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MBA Banking and Finance: Admission, Types, Top Colleges, Syllabus, Jobs, Salary 2023

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Sounak Banerjee

Associate Content Manager

MBA in Banking and Finance is a 2-year full-time postgraduate banking course offered by various institutes in India. The basic eligibility to pursue this course is that the student should have a qualified bachelors degree in Banking or any equivalent degree with 55% of marks from a recognized university. Check MBA Full Form 

MBA in Banking and Finance provides a strong foundation in the Banking and Finance sectors and helps in learning about how to check accounts, keeping the money for savings, money exchange, and issuing loans and credits.

MBA in Banking and Finance: Course Highlights

Written below are some of the major highlights of the course.

Course Level Postgraduate
Duration 2 years
Examination Type Semester type
Eligibility Bachelor’s degree
Admission Process Merit-based or Entrance-based
Top recruiting organizations ICICI, YES Bank, State Banks, Indian Bank, Harman, HCL, Newgen, LAVA, Bajaj Alliance
Top recruiting areas Private Banks, Government Banks, Educational Institutes, BPOs, Banking Sectors, Finance Departments in Industries, Stock Exchanges
Top job profiles Accounts Manager, Marketing Manager, Executive Assistant, Marketing Analyst, Business Analyst, Finance Manager, Cashier, Equity Research Analyst, Investment Banker, Corporate Analyst
Course Fee INR 10,000 to 5 Lacs
Average Starting Salary INR 3 to 7 Lacs per annum

MBA in Banking and Finance Admission Process

The admission process for MBA Banking and Finance is similar to all other MBA Specializations

MBA in Banking and Finance: Eligibility

To be eligible to pursue this course, candidates have to pass the BBA/ Bachelor’s degree in Banking or an equivalent degree from any recognized university.

Apart from this, the candidates also need to score 55% of marks on average or 6 GPA point scale in the bachelor’s degree examination. The percentage may vary from one college to another. See: MBA Eligibility

MBA in Banking and Finance Admission Process 2023

Admissions for this course are based on merit-lists or entrance exams followed by the personal interviews. Most of the colleges conduct counseling and select students based on the marks obtained in their Bachelor’s degree or merit-list prepared by the universities.

MBA in Banking and Finance Entrance Exams

Major entrance exams conducted by the reputed colleges and universities are:

Exam Name Registration Date Exam Date
ATMA December 24, 2022 – February 17, 2023

February 25, 2023 (February session)

May 28, 2023 (May session)

July 23, 2023 (July session)

CAT To be Announced  To be Announced
CMAT December 26, 2022 – February 25, 2023 March 26, 2023
GMAT Throughout the year     Throughout the year    
MAT To be Announced To be Announced
NMAT To be Announced To be Announced
SNAP To be Announced To be Announced
XAT August 10, 2022 - December 12, 2022  January 8, 2023

Candidates who pass the MBA entrance exam conducted by the college should attend the personal interview. Few colleges directly admit students for this course.

Applying for this course:

Eligible candidates may apply for this course through online or offline modes. Candidates may get an application form and apply for this course through the official website of the respective college. Otherwise, they can directly get the application form from the admission office of the respective college for this course.

What is MBA in Banking and Finance?

MBA in Banking and Finance course provides a strong foundation in accounting and finance particularly. This course is mainly used for those who wish to pursue a professional accountancy qualification or an academic study in related areas after graduation.  In this course, candidates will be equipped to use accounting statements and financial information to aid in decision-making.

See: MBA vs PGDM

The course covers major theory and practices related to:

  • Financial accounting
  • Working capital management
  • Risk management
  • Business valuation
  • Mergers and acquisitions

Who Should study MBA in Banking and Finance?

  • Candidates who have an interest in banking and finance and its related areas are suitable for this course.
  • Candidates who possess a mathematical aptitude, diplomacy, a clear analytical and logical mind and knowledge of the banking system are also suitable for this course. See: MBA Skills required
  • Candidates who have the ability to solve accountancy issues are also suitable for this course.
  • Candidates with communication skills, leadership qualities, interpersonal skills, ability to use computers and related technology, and capacity to motivate team members are also suitable for this course.

MBA in Banking and Finance: Top Institutes

Given below are the college names, location and the average structure of the fees which will be taken by the college for this course. Check: Top Colleges for MBA Banking and Finance

MBA in Banking and Finance: Syllabus

A year-wise 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

MBA in Banking and Finance vs MBA Finance

MBA Banking and Finance has many similarities with MBA Finance. But there are some basic differences. They are explained below:

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.

MBA in Banking and Finance: Jobs and Salary

There are lots of career opportunities in the banking and finance field. Banking and Finance is one of the top career choices made by students in India. There are lots of job opportunities available in India as well as in foreign countries for chartered accountants. These professionals can also seek employment in various sectors such as in market research, government and private sectors, budget planning, public accounting firms, consultancies, and corporations.

They can work as freelancers in this field. Professionals in this career can also opt for teaching jobs in universities and colleges. After completion of their course, graduates can initially join as a trainee or an accountant. Some of the typical positions graduates may work as are:

  • Accounts Manager
  • Marketing Manager
  • Executive Assistant
  • Marketing Analyst
  • Business Analyst
  • Finance Manager
  • Cashier
  • Equity Research Analyst
  • Investment Banker
  • Corporate Analyst

Further Study: Candidates who would like to study a Doctorate course in Banking and Finance field can further go for further studies. After completing this course, graduates may get high positions and lead a high career.

Given below are the major job positions, their descriptions, and the Average annual salary for each position:

Job Position Job Description Average Annual Salary In Inr
Financial Manager Financial Managers are responsible for reviewing financial reports, monitoring accounts, maintaining reports and preparing activity reports and financial forecasts. They also investigate ways to improve profitability and analyze markets for business opportunities, they are expansion, mergers or acquisitions. INR 9 to 10 Lacs
Accounts Assistant Accounts Assistants are responsible for providing administrative support to accountants, they undertake clerical tasks such as typing, filing, making phone calls, they handle mail and basic bookkeeping. They help the manager and they may also deal with customers' external agencies. INR 1 to 3 Lacs
Investment Assistant Investment Assistants are responsible for providing stockbrokers, managers and stock market traders with financial information, banking information and recommendations derived from global investment data. INR 5 to 6 Lacs
Market Analyst Market Analysts assesses a company's financial records in order to determine whether a business is adhering to federal laws, achieving profitability, and maintaining workplace efficiency. They also monitor a company's asset ledgers, budget, and performance objectives. INR 5 to 6 Lacs
Business Analyst Business Analysts are responsible for teaching requirements management one of the core skills of business analysts. They may also develop technical solutions to problems, to advance a company's sales efforts, they begin with defining, they analyzing and documenting requirements, eliciting requirements, and requirements organization. INR 5 to 6 Lacs

MBA Banking and Finance: FAQs

Ques. Is MBA Finance or MBA in Marketing better?

Ans. Following are the skills required for MBA in Finance

  • Individuals from a Commerce background is preferable.
  • Candidate must possess stock market awareness
  • Knowledge regarding financial instruments
  • Possess apt analytical, problem-solving skills and be a meticulous planner as well as a thorough researcher.
  • Following are the skills required to opt for MBA in Marketing-
  • Complete knowledge about marketing strategies.
  • Understanding of targeted consumers.
  • Creative thinking and excellent communication skills.
  • Must be a knowledge seeker and a keen learner.
  • Now the question arises, which course is better of the two. So, for this have a look on the skills required to opt for both the courses which can be decided accordingly.

Ques. Can I pursue an MBA in Finance course online?

Ans. We can get online MBA from the following universities: 

So, while choosing any of the above mentioned colleges make sure that you go through details regarding admission process and all other prerequisites very carefully.

Ques. Do Indian Institute of Management Ahmedabad offer MBA Finance?

Ans. No, Indian Institute of Management Ahmedabad does not offer MBA Finance. However, if you are willing to study MBA Finance from any of the IIM, then look for IIM Kozhikode and IIM Indore.

Ques. What is the average cost of admission to MBA Finance?

Ans. The average cost to study MBA Finance in India ranges from INR 3-8 LPA.

Ques. What is the eligibility to pursue MBA Finance?

Ans. Any graduate with 50% marks from a recognized board is eligible to apply for MBA Finance. However, final year students can also apply.

Ques. What is the MBA Finance admission process in India?

Ans. Admission to MBA Finance is offered through entrances followed by Group Discussions, WAT and Personal Interview rounds.

Ques. Does MBA Finance contain more of the theoretical part or accounts part?

Ans. It contains subjects like Organisational Behaviour, Quantitative Techniques, Financial Management, Security Analysis and Portfolio Management etc. which can be called subjects from the Accounts stream. 

Ques. What are some of the top MBA Finance jobs ?

Ans. Some of the top MBA Finance jobs are 

  • Financial Manager
  • Accounting Manager
  • Business Analyst
  • Senior Financial Analyst
  • VP of Corporate Finance, and much more.

Ask your question

Answered Questions

DC

Dhruv Chatterjee

25 Jan 23

IMT Ghaziabad offers a variety of courses that cater to various specializations. These courses have been listed and explained in their order of preference

  • PGDM Marketing/PGDM Full Time (Marketing): This is the most coveted program among IMT students mainly because today its alumni have acquired top positions in big firms. Other major reasons include top-notch faculty, great internship and placement opportunities in terms of role and CTC, IMT’s eligibility, and excellent performances in recognized marketing and strategy B Schools competitions.
  • PGDM Finance/PGDM Full Time (Finance): This one is most suitable for aspirants who are interested in Finance. However, this program offers lesser opportunities than the Marketing program in terms of role and CTC. 
  • PGDM Full Time (Operations): This program offers opportunities similar to that of Finance. But the batch size of PGDM Operations is smaller than PGDM Finance, so it may be easier to secure an internship/final placement, but the opportunities come less compared to Finance.
  • PGDM DCP: DCP or the Dual Country Program is for those who are keen to get international exposure. Compared to an MBA from a foreign university, this program is cheaper and yet offers an opportunity to explore a different culture and learn to make decisions in an international context. This is best suitable for those who are in the Marketing domain.
  • PGDM Banking and Financial Services (PGDM-BFS): This program was launched in 2019 and is relatively newer. It targets the core Banking and Finance sector. While the MBA program aims to provide a holistic view of management, this program solely focuses on Banking and Finance.
  • PGDM Full Time (HR): This is the least taken course and offers very less in terms of opportunities.

The courses have been arranged preference-wise so will make it easy for you to choose one.

...Show More

YG

Yash Gupta

22 Feb 23

If you go to the official website and compare the placement reports, MDI Gurgaon fares better than IIM Kozhikode. Let’s have a look at the placement statistics of the 2 B Schools.


 

Particulars 

MDI

IIM Kozhikode 

Number of Recruiters 

87

116

Highest CTC

INR 1.14 CPA

INR 61.5 LPA

Average CTC

INR 26.65 LPA

INR 29.5 LPA

Top Recruiters 

Microsoft, Google, HCL, Adobe

Accenture, Amazon, Microsoft

The best finance companies that offer roles like Equity Research Analyst roles, and Securities analysis visit both the B Schools. But the higher number of companies visiting MDI Gurgaon gives it a slight advantage over IIM Kozhikode. Yet I think both MDI Gurgaon and IIM-K are almost equal in terms of giving you the opportunity of getting an Equity Research Analyst role. If I was in your place I would have chosen MDI Gurgaon because of the following factors

  • Location
  • Infrastructure 
  • The industry-academia relationship
  • Live Projects
  • Guest Lectures
  • Corporate Talks
  • Peer learning
...Show More

RP

Rajan Patel

03 Mar 23

I can speak with certainty that PGDM at LBSIM is a far better option than PGDM in Financial services at IMI Delhi. My brother is a recent pass out from LBSIM and the following highlight of the institute are based on his personal experiences 

  • The IIRF ranks LBSIM 25th among private colleges
  • It has a spectacular ROI in terms of placements and fees
  • LBSIM is famous for its student culture
  • You can get an insight into various angles of the industry you will be dealing with in the future 
  • You can avail an abundance of opportunities through live projects and get to have a detailed experience in your specialization.
  • The institute prioritizes a practical approach over theoretical knowledge through academic activities outside the classroom
  • Various academic and non-academic clubs make the environment a friendly one 
  • The institute boasts of a 100% placement record
  • It has an elaborate alumni network that is spread across top companies like Big Four’s, Arcesium, Marsh & Mclennan, Asian Paints, Crisil
  • LBSIM collaborates with various international universities for its student exchange program. Some of them include Nanyang Technological University, Singapore, Northern Illinois University, USA, European Higher School of Economics and Management, Bulgaria etc.
  • A unique feature of the B School is its Bloomberg Terminal which is restricted to the top B Schools like IIM B, IIM C, and FMS only.

All these points clearly state that LBSIM is a very good choice for a PGDM program.

...Show More

AK

Aditya Kwatra

03 Mar 23

I am certain that if I had been in your place I would have opted for TAPMI PGDM over IMI Delhi PGDM. I even have a friend who recently joined this program and is very happy with her decision so I have more assurance in this regard.

TAPMI is well recognized not only in India but abroad as well, especially in the Middle East. I know many colleagues from my last workplace who relocated to the Middle East and other foreign countries after graduating from TAPMI.

The infrastructure and campus are very beautiful, unlike the NCR campus which is hot and congested. Delhi is suitable only if you are interested in Sales roles. Else for specialization in Finance and Banking TAPMI is the best choice one can make. Some companies that visited the campus during placements are

  • Deloitte
  • Bajaj
  • CRISIL
  • Fincare
  • HDFC Bank
  • Invesco

I think TAPMI is the best option if you are looking for a sales role in a Finance company.

...Show More

AS

Amay Singh

03 Mar 23

PGDM BFS is a viable option if you are keen about numbers and finance in general. PGDM core and PGDM BFS rarely has a major difference in curriculum except that marketing subjects of BFS would be less intriguing and the major pedagogy is directed towards marketing of finance products and services only.

A PGDM core student is open to a plethora of opportunities during placements as he is eligible to appear for companies offering marketing and sales profiles. On the contrary, a PGDM BFS student has been exposed to a customized curriculum that focuses mainly on Finance and lacks a wide range of opportunities. However, he has a more definite chance of securing placement at a company offering Finance roles like Banks and other financial institutions. This advantage seems very minimal right now but with the increase in the relevance of the curriculum and demand of the course, it will soon be coveted among Finance aspirants.

The BFS faculties are considered to be among the best given the excellent performance of BFS students in the recent years and the increasing popularity of the course. The companies visiting the campus for BFS are not only banks but include AMCs, NBFCs, FinTechs and other Fin Services firms. The course targets the entire Banking and Finance sector. 

At the end of the day, what remains of your college life is not the specific course you chose but the college you chose to pursue it. Be it PGDM Core or PGDM BFS, IMI Delhi is the perfect college to experience a great college life.

...Show More

MS

Manmeet Singh

27 Jan 23

IMT is a well-established college and comparing it to a mediocre college like TAPMI is not justifiable. Of the two, IMT Ghaziabad is clearly a better choice. To explain further I have compared both these institutes on the basis of some parameters like

  • Establishment: Both these institutes were established in 1980 so they carry an equal legacy.
  • Alumni: Despite a similar legacy, IMT Ghaziabad alumni are placed in higher positions and top firms today. The extensive alumni network has opened gates for corporate and industry exposure. IMT Ghaziabad’s alumni comprise more than 300 CXOs.
  • Location: IMT Ghaziabad enjoys a better location advantage over TAPMI
  • Pedagogy: Both the Institutes are AACSB accredited and follow similar curriculums yet there is a stark difference in the quality of education. This is because of the better pedagogy at IMT Ghaziabad than at TAPMI.
  • Faculty: IMT Ghaziabad's teaching methodology is way ahead of that of TAPMI and the credit goes to its excellent faculty with amazing profiles. They have great industry exposure and help the students grasp the concepts practically.
  • Placements: IMT Ghaziabad has an upper hand in this aspect also. This can be explained further through the table below

Particulars 

IMT Ghaziabad 

TAPMI

Number of recruiters

130+

21

Highest CTC

INR 62 LPA

INR 22.3 LPA

Average CTC

INR 15.28 LPA

INR 15.7 LPA

Top Recruiters 

Morgan Stanley, BCG, Accenture Consulting, Goldman Sachs, Google, Infosys Consulting, Emami International, TATA Consumer Product 

EY, HDFC Bank, HSBC Bank, Tata Capital

From the table you can easily infer that the placement scenario is far better at IMT Ghaziabad than TAPMI. In fact in almost all aspects IMT Ghaziabad is way ahead so it’s definitely a better choice than TAPMI.

...Show More

AK

Avinash Kalyan

10 Nov 20

The Indira Gandhi National Open University is a well-established distance learning institute that offers degrees to students in various fields. It is AICTE and NCTE approved. The MBA in Banking and Finance program has been established by the school of Management Studies at IGNOU after an MoU between the college and the Indian Institute of Banking and Finance.

The following points highlight a few important aspects of the program.

Fee Structure, and Eligibility:

  • The course duration ranges from 2.5 years to 8 years depending on the time the candidate has to complete the degree.

  • A total course fee of INR 37,800 is charged for the degree.

  • In order to be eligible for the program, the candidate must pass the CAIIB exam with the required qualifications.

  • The applicant must also be working in the banking and finance sector for a period of two years at least and a graduate from a recognized university.

Course Structure and Curriculum:

  • The course has a total of 21 courses of which include basic, specialization as well as integrative, and project courses.

  • In order to obtain the certificate of completion, all 21 courses must be completed by the student.

  • Subjects taught include strategic management, ethics, and corporate governance, research methodology, managerial economics, etc.

  • Evaluations are carried out in a continuous manner which constitutes 30% of the degree and the other 70% is determined by the term-end examination.

Job Prospects:

  • Since the course is a distance learning opportunity, with effective time management, students can study as well as look for courses on the job market.

  • This degree from IGNOU will help in gaining promotion as well as provide a job in the public and private sectors.

  • Jobs like factory supervision, operation management as well as managerial positions are available for students.

  • Other career options include roles in forecasting, purchasing, inventory management, production planning, etc.

Obtaining an MBA in Banking and Finance will open up a lot of new opportunities and definitely provide a career boost with the convenience of completing the degree at the desired pace.

...Show More

VM

Vihan Manjunath

28 Aug 20

The difference between PGDM and PGDM-BKFS is that PGDM is the general MBA program and the course curriculum comprises all fundamental and cross-sectional areas of management while the course curriculum of PGDM-BKFS is tailor-made for Finance. In the first year for PGDM students are required to study various management-related subjects like Marketing, Finance, HR, and Operation. However, the BKFS course only includes Finance related topics.

TAPMI offers good infrastructure for BKFS. The institute has the largest state-of-arts finance lab in the country with 16 Bloomberg terminals. TAPMI also offers a unique Student Managed Investment Course (SMIC) for the finance stream in which BKFS students work in teams and each team has a mentor from industry currently working in the BFSI Sector. Also, unlike the traditional internship that PGDM students go through the BFS cohort had a two-month study tour in Bombay Stock Exchange where the students had their live projects.

Given below is a comparison between the two courses.

Categories

PGDM

PGDM-BKFS

Course Name

Post Graduate Diploma in Management

Post Graduate Diploma in Management - Banking and Financial Services

Intake

360

60

Course Fee

14.3 lakh (2 years)

14 Lakh (2 years)

>Highest Salary Package

25 LPA

25 LPA

Average Salary Package

11.50 LPA

12.75 LPA

Recruiting Companies

Alien Technology, Arcesium, Wipro, Capgemini, ITC, HCL, etc.

Axis Bank, Yes Bank, HSBC, etc.

...Show More

NC

Nikhil Chaturvedi

16 Mar 23

 If you have the option of dropping a year and preparing for CAT, XAT, or other entrance exams, it may be worth considering. You can use the extra time to study and improve your scores, which could lead to better opportunities in the future.

However, if you have decided to pursue an MBA this year, there are several factors to consider before choosing between IMI and GLIM. You should look at the return on investment (ROI), fees, faculty, location, and placement records of both institutions to determine which one is a better fit for you.

It is important to note that neither the Business Forensic & Fraud Management (BF&S) program at IMI nor the Post Graduate Diploma in Management (PGDM) program at GLIM are the flagship programs of their respective institutions. You may want to research the other programs offered by each school to see if they align with your career goals.

Personally, I would recommend GLIM over IMI. However, you should make your decision based on your own research and preferences, taking into account factors such as the curriculum, faculty, industry connections, and career prospects. It is important to choose a program that aligns with your career aspirations and provides the best value for your investment in terms of education, skills, and networking opportunities.

...Show More

SA

Shahanara Ahmed

31 Oct 20

IMT Ghaziabad and IMI Delhi both are premiere institutes catering to the domain of management. To get a clear view we need to understand both the options comprehensively.

IMT offers a long intense international experience for the Dual Country Program and the opportunities to experience international waters and work with dynamic organizations.

IMI Delhi Banking & Finance gives a comprehensive program for high-quality banking acumen development. The important details to be focused upon are as follows.

Admission:

Both IMT Ghaziabad & Delhi provide an affordable range of fees in sync with the facilities offered.

  • IMT Ghaziabad fees are INR 22 Lakh while it stands at INR 18 Lakh for IMI Delhi.

  • IMT Ghaziabad provides 120 seats in comparison to 50 seats in IMI Delhi.

  • For both the institutes, the eligibility criterion stands at graduation with a valid CAT/ MAT/ GMAT score.

Course Details:

  • IMT Ghaziabad offers the Dual Country Program in two countries,i.e. first year in Dubai and second in Ghaziabad.

  • IMI Delhi Banking & Finance provides you the needed professional exposure in order to cater to the banking requirements of the market.

Internships:

  • In IMT Ghaziabad, after finishing 1 year, students are given opportunities to intern in UAE & Middle East countries. The stipend details are as follows.

Highest

Average

Median

3650 AED/Month

1873 AED/Month

1800 AED/Month

  • IMI Banking & Finance gives internship opportunities with leading banks in the market for 3 to 6 months.

Placements:

  • The major companies involved in offering job opportunities are Pidilite, Genpact, RSA Global, SAIL, Mahindra Holidays, ITC Hotels in the case of IMI Ghaziabad. The average package is around INR 12-14 LPA while the highest stands at INR 34 LPA

  • All candidates of recent batches of IMI Delhi Banking & Finance were placed at good companies like HCL, EY INDIA, ICICI BANK, Deloitte, Grail Insights.

The choice between two depends on whether you prioritize domain-specific or location-specific learning. Greater exposure requirements can be catered by IMT while IMI Delhi offers sector-specific exposure and opportunities.

...Show More

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