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

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

Edited By nikhil.verma | Updated on Nov 13, 2023 11:03 AM IST

What is MBA FinTech?

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.

Highlights - MBA FinTech

Particulars

Values

Degree Name

MBA FinTech

Degree Type

Postgraduate

Degree Duration

2 years

Entrance Exams

CAT, CMAT, GMAT, MAT, NMAT, CUCET

Eligibility Criteria

Bachelor’s degree

Admission process

Entrance test

Fees for the entire duration

Rs. 6 lakhs to Rs. 13 lakhs

Average Salary

Rs. 4.89 LPA

Job profiles

Product Managers, Finance Analysts, Financial Advisors, Financial Planners

Top recruiters

Paytm, Zerodha, HDFC, JP Morgan, ICICI

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.

Project Management

Problem-Solving Ability

Business Strategy

Networking

Risk Management

Leadership and Communication

Financial Knowledge

Technical Knowledge

MBA FinTech Syllabus/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.

Semester 1

Financial and Management Accounting

Managerial Economics

Quantitative Methods

Managing People & Organizations

Semester 2

Marketing

Financial Management

Operations Management

Introduction to FinTech

Semester 3

Financial Analytics

Global Financial Markets and Products

Blockchain and Applications

Strategic Management & Business Policy

Semester 4

Elective 1

Elective 2

Project

-

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.

Top Recruiters

Paytm

Zerodha

HDFC

JP Morgan

ICICI

Goldman Sachs

Coverfox.com

HSBC

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.

Job Roles

Average Salary

Product Manager

Rs. 14.26 LPA

Finance Analyst

Rs. 4.89 LPA

Financial Advisor

Rs. 4.64 LPA

Financial Executive

Rs. 5.25 LPA

Financial Planner

Rs. 3.09 LPA

Frequently Asked Question (FAQs)

1. What is an MBA in FinTech?

An MBA in FinTech is a postgraduate programme that combines financial and technological education to prepare students for leadership roles in the financial technology industry.

2. What is MBA Fintech eligibility?

Candidates need a bachelor's degree with a minimum percentage and must pass specified entrance exams.

3. Is an MBA in FinTech worth it?

FinTech is a dynamic and growing field, and professionals with expertise in this area are in high demand. However, turning FinTech into a career primarily relies on candidates' interest and passion for the field.

4. What is the MBA in fintech salary in India?

Salary varies by job role and experience of candidates. For freshers, the salary ranges from around Rs. 3 LPA to Rs. 14 LPA.

5. What is the scope of an MBA in FinTech?

Graduates can work in traditional financial institutions, startups, technology companies, regulatory bodies, and consultancy firms, or even start their own FinTech startups.

6. Is an MBA in FinTech globally relevant?

Yes, the skills and knowledge acquired in an MBA in FinTech are transferable to international markets, making it a globally relevant degree.

7. Can MBA FinTech students pursue a Ph.D. or research career?

Yes, graduates interested in higher studies can pursue a Ph.D. and work as academicians or researchers.

8. What is the MBA in FinTech syllabus?

Core subjects may include financial and management accounting, managerial economics, quantitative methods, marketing, and financial management.

9. What is the fee range for an MBA in FinTech in India?

MBA in FinTech fees can range from Rs. 6 Lakhs to Rs. 13 Lakhs for the entire duration of the programme.

10. What is the role of financial analysts in the FinTech sector?

Financial analysts in the FinTech sector assess the financial health and performance of organisations and provide insights and recommendations to guide their financial decisions.

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Application Date:06 February,2024 - 30 April,2024

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A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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