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Online MBA in Banking and Finance: Course, Syllabus, Eligibility, Admission, Colleges, Fees, Career

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Online MBA in Banking and Finance: Course, Syllabus, Eligibility, Admission, Colleges, Fees, Career

Edited By Vivek Kumar | Updated on Jan 31, 2024 10:46 AM IST

Online MBA in Banking and Finance is a two-year degree programme. It provides students with a comprehensive understanding of banking and financial management. Several colleges in India offer MBA in Banking and Finance online course. To pursue an online MBA in this field, candidates must meet the eligibility criteria for their chosen university/ college.

Admission to an online MBA Banking and Finance course is done based on merit. Some universities also take candidates based on entrance exams like CAT, XAT, and MAT. The fees of the course may go up to Rs. 200,000. Read on the article to get more details such as eligibility criteria, admission process, syllabus, top colleges, and more.

Highlights – Online MBA in Banking and Finance

Particulars
Details

Course Name

Online MBA in Banking and Finance

Course Level

Postgraduate

Course Duration

2 Years

Eligibility Criteria

Bachelor’s Degree

Admission Process

Merit and Entrance Examination

Course Fee

Rs. 160,000 - Rs. 600,000

Career Prospects

Financial Analyst, Investment Banker, Credit Risk Analyst, Wealth Manager, Financial Risk Manager, Budget Analyst

Employment Areas

Banking and Insurance, Investment Banking, Wealth Management, FinTech, Financial Consultancy


Also Read: Top Business Schools for Online MBA Courses in India

Online MBA in Banking and Finance Overview

Master of Business Administration (MBA) in Banking and Finance is a postgraduate degree programme. It provides a strong foundation in concepts like money management, fraud management, loan management, money laundering, and more. It enables students to integrate management practices and theories with principles of marketing, accounting, finance, and economics to solve business problems.

An MBA in Banking and Finance online course is structured across four semesters, covering a set of core and specialised subjects. It also consists of a project or dissertation which students are required to submit during their fourth semester.

This online MBA course is delivered in complete virtual mode using various digital tools.

Students can attend online MBA Banking and Finance classes via live audio-video lectures. They can also access pre-recorded lectures available on the Learning Management System (LMS). Pursuing this online MBA programme opens numerous opportunities in the baking and financial services industry, which include bank manager, portfolio manager, budget analyst, and more.

Also Read: How to Choose the Right Online MBA Colleges in India

Why Study Online MBA in Banking and Finance?

Pursuing an online MBA in Banking and Finance can equip students with every aspect of these fields while opening several doors to lucrative prospects. It also

offers various benefits to individuals looking for a career in the financial industry. Some of the reasons why one should study an online MBA Banking and Finance course are mentioned below:

Specialised Knowledge: With an online MBA in Banking and Finance, students will gain in-depth knowledge and skills tailored to the financial sector. It will provide you with an understanding of financial markets, banking operations, risk management, and other relevant topics.

Flexibility: An online MBA in Banking and Finance programme offers flexibility, allowing working professionals to complete their studies without disrupting their professional commitments.

Career Advancement: Having a master's degree in banking and finance will help one to get into senior and executive-level positions in financial institutions, investment firms, banks, and other related organisations.

Networking Opportunities: An online MBA Banking and Finance course will help one to build a strong network with professionals from diverse backgrounds. This can lead to job opportunities, partnerships, and connections throughout one’s career.

Global Perspective: With this online MBA programme, students can gain a global perspective. This will expose them to international business practices and financial markets.

These are some of the reasons which are essential for choosing an accredited programme that aligns with your career goals. An online MBA in Banking and Finance will complement your practical knowledge through projects and internships.

Also Read: Top 1-Year Online MBA Programs to Pursue

Who Can Pursue Online MBA in Banking and Finance?

Individuals who are in financial services or interested in making a career transition into this field can enroll in an online master's degree in banking and finance. Graduates from recognized universities with a minimum of 50% marks and individuals with at least 1 year of relevant work experience are eligible to take this course.

An online MBA Banking and Finance course is also suited for:

  • Early-career professionals who are seeking a career in banking and financial management
  • Mid to senior-level managers and Business leaders in the banking and financial services sector
  • Risk management consultants
  • Finance professionals

Online MBA in Banking and Finance Eligibility Criteria

The eligibility criteria for the online master's degree in banking and finance may vary from one institution to another. As every institute has its own requirements, the minimum eligibility criteria is a bachelor’s degree. The online MBA in Banking and Finance eligibility criteria are discussed below:

Educational Qualification

  • Candidates must have completed a bachelor’s degree in a relevant discipline from a recognized university.

  • They should have scored a minimum mark of 50% (45% for reserved categories) in the qualifying examination.

Aptitude test

  • Some institutes take candidates based on scores obtained in an entrance examination as part of their application process. Some of the popular entrance exams include CAT/ MAT/ CMAT/ XAT/ GMAT.

Work Experience

  • A minimum of 1 year of working experience in a relevant domain can be an added advantage.

Age

  • There is no age bar to enroll in the online MBA Banking and Finance degree.

Resource Links for Online MBA

Online MBA in Banking and Finance Admission

Individuals who meet the eligibility criteria set by the respective colleges and universities can proceed with the admission process. Admission to the online MBA Banking and Finance involves processes such as online registration, submission of the application form along with the supporting documents, and the payment of course fees.

How to Apply for Online MBA in Banking and Finance Course:

Candidates can follow the steps mentioned below to apply for admission to the course:

Step 1: Go through the official website of your chosen university

Step 2: Register yourself on the website by entering your email ID and create a password of your choice.

Step 3: After registration, complete an application form online with the required details

Step 4: Submit the form along with the required documents

Step 5: Wait for the admission confirmation from the university

Step 6: After confirmation, pay the course fees to access the course

Top Colleges Offering Online MBA in Banking and Finance

Several colleges and universities in India offer MBA in Banking and Finance online courses. Individuals seeking a career in this field or wish to make a career transition can apply for the course in these colleges. To help you enroll in the best college, we have prepared a list of top online MBA Banking and Finance colleges.

List of top colleges for online MBA Banking and Finance

Colleges

Total Fees

Jain Deemed to be University

Rs. 200,000

O.P. Jindal Global University

Rs. 350,000

Manipal University

Rs. 360,000

NMIMS Global

Rs. 168,000

T A Pai Management Institute (TAPMI)

Rs. 600,000

Online MBA in Banking and Finance Syllabus

The subjects and syllabus of an online MBA in Banking and Finance may differ depending on the institute. Structured over four semesters, the syllabus covers core subjects, electives and a project or dissertation. The table below lists the syllabus of Jain Deemed to be University.

Semester 1

Principles of Economics and Markets

Managerial Effectiveness and Ethics

Accounting and Finance

Organizational Behavior and Human Resources Management

Quantitative Techniques and Analytics

-

Semester 2

Entrepreneurship

Marketing Management and Research

Banking and Financial Ecosystem

Banking Operations and Activities

Banking Transactions and Services

-

Semester 3

Business Environment and Strategy

Operations Management

Banking Domain - Retail and Corporate Business

KYC in Banking

Customer Service and Banking Codes and Standards

Open Elective Course

Semester 4

Management of Financial Services

Financial Management and Valuation

Financial Analysis and Audit Reports

Digital Banking - Fraud and Risk Management

Cross-Functional Elective Course - Strategic Problem Solving

Master Thesis / Project *

Popular Online MBA Specializations

There are various specialisations available in an online MBA. Students can choose from different online MBA specializations based on their area of interest. Mentioned below is the list of online MBA specializations one can opt for and accomplish their career goals.

Online MBA in Banking and Finance Course Fees

The fees of an online MBA Banking and Finance course may vary depending on the institute. The online MBA fees are often lower than the fees of regular MBA courses as there are no extra charges like transportation, classrooms, or others.

The online MBA Banking and Finance fee may range from Rs. 160,000 - Rs. 600,000. Candidates willing to enroll in this online MBA programme must know the fees and other charges and get into their chosen college based on their affordability and convenience.

Skills Required For Online MBA in Banking and Finance

Candidates interested in pursuing an MBA in Banking and Finance online course are required to have a unique set of skills. These skills will help them in their work and job growth. Mentioned below is the list of some of the popular skills required for an online MBA in Banking and Finance.

  • Presentation
  • Analytical Approach
  • Interpersonal Skills
  • Project management
  • Time Management
  • Logical Reasoning
  • Decision-Making
  • Leadership Skills

Also Read:

Online MBA in Banking and Finance Career Options: Jobs, Salary and Top Recruiters

After completing an online MBA Banking and Finance course, graduates can explore numerous employment opportunities in diverse industries. They can enter both private and public sector organisations and fulfil their dreams. With an increasing demand for banking and finance professionals, we have mentioned below some of the popular job roles for online MBA in Banking and Finance graduates.

List of the top online MBA in Banking and Finance jobs one can pursue:

Financial Analyst: A financial analyst is a professional responsible for creating financial models to predict trends and business scenarios to help companies make business decisions. He or she conducts research to inform strategy for their clients.

Investment Banker: One of the highest-paying jobs after an online MBA in Banking and Finance is Investment Banker. An investment banker helps his/her clients raise money and supports mergers and acquisitions, and other financial activities.

Budget Analyst: A budget analyst drafts budget proposals audits company budgeting practices, and analyses the cost and benefits of business operations. He or she works independently or as part of a team of financial consultants.

Financial Analyst: A financial analyst assesses financial data and uses his/her findings to help companies make business decisions. He or she conducts research on macroeconomic and microeconomic conditions to make industry predictions.

Portfolio Manager: A portfolio manager is responsible for creating and managing investment allocations for private clients. He or she stays updated with financial trends, and economic conditions while managing client relationships.

Online MBA in Banking and Finance Salary

The pay scale of an online MBA Banking and Finance graduate is varied depending on various factors such as an individual's talents, competence, accomplishments and business types and sizes. The salary also differs based on the job role, experience level, and job location. The table below depicts the online MBA in Banking and Finance salary of different job roles.

Job Roles

Average Base Paye (annually)

Financial Analyst

Rs. 489,679

Investment Banker

Rs. 868,554

Budget Analyst

Rs. 850,000

Financial Analyst

Rs. 489,679

Portfolio Manager

Rs. 1,278,854

Source: PayScale

Online MBA in Banking and Finance: Employment Area

Online MBA Banking and Finance graduates can find employment opportunities in diverse industries. They can enter both public and private sector companies and advance their careers. Below are some of the popular employment areas one can pursue their career.

  • Finance and Banking
  • Investment Banking
  • Asset Management
  • Insurance
  • Wealth Management
  • Financial Consultancy
  • Corporate Finance
  • FinTech

Online MBA in Banking and Finance: Top Recruiters

Several top companies in India and abroad recruit candidates who have completed an online MBA in Banking and Finance for diverse job roles and positions. Some of the top online MBA Banking and Finance recruiters are as follows:

  • Capgemini
  • Goldman Sachs
  • Deloitte
  • EY
  • ICICI Bank
  • Citi Bank
  • KPMG
  • JP Morgan Chase

Popular Colleges Offering Online MBA in India

Many Indian universities offer online MBA courses in different specialisations. Students must visit the official website of their chosen college and meet all the admission requirements. We have listed below some of the top online MBA universities/ colleges in India.

Conclusion

An online MBA in Banking and Finance is a rewarding programme as it equips you with the necessary skills and knowledge. It also paves the way for lucrative career options in diverse domains. Pursuing this MBA degree online will enable you to get into leadership roles in top companies.

As every company, be it a small one or an MNC, requires banking and finance professionals, an online MBA Banking and Finance degree will help boost your career ladder. You can also go abroad with significant career growth and salary potential.

Frequently Asked Question (FAQs)

1. Is an online MBA in Banking and Finance worth it?

As there is a high demand for banking and finance professionals, pursuing this programme will get you into leadership positions in top companies. It will equip you with skills and knowledge essential for your career growth.

2. Who can apply for an online MBA Banking and Finance course?

Anyone, from recent graduates to working professionals, business owners, and entrepreneurs, is eligible to apply for this online MBA programme.

3. What is the scope of an MBA in Banking and Finance online course?

There is a vast scope of this programme in India and abroad. One can get opportunities in areas such as asset management, retail banking, planning and taxation, financial advisory, accounting, insurance and others.

4. Does an online master's degree in banking and finance have a validity period?

After completing the programme, you will earn a degree which has lifetime validity.

5. What is the salary of an online MBA Banking and Finance professional?

According to PayScale, the average salary a professional can earn in India is Rs. 815,000 p.a.

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Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication), B.M.M. (Bachelor of Mass Media), or MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

2 Jobs Available
Corporate Executive

Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

2 Jobs Available
Multimedia Specialist

A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

2 Jobs Available
Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
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
QA Lead

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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