log on to www.fms.edu

XLRI Jamshedpur ( www.xlri.edu) offers two-year postgraduate programmes in business management, personnel management and industrial relations for meritorious graduates in any discipline. Xavier Institute of Management, Bhubhaneshwar ( www.ximb.ac.in), conducts a two-year fulltime postgraduate diploma course in management for graduates in any discipline. NMIMS University's School of Business Management offers MBA ( www.nmims.edu).

K.J. Somaiyya Institute of Management Studies and Research, Mumbai (http://simsr.somaiya.edu), offers PG diploma in management.

At IITs

The Indian Institutes of Technology (IITs) are also among the premier institutes that offer management education of good quality. S.J. Mehta School of Management of IIT Bombay and Vinod Gupta School of Management of IIT Kharagpur are top B-schools. S.J. Mehta School of Management, IIT Bombay, offers a Master of Management (M.Mgt) course. First class B.E. or B.Tech. holders or M.Sc. holders with at least 60 per cent marks are eligible for admission.

Vinod Gupta School of Management offers an MBA programme. First class B.E. or B.Tech. holders in any branch; first-class Master's degree holders in science (should have studied mathematics or statistics at the Bachelor's degree level); or first-class Master's degree holders in economics or commerce (should have studied mathematics or statistics at the Bachelor's degree level) are eligible for admission.

The Department of Management Studies, IIT Delhi, offers Master of Business Administration (MBA) with focus on management systems and telecommunication systems management.

Department of Management Studies at IIT Madras and the Department of Management Studies at IIT Roorkee also offer MBA programmes.

MFC

The Master of Finance and Control (MFC) programme seeks to equip students with conceptual and analytical skills for financial decision-making. Department of Financial Studies of the University of Delhi South Campus, which offers MFC, has updated its curriculum and included new courses such as derivatives and risk management, treasury management, real estate investment management, insurance management, mutual funds management and equity research.

Delhi University offers a two-year course. Graduates in any discipline with at least 50 per cent marks are eligible ( www.mfc.edu).

Madura Kamaraj University, Palkalai Nagar, Madurai-625021; Punjabi University, Patiala-147002; Punjab University, Chandigrah-160014, University of Lucknow, Lucknow-226007; Kurukshetra University, Kurukshetra-136119, Haryana, are some of the universities that offer MFC courses.

If you know how to handle money

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