MBA in Banking & Finance

In this article, we will have an in-depth analysis of MBA in Banking and Finance Management course. It is a 2 years long postgraduate level management course. This article covers details such as – course duration, eligibility, colleges, admission, syllabus, fees, careers and salary.

MBA in Banking and Finance

As we all know, MBA is a general management program. But there also exists some MBA programs, which focus on a particular domain or discipline.

 

Such programs are known as MBA specialization programs. MBA in Banking and Finance is one such specialization course. This management program focuses on domains such as – banking, finance and insurance management.

 

Here’s an overview of MBA in Banking and Finance Management course –

  • Name of the course: MBA in Banking and Finance Management
  • Type of course: Postgraduate level Master’s Degree course
  • Duration: 2 years
  • Eligibility: Completed Bachelor’s Degree course from a recognized University/Institute

 

What’s MBA in Banking and Finance course all about? What’s the course content like? What’s the scope associated with this specialization? You will find answers to these questions in the next section.

 

Let us check out some basic details about MBA in Banking and Finance course. Here they are –

 

Banking and Finance: Basic Details

Banking and Finance are two very dynamic domains. In the past, Banking used to be a fairly simple affair. With time, its complexity has increased. Modern banking is heavily dependent on technology.

 

MBA in Banking and Finance focuses on aspects of banking, finance, insurance, computer application, IT etc. The course trains students and turns them into skilled bank and finance management professionals.

 

The academic program covers the following topics –

  • IT (Information Technology)
  • Computer Application
  • Accounting
  • Economics
  • Banking Operations
  • Treasury Operations
  • Investment Banking
  • Rural Finance
  • Insurance and Loans
  • Risk Management
  • Market Analysis
  • International Banking

 

In India, Banking and Finance sectors are undergoing tremendous change! Thanks to the Digital India initiative, Banks and Financial Institutes are turning Digital!

 

Technology and IT sectors are heavily involved in this makeover of banking sector. In such times, the finance sector needs skilled and dynamic managers, who possess detailed knowledge of banking and finance sector and also have sound technical knowledge!

 

This is when MBA in Banking and Finance course comes handy! This academic program is known to create modern-day bank and finance professionals!

 

Come, let us take a closer look at the course details. Here they are –

 

Course Details

 

Type of course

MBA in Banking and Finance is a postgraduate level management course.

 

Duration

The academic program is 2 years long. Each academic year consists of 2 semesters. Thus the entire academic program consists of 4 semesters.

 

Eligibility

Possess Bachelor’s Degree from a recognized University/Institute.

 

Colleges

There exists many Government and Private colleges across India offering this course. Government colleges charge relatively lower fees than their private counterparts.

 

Admission

Reputed institutes rely on merit based admission process. Such institutes make use of relevant entrance test to select deserving candidates. Some institutes are also known to conduct their own qualifying test in order to select deserving candidates.

 

Some other institutes are also known to conduct direct as well as donation based admission process.

 

Syllabus

Here are some of the important subjects present in MBA in Banking and Finance curriculum –

  • IT (Information Technology)
  • Computer Application
  • Accounting
  • Economics
  • Banking Operations
  • Treasury Operations
  • Investment Banking
  • Rural Finance
  • Insurance and Loans
  • Risk Management
  • Market Analysis
  • International Banking
  • Marketing Management
  • Finance Management
  • HR Management
  • International Finance
  • Wealth Management
  • Corporate Finance
  • Venture Capital and Private Equity
  • Customer Relationship Management
  • Organizational Behaviour
  • Corporate Communication

Fees

Fees charged for the academic program may vary from one institute to another. Course fees depends upon the following factors –

  • Type of institute (Government, Private, Aided etc)
  • Location of the college
  • Status and rating of the college
  • Scholarship status (of student, if applicable)

 

Government colleges are known to charge low fees. Average fees in private colleges could be anywhere between 80-150K INR per semester.

 

Careers and job opportunities

MBA in Banking and Finance graduates have diverse job opportunities available in front of them. They have access to both Government and Private sector jobs. Some of the common recruiters are –

  • Government Banks (SBI, PNB, BoB, Canara Bank etc)
  • Private Sector Banks (HDFC, ICICI, Kotak Mahindra Bank etc)
  • Finance Institutions (Micro-Finance, Gold Loan firms etc)
  • Insurance Companies
  • Consultancies
  • Government Departments

 

In the above mentioned firms, they may don roles such as –

  • Bank Manager
  • Assistant Manager
  • Market Analyst
  • Customer Service Executive
  • Sales Executive
  • Investment Banker
  • Insurance Specialist
  • Loan Officer
  • IT Officer
  • Operations Research Officer

 

In order to get into Government sector banks, one must appear for (and crack) relevant bank entrance exams. IBPS, NABARD and individual banks are known to conduct bank entrance exams each year.

 

Also read: Banking courses in India

CA Course

MBA in HR Management

Management courses in India

 

Salary

Starting salary of a bank or finance management professional depends upon a number of factors. Some of the prominent factors are –

  • Institute from which the candidate completed the course
  • Level of education (UG, PG etc)
  • His/her specialization
  • The domain he/she has chosen
  • Job location

 

On an average, starting salary could be anywhere between 30-60K INR per month. In case of a Government job, the salary will be as per the pay scale and grade.

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