Distance MBA in Fintech - Prin. L. N. Welingkar Institute of Management Development and Research, Bengaluru
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2 Years
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Post Graduate
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Management
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2 Years
Post Graduate
Management
About Distance MBA in Fintech
Distance MBA programs in Fintech were becoming increasingly popular due to the growing demand for professionals with expertise in both business administration and financial technology. A Distance MBA in Fintech is designed to provide students with a comprehensive understanding of the intersection between finance and technology, preparing them for leadership roles in the fintech industry.
Fintech is a rapidly evolving field, and a Distance MBA in Fintech equips students with the necessary skills and knowledge to adapt to changing trends and technologies in the financial sector.
The curriculum typically covers core MBA subjects such as finance, marketing, operations, and strategy, alongside specialized fintech courses. These specialized courses may include blockchain technology, digital payments, financial data analysis, cybersecurity, machine learning in finance, and more.
The duration of Distance MBA programs can vary, but they generally span from one to two years, depending on the university and the pace at which the student completes the coursework.
| Particulars | Values |
| Course Name | Distance Master of Business Administration in Fintech |
| Course Level | Post Graduate (PG) |
| Course Duration | 2 years |
| Examination Type | Semester System |
| Eligibility Criteria | Bachelor's degree from a recognized university/college with (45% to 50% aggregate marks) |
| Admission Process | Merit/Entrance Based |
| Specialization | Fintech |
| Internship | Yes |
| Entrance Exams | CAT, MAT, XAT, CMAT, etc. |
| Course Fee | INR 80,000 – INR 3 LPA |
| Average Annual Salary | INR 6 – INR 20 LPA |
| Top Recruiters | UPLERS, PayPal, Korn Ferry, Paytm, CRED, Aspiration, Matrix, Amazon, Walmart, VISA, Accord FinTech, Agile financial technologies, CoinDCX, Boston Consulting, Bai & Company, Goldman Sachs, BCG, Bain and Company |
| Job Profiles | Advisory Services, Financial Analysts, Business Analysts, Compliance Analysts, Quantitative Analysts, Data Scientists, Blockchain Experts & Developers, App Developers, Product Managers, Cybersecurity Experts, Risk Control Managers, Business Development Managers, etc. |
Studying a Distance MBA in Fintech can offer numerous benefits, especially in today's fast-paced and technologically driven financial landscape. Fintech, short for financial technology, is an emerging field that leverages technology to enhance and revolutionize financial services. Here are some reasons why pursuing a Distance MBA in Fintech can be a rewarding choice:
(1) Industry Relevance:
(2) Innovation and Creativity:
(3) Flexibility of Distance Learning:
(4) Networking Opportunities:
(5) Diverse Skill Set:
(6) Global Demand:
(7) Career Growth and Opportunities:
(8) Understanding Regulatory Landscape:
(9) Higher Earning Potential:
Due to the specialized nature of fintech and the increasing demand for skilled professionals, careers in this field often offer attractive remuneration packages and competitive salaries.
The eligibility criteria for a Distance MBA in Fintech may vary depending on the university or institution offering the program. A general outline of the typical eligibility requirements that are commonly observed:
(1) Educational Qualifications: Applicants should typically have a bachelor's degree in any discipline from a recognized university or institution. The field of study may not be restricted to a specific subject, but some universities may prefer candidates with a background in finance, economics, business, or related fields.
(2) Work Experience: While not always mandatory, some institutions may prefer candidates with prior work experience, especially in finance, banking, technology, or related fields. Work experience can strengthen your application and provide valuable insights during the course.
(3) Minimum Marks: Universities might have a minimum percentage or CGPA requirements for the bachelor's degree. This requirement can vary, but it is generally around 50% or above.
(4) Entrance Exams: Some universities may require applicants to take specific entrance exams, such as CAT (Common Admission Test), MAT (Management Aptitude Test), XAT (Xavier Aptitude Test), or other relevant entrance tests. These exams assess the candidate's aptitude for management studies.
(5) English Proficiency: For international candidates or those from non-English speaking countries, proof of English language proficiency may be required through exams like IELTS or TOEFL.
(6) Other Requirements: Depending on the institution, there may be additional requirements like submitting letters of recommendation, statement of purpose (SOP), and participating in a personal interview as part of the selection process.
The admission process for a Distance MBA in Fintech may vary depending on the specific institution offering the program. However, I can provide you with a general overview of what the admission process might involve. Please note that the process may have changed or evolved since my last update, so it's essential to visit the official website of the institution you're interested in to get the most up-to-date information. Here are the typical steps you might expect:
(1) Research and Choose a University/Institution: Begin by researching universities or institutions that offer a Distance MBA program in Fintech. Look for institutions with a good reputation and accreditation to ensure the quality of education.
(2) Check Eligibility Criteria: Review the eligibility criteria for the program. Typically, candidates must have completed their bachelor's degree from a recognized university with a minimum percentage or CGPA requirement. Some institutions might also require relevant work experience in the field of finance or technology.
(3) Entrance Exam: Some institutions may require candidates to take an entrance exam to assess their aptitude and knowledge in areas relevant to the MBA program. These exams may include sections on quantitative aptitude, logical reasoning, general awareness, and English proficiency.
(4) Application Form: Fill out the application form provided by the university or institution. This form usually requires personal details, educational qualifications, work experience, and other relevant information.
(5) Documents Submission: You will need to submit copies of your academic transcripts, degree certificates, proof of work experience (if required), passport-sized photographs, and any other documents specified by the institution.
(6) Statement of Purpose (SOP): Prepare a Statement of Purpose (SOP) outlining your academic and professional background, your reasons for pursuing a Distance MBA in Fintech, and your future career goals.
(7) Letters of Recommendation: Some institutions might ask for letters of recommendation from professors, employers, or other individuals who can attest to your capabilities and potential as an MBA student.
(8) Application Fee: Pay the required application fee as mentioned in the application form.
(9) Selection Process: Once your application is submitted and the necessary documents are received, the institution will review your application. Shortlisted candidates may be called for a personal interview, group discussion, or additional tests, depending on the institution's selection process.
(10) Admission Offer: If you successfully clear the selection process, you will receive an admission offer from the institution.
(11) Fee Payment and Enrollment: Upon receiving the admission offer, you will need to pay the required fees to secure your seat and enrol in the Distance MBA in Fintech program.
| Financial Acumen | Entrepreneurial Mindset |
| Tech Savviness | Regulatory Awareness |
| Analytical Skills | Collaboration and Teamwork |
| Coding and Programming | Problem-Solving Skills |
| Risk Management | Customer-Centric Approach |
| Innovation and Creativity | Ethical Awareness |
| Communication Skills | Entrepreneurial Mindset |
Admission to the Distance MBA FinTech program is based on applicants’ academic qualifications and entrance exam results. Here are some of the most common admission tests for students pursuing a Distance Fintech MBA in India:
| CAT | MAT |
| XAT | GMAT |
| IGNOU OPENMAT | NMAT |
A Distance MBA in FinTech program can cost from Rs. 80,000 to Rs. 3,00,000. While the cost of the course depends on which college you choose, most colleges that offer this online course also offer low-cost EMI or student loan options to allow more students to continue their education. With University Kart Compare you can compare the tuition fees of all online universities that offer this course.
Two of the common degrees evaluated in the Distance Master’s Program in the table listed below on the basis of a few parameters:
| Parameters | Distance MBA in Fintech | Distance MBA in Financial Markets |
| Course Name | Distance Master of Business Administration in Fintech | Distance Master of Business Administration in Financial Markets |
| Course Overview | The program is designed to provide students with a comprehensive understanding of the intersection between finance and technology | The program is designed to teach students how to properly invest and run a business to help them make the best possible evaluation and successful use of available funds or capital |
| Course Duration | 2 Years | 2 Years |
| Course Level | Post Graduate (PG) | Post Graduate (PG) |
| Eligibility Criteria | Merit/Entrance Based | Merit/Entrance Based |
| Admission Process | Graduation with 45% to 50% in any stream | Graduation with 45% to 50% in any stream |
| Course Fee | INR 80,000 – INR 3 LPA | INR 48,910- INR 86,941 |
| Career Prospect | Advisory Services, Financial Analysts, Business Analysts, Compliance Analysts, Quantitative Analysts, etc. | Financial Analyst, Operations Manager, Business Analyst, Account Executive, Finance Manager, etc. |
| Average Annual Salary | INR 6 – INR 20 LPA | INR 5.25 LPA |
Listed below are some of the top Distance MBA in FinTech Colleges in India which offer the course:
| Name of College | Location |
| Symbiosis Centre for Distance Learning (SCDL) | Pune |
| NMIMS Global Access School for Continuing Education (NGA-SCE) | Mumbai |
| ICFAI University | Tripura |
| Amity Directorate of Distance & Online Education (ADDOE) | Noida |
| Annamalai University | Tamil Nadu |
| Sikkim Manipal University Directorate of Distance Education (SMU DDE) | Sikkim |
| Indira Gandhi National Open University (IGNOU) | New Delhi |
| NarseeMonjee Institute of Management Studies (NMIMS) Global Access School for Continuing Education (NGA-SCE) | Mumbai |
| IMT Distance and Open Learning Institute | Ghaziabad |
| IGNOU School of Management Studies (SOMS) | New Delhi |
The Distance MBA in FinTech is a program designed to bridge the gap between management and cutting-edge innovations in financial technology and its applications in banking, finance and insurance. Professionals looking to work in management in information technology or fintech fields may consider a Distance MBA in FinTech as an option.
It will provide students with a much-needed career boost in terms of earning potential and access to this growing field. Blockchain, design thinking, digital consulting, transaction systems, artificial intelligence and machine learning, equity crowdfunding, peer-to-peer financing and mobile payment systems will be explained, among other things.
Graduates of this course can secure well-paying careers with emerging FinTech start-ups, banks and non-bank financial companies. After completing a Distance MBA in FinTech, an individual can find employment in a variety of industries. The recent industrial revolution has led to rapid growth in the FinTech sector and new job prospects. Here are some salary distributions after completing a Distance MBA in FinTech:
| Experience | Average salary (INR) |
| Junior level | 4.5 lakh per annum |
| Average | 8.75 lakh per annum |
| Senior-level | 23.5 lakh per annum |
Top International Recruiting Companies who hire Distance MBA in Fintech graduates are:
| UPLERS | Talent place |
| PayPal | robin hood |
| Korn Ferry | Paytm |
| CRED | Aspiration |
| Matrix | Amazon |
| Walmart | VISA |
| Accord FinTech | Agile financial technologies |
Some of the famous expert avenues open to successful graduates of the Distance MBA in Fintech degree are indexed underneath:
| Job Profile | Job Description |
| Blockchain Experts & Developers | A blockchain developer is a software developer who works in blockchain technology. A blockchain is a data storage solution that the public can use. Blockchain is the fastest-growing industry in FinTech, and Bitcoin was also developed using this technology. |
| App developers | The job of an app developer is to use their knowledge in programming to develop software and applications. As the demand for online payments, and financial management has increased, there is also a demand for new apps. app developers work with coders and IT (Information Technology) teams to develop a required application. |
| Financial analyst | The responsibility of a financial analyst is to forecast income and manage budgets. They analyze the company’s performance and help the management by making strategic decisions. |
| Data scientists | The job of a data scientist is to turn raw data into valuable insights, which are required for organizations to grow. These individuals go through a large amount of data so they can design the required software. |
| Product Manager | The responsibility of a product manager is to manage the entire cycle of product development. They are also responsible for identifying and selling potential FinTech products. |
| Cybersecurity experts | Their responsibility is to provide security throughout the development stages of software systems. They look for risks and vulnerabilities in the software and hardware. |
| Compliance experts | The job of a compliance expert is to make sure that a company follows standard rules and regulations. They must have extensive knowledge of the field and must enforce rules at all levels. |
| Risk control managers | They are responsible for managing the risk to an organization, customer, shareholder, reputation, and assets. They assess the threats to an organization and make plans to avoid, transfer or reduce the risk. |
| Business Development Manager | The job of a business development manager is to make a strategy focused on both customer satisfaction and financial gain. They conduct long-term research to identify present needs. |
| Data Specialist | The responsibility of a data specialist is to transfer information from hardcopy to digital format. They make sure that the data is valid and is part of the entire converting process. |
Upon completion of the program, graduates of a Distance MBA in Fintech are well-prepared to pursue various roles in the fintech industry, such as fintech product managers, technology consultants for financial institutions, financial data analysts, or fintech entrepreneurs. The comprehensive knowledge and skills gained through the program enable graduates to navigate the rapidly changing landscape of fintech, develop innovative fintech solutions, and contribute to the transformation of financial services.
Networking opportunities are also an integral part of a Distance MBA program. Students have the opportunity to connect with professionals in the fintech industry, industry experts, and fellow students through online forums, virtual networking events, and professional social media platforms. These connections provide avenues for knowledge sharing, collaboration, and potential career opportunities in the exciting field of fintech.
A Distance MBA in Fintech offers professionals the flexibility to advance their understanding of the intersection between finance and technology while maintaining their work commitments. The program's comprehensive curriculum, flexible learning format, and networking opportunities make it an excellent choice for individuals seeking to enhance their career prospects in the dynamic field of fintech. Whether aiming for career growth in established financial institutions or aspiring to launch fintech startups, graduates of a Distance MBA in Fintech are well-equipped to excel in leveraging technology to drive innovation and disruption in the financial services sector.
(1) What is a Distance MBA in Fintech?
(2) How is a Distance MBA in Fintech different from a regular MBA in Finance?
(3) What are the career prospects after completing a Distance MBA in Fintech?
(4) How long does it take to complete a Distance MBA in Fintech?
(5) What are the eligibility criteria for admission to this program?
(6) Are there any specific technical requirements for pursuing a Distance MBA in Fintech?
(7) How are the classes conducted in a Distance MBA in Fintech?
Ans: Classes are usually conducted online through virtual classrooms, video lectures, live webinars, and discussion forums. Students can access study materials and assignments through the university's online learning platform.
(8) Is a Distance MBA in Fintech recognized and valued by employers?
(9) Can I pursue a Distance MBA in Fintech alongside a full-time job?
(10) How much does a Distance MBA in Fintech cost?
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