A specialized curriculum called the Part-Time MBA in Banking, Financial, and Insurance (BFI) is created to give working professionals a thorough understanding of the banking, financial services, and insurance sectors. These programs are designed to offer lessons in the evenings or on weekends to fit around the schedules of working people. The curriculum lasts anywhere between two and four years, however, this varies. The course material is designed to concentrate on issues related to banking, finance, and insurance, including risk management, financial management, and investment analysis’s banking operations, insurance principles, corporate finance, and legal frameworks
The Part-Time MBA in Banking Financial Insurance Students explores specialized topics in banking and financial management as the curriculum develops. This covers classes that examine financial management, investment analysis, risk-taking, and financial markets as well as banking operations. Financial rules, banking practices, credit analysis, financial instruments, and portfolio management are all topics covered in class. The goal of these courses is to equip students with the abilities needed for efficient management and decision-making in the banking and financial industry.
The Full-Time course schedule and content are comparable to the Part-Time MBA in Banking and Financial Insurance. Because Part-Time MBA programs take place on evenings and weekends and after typical business hours, they are more flexible than a Full-Time MBA. Part-Time MBA in Banking Financial Insurance programs are great for those looking to advance their careers or those who are already employed. They form partnerships and might interact directly with other professionals.
The demand for students with Part-Time MBA in Banking Financial Insurance degree is constant. After earning Part-Time MBA in Banking Financial Insurance, opportunities in marketing, finance, operations, financial organization, Insurance, and other fields are available.
Check all the important details about the Part-Time MBA in Banking Financial Insurance from the table given below:
|Course Name||Part-Time MBA in Banking Financial Insurance|
|Course Duration||2 Years to 4 Years|
|Eligibility Criteria||Graduation in any discipline with a minimum of 50%|
|Entrance Exams||CAT, XAT,GMAT, SNAP, NMAT, CMAT|
|Admission process||Entrance Exam + Group Discussion + Personal Interview (GD-PI)|
|Examination Type||Semester based|
|Age||No age limit|
|Average Annual Fees||INR 1,00,000-5,00,000|
|Average Annual Salary||INR 2,00,000-10,00,000|
|Top recruiters||ICICI Bank, HDFC Bank, Axis Bank, Amazon, TATA Consultancy Goldman Sachs, J.P. Morgan, Citibank, Deloitte, KPMG, Ernst & Young|
|Job Profiles||Financial Analyst, Investment Banker, Portfolio Manager, Risk Manager|
(i). By pursuing a part-time MBA in Banking, Financial Insurance, and Placement, you can frequently concentrate on enhancing your leadership abilities without quitting your career.
(ii). After completing the courses, working individuals who enroll in the best part-time MBA programs obtain career growth that is more directly relevant to their line of work. The Part-Time MBA in Banking Financial Insurance program is offered by some of the top business schools, including IIMs, FMS, IIFT, and Delhi University.
An application for a part-time MBA is quite similar to one for a full-time MBA. The procedure and the prerequisites are both the same. Several procedures are used to provide admission to part-time MBA programs. Admission to Part-Time MBA institutions is often determined by both entrance and merit exams.
Here are some of the common types of courses offered by different institutes and universities:
(i). Part-Time MBA with a Banking, Financial, and Insurance program takes place on evenings and weekends and after typical business hours, they are more flexible than a full-time MBA
(ii). Executive MBA (EMBA): These programs are created for individuals in the workforce who have significant managerial experience. These programs are designed to satisfy the demands of executives looking for advanced financial knowledge and skills and often provide a specialization in finance.
(iii). Weekend MBA in Banking, Financial, and Insurance
The eligibility requirements for the Part-Time MBA in Banking and Financial Insurance are less strict than those for the standard MBA. The objective of this program is to identify applicants who are employed, professionals.
(i). A minimum of 50% in any of the following degrees B.A., B.Com., B.BA., B.Tech., or B.Sc or an equivalent grade point average (CGPA) must have been earned in the applicant's field of study at an accredited university.
(ii). An average of between three and five years of job experience is required of applicants.
(iii). Only a few institutions that offer part-time MBA degrees include an age restriction. Some institutions specify that the applicant's age should be between 27 and 50 years old.
The majority of MBA schools/colleges in India favor applicants who have passed admission tests. Students must take the entrance exam and pass the cutoff to get admitted to the
(i). Students must submit an online application to the institute, which is available on the website of the institution.
(ii). Students must take the entrance exam and achieve the necessary cutoff after completing the enrolment form and completing the application cost.
(iii). The university admissions office will receive applications from candidates who pass the entrance exam.
(iv). The university evaluates a pool of submissions and determines whether the applicants' entrance test scores satisfy their requirements.
(v). Candidates who receive the required scores are contacted for individual and group interviews.
Below is a list of some of the entrance exams for pursuing a:
After getting their degrees, many people look for Part-Time MBAs in Banking and Financial Insurance jobs. This is because people expect someone with an MBA to work as a boss in many different kinds of businesses. A good manager can do well in several different jobs and responsibilities. A boss not only knows how to talk to people well but also needs skills in how to inspire and lead them. Here are some of the skills required for a Part-Time MBA in Banking Financial Insurance:
|Insurance operations||Analytical thinking|
|Corporate finance||Time management|
The Part-Time MBA in Banking Financial Insurance costs consider those components like location, faculty, demand, infrastructure, and the resources to which students may also have access all important factors. In India, the average cost of a Part-Time MBA in Banking Financial Insurance
|Name of College||Fee|
|Xavier Institute of Management, Bhubaneswar||INR 6,00,000|
|Symbiosis Institute of Business Management, Pune||INR 7,00,000|
|Narsee Monjee Institute of Management Studies (NMIMS), Mumbai||INR 5,50,000|
|Institute of Management Technology (IMT), Ghaziabad||INR 7,50,000|
|Great Lakes Institute of Management, Chennai||INR 6,50,000|
|K. J. Somaiya Institute of Management Studies and Research, Mumbai||INR 6,00,000|
|Birla Institute of Management Technology (BIMTECH), Greater Noida||INR 7,00,000|
|ICFAI Business School, Hyderabad||INR 4,50,000|
|Bharathidasan Institute of Management, Trichy||INR 5,00,000|
|Loyola Institute of Business Administration, Chennai||INR 6,50,000|
The selection process for a Part-Time MBA in Banking, Financial, and Insurance involves multiple steps. Applicants submit applications, take entrance exams, and undergo personal interviews to assess their knowledge, communication skills, and desire for the program. The overall process evaluates candidates' academic skills, work experience, and personal qualities to ensure a good fit for the school.
(3). Course Comparison
Part-Time MBA in Banking Financial Insurance /s Part-Time MBA in Financial Markets
|Parameter||Part-Time MBA in Banking Financial Insurance||Part-Time MBA in Financial Markets|
|Course Name||Part-Time MBA in Banking Financial Insurance||Part-Time MBA in Financial Markets|
|Course Overview||A specialized curriculum called the Part-Time MBA in Banking, Financial, and Insurance (BFI) is created to give working professionals a thorough understanding of the banking, financial services, and insurance sectors. These programs are designed to offer lessons in the evenings or on weekends to fit the schedules of working people.||The main objective of a Part-Time MBA in Financial Markets is to impart thorough knowledge and abilities linked to the fast-paced world of financial markets. Students who complete this course will have a better understanding of different financial instruments, investment methods, risk-management measures, and regulatory frameworks.|
|Duration||2-4 years||2-3 years|
|Eligibility||Bachelor's degree||Bachelor's degree|
|Entrance Exams||CAT, MAT, XAT, CMAT, GMAT||CAT, MAT, XAT, CMAT, GMAT|
|Average Annual Fees||INR 1,00,000- INR 5,00,000||INR 2,50,000 - INR 10,00,000|
|Top Colleges||Indian School of Business (ISB), Faculty of Management Studies (FMS), and XLRI Jamshedpur||National Institute of Securities Markets (NISM), BSE Institute Limited, Narsee Monjee Institute of Management Studies (NMIMS)|
Some of the best schools that offer the Part-Time MBA in Banking Financial Insurance courses and other information are listed below:
|Name of College||Location|
|Xavier Institute of Management||Bhubaneswar|
|Symbiosis Institute of Business Management||Pune|
|Narsee Monjee Institute of Management Studies (NMIMS)||Mumbai|
|Institute of Management Technology (IMT)||Ghaziabad|
|Great Lakes Institute of Management||Chennai|
|K. J. Somaiya Institute of Management Studies and Research||Mumbai|
|Birla Institute of Management Technology (BIMTECH)||Greater Noida|
|ICFAI Business School||Hyderabad|
|Bharathidasan Institute of Management||Trichy|
|Loyola Institute of Business Administration||Chennai|
The following is a list of public and private universities that Part-Time MBA in Banking Financial Insurance and provide programs in Marketing:
|Type of College||Name of College|
|Private||Symbiosis Centre for Management & Human Resource Development|
|Xavier School of Management (XLRI)|
|Indian School of Business (ISB)|
|Management Development Institute (MDI)|
|Government||IGNOU - Indira Gandhi National Open University|
|University of Mumbai [MU]|
|Guwahati University - GU|
|Indian Institute of Management (IIM)|
After completing a Part-Time MBA in Banking, Financial, and Insurance, professionals can get numerous opportunities in different sectors. Here are some of them listed below:
Job Profiles after a Part-Time MBA in Banking Financial Insurance
Following are some of the job profiles available after a Part-Time MBA in Banking Financial Insurance:
|Job Profile||Job Description|
|Bank Manager||A bank manager oversees a particular bank branch, manages their team, and oversees day-to-day activities. A bank manager's primary duty is to lead a team and increase sales by providing excellent customer service. A bank manager's responsibility is to hire and train new staff, evaluate worker performance, consult with clients, and build relationships with the community to draw in lots of consumers and increase profit.|
|Financial Risk Manager||The primary responsibility of a financial risk manager is to evaluate and pinpoint potential sources of income as well as risks to a company's assets or success. They are employed in financial services, marketing, private banking, trading, and loan administration. Market, credit, and operational risks are also managed by a financial risk manager.|
|Investment bankers||Investment bankers handle various financial aspects of the investment endeavors that organizations approve. They are investment professionals who combine strong analytical abilities, knowledge of the financial services sector, and persuasive communication abilities to assist institutional clients in a variety of activities such as mergers, capital raising, and acquisitions.|
|Foreign Exchange Officer||The most sought-after jobs in the banking industry are those in foreign exchange, loan officers, business analysts, audit clerks, financial risk managers, internal auditors, financial service representatives, bookkeepers, credit analysts, bank tellers, and financial managers.|
|Financial Accountant||A financial accountant's primary duties include managing tax payments, creating budgets, and conducting internal audits. You will serve as a consultant for top management in this position for doing cost and revenue analyses. To be a financial accountant, you must hold a degree in accounting and the necessary professional experience.|
|Equity Analyst||Producing forecasts, research summaries, and stock and company recommendation suggestions is the primary responsibility of equities analysts. They also provide financial advice to individuals, brokers, investment advisers, and investors using their expertise. An equity analyst gathers and evaluates information on bonds and stocks, makes forecasts, and builds economic models to help investors make wise judgments about potential investments.|
The majority of candidates are working professionals and the majority of Part-Time MBAs are sponsored by firms to the employees, the majority of corporations do not give placements for Part-Time MBAs in Banking Financial Insurance. Only a few colleges provide placements the table below contains some of the top recruiters that hire Part-Time MBA in Banking Financial Insurance graduates, as follows:
|Deloitte India||ICICI Bank|
|Ernst & Young (EY)||HDFC Bank|
|KPMG India||Kotak Mahindra Bank|
|Accenture||State Bank of India (SBI)|
|Goldman Sachs||Bajaj Finance|
|Morgan Stanley||IndusInd Bank|
|JP Morgan||Reliance Capital|
Depending on their position, graduates may earn varying quantities of money In addition to qualifications, location, and field of work, several other variables may influence the income of a Part-Time MBA in Banking Financial Insurance
In addition, as candidates gain more experience and exposure to the real world, they may advance to better positions and receive higher pay grades A graduate with a Part-Time MBA in Banking Financial Insurance typically
|Job Role||Average Annual Fee(INR)|
|Financial Analyst||INR 2,00,000 - 4,00,000|
|Investment Banker||INR 3,00,000 - 6,00,000|
|Risk Manager||INR 2,50,000 - 5,00,000|
|Insurance Manager||INR 2,00,000 - 4,50,000|
|Wealth Manager||INR 2,50,000 - 5,00,000|
|Credit Analyst||INR 1,50,000 - 3,50,000|
|Portfolio Manager||INR 3,00,000 - 6,00,000|
|Compliance Officer||INR 2,00,000 - 4,50,000|
A Part-Time MBA in Banking Financial Insurance Specialization program is currently preferred by many working professionals while being the newest addition to the business school curriculum. A part-time MBA in banking, finance, and insurance places more of an emphasis on improving management skills than on locating new employment. This is because, unlike a full-time MBA, you are not compelled to quit your job. You are more likely to achieve professional advancement at your current organization and receive opportunities in the disciplines of marketing, finance, operations, financial organization, insurance, and other fields after completing this course. Nowadays, several MBA universities provide part-time MBA degrees with limited assistance with job placement. However, they are now viewed as being quite typical for professional advancement.
The demand for students with Part-Time MBA in Banking and Financial Insurance degrees is constant. After earning a Part-Time MBA, opportunities in Financial Analyst, Investment Banker, Portfolio Manager, Risk Manager other fields are available. Examine the following list of positions available to Part-Time MBA in Banking Financial Insurance graduates: Here are some potential career options for individuals with a part-time MBA specializing in Banking Financial Insurance:
(i). Financial Analyst
(ii). Investment Banker
(iii). Risk Manager
(iv). Insurance Manager
(v). Wealth Manager
(vi). Credit Analyst
(vii). Portfolio Manager
(viii). Compliance Officer
Numerous benefits and prospects for higher education can be found with a Part-Time MBA in Banking Financial Insurance in finance. Here are a few potential advantages of pursuing a Part-Time MBA in Banking Financial Insurance and the related opportunities, while the precise benefits may vary based on individual circumstances and market conditions:
(i). Career Advancement: This course may help you progress your career inside your present company or in other finance-related positions.
Many abilities are needed to succeed as a Part-Time MBA in Banking Financial Insurance graduate, including those that will help to accelerate personal learning curves and build a practical mindset that must be ingrained in the continuous learning environment.
1. Financial Planning.
2. Corporate Finance.
3. Financial Reporting.
4. Economic Analysis Leadership.
6. Critical Thinking.
9. Analytical Skills.
11. Time Management.
(11). Hin Banking Financial Insurancein Banking Financial Insurance
Ans. Time commitment and scheduling flexibility are the key differences between a Part-Time MBA in Banking Financial Insurance and a Full-Time MBA in Banking Financial Insurance.