MBA in Banking and Finance is comprehensive and holistic in nature to fulfill the demand of the banking sector. The two-year postgraduate program lays a strong foundation for the concepts of banking and finance. It is a highly recommended course for the personnel in the banking sector as it can help them boost their career in the future.
What is MBA in banking & finance?
An MBA in Banking & Finance helps in learning about how to check accounts, keep the money for savings, money exchange, and issue loans and credits. The main objective of the program is to make students understand the intricacies of ever-growing competition and the infusion of technology in this sector. The core learning through consultation exploration and research related to Operations Products Instruments Processes etc. It also offers exposure to the handling of the transaction using technology.
Scope of MBA in Banking & Finance
A vast number of career options are available after completing the course. One can easily opt for a job in banking & finance. However, the other sectors also require an MBA in finance and banking to handle their financial transaction and optimize it. Here are some options where one can apply for a job after MBA in banking and finance:
- Banking
- Corporate Finance
- Accounting & Taxation
- Investment Management
- Mergers & Acquisition
- Fund Management
- International Finance
- Insurance Management
- Stock Portfolio Management
An MBA in Banking and finance can draw a good amount of salary from the organization. It is a good career in terms of growth. A participant can expect a salary package between ₹ 10- 20 LPA depending upon the role. However, with the increase in experience, the participant can expect more amount. The top colleges in India offered this program and give the placement opportunity too from their campus themselves.
Eligibility
For admission to the MBA in Banking & Finance, a minimum of 50% is required in the graduation in any discipline. Apart from this, the candidates are required to appear for the aptitude exams such as CAT/MAT/GMAT/XAT. A valid score card for the above exam makes the participant eligible for the course.
However, if the participant is looking for the executive MBA program he/she must have a minimum of 2 years of work experience after graduation.
Admission process
For admission, to the MBA program fill out the online application form available on the official website of the respective college. After the successful recipient of the application, the candidate is called for an interview and group discussion. Finally, the selection is based on the performance in the personal interview and group discussion.
Top MBA colleges in India offering MBA in Banking & Finance
IGNOU
IGNOU is one of the oldest universities in India offering distance MBAs. The university offers two years MBA in Banking and Finance for working professionals. The program is designed keeping in view the ongoing trend in the industry. However, the program is suitable for the fresher too. The minimum duration of the program is 2 years while the maximum time period is 4 years. Click the link to get details: IGNOU
Key Features:
- OPENMAT exam for admission to the course.
- Print study material along with Audio- Visual aid through Doordarshan and radio channels.
- World’s largest repository of books at egyankosh (https://egyankosh.ac.in/) for the students.
- IGNOU-e-Content Mobile App for the easy and comfortable understanding of the students.
- The program consists of 28 courses, 20 from the core course plus 7 from electives and a project.
- The fee for the program is ₹ 58,000/-.
Jain (deemed to be)University, Bangalore
The Jain university online is a prominent university in online education for management. The university offers a two-year degree program in Banking & Finance. Electives in the program give in-depth knowledge of the subject along with its applications in improving business processes and decision-making. Thus the program helps to accelerate one’s career in corporate roles in management. Click the link to apply now: Jain online.
Key Features:
- A deep understanding of the way organizations and financial systems work.
- Evaluation is based on internal assessments, seminars, and reports prepared by the students.
- Career enhancement program to improve soft skills, personality development, and interview techniques.
- Curriculum design as per the industry norm under expert guidance.
- Emphasis is primarily laid on skills and competencies.
- Good placement opportunities after course completion.
- The fee for the course is approx.₹ 1,20,000/-.
NMIMS University, Mumbai
NGA- SCE is a premier institute in India offering career-led education. The university offers a 100% online program. It offers two year MBA program in blended and ODL modes of learning. These programs are designed to help working professionals advance in careers and enhance their employability. Click the link to apply now: NGASCE
key Features:
- The program integrates the principles of banking and finance with the concepts of business operations.
- Choose from live or recorded lectures with access to the e-library, lecture transcript, and a .lot more.
- Focus on core management competencies with case studies and deep knowledge of the elective.
- Learn about the latest trend and its application to the real world.
- Placement assistance with the support of the placement cell.
- The total fee for the course is ₹ 1,44,000/-.
Symbiosis Center for Distance Learning (SCDL), Pune
SCDL is among the top private college offering management courses for working professionals. The postgraduate diploma in Banking and Finance prepares future banking and finance professionals. It incorporates financial and banking skills with a managerial skill set. The program is good for the overall growth of professionals in the same sector. Click the link to apply now: SCDL
Key Features:
- Teaching is a combination of Printed study books, online classroom learning, e-learning, e-mentoring, and faculty interaction.
- online chats and online classrooms to stimulate discussions for clearing doubts.
- Symbiosis World Campus’ – a powerful web portal for assignments, books, messages, and e-monitoring.
- On-demand exam system helps the learner to learn at their own pace.
- Placement assistance is provided to the distance learner.
- The total fee for the course is ₹ 50,000/-.
Prin. L. N. Welingkar Institute of Management
The We School focuses on transforming students and professionals into industry-ready leaders. The institute has campuses in Mumbai and Bangalore. It is considered one of the best distance learning institutes in western India. The We School offers PGDM in Banking, investment, and insurance sectors. The course develops core management skills along with learning from the electives. Click the link to apply now: WeSchool.
key Features:
- Print study material is provided to distance learners.
- On-call query support for clearing doubts.
- A hybrid program is also incorporated with distance learning.
- Virtual sessions, e-learning, industry visits, and workshops are the main components of the hybrid program.
- The fee for the distance learning program is ₹ 1,01,000/- whereas for the hybrid program it is ₹ 1,04,600/-.
The course MBA in banking and finance
The MBA in banking and finance includes the fundamental study of the banking and finance courses. These courses are incorporated with the other management courses to provide a full understanding of the MBA. The different courses in the MBA in banking and finance are:
| Semester I: 1. Principles of Economics and Markets 2. Managerial Effectiveness and Ethics 3. Accounting and Finance 4. Organizational Behavior 5. Human Resources Management 6. Quantitative Techniques and Analytics | Semester II: 1. Principles of Economics and Markets 2. Managerial Effectiveness and Ethics 3. Accounting and Finance 4. Organizational Behavior and Human Resources Management 5. Quantitative Techniques and Analytics |
| Semester III: 1. Principles of Economics and Markets 2. Managerial Effectiveness and Ethics 3. Accounting and Finance 4. Organizational Behavior and Human Resources Management 5. Quantitative Techniques and Analytics | Semester IV: 1. Cyber Crimes and Fraud Management 2. Non-Banking Financial Companies 3. Ethics and Customer Service 4. Retail Banking Products 5. Cross-functional Elective Course 6. Project work |
Apart from this, the courses such as business communication, and foreign language (French, German, Japanese, or Chinese) are included in the course.
MBA in Banking and Finance is an emerging course as most of the activities are going online which requires skilled personnel. These MBAs are in high demand due to the requirement for skilled workers throughout the country. Pursuing such a professional course will help you advance in your career.
College compare is a place where you will get all the relevant information about online courses. If you are looking for such a course you must visit the place once and choose the best course for yourself. We will be happy to help you in your career advancement.
