MBA in Banking & Financial Services: Type of Courses, Top MBA colleges, Course Syllabus

Add Review

close
MBA ADMISSION ALERT! LAST DATES FOR TOP CAT, XAT COLLEGES
GREAT LAKES Chennai (Avg. Salary Rs. 18.10 LPA) Open   | Apply Now
JAGSoM Bangalore (Avg. Salary Rs. 13.3 LPA) Open   | Apply Now
BIMTECH Greater Noida (Avg. Salary Rs. 11.24 LPA) Open   | Apply Now
IFMR GSB Krea University (Avg. Salary Rs. 13.5 LPA) Open   | Apply Now
IMT Nagpur PGDM Admission 2024 Open   | Apply Now
Mahindra University MBA Admission 2024 Open   | Apply Now
Jaipuria Noida, Lucknow, Indore and Jaipur Open   | Apply Now
XIME Bangalore Admission 2024 Open   | Apply Now
SDA Bocconi Asia Center Admission Open   | Apply Now
NDIM New Delhi Admission 2024 Open   | Apply Now
Attend MOCK GD PI by MALAY RAY | Best B-schools for CAT/XAT 50-80%?
Attend Free Webinar on Sat, Feb 24, 5:00 PM | Limited Seats | Register Now

Register now for latest MBA Exam & Admissions Updates

Updated on
October 3, 2023

MBA in Banking & Finance: Key Highlights, Top Colleges, Types and Modes of Program, Cut off, Fee, Placements, Admission Process

 

Latest Updates: 

  • IMI New Delhi PGDM Banking & Financial Services (PGDM-B&FS) 2021-23 batch completed strong Placements 2023 with average salary of Rs.17.01 LPA and Highest Salary of Rs.50 LPA; Application for PGDM-B&FS 2024 Admission is Open
  • IMT Ghaziabad PGDM Banking and Financial Services (BFS) 2021-23 batch completed Placement 2023 with Average Salary at Rs.16.27 LPA and Highest Salary has gone up at Rs.28.75 LPA; Application for PGDM-BFS Admission 2024 is Open

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. Because of growing industry demand, MBA in Banking & Finance in India has become one of the most preferred specialized MBA courses. IIM Ahmedabad, IIM Bangalore, IMT Ghaziabad, IMI New Delhi and many other leading B-schools are offering different types of MBA in Banking and Finance programs.

 

Read the Table of Contents below to know the key highlights and importance of MBA in Finance program, Top MBA Colleges for MBA in Finance in India, MBA Finance Eligibility, MBA Finance Jobs and Career Options, current average salary offered and more

 

MBA in Banking & Financial Services

Table of Contents

  1. What is MBA in Banking & Finance in India? Key Details & Scope
  2. Type of MBA in Banking and Finance Colleges in India
  3. Top MBA Colleges for MBA in Banking & Finance in India
  4. MBA in Banking and Finance IIM offered programmes
  5. MBA in Banking & Finance Offered by Top Colleges in India as Stand Alone Programme
  6. Top MBA Banking and Finance Colleges Offering Specialization within 2-year Full-time General MBA
  7. Top Colleges offering MBA in Banking, Finance and Insurance apart from specialization in Stock Markets, & related programs
  8. MBA Banking & Finance Eligibility Criteria for Admission
  9. MBA Banking and Finance Admission Process
  10. MBA in Banking and Finance Fees
  11. MBA in Banking and Finance Placements
  12. MBA in Banking & Finance Scope and Career Options
  13. MBA in Banking and Finance and MBA Finance: Key Difference
  14. MBA in Banking and Finance Syllabus and Courses
  15. Which MBA in Finance Specialization is Best for You? Decide before Joining

1. What is MBA in Banking & Finance in India? Key Details & Highlights
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 a 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 skilled professionals in MBA in Banking & Financial services  

Alert! MBA Admissions 2024 Closing for Top CAT, XAT Colleges | Apply Now 
GREAT LAKES Chennai | Closing Soon | Apply Now BIMTECH Greater Noida | Closing Soon |Apply Now
BIM Trichy | Closing Soon | | Apply Now JAGSoM Bangalore Admission 2024 | Apply Now
SDA Bocconi Asia Center Admission | Apply Now IFMR GSB Krea University | Closing Soon | Apply Now
Woxsen University Admission 2024 | Apply Now       Jaipuria Institute of Management | Apply Now
IMT Nagpur | Closing Soon | Apply Now IMT Hyderabad |Closing Soon| Apply Now
SOIL Gurgaon | Closing Soon | Apply Now Mahindra University Hyderabad MBA Apply Now
IBA Bangalore Admission 2024 | Apply Now JIMS Rohini Delhi PGDM Admission 2024 | Apply Now

Got Interview Calls? Attend MOCK GD & PI by MALAY RAY Sir Missed Calls? Check Best B-schools To Apply with CAT/XAT 50-80%? Attend Free Webinar on Saturday, Feb 24, 5:00 PM | Register Now

 

Key highlights of MBA in Banking and Finance specialization are:

  • MBA in Banking and Financial Services Specialization is an AICTE approved or UGC Recognized programme
  • MBA Banking and Finance Jobs and Career Options are offered at high salary packages with diverse roles
  • MBA in Banking Finance programme improves skills in Financial Management, Corporate Financial Planning, Corporate Acquisitions & Mergers, Accounting, and Banking
  • Private Equity Companies, Corporates, Banks, Asset Management Companies, and Insurance Companies are some of the top recruiters of MBA in Banking Finance
  • Top MBA colleges offering specialization in Banking and Finance 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. 

2. Type of MBA in Banking and Finance Colleges in India
In India, MBA Colleges offer MBA in Banking and Financial Services courses of different nature and duration including the following:

  • 2-Year Full Time MBA in Banking and Finance Specialization by IIM like IIM Kozhikode;
  • 2-Year Full Time MBA in Banking and Finance Specialization or MBA Equivalent PGDM by B-Schools and Universities like IMI, IMT, TAPMI, GIM Goa;
  • MBA in Banking and Financial Services Specialization offered within 2-year full time General MBA/PGDM Program like IIM Ahmedabad, IIM Calcutta, FMS Delhi
  • Top Colleges offering MBA in Banking, Finance and Insurance apart from specialization in Stock Markets, & related programs like MSE, BSE, DSE, NIFM

3. Top MBA Colleges for MBA in Banking and Finance in India
If you are looking for top MBA in Banking Finance colleges in India, below are the top management colleges with MBA in Banking Finance Courses

Top Institute offering MBA in Banking & Finance
Programme Name
Duration & Mode
IIM Ahmedabad
PGP with specialization in Finance
On campus; 2 years full time
IIM Bangalore
MBA with specialization in Finance
On campus; 2 years full time
IIM Calcutta
MBA with specialization in Finance
On campus; 2 years full time
XLRI Jamshedpur
PGDM with specialization in Finance
On campus; 2 years full time
IIM Kozhikode
PGP Finance
On campus; 2 Years full time
Jamna Lal Bajaj Institute of Management Studies (JBIMS) Mumbai
M.Sc. Finance
On campus; 2 years full time
International Management Institute (IMI) New Delhi
PGDM Banking & Financial Services
On campus; 2 years full time
IMT Ghaziabad
PGDM Financial Management
On campus; 2 years full time
K J Somaiya Institute of Management, Mumbai
MBA with Specialization Major in Finance
On campus; 2 years full time Apply Now
TAPMI Manipal
PGDM – Banking & Financial Services (BKFS
On campus; 2 years full time
GOA Institute of Management, Goa
PGDM Banking Insurance and Financial Service
On campus; 2 years full time
BIMTECH, Greater Noida (Delhi NCR)
PGDM-Insurance Business Management
On campus; 2 years full time Apply Now
National Insurance Academy (NIA) Pune
PGDM-Insurance and Management
On campus; 2 years full time
Symbiosis School of Business & Finance (SSBF) Pune
MBA Banking and Finance
On campus; 2 years full time

4. MBA in Banking and Finance IIM offered programmes
So far none of the IIMs have launched the two year Full Time MBA in Banking and Finance Specialization. However, IIM Kozhikode has launched exclusive and separate Finance MBA with Banking and Finance as key elective as the sub-specialization within MBA Finance

MBA in Banking and Finance by IIM
Programme Name
Duration & Mode
IIM Kozhikode
Post Graduate Programme in Finance (PGP Finance) with sub-specialization in Banking & Finance
2 Years Full Time; On Campus

5. MBA in Banking & Finance Offered by Top Colleges in India as Stand Alone Programme
MBA Banking and Finance is offered by many top B-schools as exclusive Stand-alone Management Program. The student has to apply for this program only at the time of MBA admission. Many of the top MBA colleges like IMI, IMT, TAPMI, SSBF offer exclusive MBA in Banking & Finance

 

To cater to the rising demand of MBA Banking and Finance, these MBA Colleges and private PGDM colleges are offering specialized MBA/PGDM on the lines of their flagship MBA programme. Some of the top MBA colleges offering 2 year full time specialized MBA/PGDM are given below:

Universities & B-schools offering MBA/PGDM in Finance
Programme Name
Duration & Mode
International Management Institute (IMI) New Delhi
PGDM Banking & Financial Services
On campus; 2 years full time
IMT Ghaziabad
PGDM Banking & Financial Services
On campus; 2 years full time
TAPMI Manipal
PGDM – Banking & Financial Services (BKFS)
On campus; 2 years full time
GOA Institute of Management, Goa
PGDM Banking Insurance and Financial Service
On campus; 2 years full time
Symbiosis School of Business & Finance (SSBF) Pune
MBA Banking and Finance
On campus; 2 years full time
National Institute of Bank Management (NIBM) Pune
PGDM Banking & Financial Services (B&FS)
On campus; 2 Years Full time

6. Top MBA Banking and Finance Colleges Offering Specialization within 2-year Full-time General MBA
Banking and Finance is one of the most popular specializations offered in the flagship MBA/PGDM programs. There are IIMs, FMS, XLRI, MDI among other top MBA colleges that offer MBA Banking and Finance as a Specialization in 2nd year of their flagship MBA program. List of Top MBA Colleges offering MBA Banking Finance Specialization is below.

Institute
Programme Name
Duration & Mode
IIM Calcutta
MBA with Specialization in Banking & Finance
On campus; 2 years full time program
IIM Ahmedabad
PGP with Specialization in Banking & Finance
On campus; 2 years full time program
IIM Bangalore
MBA with Specialization in Banking & Finance
On campus; 2 years full time program
XLRI Jamshedpur
PGDM with Specialization in Banking, Finance
On campus; 2 years full time program
IIM Lucknow
PGP with Specialization in Banking, Finance
On campus; 2 years full time program
Faculty of Management Studies (FMS) Delhi
MBA with Specialization in Banking, Finance
On campus; 2 years full time program
Management Development Institute (MDI) Gurgaon
PGDM with Specialization in Banking, Finance
On campus; 2 years full time program Apply Now
XIMB Bhubaneshwar
MBA with specialization in Banking & Finance
On campus; 2 years full time program
Great Lakes Institute of Management, Chennai
PGP with specialization in Banking & Finance
On campus; 2 years full time program Apply Now

7. Top Colleges offering MBA in Banking, Finance and Insurance apart from specialization in Stock Markets, & related programs
Many top financial institutes, MBA colleges, Universities like Delhi University offer MBA/PGDM Banking and Financial Management; MBA/PGDM Insurance Management programs with different titles. All these programs equip the candidates with key skills in banking, financial, insurance and stock market managements. Some of the best institutes/colleges offering these programs are:

Sl No.
Name of MBA College
1
Birla Institute of Management Technology (BIMTECH) Greater Noida – PGDM (IBM)
2
National Institute of Bank Management (NIBM), Pune
3
National Institute of Financial Management (NIFM), Faridabad
4
National Institute of Securities Markets (NISM), New Delhi
5
Department of Financial Studies (DFS), Delhi University, Delhi
6
National Stock Exchange (NSE) Academy, Mumbai
7
Bombay Stock Exchange (BSE) Institute, Mumbai
8
National Insurance Academy (NIA), Pune

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 and others. 

 

8. MBA Banking & Finance Eligibility Criteria for Admission
So, who should pursue MBA in Banking and Finance and what are the key points that determine the Admission Eligibility for MBA in Banking Finance programme? Read below the key details:  

Alert! MBA Admissions 2024 Open for Top Colleges | Apply Now
BIM Trichy MBA Admission 2024 | Apply Now GREAT LAKES Chennai |Last Date:March 10| Apply Now
Welingkar Mumbai & Bangalore | Apply Now SDA Bocconi Asia Center Admission | Apply Now
Woxsen University Admission 2024 | Apply Now Delhi School of Business Admission | Apply Now
LBSIM Delhi | Closing Soon | Apply Now Jaipuria Institute of Management | Apply Now
XIME Bangalore Admission 2024 | Apply Now NDIM New Delhi Admission 2024 | Apply Now

  8.1 Eligibility Criteria for MBA in Banking and Finance Admission
Three main points that determine MBA Banking Finance Eligibility Criteria are:

  • Graduation from an AICTE approved or UGC recognized institute with minimum 50% marks
  • Those who are in final year of graduation can also apply
  • Applicant must have appeared in at least one of entrance exams accepted by the institute like CAT/XAT/NMAT/SNAP/IBSAT/MAT/CMAT among others

8.2 Who should opt for MBA in Banking & Finance?
If you are a BBA, BBM, Economics or Commerce student and have keen interest in finances and wish to make your career in banking and financial management, Investment and strategy, the MBA in Banking and Finance is an ideal programme for you. Key skills which are needed to pursue MBA in Banking Finance, are banking & accounting, financial data analysis, budgeting, financial reporting, cash management among others. MBA in Banking & Finance offers you the opportunity to prove your mettle in the leadership positions as Banking & Financial consultant, Economist, Analyst, Banking & Finance Manager, Accounts Manager among others.

 

9. MBA in Banking and Finance Admission Process

MBA in Banking Finance Admissions are done like other MBA courses. The top MBA in banking finance colleges shortlist the applicants based on different MBA Banking and Finance Entrance Exams. The step wise MBA Banking Finance admission process is as below:

  • Check your eligibility. Minimum 50% marks in graduation required
  • Apply and appear in the MBA banking finance entrance test acceptable to the institute. For example-IIMs accept CAT, XLRI accepts XAT, SCMHRD accepts SNAP, NMIMS accepts only NMAT, FORE, IMT and IMI accept CAT and XAT score, TISS accepts TISSNET scores.
  • MBA Banking Finance cut offs for admission are lower that for flagship MBA program and offers same level of learning experience followed by good placements
  • Appear in the final selection round, if shortlisted for interview
  • Pay Fee for the MBA in Banking and Finance Course

10. MBA in Banking and Finance Fees
MBA in Banking and Finance Fee Structure is like that of flagship MBA programme. MBA in Banking Finance Fees at top MBA colleges is as below:

MBA College
MBA Banking and Finance Fees
IIM Ahmedabad
Rs. 25.00 lakhs
IIM Bangalore
Rs. 24.70 lakhs
IIM Calcutta
Rs. 25.00 lakhs
XLRI Jamshedpur
Rs. 24.80 lakhs
IIM Kozhikode
Rs. 20.50 lakhs
International Management Institute (IMI) New Delhi
Rs. 20.19 lakhs
IMT Ghaziabad
Rs. 19.53 lakhs
K J Somaiya Institute of Management, Mumbai
Rs. 19.95 lakhs  | Apply Now
TAPMI Manipal
Rs. 16.50 lakhs

11. MBA in Banking and Finance Placements
MBA in Banking and Finance placements go at par with flagship MBA programme. Some of the top MBA colleges with latest MBA in Banking Finance placements are as below:

MBA College
MBA in Banking & Finance Average Salary 2023
IIM Bangalore
Rs. 35.31 LPA
IIM Calcutta
Rs. 35.07 LPA
XLRI Jamshedpur
Rs. 32.70 LPA
IIM Kozhikode (MBA Finance)
Rs. 27.97 LPA
JBIMS Mumbai (MSc Finance)
Rs. 21.36 LPA
International Management Institute (IMI) New Delhi
Rs. 17.01 LPA
IMT Ghaziabad
Rs. 16.27 LPA
K J Somaiya Institute of Management, Mumbai
Rs. 12.32 LPA | Apply Now
TAPMI Manipal
Rs. 15.70 LPA

12. MBA in Banking & Finance Scope and Career Options
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 offered to an MBA in Banking and Finance graduate remains high enough at Rs.7 to 17 lakhs per annum.

 

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

 

13. MBA in Banking and Finance and MBA Finance: Key Difference
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.

 

14. MBA in Banking and Finance Syllabus and Courses
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:

  • Money and Banking
  • Financial Risk Management
  • Management Control System
  • International Finance
  • Bank Management
  • Fixed Income Markets
  • Structured Finance
  • Infrastructure and Project Finance
  • Options, Futures & Derivatives
  • Business Valuation
  • Investment Analysis and Portfolio Management
  • Corporate Restructuring
  • Behavioural Finance
  • Trading Strategies
  • Financial Modelling
  • Infrastructure Finance
  • Financial Risk Management
  • Commodity Finance
  • Acquisitions & Mergers
  • Corporate investment management
  • Portfolio management
  • Hedge fund management
  • Small business and corporate finance
  • Investments
  • Securities analysis
  • Borrowing
  • Fundraising
  • Collections
  • Disbursements

15. Which MBA in Finance Specialization is Best for You? Decide before Joining
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.

 

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.

 

This completes our article on MBA in Banking and Finance. We hope you found this article helpful. Check out more Specialized MBA Programs to help you decide the right program for you: