MBA in Banking & Financial Services; Eligibility, Syllabus, Admission Process
Explore the dynamic world of an MBA in Banking & Financial Services. Discover the career opportunities, curriculum insights, and industry relevance of this specialized program. Elevate your financial career today.
Anil Solonki29 Aug, 2024
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MBA in Banking: The MBA program in Banking and Finance, offered by multiple institutes in India, spans a duration of two years and is designed for postgraduate students. To be eligible for this course, applicants must hold a bachelor's degree in Banking or an equivalent field, with a minimum of 55% marks, from a recognized university.
This specialized MBA program in Banking and Finance establishes a robust groundwork in the banking and financial sectors, imparting knowledge about account management, savings practices, currency exchange, and the issuance of loans and credits.MBA in Banking and Finance Course Highlights
Below are some of the major highlights of the course:| Course Level | Postgraduate |
| Duration | 2 years |
| Examination Type | Semester type |
| Eligibility | Bachelor’s degree |
| Admission Process | Merit-based or entrance-based |
| Top recruiting organizations | ICICI, YES Bank, State Banks, Indian Bank, Harman, HCL, Newgen, LAVA, Bajaj Alliance |
| Top recruiting areas | Private banks, government banks, educational institutes, BPOs, banking sectors, finance departments in industries, stock exchanges |
| Top job profiles | Accounts Manager, Marketing Manager, Executive Assistant, Marketing Analyst, Business Analyst, Finance Manager, Cashier, Equity Research Analyst, Investment Banker, and Corporate Analyst |
| Course Fee | INR 10,000 to 5 lacs |
| Average Starting Salary | INR 3 to 7 lacs per annum |
MBA in Banking and Finance Admission Process
The admission procedure for MBA Banking and Finance closely resembles that of all other MBA specializations.MBA in Banking and Finance: Eligibility
To qualify for this program, applicants must have successfully completed a BBA (bachelor's degree) in banking or an equivalent qualification from an accredited university. Additionally, candidates should have achieved a minimum average score of 55% or a GPA of 6 on a grading scale in their undergraduate degree. It's worth noting that the specific percentage requirement may differ from one college to another.MBA in Banking and Finance Admission Process 2023
Admission to this program relies on either merit lists or entrance examinations, followed by personal interviews. The majority of colleges conduct counseling sessions and make student selections based on the grades achieved in their bachelor's degree or merit lists created by the universities.MBA in Banking and Finance Entrance Exams
Prominent colleges and universities administer significant entrance examinations, including:| Exam Name | Registration Date | Exam Date |
| ATMA | December 24, 2022–February 17, 2023 | February 25, 2023 (February session) May 28, 2023 (May session) July 23, 2023 (July session) |
| CAT | To be announced | To be announced |
| CMAT | December 26, 2022–February 25, 2023 | March 26, 2023 |
| GMAT | Throughout the year, | Throughout the year, |
| MAT | To be announced | To be announced |
| NMAT | To be announced | To be announced |
| SNAP | To be announced | To be announced |
| XAT | August 10, 2022–December 12, 2022 | January 8, 2023 |
What is an MBA in Banking and Finance?
The MBA program specializing in Banking and Finance establishes a robust footing, especially in the domains of accounting and finance. It primarily caters to individuals aspiring to pursue either a professional accountancy qualification or further academic study in related fields post-graduation. Throughout this program, participants will gain proficiency in utilizing financial statements and data to inform decision-making. The curriculum encompasses core theories and practices related to:- Financial accounting
- Management of working capital
- Risk management
- Business valuation
- Mergers and acquisitions
Who Should study MBA in Banking and Finance?
This course is well-suited for individuals who have a keen interest in banking and finance and its associated fields. Additionally, candidates with a knack for mathematics, diplomacy, strong analytical and logical thinking, and a good grasp of the banking system are also ideal candidates. Furthermore, those with the capability to resolve accounting challenges and possessing skills in communication, leadership, interpersonal relationships, computer usage, and technology, as well as the ability to inspire and lead teams, are also well-suited for this program. MBA in Banking and Finance Top Institutes Listed below are the names of the colleges, their respective locations, and the typical fee structures for this course.| College Name | Average Annual Fee |
| PIBM Pune | INR 7,50,000 |
| MIT World Peace University | INR 3,50,000 |
| Alliance University | INR 7,00,000 |
| Chitkara University | INR 2,63,000 |
| Jayoti Vidyapeeth Women’s University | INR 90,000 |
| Maharishi University of Information Technology | INR 80,000 |
| Symbiosis International University | INR 8,73,000 |
| Sharda University | INR 2,60,000 |
| Suresh Gyan Vihar University | INR 2,10,000 |
| Symbiosis School of Banking and Finance | INR 6,40,000 |
| Ganpat University | INR 85,000 |
| Alliance School of Business | INR 13,50,000 |
MBA in Banking and Finance Syllabus
Below, you'll find a syllabus outlined on a yearly basis for MBA in Banking and Finance. Please note that the syllabus might differ between colleges.| YEAR I | YEAR II |
| Principles of Management and Organizational Behavior | Financial Institutions and Services |
| Managerial Economics | Management Control Systems |
| Accounting and Finance for Managers | Banking and Insurance Marketing |
| Marketing Management | Management of Banking and Insurance Companies |
| Human Resource Management | Commercial Banking and Role of RBI |
| Quantitative Techniques for Management | Mutual Fund Management |
| Research Methods for Management | Merchant Banking |
| Corporate Communication | Business Environment and Ethics |
| Operations Management | Strategic Management |
MBA in Banking and Finance vs MBA Finance
MBA in Banking and Finance shares several commonalities with MBA Finance; however, there are fundamental distinctions between the two, which are elucidated as follows:| MBA in Banking and Finance | MBA Finance |
| Focuses on core finance and allied services | Focuses on making management professionals for the banking and financial services industry. |
| The program develops professionals who are masters of financial theory and application. | The program develops management professionals who are equipped with technical and managerial abilities. |
| Provides skills for a career in the core finance, fintech, and financial services industries. | They develop a holistic and integrative approach to management in the banking and financial services industry. |
MBA in Banking and Finance: Jobs and Salary
Numerous career prospects abound in the realms of banking and finance, which happen to be two of the most preferred career avenues among students in India. The job opportunities extend both within India and overseas, particularly for chartered accountants. These skilled professionals can explore diverse employment options across various sectors, including market research, government and private entities, budgetary planning, public accounting firms, consultancies, and corporations.- Furthermore, they have the flexibility to work independently as freelancers in this domain. Those pursuing this career path can also consider teaching positions in universities and colleges. Upon completing their program, graduates typically commence their journey as trainees or accountants. Some of the common roles that graduates may assume include:
- Accounts Manager
- Marketing Manager
- Executive Assistant
- Marketing Analyst
- Business Analyst
- Finance Manager
- Cashier
- Equity Research Analyst
- Investment Banker
- Corporate Analyst
Also Read: MBA in International Business
Listed below are the primary job roles, their respective job descriptions, and the typical yearly income associated with each position:| Job Position | Job Description | Average Annual Salary in India |
| Financial Manager | Financial managers oversee the examination of financial records, supervision of accounts, report maintenance, and the creation of activity reports and financial predictions. They also explore avenues to enhance profitability and evaluate markets for potential business opportunities, be it expansion, mergers, or acquisitions. | INR 9 to 10 lacs |
| Accounts Assistant | Accounts assistants play a role in offering administrative assistance to accountants, engaging in clerical duties like typing, filing, phone communication, mail handling, and basic bookkeeping. They assist the manager and may also engage with external customers or agencies. | INR 1 to 3 Lacs |
| Investment Assistant | Investment assistants have the responsibility of furnishing stockbrokers, managers, and stock market traders with financial data, banking insights, and suggestions derived from worldwide investment statistics. | INR 5 to 6 Lacs |
| Market Analyst | Market analysts evaluate a company's financial documentation to ascertain its compliance with federal regulations, its ability to generate profits, and its efficiency in maintaining workplace operations. Additionally, they oversee the company's asset records, financial plans, and performance goals. | INR 5 to 6 Lacs |
| Business Analyst | Business analysts play a crucial role in imparting requirements management, a fundamental skill in their field. Additionally, they may work on crafting technical resolutions for issues. To enhance a company's sales initiatives, they initiate the process by outlining, examining, and recording requirements, extracting these requirements, and structuring them systematically. | INR 5 to 6 Lacs |
MBA in Banking & Financial Services FAQs
Q1. What is an MBA in Banking & Financial Services? Answer : An MBA in Banking & Financial Services is a specialized business program designed to equip individuals with advanced knowledge and skills in finance, banking operations, and financial management. Q2. What are the career prospects after completing an MBA in Banking & Financial Services? Answer : Graduates can pursue various roles in banking, finance, investment, risk management, and financial analysis, including positions like financial analyst, investment banker, financial manager, and more. Q3. Are there specific entrance exams for MBA Banking & Financial Services programs? Answer : Many MBA programs require students to clear common MBA entrance exams like CAT, XAT, GMAT, or GRE, along with potential interviews and group discussions. Q4. How long does it typically take to complete an MBA in Banking & Financial Services? Answer : The duration of an MBA in Banking & Financial Services program is usually two years for a full-time course, but it can vary depending on the institution and program format. Q5. What skills are important for success in the banking and financial sector with an MBA in Banking & Financial Services? Answer : Key skills include financial analysis, risk assessment, strategic planning, and a strong understanding of financial markets, as well as effective communication and leadership abilities.🔥 Trending Blogs
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