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Online MBA in Banking Financial Services & Insurance-BFSI

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Updated at : July 9, 2025

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Online MBA In Banking Financial Services and Insurance

An online MBA in Banking, Financial Services, and Insurance (BFSI) is a 2-year postgraduate program in management taught through online learning tools to give working people a full idea of how the financial sector works. This MBA specialization is designed in a highly industry-relevant way. It has a practically oriented curriculum that helps graduates in this course secure jobs with handsome salaries in prestigious banks and financial institutions. The online MBA in BFSI program covers important topics like how banks work, risk management, insurance basics, and strategic management in the BFSI area.

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No. of Universities

5

Course Duration

2 Years

Eligibility

Graduation or Equivalent

Learning Mode

Online

EMI Facility

Available

Online MBA in Banking Financial Services & Insurance-BFSI Program Overview

The Online MBA in BFSI is a life-changing educational path for those who want to do well in the fast-paced and widely connected field of finance. Within the specific setting of the BFSI sector, this specialized postgraduate program covers a wide range of topics, including how banks work, risk management, insurance principles, and strategy management. This online PG program is designed to be flexible so working people can improve their skills without taking time away from their jobs. 

Since this BFSI course is designed for freshers and working professionals who wish to excel in banking and finance, thus as the primary eligibility a graduate degree from a recognized university is set for this program at all the credible universities. This way, the aspirants of this program get to study at renowned institutions without compromising their current commitments. This 2-year course consists of 4 semesters that deal with different subjects and topics, which help to develop a broader view of the BFSI sector. 

Nowadays, individuals are highly prone to making investments to secure their future, but unfortunately, they end up with a scam due to incomplete knowledge in the field. With an online MBA in BFSI, you not only enhance your career perspectives in the field, but it will also be beneficial for you in the personal space and help you analyze your investment plans more clearly. 

How Lack of Financial Knowledge Affects Investment Decisions Among Millennials?

An online MBA in Banking, Financial Services, and Insurance (BFSI) is a highly pursued course with additional benefits because of the online mode of delivery. One of the major advantages is the affordable fee structure, and the flexible study schedule is just the cherry on top. Being a highly demanded MBA specialization, this course is now offered by many top and renowned universities in an online mode of education, which have a remarkable position in delivering high-quality MBA in BFSI in regular mode. The online MBA BFSI course helps you hone your skills, such as effective problem-solving skills, enhanced analytical skills, and improved strategic thinking. BFSI even allows you to choose from diverse job roles in your career.

Where Will the Online MBA in Banking Financial Services & Insurance Management Course Be In 2050?

The global BFSI security market size was $64.0 billion in 2023 and is expected to grow at a CAGR of 12.9% by 2030. The threats of cyberattacks, including ransomware, data breaches, and others, have increased the requirement for a strong security system in the BFSI sector. This requirement is reflected in the growing demand for professionals who can tackle this situation by implementing strong security measures, and the easiest possible way to take advantage of this opportunity in the BFSI field is through an online MBA course in the same specialization.

Banking, Financial Services, and Insurance (BFSI) Growth Rate

Moreover, the financial services sector is expected to see the fastest growth rate of 14.4% from 2024 to 2030. This is due to the increasing adoption of digital channels and IT-based services in the financial services industry, which has increased the number of cyber attackers breaching these systems. Thus, to secure the digitized BFSI system, professionals with in-depth knowledge in the field are required who can use advanced tools to resolve the issues on the ground level.

Why Online MBA in BFSI?

The Online MBA in Banking, Financial Services, and Insurance (BFSI) is a smart choice for workers who want to do well in the fast-changing world of finance. This unique program goes beyond basic business education by giving students information specific to the BFSI sector. This MBA specialisation ensures that grads deeply understand the banking business by covering topics like banking operations, risk management, insurance principles, and strategic management. 

The online format is good for working people because it gives them flexibility without lowering the standard of education. Also, the focus on global views, integrating technology, and developing leadership skills helps grads get ready to work as leaders in the BFSI sector, manage international financial markets, and make the most of technological advances. So, the school helps people advance in their careers by giving them the skills and information they need to do well in the fast-paced and important fields of banking, financial services, and insurance. 

Who Should Pursue an Online MBA in BFSI?

The Online MBA in BFSI is designed for many workers who want to move up in the fast-paced financial industry. Whether you're a seasoned finance executive or a new college graduate who wants to work in BFSI, this program will give you the specific insights and strategic skills you need to be successful. However, below are some people who can pursue this MBA specialisation: 

  • Finance Professionals
  • Banking Executives
  • Insurance Specialists
  • Financial Analysts
  • Risk Managers
  • Recent Graduates with Finance Background
  • Professionals in Regulatory Compliance
  • Entrepreneurs in Financial Services
  • Career Changers with Financial Interest

When should I do an Online MBA in Banking, Financial Services and Insurance?

The best time for each person to get an online MBA in Banking, Financial Services, and Insurance (BFSI) relies on their job goals and current situation. For new college graduates, instant enrollment after earning a bachelor's degree is a great way to get specific knowledge early in their career. After a few years of work experience, professionals already working in the BFSI sector who want to advance in their careers may carefully apply for the program. This method ensures that information is used and that people learn more about how complicated BFSI is. Whether you are just starting your job or want to move up, the Online MBA in BFSI will help you understand how to manage the changing financial world.

Where Should I Get an Online MBA in Banking Financial Services & Insurance Management Courses?

The online MBA in BFSI course is now being offered at various universities at affordable fee ranges. Here is a list that includes some of them and even addresses their accreditations, which will give you clarity on the credibility of their online degrees.

Top Affordable Universities For Online MBA in Banking Financial Services & Insurance Management Courses

Top Universities for Online MBA in Banking Financial Services & Insurance Management Course

Universities (Online MBA in Banking Financial Services & Insurance Management)

Universities Accreditations

Manipal University Online, Jaipur

UGC | AICTE | NIRF | WES | NAAC A+ | QS World University Rankings

BIMTECH University Online

NIRF | NAAC A+ | AACSB | NBA

Parul University Online

UGC | NIRF | NAAC A++

GLA University Online

UGC | AICTE | AIU | NAAC A+

Key Highlights of Online MBA in Banking Financial Services & Insurance-BFSI In India

  • Online MBA in BFSI is a 2-year postgraduate course delivered in a 100% online format, which is a highly flexible mode of education.
  • This is a UGC-DEB-approved course delivered by many prestigious universities that have a remarkable reputation in regular courses. 
  • To apply for this course, you only need a bachelor's degree from a UGC recognized university. No entrance exam or screening test is required for this course.
  • This course offers intensive knowledge in the BFSI sector through subjects like insurance management, banking management, financial risk management, ALM, and treasury management. 
  • This postgraduate course consists of 4 semesters, with the last semester including a major project.
  • The Online MBA in BFSI has a customized curriculum that changes with the choice of university but covers the very basic topics in the field, like strategic management, risk management, banking operations, and insurance principles. 
  • The online mode of the course helps you improve your skills without taking time away from your job. It was created with working professionals in mind, and thus, given high flexibility that ensures that many workers can access it, promoting diversity in the BFSI sector.
  • The program examines international financial markets, legal frameworks, and how global economic trends affect BFSI. It does this by focusing on global views and preparing graduates for the complicated international financial environment.
  • The program includes the newest developments in financial technology (FinTech) and puts a lot of emphasis on leadership development.

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Online MBA in Banking Financial Services & Insurance-BFSI Course Subjects/Syllabus

In addition to the general management topics, you will study the core of the banking, financial, and insurance fields in the online MBA in BFSI syllabus. Here is a semester-based course list for this program, which will help you gain clarity on the things you will learn in this program.

Online MBA in Banking Financial Services & Insurance Management Course Syllabus

Semester I

Semester II

  • Entrepreneurial Practice
  • Data Visualisation (Excel/Tableau)
  • Financial Accounting
  • Business Communication (WAC)
  • Organizational Behavior
  • Managerial Economics
  • Marketing Management
  • Business Research Methods (R/Python)
  • Business Communication (VAC)
  • Operation Management
  • Financial Management
  • Human Resource Management
  • Management Accounting
  • Legal Aspects of Business

Semester III

Semester IV

  • Strategic Management
  • Bank Management and Financial Risk Management
  • Principles and Practices of Insurance
  • Financial Statement Analysis and Business Valuation
  • Financial Services
  • Term Paper
  • International Business Management
  • ALM and Treasury Management
  • Life Insurance Management
  • Basel Regulations & Risk Management in Banking
  • General Insurance Management
  • Project

*The online MBA in BFSI syllabus is subject to changes based on your choice of the university.

Skills You Will Gain From an Online MBA in Banking Financial Services & Insurance Management Course

  • You will become good at analyzing money, spotting market trends, and making decisions that will help you do well in insurance, banking, and financial services.
  • You will gain the ability to find, evaluate, and reduce financial risks so that BFSI activities are stable and reliable.
  • You will be able to develop and carry out long-term plans to improve operations and ensure long-term success in the fast-paced BFSI sector.
  • The knowledge you have gained about the financial rules and compliance standards will help you while working with legal frameworks in the BFSI business.
  • Your financial understanding will give you the confidence to talk to people clearly to explain complicated financial information, make agreements, and work with a wide range of people in the BFSI field.

Online MBA in Banking Financial Services & Insurance-BFSI Eligibility & Duration

To be eligible to apply to this online course, students need to meet certain basic criteria. The eligibility criteria for this MBA program in BFSI are minimal and basic. Some universities may have their specific additional requirements, but a few basic criteria to meet are: 

  • The candidate should be a graduate and have secured at least 45% to 55% aggregate marks in the qualifying examination.  
  • The candidate should have completed graduation from a recognised university. 
  • Some universities may consider the student's scores in management entrance exams like CAT. 

Duration of the Online MBA in BFSI

The Online MBA - Banking, Financial Services, and Insurance duration is 2 years. In this period of 2 years, there are 4 academic semesters. They are given a maximum period of 4 years to complete the course. This time lets you learn a lot about how banks work, how to handle risks, how insurance works, and how to be a strategic manager in the BFSI field. The program's organised schedule ensures that students fully understand the complexities of the financial services industry while giving working professionals the freedom to balance school with their jobs.

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Program Fees for Online MBA in Banking Financial Services & Insurance-BFSI

Starting at ₹ 6,776/month

Program Fee: ₹60,000 - ₹2,75,000

Low Cost EMI Available

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The average academic fee for an online MBA in BFSI ranges between INR 1,00,000 to INR 3,00,000. The fees may vary according to the university you choose. This all-inclusive fee system covers tuition, study tools, and access to online resources, ensuring students get a well-rounded education. Putting money into this program gives you access to specialized knowledge, strategic insights, and better job opportunities in the BFSI field. To get help with this, you can use College Vidya Compare to determine how much an online MBA in BFSI costs at different universities.

Students Can Pay The Fees Throughout The Payment Cycle:

  • One-time payment option available
  • Allowed to pay semester-wise
  • Annual payments are also allowed
  • EMI options are available

Fee Comparison Between The Top Universities That Offer Online MBA in Banking Financial Services & Insurance Management Courses

Top Universities for Online MBA in Banking Financial Services & Insurance Management Course Fees

List of Universities

Course Fees

Detailed Fee Structure

BIMTECH University Online

INR 2.75 Lakhs

  • Flexible EMIs starting at INR 6,500/month

Manipal University Online, Jaipur

INR 1.75 Lakhs

  • Per Semester Fee: INR 43,750
  • Non-refundable application fee: INR 500

Parul University Online

INR 1.50 Lakhs

  • Per Semester Fee: INR 37,500
  • One Time Full Fee Payment: INR 90,000
  • Annual Fee: INR 55,000

GLA University Online

INR 1.02 Lakhs

  • Registration Fee (One Time): INR 1,000
  • Per Semester Fee: INR 24,000
  • Alumni Fee (Once): INR 1,000
  • Exam Fees (Per Sem.): INR 1,500
  • Total fee when paid semester-wise: INR 1,02,000
  • Total fee when paid annually: INR 96,000

Online MBA in Banking Financial Services & Insurance-BFSI Admission Procedure

This course has general admission criteria similar to those of most online universities. Mentioned below are the steps that you need to follow to complete the admission process: 

  • Go to the university's official website
  • Register as a new user with basic details
  • The required details should be filled in correctly in the application form
  • Upload documents like proof of identity, Aadhar card, photograph, Class 10 Marksheet, Class 12 Marksheet, and Graduation Marksheet
  • Pay the registration/application fees as mentioned on the university website or as specified by the counselor
  • After verification of the application, the university will inform you about your admission status
 
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Other Specializations for Online MBA in 2025

Education Loan/EMI Facilities for Online MBA in Banking Financial Services & Insurance-BFSI

Getting an education loan to pay for an Online MBA in BFSI would be a smart move for your career. Often, these courses cost you money, which makes you step back from pursuing them. An education loan can help you pay for them. With this, you can get help with the payments of fees, books, and other costs. This lets you focus on your studies without worrying about money right away. Also, these loans usually have good terms, like low-interest rates and flexible payment plans.

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Is Online MBA in Banking Financial Services & Insurance-BFSI Worth it?

Yes, workers who want to do well in the fast-paced finance world should invest in an Online MBA in Banking, Financial Services, and Insurance (BFSI). The program's unique coursework gives students a deep understanding of how banks work, how to handle risks, and how insurance works, giving them a complete picture of the BFSI sector. Working workers can improve their skills without taking time away from their jobs thanks to the freedom of online learning. With a focus on global views, integrating technology, and developing leaders, grads are well-equipped to handle the complicated world of international finance. 

Top 10 Cities With Highest Annual Growth For BFSI Jobs (March 2024 Vs March 2025)

This popular MBA specialization helps people move up in their careers by giving them the tools they need to take on leadership roles, bring new ideas to BFSI businesses, and have a real effect on the financial industry. The school is even more valuable because it allows students to network, has a broad group of students, and lets them use financial technology. A Bachelor of Business Administration (MBA) in the BFSI field shows that you are dedicated to staying ahead in a world that is always changing. This makes it an excellent choice for people who want to do well in the banking, financial services, and insurance industries.

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Job Opportunity after Online MBA in Banking Financial Services & Insurance-BFSI

Candidates taking MBA courses online in BFSI specialization can apply to several private and government job sectors in the banking and financial domain. Being a fast-evolving and expanding sector, there are vast job options and roles to explore in this field. Some of the diverse job roles that you can apply for after completing this post-graduation in online MBA in BFSI are:

Job Roles 

Average Salary Package

Finance Executive 

INR 5 - 8 LPA

Finance Officer

INR 7 - 12 LPA

Financial Consultant

INR 9.5 - 12.5 LPA

Insurance Advisor

INR 8 - 11 LPA

Bank Manager

INR 12 - 15 LPA

Investment Banker

INR 11 - 14 LPA

Financial Researcher

INR 10 - 12 LPA

Senior Auditor

INR 9 - 11 LPA

MIS Executive 

INR 6 - 9 LPA

The salaries mentioned above are as per Naukari.com.

Top Recruiters for Online MBA in Banking Financial Services & Insurance-BFSI

Top employers actively look for graduates with an online MBA in BFSI because they know the program is good at giving workers strategic insights. This talent pool is regularly hired by well-known financial institutions, banking giants, insurance companies, and consulting firms. This shows that the program is successful at preparing candidates for success in the BFSI industry.

Top Companies That Hire Online MBA Banking Financial Services & Insurance Management Graduates

Average Annual Salary Packages

Ascentrik Research Services

INR 5 - 8 Lakhs

Bureau Veritas Consumer Products Services

INR 7 - 12 Lakhs

Accenture

INR 9.5 - 12.5 Lakhs

Pearson

INR 8 - 11 Lakhs

EY

INR 12 - 15 Lakhs

EXL

INR 11 - 14 Lakhs

Rosso Brunello & Da Milano

INR 10 - 12 Lakhs

Paytm

INR 9 - 11 Lakhs

Synmac Consultants Pvt. Ltd.

INR 6 - 9 Lakhs

The salary packages given are sourced from Ambitionbox.com.

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Let's clear up some doubts about Online MBA in Banking Financial Services & Insurance-BFSI

The average fee for an Online MBA in BFSI ranges between INR 1 to INR 3 Lakhs. The exact fee depends on the university you select for pursuing the course.

Students with an Online MBA in BFSI degree can work as a Bank Manager, Finance Officer, Insurance Advisor, Financial Consultant, and Investment Banker. Job options are available in both the government and private sectors.

The Online MBA in BFSI course has a duration of 2 years, divided into 4 semesters. The maximum course duration is 4 years.

Yes, UGC-DEB has approved an online MBA in BFSI as a valid course to be delivered in a fully online mode.

Yes, if you want to work in banking, an MBA in BFSI is the best degree because it gives you specific information and skills for the financial field.

Yes, getting an online MBA in BFSI is very helpful. It gives you expert knowledge in banking operations, risk management, and financial strategies, which can help you get better job opportunities in the finance field.

An online MBA in BFSI  is a specialised program that teaches you Bank Management and Financial Risk Management, Financial Statement Analysis and Business Valuation, Principles and Practices of Insurance, and many other topics related to the BFSI sector.

Pay for an online MBA in BFSI graduates varies based on their job roles and the amount of experience. At an entry-level job position, it ranges between INR 6 to 8 lakhs a year, which shows a high ROI for this course.

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