MBA in Banking

One of the popularly chosen professional careers, Banking is a field which is dynamic nature and demands individuals with a knack for financial management as well as numeracy skills along with varied abilities like organisational and time management and analytical capabilities. Further, owing to the popularity of a degree like MBA, there are plentiful specializations on offer that can help management students in setting their focus on a particular area of study and build their career in the same. One such specialized program is MBA in Banking which aims to impart students with the knowledge of risk management, investment banking, treasury operations and many other subjects. Through this blog, we will take a look at what an MBA degree in Banking entails, the eligibility criteria you need to fulfil as well as the major institutions you can pursue it from.

Also Read: List of Banking Courses 

Course Overview

An MBA in Banking is generally a two-year program and incorporates a course curriculum encompassing over core concepts of Banking Management, Finance as well as Accounting. It is usually pursued as a full-time program and can have variants like an MBA or an MSc in Banking and Finance. Further, the degree covers varied subjects such as basic fundamentals of finance and technology-based transaction management as well as equip students with the knowledge of advanced-level financial strategies and management skills. 

Though the subjects covered during an MBA in Banking may vary from course to course and university to university, we have listed below some of the major topics that you might get to study: 

Semesters in MBA in Banking	Subjects
Semester I	Accounting for Management Marketing Management Management process and Organizational Behavior Economic Analysis  Quantitative techniques in Management Financial Environment Basics of Communication Self Development and Interpersonal Skills Information Technology for Managers
Semester II	Human Resource Management Operations Management General Banking Operations Business Research Methods Knowledge Management Financial Management Corporate Communications General Banking Operations Legal and Regulatory Aspects of Banking Behavioural Communication and Relationship Management
Semester III	Management of Financial Services Retail Asset and Rural Banking International Financial Management International Banking Security Analysis and Portfolio Management Project Planning Leading Through Teams Interpersonal Communication Strategic Management Project Planning Appraisal and Control
Semester IV	Risk Management in Banking Customer Relationship Management in Banking Financial Engineering Bank Accounting and Audit Financial Engineering Treasury Banking Management of Financial Institution Dissertation Corporate Planning Tax Managerial Competency and Career Development Cross-Cultural Communication

MBA in Banking: Major Prerequisites

Before opting for a degree, it is important to know its varied essentials so that you will have an idea what you outgrowth you can expect from it. Below we have listed down some of the major prerequisites for an MBA in Banking:

• Candidates should possess sound knowledge of the banking system of the country. For the same, an undergraduate degree in Banking or Finance-related field is preferred. 
• Students from an Accounting or Finance-related backgrounds with proficient mathematical aptitude can also opt for this course.
• For pursuing an MBA in Banking, you should be aware of the core concepts of Financial and Banking Management which will further assist you in grasping the advanced curriculum of this degree.

Eligibility Criteria   

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Students aspiring to get admission in a degree like MBA in Banking must have attained minimal 10+2 schooling. Along with this candidates must have a graduate degree in any finance-related field from a recognized university. To acquire overseas education for this degree, students have to compulsorily quality GMAT exam along with any of the English language proficiency tests like IELTS, TOEFL and PTE. 

Also Read: How To Pick the Right MBA Specialization

MBA in Banking: Top Business Schools

There are numerous institutions across the globe that offers MBA in Banking courses and its variants. Below, we have mentioned some of the best institutes and universities that renowned for their MBA degrees in the field of Banking and Finance:

• Massachusetts Institute of Technology
• London Business School
• IE University 
• SDA Bocconi School of Management 
• University of California 
• HEC Paris 
• Roman Llull University 
• University of Oxford
• Imperial College London
• University of St. Gallen 
• Stanford University 
• University of Cambridge
• University of Chicago
• Northwestern University 
• New York University 
• University of Pennsylvania 

Thus, we hope that this blog has helped you understand the key essentials of an MBA in Banking. If you are planning to pursue an MBA degree and don’t know which specialization to opt for, our Leverage Edu experts can guide you in finding the right course that aligns with your interests and aspirations as well as lend you a helping hand to soar through the nearing January deadline for MBA admission to ensure that you take the right step further towards your dream career in Management.