MBA In Banking and Finance: Course Details, Fees, Eligibility, Admission 2024, Syllabus, Entrance Exam, Top Colleges, Career Scope

MBA in Banking and Finance is a two-year postgraduate program offered by many universities in online, regular, and distance modes. It offers a holistic and comprehensive understanding of the financial sector.

As we all know the financial sector is undergoing a rapid change and is growing, and hence this sector requires skilled experts and professionals. 

The basic eligibility criteria to enrol in the MBA Banking and Finance course is that the candidate must have a bachelor’s degree from a recognised university. The candidate must have scored at least 50% marks in the qualifying degree.

Admission to the MBA in banking and finance is done based on the scores of the entrance examination. The candidates scoring well in the entrance examination get shortlisted for the next round of the selection process which is the GD and PI rounds. 

But if you are interested in the MBA in banking and finance and do not wish to appear in the entrance examination, you can enrol directly in the program by taking admission to the Online MBA in banking and finance program. 

Top MBA in Banking and Finance Top Online Universities 

Many universities and institutes offer MBAs in Banking and Finance. You can enrol in the online MBA in Banking and Finance program directly without taking any entrance examination.

The eligibility criteria for each university varies depending on many factors. The students get many facilities in Online mode. The candidates get full flexibility to study from anywhere.

They can submit assignments online and can also take examinations online without any hassle. Here are the universities offering Online MBA in Banking and Finance. 

• Jain University Online
• O.P. Jindal Global University Online
• NMIMS Global Online
• Manipal University Online

T A Pai Management Institute

The average fees of an online MBA in banking and finance range between INR 3,50,000 to INR 8,00,000. After the completion of the program, the candidate can get the chance to work in many industries. After the course completion, you can get a competitive salary as well ranging between INR 10 LPA to INR 18 LPA. 

Other Online MBA Specializations In Trending
MBA Finance Online	MBA HR Online
MBA Marketing Online	MBA General Online
MBA Business Analytics Online	MBA Operations Online
MBA IT Online	MBA Healthcare Online
MBA Data Science Online	MBA Retail Management Online
MBA Project Management Online	MBA International Business Online
MBA Financecial Markets Online	MBA Digital Marketing Online
MBA Hospitality Management Online	MBA Hospital Administration Online
MBA Banking and Insurance Online	MBA Fintech Online
MBA Generative AI Online	MBA Faishon Management Online

Different modes of MBA in banking and Finance 

If you are interested in an MBA in banking and finance and looking to enrol in the program, then there are various modes of study that you can choose from. The candidates can choose from the various modes of study.

Here we have mentioned some of the modes of study of MBA in Banking and Finance:

Mode of study	Description
Executive MBA for Working Professionals	If you are a working professional and have 3 to 5 years of experience, you can enrol in the Executive MBA program. This program offers flexibility to the candidate.
On-Campus MBA	This is a regular mode of MBA program in which the candidate has to dedicatedly devote 2 years to the course. There is no such flexibility in the program.
MBA Online	In Online MBA the candidate is not required to visit the university. All the formalities can be done in online mode. The assignment submission and examination conduction is done in online mode.
Part-time MBA Degree	You can also enrol in a part-time MBA to gain expertise and skills in a particular niche. This program is highly pursued by working professionals.
One-Year MBA program online	You can uplift your career through a one-year MBA. Enrollment in the one-year MBA online program can be done in through the entrance examination or direct admission. The candidate must have a bachelor’s degree and some work experience to enrol in this particular program.

Top Specializations of Online MBA Dual Specialization
MBA Online In Finance and Marketing	MBA Online In Data Science and Analytics
MBA Online In Logistics And Supply Chain	MBA Online In Marketing and HR
MBA Online In Finance and HR	MBA Online In Finance and Leadership
MBA Online Entrepreneurship and Leadership	MBA Online In Business Intelligence And Analytics
MBA Online In Digital Marketing E-commerce	MBA Online In System And Operations
MBA Online In Business Intelligence and AI	MBA Online In Oil and Gas Management
MBA Online In Hospital Administration and Healthcare	MBA Online In Artificial Intelligence and Machine Learning
MBA Online In IT and Fintech	MBA Online In Marketing and Sales
MBA Online In Production and Operations	MBA Online Finance and Accounting

What is an MBA in Banking and Finance?

MBA in Banking and Finance offers an in-depth understanding of finance and accounting. This course is beneficial for people who are interested to study professional accounting course. In this program, the candidates get the idea about the use of accounting statements and financial information that is useful in decision-making. 

The program covers many topics like:

• Financial Accounting
• Risk Management 
• Business Valuation
• Working Capital Management 
• Mergers and acquisitions 

MBA in Banking and Finance: Course Highlights

Duration of the program	2 years
Eligibility Criteria	Graduation in any discipline
Admission Procedure	Entrance-based/Merit-based
Course Fees	INR 3,50,000- INR 8,00,000
Starting Salary Average	INR 10 LPA to INR 18 LPA
Job Roles Offered	Marketing Manager, Marketing Analyst, Accounts Manager, Business Analyst, Corporate Analyst, Equity Research Analyst, Cashier, Investment Banker, and many more.
Top Recruiters	Yes Bank, ICICI, HCL, LAVA, Newgen, Bajaj Alliance, Harman and many more

MBA in Banking and Finance Admission Process 

If you are interested in pursuing an MBA in Banking and Finance you can enrol in the program by following certain steps:

• Step 1: The candidate must apply for the entrance examination online. The candidate can then appear for the entrance examinations like CAT, MAT, XAT, GMAT and others. 
• Step 2: Next the candidates get shortlisted by the universities based on the entrance examination marks for the next rounds of GD and PI. 
• Step 3: Now, the candidate gets the chance to appear for the GD and PI rounds. Based on all three rounds, the candidates get shortlisted for the final selection. 
• Step 4: The selected candidates have to submit the relevant documents for admission to the MBA in banking and finance. 
• Step 5: Next candidates have to make sure to submit the fees of the program. 

Note: The candidates looking for admission to the Online MBA program in banking and finance are not required to take any entrance examination.

 

MBA in Banking and Finance: Eligibility Criteria 

There are certain eligibility criteria that candidates must follow. Here we have listed some of the most important eligibility criteria below.

However, the eligibility criteria vary depending on different universities and institutes:

• The candidate must have passed the graduation or equivalent field in the banking field from a recognised university or institute. 
• The students must also have passed the graduation level with 50% marks or 6 GPA scale. 
• Candidates must also clear the entrance examinations like CAT, MAT, XAT, or others. 

MBA in Banking and Finance Entrance examination

Many entrance examinations are conducted and based on these entrance examination scores the candidates get admission to the top MBA programs.

Here are the major examinations that are conducted for offering admission in MBA colleges:

Exam Name	Registration Date	Exam Date
CAT	August 5 – September 21, 2024	November 26, 2024
ATMA	4th week of December, 2023 – 3rd week of February, 2024	4th week of February 2024
CMAT	2nd week of March 2024 Onwards	1st week of May 2024
XAT	July 15 – November 30, 2024	January 7, 2024
SNAP	August 23 – November 23, 2024	Test 1: December 10, 2024 Test 2: December 17, 2024 Test 3: December 22, 2024
NMAT	August 1 – October 12, 2024	October 10 – December 19, 2024

How to prepare for the MBA banking and finance entrance examination?

The candidates looking to enrol in the top university or institute for a regular mode of MBA in banking and finance are required to take the entrance examination.

The competition is extremely tough in the entrance examination and hence it becomes very important to prepare for the examination with the right strategy. The candidate can enrol in the program only by clearing these entrance examinations.

Here we have given certain tips and tricks that can help you clear the entrance examination:

• Read Newspaper: If you are about to take the MBA entrance examination, then it is a must that you should have the habit of reading a newspaper. Reading newspaper habits can help you get information about the world. You should be well aware of the events happening in and around the world. 
• Practice Mock exam: The candidate should also practice mock tests. This helps in making a strong grip on the topics. 
• Practice PYQ: This is the best resource to practice for the examination. This helps you understand the actual level of the examination. 
• Revision: You should do revisions multiple times. This helps you make your grip on the topics even stronger. 
• Right Guidance: You should start preparing for the examination with the right guidance. Have a strong strategy and then start preparing for the examination. 
• Time Management: Candidates must have the right time management. This helps them clear examination smoothly. 

Who should study MBA in Banking and Finance?

• Candidates with a keen interest in the banking and finance sector can pursue this program. 
• Candidates possessing mathematical skills, diplomacy, logical mind, clear analytical and logical skills and knowledge can pursue this program. 
• Candidates with expertise in solving the accountancy issues can enrol in this program. 
• Candidates with leadership qualities, communication skills, interpersonal skills and the ability to use computer can enrol in this program. 

MBA in Banking and Finance: Syllabus

Here is the syllabus for the MBA in Banking and Finance :

Year I	Year II
Principles of Management and Organizational Behavior	Financial Institutions and Services
Accounting and Finance for Managers	Banking and Insurance Marketing
Managerial Economics	Management Control Systems
Human Resource Management	Commercial Banking and the Role of RBI
Marketing Management	Management of Banking and Insurance Companies
Research Methods for Management	Merchant Banking
Quantitative Techniques for Management	Mutual Fund Management
Operations Management	Strategic Management
Corporate Communication	Business Environment and Ethics

Books for the MBA in Banking and Finance 

Here are the best book sources for the students of the MBA in Banking and Finance:

The Personal MBA: Master the Art of Business	Josh Kaufman, 2010
The Portable MBA in Finance and Accounting	John Leslie Livingstone, 1992
The Intelligent Investor	Benjamin Graham, 1949
Freakonomics	Steven Levitt, 2005
The Portable MBA	Lynn A. Isabella, 2010
How Finance Works: The HBR Guide to Thinking Smart About the Numbers	Mihir A. Desai, 2019
Human Resource Management for MBA and Business Masters	Iain Henderson, 2017
Short Introduction to Corporate Finance	Raghavendra Rau, 2016
Foundations of Strategy	Robert M. Grant, 2012
Never Split the Difference: Negotiating As If Your Life Depended On It	Christopher Voss, 2016
IIM Ahmedabad Business Books: Day to Day Economics	Satish Y. Deodhar, 2012
Financial Management: Theory and Practice (Book Only)	Eugene F. Brigham, 1979
Principles	Ray Dalio, 2017
Why Nations Fail	Daron Acemoglu, 2012
Competitive Strategy: Techniques for Analyzing Industries and Competitors	Michael Porter, 1980
The Essays of Warren Buffett: Lessons for Investors and Managers	Warren Buffett, 1997
Rich Dad Poor Dad	Robert Kiyosaki, 1997
Moneyball: The Art of Winning an Unfair Game	Michael Lewis, 2003
Advanced Accounts - Volume I [Hindi]	2001
The Lean Startup	Eric Ries, 2011
Shoe Dog: A Memoir by the Creator of Nike	Phil Knight, 2016
Thinking, Fast and Slow	Daniel Kahneman, 2011
How to Win Friends and Influence People	Dale Carnegie, 1936
Scaling Up Excellence: Getting to More Without Settling for Less	Robert I. Sutton, 2014
The Hard Thing About Hard Things	Ben Horowitz, 2014
The innovator's dilemma	Clayton Christensen, 1997
MBA Basics in 24 Hours! Book 3 of 8 - Financial Management - Fm: A Simple Handbook of Masters in Business Administration! Book 3 of 8 - Financial Management - Fm	G R Narasimhan, 2017
Macroeconomics for MBAs and Masters of Finance	Morris A. Davis, 2009
The Vest-pocket MBA	Jae Shim, 1986
An Entire MBA in 1 Book: From the Author of the Online Course "An Entire MBA in 1 Course"	Chris Haroun, 2016
MBA in a Book: Mastering Business with Attitude	Joel Kurtzman, 2008
The Franchise MBA: Mastering the 4 Essential Steps to Owning a Franchise	Nick Neonakis, 2013
Too Big to Fail	Andrew Ross Sorkin, 2009
The AI Marketing Canvas: A Five-Stage Road Map to Implementing Artificial Intelligence in Marketing	Jim Lecinski
Zero to One: Notes on Startups, Or How to Build the Future	Peter Thiel, 2014
Predictably Irrational	Dan Ariely, 2008
Outliers	Malcolm Gladwell, 2008

What is an MBA in Banking and Finance for working executives?

MBA in Banking and Finance is a two-year postgraduate program offered by many top universities and institutes. Candidates who are working professionals and have work experience of 3 to 5 years can apply for the Executive MBA in Banking and Finance.

The candidate can enrol in this program to get advanced knowledge about the banking and finance sector. The candidate can enrol in this program along with the job as this course offers complete flexibility to the students.  

MBA in Banking and Finance from IIM

IIMs specifically do not offer MBA in Banking and Finance but some IIMs offer some finance-related courses. You can pursue those programs from IIM after taking the entrance examination.

IIM Calcutta offers an Executive program in Applied Finance (EPAF), IIM Kozhikode offers a Postgraduate program in Finance(PGP-Finance), IIM Calcutta offers an Executive program in Banking and Financial services, and IIM Trichy offers Post graduate certificate programme in Banking and Finance. 

MBA in Banking and Finance Salary and Job Opportunities

If you have the right skillset you can apply for the various jobs available after the MBA in Banking and Finance. You can enrol in the jobs only with the skills and expertise.

Here we have mentioned the top job and career opportunities after an MBA in Banking and Finance: 

• Accounts Manager: After the completion of the MBA in Banking and Finance the candidate can become accounts manager. The candidate can earn a salary range of INR 2.4 lakhs to INR 1.7 lakhs with an average salary of INR 8.8 lakhs. 

Source: Ambition Box

• Marketing Analyst: You can also become a Marketing analyst after the completion of the MBA in Banking and Finance. You can earn a salary range of INR 2 lakhs to INR 14.5 lakhs with an average salary of INR 9.5 lakhs. 

Source: Ambition Box

• Cashier:An MBA in banking and finance also helps you to become a Cashier. You can become a Cashier who can earn INR 0.3 lakhs to INR 4 Lakhs with an average salary of INR 2.2 lakhs. 

Source: Ambition Box

• Marketing Manager: The candidate can also become a marketing manager after completion of the MBA in banking and finance. You can earn a salary ranging between INR 2.3 lakhs to INR 24.9 lakhs with an average salary of INR 12.6 lakhs . 

Source: Ambition Box

• Business Analyst: You can also become a business analyst after completing an MBA in banking and finance. The candidate must have the skills and expertise to take this role. After becoming a business analyst, the candidate can earn between INR 3 lakhs and INR 17 lakhs with an average salary of INR 9.7 lakhs.

Source: Ambition Box

• Equity Research Analyst: You can also become an equity research analyst after completion of the MBA in Banking and Finance. The candidate can earn between INR 2 lakhs to INR 24 lakhs with an average annual salary of INR 10.5 lakhs.

Source: Ambition Box

• Executive Assistant: You can also become an Executive Analyst after completing the MBA in banking and finance. The salary of the executive assistant ranges between INR 1.5 lakhs to INR 11.5 lakhs with an average salary of INR 5 lakhs. 

Source: Ambition Box

• Finance manager: After the completion of the MBA in banking and finance, the candidate can become a finance manager. The salary of the finance manager ranges between INR 3.5 lakhs to INR 32.5 lakhs with an average salary of INR 17 lakhs.

Source: Ambition Box

MBA in Banking and Finance Top Job sectors 

After the completion of the MBA in Banking and Finance, the candidate can work in many industries and sectors.

Here are the top job sectors that one can get into after the completion of the MBA in Banking and Finance: 

• Government banks 
• Private Banks 
• Educational Institutes 
• Banking Sectors
• Finance Departments in Industries 
• BPOs 

MBA in Banking and Finance Top Recruiters

Many companies and organisations offer job and career opportunities to students after the completion of the MBA in the Banking and Finance sector.

Here we have given some of the top recruiters that offer job and career opportunities to the students:

MBA in Banking and Finance Top Recruiters
Goldman Sachs	Morgan Stanley
Boston Consulting Group	Bain and Company
JP Morgan Chase and Co.	McKinsey and Co
Barclays	KPMG
SBI	HDFC

MBA in Banking and Finance: vs MBA in Finance? Which is better?

Both the courses are best at their places. Both the courses have certain similarities.

Here we have given the basic difference between these two:

MBA in Finance	MBA in Banking and Finance
This program focuses on core finance subjects and other allied services.	This program focuses on building management professionals for the banking and finance sector.
This course equips the candidate with the skills related to financial practicals and theory.	This program equips the candidate with the technical and managerial abilities.
This course provides core knowledge about the finance, financial services industry and fintech.	This program offers a holistic and integrative solution towards management in the financial and banking sectors.

Fees of the Universities for MBA in Banking and Finance course

Here are the top MBA in banking and Finance Universities and institutes:

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

List of the top universities and Institutes offering MBA in Banking and Finance

Here are the universities and institutes offering MBA in Banking and Finance:

- Symbiosis Institute of Business Management, Symbiosis International, Pune	- Shanti Business School, Ahmedabad
- Shaheed Sukhdev College of Business Studies, University of Delhi	- S K Somaiya College, Mumbai
- Galgotias University	- Xavier Institute of Management and Research, Mumbai
- Amity University Online	- Rajalakshmi School of Business, Chennai
- Karunya Institute of Technology and Sciences	- Vivekanand Business School, Mumbai
- Lovely Professional University	- Symbiosis College of Arts & Commerce, Pune
- AIMS IBS, Bangalore	- Xavier Institute of Management and Entrepreneurship, Bangalore
- National Institute of Bank Management, Pune	- DSU - Dayananda Sagar University, Bangalore
- Jain Deemed-to-be University, Bangalore	- Chhatrapati Shivaji Maharaj University, Navi Mumbai
- FORE School of Management, Delhi	- JSPM’s Narhe Technical Campus, Pune
- S.P. Jain Institute of Management and Research, Mumbai	- Fortune Institute of International Business, Delhi
- Shoolini University, Solan	- Rajalakshmi Engineering College, Chennai
- Swarrnim Startup and Innovation University, Ahmedabad	- Maharishi University of Information Technology, Noida
- Jindal Global Business School, O.P. Jindal Global University, Sonepat	- Brainware University, Kolkata
- Delhi Technological University, Delhi	- Arka Jain University, Jamshedpur
- Great Lakes Institute of Management, Gurgaon	- IndSearch Institute of Management Studies and Research, Pune
- ABBS School of Management, Bangalore	- Saveetha Engineering College, Chennai
- Sunstone: Geeta University, Panipat	- University of Wollongong, GIFT City Campus, Gandhinagar
- Chandigarh University, Chandigarh	- NMIMS Deemed to be University, Navi Mumbai
- NMIMS, Hyderabad	- H.R. College of Commerce and Economics, Mumbai
- NIT Calicut	- Delhi School of Business, Delhi
- Institute of Public Enterprise, Hyderabad	- Institute of Open and Distance Learning, Chandigarh University, Mohali
- Parul University, Vadodara

Conclusion 

You can enrol in the MBA in Banking and Finance after taking the entrance examination. But if you want to enrol in the program directly, you can enrol in the Online MBA in Banking and Finance program. The online program for an MBA in banking and Finance offers complete flexibility to the students. You can study from the comfort of your home. There will be no need to visit the university for examination and assignment submission.