MBA in Banking and Finance has occupied key value among the most preferred MBA courses in top MBA colleges. The demand for the Banking, Finance and Insurance Management professionals has been rising year after year. India, being one of the fastest and largest major economies in the world with a large and upcoming Banking, Finance and Insurance services sector is moving up to actualize its full growth potential. As a result there is a consistent increase in the demand for the skilled and well qualified management professionals with expertise in Banking and Finance to function in the challenging BFSI sector.
The MBA in Banking and Financial services program equips the budding managers with the skills required for successful career in Banking and finance sectors, mergers, acquisitions, managing the assets of a banking or insurance company in the right manner. The MBA in Banking and Financial Services is globally recognized qualification focused on taking initiatives in changing environment of Banking and Financial services sector. Financial Planning, controlling and managing the financial resources are the major functional areas for which industry needs MBA in Banking & Financial services
Top MBA Colleges for Banking and Finance in India include IIM Kozhikode, IMI New Delhi, IMT Ghaziabad, TAPMI Manipal, GIM Goa, SSBF Pune while IIM Ahmedabad, IIM Calcutta, IIM Lucknow, FMS Delhi, offer Banking and Finance as key elective in their Specialization in Finance.
This article will help you learn about following:
In India, different types of MBA Colleges offer MBA in Banking and Financial Services of different nature and duration but their coverage areas are same.
The eligibility criteria for MBA in Banking and Finance Admissions have two most important points:
Let us know about each type of institutes offering MBA in Banking and Finance with the programme name, duration.
Apart from these MBA colleges offering full time MBA in Finance Management courses, there are number of MBA colleges offering Part Time MBA in Banking and Finance Management like SIMSREE Mumbai, BITS Pilani among others.
MBA in Banking and Finance Vs MBA Finance
MBA Banking & Finance and MBA in Finance both equip students to pursue careers in the financial world, in domains such as corporate finance, investment banking, and wealth management.
However, the key difference in both the programmes is that while MBA in Finance focuses on the core finance and allied services industry and aspires to meet the significant unmet industry needs. The program is based on financial theory & application, with an aim to equip young graduates with knowledge and skills necessary for a successful career in the core finance, fintech, and financial services industry.
MBA in Banking & Financial Services is designed to cater to the growing needs of management professionals for Banking and Financial Services industry. The program is focused to develop quality management professionals equipped with technical and managerial competency. The focus of the program is to develop a holistic and integrative approach towards management in Banking and Financial Services industry.
MBA Banking and Finance job opportunities exist in Banking, Corporate Finance, Accounting & Taxation, Investment Management, Mergers & Acquisition, Fund Management, International Finance, Insurance Management, Stock Portfolio Management among other key areas.
The graduates with MBA in Banking and Finance are offered key roles and profiles like Financial Analyst, Credit Risk Manager, Portfolio Manager, Treasury Manager, Derivatives Trader, Structuring, Assistant Vice President – Finance/Corporate Banking, Corporate Finance Manager among others
After completing your MBA in Banking & Finance, career opportunities are open in banking, finance, accounting, taxation, asset management areas that offer high salary packages to the finance management MBA graduates. If you have done MBA in Banking Finance from a top MBA college, the average salary offered in accordance with the role offered can go as high as Rs. 10 to 20 lakhs per annum. Even after doing the MBA in Banking and Financial Management from Tier-2 B-school, there is no dearth of jobs in companies. The average starting compensation offer
Many top B-schools have reported good placements for their MBA in Banking and Financial services Programs. For example, TAPMI Placements 2020 for its specialist PGDM BKFS program have recorded a 12.65% rise in average salary.
Some of the top recruiters who look for candidates with MBA in Banking and Finance qualification include KPMG, Deloitte, Boston Consulting, Axis Bank, Yes Bank, ICICI, Goldman Sachs, Morgan Stanley, CRISIL, J P Morgan, Barclays, McKinsey, Lehman, Bain & Co, Merrill Lynch among others.
Top recruiters at IMI: Recruiters included American Express, Axis Bank, ICICI Bank, Citi Bank, Future Generali, LTFS, S&P Global, TresVista, HDFC Bank, HDFC Life, ICICI Prudential, Tata Capital, SBI Card , HSBC Bank , CRISIL, Darashaw, CARE Ratings , IndusInd Bank , ANZ Bank among others.
Top Recruiters at TAPMI: Top companies such as Alien Technology, Arcesium, Bajaj Finserv, Deloitte, Exide Life Insurance, EY, Future Generali, Grant Thorton, HDFC, HDFC Life Insurance, HSBC, Infosys participated in Placement 2020 at TAPMI.
Top Recruiters at K J Somaiya: Among the principal offers made, the students have received job offers from Industrial Sectors like Banking and Insurance Sector, IT & ITES, Financial Services, Consulting, FMCG and Manufacturing.
The MBA Banking and Finance course Syllabus is designed in such a way that the Management graduate is able to handle multiple financial management tasks simultaneously. The key topics in MBA in Banking and Finance course subjects as included in IMI, IMT, TAPMI, SSBF among other top MBA colleges are:
To summarize, MBA Banking and Finance is a good choice for MBA aspirants who are good with numbers and will like to work with fast growing sectors like Private Banking, Financial Services (AMC, Wealth Management etc), Insurance, Corporate Finance and related areas. You can either decided to pursue MBA in Banking and Financial services from a good B-school (List above) or select a Specialized Institute in area of your choice. Above list of MBAin Banking & Finance Colleges in India will help you.
The MBA programs in Banking and Finance range from being standalone to part-of-regular MBA program, from full-time to part-time and many other options. While all 2-year Full-Time Regular MBA programs offer this specialization in second year of their program, there are a few top Institutes offering Specialized MBA in Banking and Finance right from the day one.
If you pursue General MBA in top B-schools, you can choose your specialization in the end of first year but if you are taking admission in the specialized MBA program, you pursue your specialization on the day one of the first year. So, before entering the MBA program, you should give a thought to the idea whether you wish to choose your specialization after one year of study or want to pursue MBA in Banking and Finance without leaving scope for change.
If you are passionate and clear about making a career in MBA in Banking and Finance, you can go for full time MBA in Banking & Finance specialization and join the specialized program right from beginning. Please note that top B-schools like IMI, SSBF, IMT, TAPMI conduct separate GD-PI-WAT for admission to MBA/PGDM in Banking and Finance programs.
If you have less time and wish to complete your MBA specialization faster, you can join one year full time MBA offered by many top B-schools. But if you are a working professional and cannot join a regular program, you can opt for part time or online MBA specialized program.
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