Online MBA Courses in Banking and Finance

The online MBA in Banking and Finance is a two-year postgraduate management program that provides students with in-depth knowledge about the functioning of banking and finance systems, stock markets, the world economy, financial risk management, etc. In this course, concepts such as cyber fraud, money laundering, etc. are also covered. Anyone joining an online MBA in Banking and Finance will be equipped with various skills that help them gain a competitive edge in the ever-changing economic scenarios.

The two-year Online MBA in Banking and Finance course is divided into 4 semesters. The syllabus covers a wide range of subjects that are crucial for comprehending banking operations, financial markets, financial instruments and regulations, and the global financial landscape. The curriculum includes core subjects, electives or specializations, capstone projects, and practical classes.

MBA in Banking and Finance program is available in various modes. A student can choose to pursue a regular/classroom, distance, or online course. Working professionals prefer to opt for an online MBA in Banking and Finance due to the ease and convenience it offers. In distance learning, online study materials will be provided to the students but there won’t be any classes or interaction between students and tutors. Regular MBA, which follows the traditional classroom teaching method, demands the students to attend college on fixed schedules.

There are several advantages to enrolling for an online MBA in Banking and Finance. Mentioned below are some key benefits:

• Flexible Schedule- The online MBA in Banking and Finance is a completely flexible course. Students can learn the topics at their own pace and access the study resources from anywhere.
• Training by ExpertFaculty- The course content is taught by expert faculty members. Students also get to interact with industry leaders during webinars, thus paving the way for enhanced learning opportunities.
• Networking Opportunities- The online MBA course provides students the opportunity to network with industry professionals. This will help them obtain internships or job opportunities. 
• Cost Effectiveness- In terms of money, online programs cost less compared to offline courses as they eliminate the need for lodging and transportation. The tuition fees are also affordable.
• Technological Proficiency- Today, the world is seeing many technological revolutions and the growing sectors are employing the latest technologies to streamline the work. Online MBA in Banking and Finance program provides proficiency in digital tools and platforms, making students industry-ready.
• Career Growth and Advancement- The Online MBA helps to climb up the career ladder as students see a drastic rise in salary and job opportunities.

The online MBA in Banking and Finance course subjects vary across universities. However, a well-planned curriculum is aimed at preparing students for leadership roles in financial institutions, investment firms, consulting firms, government agencies, and multinational corporations. 

Mentioned below are the MBA in Banking and Finance subject lists for the two years.

First-Year MBA Banking and Finance Syllabus

The MBA in Banking and Finance subjects of 1st year lay the foundation of essential concepts and principles in finance and banking.

Semester 1 Subjects

• Managerial Effectiveness and Ethics
• Principal of Economics and Markets
• Accounting and Finance
• Organizational Behavior and Human Resources Management
• Quantitative Techniques and Analytics

Semester 2 Subjects

• Marketing Management and Research
• Introduction to Banking
• Banking Operations and Activities
• Banking Transactions and Services
• Entrepreneurship

Second-Year MBA Banking and Finance Syllabus

MBA in Banking and Finance subjects of 2nd year provides students with in-depth knowledge about various facets of finance and banking. 

Semester 3 Subjects

• Business Environment and Strategy
• Operations Management
• Anti Money Laundering
• KYC in Banking
• Customer Service and Banking Codes and Standards
• Open Elective Course

Semester 4 Subjects

• Management of Financial Services
• Project Risk Management
• Master Thesis /Project
• Financial Analysis and Audit Reports
• Financial Management and Valuation
• Digital Banking Fraud and Risk Management

MBA in Banking and Finance Elective Subjects

• Investment Banking
• Corporate Finance
• Financial Markets 
• Credit Management
• Asset Valuation
• Regulatory Compliance

Online MBA in Banking and Finance courses offered by Indian universities are open to both Indian and foreign nationals. However, the eligibility criteria for the two student groups are different.

MBA Eligibility Criteria for Indian Students

• Bachelor’s degree in any discipline with a minimum of 40 % marks from a recognized university
• A work experience of 1- 2 years. This is not compulsory.

MBA Eligibility Criteria for Foreign Students

• Bachelor's degree or equivalent from a recognized institution. 
• Proof of English proficiency through tests such as TOEFL or IELTS is usually needed in case the applicant has not received previous education in English.

For an online MBA in Banking and Finance, a student can choose to pay yearly, semester-wise, in lumpsum, or installments, depending upon the university rules. There is an initial admission and processing fee that both Indian and international students have to pay. The fee for international students is usually higher than that of the native candidates. The average tuition cost for an online MBA in Banking and Finance is INR 80,000 to INR 24,00,000.

The admission process for an online MBA in Banking and Finance is very simple. Just follow the below steps:

• Fill out the online registration form on the college website and pay the registration fee.
• Log in to the admission portal using the credentials shared over email after registration. 
• Furnish online application form. 
• Upload academic transcripts, proof of work experience, ID proof, etc. requested by the college.
• Pay the enrollment fee.
• Once all the evaluations are done, the successful candidates will get an admission offer.

The majority of universities do not demand an MBA entrance exam score for admission to an online MBA in Banking and Finance. However, some colleges may ask for a valid test score. The following are some national, state, and university-level MBA entrance exams students can take:

• Common Admission Test (CAT) 
• Xavier Aptitude Test (XAT)
• Management Aptitude Test (MAT)
• Common Management Admission Test (CMAT) 
• Maharashtra Common Entrance Test (MAH CET)
• Karnataka Management Aptitude Test (KMAT) 
• Delhi University Joint Admission Test (DU-JAT) 
• BITS Pilani MBA Entrance Exam

An MBA in Banking and Finance offers different job positions for the graduate. These include:

• Bank Manager
• Private Equity Analyst
• Portfolio Manager
• Investment Manager
• Financial Advisor
• Financial Consultant
• Commercial Banker

Some of the top recruiters of online MBA in Banking and Finance graduates include multinational giants such as Barclays, State Bank of India, KPMG, Infosys, Boston Consulting Group, and Goldman Sachs.

There are several colleges, both private and government that offer online MBA in Banking and Finance.

Top Private Colleges for MBA in Banking and Finance

• Jain University
• Manipal University

Online MBA in Banking and Finance graduates have massive scope for career growth and development. It opens a wide array of opportunities in the financial sector, from positions in banks and other financial institutions to getting jobs related to cyber security and fraud detection.  The course equips the candidates with different skills, thus amplifying their chances of being employed in different roles in different verticals. The salary prospects are lucrative, and a candidate can easily find a way to climb to higher leadership roles.

Online MBA in Banking and Finance provides a plethora of job opportunities across various sectors especially in finance hubs like Mumbai, Delhi, and Bangalore. Candidates can secure employment in areas such as investment banking, corporate finance, commercial banking, asset management, and financial consulting.

Even out of India, the scope for a candidate with an MBA in Banking and Finance is huge. Rapid growth and increasing integration with global markets are augmenting career prospects abroad in a big way.

A candidate with an MBA in Finance and Banking can draw a salary anywhere between INR 8 to INR15 lakhs per annum, depending on the prestige of the business school, the individual's academic performance, and prior work experience.

Is there any need for an entrance test to pursue an online MBA in banking and finance?

Most colleges do not require the results of an MBA entrance test to admit students to their online MBA program in Banking and Finance. Still, some universities might request a legitimate test result. 

For whom the MBA in Banking and Finance is most beneficial?

Online MBA in Banking and Finance is particularly beneficial for banking professionals, investment managers, and corporate finance specialists looking to transition into higher-level roles. People wanting to specialize in areas such as risk management, financial consulting, investment banking, etc can also benefit immensely from the program.

What is the average salary learners can get after an MBA in Banking and Finance?

After completing an online MBA in Banking and Finance, a candidate can expect a base salary of INR 8 lakhs - 12 lakhs per annum depending on the job role. With experience, the candidate can earn more salary.

Is there any scholarship offered to the students to do MBA in Banking and Finance courses?

Some universities may offer scholarships to deserving students based on their merit or economic status.