MBA in Banking Salary, Syllabus and Jobs

MBA in Banking is a management course primarily about the functional areas of Banking and Finance. The course covers fields like Accounting and Finance Economics, Quantitative Methods, Rural Finance and Information Technology, Risk Management, Treasury Operations, Investment Banking and International Banking etc.

This is a 2-year course consisting of 4 semesters and the average fees charged for pursuing this course in India ranges between INR 2 Lacs and 7 Lacs, varying with difference in institutes providing the course.

As a minimum criterion of eligibility, the candidate should have completed graduation in any disciple with a minimum aggregate score of 50% from a recognized college. A bachelor’s degree in Banking is preferred. The next step in the procedure is qualifying CAT, MAT, XAT, SNAP etc. or other State- level exams.

The average salary offered in India to successful postgraduates of the course ranges between INR 3 to 10 Lacs annually, depending on the reputation of the college and the skills of the candidate. Candidates are hired in areas like Merchant Banking, Risk Management, Private Banking and Project Finance etc.

MBA in Banking: Course Highlights

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

MBA in Banking: Course Duration

This full- time course is spread over 4 semesters with 2 semesters making 1 year. The 1^st 2 semesters are common between all students and they may later go for choosing their major and minor sub- disciplines.

BA in Banking: What Is It About?

The course principally focuses on providing the requisite managerial skills to aspiring managers in the Banking and Finance sector besides behavioural skills, technical knowledge in core functions, and ability to analyse strategies, and evaluate and implement solutions.

The course explores advanced banking concepts like Analytical Skills, Foundations and Perspective of Finance and Banking, in the view of the growing competition and infusion of technology in the sector.

MBA in Banking: Who Should Opt?

Eligible candidates with keen interest in banking, in technology- based transaction management and in basic fundamentals of Finance may opt for this course. The course is ideally suited for candidates keen on exploring on an advanced level finance- related concepts like the impact of economic liberalization caused by an under-growth of the Indian financial sector.

Top Institutes Offering MBA in Banking

Compiled here is a list of the top institutes in India offering the course along with their respective locations and fees charged by each.

Eligibility for MBA in Banking

Candidates wishing to apply for MBA in Banking are needed to meet the following minimum criteria of eligibility:

• A minimum aggregate score of 50% at the graduation level, completed from a recognized institute.
• Graduates from any stream are considered.
• A bachelor’s degree in Banking and Finance is preferred.
• Candidates waiting for their final year graduation results are welcome too.

MBA in Banking: Admissions Process

Aspiring eligible candidates are needed to qualify the relevant entrance exams followed by rounds of Group Discussion and Personal Interview for admission. The main entrance exams held in India for admission are:

• CAT- Common Aptitude Test
• MAT- Management Aptitude Test
• XAT- Xavier Aptitude Test
• CMAT- Common Management Admission Test

Parameters of evaluation covered in the entrance examination are Problem Solving, Data Analysis and Interpretations, Number Ability, English, Quantitative Aptitude, Logical Reasoning and General awareness.

MBA in Banking: Career Prospects

Successful postgraduates of the course are offered employment in popular firms such as:

• Kotak Wealth Management
• Kotak Life
• Indiabulls Housing Finance
• Axis Securities
• ICICI Prudential Asset Management
• Bajaj Finserv

Listed here are some of the popular job positions offered to successful postgraduates of the discipline with the corresponding job descriptions and salaries offered.

MBA In Banking: Syllabus and Course Description

The course consists of 4 semesters spread over 2 years, and a semester- wise breakup of the course’s syllabus is given here:

PRACTICAL TRAINING:

Students enrolled to the course are required to go for a training period of a minimum of 8 weeks in a recognized organization that also provides industrial training. All students are needed to go for this training upon completion of the 2^nd semester or after the 1^st year of the course. Stipends offered depend on the policy of the concerned organization. A few trainings/ internships are paid and a few are unpaid.

FUTURE SCOPE

After completing their Post Graduate degree in Master of Business Administration in Banking:

• The candidates may either go for a private job or a government job in the same field.
• The candidate may apply for PHD if they have interest in further studies.
• The candidate may also appear for some teaching examination for teachers and can go for a teaching career in Universities and Colleges.
• There are candidates who also go for dual degree in the same course.

Aspirants seeking to get admission in a program must have a bachelor’s degree or its equivalent qualification from a recognized University. 

MBA Course details are given below. 

Eligibility

• Candidate should have passed Bachelor's degree in any discipline with minimum 50% marks or equivalent CGPA 
• Candidates appearing or appearing in the final semester examination of Bachelor's degree of any discipline can apply.

Selection Criteria

• Candidates having a valid score in MAT/ XAT / CAT/ CMAT will get direct admission in MBA at Tripura University. 
• Universities may also release a merit list based on marks obtained in graduation.

Tripura University also offers courses such as LLM, M.Pharm, B.Lib.I.Sc and M.Lib.I.Sc, M.Ed and B.Ed. They also have integrated ug and pg programs of 5 years.