MBA Banking And Finance Latest Updates
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MBA in Banking and Finance is a 2-year full-time postgraduate management banking course offered by various institutes in India. MBA in Banking and Finance provides a strong foundation in the banking and finance sectors and helps in becoming aware of the process of checking accounts, keeping money for savings, money exchange, and issuing loans and credits.
The basic eligibility criteria required to pursue MBA in Banking and Finance include candidates having qualified their bachelors degree in banking or any equivalent degree with an averge aggregate score of 55% of marks from a recognized university. Admissions to MBA Banking and Finance is done on the basis of MBA Entrance Exams such as CAT, XAT, SNAP and CMAT. The average course fee ranges from INR 3,50,000 – 8,00,000.
After completing a degree in MBA in Banking and Finance, students can make their Career as a Banker. Usually the starting Salary of a Banker ranges between INR 10 LPA – 18 LPA, however, the number can witness gradual hike with experience and updated skills. Read: Types of Bankers
2.1 Eligibility
2.3 Entrance Exams
MBA in Banking and Finance: Course Highlights
| Duration | 2 years |
| Eligibility | Graduation in any subject |
| Admission Process | Merit-based or Entrance-based |
| Course Fee (INR) | 3,50,000 – 8,00,000 |
| Average Starting Salary (INR) | 10 LPA – 18 LPA |
| Job Profiles | Accounts Manager, Marketing Manager, Executive Assistant, Marketing Analyst, Business Analyst, Finance Manager, Cashier, Equity Research Analyst, Investment Banker, Corporate Analyst |
| Top Recruiters | ICICI, YES Bank, State Banks, Indian Bank, Harman, HCL, Newgen, LAVA, Bajaj Alliance |
MBA in Banking and Finance Admission Process
The admission process for MBA Banking and Finance is similar to all other MBA Specializations. Candidates are enrolled on the basis of management entrance exams such as CAT, XAT, SNAP followed by a GD / PI round. Discussed below in detail is the admission process and eligibility criteria to pursue a course in MBA Banking and Finance.
MBA in Banking and Finance: Eligibility
To be eligible to pursue this course, candidates have to clear BBA / Bachelor’s degree in banking or an equivalent degree from any recognized university.
Apart from this, candidates also need to score 50% 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 2024
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 | 4th week of December, 2023 – 3rd week of February, 2024 |
4th week of February 2024 |
| CAT | August 5 – September 21, 2023 | November 26, 2023 |
| CMAT | 2nd week of March 2024 Onwards | 1st week of May 2024 |
| NMAT | August 1 – October 12, 2023 | October 10 – December 19, 2023 |
| SNAP | August 23 – November 23, 2023 |
Test 1: December 10, 2023 Test 2: December 17, 2023 Test 3: December 22, 2023 |
| XAT | July 15 – November 30, 2023 | January 7, 2024 |
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 will majorly benefit 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 |
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 (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. | 11 L – 18 L |
| 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. | 5 L – 6 L |
| 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. | 11 L – 17 L |
| 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. | 8 L – 12 L |
| 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. | 10 L – 15 L |
MBA Banking and Finance: FAQs
Ques. Is it worth pursuing an MBA in Banking and Finance course?
Ans. It is indeed a course worth pursuing. Professionals with banking degrees are in high demand. In addition, the compensation scale that is provided is excellent. The finance and baking professionals are paid well because every significant company needs finance solutions to manage their investments and cash flow.
Ques. What is the salary structure after pursuing an MBA in Banking and Finance?
Ans. For banking professionals pursuing an MBA in Banking and Finance the average salary can range from INR 10 LPA - 15 LPA with substantial years of experience.
Ques. Is an MBA in Finance difficult?
Ans. MBA in Finance courses can be difficult since they frequently include a demanding curriculum that covers a broad range of financial ideas and concepts. Students enrolled in these programmes usually need a solid foundation in economics and mathematics and strong analytical and problem-solving abilities.
Ques. Which MBA Finance specialisation is best for pursuing the course?
Ans. You can enrol in the specialised programme and pursue a full-time MBA in Banking and finance specialisation if you are determined to pursue a career in banking and finance. One should keep in mind that prestigious B-schools, such as IMI, SSBF, IMT, and TAPMI, have separate GD-PI-WAT sessions for applicants for their MBA and PGDM in Banking and Finance programmes.
Ques. What are the eligibility criteria for pursuing an MBA in Banking and Finance?
Ans. Candidates who have pursued a bachelor's degree across any stream preferably commerce with an aggregate score of 50% and above or an equivalent CGPA from a recognised university can pursue an MBA in Banking and Finance.
Ques. What are the course fees for pursuing an MBA in Banking and Finance?
Ans. The average MBA in Banking and Finance course fees range from INR 4.50 LPA - 10 LPA.
Ques. Are there any entrance exams required for pursuing an MBA in Banking and Finance?
Ans. Yes, like any other regular MBA courses, candidates for pursuing an MBA in Banking and Finance must clear any of the following entrance exams such as CAT, XAT, SNAP, MAT and CMAT.
Ques. Which are the top colleges for pursuing an MBA in Banking and Finance?
Ans. Some of the top MBA colleges that enrol students for MBA in Banking and Finance are,
- Symbiosis International University
- MIT World Peace University
- Sharda University
- Symbiosis School of Banking and Finance
- Chitkara University
Ques. Can I pursue an MBA in Banking and Finance online?
Ans. Yes, there are a lot of colleges that enrol students for an MBA in Banking and Finance such as,
- Amity University
- ITM University
- Don Bosco University
- Symbiosis Institute of Distance Learning
- Jaipur National University
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