Online MBA in Banking and Finance: Colleges, Fees, Eligibility, Scope

Banking and finance are the most significant industries in the world. They are an evergreen and stable field. After the IT field, the banking and finance industry generates maximum career opportunities. However, these industries require skillful professionals who understand responsibilities and hold excellent management skills and financial knowledge. If you’re interested in offering wings to your career in finance and banking, you need to acquire advanced finance and banking knowledge. MBA in Banking and Finance, the dual specialisation, is the most reputed programme to start your career in these fields. Several universities provide MBA specialisation in Banking and Finance.

However, if you can’t pursue the MBA because you are already engaged in your job and responsibilities, you can seek a 2-year online MBA in Banking and Finance. The online programme will develop your financial and banking knowledge, nourish your management skills, and help you make your career in this all-time booming field.

In this blog, we have covered all you need to know about an MBA in finance and banking.

Best institute for doing online MBA in Banking and Finance

Various institutes in India offer online MBAs in banking and finance courses. Here, we have curated a list of top institutes based on their curriculum, pedagogy, fees, and eligibility criteria.

1. Jain University


Jain University is a private deemed-to-be university located in Bangalore. It offers various course options to students along with dual specialisations. Jain University was ranked #219 in the Asian university ranking in 2024. Pursuing an online MBA in Banking and Finance from Jain University adds a competitive edge to your learning. The university is associated with vital institutes like the International Skill Development Corporation, the Association of Chartered Certified Accountants, etc., to offer its students excellent courses.

Jain University Online MBA in Banking and Finance

Course NameMBA in Banking and Finance
Total Couse FeesRs 2,60,000/-
Fee Per SemesterRs 62,500/-
Total Course/Subjects
22
Project Course
1 Master Thesis
Alternate Course Option
  • MBA in Retail Banking Operations
  • MBA in Finance
  • MBA in Digital Finance
  • MBA in International Banking
Admission Date
January, July
Eligibility
Bachelor’s degree in any stream from a recognized university with at least 50% marks and 5 % relaxation for reservation category
Entrance Exam
No
Pedagogy
  • Two-way live online audio-video lectures
  • Pre-recorded audio-video lecture
  • Interactions through the discussion forum on the LMS
  • e-content/ printed material
  • Self-study materials- assignments, quiz & MCQs, essay-type questions, case study, etc.
  • Individual and group projects
Career Advancement Service
Yes with 93% placement record

2. IGNOU (Indira Gandhi National Open University)


IGNOU is one of the excellent universities in our country to pursue distance education. The university provides the MBA in Banking and Finance (MBF) course exclusively for those individuals who are already working or interested in working in the finance and banking sector. The university believes that there’s a great scope in banking and finance in India. As the awareness for these services recently started. Hence, the IGNOU MBF programme aims to produce skillful professionals for these sectors to fulfil the upcoming demand.

IGNOU MBF details

Course NameMBA in Banking and Finance
Total Course FeesRs 62,000/-
Fees Per SemesterRs 15,500/-
Total Course/Subjects
28
Core Course20
Specialisation/Chosen Course7
Project Course
1
Alternate Course Option
MBA in Financial Management
Admission Date
January, July
Eligibility
  • Bachelor’s degree in any stream from a recognized university with 50% marks
  • Or, 45 % if you belongs to reservation category 
  • Or, you ‘re a Chartered Accountancy/Cost Accountancy/Company Secretaryship graduates
Entrance Exam
  • Temporary Cancelled for January 2024 session 
  • (students are advised to check if they’re taking admission in other sessions)
Pedagogy
  • Print Material
  • Audio-Visual Material Aids
  • Counselling Sessions
  • eGyanKosh
  • IGNOU e-Content Mobile App
  • Audiobooks
Career Advancement Service
Yes, Community driven placement cell

3. Online Manipal University


Online study at Manipal University is another option to pursue an MBA in banking and finance at your pace with a tailored study plan, curriculum, and expert guidance. The online Manipal University MBA in banking and financial services (BKFS) aims to create a professional workforce for banking and finance sectors that can empower the digital transformation of banking, investments, and finance management.

Online Manipal University BKFS details

Course NameMBA in Banking and Financial Services
Total Couse FeesRs 3,60,000/-
Fee Per SemesterRs 90,000/-
Total Course/Subjects
40
Alternate Course Option
MBA in Finance
Admission Date
January
Eligibility
A graduate in any subject with a minimum 50% marks and Minimum 1 year work experience
Entrance Exam
No
Pedagogy
  • Live classes
  • Pre-recorded videos
  • Course management through LMS portal 
  • Mandatory Assignments
Career Advancement Service
Yes with 100% placement record

4. Shoolini University


Shoolini Online and Distance University are among India’s top private universities for pursuing online higher education. The university provides an MBA with specialisation in Banking and Financial Services. You can pursue your online MBA with Shoolini University, known for offering pay-after-placement MBA programmes. The initiative helps you stay assured of the job.

Shoolini University MBA in Banking and Financial Services

Course NameMBA in Banking and Financial Services
Total Course FeesRs 80,000/-
Fees Per SemesterRs 20,000/-
Applicable Fees Per Semester with Pay after PlacementRs 15,000/-
Applicable Fees after PlacementRs 60,000/-
Total Course/Subjects25
Core Course
13
Specialisation/Chosen Course
10
Research Project2
Internship8 Weeks
Alternate Course Option
MBA in Financial Management
Admission Date
January, August
Eligibility
At least 50% marks in bachelor’s program
Entrance Exam
No
Pedagogy
  • Recorded and live learning sessions
  • Class management with LMS portal
  • E/printable study materials
Career Advancement Service
Yes with 100% placement record

Other Universities with Similar "Online MBA in Banking and Finance" Courses 


Apart from these top online MBA universities, you can also be admitted to Amity online university, which offers an "MBA in International Finance", "An MBA in Global Finance", and "An MBA in Insurance Management" to lead your career in the finance and banking sectors. These are similar courses to an MBA in Banking and Finance.

Other options are Uttaranchal University with an "MBA in Finance Management" course, DY Patil deemed-to-be University with an "MBA in Finance Management" and Lovely Professional University (LPU online) with an MBA specialisation in Finance.

All of these universities are recognised by UGC and known for offering learners the best distance education experience.

Future Scope of MBA in Banking and Finance 


After pursuing an MBA in Banking and Finance, You can explore various high-paying career options and get significant positions like Wealth manager, investment banker, financial risk manager, treasury manager and more.
DesignationAverage Salary
Wealth Manager
Rs 7.6 LPA
Investment Banker
Rs 17.8 LPA
Financial Risk Manager
Rs 11.6 LPA
Financial Analyst
Rs 5.9 LPA
Credit Risk Analyst
Rs 11.6 LPA
Treasury Manager
Rs 14.4 LPA
Fund Investment & Service Provider
Rs 5.5 LPA
Asset ManagerRs 5.5 LPA
Corporate Banker
Rs 14.5 LPA
Financial Risk Advisor
Rs 7.4 LPA
Investor Relations officer
Rs 2.1 LPA
Financial Compliance officer
Rs 8.4 LPA
Private Banker
Rs 8.4 LPA
Wholesale BankerRs 6.5 LPA

Conclusion


India is a developing country and is among the fastest-growing economies. In addition, everything, including banking and finance management, is getting digitised. The nation's growth and progress and the digital transformation of banking sectors are opening doors for financial experts in various fields. Pursuing your MBA in Finance and banking online and acquiring all the relevant skills can take your career to the next level.

Wondering how to go through the admissions process, course selection and college for online learning?

Edukyu, an online education consultant, takes your back by easing online education for every individual. We provide free consultancy services to students to help them select the right college and courses by understanding their budget, career goals, requirements, geography, and other crucial factors.

In addition, we also make the admission process hassle-free and offer you the required support throughout your learning journey. Connect with us and fasten the process of your decision-making and admission to online MBA in Banking in Finance, online MBA in Finance, online MBA in International Finance, online MBA in Digital Finance, online MBA in Retail Banking, online MBA in International Banking, online MBA in Global Banking and other relevant courses that can shape your career goal.

FAQs Related to MBA Banking and Finance


Q: What is a banking and Finance MBA?

A: MBA in Banking and Finance is the in-depth study of banking and finance concepts that equips individuals with skills to operate highly responsible sectors- Banking and Finances.

Q: What is the difference between an MBA in banking and Finance vs an MBA in Finance?

A: The key difference is that an MBA in banking and Finance is a dual degree focusing on Finance and banking. MBA in Finance covers broad concepts of Finance only.

Q: Is MBA banking and Finance in demand?

A: MBAs in Banking and Finance are in high demand. With the growth of the nation, the demand for it is estimated to go up. Professionals with relevant skills can get various opportunities in the banking and finance sectors.

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