MBA in Banking: Admission, Fees, Course Details

MBA in banking or Master of business administration in banking is a 2 year course. The course is at postgraduate level. The primary aim is to focus on providing requisite managerial skills to the aspiring manager.
MBA in Banking: Admission, Fees, Course Details

MBA in banking

MBA in banking or Master of business administration in banking is a 2 year course. The course is at postgraduate level. The primary aim is to focus on providing requisite managerial skills to the aspiring manager. 

MBA in Finance and Finance has held a significant importance among the top MBA programs offered at the top MBA institutions. The need for Banking, Finance and Insurance Management professionals has increased each year. India is one of the most advanced and fastest major economies of the world, with a the largest and most promising Banking, Finance and Insurance services industry is advancing to fully realize its growth potential. In the process, there has been an increase in need for competent and highly qualified managers with experience of Banking and Finance to function within the challenging BFSI sector.

The MBA in Financial and Financial services program equips future managers with the knowledge required for a an effective career in the financial and banking industries such as mergers and acquisitions, as well as managing your assets for a financial institution or insurance company in a proper way.

MBA Banking Highlights

Course Highlight of Masters of business administration in banking:Show 102550100 entriesSearch:

Course typePost graduate
Duration2 years
Examination TypeSemester wise
EligibilityGraduation in any discipline with minimum 50% marks
Admission processMerit based / Entrance exam
Course FeeINR 2 lakhs – INR 7 lakhs
Average Salary (per month)INR 3 lakhs – INR 10 lakhs
Top Recruiting companiesSBI, RBI, HDFC, ICICI, AXIS, and other banks and finance sectors.
Job PositionMerchant Banking, Asset manager, Investment Banker, Risk manager, Private banking, consultants, Cash manager, Finance director, etc.

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It is the MBA of Banking and Financial Services is a internationally recognized and renowned for creating new ideas in the changing conditions in the Banking and Financial services. Financial planning, controlling and managing finances are the primary areas of expertise for which the industries require MBA for. Banking & Financial services

MBA in banking in india to study Banking and Finance in India, some colleges for mba in banking and finance  include IIM Kozhikode, IMI New Delhi, IMT Ghaziabad, TAPMI Manipal, GIM Goa, SSBF Pune while IIM Ahmedabad, IIM Calcutta, IIM Lucknow, FMS Delhi and FMS Delhi offer Banking and Finance as key options in their Specialization in Finance. Benefits of MBA in banking and finance MBA in Banking and Finance has occupied key value among the most preferred MBA courses in top MBA colleges. The demand for the Banking, Finance and Insurance Management professionals has been rising year after year.

MBA banking and finance subjects –  

  1. Money and Banking.
  2. Financial Risk Management.
  3. Management Control System.
  4. International Finance.
  5. Bank Management.
  6. Fixed Income Markets.
  7. Structured Finance.
  8. Infrastructure and Project Finance.

MBA  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.Show 102550100 entriesSearch:

YEAR IYEAR II
Principles of Management and Organizational BehaviorFinancial Institutions and Services
Managerial EconomicsManagement Control Systems
Accounting and Finance for ManagersBanking and Insurance Marketing
Marketing ManagementManagement of Banking and Insurance Companies
Human Resource ManagementCommercial Banking and Role of RBI
Quantitative Techniques for ManagementMutual Fund Management
Research Methods for ManagementMerchant Banking
Corporate CommunicationBusiness Environment and Ethics
Operations ManagementStrategic Management

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Semester 3Semester 4
International Financial managementCustomer relationship management in banking
Summer Internship evaluation international bankingManagerial competency & career development
Retails assets & rural bankingBanking accounting & audit
Security analysis & portfolio managementRisk management in banking
Management of financial servicesTreasure banking
Strategic managementFinancial engineering
Managing excellence non-credit courseCorporate tax planning
Interpersonal communicationsCross-cultural communication
Project planning appraisal and controlManagement of financial institutions
Leading through teamProfessional excellence

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MBA in banking and finance salary in india According to payscale, the average MBA in Banking and Finance salary in India is Rs. 678,000 per annum. and MBA in Banking and Finance salary increase based on knowledge and Experience.

MBA financial services course is a specialized course designed uniquely for the professionals to take up challenging and leading roles in the industry. Which college is best for MBA in finance in Mumbai?

ROI of MBA in banking and finance colleges in mumbaiShow 102550100 entriesSearch:

Name of CollegeCourse Fee (In INR)
SPJIMR – S.P. Jain Institute of Management and Research17.5 L
SIMSREE – Sydenham Institute of Management Studies Research and Entrepreneurship Education1.34 L
NMIMS SBM Mumbai21.9 L
ICFAI Business School (IBS), Mumbai9.09 L

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which stream is best for banking? Best MBA college for investment banking – Which MBA college is best for investment banking?

Top 5 – Overall Banking Placements as % of Class SizeShow 102550100 entriesSearch:

 MBA Program% of class size
#1NYU Stern School of Business20.60%
#2Cornell Johnson Graduate School of Management16.10%
#3Columbia University – Columbia Business School13.10%
#4The University of Chicago Booth School of Business10.40%

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How can you get through an MBA Bank Entrance test?

  • It is important to build your general knowledge as well as increase your vocabulary since they are challenging topics for students.
  • Skills in time management are the most important factor to passing your test in time. You must be aware of the different sections as well as the amount of questions.
  • Students must develop their reading skills through reading magazines, newspapers and biographies to be sources.
  • Students should have a good understanding of the topic in which they are interested. This is the single important factor to be successful.
  • You should be confident about the topic you’ve selected in 10+2.
  • Students should be aware of the specifics regarding the syllabus for the test, the entry exam length and who conducts it examination level, exam format. These are the fundamental understanding of exams for entrance. Read more: MBA Admission without Exam
  • Find the best institute to help you prepare for the entrance examination. Pick top institutes according to certain aspects like fees of the institution, faculty, geographical area, the number of students as well as the transportation facility.
  • Students are required to take online tests administered by the institute at weekends to assess their performance.

How to Get Admission in a Good College?

  • Students should create an outline of the top universities to research their offerings. A few parameters concern the school the admission process, eligibility the entrance exam, names of entrance exams and location, the location of their entrance exam fees, best recruiting firms, and programs offered by them.
  • Complete all examination registration forms along with the payment prior to the deadline date in order to avoid any discrepancies.
  • Be ready to take the entrance exam administered by the universities and colleges.
  • Students must score high marks in order to gain admission to an accredited college.
  • Get counseling prior to deciding on the college or course.
  • You can score high marks in bachelor’s degree courses.
  • Learn classes to prepare for interviews and exams.

Different Types of Courses on MBA in Banking and Finance in India

In India There are various kinds of MBA Colleges provide MBA with a focus on Banking and Financial Services of different duration and nature, but their coverage areas are similar.

  1. 2-Year Full-Time MBA with Finance and Banking Specializations by IIM similar to IIM Kozhikode
  2. 2-Year Full-Time MBA in Banking and Finance Specialization , or equivalent MBA PGDM offered by B-Schools or Universities like IMI, IMT, TAPMI, GIM Goa
  3. MBA with a Banking and Financial Services Specialization available in a 2-year full-time General MBA/PGDM Programs including IIM Ahmedabad, IIM Calcutta, FMS Delhi
  4. Top Colleges that offer theMBA in Banking Finance and Insurance apart from specialization in Stock Markets and related programs such as MSE, BSE, DSE and NIFM.

Top MBA Colleges for Banking and Finance in India

If you are looking for MBA in Banking and Finance Colleges in India, below are the top management institutes with courses on MBA in Banking and Finance in India   Show 102550100 entriesSearch:

Top Institute offering MBA in Banking, Finance and InsuranceProgramme Name
International Management Institute (IMI) New DelhiPGDM Banking & Financial Services
IMT GhaziabadPGDM Banking & Financial Services
K J Somaiya Institute of Management Studies & Research, MumbaiMBA Financial Services
TAPMI ManipalPGDM – Banking & Financial Services (BKFS)
GOA Institute of Management, GOAPGDM Banking Insurance and Financial Service
BIMTECH, Greater Noida (Delhi NCR)PGDM-Insurance Business Management
National Insurance Academy (NIA) PunePGDM-Insurance and Management
Symbiosis School of Business & Finance (SSBF) PuneMBA Banking and Finance

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MBA in Banking and Finance Admissions

The requirements for eligibility in the application process for MBA for Banking and Finance admissions are based on two main points to consider:

  • The applicant must recent graduate with a minimum of 50 percent or more marks in any discipline.
  • You must be registered and appear at a suitable national/state institute degree MBA entrance test, and pass the test with a good score.

We would like to know the kind of institution offering MBA in Finance and Finance with the programme name and duration.

  1. 2-Year Full Time MBA in Banking and Finance Specialization by IIM

To date, there is no indication that any of the IIMs have announced the two-year Full Time MBA in Banking and Finance Specialization. But, IIM Kozhikode has launched its own and exclusive Finance MBA with Banking and Finance as a key elective. It is the sub-specialization in MBA FinanceShow 102550100 entriesSearch:

IIMs offering MBA in Banking and FinanceProgramme NameDuration & Mode
IIM KozhikodePost Graduate Programme in Finance (PGP Finance) with sub-specialization in Banking & Finance2 Years Full Time; On Campus

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2-Year Full-Time MBA in Banking and Finance or MBA Equivalent PGDM by B-Schools and Universities

Many leading B-schools offer MBA Banking and Finance as a distinct Stand-alone Management Program. The student must apply for this program only while applying for MBA admission. Many of the major MBA universities, including as IMI, IMT, TAPMI, and SSBF, offer specialized MBA programs in Banking and Finance.

To meet the growing demand for MBA Banking and Finance, several MBA Institutions and private PGDM colleges are offering specialty MBA/PGDM programs in addition to their flagship MBA programs. Some of the best MBA universities in the Non-IIM category that provide two years of full-time specialized MBA/PGDM programs are listed below:Show 102550100 entriesSearch:

Universities & B-schools offering MBA/PGDM in FinanceProgramme Name
International Management Institute (IMI) New DelhiPGDM Banking & Financial Services
IMT GhaziabadPGDM Banking & Financial Services
K J Somaiya Institute of Management Studies & Research, MumbaiMBA Financial Services
TAPMI ManipalPGDM – Banking & Financial Services (BKFS)
GOA Institute of Management, GOAPGDM Banking Insurance and Financial Service
Symbiosis School of Business & Finance (SSBF) PuneMBA Banking and Finance

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MBA in Banking and Financial Services Specialization offered within 2-year full time General MBA/PGDM Program

One of the most popular specialties available in the flagship MBA/PGDM programs is banking and finance. MBA Banking and Finance is a specialization offered by IIMs, FMS, XLRI, and MDI, among other prominent MBA institutions, in the second year of their flagship MBA program. The following is a list of the top MBA colleges that offer an MBA Banking Finance Specialization.Show 102550100 entriesSearch:

InstituteProgramme Name
IIM CalcuttaMBA with Specialization in Banking & Finance
IIM AhmedabadPGP with Specialization in Banking & Finance
IIM BangaloreMBA with Specialization in Banking & Finance
XLRI JamshedpurPGDM with Specialization in Banking, Finance
IIM LucknowPGP with Specialization in Banking, Finance
Faculty of Management Studies (FMS) DelhiMBA with Specialization in Banking, Finance
Management Development Institute (MDI) GurgaonPGPM with Specialization in Banking, Finance
XIMB BhubaneshwarMBA with specialization in Banking & Finance
Great Lakes Institute of Management, ChennaiPGP with specialization in Banking & Finance

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Top Colleges that offer MBA programs in Banking, Finance and Insurance in addition to the specialization in Stock Markets and similar programs

Numerous top financial institutions, MBA colleges, Universities such as Delhi University offer MBA/PGDM Banking and Financial Management MBA/PGDM insurance Management programs that come with various names. All of these programs provide students with the necessary skills for banking financial, insurance, and stock market management. The best colleges or institutes that offer these programs are:Show 102550100 entriesSearch:

Sl No.Name of MBA College
1Birla Institute of Management Technology (BIMTECH) Greater Noida – PGDM (IBM)
2National Institute of Bank Management (NIBM), Pune
3National Institute of Financial Management (NIFM), Faridabad
4National Institute of Securities Markets (NISM), New Delhi
5Department of Financial Studies (DFS), Delhi University, Delhi
6National Stock Exchange (NSE) Academy, Mumbai
7Bombay Stock Exchange (BSE) Institute, Mumbai
8National Insurance Academy (NIA), Pune

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Aside from these MBA colleges that offer full time MBA for Finance Management courses, there is a many MBA colleges that offer Part-Time MBA for Banking and Finance Management like SIMSREE Mumbai, BITS Pilani among others.

MBA in banking and finance salary in india

With the rapid growth of the economy of India and banking sector, it is now offering an extensive range of pay for MBAs in the banking. The amount of money offered to skilled graduates is contingent upon the specific job profile, for instance Financial Analysts can earn an annual average of Rs.3,50,000 and Branch Managers can earn an average of Rs.6,00,000 and Relationship Managers can earn an average of Rs.6,30,000.

The typical salary scale for students in this field ranges between Rs.2,50,000 up to Rs.4,50,000 per year, depending on the skills and performance of the individual. In addition, they could see an increase in their earnings due to the growing nature of this sector.

Salary Packages for MBA in Banking and Finance

The starting salary varies depending on experience, research topics, area of specialty, and so forth. In India, the average pay for an MBA in Banking and Finance is INR 3-7 LPA. Other factors that influence compensation include the industry one chooses to work in and the job title. The graduate’s abilities, expertise, and experience all play an important influence in the wage package offered by the company.. 

Below listed are the average pay for the graduates of Banking and Finance in MBA:Show 102550100 entriesSearch:

DesignationSalary
Finance ManagerINR 5.53 LPA
Operations ManagerINR 7.43 LPA
Financial AnalystINR 3.86 LPA

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Jobs after MBA in banking and finance

MBA Banking and Finance scope in India in terms of career opportunities is that it provides a variety of career options across various fields such as market research and banking, education and more that pay an average of INR 3-7 LPA depending on the you choose to do.

Job opportunities after an MBA for Banking and Finance for freshers in the banking sector:

  • Accounts Assistant
  • Investment Assistant
  • Cashier
  • Assistant Business Consultant
  • Junior Finance Manager

Career designations for those who have completed an MBA or BM in Banking and Finance with experience:

  • Operation Manager
  • Branch Manager (Banking)
  • Senior Associate – Investment Banking
  • Senior Business Analyst
  • Research Analyst
  • Business Analyst

MBA in finance vs masters in finance

Here are soome insights and differences of MBA in finance vs masters in finance 

MBA in Banking and Finance Vs MBA Finance

MBA Banking & Finance and MBA in Finance both equip students with the ability to enter the financial industry, including areas like investment banking, corporate finance and the management of wealth.

But the main distinction between these two programs is that MBA in Finance focuses on the finance and related service industry, it aims to fill the vast gaps in industry requirements. It is founded on the theory of finance and practice, with an goal of equipping young students with the knowledge and abilities needed for a successful career within the finance, fintech and financial services industries.

MBA of Banking & Financial Services is specifically designed to meet the increasing demands of professionals in the management field for Banking and Financial Services industry. The program aims on preparing managers who are who are equipped with managerial and technical proficiency. The main goal on the course is the development of an integrated and holistic method of management for the Banking and Financial Services industry.

MBA Banking and Finance: Profiles & Roles Offered

MBA Banking and Finance job opportunities are available in banking and corporate Finance, Accounting & Taxation, Investment Management, Mergers and Acquisition, Fund Management, International Finance, Insurance Management, Stock Portfolio Management among other areas of expertise.

Graduates with an MBA in Finance and Banking can be offered important positions and profiles such as Financial Analyst and Credit Risk Manager Portfolio Manager Treasury Manager, Debt Structuring, Trader Senior Vice President of Finance /Corporate Banking Corporate Finance Manager, among others.

MBA in Banking and Finance: Placements & Career Opportunities

When you have completed the MBA at the level of Banking & Finance, career opportunities are available in the finance, banking accounting, taxation, and areas for asset management, which offer excellent salary packages to financial management MBA graduates. If you’ve completed an MBA with a focus on Banking Finance at an elite MBA college, the median amount of money offered based on the position offered could be up to approximately Rs. 10-20 lakhs annually. After completing an MBA of Banking and Financial Management from a Tier-2 B-schools, there’s plenty of work in firms. The starting salary provided to the MBA for Banking and Finance graduate remains adequate to be Rs.5 up to seven lakhs annually.

MBA Banking Course Comparisons

Course comparison of Master of business administration in Banking and Master of business administration in finance. It can be compared on some parameters like the course, duration, eligibility, admission process, top colleges, average fee, average salary, job roles, and top companies.

MBA Banking vs MBA Finance Show 102550100 entriesSearch:

ParametersMBA bankingMBA finance
Brief explanationMBA banking or Masters of business administration in banking is a 2 year course. The course is at postgraduate level. The primary aim is to focus on providing requisite managerial skills to the aspiring manager.MBA Finance or Masters of Business Administration in Finance is a 2 year course. It deals with different aspects of finance studies and its applications in the setting of business and management. It deals with many management and business subjects along with providing training in the field of financial management.
Duration2 years2 years
EligibilityGraduation with minimum 50% marksGraduation with minimum 50%-60% marks
Admission processEntrance examEntrance exam
Top collegesLovely professional university, NIMS university, Singhania University, etc.Indian Institute of Technology Kharagpur, Indian Institute of Management Kozhikode, National Institute of Industrial Engineering, etc.
Job rolesMerchant Banking, Asset manager, Investment Banker, Risk manager, Private banking, consultants, Cash manager, Finance director, etc.Financial Consultant, Finance Manager, Business Analyst, Accounting Manager, Bank Manager, Corporate Controller, Relationship Manager, etc.
Average feesINR 2 lakhs – INR 7 lakhsINR3 lakhs– INR 8 lakhs
Average salaryINR 3 lakhs – INR 10 lakhsINR 4 lakhs –10 lakhs
Top recruiting organizationAll of the Banking and Finance SectorHSBC, HDFC, ICICI, Genpact, E&Y, Morgan Stanley, Lehman Brothers, BCG, Barclays, etc.

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MBA Banking Scope

  1. After completing an MBA in banking, applicants can apply for private or government jobs in the financial sector. If the individuals are interested in furthering their education, they might apply for PhD programs.
  2. Candidates may become MBA banking professors at schools or universities.
  3. Certifications in risk management assurance, Chartered Financial Analyst,3 Certified Information Systems Auditor, and other courses are available after an MBA in banking.

Conclusion

Banking and finance MBA programs range from standalone to part-of-regular MBA programs, full-time to part-time, and many other alternatives. While all 2-year Full-Time Regular MBA programs provide this concentration in the second year, there are a select notable Institutes that offer Specialized MBA in Banking and Finance from the start.

If you pursue a General MBA at a top B-school, you can pick your specialization at the conclusion of the first year; however, if you enroll in a specialized MBA program, you choose your specialization on day one of the first year. So, before enrolling in an MBA program, consider if you want to choose your concentration after one year of study or whether you want to pursue an MBA in Banking and Finance with no room for change.

Frequently Asked Questions

  1. Does MBA Finance or MBA in Marketing more effective?

The following are the essential skills to be successful in an MBA in Finance.

  • Persons with backgrounds of Commerce background are preferable.
  • Candidates must have knowledge of the stock market
  • Knowledge regarding financial instruments
  • Be able to demonstrate a sharp analytical and problem-solving abilities and be an organized planner as well as a diligent research.
  • Here are the necessary skills to select an an MBA in Marketing.
  • The complete knowledge of strategies for marketing.
  • Understanding of the target consumers.
  • Excellent communication and creative thinking abilities.
  • You must be a seeker of knowledge and a dedicated learner.
  • The question is, which is the better option between both. For this, have a an overview of the abilities needed to choose between the courses that can be weighed in accordance with.

2. Do I have the option of taking one of the MBA in Finance online?

You can obtain an online MBA from these universities:

  • 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

When you choose one of these colleges ensure that you read through the admissions process and other requirements attentively.

3. Are Indian Institutes of Management Ahmedabad provide MBA Finance?

The answer is no. Indian Institute of Management Ahmedabad does not provide MBA Finance. If you’re looking to pursue MBA Finance from any of the IIM and IIMs, then you can search at IIM Kozhikode or IIM Indore.

4. What’s the typical cost for enrollment in MBA Finance?

The cost for studying MBA Finance in India ranges between INR 3-8 LPA.

5. What are the requirements to pursue an MBA Finance?

Any graduate who scores 50 percent marks from an accredited board can apply to the MBA Finance. Students in their final year are also eligible to apply.

6. What’s what is the MBA Finance admission process in India?

Acceptance for MBA Finance is available via applications which are followed by group discussions as well as Personal Interviews.

7. Do you think MBA Finance contain more of the theoretical or accounts part?

It includes subjects such as Organisational Behaviour Quantitative Techniques and Financial Management security Analysis as well as Portfolio Management as well as other subjects. These subjects can be classified as subjects in the Accounting stream.

8. What are the best MBA Finance jobs ? What can I do with an MBA in banking?

There are various job options which MBA Banking graduates can look for. Some of them are -Financial ManagerAccounting ManagerFinancial AnalystAccounting ManagerManagement ConsultantCorporate Controller, etc.

9. Some of the best MBA Finance jobs are

  • Financial Manager
  • Accounting Manager
  • Business Analyst
  • Senior Financial Analyst
  • Vice President of Corporate Finance and many more.

10. Is MBA useful in banking?

Definitely. Candidates working in the banking sector holding the MBA degree can strengthen their resume and also get the chance to develop in their respective positions.

11. What is the salary of MBA in banking?

According to payscale, the average MBA in Banking and Finance salary in India is Rs. 678,000 per annum. and MBA in Banking and Finance salary increase based on knowledge and Experience.

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