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Overview
MBA In Banking and Finance: MBA in banking and finance is the growing need of the Indian economy. Indian economy requires qualified professionals that can brilliantly manage the ever-increasing requirements of managing finances of a developing country like India. The banking and finance professionals implement innovative banking models to support the growing economy and support small finance banks. The financial support provided by these banks facilitates households to accomplish these dreams. Banks hiring banking professionals look after strategizing the provision of home loans, bank loans to individuals under different circumstances. The Reserve Bank of India (RBI) implements various new measures for the domestic banking industry that provides this industry with great success in the future.
Why MBA In Banking and Finance?
India has 12 public sector banks, 46 foreign banks, 22 private banks, and 56 regional banks. Also, there are 1486 urban cooperative banks and 96000 rural cooperative banks. With such a vast banking system in the nation, it is essential to manage all the tasks efficiently. The management supports the Indian economy and also fosters its growth. The economic indicators suggest how the Indian banking sector is moving for aggressive growth. The rapidly growing businesses are turning towards the banks for credit needs on a massive scale. To meet the demands of businesses credit requirements banking sector is hiring qualified professionals in the banking and finance sector. The MBA in Banking and finance opens up opportunities for candidates to work with top banking organizations.
What is MBA In Banking and Finance?
MBA in Banking and Finance is a 2-year programme where professionals are trained to manage the organizations' finances. Top multinational companies hire experienced MBA in Banking in Finance professionals who look after an organization's expenses and credit requirements. After the professionals are done with their courses in MBA in Finance and Marketing, they are hired in Top organizations to strategize the costs and manage investments. The role of the finance and banking professional is to manage the expenses of an organization. Banks also hire top professionals who look after the organization's requirements of credit.
Types of Course
MBA in Banking and Finance Courses
MBA in Banking and Finance Course details are given below:
| Duration | 2 year |
| Eligibility | Bachelor’s degree with 50% marks and valid scores in any MBA exams of national level. |
| Admission Process | Merit-based as well as Entrance-based |
| Course Fee | INR 10,000 to 10 lakhs |
| Average Salary | INR 3 to 8 Lakhs per annum |
Admission Process
MBA in Banking and Finance Admission Process
MBA in Banking and Finance admission process are divide into four steps:
- Apply for MBA Entrance Exams
- Attend the Entrance Exam
- Shortlisting Process
- Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI)
Eligibility
MBA in Banking and Finance Eligibility
The eligibility criteria for MBA in Banking and Finance are as follows:
| Parameters | Description |
|---|---|
| Minimum Educational Qualification | Graduation |
| Minimum Marks | 50% (General and NC/OBC) |
| Relaxation for Reserved Categories | 45% |
| Age Limit | None |
Admission
MBA in Banking and Finance Admission 2021
MBA in Banking and Finance Admission is divide in three steps which are given below:
- Apply for the Entrance Exams (CAT, CMAT, MAT, SNAP, XAT etc.)
- Appear at Entrance Exams & Pass the Cutoff
- Final Admission Round (Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI))
Subjects
MBA in Banking and Finance Subjects
List of subjects of MBA in Banking and Finance Subjects are as follow:
- Accounting and Finance for Managers
- Banking and Insurance Marketing
- Business Environment and Ethics
- Commercial Banking and Role of RBI
- Corporate Communication
- Financial Institutions and Services
- Human Resource Management
- Management Control Systems
- Management of Banking and Insurance Companies
- Managerial Economics
- Marketing Management
- Merchant Banking
- Mutual Fund Management
- Operations Management
- Principles of Management and Organizational Behavior
- Quantitative Techniques for Management
- Research Methods for Management
- Strategic Management
Colleges in India
MBA in Banking and Finance Colleges in India
The following are the colleges in India that are offered MBA in Banking and Finance:
| College Name | Fees |
|---|---|
| Indian Institute of Management (IIM), Bangalore | INR 23 lakh |
| Indian Institute of Management (IIM), Lucknow | INR 19 lakh |
| Indian Institute of Management (IIM), Kolkata | INR 23 lakh |
| Xavier Institute of Management (XIMB), Bhubaneswar | INR 12.5 lakh |
| Symbiosis School of Banking and Finance, Pune | INR 12.55 lakh |
| Chitkara University, Chandigarh | INR 7 lakh |
| Sharda University, Greater Noida | INR 7 lakh |
Colleges in Abroad
MBA In Banking and Finance Colleges Abroad
MBA in Banking and Finance Abroad is trendy course in Canada, United States, United Kingdom etc. It is 01-02 years course. The following are the colleges in Abroad (Canada, United States, United Kingdom) that are offered MBA in Banking and Finance: .
| College Name | Fees (1st Year) |
|---|---|
| University of Alberta, Canada | INR 15.00 Lakhs |
| Algonquin College, Canada | INR 10.00 Lakhs |
| University of Birmingham, United Kingdom | INR 27.51 Lakhs |
| Coventry University, Coventry, United Kingdom | INR 33.1 Lakhs |
| Stanford University, Stanford, USA | INR 73.9 Lakhs |
| Pace University, New York, USA | INR 55.8 Lakhs |
Scope
MBA In Banking and Finance Scope
After completing their MBA in Banking and Finance, students can bag rewarding career opportunities in the field of banking and finance. Students get a range of options in the banking sector as chartered accountants or in foreign countries as high-level banking professionals. The professionals can look for employment in market research, government and private sectors, public accounting firms, corporations, consultancies, budget planning and more. In India, professionals work as accounts managers, marketing managers, marketing analysts, executive assistants, Finance managers, Casier, Business Analysts, Corporate Analysts, Equity Research Analysts, Cashiers, Business Analysts, Investment Bankers.
Jobs
MBA in Banking and Finance Fresher Jobs
MBA in Banking and Finance fresher can apply fob in the field of Banking and Finance. Some of Job profiles are as follow:-
- Accounts Assistant
- Business Analyst
- Cashier
- Corporate Analyst
- Equity Research Analyst
- Executive Assistant
- Financial Manager
- Investment Assistant
- Investment Banker
- Marketing Analyst
Salary
MBA in Banking and Finance Salary in India
Average Salary of Some Job profiles in the Banking and Finance field are as follow:
| Job profile | Average Salary |
|---|---|
| Accounts Assistant | ₹ 2 Lakhs |
| Business Analyst | ₹ 6 Lakhs |
| Cashier | ₹ 4 Lakhs |
| Corporate Analyst | ₹ 5 Lakhs |
| Equity Research Analyst | ₹ 5 Lakhs |
| Executive Assistant | ₹ 3 Lakhs |
| Financial Manager | ₹ 7 Lakhs |
| Investment Assistant | ₹ 4 Lakhs |
| Investment Banker | ₹ 6 Lakhs |
| Marketing Analyst | ₹ 5 Lakhs |
Frequently Asked Questions (FAQ)
MBA in Banking and Finance FAQs
Ques: What is the Duration of an MBA in Finance and Banking?
The total duration of the course MBA in Finance and Management is two years.
Ques: What are the top B-schools offering MBA in Finance and Banking?
- Don Bosco University
- Jaipur National University
- ITM University
- Karnataka State Open University
- Symbiosis Institute of Distance Learning
Ques: What is the Course Fee of an MBA in Banking and Finance?
The course fee may negotiate from college to college. In India, it deals from INR 3-8 LPA.
Admission 2021
MBA in Banking and Finance Admission 2021
MBA in Banking and Finance Admission is divide in three steps which are given below:
- Apply for the Entrance Exams (CAT, CMAT, MAT, SNAP, XAT etc.)
- Appear at Entrance Exams & Pass the Cutoff
- Final Admission Round (Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI))
Admission Process
MBA in Banking and Finance Admission Process
MBA in Banking and Finance admission process are divide into four steps:
- Apply for MBA Entrance Exams
- Attend the Entrance Exam
- Shortlisting Process
- Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI)
Eligibility
MBA in Banking and Finance Eligibility
The eligibility criteria for MBA in Banking and Finance are as follows:
| Parameters | Description |
|---|---|
| Minimum Educational Qualification | Graduation |
| Minimum Marks | 50% (General and NC/OBC) |
| Relaxation for Reserved Categories | 45% |
| Age Limit | None |
Subjects
MBA in Banking and Finance Subjects
List of subjects of MBA in Banking and Finance Subjects are as follow:
- Accounting and Finance for Managers
- Banking and Insurance Marketing
- Business Environment and Ethics
- Commercial Banking and Role of RBI
- Corporate Communication
- Financial Institutions and Services
- Human Resource Management
- Management Control Systems
- Management of Banking and Insurance Companies
- Managerial Economics
- Marketing Management
- Merchant Banking
- Mutual Fund Management
- Operations Management
- Principles of Management and Organizational Behavior
- Quantitative Techniques for Management
- Research Methods for Management
- Strategic Management
Colleges in India
MBA in Banking and Finance Colleges in India
The following are the colleges in India that are offered MBA in Banking and Finance:
| College Name | Fees |
|---|---|
| Indian Institute of Management (IIM), Bangalore | INR 23 lakh |
| Indian Institute of Management (IIM), Lucknow | INR 19 lakh |
| Indian Institute of Management (IIM), Kolkata | INR 23 lakh |
| Xavier Institute of Management (XIMB), Bhubaneswar | INR 12.5 lakh |
| Symbiosis School of Banking and Finance, Pune | INR 12.55 lakh |
| Chitkara University, Chandigarh | INR 7 lakh |
| Sharda University, Greater Noida | INR 7 lakh |
Colleges in Abroad
MBA In Banking and Finance Colleges Abroad
MBA in Banking and Finance Abroad is trendy course in Canada, United States, United Kingdom etc. It is 01-02 years course. The following are the colleges in Abroad (Canada, United States, United Kingdom) that are offered MBA in Banking and Finance: .
| College Name | Fees (1st Year) |
|---|---|
| University of Alberta, Canada | INR 15.00 Lakhs |
| Algonquin College, Canada | INR 10.00 Lakhs |
| University of Birmingham, United Kingdom | INR 27.51 Lakhs |
| Coventry University, Coventry, United Kingdom | INR 33.1 Lakhs |
| Stanford University, Stanford, USA | INR 73.9 Lakhs |
| Pace University, New York, USA | INR 55.8 Lakhs |
Fresher Jobs
MBA in Banking and Finance Fresher Jobs
MBA in Banking and Finance fresher can apply fob in the field of Banking and Finance. Some of Job profiles are as follow:-
- Accounts Assistant
- Business Analyst
- Cashier
- Corporate Analyst
- Equity Research Analyst
- Executive Assistant
- Financial Manager
- Investment Assistant
- Investment Banker
- Marketing Analyst
Salary
MBA in Banking and Finance Salary in India
Average Salary of Some Job profiles in the Banking and Finance field are as follow:
| Job profile | Average Salary |
|---|---|
| Accounts Assistant | ₹ 2 Lakhs |
| Business Analyst | ₹ 6 Lakhs |
| Cashier | ₹ 4 Lakhs |
| Corporate Analyst | ₹ 5 Lakhs |
| Equity Research Analyst | ₹ 5 Lakhs |
| Executive Assistant | ₹ 3 Lakhs |
| Financial Manager | ₹ 7 Lakhs |
| Investment Assistant | ₹ 4 Lakhs |
| Investment Banker | ₹ 6 Lakhs |
| Marketing Analyst | ₹ 5 Lakhs |
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