2 Years
Post Graduate
Management
Online
An Online MBA in Banking and Finance is a two-year program designed for people who want to develop a dual understanding of banking and finance and advance or build their careers to strategic roles in the field. Two years are required to complete the MBA Banking and Finance Distance Education program. This course offers a solid grounding in accounting and finance. For this course, you must have a banking-related undergraduate degree or its equivalent.
In the Master of Business Administration with a Specialization in Finance and Banking, students will examine fundamental business principles from a management perspective as well as in-depth financial and banking procedures. You will acquire knowledge and abilities in the areas of finance and banking, investment strategy, corporate risk, insurance, and financial and banking theory. The MBA program consists of core courses you have to complete. Financial management, investments, and portfolio management, as well as valuation and risk management, are some of the topics covered.
The curriculum, which is designed for working professionals, goes beyond academic understanding and largely relies on hands-on training. It includes elements like case studies, workshops, and projects to assist the learner in obtaining a managerial and functional edge in the business. What sets the curriculum apart from others is how global banking concepts and local context are integrated, along with the faculty's expert guidance.
Here are key highlights of the course online MBA Banking and Finance:
| Name of the Course | Master of Business Administration in Banking and Finance |
| Duration | 2 Years |
| Level | Post Graduate |
| Type | Online |
| Age | No Specific Age Limit |
| Subjects Required | Any discipline |
| Minimum Percentage | 50% in Graduation |
| Average annual Fees | INR 80,000 – 4 Lakhs |
| Average annual Salary | INR 3 – 7 Lakhs |
| Job Roles | Financial Analyst, Finance Officer, Finance Associate, Finance Senior Analyst, Chartered Financial Analyst, Banking Business Analyst, Bank Manager |
| Top Recruiting areas | Quantitative Research, Banking Compliance, FMCG, Financial Crime, Market Risk, Credit Risk, Operational Risk, Banking Operations |
(1). Earn While You Learn, This course will allow the candidates to perform any task, such as a job while studying, and the earning activities will not affect the earning process.
(2). Exposure to advanced courses in risk management, depositories, and forex management, among other topics. Practical lab exercises using the most recent information in the banking and finance fields analyze real-world problems and offer solutions as part of your master's thesis.
(3). Support from a group of experts who can make decisions and have in-depth knowledge of the industry and relevant domains.
(4). Due to the wide range of career opportunities in the pertinent
professional fields, an MBA in Banking and Finance Management earned online is
worthwhile to pursue.
(5). Banking has a healthy and expanding job market. Banks and other
financial institutions have a wide range of employment opportunities for MBA
graduates. The advanced certification program will give you the chance to work
for some of the biggest banks and financial institutions in the world.
(6). Time Flexibility, In this regard, the candidates become at ease to
have a lot of time that can be made available by setting a schedule according
to their preferences and utilizing the time efficiently.
(7). In addition to gaining a solid understanding of the course material, students also develop a variety of skills in this course, including those related to communication, customer service, math, time management, teamwork, and problem-solving.
(8). Fee and Cost, The cost of this course is within the reach of many applicants, ensuring that everyone has an equal opportunity to learn. The fee ranges from INR 29,000 to INR 39,000 per year.
(1). Candidates must have earned a BBA/Bachelor of Business Administration in Banking, or a degree equivalent from an accredited institution, to be eligible to enroll in this course.
(2). Additionally, candidates must pass the bachelor's degree examination with an average score of 55%, which is equivalent to a 6 GPA point scale. Depending on the college, the percentage might change.
Like all other MBA Specializations, MBA Banking, and Finance admissions
are handled similarly. The steps that typically make up the online MBA
admissions process are as follows:
(1). Candidates should submit their applications for management entrance
exams such as the XAT, MCAT, CAT, SNAP, and others through the relevant
government websites.
(2). Candidates should take these tests and do their best to prepare for
them.
Candidates must ensure they have a reliable and secure internet
connection because many of these entrance exams are taken online.
(3). Candidates must achieve scores that are higher than or equal to the
likely cutoff.
(4). After that, applicants must email their scores together with their
applications to the management universities that provide online MBA in India
that they intend to enroll.
Those who are successful in obtaining admission and a seat should
continue with the further requirements necessary for the online MBA admission
process.
(6). Candidates must submit all essential paperwork and make the requisite online MBA application costs.
(1). Merit lists or entrance exams are used to determine admission to
this course, which is then followed by personal interviews. The majority of
colleges offer counseling and choose students based on the grades they received
for their bachelor's degree or a merit list created by the universities.
(2). The college will contact you and may ask you to appear for an
interview. Further, you will be asked to submit the required documents and pay
the online MBA admission fees before the final date to confirm your admission
Here is the list of accepted entrance exams for online MBA in Banking Finance:
| CAT | XAT |
| CMAT | MAT |
| GMAT | NMAT |
The abilities needed to pursue an MBA in Banking and Finance are listed below. Check them out:
| mathematics | diplomacy, and knowledge of the banking system. |
| problem-solving skills in accounting | strong time management abilities. |
| leadership qualities | clear analysis |
| interpersonal and communication skills | computer and technology proficiency |
Below is a comparison of the two courses, Online MBA in Banking and Finance and MBA in Marketing, in a table format based on various parameters:
| Name of the Course | Online MBA in Banking and Finance | MBA in Marketing |
| Overview of Course | In the Master of Business Administration with a Specialization in Finance and Banking, students will examine fundamental business principles from a management perspective as well as in-depth financial and banking procedures. | MBA in Marketing course mainly focuses on marketing strategies like sales marketing, digital marketing, etc |
| Duration | 2 years (approx.) | 2 years |
| Level | Postgraduate | Postgraduate |
| Mode | Online | Classroom-based |
| Eligibility Criteria | Bachelor's degree in any discipline | Bachelor's degree in any discipline |
| Average Annual Fees | 1,50,000 - 5,00,000 (approx.) | 2,00,000 - 6,00,000 (approx.) |
| Average Annual Salary | 4,50,000 - 10,00,000 (approx.) | 3,50,000 - 8,00,000 (approx.) |
| Job Roles | Banking Manager, Financial Analyst, Investment Banker, Wealth Manager, Credit Analyst | Marketing Manager, Brand Manager, Sales Manager, Market Research Analyst, Advertising Manager, Digital Marketing Manager |
| Employment Areas | Banks and Financial Institutions, Investment Firms, Insurance Companies | Marketing Agencies, Media and Entertainment Industry, Market Research Firms |
Look at the top universities that offer an online MBA in finance management along with their fees structure:
| Institution Name | Approximate Fees |
| Narsee Monji Institute of Management Studies (NMIMS), School for Continuing Education | Rs 35,000 |
| IMT, Centre for Distance Learning | Rs 60,000 |
| Symbiosis Center for Distance Learning | Rs 37,000 |
| IGNOU | Rs 15000 |
| Amity University, (Distance Learning) | Rs 32500 |
| Annamalai University | Rs 26350 |
| Madurai Kamaraj University | Rs 15000 (for Tamil Nadu students); Rs 25000 (for students from other states) |
The following are a few of the common job roles played by MBAs in Banking and Finance:
| Job Roles | Description |
| Investment bankers | These monetary professionals assist various organizations in raising funds by issuing stocks and other securities. Typically, investment bankers work for brokerage houses, investment banks, and other companies involved in managing money. |
| Loan officers | Are employed in the banking sector and are in charge of reviewing and approving applications for contracts, auto loans, student loans, and other forms of funding. Banks and a few companies that deal with money management are places where these officers can find employment. |
| Financial Advisor | A financial advisor is knowledgeable about the range of financial services, such as resource management and retirement planning. In specific areas of monetary administration, like managing individual resources, the majority of financial experts regularly maintain updated knowledge. |
| Chief Financial Officer (CFO) | The association receives operational and automatic assistance from the CFO. The chief financial officer of the association is in charge of managing the fund unit. They directly answer to the CEO (President/Chief Executive Officer). |
| Manager of Business Relationships | This manager acts as a liaison between corporate administrations and the business. They have a wealth of knowledge on subjects about both business and customer service. |
| Academian | Graduates from academic institutions who studied banking and finance management may also find employment as banking and finance teachers. The business schools receive interaction from these people. This career option allows those who want to educate future generations about management to share their knowledge. |
Financial and Banking MBA Postgraduate banking courses are available through online learning. One of the most sought-after degrees in the world, a master's in business administration opens up a variety of career options.
| Financial Services | Educational Institutions |
| Exchanges for stocks | BPOs |
| Department of Finance (Industry) | Governmental Institutions |
The following are a few of the common top recruiters for Online MBA in Banking and Finance graduates:
| ICICI Bank | HDFC Bank |
| IDFC Bank | State Bank of India |
| Axis Securities | Deloitte |
| Indian Oil Corporation | Maruti Suzuki |
| Crompton | Tata Motors |
| Nestle | Reliance Industries |
Salaries offered to professionals holding managerial designations in the banking and finance sector are listed below:
| Designation | Salary Range in Indian Rupees (INR) |
| Financial Analyst | 2.1 lakhs – 9.5 lakhs per annum |
| Business Analyst | 3.5 lakhs – 13 lakhs per annum |
| Finance Manager | 3 lakhs – 18 lakhs per annum |
| Senior Financial Analyst | 3 lakhs – 12 lakhs per annum |
| Research Analyst | 1.8 lakhs – 10 lakhs per annum |
One of the safest and most secure industries in which to work is the banking
and finance sector. A qualified person is always needed by banks to assist
in running their operations and finances. You can gain the expertise and
knowledge you need to pursue a career in this exciting industry by earning an
advanced certificate in banking.
Financial and banking is a sector with numerous growth prospects. By pursuing an MBA in
Banking and Finance in India, a variety of career opportunities in the banking
and corporate sectors are made possible. Banks offer graduates secure
employment as well as lucrative salary packages. In addition to offering job
security, banks offer graduates lucrative salary packages.
The skills they have developed working in the banking sector open up a
wide range of other employment possibilities. For chartered accountants, there
are many job opportunities available both in India and abroad. Along with the
public and private sectors, consultancies, public accounting firms, businesses,
budget planning, and market research, these professionals can also look for
employment in a range of other sectors.
In the banking and finance industry, there are numerous career options. One of the most popular career choices among Indian students is banking and finance. For chartered accountants, there are numerous employment opportunities both in India and abroad. These experts can also look for work in a variety of industries, including public accounting firms, consultancies, corporations, budget planning, the government and private sectors, and market research.
Professionals in this career can also opt for teaching jobs in
universities and colleges. They can work as freelancers in this field. After
completion of their course, graduates can initially join as a trainee or an
accountant. Some of the typical positions graduates may work are:
(1). Accounts Supervisor
(2). Marketing Director
(3). Assistant Executive
(4). Analyst for marketing
(5). Business Analyst
(6). Finance Manager
(7). Cashier
(8). Equity Research Analyst
(9). Investment Banker
(10). Corporate Analyst
Candidates who would like to continue further studies can pursue a Doctorate course in Banking and Finance field can further go for further studies. After completing this course, graduates may get high positions and lead a high career.
FAQS
What is the MBA acronym?
Master of Business Administration in Banking and Finance is the full
name of the degree. Because all of the classes are delivered online, an online
MBA differs from a traditional MBA in this regard.
2. What is the salary of an online MBA?
You can expect an average salary of between Rs. 5.00 to 6.00 lakhs after
completing an online MBA.
3. Does an Online MBA in Banking and Finance graduate have a lot of
career options?
Online MBA in Banking and Finance graduates can expect to work in some
of the most popular job profiles like finance manager, business manager, sales
manager and several others after completing the course.
4. Which companies hire Online MBA in Banking and Finance graduates?
In India, the top recruiters for Online MBA in Banking and Finance
graduates are Swiggy, Flipkart, Zomato, Amazon, Reliance Jio and many more.
5. Is Online MBA in Banking and Finance easier than offline?
While the duration and study materials are the same, an online MBA is
more accessible as students get to study and attend classes according to their
convenience.
6. Which is better for an MBA: finance or marketing?
which course is better of the two? So, for this have a look at the
skills required to opt for both the courses which can be decided accordingly.
7. Do the Indian Institute of Management Ahmedabad offer MBA in Finance?
No, the Indian Institute of Management Ahmedabad does not offer MBA in Finance.
However, if you are willing to study MBA Finance from any of the IIM, then look
for IIM Kozhikode and IIM Indore.
8. Does MBA Finance contain more of the theoretical part or accounts
part?
It contains subjects like Organisational Behaviour, Quantitative
Techniques, Financial Management, Security Analysis, Portfolio Management, etc.
which can be called subjects from the Accounts stream.
9. Is an MBA in banking & finance difficult?
No, an MBA in banking and finance is not difficult. While the first year focuses on the study of the basics of management, the second year emphasizes the key subjects of banking and finance.
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