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Most commerce students tend to confuse the functional area of finance with accountancy. That is not the case. Both these areas are independent
of each other. The finance function broadly deals with planning for capital and raising it, allocating of capital within and outside the organisation
for maximum return on investment, budgeting, and tax planning. On the other hand,accountancy deals with accounting for the costs or
expenses associated with the resources deployed, manufacturing a product or providing a service, manpower and supply chain costs, margins, and profits.


Students who decide to do an MBA with finance as their specialisation are given a firm grounding in different subjects that cover economic analysis, statistics, methods of management accounting, financial and investment analysis, planning and budgeting, international finance, and banking. Courses in valuation methods, risk management, investment and tax planning are also offered. Students in the first year of their MBA, attend foundation courses in Economics, Business Statistics, and Finance.


There is a mistaken notion that a student with a graduate degree in commerce does well in finance.In fact, a lot of non-commerce students, such as engineers and graduates in science, take up finance as a specialisation and do well. Therefore,what should matter to students who wish to
specialise in Finance, is their interest and aptitude, and not their academic background.Students who are recruited on campus by various
companies for the finance function, join as management trainees. The designations that are assigned to them differ between companies. An
equity analyst at a stock broking firm could have a different designation at another firm, even though the job profile be the same. Finance
professionals eventually become the CFO (Chief Financial Officer) of their company. Sometimes, they may also go on to become the CEO (Chief
Executive Officer) if the company’s main line of work is finance-related.