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Online MBA in Banking Financial Services & Insurance-BFSI
Updated at : June 3, 2024DOWNLOAD E-BOOK
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Universities
5
Duration
2 Years
Eligibility info
Graduation or Equivalent
The Online MBA in Banking, Financial Services, and Insurance (BSFI) is a life-changing educational path for workers who want to do well in the fast-paced and widely connected field of finance. Within the specific setting of the BSFI sector, this specialised postgraduate program covers a wide range of topics, including how banks work, risk management, insurance principles, and strategy management. The program is designed to be flexible and given online so working people can improve their skills without taking time away from their jobs.
This course is designed for freshers and working professionals who wish to excel in banking and finance. Such aspirants must have graduated from recognised universities. 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.
The online MBA BFSI course hones the student's skills, such as effective problem-solving skills, enhanced analytical skills, and improved strategic thinking. BFSI allows students to choose from diverse job roles in their careers. Being a highly demanded MBA specialisation, this course is offered by many top and renowned universities in the regular and online modes of education.
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.
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.
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:
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.
This course offers intensive knowledge to students with different subjects. Below are a few subjects that students will learn in their two years.
General Insurance Management |
Bank Management and Financial Risk Management |
Financial Statement Analysis and Business Evaluation |
Principles and Practices of Insurance |
Financial Services |
ALM and Treasury Management |
Basel Regulations and Risk Management in Banking |
Life Insurance Management |
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 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.
Usually, you don’t need any entrance exam for an online MBA. However, some of the exams conducted for a regular MBA are listed below. There are:
CAT (Common Admission Test) |
KMAT (Karnataka Management Aptitude Test) |
TANCET (Tamil Nadu Common Entrance Test) |
SNAP (Symbiosis National Aptitude Test) |
CMAT (Common Management Admission Test) |
MAT (Management Aptitude Test) |
XAT (Xavier Aptitude Test) |
NMAT (NMIMS Management Aptitude Test) |
PGCET (Postgraduate Common Entrance Test) |
ATMA (AIMS Test for Management Admission) |
GMAT (Graduate Management Admission Test) |
MAH CET (Maharashtra Common Entrance Test) |
Note: Some universities offering online MBA can also ask for a good score in the abovementioned exams. So, check the eligibility requirements of your university carefully.
Below, you can find a list of the popular books which are used in the curriculum of the online MBA in BFSI:
Title |
Author(s) |
"Bank Management and Financial Services" |
Peter S. Rose, Sylvia C. Hudgins |
"Financial Risk Management: Models, History, and Institutions" |
Allan M. Malz |
"Insurance: Concepts & Coverage" |
Marshall Wilson Reavis III, CPCU, ARM, AIM |
"Strategic Financial Management: Exercises and Solutions" |
Robert Alan Hill |
"Global Banking" |
Roy C. Smith, Ingo Walter |
This course has general admission criteria similar to those of most online universities. Mentioned below are the steps candidates need to follow:
The average academic fee for an online MBA - Banking, Financial Services, and Insurance 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 specialised knowledge, strategic insights, and better job opportunities in the BFSI field. You can use College Vidya Compare to determine how much an online MBA in Pharmaceutical management costs at different universities.
Getting an education loan to pay for an Online MBA in Banking, Financial Services, and Insurance (BFSI) can be a smart move for your career. Often, these classes cost money; an education loan can help you pay for them. People can get money for fees, books, and other costs by taking out an education loan. This lets them focus on their studies without worrying about money right away. Also, these loans usually have good terms, like low-interest rates and flexible payment plans.
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.
This popular MBA specialisation 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.
Students taking MBA courses online 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 students can apply for after completing their post-graduation in online MBA - Banking, Financial Services, and Insurance are:
Bank Manager |
Finance Officer |
Insurance Advisor |
Financial Consultant |
Investment Banker |
Top employers actively look for graduates with an online MBA in banking, financial services, and insurance 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.
The average fee for Online MBA Banking, Financial Services, and Insurance ranges between INR 1,00,000 to INR 2,50,000. This fee depends on the university you select for pursuing the course.
Students with an Online MBA Banking, Financial Services, and Insurance degree can work as Bank Manager, Finance Officer, Insurance Advisor, Financial Consultant, and investment Banker. Job options are available in both the government and private sectors.
The 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 the specialisation of Banking, Financial Services, Insurance (BFSI) as being a valid course to be delivered in the fully online mode.
If you want to work in banking, an MBA in Banking, Financial Services, and Insurance (BFSI) is the best degree because it gives you specific information and skills for the financial field.
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