• By admin
• In Career & Self-Help,
• Posted September 21, 2023

MBA in Finance or MBA Marketing

MBA in Finance is a specialized course specializing in finance accounting and business management studies and The coursework offers equal importance to accounting and business administration study that provides knowledge on managing funds, requiring, and corporate funding.
MBA Marketing course is a specialized study on marketing management and operations and business management and administration studies and The marketing management course educates students on various marketing and customer management techniques essential for revenue generation.

MBA Finance or MBA Marketing:

Benefits of MBA Finance or Marketing 

Since MBA in Finance and MBA in Marketing are popular MBA specializations in India, students always wonder which is better than the other and Some students can understand the answer to this question by having basic knowledge about the benefits of the course also it will help students have a successful career. 
Furthermore, both MBA courses have equal reputations and importance in today's job market and are entitled to massive job opportunities in India and abroad also let us understand some of the benefits of pursuing both courses in depth. 

Benefits of Pursuing an MBA in Finance

MBA in Finance is one of the most opted and reputed management specializations in the country also The MBA in finance degree helps aspirants understand business administration and management from a financial and accounts perspective. An organization's success depends on the financial success and management of resources, which is the primary concern for financial management graduates. Apart from finance administration, the MBA in Finance course also trains the graduates in basic managerial topics like human resources, business ethics, etc., that offer broader job scopes. 

• Graduates can venture into any domain as Finance is an important sector for any organization and The importance of financial management has always produced a substantial demand for graduates in the job market.
• Apart from the pure finance and accounting side and graduates can also opt for business development and business administration roles in the public and private sectors.
• An MBA degree attracts more lucrative pay scales from top organizations and considering the importance of financial management also the pay grade will be generally higher than other specializations.

Benefits of Pursuing an MBA in Marketing

Like the finance management course, MBA in Marketing is also one of India's most opted MBA specializations and MBAs in marketing have a vast job scope, and the recent development of digital marketing has contributed more towards the cause. 
The marketing management course offers an extensive study of various marketing and sales techniques, a major revenue-generating department for any organization and More than Finance, marketing is a tricky and challenging domain that offers lucrative pay scales in established organizations. 

• Graduates play a vital role in leading all organizations that focus on sales and customer management also The importance of marketing in sales graduates is bound to receive several job opportunities across various industries and domains. 
• The demand for a quality marketing person is always in demand in the declining market and Proper marketing personnel is essential for the success of an organization.
• The pay grade for marketing professionals is generally higher, depending on the sector they're employed in and the company's reputation in the market.

Scope in Finance and Marketing  

	MBA in Finance	MBA in Marketing
Employment Areas	Finance, Accounting, Business administration, Business Analysis, Business Development, Financial Consultation, Project Management, etc.	Digital Marketing, Social Media Marketing, Business Management, Sales, Logistics, Social Media Marketing, Content Marketing, Project Management, etc.
Job Designations	Finance Manager, Business Analyst, Financial Consultant, Investment Banking Associate, Financial Risk Manager, Business Development Manager, Accountant, etc.	Some designations are Marketing Manager, Marketing Executive, Regional Sales Manager, Business Development Associate, Social Media Manager, Digital Marketing Manager, etc.
Top Companies	KPMG, Amazon, Deloitte, Ernst and Young, Flipkart, Goldman Sachs, JP Morgan, Chase, etc.	Some companies are Amazon, Facebook, SnapDeal, Myntra, Hindustan Unilever, Sun Pharma, etc.

 

MBA Finance vs. Marketing - Salary

Salary after MBA Finance

Job Role	Average Payscale
Financial Analyst	INR 5.18 LPA
Finance Manager	INR 11  LPA
Operations Manager	INR 7.8 LPA
Project Manager	INR 10  LPA
Banking Branch Manager	INR 9.88 LPA

 

Salary after MBA Marketing

Job Role	Average Payscale
Operations Manager	INR 6.66 LPA
Regional Sales Manager	INR 11 LPA
Digital Marketing Manager	INR 7.5 LPA
Area Sales Manager	INR 7.85 LPA
Marketing Development Manager	INR 7.81 LPA

 

MBA Finance vs. MBA Marketing

Criteria	MBA Marketing	MBA Finance
Full-Form	Master of Business Administration in Marketing	Master of Business Administration in Finance
Duration	2 years	2 years
Eligibility	50% in any undergraduate degree	50% in any undergraduate degree.
Average Course Fees	INR 7 - 20 Lakhs	INR 4 - 20 Lakhs
Domain of Study	Finance Management, Accounting, Financial Analysis, Economics, etc.	Marketing, Customer Relationship Management, Consumer Behavior, Sales, etc.
Entrance Exams	GMAT, CAT, MAT, XMAT, and other university-level exams	MAT, GMAT, CAT, and other university-level exams
Average Salary	INR 3 - 9 LPA	INR 3 - 10 LPA
Who can opt for this course?	financial management and accounting for any type of organization	There are some students who are interested in marketing and business operations management opt for this course

 

What to choose MBA Finance or Marketing ?

Demand for Skilled Personnel: Covid-19 has shortened the job market by a considerable margin and lockdowns have caused a slump in the world economy to a considerable limit and MBA has plenty of competition in the market, mostly because of a significant drop in the quality of outcoming graduates also there's always a demand for skilled personnel in the management sector, even during these difficult times.

Competitive Payscale: MBA graduates are entitled to receive huge compensations across management and techno-managerial sectors also The average pay for any MBA fresher starts from INR 6 LPA and goes till INR 20 LPA depending on the company and the sector they're hired and MBA graduates from premier institutions have a higher pay grade than other MBA graduates.

To choose between an MBA in Finance or Marketing, aspirants need to understand all the areas of comparison and consider their interests and willingness to pursue the course also Students are interested in finance management studies should opt for an MBA in Finance. 

Conclusion:

Best MBA Collage in Jaipur Arya College of Engineering & I.T has both MBA finance and MBA marketing, you must also take into account your interests and decide which of the two programs best matches your skill set. This will assist you in weighing your options and making a well-informed choice to pursue the best MBA course.

• MBA Finance or MBA Marketing
• Benefits of MBA Finance or Marketing 
• Scope in Finance and Marketing

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