MBA In Banking & Finance: Comprehensive 2024 Guide



02 July, 2024

MBA In Banking & Finance: Comprehensive 2024 Guide

“Business and life are like a bank account – you can’t take out more than you put in.” – William Feather.

Indian banking is a powerhouse in India. To support this statement, let’s have a look at a report by the State Bank of India (SBI) for the FY 2023:

  • Last year, 23,000 new digital savings accounts were opened daily, adding almost 8.3 million accounts in a year.

  • The total deposits in the bank amount to ₹44,23,778 crore.

  • The bank’s total financial assets are worth ₹55,16,979 crore.

  • On average, there are 1.07 lakh cardless cash withdrawals every day.

These numbers are huge and might be hard for most people to grasp. This report shows the vast sector and potential of India’s banking and finance sector. If you’re interested in making a career in this sector, pursuing an MBA in Banking and Finance can open many opportunities for you in the financial world. You can establish a career in many fields, such as analyst, risk manager, investment banker, etc.

This blog will explore everything about an MBA in Banking and Finance, different learning modes, course fees, colleges, eligibility criteria, and more.

What Is An MBA In Banking And Finance?

An MBA Programme in Banking and Finance is a 2-year PG degree programme that will provide you with the skills and knowledge of financial theory and its practical applications. The curriculum will cover a range of subjects such as Financial Accounting, Corporate Finance, Investment Management, and Risk Management.

These subjects will equip you with the knowledge and skills to succeed in this ever-growing sector.

Course Name MBA in Banking and Finance
Course Type Master’s Programme
Mode Regular
Eligibility • You must complete your bachelor’s degree with at least 50% marks from a recognised university.
 • Age, no bar.
 • You might be required to take entrance exams such as CAT, XAT, GMAT, or NMAT.
Duration The course duration is 2 Years.
Average Salary Offered It can be anywhere between INR 3 LPA to 7 LPA.
Employment Roles • Investment Banking
 • Accounting Manager
 • Corporate Finance
 • Bank Manager
 • Financial Analyst
 • Equity Researcher
 • Credit Manager
 • Chartered Accountant
 • Investment Manager
 • Chief Financial Officer
 • Management Consultant
 • Financial Planner
 • Cash Managers
 • Business Analyst
 • Market Analyst

Why Opt For An MBA In Banking & Finance?

Banking and Finance are always growing and fulfilling the needs of the common man, businesses, and governments. If you want a career in such a sector, where you can get job growth and a pretty good salary to fulfil your needs, then you can look for a career in this sector. An MBA in Banking and Finance programme can be your stepping stone to pursue a career in Banking and Finance.

1. Broad Range of Opportunities

An MBA in Banking and Finance can open doors to various career paths in the financial sector. For example,

  • Investment Bankers who advise companies on mergers.

  • Through acquisitions and IPOs, you will play an important role in Corporate Financial health.

  • Financial analysts who provide investment recommendations by researching and analysing financial data.

  • Risk Managers who identify, assess, and mitigate financial risks faced by companies. You will develop strategies to protect companies from potential losses due to market fluctuations, credit defaults, or operational inefficiencies.

2. Increased Earning Potential

An MBA in Banking and Finance can improve earning potential. Forbes highlights that the average starting salary for MBA graduates is $115,000, over 53% higher than the $75,000 average salary for those with only a bachelor’s degree. This is because employers are highly demanding graduates with specialised finance skills.

3. Career Advancement Opportunities

An MBA in Banking and Finance can really help you accelerate your career. You will learn new skills and knowledge that will help you qualify for senior-level positions within the financial services industry.

For instance, If you are an MBA graduate with a strong track record in Financial Analysis, you can get promoted to the role of financial controller or chief financial officer (CFO) of a company. An MBA can equip you with the expertise and leadership qualities required to excel in these high-level positions.

4. Networking Opportunities

You will get many opportunities to create a strong network while pursuing your further education. An MBA programme will provide you with valuable networking opportunities with classmates, professors, and industry professionals.

These connections can help you to land your dream job in the financial services industry. Many MBA programmes organise career fairs and networking events to help students connect with potential employers.

5. Flexibility Of Online MBA

An online MBA programme provides you with the qualifications of a traditional programme but with flexibility. If you have family responsibilities or are a working professional and cannot afford a regular MBA, you can enrol in this online MBA course. It will allow you to study at your own pace. In this mode, classes are typically delivered online. You can even participate in discussions and complete assignments on your own schedule.

This option is ideal for busy professionals like you who want to pursue further education without having any pause.

What Are The MBA In Banking & Finance Subjects & Syllabus?

Semester 1 Semester 2
Management Process & Organisational Behaviour Financial Management
Accounting for Management Economics for Management
Human Resource Management Business Research Methods
Marketing Management International Business Environment & Practices
Information Technology and E-Commerce Operations Management
Quantitative Techniques in Management Business Analytics
Financial Environment General Banking Operations
Self-Development & Interpersonal Skills Legal & Regulatory Aspects of Banking
Basics of Communication Excel for Managers
Behavioural Communication & Relationship Management
Corporate Communication


Semester 3 Semester 4
Strategic Management Bank Accounting & Audit
Technology in Banking Entrepreneurship Development
Summer Internship Evaluation Risk Management in Banking
Retail Assets and Rural Banking Customer Relationship Management in Banking
Leading Through Teams Treasury Banking
Interpersonal Communication Dissertation
Business Valuation Professional Excellence
International Financial Management Cross-Cultural Communication
Management of Financial Services Financial Engineering
Security Analysis & Portfolio Management Investment Banking
Project Planning Appraisal and Control Corporate Tax Planning
Corporate Restructuring Behavioural Finance
Financial Modeling Using MS-Excel Fintech-Technology Innovation in Financial Services
Financial Risk Management Private Equity and Entrepreneurial Finance
Fixed Income Securities Analysis
Advance Corporate Finance

MBA On A Budget: Is it Possible?

Pursuing an MBA (Master of Business Administration) from a top university can cost up to 30-40 lakhs. For example, in this blog, we mentioned that the fees for regular programs can go up to 16 lakhs.

But what if we do not have this large of a budget? Can we still get the golden ticket to career advancement?

This is where online MBAs come in. Online MBA programs provide the same business curriculum as their on-campus counterparts but are more affordable. For reference, you can check in this blog that online MBA programs can be as low as INR 62k for the full course. They come with lower tuition fees, and you will not need to commute, allowing additional savings.

What Are Eligibility Criteria For MBA in Banking and Finance?

Academic Background

  • Bachelor’s Degree:

    This is the first step that you have to complete. You must complete your bachelor’s degree in a relevant field like Commerce, Finance, Accounting, Economics or any other equivalent.

  • Marks:

    Most universities require a minimum percentage for your bachelor’s degree. This can range from 50% to 55%, with some flexibility for students belonging to reserved categories.

Entrance Exams

The institution usually conducts these exams to measure your skills in quantitative, logical reasoning and verbal ability. Here are some of the popular entrance exams for MBA programmes in India:

  • CAT (Common Admission Test)

  • XAT (Xavier Aptitude Test)

  • CMAT (Common Management Admission Test)

  • SNAP (Symbiosis National Aptitude Test)

If you perform well in these exams, you will improve your chances of admission to a top-tier MBA programme.

Work Experience

Work experience is optional for MBA programmes. It can be an advantage for you if you have any relevant work experience.

(Note: The eligibility criteria are similar for online and regular study modes. However, the specific requirements may vary depending on the university.)

What Are The Top Colleges For Regular MBA In Banking & Finance In India?

University Fee
Amity University ₹2.15 Lakh per Semester
Lovely Professional University ₹2,00,000 per Semester
Parul University ₹81,550 per Year
MIT-WPU, Pune ₹4,55,000 per Year
Symbiosis School of Banking and Finance ₹16,14,000 Complete Fee
SRM Institute of Science & Technology ₹4,25,000 per Year

What Are The Top Online/Distance MBA Colleges for Banking & Finance in India?

University Fee
IGNOU ₹62,600 Complete Fee
Jain Online ₹55,000 per Semester
Chandigarh Online ₹2,00,000 Complete Fee (₹1,50,000 After Early Bird Discount)
NMIMS ₹1,68,000 Full Course
Online Manipal ₹1,75,000 Course Fee
OP Jindal ₹1,60,000 Complete Fee

Top Careers & Salary Potential For MBA in Banking & Finance Graduates

Job Role Average Annual Salary (INR)
Accounting Manager ₹2,00,000 – ₹16,00,000
Bank Manager ₹700,000 – ₹16,00,000
Financial Analyst ₹2,00,000 – ₹12,00,000
Equity Researcher ₹2,00,000 – ₹24,00,000
Credit Manager ₹3,00,000 – ₹12,00,000
Chartered Accountant ₹3,50,000 – ₹20,00,000
Investment Manager ₹2,00,000 – ₹35,00,000
Chief Financial Officer ₹12,00,000 – ₹54,00,000
Management Consultant ₹7,00,000 – ₹42,00,000
Financial Planner ₹1,80,000 – ₹15,00,000

The Final Words

An MBA in Banking and Finance is the best option if you want to build a successful career in finance. This specialisation is specifically designed for you if you love the subject of finance and are passionate about numbers. You will enjoy your work and contribute to the financial well-being of individuals and organisations. So do not wait for the right time; grab your things and go for an MBA in Banking and Finance programme to achieve your goals.

Good Luck!


Q1. What is an MBA in Finance and Banking?

The full form of MBA in Banking is Master of Business Administration in Banking and Finance.  An MBA in Finance and banking is a 2-year PG degree programme that helps you to learn advanced banking and finance concepts. It will help you to learn the skills and knowledge required to be successful in the banking and financial sector.

Q2. Which MBA is best for Banking?

If you want to pursue a career in the banking sector, the MBA in finance and banking programme is recommended for you. This course will equip you with the skills and knowledge that are required to thrive in the Banking sector.

Q3. What is the salary of MBA in Banking?

As per Payscale, An MBA in banking and finance graduate usually earns an average salary of INR 7 LPA.

Q4. Who is eligible for MBA in Banking?

If you want to take an admission, you have to clear your graduation with a minimum of 50% of marks from a recognised university.

Q5. Can I do MBA in Banking after BA?

Yes, you can pursue an MBA in Banking after completing a BA (Bachelor of Arts) degree. You should have a bachelor’s degree in any discipline from a recognised university. We also have written a detailed blog on Can I Do an MBA After a BA?, you can refer the blog for more information.

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