Online MBA in Banking & Finance: Eligibility, Fees, Scope & Jobs

The Online MBA in Banking and Finance is the best course for graduates and working professionals who want to develop a successful career in the financial services sector without giving up their current jobs.

This specialized online MBA provides an in-depth education on banking operations, investment management, control of risk, and financial analysis, all highly sought-after capabilities in India.

Online or distance MBA in Banking and Finance programs offer exciting benefits and added value over a regular MBA, such as the freedom to study at your own pace, reduced costs, and opportunities to study at a UGC-approved university. It will equip you for a career as an Investment banker, Financial analyst, and Risk manager.

Looking to enroll in the best Online MBA in Banking and Finance? Connect with EduKyu today and get expert admission guidance for top universities.

Key Takeaways:

An Online MBA in Banking and Finance gives you job-related knowledge, is affordable, and enables you to be flexible with your schedule.
Distance and online modes are UGC recognised and are widely accepted.
Some leading universities are IGNOU, Symbiosis, Amity, NMIMS, Jain, and Manipal.
Possible careers are Investment Banker, Risk Manager, and Financial Analyst.
EduKyu helps students find good support for admissions into leading MBA programs.

What is an MBA in Banking and Finance?

An MBA in Banking and Finance is a focused management degree that addresses banking, financial analysis, investment management, and risk assessment. Following the learning process followed in a regular MBA, individuals can leave this program with domain-specific skills and knowledge that can apply to career positions in commercial banks, NBFCs, insurance companies, fintech startups, and global financial markets.

The degree program is available in many formats, such as full-time, online, distance education, executive, and even one-year fast-track programs.

Why MBA in Banking and Finance?

An MBA in Banking and Finance gives students specialised training necessary to succeed in the rapidly advancing financial sector. The program is a blend of practical application and management training, ultimately leading to high-paying positions in banks, fintech firms, and investment companies.

With the growth of fintechs, digital banking and other globally integrated financial services, there is a surge in demand for qualified managers.
Acquire knowledge of corporate finance, investment banking, risk management, and financial analytics through practical experience.
Take a job at a major bank, consulting firm, non-banking financial company, or international financial centre.

Note: EduKyu works with premier Indian universities to help you gain admission into UGC approved MBA programs in banking and finance.

MBA in Banking and Finance Course Details

The MBA in Banking and Finance includes everything from basic finance subjects to advanced banking modules, and this section will provide you with a detailed view of the syllabus, subjects, and course structure.

The syllabus typically includes:

Financial Management
Banking and Insurance Management
Corporate Finance
Risk Management
Investment Banking
International Finance
Financial Services Regulations
Fintech and Data Analytics

Electives may include taxation, capital markets, and digital banking modules.

Duration & Modes of Learning

An MBA in Banking and Finance is available in various formats for fresh graduates, working professionals, and executives. In this subsection, we outline course duration and modes of delivery and learning, which can include online, distance learning, executive, and one-year MBA.

Mode of Learning	Course Duration
Online MBA in Banking and Finance	2 years, flexible learning via LMS
Distance MBA in Banking and Finance	2 years, flexible exams, self-paced
Online Executive MBA in Banking and Finance	1-2 years, tailored for professionals
One-Year Distance MBA in Banking and Finance	Fast-track options for working executives

Top 6 Universities for Online MBA in Banking and Finance

Selecting the right university is vital to obtaining a recognized and valuable MBA degree. We provide you with a comprehensive list of UGC-approved universities in India which provide online and distance MBA in Banking and Finance, and the essential information for each of them.

University	Mode	Duration	Accreditation	Fees (Approx.)
Symbiosis Centre for Distance Learning (SCDL)	Distance	2 years	UGC-DEB, AICTE	INR 74,000
IGNOU	Distance/Online	2 years	UGC, AICTE	INR 62,000
Amity Online	Online	2 years	NAAC A+, UGC	INR 1,99,000 to 2,99,000
NMIMS Global	Online	2 years	AICTE, UGC	INR 1,96,000
Jain Online	Online	2 years	NAAC A+, UGC	INR 2,20,000
Manipal Online	Online	2 years	UGC, AICTE	INR 17,74,000

Overview of Online MBA in Banking and Finance Universities

Selecting the right university is crucial for shaping your MBA experience. Here are some leading UGC-approved institutions that offer Online/Distance MBA in Banking and Finance, along with the specifications, reasons to support your ideas, and benefits of each program.

1. Symbiosis Centre for Distance Learning (SCDL)

Symbiosis is one of the top distance education institutes in India. It offers the SCDL MBA in Banking and Finance, specifically designed for students and professionals who are seeking to specialise in areas such as corporate finance, risk management, or banking practices. The program is delivered completely online with recorded lectures, study material and online exams.

Benefits of the MBA in Banking & Finance from Symbiosis:

The program is approved by UGC-DEB and recognized by AICTE.
Strong reputation with 25 years of distance learning experience and known for a wide range of banking and finance programs.
Affordable fee structure with an affordable payment schedule.
Additional support in placement from student and alumni networks.
Ease of access to all digital materials and online materials at your convenience.

2. IGNOU (Indira Gandhi National Open University)

IGNOU is the largest Open university in India and is a preferred choice by distance learners. IGNOU's online MBA in Banking and Finance (done in collaboration with the Indian Institute of Banking & Finance) is one of the most affordable programs available in the country, addressing both the theory and applied dimensions of banking and finance.

Advantages of an MBA in Banking & Finance from IGNOU:

The most affordable fee structure among all other universities in India.
Collaboration with IIBF means it is very pertinent for banking professionals.
UGC recognized, AICTE approved and globally accepted.
Flexible study material and exams.
Great support through regional centres throughout India.

3. Amity Online University

Amity University Online, with NAAC A+ accreditation, has recently launched a globally recognized Online MBA in Banking and Finance. By combining recorded sessions, live classes, and case studies, the program prepares learners for jobs with banks, fintech companies, and financial consulting firms.

Key benefits of taking an MBA in Banking & Finance from Amity Online:

NAAC A+ accreditation, UGC approved, and globally recognized.
AI-enabled learning platform offering recorded and live classes.
Optional global immersion programs offering international exposure.
Strong corporate partnerships resulting in placement opportunities.
24x7 student support and career services.

Check out the Amity Online MBA in Banking & Finance, and apply now with EduKyu to avail professional guidance and EMI assistance.

4. NMIMS Global (Narsee Monjee Institute of Management Studies)

NMIMS has a strong reputation as one of the leading management institutions in India. The NMIMS Global Online MBA in Banking and Finance features a future-ready curriculum addressing topics like financial planning, international finance, and advanced risk management.

Benefits of an MBA in Banking & Finance from NMIMS Global:

Included in the top private university rankings in India
AICTE & UGC approved online MBA program
Corporate-driven curriculum and UI/UX designed for working professionals
Flexible learning through live and recorded lectures
Great placement record from leading financial institutions

Are you planning to study Banking & Finance at NMIMS? Apply through EduKyu for quick enrolment and expert admission assistance.

5. Jain Online University

Jain (Deemed-to-be University) provides a flexible and industry-focused Online MBA in Banking and Finance program. Jain's MBA program is NAAC A+ accredited and combines academic learning with industry insights through case studies and simulation projects.

Benefits of doing your MBA in Banking & Finance from Jain Online:

NAAC A+ accredited and UGC approved.
Curriculum developed based on case studies from the real world.
Affordable fees with the benefit of EMI.
Career mentoring and interview preparation.
A choice of many good banks and financial firms is provided to all graduates.

Take the next step in your journey with Jain Online MBA Apply today with EduKyu and make the admissions process easy.

6. Manipal University Online

Manipal Online offers a highly regarded and internationally recognized MBA in Banking and Finance. This program is designed for learners looking to develop managerial capabilities in financial services, banking, and consulting.

Benefits of pursuing an MBA in Banking & Finance from Manipal Online:

UGC-entitled, globally recognized degree.
Interactive live classes by expert faculty.
Partnerships with industry to help with placement.
Replicated industry experience through digital learning in virtual labs.
Career assistance and mentoring.

Looking to pursue an MBA from Manipal University? Apply with EduKyu for complete admission assistance.

MBA in Banking and Finance Eligibility

General Eligibility Criteria

Bachelor's degree in any stream with a minimum of 50% marks.
Some universities accept entrance exam scores (CAT, MAT, XAT, GMAT), while others allow direct admission.

MBA in Banking and Finance for Distance Learning

Bachelor's degree with at least 45-50%.
No mandatory entrance exam for many distance universities.
Work experience preferred but not mandatory.

Executive MBA in Banking and Finance Eligibility

Graduation + 2-5 years of professional experience.
Designed for working managers and executives.

MBA in Banking and Finance Scope in India

The scope of an MBA in Banking and Finance is very large in India, with this area being one of the biggest elements of the economy. This has led to the emergence of private banks, NBFCs, fintech startups, and digital financial services, that has created job opportunities after MBA in Banking and Finance.

Graduates can work in:

Public Sector Banks (PSBs): SBI, PNB, Bank of Baroda, etc.
Private Banks: HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank.
Non-Banking Financial Companies (NBFCs): Bajaj Finance, Tata Capital.
Insurance Companies: LIC, HDFC Life, ICICI Prudential.
Fintech Startups: Paytm, PhonePe, Razorpay, Policybazaar.

Job Roles after MBA in Banking and Finance

Investment Banker: Handling IPOs, mergers, and acquisitions.
Risk Manager: Identifying and managing financial risks.
Financial Analyst: Analysing market trends and company performance.
Credit Analyst: Evaluating loan applications and creditworthiness.
Treasury Manager: Managing liquidity and capital of organisations.
Corporate Finance Consultant: Advising businesses on financial planning.

Salary Packages in India

Entry-Level: INR 5-7 LPA
Mid-Level: INR 8-12 LPA
Senior Roles: INR 15-25 LPA (varies by organization and experience)

Admission Process for Online/Distance MBA via EduKyu

Navigating the admission process with multiple universities on the market can be overwhelming. That's where EduKyu works to make your admission process simple and painless, helping you find the right university from shortlisting to final enrolment. EduKyu offers guidance at every step so that you do not miss out on a great opportunity.

The 5-Step Process for Admission through EduKyu:

Receive Free Counseling with EduKyu Experts: Tell us about your academic history, career goals, and your expectations in a university arrangement. EduKyu will help identify the best UGC approved Universities for Online/Distance MBA in Banking and Finance.
Compare Universities & Programs: You will have a side-by-side comparison for each of the top universities (like the fees, eligibility criteria, syllabus, and placement support). EduKyu will help ensure that you are clear about your choice.
Receive Application Submission Assistance: EduKyu will assist you with filling out the online application form correctly. It will guide you with the upload of documents and payment of the application fee.
Admission Confirmation: EduKyu is involved with the colleges and universities; we fast-track your application and help you confirm your admission. You will be confirming your admission and receiving the enrolment ID in the process.
Start Learning without delay: You will get immediate access to your study materials, LMS platform, and live classes (subject to the university). EduKyu can continue to support you during this period and offer post-admission support as well.

Connect with EduKyu counsellors and explore which university suits your profile better.

Fees & ROI of Online/Distance MBA in Banking and Finance

It is important to understand the fee structure and return on investment (ROI) before you choose an MBA program. In this section, we will compare the cost of the Online/Distance MBA in Banking and Finance against potential salaries in India so you can make a better-informed choice.

College/University	Average Salary (LPA)	ROI %
IGNOU	INR 3.5 LPA to 15 LPA	High ROI
Symbiosis SCDL	INR 5 LPA to 15 LPA	High ROI
Amity Online	INR 4 LPA to 16 LPA	Good ROI
NMIMS Online	INR 6 LPA to 30 LPA	Very Good ROI
Jain Online	INR 6 LPA to 31 LPA	Very Good ROI
Manipal Online	INR 7 LPA to 14 LPA	Good ROI

How EduKyu Helps You

Selecting an appropriate university for an Online/Distance MBA in Banking and Finance can be daunting, with so many various universities to evaluate, eligibility criteria to consider, and fees to compare. This is where EduKyu can support you as a trusted partner.

Specialist advice to align your career objectives and the MBA program.
Universities, costs, course contents, and educational accreditation guarantees are side-by-side comparisons.
Reliable step-by-step support filling in applications and submitting the necessary documentation.
Direct support in confirming your acceptance with universities.
Continue to assist you after your acceptance to keep you updated during your course.

Conclusion

The Online MBA in Banking and Finance is an excellent option for students and professionals who want to advance in the continually growing arena of finance and banking. The program is flexible, affordable, and offers a strong scope for career growth and development, which will lead to rewarding opportunities in India and internationally.

Apply now with EduKyu to get your admission to one of the leading UGC-approved Online MBA in Banking and Finance programs.