MBA in Banking and Finance

6 minute read
MBA in Banking and Finance

Invariably interlinked, the areas of banking and finance are rapidly turning out to be wheels of the modern globalized world with applications in traditional areas of engineering, life sciences and law to relatively nascent fields like sustainability, migration and behavioural sciences, etc. In this respect, degree programs like MBA in Banking and Finance, MBA in Banking, MBA in Global Finance, etc are especially instrumental in readying the next-gen of professionals with the latest knowledge of markets, their mechanics, the flow of money and much more. Further, MBA courses tilt towards management studies which aid individuals in entering top-level Investment Banking jobs as well. This blog focuses on the MBA in Banking and Finance degree and elucidates the relevant details from an aspirant’s point of view.

Full FormMaster of Business Administration in Banking and Finance
Duration2 Years
AgeNo Specific Age Limit
Subjects RequiredAny discipline
Minimum Percentage50% in Graduation
Average FeesINR 80,000 – 24 Lakhs
Average SalaryINR 3 – 7 Lakhs [Source: Payscale]
Employment RolesFinancial Analyst, Finance Officer, Finance Associate, Finance Senior Analyst, Chartered Financial Analyst, Banking Business Analyst, Bank Manager

MBA in Banking and Finance

Somewhat similar to other banking courses on offer around the world, students of the MBA in Banking and Finance program undergo intensive multidimensional grooming starting from the fundamentals of management sciences and accounting to current banking regulations, innovative financial instruments and other emerging issues of the economy. Broadly, the subjects are offered in three categories: core, specializations, and electives with specializations allowing students to mould the degree according to their interests. Common topics of specialization include business analytics, corporate financing & investment banking, security analysis, international banking law, risk management, etc. Graduates also supplement their degrees with progress or certifications such as CFA, FRM, CFP, etc so as to set up a bright career in finance or a career in banking

Skills Required

Given below are the skills required to pursue an MBA in Banking and Finance. Check them out:

  • Candidates for this Banking & Finance Management course should have aptitude in mathematics, diplomacy, clear analysis, and knowledge of the banking system.
  • Candidates who possess problem-solving skills in accounting are also qualified for this course.
  • Candidates for this course should also possess leadership qualities, interpersonal and communication skills, computer and technology proficiency, and the ability to inspire team members.
  • In order to meet deadlines for work, candidates also need strong time management abilities.

Eligibility Criteria

The eligibility criteria to secure admission to an MBA in Banking and Finance are given below:

  • Candidates must hold a BBA/degree Bachelor’s in banking from an accredited university or an equivalent degree to be eligible to enrol in this course.
  • In addition, candidates should earn a bachelor’s degree with an average of 55% of the possible points on a 6-point scale or higher. From one college to the next, the percentage might be different.
  • The applicant must be at least 21 years old when submitting an application for the test.
  • For SC/ST/PwD/OBC categories, many MBA colleges and entrance exams offer a 5% graduation relaxation.

Admission Process

The eligibility requirements for the MBA banking and finance admission process vary from university to university based on student intake, reputation, and ranking. The management quota system or a merit list are both used for the MBA in the Banking admissions process.

Top universities only accept applicants who meet a qualifying quota determined by cut-off scores derived from entrance exam results and undergraduate percentages. Students must pay a certain sum as the capitation fee for admission under the management quota.

Top Entrance Exams

The following are the principal entrance exams held by reputable colleges and universities:

Exam NameRegistration DateExam Date
ATMADecember 24, 2022 – February 17, 2023February 25, 2023 (February Session)May 28, 2023 (May session)July 23, 2023 (July session)
CATTo be Announced To be Announced
CMATDecember 26, 2022 – February 25, 2023March 26, 2023
GMATThroughout the year    Throughout the year    
MATTo be AnnouncedTo be Announced
NMATTo be AnnouncedTo be Announced
SNAPTo be AnnouncedTo be Announced
XATAugust 10, 2022 – December 12, 2022 January 8, 2023

MBA in Banking and Finance Subjects

In addition to the MBA in Baking and Finance offered at the postgraduate level, there are several upcoming options at many levels one can benefit from. You can also read our blog on a list of Banking courses if you want to pursue a career in this field. 


Below is a year-by-year syllabus for the MBA Banking and Finance programme. Different colleges may have different course offerings.

Principles of Management and Organizational BehaviorFinancial Institutions and Services
Managerial EconomicsManagement Control Systems
Accounting and Finance for ManagersBanking and Insurance Marketing
Marketing ManagementManagement of Banking and Insurance Companies
Human Resource ManagementCommercial Banking and the Role of RBI
Quantitative Techniques for ManagementMutual Fund Management
Research Methods for ManagementMerchant Banking
Corporate CommunicationBusiness Environment and Ethics
Operations ManagementStrategic Management

Also Read: Certification Courses for MBA Finance Students

Top Colleges in India and Fees

Here are the top colleges and universities in India offering MBA in Banking and Finance:

CollegeFee Structure
Xavier Institute of Management (XIMB)Rs 12.55 Lakhs
SIBM PuneRs 13.8 Lakhs
IIM LucknowRs 19 Lakhs
IIM CalcuttaRs 23 Lakhs
IIM BangaloreRs 23 Lakhs
Alliance School of Business, BangaloreRs 13.50 Lakhs
MIT-WPU PuneRs 3.50 Lakhs per year
Chitkara UniversityRs 2.63 Lakhs per year
Sharda UniversityRs 2.60 Lakhs per year
Symbiosis School of Banking and FinanceRs 6.40 Lakhs per year

Universities Abroad

To make the job easier for you, we have curated a list of MBA colleges offering an MBA in Banking and Finance as well as allied courses in the discipline of global banking, money and so forth. They have been arranged according to the latest Times Higher Education World University Rankings 2021 and show the relevant degree programs. As common eligibility criteria, a considerable number of universities may also require applicants to possess a few years of industry experience in entry to mid-level roles in order to delve straight into more advanced topics as well as to develop a more practical outlook. 

Name of UniversityTHE World Rankings 2021Course
University of Toronto, Canada#18MBA Investment banking (Major)
University of Wisconsin-Madison, USA#49MBA Business: Finance, Investment & Banking
Monash University, Australia=64Master of Banking & Finance
University of Glasgow, UK=921. MSc Economics, Banking & Finance
2. MSc Investment Banking & Finance
Queen Mary University of London, UK#1101. MSc Banking & Finance
2. MSc Investment Banking
University of Birmingham, UK=1071. MBA Global Banking & Finance
2. MSc International Money & Banking
3. MSc Money Banking & Finance [Integrated Pre-Masters]
University of Sussex, UK#160MSc Banking & Finance
EU Business School, SpainMBA Global Banking & Finance 

Related Articles: Courses after MBA Finance

Jobs and Salary

By completing an MBA in Banking and Finance, you can explore a wide range of opportunities across the public and private sectors. MBA graduates in Finance and Banking can explore jobs in investment, finance, banking, marketing and managerial profiles. Here are the most popular jobs after MBA in Banking and Finance:

Business Analyst$82K£44KC$67K7 LPA
Financial Manager$214K£44KC$79K4 LPA
Equity Research Analyst$137K£67KC$69K7.25 LPA
Investment Banker$80K£60KC$70K13 LPA
Marketing Analyst$59K£37KC$51K4.49 LPA
Research Analyst$58K£34KC$52K3.94 LPA

Read more: Scope of MBA in Finance

Future Scope

An industry with many growth opportunities in finance and banking. Numerous career opportunities in the banking and corporate sectors are made available by pursuing an MBA in Banking and Finance in India. Banks provide graduates with lucrative salary packages in addition to job security. Banks provide graduates with lucrative salary packages in addition to job security.

Numerous other job opportunities are made possible by the experience they have gained working in the banking industry. There are numerous job opportunities for chartered accountants both in India and abroad. These experts can also look for work in a variety of industries, including the public and private sectors, consultancies, public accounting firms, corporations, budget planning, and market research.


What is MBA in banking and finance?

A two-year postgraduate programme called the MBA (Banking & Finance) is comprehensive and all-encompassing in nature and designed to meet the needs of the sector. A paradigm shift in the Indian financial sector necessitates the hiring of qualified professionals.

Which MBA is best for banking?

If one is interested in working for a bank, the MBA Finance and MBA Marketing or PGDM is the highly recommended course.

What is the salary for an MBA in banking and finance?

The average annual salary for MBA Finance freshers in India is 2.4 Lakhs, with salaries ranging from 0.2 Lakhs to 22.0 Lakhs. Salary projections are based on 289 fresh MBA Finance graduates’ most recent salaries.

If you wish to pursue an MBA in Banking and Finance course or other allied courses but feel daunted by the application process, don’t fret. Take assistance from the study abroad consultants at Leverage Edu who will not only help in completing the admission-related formalities but will also help you write an impeccable statement of purpose to study abroad

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  1. Want to enquire more about MBA in banking and finance program for 12 months along with the fee structure please?

    1. Hi Zainab,

      To know more about MBA in Banking and Finance programs with fee structure, eligibility, top universities abroad, connect to our experts at 1800-572-000 and get complete guidance!

  1. Want to enquire more about MBA in banking and finance program for 12 months along with the fee structure please?

    1. Hi Zainab,

      To know more about MBA in Banking and Finance programs with fee structure, eligibility, top universities abroad, connect to our experts at 1800-572-000 and get complete guidance!