MBA in Banking and Finance is a 2-year full-time postgraduate banking course offered by various institutes in India. The basic eligibility to pursue this course is that the student should have a qualified bachelors degree in Banking or any equivalent degree with 55% of marks from a recognized university. Check MBA Full Form
MBA in Banking and Finance provides a strong foundation in the Banking and Finance sectors and helps in learning about how to check accounts, keeping the money for savings, money exchange, and issuing loans and credits.
2.1 Eligibility
2.3 Entrance Exams
MBA in Banking and Finance: Course Highlights
Written 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, 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 process for MBA Banking and Finance is similar to all other MBA Specializations
MBA in Banking and Finance: Eligibility
To be eligible to pursue this course, candidates have to pass the BBA/ Bachelor’s degree in Banking or an equivalent degree from any recognized university.
Apart from this, the candidates also need to score 55% of marks on average or 6 GPA point scale in the bachelor’s degree examination. The percentage may vary from one college to another. See: MBA Eligibility
MBA in Banking and Finance Admission Process 2023
Admissions for this course are based on merit-lists or entrance exams followed by the personal interviews. Most of the colleges conduct counseling and select students based on the marks obtained in their Bachelor’s degree or merit-list prepared by the universities.
MBA in Banking and Finance Entrance Exams
Major entrance exams conducted by the reputed colleges and universities are:
| 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 |
Candidates who pass the MBA entrance exam conducted by the college should attend the personal interview. Few colleges directly admit students for this course.
Applying for this course:
Eligible candidates may apply for this course through online or offline modes. Candidates may get an application form and apply for this course through the official website of the respective college. Otherwise, they can directly get the application form from the admission office of the respective college for this course.
What is MBA in Banking and Finance?
MBA in Banking and Finance course provides a strong foundation in accounting and finance particularly. This course is mainly used for those who wish to pursue a professional accountancy qualification or an academic study in related areas after graduation. In this course, candidates will be equipped to use accounting statements and financial information to aid in decision-making.
See: MBA vs PGDM
The course covers major theory and practices related to:
- Financial accounting
- Working capital management
- Risk management
- Business valuation
- Mergers and acquisitions
Who Should study MBA in Banking and Finance?
- Candidates who have an interest in banking and finance and its related areas are suitable for this course.
- Candidates who possess a mathematical aptitude, diplomacy, a clear analytical and logical mind and knowledge of the banking system are also suitable for this course. See: MBA Skills required
- Candidates who have the ability to solve accountancy issues are also suitable for this course.
- Candidates with communication skills, leadership qualities, interpersonal skills, ability to use computers and related technology, and capacity to motivate team members are also suitable for this course.
MBA in Banking and Finance: Top Institutes
Given below are the college names, location and the average structure of the fees which will be taken by the college for this course. Check: Top Colleges for MBA Banking and Finance
| 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
A year-wise syllabus for MBA Banking and Finance is given below. The syllabus may vary from one college to another.
| 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 Banking and Finance has many similarities with MBA Finance. But there are some basic differences. They are explained below:
| MBA in Banking and Finance | MBA Finance |
|---|---|
| Focuses on core finance and allied services | Focuses on making management professionals for Banking and Financial Services industry |
| The program develop professionals who are master of financial theory & application | The program develops management professionals who are equipped with technical and managerial ability |
| Provides skills for career in the core finance, fintech, and financial services industry | They develop a holistic and integrative approach towards management in the Banking and Financial Services industry. |
MBA in Banking and Finance: Jobs and Salary
There are lots of career opportunities in the banking and finance field. Banking and Finance is one of the top career choices made by students in India. There are lots of job opportunities available in India as well as in foreign countries for chartered accountants. These professionals can also seek employment in various sectors such as in market research, government and private sectors, budget planning, public accounting firms, consultancies, and corporations.
They can work as freelancers in this field. Professionals in this career can also opt for teaching jobs in universities and colleges. After completion of their course, graduates can initially join as a trainee or an accountant. Some of the typical positions graduates may work as are:
- Accounts Manager
- Marketing Manager
- Executive Assistant
- Marketing Analyst
- Business Analyst
- Finance Manager
- Cashier
- Equity Research Analyst
- Investment Banker
- Corporate Analyst
Further Study: Candidates who would like to study a Doctorate course in Banking and Finance field can further go for further studies. After completing this course, graduates may get high positions and lead a high career.
Given below are the major job positions, their descriptions, and the Average annual salary for each position:
| Job Position | Job Description | Average Annual Salary In Inr |
|---|---|---|
| Financial Manager | Financial Managers are responsible for reviewing financial reports, monitoring accounts, maintaining reports and preparing activity reports and financial forecasts. They also investigate ways to improve profitability and analyze markets for business opportunities, they are expansion, mergers or acquisitions. | INR 9 to 10 Lacs |
| Accounts Assistant | Accounts Assistants are responsible for providing administrative support to accountants, they undertake clerical tasks such as typing, filing, making phone calls, they handle mail and basic bookkeeping. They help the manager and they may also deal with customers' external agencies. | INR 1 to 3 Lacs |
| Investment Assistant | Investment Assistants are responsible for providing stockbrokers, managers and stock market traders with financial information, banking information and recommendations derived from global investment data. | INR 5 to 6 Lacs |
| Market Analyst | Market Analysts assesses a company's financial records in order to determine whether a business is adhering to federal laws, achieving profitability, and maintaining workplace efficiency. They also monitor a company's asset ledgers, budget, and performance objectives. | INR 5 to 6 Lacs |
| Business Analyst | Business Analysts are responsible for teaching requirements management one of the core skills of business analysts. They may also develop technical solutions to problems, to advance a company's sales efforts, they begin with defining, they analyzing and documenting requirements, eliciting requirements, and requirements organization. | INR 5 to 6 Lacs |
MBA Banking and Finance: FAQs
Ques. Is MBA Finance or MBA in Marketing better?
- Individuals from a Commerce background is preferable.
- Candidate must possess stock market awareness
- Knowledge regarding financial instruments
- Possess apt analytical, problem-solving skills and be a meticulous planner as well as a thorough researcher.
- Following are the skills required to opt for MBA in Marketing-
- Complete knowledge about marketing strategies.
- Understanding of targeted consumers.
- Creative thinking and excellent communication skills.
- Must be a knowledge seeker and a keen learner.
- Now the question arises, which course is better of the two. So, for this have a look on the skills required to opt for both the courses which can be decided accordingly.
Ques. Can I pursue an MBA in Finance course online?
- Amity University
- Venkateshwara Open University
- Don Bosco University
- ITM University
- Jaipur National University
- Pondicherry University
- Karnataka State Open University
- National Institute of Business Management
- Symbiosis Institute of Distance Learning
So, while choosing any of the above mentioned colleges make sure that you go through details regarding admission process and all other prerequisites very carefully.
Ques. Do Indian Institute of Management Ahmedabad offer MBA Finance?
Ques. What is the average cost of admission to MBA Finance?
Ques. What is the eligibility to pursue MBA Finance?
Ques. What is the MBA Finance admission process in India?
Ques. Does MBA Finance contain more of the theoretical part or accounts part?
Ques. What are some of the top MBA Finance jobs ?
- Financial Manager
- Accounting Manager
- Business Analyst
- Senior Financial Analyst
- VP of Corporate Finance, and much more.
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