MBA in FinTech: Course, Syllabus, Fees, Eligibility, Colleges, Exams, Salary

MBA in FinTech (Financial Technology) is a postgraduate-level degree programme that offers a combination of financial technology and traditional business education. It is provided by several private and public universities in India. The MBA FinTech course spans over two years, divided into four semesters, aiming to prepare students for leadership roles in the dynamic field of business and finance. MBA FinTech course not only focuses on financial education but also provides insights into the use of technology to enhance financial services.

The MBA FinTech curriculum combines theoretical and practical education, offering specialised knowledge in financial and management accounting, marketing, strategic management, business policy, as well as blockchain and cryptography. This article will provide details on the scope, fees, colleges, benefits, and careers after an MBA in FinTech.

MBA FinTech Course - Key Highlights

MBA FinTech Eligibility Criteria

The MBA in FinTech eligibility criteria may vary depending on the specific institutions to which candidates wish to apply. However, most colleges have somewhat similar education requirements, typically including a bachelor's degree with related subjects, followed by successfully passing an entrance examination. International students may have different MBA FinTech eligibility criteria, and in some cases, they might be required to take an additional exam or participate in an interview. It is important to note that meeting MBA FinTech eligibility criteria is mandatory for all candidates. Here, we have listed common eligibility criteria followed by most colleges and universities offering FinTech MBA courses.

• Candidates need to have a bachelor’s degree in Management/Commerce/Engineering or another related discipline from a recognised university.

• They need to have a minimum of 55 per cent marks in their respective degrees.

• Candidates must successfully clear the specified entrance examination, which typically includes exams like the CAT, CMAT, GMAT, MAT, and other state or university-level entrance exams.

• Reserved category candidates may be granted a relaxation of five per cent on the minimum marks requirement.

Popular Management Colleges in India

MBA FinTech Admission Procedure

The MBA FinTech admission procedure can vary depending on the affiliation or governing body of the institution. State or central government-funded institutions typically follow a standardised admission process, which includes passing an entrance examination, seat allocation through counselling, document verification, and payment of course fees. However, private institutions may or may not require an entrance examination, and their admission process may vary from one college to another. In general, private institutions often have a more easy admission process compared to government-funded institutions. Here are the common steps involved in the MBA FinTech admission procedure followed by the top management colleges in India.

• Candidates must meet the required eligibility criteria first.

• They need to appear for and pass the required entrance examination.

• Candidates clearing the cutoff can apply for the desired branch by filling out the online counselling.

• Seats will be allotted to candidates based on their preference of college and branch, with candidates scoring high marks given priority first.

• Selected candidates need to provide valid documents and course fees to finalise the seat.

Top MBA FinTech Entrance Exams

To secure admission to MBA FinTech courses at various colleges, candidates are required to appear for entrance examinations specific to each institution. Many top MBA FinTech entrance examinations are considered by colleges in the admission process.

CAT: CAT (Common Admission Test) is the primary entrance exam for MBA FinTech in India. It is conducted annually as a computer-based test and serves as the gateway to prestigious business schools, including the Indian Institutes of Management (IIMs), for admission to various postgraduate management courses.

MAT: The Management Aptitude Test (MAT) is a nationally recognised entrance examination in India designed to evaluate candidates' aptitude for admission to a variety of Master of Business Administration (MBA) and Post Graduate Diploma in Management (PGDM) programmes. MAT is conducted by the All India Management Association (AIMA) and is widely accepted by numerous business schools throughout the country.

GMAT: The Graduate Management Admission Test (GMAT) is widely recognised and accepted by numerous business schools and universities for admission to MBA programmes. It is a popular choice among individuals aiming to pursue advanced degrees in business and management.

CMAT: CMAT (Common Management Admission Test) is a nationally conducted entrance examination administered by the National Testing Agency (NTA) and is recognised by many educational institutions throughout India. CMAT is a computer-based test (CBT) that evaluates candidates' proficiency in quantitative techniques, logical reasoning, language comprehension, and general awareness.

MBA FinTech Cutoff for Top Colleges

The MBA FinTech cutoff is not static and varies annually, depending on factors such as the difficulty level of the exam, the total number of available seats, and the number of applicants. Most colleges consider the cutoff scores of exams like CAT, CMAT, GMAT, MAT, NMAT, and other state or university-level examinations for admission to MBA finance and technology courses. Each year, the cutoff scores are typically higher for general-category students and lower for reserved categories.

Also Read: Fintech Meaning - A Complete Guide

MBA FinTech Skills

Having specific skills is vital for MBA FinTech students. These skills not only aid in a thorough grasp of the course content but also boost their prospects for success in their careers. Let us have a look at these MBA FinTech management skills required by students.

MBA FinTech Syllabus and Subjects

There is no fixed MBA FinTech syllabus as it varies based on the affiliations of colleges, although the curriculum remains consistent across all institutions. Typically, the MBA FinTech curriculum includes theoretical education in the first year and project-based learning in the second year. Core subjects, electives, laboratories, and projects collectively form the MBA FinTech syllabus. In the table below, we have compiled the MBA FinTech subjects taught at BITS Pilani.

MBA FinTech Fees

MBA FinTech fees can vary significantly based on the institutions, their affiliations, and the facilities they offer. Academic and placement records, location, and teaching faculty are other factors influencing MBA FinTech fees. Government-funded institutions typically offer lower fees in comparison to their private counterparts and also provide scholarships under state or central government guidelines. The average MBA FinTech fees for the entire duration range between Rs. 6 lakhs to Rs. 13 lakhs.

MBA in FinTech Scope

Financial technology is a global industry, and professionals with an MBA in FinTech may find opportunities to work in different countries. Graduates can work in traditional financial institutions, startups, technology companies, regulatory bodies, and consultancy firms, or even launch their own FinTech startups and become an entrepreneur. With experience and continued learning, FinTech professionals can advance to executive leadership roles, such as Chief Financial Officer (CFO), and Chief Information Officer (CIO). If candidates are interested in higher studies, they can also pursue a Ph.D and work as an academician or researcher.

Also Read: All About Fintech: Careers, Qualifications, Skills, And More

Career Options after MBA FinTech

After completing an MBA in Financial Technology, candidates have various career options in both the private as well as public sectors. Many FinTech professionals find careers in roles related to banking, investment, insurance, asset management, and payment systems. They might work in product development, risk management, financial analysis, or customer experience improvement. Here are some MBA Fin Tech career options candidates can opt for.

Product Managers: Product managers oversee the development and improvement of financial technology products and services. They also ensure the developed products meet customer needs and regulatory requirements.

Finance Analysts: Finance analysts are professionals who assess the financial health and performance of organisations. They provide insights and recommendations to help guide their financial decisions.

Financial Advisors: Financial advisors provide advisory services to organisations seeking to adopt or optimise FinTech solutions. They can work independently or with consulting firms.

Finance Executives: Finance executives are senior professionals responsible for overseeing the financial management and strategy of an organisation. They play a critical role in ensuring the financial stability and success of a company or institution.

Financial Planners: Financial planners assist individuals and businesses in managing their finances, investments, and financial goals. They incorporate FinTech tools and platforms into their practice.

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Benefits of Studying an MBA in FinTech

MBA in FinTech provides expertise in business, finance, and technology-related subjects, which are highly relevant in today's evolving financial landscape. Online MBA in FinTech equips candidates with the skills and knowledge needed to excel in roles related to financial technology, blockchain, data analytics, and digital banking. Another benefit of an MBA in FinTech is that professionals with expertise in this field often earn high salaries, due to their specialised skills and knowledge.

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MBA FinTech Salary

The post-graduation earning potential of candidates with an MBA in FinTech depends on their skills, knowledge, and individual potential. Graduates from reputable institutions often secure high salary packages, as many top recruiters actively participate in campus placements. Also, the MBA FinTech salary of professionals is influenced by their total work experience, the employing company, job role, and geographical location. The field of Financial Technology offers promising career prospects, and graduates can expect attractive salary packages. Below, we have provided the average MBA Fin Tech salary along with the respective job role.