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

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Update on
June 5, 2020

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.

 

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 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 MBA in Banking & Financial services

 

Top MBA Colleges for Banking and Finance in India  include IIM Kozhikode, IMI New Delhi, IMT Ghaziabad, TAPMI Manipal, SSBF Pune while IIM Ahmedabad, IIM Calcutta, IIM Lucknow, FMS Delhi, offer Banking and Finance as key elective in their Specialization in Finance.

 

This article by MBAUniverse.com will help you learn about following:

  • Type of Courses on MBA in Banking and Finance in India
  • Top MBA Colleges for Banking and Finance in India
  • MBA in Banking and Finance: Placements & Career Opportunities
  • MBA in Banking and Finance Course Syllabus

Different Types of Courses on MBA in Banking and Finance in India
In India, different types of MBA Colleges offer MBA in Banking and Financial Services of different nature and duration but their coverage areas are same.

  1. 2-Year Full Time MBA in Banking and Finance Specialization by IIM like IIM Kozhikode
  2. 2-Year Full Time MBA in Banking and Finance Specialization or MBA Equivalent PGDM by B-Schools and Universities like IMI, IMT, TAPMI
  3. MBA in Banking and Financial Services Specialization offered within 2-year full time General MBA/PGDM Program like IIM Ahmedabad, IIM Calcutta, FMS Delhi
  4. Top Colleges offering MBA in Banking, Finance and Insurance apart from specialization in Stock Markets, & related programs like MSE, BSE, DSE, NIFM

Top MBA Colleges for Banking and Finance in India
If you are looking for MBA in Banking and Finance Colleges in India, below are the top management institutes with courses on MBA in Banking and Finance in India   

Top Institute offering MBA in Banking, Finance and Insurance

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

K J Somaiya Institute of Management Studies & Research, Mumbai

MBA Financial Services

On campus; 2 years full time

Symbiosis School of Business & Finance (SSBF) Pune

MBA Banking and Finance

On campus; 2 years full time

TAPMI Manipal

PGDM – Banking & Financial Services (BKFS)

On campus; 2 years full time

BIMTECH, Greater Noida (Delhi NCR)

PGDM-Insurance Business Management

On campus; 2 years full time

National Insurance Academy (NIA) Pune

PGDM-Insurance and Management

On campus; 2 years full time

MBA in Banking and Finance Admissions
The eligibility criteria for MBA in Banking and Finance Admissions have two most important points:

  • You must be a graduate with 50% or 60% marks in any discipline
  • You must register and appear in the acceptable national level/state level/institute level MBA entrance test and score well.   

Let us know about each type of institutes offering MBA in Banking and Finance with the programme name, duration.

 

1. 2-Year Full Time MBA in Banking and Finance Specialization by IIM
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

IIMs offering MBA in Banking and Finance

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

2. 2-Year Full Time MBA in Banking and Finance Specialization or MBA Equivalent PGDM by B-Schools and Universities
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 in Non-IIM category 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

K J Somaiya Institute of Management Studies & Research, Mumbai

MBA Financial Services

On campus; 2 years full time

Symbiosis School of Business & Finance (SSBF) Pune

MBA Banking and Finance

On campus; 2 years full time

TAPMI Manipal

PGDM – Banking & Financial Services (BKFS)

On campus; 2 years full time

3. MBA in Banking and Financial Services Specialization offered within 2-year full time General MBA/PGDM Program
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

PGPM with Specialization in Banking, Finance

On campus; 2 years full time program

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

4. 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, BITS Pilani among others.

 

MBA in Banking and Finance Vs MBA Finance
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.

 

MBA Banking and Finance: Profiles & Roles Offered
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

 

MBA in Banking and Finance: Placements & Career Opportunities
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.5 to 7 lakhs per annum.

 

Many top B-schools have reported good placements for their MBA in Banking and Financial services Programs. For example, TAPMI Placements 2020 for its specialist PGDM BKFS program have recorded a 12.65% rise in average salary.

 

IMI New Delhi B&FS Placements 2020
International Management Institute (IMI) New Delhi also recorded good placements for its PGDM-BFS program.

Placement Year

Average Salary (Rs. in lakhs)

Highest Salary (Rs. in lakhs)

2020

12.88

20.75

TAPMI PGDM BKFS Placements 2020

Placement Year

Average Salary (Rs. In Lakhs)

Highest Salary (Rs. In Lakhs)

2020

12.73

26.00

2019

11.30

15.00

K J Somaiya Placements 2020
Placements trends at K J Somaiya are encouraging as there is a consistent rise in placements. Placement 2020 has reported following average and highest salary

Placement Year

Average Salary (Rs. in lakhs)

Highest Salary (Rs. in lakhs)

2020

10.08

28.50

Top Recruiters for MBA in Banking and Finance
Some of the top recruiters who look for candidates with MBA in Banking and Finance qualification include KPMG, Deloitte, Boston Consulting, Axis Bank, Yes Bank, ICICI, Goldman Sachs, Morgan Stanley, CRISIL, J P Morgan, Barclays, McKinsey, Lehman, Bain & Co, Merrill Lynch among others. 

 

Top recruiters at IMI: Recruiters included  American Express, Axis Bank, ICICI Bank, Citi Bank, Future Generali, LTFS, S&P Global, TresVista, HDFC Bank, HDFC Life, ICICI Prudential, Tata Capital, SBI Card , HSBC Bank , CRISIL, Darashaw, CARE Ratings , IndusInd Bank , ANZ Bank among others.

  

Top Recruiters at TAPMI: Top companies such as Alien Technology, Arcesium, Bajaj Finserv, Deloitte, Exide Life Insurance, EY, Future Generali, Grant Thorton, HDFC, HDFC Life Insurance, HSBC, Infosys participated in Placement 2020 at TAPMI.

 

Top Recruiters at K J Somaiya: Among the principal offers made, the students have received job offers from Industrial Sectors like Banking and Insurance Sector, IT & ITES, Financial Services, Consulting, FMCG and Manufacturing. 

 

MBA in Banking and Finance Course Syllabus
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

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.

 

Which MBA in Banking and 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.

 

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:

 

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