Business Loans

Which One is a Better Choice: An MBA in Marketing or An MBA in Finance?

The vast number of candidates who apply for this highly sought-after course each year is proof that an MBA opens up a wide range of highly valued employment alternatives for a recent graduate in any area. There are numerous MBA specializations available, giving graduates a wide range of multidisciplinary options. Many people struggle to choose between MBA marketing and MBA finance, two of the most popular MBA majors, in order to choose the one that best fits their background and professional objectives. This blog offers a fair comparison of the two specialized MBA programs to put an end to your MBA Marketing versus MBA Finance conundrum.

MBA Marketing vs MBA Finance: Quick Comparison

Categories MBA FinanceMBA Marketing
Course LevelMasters Masters 
Duration 1-2 Years 1-2 Years 
CurriculumPortfolio management, hedge funds, risk management, a study of financial institutes and marketsMarketing research, digital marketing, brand management and customer relationship management.
SkillsNumber-crunching, analytical skills, an inquisitive mind and a problem-solving abilityCreative ideas, good communication skills
ScopeInsurance and banking sector, mutual funds, the stock market, investment banker, consultantHospitality, advertising, retail, digital marketing
Job ProfilePositive outlook, enthusiastic, outgoing, have a zeal to interact with customersJuggling with numbers, forecasting, analyzing market trends and focusing on optimum utilization of resources
Average Salary INR 7,00,000INR 7,50,000

What is MBA Marketing?

A postgraduate degree in business administration with an emphasis on marketing is known as an MBA Marketing. This degree program is designed to assist you in gaining a thorough understanding of consumer behavior, market dynamics, and marketing management in the context of various media platforms. It provides the students with the fundamental education and experience needed to launch a prosperous career in marketing management.

What is MBA Finance?
This is a postgraduate business administration degree with a finance concentration. This degree focuses on teaching the necessary business skills combined with knowledge of all a company’s financial demands. Choosing this degree will give you the knowledge and abilities to work in reputable, high-level managerial positions in the financial industry.

READ ALSO  Student Loans for College

MBA Finance vs. MBA Marketing: Qualifications
The prerequisites for both programs are essentially the same. The following are some of the general requirements for MBA Finance and MBA Marketing:

  • Students must have a graduate degree from an accredited institution with the minimum marks needed by their selected university because the course is a postgraduate one.
  • Even though graduates from any discipline and stream are eligible to pursue an MBA, it is preferable to have a strong understanding of accounting and finance principles, especially if you plan to pursue an MBA in finance.
  • Students who want to pursue an MBA overseas must take the GMAT exam because most colleges require GMAT scores as part of the evaluation process. Many academic institutions also accept GRE scores. Also required for admission are writings such as the Statement of Purpose (SOP) and Letters of Recommendation (LORs).
  • Students must demonstrate their language skills by completing English proficiency exams like the IELTS and TOEFL in order to enroll in foreign universities located in English-speaking nations.

MBA Finance vs. MBA Marketing: Differences in Content
Knowing the subjects covered by the course curriculum is crucial while deciding between an MBA in Marketing and an MBA in Finance. Additionally, the length of both of these programs is typically 1-2 years, though this can change depending on the university and the type of MBA program you have chosen (executive, part-time, or full-time). Making the best decision for your MBA degree requires having in-depth knowledge of the disciplines. Several of the key areas of study for both degrees are given below.

READ ALSO  What are the highest paid profession in Canada?

MBA Marketing Subjects

The subjects are specialized to provide a thorough insight into all marketing strategies. Some of the topics taught in this course include:

Marketing ManagementSalesForce ManagementConsumer Behaviour
Operations Management Consumer and Brand Insight StrategyNew Product Strategy, Branding and Marketing
Forecasting, Modelling and Marketing StrategyMarketing Channels Strategies & Decision ModelsInternational and Multinational Marketing
Metrics for Marketing Performance EvaluationSales and Distribution ManagementDigital Marketing and Social Media Management

MBA Finance Subjects

The subjects are designed with the view of exploring the essential aspects of Financial Management, Financial Markets as well as in terms of small and big businesses. Some of the important topics included in this course are:

Financial ModelingMoney and BankingStructured Finance
Fixed Income MarketsManagement Control SystemBehavioural Finance
Infrastructure and Project FinanceSmall Business and Corporate FinanceFinancial Risk Management
Investment Analysis and Portfolio ManagementCorporate Investment ManagementTrading Strategies

MBA Finance vs. MBA Marketing: Scope
The vast professional opportunities available to MBA graduates make them one of the most profitable degrees. Compared to MBA finance graduates, MBA marketing graduates have a whole other industry to consider when it comes to employment opportunities. Graduates from both disciplines are frequently sought after by the top companies throughout the world. After earning their degrees, students are qualified for well-known employment roles like social media manager and financial analyst, among others. In addition to the typical choice of researching the field of employment, you might research higher education. Both marketing and finance are broad disciplines that provide a PhD at the highest level. Possibilities will present themselves as a result of earning a PhD in the area.

In order to help you choose between an MBA in marketing or finance, we’ve outlined some of the various employment options:

READ ALSO  Which Are The Top Colleges for MBA in Finance Specialization?
MBA MarketingMBA Finance
Social Media ManagerFinancial Analyst
Business Development ManagerAccounting Manager
Research ManagerFinance Officer
Account ManagerInvestment Banker
Market Research AnalystCredit Manager
SEO ManagerFinancial Advisor
Brand ManagerFinance Executive

MBA Marketing vs MBA Finance: Salary 

Whether you go for an MBA in Marketing or in Finance, earning a lucrative amount of salary will be a sure-shot thing! Tabulated below are the average salaries asper experience in the field- 

Years of ExperienceMBA FinanceMBA Marketing
AverageRs. 7,00,000Rs. 7,50,000
Less than 1 yearRs. 3,00,000Rs. 3,00,000
1-4 yearsRs. 4,00,000Rs. 4,50,000
5-9 yearsRs. 7,25,000Rs. 7,00,000
10-19 yearsRs. 15,00,000Rs. 13,00,000
20 years or moreRs. 28,00,000Rs. 30,50,000

Top Colleges for MBA Marketing vs. MBA Finance
These two courses are well-liked by students studying management. There are numerous prestigious institutions and universities in both fields. Some of the top business schools offering these two courses are listed below:

MBA Marketing

  • IIM Ahemdabad
  • Indian School of Business (ISB) Hyderabad
  • Indian Institute of Foreign Trade (IIFT) Delhi
  • BM Group of Institutions (BMGI) Gurgaon
  • Manav Rachna University (MRU) Faridabad
  • Lloyd School of Business (LBS) Greater Noida

MBA Finance

  • IIM Bangalore
  • XLRI Jamshedpur
  • IIM Calcutta
  • New Delhi Institute of Management (NDIM) New Delhi
  • NMIMS, Mumbai
  • Alliance University, Banglore

Top Universities in the World for MBA

Now that you have gotten a comparison of MBA Marketing vs MBA Finance, you should have a look at some of the best universities around the world for pursuing your MBA degree:

UniversityCountryQS Rankings 2021
Stanford UniversityUnited States1
Wharton College, University of PennsylvaniaUnited States2
Massachusetts Institute of TechnologyUnited States3
Harvard UniversityUnited States4
HEC ParisUnited States5
INSEADParis and Singapore6
London Business School United Kingdom7
Columbia Business SchoolUnited States8
IE Business SchoolSpain9
University of California, BerkeleyUnited States10

How do I choose an MBA in marketing or finance?
Even after reading the aforementioned advice highlighting the differences between the two prominent MBA specializations, choose one over the other is frequently a difficult decision. Here are some questions that will assist all of the kids who are sailing on the boat in choosing between the two:

  1. Which topic most interests you?
  2. Which academic disciplines in the past have been effective in raising your performance?
  3. Do you have any professional experience? If so, how have you found the work role that was given to you?
  4. What return on investment do you anticipate receiving from an MBA degree?

Which is better Finance or Marketing in MBA?

There are greater employment chances for those with an MBA in finance in sectors like banks, investment and portfolio management organizations, accounts divisions of businesses, etc.
On the other hand, an MBA in Marketing offers employment opportunities, among others, in the fields of brand management, advertising, and sales operations.

Is a finance MBA difficult?
Like many MBA programs, the MBA in Finance is rigorous. However, some students might find it more challenging than other specializations because math and statistics are employed more frequently.

Is a marketing MBA good?
An MBA in marketing provides many opportunities in the industry nowadays. One of the oldest management specialties is the MBA in Marketing. If you wish to work in the industries of entertainment, media, promotions, advertising, sales, or general management, the MBA is for you.

We hope the comparison of MBA Marketing and MBA Finance stated above assisted you in selecting the best program for you. Contact our specialists at Leverage Edu if you are still uncertain about the course you should choose. We can help you identify the program and institution that best suits your tastes and career goals! Join us today for a free career counseling session!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.