MBA in Banking & Finance Management Course, Eligibility, Admission, Syllabus, Subjects, Career Growth
MBA in Banking & Finance: A fully developed BFSI (Banking, Financial Services, and Insurance) sector is a must for an economy to progress. That is why, MBA in Banking & Finance management programme is very crucial. The major subjects covered in the MBA in Banking & Finance syllabus are Banking Operations, Financial Accounting, Services Marketing, Legal Aspects of Banking, Investment Banking, Business Communication, Taxation, etc. As the infusion of technology and expansion of services is resulting in a surge in demand for professionals with requisite qualifications, the MBA in Banking & Finance management programme is aimed to produce smart finance professionals as per the industry’s demand. Now, let’s understand the depth of the sector and more about the MBA in Banking & Finance management programme.
What is MBA in Banking & Finance Management?
An MBA in Banking, Finance, and Insurance combines the study of modern economics with banking and finance. Students who specialise in it are introduced to a broad range of economic subjects, including banking, financial intermediation, asset and liability management, financial decision-making, financial markets and institutions, and accounting.
The MBAs in BFSI usually work according to the product requirement of individuals or groups of people and help them with financial solutions.
MBA in Banking & Finance Management Eligibility Criteria
The MBA banking and finance admission process depends on its eligibility criteria, which vary from one university to another based on student intake, reputation, and ranking. The MBA in Banking admission process is done through a merit list or through a management quota.
Top institutions only admit students through a qualifying quota that calculates cut-off scores using entrance exam scores and undergraduate percentages. Under the management quota, students have to pay a certain amount as the capitation fee for admission.
To be eligible to pursue this course, candidates must have a BBA/ Bachelor's degree in Banking or an equivalent degree from any recognized university.
Apart from this, candidates should get an average of 55% marks or 6 GPA point scale in the bachelor’s degree. The percentage may vary from one college to another.
MBA Colleges By Cities
MBA Colleges By States
MBA in Banking & Finance Management Skills Required
Candidates with mathematical aptitude, diplomacy, clear analysis and knowledge of logical mind and banking system are suitable for this Banking & Finance Management course.
Candidates who are capable of solving accounting problems are also suitable for this course.
Candidates with leadership qualities, interpersonal skills, communication skills, the ability to use computers and related technology, and the capacity to motivate team members are also suitable for this course.
Also Read: MBA (Master of Business Administration)
MBA in Banking & Finance Management Subjects List
The MBA in Banking & Finance Management syllabus includes both theoretical and practical subjects. This post-graduation degree course helps the students to enhance their banking and finance skills.
Listed below are some important theoretical MBA in Banking and Finance subjects:
Roles of RBI
Principles of Management
Mutual Fund Management
The annual weekly syllabus for MBA Banking and Finance is given below. The syllabus may vary from one college to another.
Business Environment and Ethics
Management Control Systems
Accounting and Finance for Managers
Banking and Insurance Marketing
Quantitative Techniques for Management
Mutual Fund Management
Human Resource Management
Commercial Banking and Role of RBI
Research Methods for Management
Management of Banking and Insurance Companies
Principles of Management and Organizational Behavior
Financial Institutions and Services
Popular Colleges in India offering MBA
MBA in Banking & Finance Management Admission
Admissions to this course are based on personal interviews based on merit lists or entrance exams. Most colleges conduct counseling and select students based on their bachelor's degree or merit list prepared by the university.
Popular Entrance Examinations for MBA in Banking & Finance Management
Candidates who have passed the entrance examination conducted by the College are required to appear for a personal interview. Some colleges admit students directly to this course.
Also, Know about MBA in Rural Management
How to apply for this course?
Most colleges are taking their entire admission process online, especially considering the COVID situation. Students should visit the official website of the college and start the application process by giving the required details. Students can go to the college campus and apply offline and submit the required documents.
Top MBA in Banking & Finance Management Colleges in India
Listed below are the best MBA in Banking and Finance Colleges in India according to NIRF ranking;
MBA in Banking & Finance Management Fees
MBA tuition fees in banking and finance programs may vary from college to college. There are different scholarship programs for students who want to pursue this course. General course fees range from Rs 80,000 to Rs 24 lakh.
Xavier Institute of Management (XIMB)
Rs 12.55 Lakhs
Rs 13.8 Lakhs
Rs 19 Lakhs
Rs 23 Lakhs
Rs 23 Lakhs
Rs 13.50 Lakhs
Rs 3.50 Lakhs per year
Rs 2.63 Lakhs per year
Rs 7 Lakhs per year
Rs 2.60 Lakhs per year
Symbiosis School of Banking and Finance
Rs 6.40 Lakhs per year
Rs 85,000 per year
Career Options of MBA in Banking & Finance Management
Finance and banking is an industry with many opportunities and growth. Studying MBA in Banking and Finance in India opens up various career opportunities in the banking and corporate sectors. In addition to job security, banks also offer lucrative salary packages to graduates. In addition to job security, banks also offer lucrative salary packages to graduates.
The experience they have gained working in the banking sector opens up many other job opportunities. Chartered Accountants have a lot of job opportunities in India and abroad. These professionals can also seek employment in various sectors such as in government and private sectors, budget planning, market research, consultancies, public accounting firms, and corporations.
They can work as part-time employees in this field. These professionals can also choose teaching jobs at universities and colleges. Upon completion of the course, graduates may initially enroll as a trainee or accountant. Some common positions where graduates work are:
Equity Research Analyst
Further Study: Candidates who want to pursue a Ph.D. in Banking and Finance can go for further courses. After completing this course, graduates can pursue higher positions and pursue higher careers.
Expected Salary after MBA in Banking & Finance Management
The average salary depends on many factors such as the policies of the companies, the expertise of the person interested in the job, the knowledge about the field and so on. The average salary for an MBA job in banking and finance ranges from Rs 3 lakh to Rs 7 lakh.
Average Annual Salary in Rs
Rs 9 to 10 Lakhs
Rs 1 to 3 Lakhs
Rs 5 to 6 Lakhs
Rs 5 to 6 Lakhs
Rs 5 to 6 Lakhs
Major job positions, their descriptions and average annual salary for each position are given below:
Browse MBA in Banking and Finance Colleges by States
Frequently Asked Question (FAQs) - MBA in Banking & Finance Management Course, Eligibility, Admission, Syllabus, Subjects, Career Growth
Question: When can a candidate pursue a MBA in Banking & Finance programme?
Any candidate who has completed Bachelor's Degree can register to pursue a MBA degree in Banking and Finance Management.
Question: How many career options are available after completing graduation in MBA (Banking and Finance Management)?
MBA graduates have ample of career opportunities after an MBA in Banking & Finance Management programme is complete. Some colleges even offer pre-placement opportunities to MBA students.
Question: What is the MBA in Banking & Finance fee structure in India on an average?
The average MBA in Banking & Finance fee structure in India which candidates need to pay lies between Rs 80,000 to Rs 24 lakh.
Question: Do I need to give any entrance exam for MBA in Banking & Finance Management admission?
Top colleges like DU, SIU, NMIMS, XIMB etc., admit students only on the basis of entrance exam. However, some of the colleges admit students without MBA entrance exams as well.
Question: Which are the best college offering a MBA in Banking & Finance Management in India?
Some of the top colleges offering BBA degree in India are IIM Bangalore, IIM Calcutta, IIM Kozhikode, Xavier School of Management Jamshedpur, etc.,