MBA, or Master of Business Administration programme, is a very popular course that offers good career opportunities. Young students who want to run a business in the future opt for MBA to learn the nuances of business operations and finance. In MBA, you have several courses to choose – from Administration and Marketing to HR and Sales. In addition to general MBA programmes, many institutions offer specialised streams, like MBA in banking and finance.
The demand for Banking and Finance Management professionals is huge in India because of its rapid growth in the banking, finance, and insurance sectors. As a result, graduates with MBA in banking and finance have tremendous growth opportunities.
MBA in Banking and Finance
India is a growing economy, and the recent financial policies have created a paradigm shift in the Indian financial sector. The sector is becoming more efficient, and it requires qualified professionals with the ability to perform economic analysis and forecasting.
An MBA programme in Banking and Finance introduces students to financial management, international finance, corporate finance, and financial risk management. In addition to mastering regular concepts, students gain skills that enable them to land various lucrative jobs.
Demand for MBA Banking and Finance Graduates
- Banking and finance are core functions of any organisation; the public and private sectors require these services.
- Obtaining an MBA in Banking and Financial Services will enable you to start an exciting career in the top banks or financial institutions.
- Fresh MBA graduates can find job opportunities in this industry depending on their skills and excellence.
MBA Banking and Finance Course Overview
Accounting and finance are essential aspects of the Banking and Finance MBA stream. Listed below are the MBA Banking and Finance course details.
Eligibility and Admission Criteria
Any student can apply for an MBA degree after completing their UG course in any discipline. However, candidates need to take an entrance test, like CAT, MAT, GMAT, XAT, etc., to get admission into MBA in Banking and Finance. Some private colleges and universities also have some seats reserved in their management quota. Below is a step-by-step guide to the admission process to an MBA programme.
- Since COVID, most colleges have taken their admission process online
- Candidates must visit the official website of their preferred college and start the application process by providing the necessary details
- You can also submit the required documents offline at the college
- Shortlisted applicants may need to appear for a written test, GD, and a personal interview
- An aspirant’s performance in the entrance exam and his marks in the graduation and 10+2 level will determine the final selection.
Syllabus
The main subjects in MBA Banking and Finance include financial accounting, risk management, mergers and acquisitions, and necessary skills for banking and finance professionals.
Semester-wise topics are listed below:
MBA Banking and Finance First Year Syllabus
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MBA Banking and Finance Second Year Syllabus
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Top MBA in Banking and Finance Colleges in India
Here is a list of colleges that offer MBA degree programmes in Banking and Finance. –
- Global Institute of Tech and Management – Gurgaon
- Geeta University – Panipat
- Oxbridge Business School – Bangalore
- Joseph College – Hyderabad
- Thangavelu Engineering College – Chennai
- Calcutta Institute of Management – Kolkata
- Oxford Business College – Patna
- Usha Martin University – Ranchi
- Sandip University – Nashik
- Aditya Institute of Management – Pune
- Monark University – Ahmedabad
- Mangalayatan University – Jabalpur
Benefits of Doing an MBA in Banking and Finance
You can benefit through an MBA course in Banking and Finance. Some of them are,
- You can get a competitive pay package. According to Payscale.com, MBAs in finance earn inordinately more than other MBA specialisations.
- You may get a chance to explore various job roles.
- Banking and Finance are considered a never-ending industry since business cannot exist without them.
- High job-secured industry. Until people save, acquire credit, buy vehicles, own homes, and run businesses, banking and other financial services will exist.
- Studying master’s in Banking and Finance enables one to manage funds constructively, maximising financial resources.
- This course teaches strategies, financial management, creativity, time management, governance, and other life-saving skills.
Career Options after an MBA in Banking and Finance
An MBA course in Banking and Finance can lead to various career options. Some of them are:
- Investment Bankers
- Credit Managers
- Mergers and Acquisitions Analysts
- Cost Accountants
- Financial Analysts
- Risk Analysts
- Accounting Managers
- Private Equity or Venture Capital
- Asset Managers
- Commercial Bankers
- Portfolio Managers
- Budget Analysts
MBA in Banking and Finance Salary
MBA Banking and Finance graduates can find employment with impressive salaries. A candidate’s average salary depends on many factors, including the company’s policy, work expertise, and industry knowledge. MBA in Banking and Finance fresher salary in India is between ₹3 lakh to ₹7 lakh per annum.
Based on payscale.com, the below table gives the average MBA Banking and Finance salary in India.
| Job Title | Average Pay in Lakh Per Annum (LPA) |
| Financial Analyst | ₹4.89 LPA |
| Finance Manager | ₹7 LPA |
| Senior Financial Analyst | ₹7 LPA |
| Financial Controller | ₹6.6 LPA |
| Treasury Manager | ₹8.5 LPA |
MBA Banking and Finance – Top Recruiters
Following is a list of the top companies that hire banking and finance graduates:
- Goldman Sachs
- Morgan Stanley
- McKinsey & Co
- Deloitte
- EY
- Barclays
- Genpact
- ICICI Bank
- Wipro
- KPMG
- IBM
Top MBA colleges in India draw the most number of recruiters. For example, more than 1000 top recruiters in India hire from Sunstone, a leading education service provider. Their industry-focused training modules enhance employability and provide holistic education across 50+ leading campuses in India.
FAQs
What is the Scope of an MBA in banking and finance?
The scope of an MBA in Banking and Finance is vast. Several career options are available to Banking and Finance graduates in the public and private sectors.
What are the advantages of an MBA in the banking sector?
An MBA in Banking and Finance can lead to a rewarding career in finance. This industry offers many job opportunities for fresh MBA graduates, depending on their skills and abilities.
How tough is MBA in finance?
The MBA in Finance is as challenging as any other MBA programme. It is, however, more complex than different specialisations because of the extra use of Math and Statistics.
