Top Masters Courses in Banking and Finance in 2023: MBA, PGDM, Executive

An ever-increasing demand for financial experts and banking professionals has created a demand for master's degrees in banking and finance among students and professionals alike. According to a corporate recruiter survey conducted in 2022, 97% of employers are looking to hire MBA graduates compared to 92% in 2021, a 5% increase in just a year. This blog will discuss the top MBA - Banking & Finance courses in 2023 in detail.

What is MBA - Banking & Finance means?

MBA stands for Master of Business Administration, a graduate-level degree programme focusing on various aspects of business management. An MBA in Banking and Finance is a specialised programme focusing on the banking and financial services industry.

This MBA - Banking & Finance programme provides students with a comprehensive understanding of the financial sector, focusing on financial management, investment analysis, risk management, financial markets and institutions, and banking regulations.

An MBA in Banking and Finance can lead to various job opportunities, such as Investment Banker, Financial Analyst, Risk Manager, Portfolio Manager, Financial Advisor, and Corporate Finance Manager. You can also opt for a PG diploma in Banking and Finance. Both MBA and PGD are 2-year courses training participants to manage everyday banking and financial operations. They mainly differ in the eligibility criteria, tuition fee and the degree offered post completion of the course.

Eligibility criteria

The eligibility criteria for an MBA in Banking and Finance may vary depending on the institution offering the programme. However, some general eligibility criteria commonly required for the MBA in finance and marketing include:

Educational Qualification

Candidates must have a bachelor's degree in any discipline from a recognised university or college. Some institutions may require candidates to have a minimum CGPA or percentage, in most cases 55%, in their undergraduate degree.

Entrance Exam

Many institutions require candidates to appear for entrance exams such as CAT, GRE, XAT, or GMAT. These exams assess the candidate's aptitude, quantitative abilities and logical reasoning that form the basis of MBA financial management.

Work Experience

Some institutions may require candidates to have relevant work experience in the banking and finance industry. Typically, candidates with 1-3 years of work experience are preferred for admission to this course.

English Language Proficiency

Candidates whose first language is not English may need to demonstrate their proficiency in the English language by providing scores of standardised English language proficiency tests such as TOEFL or IELTS.

Fees structure, syllabus, programme structure

The fee structure, syllabus, and programme structure for an MBA in Banking and Finance may vary depending on the institution offering the program. However, here is some general information that can provide an idea about the same:

Fees Structure: The fees for an MBA in Banking and Finance may range from INR 5.5 lakhs to INR 22 lakhs, depending on the institution, location, mode of study, and other factors.

Syllabus: The syllabus for an MBA in Banking and Finance typically covers core management subjects such as marketing management, organisational behaviour, business communication, and financial accounting, along with specialised subjects that provide knowledge about the industry:

• Investment Analysis and Portfolio Management
• Risk Management
• Financial Markets and Instruments
• Financial Reporting and Analysis
• Derivatives and Risk Management
• Financial Management
• International Finance
• Banking Operations and Services
• Corporate Finance
• Strategic Financial Management

Programme Structure: An MBA in Banking and Finance comprises of four semesters spread over two years. The programme may include classroom lectures, case studies, projects, and internships providing practical exposure to the industry. Some institutions may also offer specialisation options within the MBA in Banking and Finance programme like an Executive MBA, MBA in Investment Banking and others. Overall, the MBA in Banking and Finance programme aims to provide students with a comprehensive understanding of the banking and finance industry, equipping them with the necessary skills and knowledge to pursue careers in this field.

Career objectives

By pursuing an MBA in Banking and Finance, individuals can gain a competitive advantage in the job market and position themselves for leadership roles in the banking and finance industry. Here are some specific career objectives of MBA in Banking and Finance:

1. Develop strong analytical and quantitative skills essential for decision-making.
2. Build a professional network with industry experts and peers.
3. Prepare for career advancement opportunities.
4. Gain a comprehensive understanding of financial markets, banking operations, and financial instruments.
5. Acquire knowledge of the latest financial tools and technologies used in the industry.
6. Develop leadership and communication skills necessary for managing teams and communicating with clients.
7. Pursue a career in investment banking, corporate finance, risk management, financial analysis, or other related fields.

Companies hiring for MBA banking and finance

Several companies hire candidates possessing an MBA in Banking and Finance. Here are some of the top companies in India that regularly hire MBA graduates in the said domain:

• HDFC Bank
• Axis Bank
• Kotak Mahindra Bank
• Standard Chartered
• J.P. Morgan
• Morgan Stanley
• American Express
• Deloitte
• ICICI Bank
• State Bank of India
• HSBC
• Deutsche Bank
• Goldman Sachs
• Citigroup
• Ernst & Young

Govt job eligibility after this programme

After completing an MBA in Banking and Finance, candidates can also explore job opportunities in the government sector. However, eligibility for government jobs may vary depending on the specific job role and the organisation offering the position. Here are some government jobs that are suitable for MBA in Banking and Finance graduates:

Banking and Financial Institutions - Graduates can apply for various positions in nationalised banks, public sector banks, regional rural banks, and other financial institutions. Some job roles include Bank Clerk, Relationship Manager, Bank PO, Credit Analyst, and Investment Officer.

Insurance Companies - Applicants can aim for positions like Claims Officer, Insurance Agent, and Insurance Underwriter in insurance companies such as NICL, LIC, and GIC.

Financial Regulatory Bodies - Graduates can apply for positions in financial regulatory bodies such as IRDAI, RBI, and SEBI. The preferred job roles include Assistant Manager, Officer, and Assistant Director.

Public Sector Undertakings - Various Public Sector Undertakings (PSUs) such as NTPC, ONGC, and BHEL also hire MBA graduates in positions like Management Trainee, Executive Trainee, and Assistant Manager.

Eligibility criteria for government jobs may vary, but typically candidates should have a bachelor's degree from a recognised university or institution. In some cases, candidates may also need to clear entrance exams such as UPSC, IBPS, or SSC. Check the specific eligibility criteria for your preferred job role and organisation before applying.

Salary package after MBA in Banking and Finance

An MBA in Banking and Finance can land you attractive salary packages. However, the salary offered may vary depending on factors, such as the institution from which the degree was obtained, the type of organisation, job role, work experience, and location.

According to PayScale India, the average salary for an MBA in Banking and Finance in India is around INR 8.5 lakhs per annum. However, the salary can range from INR 3 lakhs per annum to INR 20 lakhs per annum or even higher, depending on the above-mentioned factors.

Here are some salary estimates for popular job roles in the banking and finance industry for MBA graduates:

• Investment Banker - INR 12.5 LPA - INR 32 LPA
• Relationship Manager - INR 4.5 LPA - INR 15.5 LPA
• Credit Analyst - INR 3.5 LPA - INR 13 LPA
• Financial Analyst - INR 4.5 LPA - INR 15 LPA
• Operations Manager - INR 5.5 LPA - INR 18.5 LPA
• Risk Manager - INR 6.5 LPA - INR 19.5 LPA
• Asset Manager - INR 7.5 LPA - INR 25.5 LPA

It is important to note that the salary package also depends on the performance of the candidate and the organisation's performance, which can result in additional bonuses, incentives, and promotions.

Conclusion

Discover Amity University Online's range of MBA programmes available both online and offline. Take the first step towards securing your MBA admission and connect to a Mentor for a guided tour of the courses. Check out the scholarships Amity offers on the various programmes. For more information, visit Amity University Online today!