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According to Katuri
Nageshwar Rao, the Associate Dean for ICFAI, "There is need for a
specialised course in the finance field; so the programmes such as MBA,
MS (Finance), MS (Banking), MS (Accountancy), MS (Insurance), are
designed to the needs of the industry.
font class="text" There are many job opening for finance graduates in Banking, Insurance,
BPO, Software companies and financial service providers in India. There
is a wide scope for this industry and the pay package is great. The
minimum pay would be Rs. 2.4 lakhs per annum."
Prof. Venkatesh, Dean &
Director, ICFAI, Bangalore, says,
I) "A few years back the
banks and loans were regulated by the RBI, but now the scene has
changed, the process has become deregulatory. Today's banks are more
market-specific and customer-centric; management has gained importance.
So there is a major shift in financial accounting and management, the
risk management is an important factor for all financial firms."
2) "The liberalisation
process has made accounting simple, the tax laws are not rigid, this has
been the advantage for the management field to make the MBA students
understand better the subject. Skills and the attitude are very
important in today's scenario."
3) "The combination of
Marketing and Finance MBA has proven to be a success, as management
skills and the indusrty's present scenario are matching. Today, MBA
(Finance) students are getting jobs in Finance, Banking and Insurance
companies. Recently, 29 students of ICFAI were appointed by ICICI with a
pay package of starting from Rs. 5.22 lakhs per annum.
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