2 Years
Post Graduate
Management
Part Time
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:
| Particular | Value |
| Course Name | Part-Time MBA in Banking Financial Insurance |
| Course Level | Postgraduate |
| 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 |
The greatest option for those who want to continue working while
pursuing their degree is a part-time MBA
in Banking, Financial, and Insurance program. The freedom to attend a Part-Time MBA in Banking Financial
Insurance programs whenever it suits you and the lack of time commitments
are the two best aspects of doing a Part-Time MBA. The Part-Time MBA in Banking, Financial, and Insurance offers benefits
and drawbacks, just like any other degree.
(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 Part-Time MBA in Banking, Financial, and
Insurance courses offered by different institutes and
universities:
(i). Part-Time MBA with a Banking, Financial, and Insurance Specialization: This program Part-Time
MBA in Banking Financial Insurance
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 Specialization: Programs for working professionals who can attend classes on the weekends while maintaining a full-time job are called weekend MBAs. These courses enable professionals to expand their financial and banking knowledge without interfering with their workday because they frequently offer a concentration in finance and banking.
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 best Part-Time MBA
in Banking and Financial Insurance in India.
(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.
(vi). Admission is granted if all of the required paperwork is in order and the test results are accurate. Entry tests Part-Time MBA in Banking, Financial, and Insurance Specialization.
Below is a list of some of the entrance exams for pursuing a Part-Time MBA in Banking Financial Insurance:
| CAT | MAH-CET |
| MAT | KMAT |
| XAT | WB JEMAT |
| CMAT | AP ICET |
| GMAT | TS ICET |
| IIFT | BMU-MAT |
| SNAP | RMAT |
| NMAT | IBSAT |
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:
| Financial analysis | Leadership |
| Risk management | Communication |
| Investment banking | Teamwork |
| Insurance operations | Analytical thinking |
| Asset management | Problem-solving |
| Portfolio management | Decision-making |
| Financial modeling | Adaptability |
| 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 v/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:
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 |
| Citibank | Tata Capital |
| HSBC | Axis 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
India
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 earns between INR 2, 00,000
and INR 10, 00,000 per year
| 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.
(ii). CA.
(iii). PhDs.
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.
5. Decision-Making.
6. Critical
Thinking.
7. Problem-Solving.
8. Communication.
9. Analytical
Skills.
10. Teamwork.
11. Time
Management.
(11). How do a part-time MBA in Banking Financial
Insurance and
a full-time MBA in Banking Financial Insurance differ from one another?
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. Students who enroll in part-time programs can continue to work while completing their education, frequently attending classes in the evenings or on weekends. While full-time programs often demand students to devote themselves to their studies full-time, they also offer less flexibility for working professionals and a quicker finish time.
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