MBA in Banking and Finance is a 2 Year full-time postgraduate course. The program deals with financial management, corporate finance, and aspects of international finance. The aspirants open diverse job scopes in various sectors like corporate firms, banks, education based industries.
|Full Form||Master of Business Administration in Banking and Finance|
|Duration||Course Duration of Master of Business Administration [MBA] (Banking and Finance) is 2 Years.|
|Age||No Specific Age Limit|
|Minimum Percentage||50% in Graduation|
|Subjects Required||Any discipline|
|Average Fees Incurred||INR 80,000 - 24 Lakhs|
|Average Salary Offered||INR 3 - 7 Lakhs [Source: Payscale]|
|Employment Roles||Financial Analyst, Finance Officer, Finance Associate, Finance Senior Analyst, Chartered Financial Analyst, Banking Business Analyst, Bank Manager|
According to the Oxford Languages, "The network institutions and laws provide a great variety of financial services. At its most basic, banking involves an institution holding money on behalf of customers that is payable to the customer on demand, either by appearing at the bank for a withdrawal or by writing a check to a third party."
MBA Banking and Finance subjects include money and banking, financial risk management, management control system, international Finance, bank management, and much more. The aspirants have many career options and can experiment in the diverse job scope available for banking and finance graduates.
The tools and technologies used by the banking and finance sector to enhance their productivity are listed below:
Table of Contents
The aspirants must have completed their graduation from a renowned and reputed college with minimum 50 percent aggregate score in bachelor's degree. Aspirants who have not completed their graduation yet can also apply for this program. Still, they will need a provisional admission until they meet all of the required criteria given by the university or college.
The eligibility criteria for admission may vary according to the institution. It can be based on scores of entrance exam or merit scores. Step by step admission process in general are listed below:
Most colleges are taking their admission process entirely online, especially considering the COVID situation. Students are required to visit the colleges' official website and start the application process by giving their necessary details that are needed. Aspirants can also apply offline by visiting the college premises and submit the required documents.
Shortlisted aspirants need to go through the college selection process, which may include a written test, group discussion, and personal interview. Final selection is based on the overall performance and portfolio of the aspirant.
The aspirants have to appear for the entrance examinations which are held all across the country. The aspirant will be tested based on critical and analytical thinking. Listed below are some of the important examination that is held across the country:
Listed below are the standard pattern of entrance exams:
Listed below are the top MBA in Banking and Finance colleges in India according to NIRF:
|8||Department of Management Studies, Delhi|
|9||Xavier School of Management jamshedpur|
|56||KJ Somaiya Institute of Management Studies and Research Mumbai|
The course fee for MBA in Banking and Finance programs can differ from college to college. There are different scholarship programs available for aspirants who want to pursue this course. The general course fee ranges from INR 80,000 to 24 Lakhs.
Total Fees Structure
INR 23 Lakhs
INR 23 Lakhs
INR 19 Lakhs
Symbiosis School, Pune
INR 13.8 Lakhs
INR 12.55 Lakhs
The MBA in Banking and Finance syllabus includes both theoretical and practical subjects. This post-graduation degree course helps the aspirants to enhance their banking and finance skills.
Some of the crucial theoretical MBA in Banking and Finance subjects are listed below:
Read More about MBA in Banking and Finance Syllabus and Subjects
MBA Banking in Finance is an inspiring course. Let's know more about "why choose MBA in Banking and Finance?" into three simple questions for further understanding.
Study of Finance: MBA Banking and Finance is a postgraduate degree course with the duration of two years. The program deals with financial management, corporate Finance, and aspects of international Finance.
Attainment of Skills: The focus of MBA in Banking and Finance, is on attaining technical and behavioural skills in the banking field's core functions along with the theoretical knowledge about the course.
Let's know more about about the job responsibilities for a manager:
Overseeing Responsibilities: Being in a management role, manager must be responsible for meeting tough sales targets. Monitoring sales targets and reporting to head office are few more responsibilities.
Staff Allocation: Hire, train, allocate and oversee the day to day activities of staff. Managers also plan for the promotion and marketing of the branch and its products.
Customer Satisfaction: Meeting with customers and resolving any problems or complaints. Ensuring there's a high satisfaction in customer service.
Some of the reasons for MBA Banking and Finance course to offer a rewarding career are listed below:
Gain Knowledge: The aspirants gain knowledge about different investment strategies, insurance, and corporate risks involved in the banking and finance sector.
High-Pay: Jobs in banking sector offers rewarding pay and has good job growth.
Below are the preparation tips made by our experts for the aspirants pursuing MBA Banking and Finance course:
Look Through the Examination Syllabus: Get a hold of the syllabus for the course and make a month-wise schedule to help the aspirant study more strategically and efficiently.
Make a Schedule: This will help the aspirant see their progress while studying better and smarter.
Be Creative: The aspirant also needs to polish their critical thinking and reasoning skills.
After completion of MBA Banking and Finance course graduates can appear for exams conducted by RBI, SBI, Institute of Banking Personnel Selection(IBPS), and other regional rural bank exams. Aspirants can also learn about the foundations and processes of management apart from gaining expertise in particular field areas.Graduates can purse Phd in Management or certification and diploma courses like Advanced Certificate in Banking Laws and Loan Management and Certificate in Banking Laws and Loan Management.
The average salary depends on many factors like the companies policies, aspirant's expertise at work, knowledge about the sector and much more. The average salary of jobs for MBA in Banking and Finance ranges from INR 3 to 7 Lakhs.
Read More about MBA in Banking and Finance Salary
Finance and Banking is an industry with many opportunities and growth. Pursuing MBA Banking and Fianance in India opens up diverse job opportunities in banking and corporate secotrs. In addition to job security, banks also offer lucrative salary packages to the graduates. The experience they have gained from working in the banking sector opens ample other job opportunities.
Read More about MBA in Banking and Finance Jobs
The Banking and Finance sector is dynamic and versatile and has a lot of job opportunities. Different job roles come with other skills, which is essential for the aspirants to create while studying or working in this sector.
Some of the essential skills are listed below: