What is the difference between MBA in finance and MBA in strategy? Which one has better scope in India?
Career Talk Work & Career 2 years ago
Posted on 16 Aug 2022, this text provides information on Work & Career related to Career Talk. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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Best Answer
2 years ago
Financial Management a major requirement since most businesses understand the value of properly managing their assets. It is focused on the planning and controlling the financial resources of any industry. A Bachelor's degree in finance can help you to work in commercial banking, investment banking, financial planning, money management, insurance and so on. But an MBA in Finance will help you move up the corporate ladder and get more prominence in your job. Such courses offer students a deep understanding of financial management, technological proficiency, interpersonal skills, professional insight, business skills and managerial skills. Strategic Management is more towards industry and environmental analysis, internal analysis and competitive advantage, organizational structure, design and alignment, market evolution and dynamics; in addition to many specialized topics for specific industries, world regions or stages of market development. The strategy draws upon all of the business and market fundamentals, so it is important that a specialized strategy curriculum also includes a solid grounding in topics such as economics, accounting, finance, marketing, organizations, and operations.