In India with the rising market demand and technological changes the MBA in banking and finance syllabus is being updated in most of the colleges and universities. Candidates, with strategic career planning, strong CAT scores, relevant internships, and strong networking can ensure handsome MBA in banking and finance salary in the finance and banking industries.
MBA in banking and finance is management program that is tailored for students and working professionals seeking career roles in the financial sector such as banking, financial services, investment management, risk analysis, and fintech industries.
The rising demands of skilled professionals, who are able to analyze global financial trends, navigate complex regulations and formulate decisions that will benefit the organizational wealth and contribute in their growth.
In this blog we will offer extensive guide on MBA in banking and finance course details covering their syllabus, course fee structure, course duration, best MBA in banking and finance colleges in India and their eligibility.
MBA in banking and finance course details
MBA in banking and finance program nurtures the candidate’s knowledge of business acumen and also foster essential skills like leadership, strategic thinking, and adaptability. Such attained knowledge and skills enables the students for growth and success in the financial sector.
The program is a popular and rewarding career choice of many graduates aiming to climb corporate ladder and to enhance their business and finance knowledge for a successful career. Before embarking the MBA journey, candidates need to know the total cost of the program.
MBA in banking and finance course fees
The MBA in banking and finance course fees depends on multiple factors, such as type of college, location, course mode, duration, and additional expenses (study material, hostel and mess). The MBA program fee varies from as low as ₹39,000 at JMI government colleges to high as 22 Lakhs at elite colleges like FORE and IIFT.
Mentioned below is the MBA in banking and finance course fees majorly vary on the basis location, college type and mode of learning:
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College type
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Range of total fees
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Course mode
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Top private MBA colleges like IIMs/SPJIMR/MDI
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6 lakhs-25 lakhs
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Full-time
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Government MBA college like FMS/TISS/DU/KCC-ITM
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50,000-3 lakhs
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Full-time
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Online/Distance MBA
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1 lakh-4 lakhs
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Remote (classes are conducted virtually)
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The course fees include academic fees, library charges and examination fees. Mostly colleges offer scholarships on the basis of merit, economical weaker section and reserved category students.
Leading institutes like Symbiosis, KCC-ITM and NIBM provide the candidates with scholarship on the bases of CAT entrance and graduation. This makes the program accessible for meritorious candidates.
MBA in banking and finance syllabus:
The MBA in banking and finance course duration spans over two years in full time MBA program. The two years program combines foundational management subjects with their practical’s and finance and banking centric modules.
The curriculum of MBA in banking and finance enables the candidates to interpret financial statements, manage assets, supervise bank operations, forecast financial risks, and design innovative banking products.
Each semester is designed in such a way to help candidates inculcate all the required skills through internships, live projects, industrial seminars and networking sessions. This bridges the gap between classroom learning and real world applications.
Institutes like KCC-ITM, symbiosis, NMIMS, SP Jain, and NIBM upgrade the syllabus to include advance topics like digital banking, fintech innovations, and algorithmic trading. Mentioned below is the brief overview of MBA in banking and finance syllabus:
Semester I
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Principles of Management
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Managerial Economics
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Organizational Behavior
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Business Communication
Semester II
Semester III
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Risk Management and Insurance
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Financial Markets and Services
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E-Banking and Fintech Innovation
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Operations Research
Semester IV
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International Banking and Finance
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Strategic Management
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Wealth Management and Portfolio Theory
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Dissertation/Practical Project
The practical learning of software tools like Tally, MIS and Excel, industrial training and workshops, case analysis, and internships is a compulsory part of curriculum in some colleges like NMIMS, KCC-ITM and IGNOU.
MBA in banking and finance colleges in India
In India, MBA in banking and finance is offered by many colleges. This specialization is a remarkable choice for aspirants, who are superior with numbers and analytical skills. Specialization in finance management is selected by candidates who are seeking employment in finance department and keen to learn about profit-loss analysis in business, cash management and investments.
In India, MBA in banking and finance salary is determined by institute reputation, job role, city, and specialization chosen. Mentioned below are the list of MBA in banking and finance colleges in India with their salary package:
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College Name
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location
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Course fees
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MBA in banking and finance salary package
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Entrance Exam
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NIBM Pune
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Pune
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₹7 lakh (2 years)
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₹9-11 LPA
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CAT
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NMIMS Mumbai
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Mumbai
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₹12 lakh
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₹14-16 LPA
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NMAT
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IGNOU (Distance)
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Pan-India
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₹66,000
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₹6-8 LPA
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OPENMAT
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SP Jain Institute of Management
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Mumbai
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₹17 lakh
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₹20+ LPA
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CAT/XAT
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XLRI Jamshedpur
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Jamshedpur
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₹23 lakh
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₹25-28 LPA
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XAT
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Symbiosis School of Banking
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Pune
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₹10 lakh
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₹8-10 LPA
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SNAP
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KCC-ITM
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Greater Noida
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2.6 Lakhs
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12.63-18 LPA
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CAT or direct admission on the basis of merit scores.
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LPU (Online)
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Pan-India
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₹1.8 lakh
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₹5-8 LPA
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Own Test
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Amity University
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Delhi NCR
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₹3-4 lakh
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₹7 LPA
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MAT/GMAT
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FORE School of Management
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Delhi
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₹15 lakh
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₹14-16 LPA
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CAT
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IMT Ghaziabad
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Ghaziabad
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₹14 lakh
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₹12-14 LPA
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CAT/C-MAT
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IIM Kozhikode
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Kozhikode
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₹23 lakh
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₹25-27 LPA
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CAT
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IIM Lucknow
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Lucknow
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₹23 lakh
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₹22-26 LPA
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CAT
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IIM Calcutta
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Kolkata
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₹23 lakh
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₹27-30 LPA
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CAT
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Jamnalal Bajaj Institute of Management Studies (JBIMS)
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Mumbai
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₹18 lakh
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₹20-25 LPA
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MH-CET
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Chandigarh University
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Chandigarh
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₹1.5-3 lakh
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₹6-10 LPA
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CMAT, CUET
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Jain University (CMSJU)
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Bangalore
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₹1.5-2 lakh
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₹5-8 LPA
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Jain Entrance Test
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Bennett University
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Greater Noida
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₹5-6 lakh
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₹7-9 LPA
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CAT/MAT/GMAT
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Welingkar Institute of Management
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Mumbai
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₹14 lakh
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₹12-15 LPA
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CAT/XAT/CMAT
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SIBM Pune
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Pune
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₹18 lakh
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₹18-22 LPA
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SNAP
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MBA in Banking and Finance eligibility
The eligibility criteria for admission in MBA in Banking and Finance programs is to complete a bachelors degree from any stream with minimum aggregate of 50% and qualifying CAT/XAT/MAT/NMAT/GMAT for admission in top colleges.
Colleges likes XLRI/IIMs/NMIMS prefer work experience in sectors like banking, finance and allied sectors. For global institutes, strong English communication and test like IELTS/TOEFL are compulsory.
The shortlisted candidates will be called for profile assessment that includes group discussion GD or/and PI personal interview. After the GD and PI candidates are asked to submit course fee for seat allotment.
Final Takeaway
In conclusion, there is high industry demand of MBA in banking and finance professionals which offers lucrative salary packages and global opportunities. This specialization has become top choice of MBA aspirants who are passionate about finance, banking, and transformative economic roles.
MBA in banking and finance salary in India depend on candidate’s skills, location, chosen specialization, work experience and industry/department. The MBA in banking and finance salary for fresher’s ranges from 8LPA to 25LPA depending on the college and skill set MBA graduates posses.
The MBA in banking and finance course fee ranges from 2.6 lakhs to 25 lakhs in colleges like IIMs, ISB, FMS, SPJIMR, KCC-ITM offering placement in sectors like investment banking, consulting, product management, and technology leadership roles.
If candidates value high ROI, global industrial exposure, affordable fees structure, strong placement and flexible admission process then, they should go for top private colleges like KCC-ITM. So, it is up to the aspirants which choice of college aligns with their goals and ambitions.
FAQs for MBA in Banking and Finance
Q1. Which MBA is best for banking and finance?
Ans1: The best MBA for banking and finance program are MBA in banking and finance, MBA in Financial management, MBA in Banking and Insurance. These specializations are offered by top institutes such as NMIMS, KCC-ITM, XLRI, IIMs, and IGNOU.
Q2. Can an MBA get a job in a bank?
Ans2: Yes, an MBA can get job in a bank. If candidates have selected MBA in finance and banking or MBA in finance management have high chances of securing a job in banks. MBA graduates can get job roles such as Relationship Manager, Credit Analyst, Loan Officer, Branch Manager, or even officer-level positions in various public and private sector banks.
Q3. What is the salary of MBA finance in a bank?
Ans3: The MBA banking and finance salary depends on experience, role, location, and institution. The salary package ranges from 8LPA to 25LPA depending on the college and skill set MBA graduates posses.
Q4. Who is eligible for MBA in banking and finance?
Ans4: The MBA in banking and finance eligibility criteria requires candidates to complete graduation with 50% aggregate and qualify MBA entrance like CAT/XAT/NMAT GMAT for admission in top colleges.
Q5. Which MBA specialization is best?
Ans5: The best and in-demand MBA specialization which offers high salary are finance and banking, business analytics, consulting, product management, and IT.