MBA refers to a masters in business administration, so basically in the first year you will be covering a wide aspects related to business administration. In the second year however, you will be choosing your specialization, in your case Finance. Specializing in Finance will give you a sound understanding for finance and will prepare you to face the corporate world where finance related skills will be necessary depending on the area of your work, but if you want to get into the depth of finance learn finance in detail, then a CFA or an FRM will be the best choice for you after an MBA. The depth of knowledge in finance you will garner in CFA or FRM is much more than an MBA with a specialization in finance, since these professional courses includes subjects which are not covered in detail in the curriculum of MBA (finance).
Secondly, CFA and FRM are the most coveted degrees in finance and provides a global recognition. If you want to get into portfolio management, hedge funds, equity research, insurance and banking institutions, CFA and FRM will give you an edge at the time of placement.
Cracking interviews for equity research, investment banking profiles and analyst profiles will require an in-depth knowledge of finance which can only be acquired if you do CFA or FRM.
Therefore, MBA is a business administration course which is not restricted to finance only. If you want to specialize in full fledged finance, CFA or FRM will be the best professional course for you after an MBA.
To get an unbiased and experienced opinion on this topic, watch this video below of Aswini Bajaj who is a trainer, global consultant in delivering lectures on finance and public speaker.
MBA- ASWINI BAJAJ