What are some MBA finance fresher interview questions and answers?
Well yes I recently gave one at Symbiosis for MBA in international Business. It was my first interview and I had prepared for some basics and regular questions that I found that used be asked like, Tell me about yourself?Why MBA?Why at this institute?And more.Infact I faced a different start for the interview. I entered the PI room smiling greeted the panelist(P) and they offered me to sit.The moment I sit. P - SMART BOY!!Me - Thank you sir.P - Why do you think I called you smart?(Silence for 5-10 secs)Me - Clearing the entrance exam and getting qualified for this process might have made you say that.P - Ok! (Seemed satisfied)Then there were some questions on current affairs which I managed to answer.After that he started with personal questions about likes dislikes, hobbies etc.There was one question about football, what he asked was - Why did the team win the match?And what I answered was - Because they scored the goal against the opposition team. Both the panelist started laughing and the interview was done. What I learned from my first interview was to be yourself and be ready for anything. PS: waiting for results.
What are the main areas that one should learn during CA articleship?
I did my articleship from Khimji Kunverji and Co., one of the top firms in Mumbai; and it was an awesome experience. Let me shed some light on my learnings -Learn to say NO - Random seniors come and give you random work. Learn to say No. Learn to say you are busy. You are not a dustbin.Learn to say YES - You need to have a good rapport with your immediate seniors and your boss. I have filled my boss’s daughter’s BFM admission form because she needed some help. Sometimes, you have to keep your ego aside and look at the larger picture.Whether audit or tax is the one for you - You tend to spend 3 years in articleship, doing either audit or tax. It is good enough time to gauge whether you want to do this for your entire life or not. For me the answer was NO, and I switched to Finance. No point wasting time once you qualify.Domain Knowledge - In your first job interviews after becoming a CA, a lot of stress will be on what you did during these 3 years. You should be upto date with that. Get your basics right.Out time is a myth – As per my firm HR Manual, the official work time was roughly 10-30 to 6–30. Strangely, you used to be penalized for coming late, but no credit for going late. It’s the norm. Get used to it.Make Mistakes - Ask stupid questions. Make mistakes. Experiment. Because you have the license to. You are a fresher. As a CA, people expect more.Do not neglect your Social Life - Its important. Your boss will not come at 12 to your place with a cake in his hand, wishing you a happy birthday.I remember getting into a train during my 1st year articleship. I somehow started chatting with a guy standing near me. He was a CA. I told him I just cleared IPCC and started with articleship. He started laughing and said “Welcome to Hell”.With all the office and study pressure, you might feel life sucks during articleship, but it will be a great experience. You will create memories of a lifetime. Cherish it :)
Which is better MBA in Finance or Marketing? If previous background is B. Tech IT
MBA in general is about choosing what you want to do in life. The branch you choose must be based on which part you will be suited for. I have a major classification based on certain characteristics (This may not be perfect but it pretty much holds good so feel free to ‘agree to disagree’Finance - Good in numbers, interest in statistics, not too social, looking to do a PhD, introvertsMarketing - Good in communication, good in networking, extroverts and people who are quick on their feetHR Management - Women (not a sexist statement) and people who are more empathetic and good in reading peopleOperations Management - For hardcore engineers (non-CS) majorly and people who are good in numbers but not interested in FinanceI’d go into systems and other streams but I trust this should cover itMBA in FinanceThis is something I did and I was a non-finance guy (Engineering in Computer Science) before my MBA. Finance is pretty easy but you need to like it. It’s a lot like one of those papers which is easy if you put your mind to it but if you don’t like it, you are never going to get it.I had papers on basic Accounting, management accounting, Corporate Finance, project financing, Derivatives, behavioral finance, Economics, M&A among others and it was a pretty easy run. One thing I’d advice is that keep your memory sharp. You have too many formulas and too many things you need to keep in mind.While it may seem to be a better fit for a person from a Commerce background, I’d recommend it for others as well. Nobody in my batch found it too tough but among the four I’ve listed, I’d say it is the second most tough one. (I’ll not say other spots)Finance is not something you can study overnight. You need to truly put a lot of work and practice a lot to even thing about studying it.All streams are tough. Money is always interesting so finance is going to be interesting.
I am planning to do MBA in finance. What basic knowledge do I require before I take up that course?
Best of Luck for your CAT exam. As you have mentioned that you want to do MBA in finance, you should start learning finance right now. I'm a B.com(Hons.) graduate from Calcutta University and Currently pursuing MBA and now in 2nd semester, I have seen my friends who are not from commerce background lacks to understand the basics of finance. They fear this subject. But if you want to do it then get a basic commerce book and start learning. Starts from normal things like what is assets, liabilities, capital, types of capital, types of assets and liabilities, cost, types of cost, Golden rules, journal, ledgers, day book, final accounts stuff like this. But let me tell you one thing first think about your 1st year of MBA where you have to study all the general papers like Economics, Statistics, Accounts, Marketing, Organizational Behavior etc. The Standard of Accounts or finance in 1st and 2nd semester and 3rd and 4th semester are different. The standard of finance will be very high in 3rd and 4th semester. So In order to cope up with that you need to learn the basics very well and you need to start it as soon as possible.Best wishes for you and God bless you.