An MBA degree in Banking and Finance Management enables students to earn, understand and apply the concepts of Banking and Financial Management in the complex business world. This course helps in inculcating the required skill set among students so that they can come up with innovative business solutions relating to the concepts of Marketing, Economics, Finance, and Banking Management. This specialisation helps to foster critical thinking abilities, decision-making skills, problem-solving abilities, and data analysis abilities.
What is Banking and Finance Management?
The Banking and Finance sector is a critical sector of the economy that is essential for the growth and development of the nation. This sector is also one of the major sectors for any organisation. An MBA in this specialisation is a two-year program that focuses on various aspects of Banking and Financial Management including stock markets, securities, financial intermediation, asset and liability management, financial decision-making, banking, and accounting, etc.
The curriculum covers topics such as Commercial Banking, Operations Management, Strategic Management, Human Resource Management, Mutual Fund Management, Merchant Banking, and many more that cover a wider scope of this field thus providing a deeper understanding to tackle complex business problems.
Moreover, they have a large scope of career opportunities across a wide range of industries under this specialisation.
Why Pursue Banking and Finance Management?
Banking and Finance Management is an ideal fit for all of you, who have been intrigued by banking and finance-related fields. An MBA in Banking and Finance Management would be a desirable addition to the career paths of the students who wish to pursue this course. Some benefits of pursuing this course can be discussed as follows-
1. Multiple Career Options
An MBA in Banking and Finance offers a wide range of job opportunities in various government and private sectors to its aspirants. The various promising job roles include Investment Banker, Corporate Analyst, Business Analyst, Marketing Manager, Accounts Manager, etc.
2. Highly Paying Jobs
Every top company requires a Financial Manager to look into their financial accounts and cash flow statements. So, they hire experts for the same. Along with lucrative salary packages they offer a high level of job security and innumerable emoluments, which makes it an ideal job role for most of the aspirants.
3. Large Networking Opportunities
Extensive networking is crucial when it comes to making a career in Banking and Financial Management. Most of the top B-schools provide access to the alumni portal and interactions with industry experts, which helps you in building and expanding your own peer network.
4. Industry-Oriented Curriculum
An MBA degree in Banking and Finance Management covers all the aspects of an industry-driven curriculum. It helps the students to develop high-level and versatile financial abilities. Thus, they provide hands-on experience and a strong knowledge base for the students to face the complex business world.
Hence, a graduate with a specialisation in Banking and Finance Management acquires a wide range of skills and thorough knowledge in the domain which sets them apart from the crowd.
Scope of Banking and Finance Management
Graduates having a specialisation degree in Banking and Financial Management have an enormous extent of job positions in various sectors of the economy namely the government sector, private houses, corporate organisations, private and government banks, and many more. Before going in for a full-time job, most students try their hand at internships or certain part-time jobs which makes them practically ready for the workplace. Some of the job positions that are available after completing an MBA in Banking and Finance Management include
- Financial Analyst
- Finance Officer
- Chartered Financial Analyst
- Bank Manager
- Banking Business Analyst
- Budget Analyst
- Portfolio Manager
- Credit Manager
- Investment Banker
Why Pursue a Distance MBA in Banking and Finance Management?
Distance MBA has been gaining immense popularity worldwide during the last few years. It aims at imparting the required knowledge base and skill set in order to attain higher positions in the hierarchy at your workplace. Especially an MBA in Banking and Finance Management will open the door of opportunities for you.
Let’s examine certain benefits of pursuing a distance MBA course in Banking and Finance Management:
1. Economical
A conventional MBA programme in Banking and Finance Management can be quite expensive for certain students, thus making it out of the reach for many. However, a distance MBA degree is very cost-effective as it does not involve expenses related to transportation, food, hostel fee, etc.
2. Career Advancement
An online specialisation degree adds additional benefits to your career prospects because you learn while you are still working. It delivers the essential skill set along with a deep understanding of related curriculum which is a prerequisite for attaining higher-level positions in the hierarchy.
3. Self-Paced Learning
The students doing an online MBA specialisation have the advantage to pursue self-paced learning. You can take the classes when you find it suitable. You are not under any kind of pressure to stick to a schedule that might come in the way of your work commitments. This flexible learning experience helps you to balance your learning as well as your working experience.
What Will You Learn During the Course?
The industry-driven curriculum covers a thorough knowledge of both practical as well as theoretical subjects which covers a wide ambit of financial perspectives of the Banking and Finance industry. The course helps to enhance your banking as well as financial skills.
A nitty gritty semester-wise syllabus for the specialisation in Banking and Finance can be explained as follows:
| Semester I | Semester II |
|---|---|
| Management Theory and Practice | Business Communication |
| Organisational Behaviour | Essentials of HRM |
| Marketing Management | Business Law |
| Business Economics | Strategic Management |
| Financial Accounting and Analysis | Operations Management |
| Information Systems for Managers | Decision Science |
| Semester III | Semester IV |
|---|---|
| Commercial Banking System & Role of RBI | International Banking & Foreign Exchange Management |
| Cost and Management Accounting | Treasury Management in Banking |
| Retail Banking | Insurance & Risk Management |
| Corporate Finance | Business: Ethics, Governance and Risk |
| Marketing of Financial Services | Research Methodology |
| Financial Institutions and Markets | Project |
Career Opportunities
Through proper guidance and support, you can cut out an effective business career in the field of Banking and Finance Management. The diverse career opportunities available can be explained as follows-
| Portfolio Manager | A Portfolio Manager is a financial market expert who decisively plans out and manages a speculation portfolio. They understand their client’s investment purpose and refer the designed portfolios to them after proper risk analysis and assessment. |
| Bank Manager | A Bank Manager regulates the day-to-day tasks of their branch, administers the staff, and attempts to draw in new clients. He is also responsible for handling customer and employee grievances. |
| Budget Analyst | A Budget Analyst reviews and plans a budget for organisations and corporate houses which helps them allocate their financial resources, abiding by the company’s rules and regulations. |
| Investment Banker | An Investment Banker is responsible for raising capital for their clients such as government institutions, corporate houses, and other entities. They assist them in designing portfolios and making sound financial decisions. |
Job Roles and Salaries
| Job Role | Average Salary (INR) |
|---|---|
| Relationship Manager | 4.92 LPA |
| Financial Analyst | 3.90 LPA |
| Finance Manager | 8.70 LPA |
| Business Analyst | 10.79 LPA |
| Credit Manager | 7.87 LPA |
Future of the field
An MBA in Banking and Finance is amongst the top most choices of students who want to pursue a career in Management. This opens wide avenues for them in different sectors such as Finance, Accounting, Financial Management, Taxation Management, Market Research, Portfolio Management, etc.
Moreover, it prepares you to strive for excellence in this dynamic and competitive business environment. Thus, you have a promising future that offers a number of job opportunities with highly designated job positions in top companies.
FAQ’s
Q1. What are the eligibility criteria for pursuing an MBA in Banking and Finance Management?
Ans. You should have a Bachelor’s degree with a minimum of 50% from a recognised university or an equivalent degree recognised by the Association of Indian Universities.
Q2. What could be an ideal institute to pursue an MBA in Banking and Financial Management?
Ans. One of the prominent institutes to pursue an MBA course in Banking and Financial Management is NMIMS. The highly qualified faculty members provide you with in-depth knowledge and practical experience of all the subjects covered under the curriculum.
Q3. Is a Distance MBA worth it?
Ans. Distance MBA in Banking and Finance Management would be an add-on to your career graph as you can learn while you earn. Moreover, its salient features like affordability, virtual learning, career advancement options, etc. prove it to be an ideal decision.
