MBA in Banking & Finance

Last Updated on August 10, 2023 by Vishnu Nambiar

In this article, we will have an in-depth analysis of the MBA in Banking and Finance Management course. It is a 2-year-long postgraduate-level management course. This article covers details such as – course duration, eligibility, colleges, admission, syllabus, fees, careers, and salary.

As we all know, MBA is a general management program. But there also exists some MBA programs, which focus on a particular domain or discipline.

Such programs are known as MBA specialization programs. MBA in Banking and Finance is one such specialization course. This management program focuses on domains such as – banking, finance, and insurance management.

Here’s an overview of the MBA in Banking and Finance Management course –

• Name of the course: MBA in Banking and Finance Management.
• Type of course: Postgraduate level Master’s Degree course.
• Duration: 2 years.
• Eligibility: Completed Bachelor’s Degree course from a recognized University/Institute.

What’s MBA in Banking and Finance course all about? What’s the course content like? What’s the scope associated with this specialization? You will find answers to these questions in the next section.

Let us check out some basic details about MBA in Banking and Finance course.

Banking and Finance: Basic Details

Banking and Finance are two very dynamic domains. In the past, Banking used to be a fairly simple affair. With time, its complexity has increased. Modern banking is heavily dependent on technology.

MBA in Banking and Finance focuses on aspects of banking, finance, insurance, computer application, IT, etc. The course trains students and turns them into skilled bank and finance management professionals.

The academic program covers the following topics –

• IT (Information Technology).
• Computer Application.
• Accounting.
• Economics.
• Banking Operations.
• Treasury Operations.
• Investment Banking.
• Rural Finance.
• Insurance and Loans.
• Risk Management.
• Market Analysis.
• International Banking.

In India, Banking and Finance sectors are undergoing tremendous change! Thanks to the Digital India initiative, Banks and Financial Institutes are turning Digital!

Technology and IT sectors are heavily involved in this makeover of the banking sector. In such times, the finance sector needs skilled and dynamic managers, who possess detailed knowledge of the banking and finance sector and also have sound technical knowledge!

This is when MBA in Banking and Finance course comes in handy! This academic program is known to create modern-day bank and finance professionals!

Come, let us take a closer look at the course details. Here they are –

Admission

Reputed institutes rely on merit-based admission processes. Such institutes make use of relevant entrance tests to select deserving candidates. Some institutes are also known to conduct their own qualifying test in order to select deserving candidates.

Some other institutes are also known to conduct direct as well as donation-based admission processes.

Syllabus

Here are some of the important subjects present in the MBA in Banking and Finance curriculum –

• IT (Information Technology).
• Computer Application.
• Accounting.
• Economics.
• Banking Operations.
• Treasury Operations.
• Investment Banking.
• Rural Finance.
• Insurance and Loans.
• Risk Management.
• Market Analysis.
• International Banking.
• Marketing Management.
• Finance Management.
• HR Management.
• International Finance.
• Wealth Management.
• Corporate Finance.
• Venture Capital and Private Equity.
• Customer Relationship Management.
• Organizational Behaviour.
• Corporate Communication.

Fees

Fees charged for the academic program may vary from one institute to another. Course fees depend upon the following factors –

• Type of institute (Government, Private, Aided, etc)
• Location of the college
• Status and rating of the college
• Scholarship status (of a student, if applicable)

Government colleges are known to charge low fees. Average fees in private colleges could be anywhere between 80-150K INR per semester.

Careers and job opportunities

MBA in Banking and Finance graduates have diverse job opportunities available in front of them. They have access to both Government and Private sector jobs. Some of the common recruiters are –

• Government Banks (SBI, PNB, BoB, Canara Bank, etc).
• Private Sector Banks (HDFC, ICICI, Kotak Mahindra Bank, etc).
• Finance Institutions (Micro-Finance, Gold Loan firms, etc).
• Insurance Companies.
• Consultancies.
• Government Departments.

In the above-mentioned firms, they may don roles such as –

• Bank Manager.
• Assistant Manager.
• Market Analyst.
• Customer Service Executive.
• Sales Executive.
• Investment Banker.
• Insurance Specialist.
• Loan Officer.
• IT Officer.
• Operations Research Officer.

In order to get into Government sector banks, one must appear for (and crack) relevant bank entrance exams. IBPS, NABARD, and individual banks are known to conduct bank entrance exams each year.

Also, read MBA in HR Management.

Salary

Starting salary of a bank or finance management professional depends upon a number of factors. Some of the prominent factors are –

• Institute from which the candidate completed the course.
• Level of education (UG, PG, etc).
• His/her specialization.
• The domain he/she has chosen.
• Job location.

On average, starting salary could be anywhere between 30-60K INR per month. In the case of a Government job, the salary will be as per the pay scale and grade.

Vishnu Nambiar

I am Vishnu Nambiar a career and educational blogger from India. I am also a full time educational consultant having more than 12 years of experience in the educational sector.

I share articles related to courses, colleges, careers, exam tips and more here.