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Distance MBA in Finance Management Eligibility & Duration
The eligibility criteria set for this flexible MBA major are quite simple. A few of the mandatory requirements for this program at most universities include:
- Graduation from a recognized university
- A minimum of 50% marks in the bachelor’s
- Graduates from any discipline can apply but those from management or finance discipline will be preferred
- There is no upper age limit set for this program
Duration: A distance MBA in finance management has the same duration of 2 years as that of a regular MBA program. This is one of the important factors that you must consider before choosing a valid distance MBA program. However, you might encounter some government-authorized universities that offer the same program under different names for a period shorter than 2 years.
Other Types of MBAs also Available
Skills Required for Distance MBA in Finance Management
Obtaining a distance MBA in finance management requires a broad range of abilities to navigate the complex world of financial strategies, investment decisions, and business financial management. The following abilities are necessary for you to succeed in this program:
- You need to be able to analyze financial data, interpret trends, and draw actionable findings to make wise business decisions.
- Proficiency in numerical computation and analysis, including financial modeling, statistical modeling, and planning.
- Facilitating the use of financial information in written reports, speeches, and interpersonal interactions.
- Putting together a strategic plan to guarantee the company's success and that financial objectives line up with overarching corporate objectives.
- Using critical thinking, one can examine financial issues, identify potential solutions, and create long-term solutions.
- Taking great care while handling the financial data to guarantee the accuracy of the reports, research, and choices.
- Learn how to make wise choices based on financial data, risk assessments, and business requirements.
- Addressing complex financial matters and giving insightful responses in hectic work environments.
- Gaining leadership and management skills will enable one to oversee financial teams, create financial plans, and head organizational change.
MBA Entrance Exams 2023
Here is a list of some of the most common entrance exams whose scores are considered by universities while offering admission to MBA programs in India:
| CAT (Common Admission Test) | GMAT (Graduate Management Admission Test) |
| CMAT (Common Management Admission Test) | MAT (Management Aptitude Test) |
| KMAT (Karnataka Management Aptitude Test) | ATMA (AIMS Test for Management Admission) |
| NMAT (NMIMS Management Aptitude Test) | MAH CET (Maharashtra Common Entrance Test) |
| TANCET (Tamil Nadu Common Entrance Test) | SNAP (Symbiosis National Aptitude Test) |
| PGCET (Postgraduate Common Entrance Test) | XAT (Xavier Aptitude Test) |
Note: For a distance MBA program, you do not have to clear any entrance exam.
Recommended Books:
Here is a list of some reference books that you can study to strengthen your knowledge of financial management in addition to the course curriculum of a distance MBA in finance.
| Book Title | Author |
| A Random Walk Down Wall Street | Burton G. Malkiel |
| Security Analysis | Benjamin Graham, David Dodd |
| Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports | Howard M. Schilit |
| Valuation: Measuring and Managing the Value of Companies | McKinsey & Company Inc., Tom Copeland, Tim Koller |
| Behavioral Corporate Finance | Hersh Shefrin |
| Financial Modeling in Excel For Dummies | Danielle Stein Fairhurst |
| Corporate Finance | Stephen A. Ross, Randolph W. Westerfield, Jeffrey Jaffe |
| Options, Futures, and Other Derivatives | John C. Hull |
| The Essays of Warren Buffett: Lessons for Corporate America | Warren E. Buffett, Lawrence A. Cunningham |
| Principles of Corporate Finance | Richard A. Brealey, Stewart C. Myers, Franklin Allen |
| Financial Statement Analysis and Security Valuation | Stephen H. Penman |
| Financial Management: Theory & Practice | Eugene F. Brigham, Michael C. Ehrhardt |
| The Handbook of Corporate Finance: A Business Companion to Financial Markets, Decisions & Techniques | Glen Arnold |
| The Handbook of Fixed Income Securities | Frank J. Fabozzi |
| The Intelligent Investor | Benjamin Graham |
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FAQ's
Let's clear up some doubts
Yes, as per UGC guidelines, a distance MBA in finance management is equivalent to the one obtained through on-campus mode.
You can complete a distance MBA in finance in a minimum of 2 years, however, some universities offering this mode of MBA offer a maximum limit of 4 years to complete it.
No, for a distance MBA specialization in finance, maths is not compulsory. However, having studied it at graduation or 12th level will make you easily understand the curriculum of this course.
Yes, as the degree of distance MBA in finance is UGC recognized, it will help you build your career abroad.
In India, the average starting salary after a distance MBA in finance is 4 LPA which increases with time as the professional gains relevant experience and skills in the field.
In general, most of the private universities offer a distance MBA in the specialization of finance management without any entrance exams but if you want to do it from a government institution, you might need to crack their specific entrance exams or CAT for admission.
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