MBA in Banking & Finance Management - 2023-24

An online/distance MBA in Banking and Finance Management curriculum covers many essential topics, such as Banking operations, financial accounting, service marketing, legal aspects of banking, investment banking, business communication, and taxation. Further, the online/distance MBA program in Banking and Financial Management aims to produce financial professionals in response to the demand in the industry. Further, the infusion of technology and expansion of services has increased the demand for professionals with the necessary qualifications. Also, Banking and Finance explore the rapidly developing world of money, stocks, loans and investments. Moreover, Finance is a significant part of our economy because it provides the liquidity (cash or resources) that people and organizations expect to contribute to what is to come.

ShikshaGurus Methodology of Curating an Online/Distance MBA in Banking and Finance Management 

ShikshaGurus is a platform where students can find various online and distance learning courses from the best universities in India. Our team of experts and professionals carefully chooses all universities; only universities with UGC approval are present on ShikshaGurus. Using the platform, the student can get the desired course details, compare the course with similar courses offered by other universities and finally choose the best-suited university from the available options.

The program teaches students about the complexities of the industry’s ever-increasing competition and technology. The program helps students acquire interpersonal and multicultural teamwork skills and the ability to analyze, evaluate and put these skills into practice in the banking and finance industry. 

Top Universities offering an online/distance MBA in Banking and Finance Management 

In India, an online/distance MBA in Banking and Finance can lead to various career paths in the corporate and banking industry. In addition to job security, graduates can also take advantage of lucrative salary packages banks offer.

Top Universities offering an online/distance MBA in Banking and Finance Management are : 

  1. MBA in Banking and Fintech From Vignan University
  2. MBA In Banking & Finance From Jain University, Bangalore
  3. MBA in Banking & Finance Management from NMIMS, Mumbai
  4. MBA in Banking and Financial Services from GLA University
  5. MBA in (BFSI) Banking, Financial Service & Insurance from Manipal University, Jaipur

Career Options after an online/distance MBA in Banking and Finance Management 

Working in banking provides rich work experience. Further, many job opportunities exist for online/distance MBA pass-outs in India and abroad. Also, these professionals may seek employment in the government and private sectors, budget planning, market research, consulting firms, public accounting firms, and corporations. An online/distance MBA in banking and finance management often fill the following roles:

  • Investment bankers: Investment Bankers help various businesses acquire assets by issuing shares and securities. They must work with investment banks, brokerage firms, and other financial management organizations.
  • Loan officers: Banking industries hire them, and they are in charge of reviewing and approving applications for contracts, auto loans, education loans, and other types of loans. These officials can find employment in banks and some companies that handle money.
  • Financial Advisor: A financial advisor is knowledgeable about various financial services, including, for example, wealth management and retirement planning. Most financial professionals regularly have up-to-date knowledge in individual areas of financial management, such as personal resource management.
  • Chief Financial Officer – The Chief Financial Officer, or CFO, provides the organization with manual and operational assistance. The financial director of the association is also in charge of the fund unit. They report directly to the CEO, also known as the President/CEO.
  • Business Relationship Manager: In this position, the manager acts as a link between the business and the corporate administration. They have a lot of information on business and customer service topics.

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Frequently Asked Questions (FAQs) - MBA in Banking & Finance Management

For regular MBA Banking course, the fees ranges from 5 lakhs to 14 lakhs. However, the fees for an Online MBA or Distance MBA in Banking ranges from 60K to 4 lakhs.

The fee for 12 month (150 hours) of ICICI banking course range around 3 lakh in India.

Some of the best Finance colleges in India are:

  • Vignan University, Andhra Pradesh
  • Jain University, Bangalore
  • NMIMS, Mumbai
  • Graphic Era Online University (GEOU)
  • Uttaranchal University (UU)

And many more.

MBA in Banking and Finance is best to get into the field of Investment Banking. Further, some of the top Universities which offer MBA Banking and Finance are –

  1. Manipal University Jaipur (MUJ)
  2. Jain University Bangalore
  3. NMIMS Mumbai
  4. Vignan University
  5. Parul University

The salary after completion of MBA Banking varies based on many factors such as University reputation, skill-set, company, location among other factors. However, a general estimate of the salary after MBA Banking at different career levels is mentioned below for your perusal –

Experience Level Average Salary (in INR Lakhs per annum)
Freshers (0 years) 6 to 10 LPA
3 years experience 10 to 14 LPA
5 years experience 14 to 20 LPA
7 years experience 20 to 30 LPA
10 years experience 30 LPA and above

An MBA Finance equips students to take up many roles in the finance sector. Further, some of the prominent roles a candidate can take up after MBA Finance are –

  1. Investment Banker
  2. Financial Analyst
  3. Financial Planner or Advisor
  4. Corporate Finance Manager
  5. Portfolio Manager
  6. Risk Manager
  7. Bank Manager
  8. Credit Analyst
  9. Private Equity Associate
  10. Treasurer
  11. Chief Financial Officer (CFO)
  12. Hedge Fund Manager
  13. Commercial Banker
  14. Derivative Structurer

The decision of whether to pursue MBA Marketing or Finance is a decision the candidate should take based on their interests and strengths. However, lets consider some factors that will help make the decision easy for you-

  • If you are good with numbers and Analytics, problem-solving, you should consider the Finance specialization
  • If you have career aspirations of becoming banker, investment banker, Financial planner or such profiles, consider MBA in Finance
  • If you are Ok with long working hours with work satisfaction, consider MBA Finance
  • If you like market research, consumer behavior, digital marketing consider MBA Marketing
  • If you wish to have a work-life-balance, consider MBA Marketing
  • If you have career aspirations to join advertising agency, digital agency, or top FMCG companies, consider MBA Marketing
  • Finally, salaries for Finance profiles will be higher but would need long working hours as well.

Normally, all Distance learning and online universities accept candidates with 50% marks in graduation. Further, a relaxation of 5% is given to students from reserved category.

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