IMI Bhubaneswar PGDM Admissions 2026
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Finance is amongst the most high-paying and rewarding disciplines in the world. There are a lot of promising courses at certification, diploma, undergraduate, postgraduate, and doctoral levels. A degree or a certification in finance allows candidates to explore several domains, due to the widespread applicability of Finance in every industry. However, choosing the most appropriate course can be an enormous challenge. CFA (Chartered Financial Analyst) and MBA (Master of Business Administration) are the two most rewarding courses in Finance.
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CFA is a popular certification in finance that is globally recognised and considered a golden career in finance. The CFA course is divided into three levels: Level 1, Level 2, and Level 3. Similarly, an MBA or Master of Business Administration is another popular course offered in the field of management. Candidates can choose their preferred specialisation according to their interests.
While both the CFA and MBA offer a very promising career in finance, there are many differences. Candidates can choose any of the courses to have a great future in the finance domain. In this article, we will discuss the similarities, differences, scope, career opportunities, eligibility criteria, and admission guidelines of both of these courses.
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CFA or Chartered Financial Analyst is a popular charter that is generally pursued by candidates interested in working in the BFSI segment. CFA charter is an official designation offered by the CFA Institute to those who have cleared all the levels and have met all the course requirements. CFA is one of the most respected designations offered in the field of finance and allows candidates to choose from a lot of high-paying careers.
To be eligible for the CFA charter, candidates must have fulfilled some enrollment requirements. Students can check these requirements on the official website of the CFA Institute, which is www.cfainstitute.org. However, for the student’s reference, we have mentioned the eligibility details of CFA below.
Alternatively, candidates should also meet the requirements below.
A minimum of 4000 hours of professional work experience, or a combination of work experience and education that is accrued over 36 months (or a minimum of three years duration).
| Eligibility Parameters | Details |
|---|---|
Passport required | International travel passport |
Qualification requirements | Bachelor’s degree or equivalent |
CFA Level-1 Qualification Requirements | To apply for a CFA course, candidates should complete their bachelor’s degree from a recognised institute in India. |
Work Experience/Educational Academic Duration Requirements | 4000 hours of work experience or a combination of work experience and education that is accrued over 36 months (3 academic years) |
CFA is often considered a gold standard in finance and prepares graduates for a range of job roles. The course curriculum of a CFA institute is very comprehensive, however, it is very exhaustive and requires in-depth knowledge and practical knowledge. Listed below are some of the benefits of a CFA charter and how it helps candidates to have successful careers in finance.
Candidates can also check this article- CFA (Chartered Financial Analyst) - The Gold Standard in Finance, to learn more about how CFA is one of the highly desired courses for a successful career in the Finance industry.
MBA, popularly known as Master of Business Administration, is a well-known postgraduate degree programme in the field of business management. However, an MBA is a broad discipline consisting of a wide range of specialisations, popular ones being Finance, Marketing, and Human Resource Management. Individual colleges may have their own enrollment requirements for the course.
Only eligible students will be allowed to advance to the application process. Generally, for an MBA degree, the eligibility varies depending on the provider, the type of institute, and depending on the specialisation. Students can check the eligibility or qualification details on the official website of the provider or the programme brochure. However, some of the basic admission requirements for an MBA are provided below.
| Eligibility Parameters | Details |
|---|---|
Educational Qualification | Bachelor’s degree from a recognised institute in India |
Marks required | 50 per cent or more (for the general category), 5-10 per cent relaxation for candidates belonging to the reserved categories |
Entrance exams | CAT, MAT, CMAT, XAT, and NMAT |
Admission procedure | Entrance Exam+Group Discussion+Personal Interview |
Work Experience | Compulsory for Executive MBA, optional for other MBA courses |
Compared to the CFA (Chartered Financial Analyst), an MBA provides broader business knowledge to the candidates. While an MBA in Finance provides a promising career path in the field of Financial Services, students can also choose a range of specialisations depending on their interests and future goals.
MBA Finance graduates can explore areas such as investment banking, financial analysis, taxation, and the BFSI segment. Graduates can work in both private and public sectors or can pursue entrepreneurship and set up their own financial firms.
The table mentioned below compares both MBA (Master of Business Administration) and CFA (Chartered Financial Analyst). For further information, candidates can check the official website of the CFA Institute or their desired MBA institute.
| Particulars | CFA | MBA |
|---|---|---|
Course Duration | 3-4 years | 2 years |
Fees for the entire duration | USD 1290 to USD 1390 (fees for early registration will be USD 990 for levels 1 and 2, and USD 1090 for Level 3) | Rs. 50,000 to Rs. 25 Lakhs |
Admission Process | Entrance test | Entrance Test, Group Discussion and Personal Interview |
Job Profiles | Financial Analyst, Risk Manager, Asset Manager | Sales Manager, Finance Manager, HR Manager, and Marketing Manager |
Course Curriculum | Economics, Financial Statement Analysis, Equity Investments, Derivatives (Regularly updated to meet the industry requirements) | Organisational Behaviour, Business Communication, Quantitative Methods, Accounting, Business Research Methods, and Legal Aspects of Business |
To conclude, both MBA and CFA are excellent courses for someone interested in working in the field of Finance. Both these courses offer excellent knowledge of finance and prepare the graduates for a variety of career options. Students can also apply for higher-level degrees after graduation. Some of which are Ph.D, or M.Phil in Finance or similar disciplines. CFA and MBA are both indeed valuable courses, each offering good knowledge and a successful career in Finance.
On Question asked by student community
Yes, with an 89 percentile in CAT, your daughter has a good chance of securing admission in several reputed MBA colleges in India, though top IIMs may be difficult unless she has strong academic diversity, category reservation, or exceptional profile factors. At this percentile range, many well-known Tier-2 and upper Tier-3 management institutes consider candidates for their flagship MBA/PGDM programs.
Institutes such as IMI New Delhi, IMT Hyderabad, XIMB HRM, GIM Goa (certain programs), FORE School of Management, LBSIM Delhi, TAPMI Manipal (borderline), IFMR GSB, Great Lakes (PGDM) and several reputed university MBA programs actively shortlist candidates around the 85–90 percentile range. Final selection does not depend on CAT score alone; academic background, work experience, diversity, performance in GD/PI/WAT also play a significant role.
To maximise chances, she should apply to a balanced mix of colleges, prepare well for interviews, and highlight strengths such as internships, certifications, leadership roles, or work experience. If her profile is average and she aims for higher-ranked institutes, she may also consider repeating CAT with focused preparation to push her percentile above 95.
With 71.52 percentile in CAT as an SC category candidate, getting admission to NIT Trichy (DOMS) for MBA is possible but not guaranteed. NIT Trichy generally has lower CAT cut-offs for reserved categories, and in recent years, the SC cut-off has ranged approximately between 65–75 percentile, depending on the applicant pool and seat availability. Since your score falls within this range, you may get shortlisted for the PI round, especially if you have decent academic consistency and meet the minimum eligibility criteria. However, final admission will depend on performance in the personal interview, academic background, and availability of SC category seats. You should definitely apply to NIT Trichy, but also keep options open by applying to other NITs like NIT Warangal, NIT Surathkal, NIT Calicut, and central universities, where your percentile gives you a better conversion probability. Preparing well for the interview can significantly improve your chances of securing a seat.
With an overall CAT percentile of around 80 and belonging to the NC-OBC category, you do have a fair set of MBA college options in India, including some IITs, though the top IIMs and older IIT MBA programs will be difficult at this score.
At the IITs, you can realistically consider the newer and mid-tier MBA programs. IIT Jodhpur (MBA), IIT Bhilai, IIT Jammu, and IIT Dharwad are among the IITs where candidates with 75–85 percentile in CAT and category reservation like NC-OBC have received calls in previous admission cycles. These institutes generally place more weight on CAT score combined with academic background, work experience, and performance in the personal interview. However, IIT Bombay, Delhi, Madras, Kharagpur, Kanpur, and Roorkee usually require much higher percentiles, even for reserved categories, so chances there are quite low at 80 percentile.
Apart from IITs, several good government and semi-government MBA institutes are strong options at your percentile. You should definitely consider colleges like NIT Trichy (DOMS), NIT Warangal (SOM), NIT Calicut (SOM), and NIT Durgapur, as NITs often have slightly lower CAT cutoffs for NC-OBC candidates compared to IIMs. Universities such as Jamia Millia Islamia (MBA), Aligarh Muslim University, University of Hyderabad, and Delhi School of Management (DTU) can also be explored, depending on sectional cutoffs and your academic profile.
In the private institute space, there are many reputed B-schools where 80 percentile with NC-OBC reservation gives you a reasonable chance. These include IMT Nagpur and Hyderabad, GIM Goa (for some programs), TAPMI Manipal, FORE School of Management, K J Somaiya (Mumbai), BIMTECH Greater Noida, IRMA Anand (depending on profile), and IFMR GSB Krea University. These colleges focus strongly on interviews, SOPs, and overall profile, so good communication skills and clarity of goals can significantly improve your chances.
Overall, your strategy should be to apply broadly. Prioritise newer IITs and NITs first, then reputed private B-schools with consistent placement records. Make sure you prepare well for the personal interview and group discussion rounds, as at this percentile, final selection depends heavily on how well you perform beyond CAT.
Hello,
Both Bengal Institute of Business Studies (BIBS) and United World School of Business (UWSB) have strong placement records in Kolkata. with specific data suggesting BIBS has a slightly higher potential higher salary package. While the UWSB provides a higher placement rate.
I hope it will clear your query!!
Hello
With an NMAT score of 205, you have decent chances in good mid-tier MBA colleges.
You may get calls from NMIMS Hyderabad or Indore, but the Mumbai core is usually slightly higher.
Colleges like SDA Bocconi Asia Centre, BML Munjal, and IBS Hyderabad are realistic options.
Some reputed private B-schools may also consider you if sectional cutoffs are clear. Overall, 205 is a fair score that can lead to a solid MBA college with good planning.
You can refer to the link I am attaching for more details: CLICK HERE
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