MBA in Banking and Finance: Syllabus, Admission, Jobs, Colleges

Vaishali Pandey
July 27, 2024

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Ready to unlock exciting career opportunities in finance? An MBA in Banking and Finance equips you with deep financial knowledge and managerial skills, paving the way for prestigious, high-paying roles. 

Dive into this blog to discover how an MBA in Banking and Finance can shape your future!

MBA in Banking and Finance Key Highlights

With an MBA in Banking and Finance, you’ll be well-prepared to navigate the complexities of the financial industry, make strategic decisions, and drive growth in various financial institutions. 

This table presents an overview of the comprehensive MBA in Banking and Finance program.

Feature MBA in Banking and Finance Details
Duration 2 years
Eligibility Graduation in any subject
Admission Process Merit-based or Entrance-based
Course Fee INR 3,50,000 – 8,00,000
Average Starting Salary INR 10 LPA – 18 LPA
Job Profiles Account Manager, Marketing Manager, Executive Assistant, Market Research Analyst, Business Analyst, Financial Manager, Bank Cashier, Equity Research Analyst, Investment Banker, Corporate Financial Analyst
Top Recruiters ICICI, YES Bank, State Banks, Indian Bank, Harman, HCL, Newgen, LAVA, Bajaj Allianz

What is an MBA in Banking and Finance?

An MBA in Banking and Finance sharpens your analytical and strategic thinking, enhances leadership and management skills, and boosts technical proficiency in financial tools.

This program focuses on the core principles of finance, including investment management, financial analysis, and corporate finance, alongside the intricate workings of banking systems.

Core Areas of Study

1. Financial Markets

Understanding how financial markets operate, including the stock market, bond market, and commodities market.

2. Investment Strategies

Learning about various investment vehicles and strategies to maximise returns while managing risk.

3. Risk Management

Gaining insights into identifying, assessing, and mitigating financial risks in banking and corporate environments.

4. Corporate Finance

Exploring how corporations manage their financial resources, including capital structure, funding, and investment decisions.

5. Banking Operations

Studying the operations of commercial banks, central banks, and other financial institutions and their roles in the economy.

Curious about different MBA specialisations? Learn how to choose the right one for you!

Why Study an MBA in Banking and Finance?

The banking and finance sectors always need skilled professionals who can navigate complex financial problems and drive economic growth. Moreover, the financial industry constantly evolves, offering opportunities for those with the right expertise.

If these reasons aren’t compelling enough, here are three more reasons why you should pursue this course. Read on!

1. Career Advancement

  • Diverse Roles

Open doors to various career paths, such as investment banking, financial consulting, corporate finance, risk management, and more.

  • Higher Earning Potential

Graduates often enjoy lucrative salaries and benefits, reflecting the high value placed on their specialised knowledge and skills.

  • Career Growth

An MBA can fast-track your career progression, leading to executive and management positions in top financial firms.

2. Networking Opportunities

  • Professional Connections

Build a solid professional network through interactions with peers, professors, and industry experts.

  • Alumni Network

Gain access to a strong alumni network that can provide mentorship, job opportunities, and career guidance.

3. Global Perspective

  • International Exposure

This program offers global study tours, internships, and exchange programs, giving you a broader understanding of international finance.

  • Cultural Insights

Understanding global financial systems and cultural differences can enhance your ability to operate in diverse environments.

Now, dive into the comprehensive curriculum designed to provide these essential skills.

Who Should Study an MBA in Banking and Finance?

An MBA in Banking and Finance is ideal for individuals with a strong interest in the banking and financial sectors. Here’s a list of who should study an MBA in Banking and Finance.

  1. Those who excel in mathematics and possess analytical and logical thinking.
  2. Candidates with a solid understanding of the banking system.
  3. People skilled in addressing accountancy challenges.
  4. Individuals with strong communication, leadership, and interpersonal skills.
  5. Those proficient with computers and related technology.
  6. Individuals who can inspire and motivate team members.

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MBA in Banking and Finance: Syllabus Overview

The MBA in Banking and Finance program is designed to provide a comprehensive understanding of management principles, financial practices, and banking operations. The curriculum is spread across four semesters, details of which are jotted down for you: 

Semester I Syllabus Subjects

The first semester introduces foundational concepts in management and economics, essential for understanding the dynamics of business and finance.

MBA in Banking and Finance Subjects Description
Principles of Management Fundamentals of management, including decision-making and organisational behaviour.
Managerial Economics Application of economic principles to management problems.
Marketing Management Practical application of marketing techniques within enterprises.
Organisational Behaviour Study of employee interactions and organisational processes.
Managerial Communications Effective communication strategies for managers.
Financial Reporting & Analysis Techniques for analysing financial statements.
Quantitative Techniques for Management Statistical methods and models for decision-making.

Semester II Syllabus Subjects

In the second semester, students delve deeper into specialised areas such as human resource management, international business, and advanced financial topics.

MBA in Banking and Finance Subjects Description
Human Resource Management Efficient management of people to gain a competitive advantage.
International Business Trade of goods, services, and capital across borders.
Operations Management Design and control of production processes.
Accounting Management Use of accounting information for decision-making.
Corporate Finance Financial management of corporations.
Principles and Practices of Banking Overview of banking operations and practices.
Research Methodology for Management Techniques for conducting business research.

Semester III Syllabus Subjects

The third semester emphasises strategic management, ethical aspects of business, and a focus on financial markets and services.

MBA in Banking and Finance Subjects Description
Operations Research Application of analytical methods to help make better decisions.
Bank Marketing Marketing strategies specific to banking services.
Ethics and Moral Values Moral principles and values in business practices.
Strategic Management Setting goals and objectives to enhance organisational competitiveness.
Financial Markets and Services Overview of financial markets and the services they provide.
Insurance Products and Management Understanding and managing various insurance products.

Semester IV Syllabus Subjects

The final semester covers contemporary topics in banking, such as e-banking and risk management, preparing students for the technological and managerial challenges in the industry.

MBA in Banking and Finance Subjects Description
E-banking Online banking and electronic financial transactions.
Risk Management in Banks Managing potential losses and protecting bank assets.
Human Capital in Bank Management The economic value of skills and qualities of labour.
International Financial Management Financial management in an international context.
Entrepreneurship & Small Business Management Managing small businesses and entrepreneurial ventures.
Technology in Banking, CRM and Retail Banking Technological advancements in banking and customer relationship management.

MBA in Banking and Finance: Admission Process

The admission process for an MBA in Banking and Finance involves several steps, ensuring that only the most qualified candidates are selected. 

Here’s a detailed overview.

1. Application Submission

  • Online Application

Candidates must fill out application forms available on the official websites of the respective colleges or universities.

  • Required Documents

Submission of academic transcripts, entrance exam scores, and other relevant documents is necessary. 

2. Shortlisting

  • Initial Screening

Candidates are shortlisted based on entrance exam scores for further rounds.

  • Cut-off Marks

Each institution has its cut-off marks for entrance exams, which candidates must meet or exceed.

3. Group Discussion (GD)

  • Communication Skills

Shortlisted candidates participate in group discussions to assess their communication skills, team dynamics, and problem-solving abilities.

  • Current Affairs

Topics often revolve around current affairs, business scenarios, and financial markets.

4. Personal Interview (PI)

  • Interview Panel

Candidates are interviewed by faculty members and industry experts.

  • Personal and Professional Insights

The interview focuses on the candidate’s background, career goals, subject knowledge, and suitability for the program.

5. Final Selection

  • Merit List

Based on performance in the entrance exam, GD, and PI, a final merit list is prepared.

  • Admission Offer

Selected candidates receive admission offers and must confirm their acceptance by paying the requisite fees.

MBA in Banking and Finance: Documents Required

For admission to an MBA in Banking and Finance, you typically need the following documents.

  1. Academic Transcripts
  2. Scores from relevant entrance exams such as CAT, XAT, GMAT, or others as specified by the university.
  3. Copies of undergraduate degree certificates or provisional certificates.
  4. If applicable, provide proof of work experience, including employment certificates or letters of recommendation.
  5. Passport-Size Photographs
  6. A copy of government-issued identification, such as a passport, Aadhar card, or driver’s licence.
  7. A written statement explaining your motivation for pursuing the MBA and career goals.
  8. Typically, two or three letters from academic or professional references who can attest to your qualifications and character.
  9. Curriculum Vitae (CV) or Resume
  10. Documentation showing the ability to fund your education, such as bank statements or scholarship awards.
  11. Language Proficiency Test scores from tests like TOEFL or IELTS if applying to a foreign university.
  12. Completed application form provided by the institution, often available online.
  13. Application Fee Receipt

Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility. 

MBA in Banking and Finance: Entrance Exams

Admission typically begins with management entrance exams. Here are the minimum scores required for admission to an MBA in banking and finance.

Entrance Exam

Minimum Score/Percentile Required

CAT

75-90 percentile

XAT

70-85 percentile

SNAP

70-80 percentile

MAT

500-600 composite score

CMAT

70-85 percentile

MBA in Banking and Finance: Eligibility

To pursue an MBA in Banking and Finance, candidates must meet specific academic and performance criteria to ensure they are well-prepared for the program's rigorous demands.

Below are the detailed eligibility requirements: 

Eligibility Criteria Details
Academic Qualifications Bachelor’s degree in banking, business administration (BBA), or an equivalent degree from a recognised university. The degree must be from an institution recognised by the University Grants Commission (UGC) or an equivalent authority.
Minimum Marks At least 50% average marks in the bachelor’s degree examination. Some institutions may require higher percentages.
Entrance Exam Scores Qualifying scores in relevant management entrance exams like CAT, XAT, or SNAP. Scores must be valid as per the admitting institution's norms at the time of application.
Additional Criteria Preference or requirement for prior work experience in banking, finance, or related fields by some institutions. Proficiency in written and spoken English, especially for international programs.

Explore the steps involved in becoming a successful banker.

How to Become a Banker?

Becoming a banker involves acquiring the proper education, gaining relevant experience, and developing essential skills. Here’s a concise guide. Read on!

Steps Details
1. Educational Requirements High School Diploma: Focus on mathematics, economics, and business.
Bachelor’s Degree: Earn a degree in finance, economics, business administration, or accounting.
MBA (Optional): An MBA in Banking and Finance can enhance career prospects.
2. Gain Experience Internships: Secure internships at banks or financial institutions during college.
Entry-Level Jobs: Start with positions like bank teller, customer service representative, or financial analyst.
On-the-Job Training: Participate in training programs offered by banks.
3. Develop Key Skills Analytical Skills: Learn to analyse financial data and assess risks.
Communication Skills: Enhance verbal and written communication abilities.
Customer Service: Provide excellent service to build client relationships.
Attention to Detail: Maintain accuracy in financial transactions and records.
4. Obtain Certifications Professional Certifications: Consider earning certifications like CFA, CFP, or CPA.
Continuing Education: Attend workshops and seminars to stay updated.
5. Network and Build Relationships Industry Events: Attend events and conferences to meet industry professionals.
Professional Associations: Join associations such as the American Bankers Association.
6. Seek Advancement Performance: Excel in your role and take on additional responsibilities.
Promotions: Aim for higher positions like loan officer, branch manager, or financial advisor.
Specialisation: Consider specialising in areas like investment banking or wealth management.
7. Stay Informed Market Trends: Keep up with economic and financial trends.
Regulations: Understand and comply with banking laws and regulations.

By following these steps, you can build a successful career in banking and be equipped with the necessary knowledge, experience, and skills to thrive in the financial industry.

MBA in Banking and Finance Entrance Exams for 2025

To secure a spot in one of the top MBA programs, you must perform well in entrance exams conducted by reputed colleges and universities.

The major entrance exams and their important dates for the 2025 admissions cycle are here.

Exam Name

Registration Date

Exam Date

ATMA

4th week of December 2024 – 3rd week of February 2025

4th week of February 2025

CAT

August 5 – September 21, 2024

November 26, 2024

CMAT

2nd week of March 2025 Onwards

1st week of May 2025

NMAT

August 1 – October 12, 2024

October 10 – December 19, 2024

SNAP

August 23 – November 23, 2024

  • Test 1: December 10, 2024
  • Test 2: December 17, 2024
  • Test 3: December 22, 2024

XAT

July 15 – November 30, 2024

January 7, 2025

Planning for an MBA in India? Check out the key entrance exams for 2024-25, including dates, fees, and eligibility details!

MBA in Banking and Finance: Top Institutes

Several reputed colleges and universities in India offer specialised MBA programs in Banking and Finance, combining theoretical knowledge with practical skills. 

This section presents a comprehensive list of top institutes categorised by city, along with their type (government or private) and average annual fees.

City

College Name

Type

Average Annual Fee (INR)

Mumbai

MIT World Peace University

Private

INR 3,50,000

 

Symbiosis International University

Private

INR 8,73,000

 

Symbiosis School of Banking and Finance

Private

INR 6,40,000

Bangalore

Alliance University

Private

INR 7,00,000

 

Alliance School of Business

Private

INR 13,50,000

Chennai

Suresh Gyan Vihar University

Private

INR 2,10,000

Hyderabad

Ganpat University

Private

INR 85,000

Pune

PIBM Pune

Private

INR 7,50,000

Chandigarh

Chitkara University

Private

INR 2,63,000

Jaipur

Jayoti Vidyapeeth Women’s University

Private

INR 90,000

Noida

Maharishi University of Information Technology

Private

INR 80,000

Greater Noida

Sharda University

Private

INR 2,60,000

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Top Government MBA Banking and Finance Colleges in India

India boasts some of the best educational establishments globally, offering an MBA in Banking and Financial Management. Below is a table listing the top government MBA colleges in Banking and Finance and their respective fees.

College Name Average Annual Fees (INR)
Alagappa University, Karaikudi INR 25,700
Indira Gandhi National Open University, New Delhi INR 62,000
Veer Bahadur Singh Purvanchal University, Jaunpur INR 1.02 Lakhs

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Top Private MBA Banking and Finance Colleges in India

Private colleges are known for their comprehensive curriculum, experienced faculty, and excellent placement opportunities, making them highly sought after by aspiring professionals in the banking and finance sector. 

Colleges

Total Annual Fees

SAGE University, Bhopal

INR 1.20 Lakhs

Amity Gurgaon

INR 8.2 Lakhs

SSBF Pune

INR 10.40 Lakhs

SRMU Lucknow

INR 3 Lakhs

TAPMI Manipal

INR 16.50 Lakhs

MBA in Banking and Finance vs MBA in Finance

While MBA in Banking and Finance and MBA in Finance share many similarities, there are distinct differences in their focus, skill development, and career outcomes.

Here's a comparison to help you understand these differences.

Aspect MBA in Banking and Finance MBA in Finance
Focus Core finance and allied services, specifically tailored to banking and financial services. Management professionals for the banking and financial services industry, with a broader management perspective.
Program Objective Develops professionals with expertise in financial theory and its practical applications. Develops management professionals with both technical and managerial skills.
Skills Provided Careers in core finance, fintech, and financial services. Holistic and integrative management approach, including financial management and risk assessment.
Career Path Roles in financial analysis, investment banking, fintech, and financial consultancy. Financial management, risk management, and strategic financial planning roles.

Not sure whether to choose an MBA in Banking and Finance or an MBA in Finance? Read our blog on MBA Finance to compare and decide!

MBA in Banking and Finance: Jobs Prospects

With an MBA in Banking and Finance, you can find employment in various government and private sectors. Some of the top recruiters in the field include industry giants like ITC, Google, Amazon, Oracle, HDFC Bank, State Bank of India, Central Bank of India, and Kotak Mahindra Bank.

Here’s a list of potential career paths and their respective salaries.

Job Position Job Description Average Annual Salary (INR)
Financial Manager Responsible for reviewing financial reports, monitoring accounts, maintaining reports, and analysing market opportunities. INR 11L – INR 18L
Accounts Assistant Provides administrative support to accountants and handles clerical tasks such as typing, filing, phone calls, mail, and basic bookkeeping. INR 5L – INR 6L
Investment Assistant Provides financial and banking information and recommendations to stockbrokers, managers, and stock market traders. INR 11L – INR 17L
Market Analyst Assesses financial records to ensure compliance with federal laws, profitability, and efficiency. Monitors asset ledgers, budgets, and performance objectives. INR 8L – INR 12L
Business Analyst Teaches requirements management, develops technical solutions to problems, and advances company sales efforts through defining, analysing, and documenting requirements. INR 10L – INR 15L

Whether aiming for high-level management roles or specialised positions within the financial industry, an MBA in Banking and Finance provides the knowledge and skills necessary to succeed in this dynamic and rewarding field.

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FAQs About MBA in Banking and Finance

What is an MBA in Banking and Finance?

An MBA in Banking and Finance is a specialised program focusing on the core principles of finance and banking, including financial theory, investment strategies, risk management, and banking operations.

What are the eligibility criteria for pursuing an MBA in Banking and Finance?

Candidates need a bachelor’s degree in any stream, preferably commerce, with an aggregate score of 50% or above from a recognised university.

What are the main subjects in an MBA in Banking and Finance?

Core subjects include Principles of Management, Managerial Economics, Corporate Finance, Financial Reporting & Analysis, Human Resource Management, and International Business.

How is an MBA in Banking and Finance different from an MBA in Finance?

An MBA in Banking and Finance focuses on financial services and banking operations, while an MBA in Finance covers broader financial management and investment strategies.

What is the bank job salary per month for MBA Banking and Finance graduates?

The average starting bank job salary per month for MBA in Banking and Finance graduates ranges from INR 10 LPA to 18 LPA annually, translating to approximately INR 83,000 to 1,50,000 per month.

What are the career prospects after an MBA in Banking and Finance?

Graduates can pursue roles such as Financial Manager, Accounts Manager, Investment Banker, Market Analyst, and Business Analyst.

What is the salary structure for various job roles in banking and finance?

  1. Financial Manager: INR 11 L – 18 L annually
  2. Accounts Assistant: INR 5 L – 6 L annually
  3. Investment Assistant: INR 11 L – 17 L annually
  4. Market Analyst: INR 8 L – 12 L annually
  5. Business Analyst: INR 10 L – 15 L annually

Which entrance exams are required for an MBA in Banking and Finance?

Common entrance exams include CAT, XAT, SNAP, MAT, and CMAT.

What are the top colleges for pursuing an MBA in Banking and Finance?

Some top colleges include Symbiosis International University, MIT World Peace University, Sharda University, and Alliance University.

How to become a banker after earning an MBA in banking and finance?

Graduates can start in entry-level positions like bank tellers or financial analysts and work up to higher roles through experience and additional certifications.

Is an MBA in Banking and Finance worth it?

Yes, it is worth pursuing due to the high demand for banking professionals and the excellent compensation packages offered in the finance sector.

What is the banking salary per month for an MBA graduate?

Banking salary per month can range from INR 83,000 to 1,50,000, depending on the role and experience level.

Are there opportunities for further study after an MBA in Banking and Finance?

Yes, graduates can further pursue a Doctorate in Banking and Finance to enhance their qualifications and career prospects.

What are the critical skills developed by an MBA in banking and finance?

The program develops financial analytical skills, strategic management abilities, risk assessment, and financial tools and technologies proficiency.

Can MBA graduates in Banking and Finance work internationally?

There are numerous opportunities for MBA graduates in international markets, particularly in financial hubs like New York, London, and Singapore.

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