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Jagpreet
26 July, 2024
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Making money is art and working is art and good business is the best art. – Andy Warhol
Do you want to get to the peak of financial success? Make yourself stand on top of the mountain and do whatever you want. Many people believe that they must have money to earn money. The online MBA in the banking and finance sector in India is expanding at the moment, and the growth of this sector is creating a demand for candidates with an MBA in banking and finance degree.
MBA in Banking and Finance is a postgraduate programme that provides strong foundation in concepts like money management, fraud management, loan management, money laundering, and more. It enables students to integrate management practices and theories with principles of marketing, accounting, finance, and economics to solve business problems.
An Online MBA in Banking and Finance is divided into four semesters and covers a variety of specialised subjects. It additionally involves project work or dissertation that students are required to submit in their fourth semester.
This online MBA programme is delivered in virtual mode via digital methods Online MBA in Banking and Finance classes can be taken with live audio-video lectures. Students can also access to pre-recorded lectures through the Learning Management System (LMS). While pursuing online MBA in Banking and Finance, it opens up a variety of career opportunities in the baking and financial sectors including bank manager, portfolio manager, budget analyst, and more.
| Course Name | Online MBA in Banking and Finance |
| Course Level | Postgraduate |
| Course Duration | 2 Years |
| Eligibility Criteria | Bachelor’s Degree |
| Admission Process | Merit and Entrance Examination |
| Course Fee | INR 50,000 – INR 8,00,000 |
| Career Prospects | Financial Analyst, Investment Banker, Credit Risk Analyst, Wealth Manager, Financial Risk Manager, Budget Analyst |
| Employment Areas | Banking and Insurance, Investment Banking, Wealth Management, FinTech, Financial Consultancy |
Career Opportunities: Enhance career prospects with skills highly sought after by financial institutions, including risk assessment, banking regulations, fintech innovations, and financial modeling.
Flexibility and Convenience: Enjoy the flexibility of online learning, allowing you to study at your own pace and balance coursework with professional commitments and personal life.
Networking and Collaboration: Engage with a diverse cohort of professionals and experts in the finance industry, building a strong network that can provide career guidance, mentorship, and potential job opportunities.
If you have studied your undergraduate course related to finance and accounting and want a better career in the same field, you can pursue an MBA in Banking and Finance. An MBA in Banking and Finance will teach you to analyse financial statements and understand financial forecasting. An MBA in Banking and Finance provides comprehensive knowledge of advanced banking and financial concepts, methodologies and tools.
With an online mode option, you have the chance to study from home or any location to create a balance between professional responsibilities and personal life. This balance is important to the overall well-being and fulfilment of working professionals. Furthermore, the flexibility lets students acknowledge what they have learned in their current job resulting improved performance and productivity.
To put more emphasis on online MBA programmes, they provide significant and broad advantages. They provide unparalleled flexibility, savings in fees, and many networking opportunities. They also provide access to advanced technology, which makes them a great option for aspiring business leaders.
Get Better Job Opportunities: You can advance your career in banks and financial institutions.
Learn about Finances: Understand how to analyse finances and manage challenges.
Work Around the Globe: Look for finance and consulting jobs worldwide.
Start Your Own Business: Learn how to start a fintech or consulting business.
Meet Important People: Networking is a great way of communication. You can network and learn with experts and alumni to build your career.
The minimum eligibility requirement for Online MBA in finance and banking, candidate must be a graduate of a recognised University. Students with a minimum of 50% and one year of relevant work experience are eligible to take up this course. Online MBA Banking and Finance courses are also applicable to:
Early-career professionals seeking jobs in banking and financial management
Mid to senior-level managers and business leaders in the banking and financial services industry
Risk management consultants
Financial professionals
The eligibility requirements for an online master’s degree in banking and finance can vary from one institution to another. The eligibility criteria for an online MBA in Banking and Finance are as follows:
| Educational Qualification | Candidates must have completed their bachelor’s degree in a related field from a recognised university with 50%. |
| Entrance Exams | Popular entrance exams include CAT/ MAT/ XAT/CMAT/GMAT/NMAT. |
| Age | No age bar |
| Work Experience | A minimum of one year of work experience in a relevant domain is preferred. |
Candidates can follow the steps for Online MBA in Banking and Finance admission to the course:
Step 1: Candidates must go through the official website of their chosen university/institute.
Step 2: Candidates must register themselves on the official website by entering their email ID and create a unique password.
Step 3: After the registration is completed, candidates must verify their email id and complete the online application form with the required details.
Step 4: Next candidates must submit the application form along with the important documents.
Step 5: Candidates must wait for the confirmation of admission from the university/institute.
Step 6: The last step is to pay the course fees.
| Semester 1 | Semester 2 |
| Business Economics | Entrepreneurship |
| Managerial Effectiveness and Ethics | Marketing Management |
| Accounting and Finance | Banking, Financial Services and Insurance |
| Organisational Behavior and Human Resources Management | Corporate Law |
| Quantitative Techniques for Business Decisions | Business Analytics |
| Semester 3 | Semester 4 |
| Business Research Methods | Management of Financial Services |
| Operations Management | Financial Management and Valuation |
| Banking Domain – Retail and Corporate Business | Financial Analysis and Audit Reports |
| KYC in Banking | Digital Banking – Fraud and Risk Management |
| Open Elective: Customer Service and Banking Codes and Standards | Cross-Functional Elective Course |
| University | Online MBA in Banking and Finance Fees |
| Jain University Online | INR 2,20,000/- |
| SOL DU | INR 52,570/- |
| Manipal Online University (Finance) | INR 1,75,000/- |
| DY Patil Online University (Finance) | INR 1,69,200/- |
| Online Amity University (Finance) | INR 1,95,000/- |
| Online Chandigarh University (Finance & Banking) | INR 2,00,000/- |
Some of the top online MBA Banking and Finance recruiters are tabulated below:
| JPMorgan Chase | ICICI Bank |
| Morgan Stanley | Goldman Sachs |
| Deloitte | State Bank of India |
| HDFC Bank | TCS |
| Job Roles | Base Salary (Annually) |
| Financial Analyst | ₹ 4 Lakh – ₹ 9 Lakh/yr |
| Investment Banker | ₹ 7 Lakh – ₹ 20 Lakh/yr |
| Budget Analyst | ₹ 4 Lakh – ₹ 24 Lakh/yr |
| Portfolio Manager | ₹ 7 Lakh – ₹ 29 Lakh/yr |
The salaries listed above may vary depending on location, organisation, and level of experience.
An online MBA in Banking and Finance is a programme that prepares you with the necessary skills and knowledge. It also creates opportunities for successful careers in a variety of fields. Pursuing this MBA degree online will allow you to advance into leadership positions in top companies. Students have the opportunity to improve their chances of a successful and beneficial career in banking and finance.
Yes, MBA Banking and Finance Management Online Courses are approved by UGC/DEB/AICTE and also by the government of India. Students’ certificates are valid in all government and private organisations also. In fact, their Certificates can be verified by government organisations.
Yes, Online MBA Banking and Finance Management is approved for study in India and abroad also.
Yes, Students can pay their fees in instalments either semester-wise or year wise.
The examination can be held in either offline mode or online mode at the concerned centres as per university rules.
The most important factor in determining the credibility and quality of online MBA programmes is accreditation. Accredited programmes ensure that the curriculum meets the necessary educational standards, so employers are more likely to hire candidates from accredited online MBA programmes.
