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Home > Articles > MBA Banking and Finance: Admission, Eligibility, Entrance Exams, Top Colleges, Syllabus, Salary 2024
Updated on 02nd September, 2024 , 6 min read
There are numerous Indian institutions that offer the two-year full-time postgraduate MBA in Banking and Finance program in management banking. An MBA in Banking and Finance offers a solid grounding in these fields and aids in understanding the procedures involved in checking accounts, saving money, exchanging money, and granting credit and loans.
Candidates who have completed their bachelor's degree in banking or any comparable degree with an average cumulative score of 55% of marks from an accredited university are eligible to pursue an MBA in Banking and Finance. MBA entrance examinations like the CAT, XAT, SNAP, and CMAT are used to determine admission to MBA programs in banking and finance. The typical course cost falls between INR 3,50,000 and INR 8,00,000.
Students can pursue careers as bankers after earning an MBA in Banking and Finance. A banker's starting salary typically falls between INR 10 and 18 lakhs per annum, but with experience and updated skills, this can gradually increase.
A fully developed BFSI (Banking, Financial Services, and Insurance) sector is a must for an economy to progress. As a result, the MBA in Banking & Finance management program is critical. Banking Operations, Financial Accounting, Services Marketing, Legal Aspects of Banking, Investment Banking, Business Communication, Taxation, and other major subjects are covered in the MBA in Banking and Finance curriculum. As the infusion of technology and expansion of services is resulting in a surge in demand for professionals with requisite qualifications, the MBA in Banking & Finance management program is aimed to produce smart finance professionals as per the industry's demand. Now, let's understand the depth of the sector and more about the MBA in Banking & Finance management program.
Banking and Finance takes a look at the fast-paced world of money, stocks, credit, and investments. Finance is an important component of our economy because it provides the liquidity (money or assets) that individuals and businesses require to invest for the future. An MBA in Banking, Finance, and Insurance combines the study of modern economics with banking and finance. Students who specialize in it are introduced to a broad range of economic subjects, including banking, financial intermediation, asset and liability management, financial decision-making, financial markets and institutions, and accounting.
The MBAs in BFSI usually work according to the product requirement of individuals or groups of people and help them with financial solutions.
Particulars | 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 | Accounts Manager, Marketing Manager, Executive Assistant, Marketing Analyst, Business Analyst, Finance Manager, Cashier, Equity Research Analyst, Investment Banker, Corporate Analyst |
Top Recruiters | ICICI, YES Bank, State Banks, Indian Bank, Harman, HCL, Newgen, LAVA, Bajaj Alliance |
Know More About- MBA Specializations -
The MBA banking and finance admission process depends on its eligibility criteria, which vary from one university to another based on student intake, reputation, and ranking. The MBA in Banking admission process is done through a merit list or through a management quota.
The MBA in Banking & Finance Management syllabus includes both theoretical and practical subjects. This post-graduation degree course helps the students to enhance their banking and finance skills.
Listed below are some important theoretical MBA in Banking and Finance subjects:
The annual weekly syllabus for MBA Banking and Finance is given below. The syllabus may vary from one college to another.
Year I | Year II |
Principles of Management and Organizational Behavior | Financial Institutions and Services |
Managerial Economics | Management Control Systems |
Accounting and Finance for Managers | Banking and Insurance Marketing |
Marketing Management | Management of Banking and Insurance Companies |
Human Resource Management | Commercial Banking and Role of RBI |
Quantitative Techniques for Management | Mutual Fund Management |
Research Methods for Management | Merchant Banking |
Corporate Communication | Business Environment and Ethics |
Operations Management | Strategic Management |
Colleges in India offering MBA | |
UPES Dehradun | LPU Jalandhar |
SRM University Chennai | GD Goenka University, Gurgaon |
Chandigarh University | BML Munjal University, Gurgaon |
Manipal University (MAHE) | Jaipuria Institute of Management, Noida |
IPE Hyderabad | IFIM Business School |
Admissions to this course are based on personal interviews based on merit lists or entrance exams. Most colleges conduct counseling and select students based on their bachelor's degree or merit list prepared by the university.
Candidates who have passed the entrance examination conducted by the College are required to appear for a personal interview. Some colleges admit students directly to this course.
Listed below are the best MBA in Banking and Finance Colleges in India according to NIRF ranking;
Top Colleges in Banking & Finance | NIRF Ranking |
IIM Bangalore | 2 |
IIM Calcutta | 3 |
IIM Kozhikode | 6 |
Xavier School of Management Jamshedpur | 9 |
MDI Gurugram | 10 |
SSBF Pune | 22 |
XIMB Bhubaneswar | 31 |
KJ Somaiya SIMSR | 56 |
MBA tuition fees in banking and finance programs may vary from college to college. There are different scholarship programs for students who want to pursue this course. General course fees range from Rs 80,000 to Rs 24,00,000.
College | Fee Structure |
Xavier Institute of Management (XIMB) | Rs 12.55 Lakhs |
SIBM Pune | Rs 13.8 Lakhs |
IIM Lucknow | Rs 19 Lakhs |
IIM Calcutta | Rs 23 Lakhs |
IIM Bangalore | Rs 23 Lakhs |
Alliance School of Business, Bangalore | Rs 13.50 Lakhs |
MIT-WPU Pune | Rs 3.50 Lakhs per year |
Chitkara University | Rs 2.63 Lakhs per year |
Alliance University | Rs 7 Lakhs per year |
Sharda University | Rs 2.60 Lakhs per year |
Symbiosis School of Banking and Finance | Rs 6.40 Lakhs per year |
Ganpat University | Rs 85,000 per year |
Finance and banking is an industry with many opportunities and growth. Studying MBA in Banking and Finance in India opens up various career opportunities in the banking and corporate sectors. In addition to job security, banks also offer lucrative salary packages to graduates. In addition to job security, banks also offer lucrative salary packages to graduates.
The experience they have gained working in the banking sector opens up many other job opportunities. Chartered Accountants have a lot of job opportunities in India and abroad. These professionals can also seek employment in various sectors such as in government and private sectors, budget planning, market research, consultancies, public accounting firms, and corporations.
They can work as part-time employees in this field. These professionals can also choose teaching jobs at universities and colleges. Upon completion of the course, graduates may initially enroll as a trainee or accountant. Some common positions where graduates work are:
Investment Banker | Corporate Analyst | Executive Assistant | Marketing Analyst | Accounts Manager |
Cashier | Business Analyst | Finance Manager | Equity Research Analyst | Marketing Manager |
Further Study: Candidates who want to pursue a Ph.D. in Banking and Finance can go for further courses. After completing this course, graduates can pursue higher positions and pursue higher careers.
The average salary depends on many factors such as the policies of the companies, the expertise of the person interested in the job, the knowledge about the field and so on. The average salary for an MBA job in banking and finance ranges from Rs 5 lakh to Rs 11 lakh.
Job Position | Average Annual Salary (INR) |
Financial Manager | 11 L – 18 L |
Accounts Assistant | 5 L – 6 L |
Investment Assistant | 11 L – 17 L |
Market Analyst | 8 L – 12 L |
Business Analyst | 10 L – 15 L |
There are numerous parallels between MBA Finance and MBA Banking and Finance. However, some fundamental distinctions exist. Below is an explanation of them:
MBA in Banking and Finance | MBA Finance |
Focuses on core finance and allied services | Focuses on making management professionals for Banking and Financial Services industry |
The program develop professionals who are master of financial theory & application | The program develops management professionals who are equipped with technical and managerial ability |
Provides skills for career in the core finance, fintech, and financial services industry | They develop a holistic and integrative approach towards management in the Banking and Financial Services industry. |
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By - Nikita Parmar 2024-09-06 10:59:22 , 6 min readPursuing an MBA in banking finance provides a thorough comprehension of advanced banking and financial principles, encompassing concepts, methodologies, and tools.
If one is interested in working for a bank, the MBA Finance and MBA Marketing or PGDM is the highly recommended course.
The career opportunities in finance are in the form of asset management, financial advisory, retail banking, planning and taxation, accounting, equity analyst, risk management, business analyst, sales and trading, personal finance, insurance, etc.
The average base salary for MBA graduates in banking and finance is 3-7 LPA but with experience, it goes as high as 20 LPA.
MBA in Banking and Finance eligibility criteria candidates are required to have a bachelor's degree in BCom, BBA, or any equivalent degree with a minimum of 50% marks for unreserved category and 45% for SC/ST/OBC category students
Courses can be quantitatively rigorous, requiring a good grasp of the basics of mathematics and statistics.