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 behavioral 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, its 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.
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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 mold the degree according to their interests. Common topics of specializations 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.
Related Articles: Banking Courses after Graduation
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.
- MBA in Finance
- MBA in Banking
- MBA in Foreign Trade
- BBA – Bachelor of Business Administration
- BMS Course – Bachelor of Management Studies
- BBA MBA Integrated Course
- BBA in Business Finance
- Diploma in Banking and Finance
Top Colleges in India
Here are the top colleges and universities in India offering MBA in Banking and Finance:
- Sharda University
- Alliance School of Business
- Maharishi University of Information Technology
- Symbiosis School of Business and Finance
- Jayoti Vidyapeeth Women’s University
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 University||THE World Rankings 2021||Course|
|University of Toronto, Canada||#18||MBA Investment banking (Major)|
|University of Wisconsin-Madison, USA||#49||MBA Business: Finance, Investment & Banking|
|Monash University, Australia||=64||Master of Banking & Finance|
|University of Glasgow, UK||=92||1. MSc Economics, Banking & Finance
2. MSc Investment Banking & Finance
|Queen Mary University of London, UK||#110||1. MSc Banking & Finance
2. MSc Investment Banking
|University of Birmingham, UK||=107||1. MBA Global Banking & Finance
2. MSc International Money & Banking
3. MSc Money Banking & Finance [Integrated Pre-Masters]
|University of Sussex, UK||#160||MSc Banking & Finance|
|EU Business School, Spain||–||MBA Global Banking & Finance|
To apply for MBA in Banking and Finance at a top business school or university in India, you will be needed to submit scores of GMAT/CAT/MAT/XAT/JMET, etc. Apart from this, the colleges and universities in India generally evaluate candidates on their academic record as well as admission essays.
Universities abroad use a streamlined approach towards MBA application with intakes conducted in two cycles, Fall and Winter, the deadlines of which are mid-December to early February. Furthermore, the requirements of the application may change according to the study abroad destination such as the United States, home of the Ivy League Colleges, UK’s royal institutions and business schools across Europe and Australia. Typically, this includes submission of GRE/GMAT or IELTS/TOEFL scores, as applicable, along with copies of official transcripts, CV, Statement of Purpose (SOP for MBA), Letters of Recommendation (LOR), and/or a scholarship essay. Read our blog on MBA admissions if you plan to apply any time soon.
Related Articles: Courses after MBA Finance
MBA in Banking and Finance salary in India
Completing an MBA in Banking and Finance, you can explore a wide range of opportunities across the public and private sector. 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 – ₹7.0 LPA
- Financial Manager – ₹4.0 LPA
- Equity Research Analyst – ₹ 7.25 LPA
- Investment Banker – ₹ 13 LPA
- Marketing Analyst – ₹ 4.49 LPA
- Research Analyst – ₹ 3.94 LPA
Read more: Scope of MBA in Finance
MBA in Banking and Finance salary abroad
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 experts 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.