MBA banking is a two-year post-graduation course with four semesters, the course deals with training students to upskill their knowledge in both basics of administration and specialization in bank management. MBA Banking subjects include corporate management, accounting, economics, business management, business communication, human resource, finance management, banking, marketing and sales, business management, statistics, production, and much more. MBA in Banking course has diverse job opportunities in financing, marketing, accounting, business management and banking sectors.

MBA in Banking Course Details

Degree Masters
Full Form Master of Business Administration in Banking
Duration Course Duration of Master of Business Administration [MBA] (Banking) is 2 Years.
Age No age limit
Minimum Percentage Minimum of 45%–50% academic aggregate from an acknowledged college or university.
Average Fees Incurred INR 3 - 24 Lakhs
Average Salary Offered INR 1.5 - 24 LPA (Source: Payscale)
Employment Roles Bank Manager, Customer Relationship Manager, Accountant, Finance Head, Human resource, Marketing Specialist, Sale Executive.

About MBA in Banking

As per Wikipedia, banking is defined as "The business of banking or banking business means the business of receiving money on current or deposit account, paying and collecting cheques drawn by or paid in by customers, the making of advances to customers, and includes such other business as the Authority may prescribe for the purposes of this Act. receiving from the general public money on current, deposit, savings or other similar account repayable on demand or within less than [3 months] or with a period of call or notice of less than that period; paying or collecting cheques drawn by or paid in by customer's". 
The principal of MBA in banking course is to develop students into an aspiring manager who deals with various divisions in the banking sector. MBA Banking subjects include corporate management, accounting, economics, business management, business communication, human resource, finance management, banking, marketing and sales, business management, statistics, production, and much more. Aspirants have more job scopes in various sectors like corporate companies, finance management, industries, product-based firms, human resources, airports, transports, hospitality, government, healthcare, etc. Listed below are the latest tools and technologies used by the banking managers:

  • Scenario Planning
  • Strategic Benchmarking
  • The Balanced Scorecard
  • SWOT Analysis
  • Operation and Performance Benchmarking
  • Six Sigma (DMAIC and DAMDV) in financial Services
  • Gap Analysis

Table of Contents 

Eligibility Criteria for MBA in Banking Course

For admission in MBA in Banking, aspirants who are willing to get an admission to pursue an MBA in Banking course must have completed bachelor’s degree (10+2+3) in any discipline obtained with a minimum of 45%–50% academic aggregate from an acknowledged college or university. Eligibility for MBA in Banking admission is minimum cut-off in any one of the standard entrance exams. The age limit for admission in the course is subject to the college that students are interested in. Usually, the age limit for admission is 21-27 Years old.

How To Get Admission for MBA in Banking?

The eligibility criteria for admission tends to be the same for all colleges. Many deemed universities and private colleges accept standard entrance exams scores for their admission process but few colleges and universities conduct university-level entrance exams to choose students. Few colleges in-take students by their academic history alone. All colleges and universities have a limited number of management seats where they directly admit students. The admission process for MBA Banking begins with a standard entrance exam and the process goes on with group discussion and personal interview.

Apply For the course

Students can apply for the entrance exam online or offline. National-level entrance exams can be applied only through online portals. Few universities don't accept standard entrance exam scores. They perform their admission process. Visit the respective college or university website to get details about their admission procedure.

Selection Criteria

The organization releases a merit list of aspirants by their scores in standard entrance exams. Students who got qualified in the entrance exam have to attend group discussions or personal interviews to get admission. Aspirants may proceed with the counseling section after they receive their final cutoff scores. The merit students list will then be published with the total weightage of marks secured in the entrance exam, personal interview/group discussion, and academic performance. Students with work experience will be given higher priority.

There are many standard state and national level entrance exams conducted by agencies to test students' written ability. List of standard entrance exam:

A Quick Glance at the MBA in Banking Entrance Exams

The top business institutions' admission criteria are based on cutoff scores in any one of the state-level or nation-level standard entrance exams. Its mandatory for students to take aptitude and ability assessment to get a seat in a top business school

  • The time span for the entrance test will be 2:30 hrs to 3 hrs 
  • The evaluation may be online or offline
  • There will be MCQ and Non-MCQ questions
  • Before starting the assessment, check the instructions completely
  • Check if there is negative markings
  • The exam pattern contains quantitative ability, data interpretation, logical reasoning, verbal ability, reading comprehension

Top 10 MBA in Banking Colleges in India

Top 10 MBA in Banking in India management institutes as reported in NIRF ranking is listed below:

Top MBA Banking College
NIRF Rank Colleges
1 IIM Ahmedabad
2 IIM Bangalore
3 IIM Calcutta
4 IIM Lucknow
5 IIT Kharagpur
6 IIM Kozhikode
7 IIM Indore
8 IIT Delhi
9 XLRI Jamshedpur
10 MDI Gurugram

Fee Structure for MBA in Banking

Aspirants have numerous options to pursue MBA banking in India from top business schools. MBA banking course fees range from INR 3 - 24 Lakhs. Top 5 college fees structure is mentioned here:

Fee Structure for MBA in Banking
S. No Colleges Total Fees Structure
1 Indian Institute of Management, Ahmedabad INR 23 Lakhs
2 Indian Institute of Management, Bengaluru INR 23 Lakhs
3 Indian Institute of Management, Kolkata INR 23 Lakhs
4 Indian Institute of Management, Lucknow INR 21 Lakhs
5 Indian Institute of Technology, Kharagpur INR 19 Lakhs

Syllabus and Subjects for MBA in Banking

MBA in Banking is a two-year post-graduation course that has four semesters. The MBA in Banking Management course develops aspirants' basic knowledge in management and specialization in banking related subjects. The syllabus covers banking, organizational behaviour, management principles, and many more banking-related modules, etc. Important subjects MBA in Banking subjects are listed below:

  • Principles of Management and Organizational Behaviour
  • Banking and Insurance Marketing
  • Managerial Economics
  • Accounting and Finance for Managers
  • Marketing Management
  • Human Resource Management
  • Research Methods for Management
  • Corporate Communication
  • Operations Management
  • Commercial Banking and Role of RBI
  • Mutual Fund Management
  • Merchant Banking

Read More about MBA Banking Syllabus and Subjects

Why Choose MBA in Banking?

In Banking, MBA is a specialization course focusing on banking activities, management, economics, statistics, finance, accounts, and marketing. In MBA Banking, students attain the understanding of various banking related projects. Let us grasp more about "why choose MBA Banking?" with three simple questions.

What is MBA in Banking All About?

MBA in banking is a two year long undergraduate course dealing with the concept of banking. Banking is the process of money handling such as cash deposition, managing transactions, collecting bills, paying checks, managing saving accounts, maintaining customer account details, loans, insurance, and much more. MBA in Banking provides administration programs to manage the processes of all these above-mentioned departments. Students can get job opportunities to work for many types of banks like payment banks, urban co-operative banks, rural co-operative banks, small banks, commercial banks, public banks, private banks, foreign banks, regional banks, and many more. Banking may be general banking, personal banking, retail banking, commercial banking, and so on. The syllabus of  MBA in Banking course is all about a comprehensive study of banking management, quantitative techniques of banking and their corporate communications, fund management and their merchant's administrations, marketing, accounts, sales and finance processes, and how they are processed legally under RBI’s law and order. 

What Does an MBA in Banker Do?

The work of an MBA Banker is to give legal advice to their clients about financial management. There are many different departments in banks. Each department holds plenty of tasks to be accomplished like keeping track of customers' details, managing their savings accounts, loans, taxes, investments, and securities are all the job responsibilities of a banker. 
Predominant Task: MBA Bankers manage to work on multiple banking-related management tasks. Below mentioned are some bankers roles and their job responsibilities:

  • Accounts Assistant - auditing and preparing reports about financial transactions and managing accounting controls
  • Business Analyst - Providing financial information to the organization by research and analyzing accounting data
  • Senior Accountant - preparing policies and procedures for organizations banking.
  • Finance Manager - monitoring accounts, preparing financial forecasts, and finding ways to increase profit 
  • Sales and Marketing Manager - analyzes markets for business opportunities, develops, mergers, and promotes the process.

Reasons Why MBA in Banking Course Can Fetch Students a Rewarding Career?

There are numerous private and government banks worldwide, and many divisions are working under each sector. Accordingly, there are plenty of job opportunities in this field. Today's world is completely dependent on currency and bills. An organization can't run without the management team for banking and finance. Hence, this transparently shows the availability of bank jobs and has a good scope for future career growth. MBA Banking graduates get positioned as top-tier managers with profitable salaries across the world.
Demand: The banking sector has a huge need for manpower since this is a humongous sector where there are plenty of tasks. Hence the necessity is very high in this division. 
Leading positions: Master's degree holders quickly move forward in their career and attain leading positions like team lead, project managers, branch managers, directors, and much more. 
Read More about MBA in Banking Jobs

Preparation Tips for MBA in Banking course

MBA in Banking course is for the aspirants who are desiring for a challenging job. Banking plays a significant role under RBI and the finance ministry. For a successful business, the bankers should be organized with finance management and know all their account details in and out. Aspirants should develop themselves to be smart-working professionals, which will help them accomplish their future tasks. 
Technologies To Learn: Aspirants should be focused on the course syllabus and show their willingness to learn new technologies. There are many tools, techniques, and strategies used to process banking. Listed below are some of MBA banking technologies to learn:

  • Digital Opening
  • Person-to-Person (P2P) Payment
  • Video Collaboration/Marketing
  • Cloud Computing
  • APIs

Exam Planning: Obtain the entire course curriculum, list down the topics, and give time limitations to cover each case.
Understanding Academic Courses: Aspirants may make use of the internet wisely and collect study materials, pdf, ppt's, videos to understand their academic course in detail.
Extra Curriculum: Students should stay updated with RBI updates and currency exchanges. Try to read newspapers daily for skill development. Do some small survey programs that will give them practical knowledge of the course.
Exam Preparation: Study daily. Finish the daily syllabus on time.

  • Take simple tests weekly.
  • Be updated with new technologies. 

Scope For Higher Education

Higher studies after the MBA Banking course have several options, and many certification courses can be done, which will reward career promotion. Graduates can pursue their second MBA or Executive MBA. Graduates can also pursue a Doctor of Philosophy (Ph.D.) in Banking. List, of course, aspirants can do after MBA in Banking:

  • M.Tech in Banking
  • M.phil in Banking
  • Project Management Professional
  • NSE's Certification in Financial Markets
  • ISB Certificate Programme in Business Analytics
  • Doctor of Business
  • Financial Risk Manager Exam
  • Personality Development Course
  • SAP Course

Salary of an MBA in Banking Course

According to one's skills and experience, MBA Banking courses pay scale is an average of INR 1.5 to 18 LPA. Graduates whose desire is to work abroad earn a decent pay of around $65,000 – $120,500
Read More about MBA in Banking Salary

Career Options After MBA in Banking

MBA graduates have several job offers such as an accountant, marketing and sales manager, human resource manager, finance manager, customer executive, etc. MBA in Banking jobs options double when a graduate holds specialization due to their high demand for top companies. Once MBA Banking graduates are experienced, then their career rewards them with leading positions in top companies. MBA Banking graduates get placed in many departments like finance, education, banking, airports, transports, hospitality, government, healthcare, and so on. Job roles offered for the graduates of the MBA Banking course are listed below:

  • Human Resource
  • Branch Manager
  • Relationship Manager
  • Assistant Branch Manager
  • Credit Manager
  • Business Analyst (Banking/Finance)
  • Bank Manager
  • Data Analyst
  • Finance Analyst
  • Finance Manager

Here the list of top recruiting companies:

  • SBI
  • Indian Bank
  • HDFC
  • ICICI
  • IOB
  • HPE
  • TCS
  • CTS
  • Accenture 

Skills That Make Students The Best MBA in Banking

Basic Skill: Personal development is a long process where a person makes themself more capable. To become a bank manager, students should have strong leadership skills with all other necessary skills.

  • Decision-making
  • Problem-solving
  • Time management
  • Multitasking
  • Analytical thinking
  • Effective communication

Extra Skills: Besides learning their academic courses, students should also work on their inner personal strengths and weaknesses to develop themselves to be a leader. Here listed are skills sets one needs to work on to start their career as MBA in Banking. 

  • Instant thought process
  • Leadership qualities
  • Client relationship management
  • Critical thinking and collaboration
  • Computer science (software/hardware)

See Various Master of Business Administration [MBA] (Banking) Colleges in India

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