INR 3 - 24 Lakhs
MBA in 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 in Banking subjects include corporate management, accounting, economics, business management, business communication, finance management, banking and much more. MBA in Banking course has diverse job opportunities in finance, marketing, accounting, business management and banking sectors.
|Full Form||Master of Business Administration in Banking|
|Age||No age limit|
|Minimum Percentage||Minimum of 45%‚Äì50% academic aggregate from an acknowledged college or university.|
|Average Fees||INR 3 - 24 Lakhs|
|Average Salary||INR 1.5 - 24 LPA (Source: Payscale)|
|Employment Roles||Bank Manager, Customer Relationship Manager, Accountant, Finance Head, Human resource, Marketing Specialist, Sale Executive.|
The principal of an MBA in banking course is to develop students into an aspiring manager who deals with various divisions in the banking sector. MBA in 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, transport, hospitality, government, healthcare, etc. The MBA in Banking course duration is of two years. Students can find out about the MBA in Banking course details by visiting the college's official websites.
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For admission to MBA in Banking, aspirants who are willing to get an admission to pursue an MBA in Banking course must have completed a bachelor’s degree (10+2+3) in any discipline obtained with a minimum of 45%–50% academic aggregate from an acknowledged college or university. MBA in Banking eligibility for admission is a 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.
Students who are interested in pursuing a career as an Accounts Manager, Marketing Manager, Executive Assistant, Marketing Analyst, Business Analyst etc can pursue this course. This course is ideal for students with a commerce or business administration background.
For admission to MBA in Banking, aspirants who are willing to get an admission to pursue an MBA in Banking course must have completed a bachelor's degree (10+2+3) in any discipline obtained with a minimum of 45%–50% academic aggregate from an acknowledged college or university.
The eligibility criteria for admission tend to be the same for all colleges. Many deemed universities and private colleges accept standard entrance exam 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 in Banking begins with a standard entrance exam and the process goes on with group discussion and personal interviews. The MBA in Banking falls under the umbrella of the MBA course. Therefore, the admission process does not differ a lot.
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.
The organization releases a merit list of aspirants by their scores in standard entrance exams. Students who got qualified for the entrance exam have to attend group discussions or personal interviews to get admission. Aspirants may proceed with the counselling 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.
Read More on MBA Admission
There are many standard state and national level entrance exams conducted by agencies to test students' written ability. List of standard 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. Students must take aptitude and ability assessments to get a seat in a top business school
The top 10 MBA in Banking in India management institutes as reported in the NIRF ranking is listed below:
|NIRF Rank||Colleges||Average Fee Structure (INR)|
|1||IIM Ahmedabad||20 Lakhs|
|2||IIM Bangalore||20 Lakhs|
|3||IIM Calcutta||20 Lakhs|
|4||IIM Lucknow||20 Lakhs|
|5||IIT Kharagpur||20 Lakhs|
|6||IIM Kozhikode||20 Lakhs|
|7||IIM Indore||20 Lakhs|
|8||IIT Delhi||10 Lakhs|
|9||XLRI Jamshedpur||10 Lakhs|
|10||MDI Gurugram||15 Lakhs|
Given below are the top MBA in Banking Colleges in Mumbai:
|SI.No||Name of College|
|1||SJMSOM IIT Bombay|
|5||KJ Somaiya Institute of Management|
Given below are the top MBA in Banking Colleges in Indore:
|SI.No||Name of College|
Given below are the top MBA in Banking Colleges in Bangalore:
|4||BMS College of Engineering|
Given below are the top MBA in Banking Colleges in Chennai:
|SI.No||Name of College|
|5||Rajalakshmi School of Business|
Given below are the top MBA in Banking Colleges in Kolkata:
|2||Bharatiya Vidya Bhavan Institute of Management Science|
Aspirants have numerous options to pursue MBA in banking in India from top business schools. MBA in banking fees range from INR 3 - 24 Lakhs. The top 5 college fees structure is mentioned here:
|S. No||Colleges||Total Fees Structure (INR)|
|1||IIM, Ahmedabad||23 Lakhs|
|2||IIM, Bengaluru||23 Lakhs|
|3||IIM, Kolkata||23 Lakhs|
|4||IIM, Lucknow||21 Lakhs|
|5||IIM, Kharagpur||19 Lakhs|
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:
Read More: MBA in Banking Syllabus and Subjects
In Banking, MBA is a specialization course focusing on banking activities, management, economics, statistics, finance, accounts, and marketing. In MBA in Banking, students attain an understanding of various banking-related projects. Let us grasp more about "why choose MBA in Banking?" with three simple questions.
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 the 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.
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:
There are numerous private and government banks worldwide, and many divisions are working in 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 in 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 careers and attain leading positions like team lead, project managers, branch managers, directors, and much more.
Read More: MBA in Banking Jobs and Scope
MBA in Banking course is for the aspirants who are desiring 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 the MBA in banking technologies to learn:
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, PPTs, and 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.
Higher studies after the MBA in 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 (PhD) in Banking. List, of course, aspirants can do after MBA in Banking:
According to one's skills and experience, MBA in 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: MBA in Banking Salary
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 job options doubles when a graduate holds a specialization due to the high demand for top companies. Once MBA in Banking graduates is experienced, then their career rewards them with leading positions in top companies. MBA in Banking graduates get placed in many departments like finance, education, banking, airports, transport, hospitality, government, healthcare, and so on. Job roles offered for the graduates of the MBA in Banking course are listed below:
Here is the list of top recruiting companies:
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.
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 skill sets one needs to work on to start their career with an MBA in Banking.
What are the top colleges for MBA in Banking?
Top MBA Colleges for Banking in India include IIM Kozhikode, IMI New Delhi, IMT Ghaziabad, TAPMI Manipal, GIM Goa, SSBF Pune while IIM Ahmedabad, IIM Calcutta, IIM Lucknow, and FMS Delhi.
What is the salary of an MBA in Banking graduate?
The average salary of an MBA in Banking graduate is around INR 5- 10 LPA.
What are the average fees for an MBA Banking course?
The average fee for MBA Banking course are around INR 10 - 20 Lakhs.
What are the job roles after MBA Banking?
There are various job options which MBA Banking graduates can look for. Some of them are: Financial Manager Accounting Manager Financial Analyst Accounting Manager Management Consultant Corporate Controller, etc.
What is the benefit of an MBA in Banking?
Candidates working in the banking sector holding an MBA degree can strengthen their resume and also get the chance to develop in their respective positions.