MBA Finance VS MBA Marketing:- Which is a better career option?

MBA in Finance or MBA in Marketing
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By Whizstorm 2020-02-11

MBA Finance VS MBA Marketing:- Which is a better career option?

 

Both the programs include core business courses, where MBA finance offers courses in marketing, MBA marketing offers courses in finance. However, they have major significant differences in the overall study program and career prospects. Through this article, we will discuss the subjects studied, courses offered and the salaries paid to the degree holders of these courses. Let’s make it easy for you to choose a better career option.

 

Eligibility:-

The eligibility criteria are the same for both the programs. For MBA in any course, preference is given to the one who has a bachelor’s degree, and some courses require the applicants to have studied a related course like (BBA) Bachelors in Business Administration or (BBM) Bachelors in Business Management, etc. However, there are no particular educational qualifications required to pursue an MBA. Students from any stream are allowed to study an MBA after under-graduation. The knowledge and skills you attain during the two-year specialization MBA course will decide how you perform in your desired field.

 

 Skills:-

Finance:

· Commerce background preferred

· Analytical skills

· Stock-market awareness

· Expert in MS excel and Tally

· Detailed researcher

· Problem-solving approach

· Data and stats based approach

 

Marketing:

· Critical Thinking

· Understanding of target customers

· Ability to conduct a SWOT analysis

· Exceptional communication skills

· Knowledge of Marketing strategies

· Approach towards selling

· Updated with technology

· Great learning ability

 

Subjects studied:-

Finance

· Corporate Finance

· Security Analysis & Portfolio Management

· Insurance Management

· Business Accounting

· Derivatives Management

· International Business

 

Marketing:

· Brand Management

· Customer Relationship Management

· Digital Marketing

· Retail Management

· Consumer Behavior

· International Marketing

· Marketing Research

 

 

 Career options:-

Finance:

· Accountant

· Investment Banker

· Financial Analyst

· Stock Broker

· Tax Planner

· Estate Planner

· Chief Financial Officer

 

Marketing:

· Sales Associate

· Product Manager

· Corporate Sales Head

· Advertising Executive

· Business Development Director

· Chief Marketing Officer

· Customer Relationship

· Digital Marketing Head

· Market Research Analyst

 

 

 

è Work culture:-

Finance:

· Profitability oriented

· Risk Oriented

· Facts and Reasoning based

· Involves Financial bearing

 

Marketing:

· Innovative content Oriented

· Zeal for selling

· Creative work

· Positive and Enthusiastic

· Sustain status and reputation

 

 

 

è Salary:-

Finance:

· Fresher :- Around Rs.350,000/- p.a

· Exp. 4-8 yrs:-Around Rs.750,000/- p.a

· Exp.10-20yrs:-Around Rs 13,50,000/- p.a

· Above 20yrs:- Rs.27,00,000 to Rs.30,00,000/- p.a

 

Marketing:

· Fresher :-Around Rs.350,000/- p.a

· Exp. 4-8 yrs:-Around Rs 700,000/- p.a

· Exp.10-20 yrs and more:-Around Rs 14,00,000/- p.a

· Above 20 years:- Rs.28,00,000 to Rs.30,00,000/- p.a

 

We hope this information helps you make the right decision on the type of course. However, your personality, interest, dedication for a particular subject and future career goals should be the key factors to be considered before choosing the specialization. We suggest, that you compare and analyze all criteria involved in studying an MBA before you start applying to universities.

 

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