MBA In Banking and Finance

MBA in Banking and Finance or the specialization in the popular MBA degree is a 1 to 2-year full-time program. Various universities across the globe offer the course, and we will discuss the top ones and more in this article.

MBA In Banking And Finance: Course Highlights

Throughout this article, you will gain the know-how to apply for an MBA in Banking and Finance overseas in your chosen country.

What is an MBA in Banking and Finance?

Banking and Finance is one of the popular specializations in MBA. The course equips students to become prospective banking or finance professionals. The students will master regular MBA concepts, and banking and finance skills to unlock diverse prospects with various lucrative jobs.

Top Colleges for MBA In Banking And Finance

Among the best colleges for MBA in Banking and Finance, MIT is the top-ranked university worldwide, according to the QS World University Rankings. There are various other universities which provide students with great opportunities.

MBA in Banking And Finance: Syllabus

There is a rigorous syllabus for the MBA in Banking and Finance overseas. We have listed the subjects below, but this list may vary from one university to another. Topics may also change from country to country. There are various elements of the course that students must learn.

• Principles of Management and Organizational Behavior.
• Managerial Economics.
• Accounting and Finance for Managers.
• Marketing Management.
• Human Resource Management.
• Quantitative Techniques for Management.
• Research Methods for Management.
• Corporate Communication.
• Operations Management.
• Financial Institutions and Services.
• Management Control Systems.
• Banking and Insurance Marketing.
• Management of Banking and Insurance Companies.
• Mutual Fund Management.
• Merchant Banking.
• Business Environment and Ethics.
• Strategic Management. 

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Cost of Studying MBA In Banking And Finance

If you wish to pursue an MBA in Banking and Finance overseas, you will incur various expenses. These amounts typically include your tuition fees and cost of living, for which we recommend a budget of around 5000000 INR for the top universities.

Eligibility Criteria for MBA In Banking And Finance

Candidates wishing to apply to an MBA in Banking and Finance program must fulfil the eligibility criteria for the course. The minimum criteria for enrollment in universities are set by country first and then vary from university to university, so there is no fixed bar. However, you should still be aware of the general qualification criteria for MBA in Banking and Finance.

• Since banking and Finance is an MBA specialization, you typically need GMAT or GRE scores as set by your university. However, some universities also select students based on work experience alone.
• You need at least IELTS 6.5 or equivalent to prove your English proficiency.
• Usually, for any MBA degree abroad, 2 to 3 years of work experience is recommended.
• The most important qualifications for an MBA abroad are high school (10 + 2 for Indian students) and a bachelor's degree in business, such as BBA with at least 60% cutoff or equivalent GPA. 

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Exams Required for MBA In Banking And Finance

Along with fulfilling all the other eligibility criteria for an MBA in Banking and Finance degree, you must primarily focus on the GMAT and IELTS or equivalent requirements. The universities individually set these scores, & the students must adhere to these requirements.

Scholarships to Study MBA In Banking And Finance

An MBA in Banking and Finance is an expensive course but is worth the amount as the quality of education you get will earn you a lucrative career. Furthermore, for your financial aid, you can obtain a scholarship.

MBA In Banking And Finance: Jobs & Salary

Many employment opportunities with lucrative salaries are available for MBA in Banking and Finance graduates. In addition, they can pursue a PhD in the same field for an even better career.

How to Study for an MBA In Banking And Finance?

After reading through this article, if you are interested in applying for an MBA in Banking and Finance overseas, this section is for you. This step-by-step and easy-to-follow indicative guide will explain the admission procedure.

Step 1: Research and pick a nation and university offering an MBA in Banking and Finance qualification per your requirements and career goals.

Step 2: Visit authentic sources such as course pages, university websites, and study abroad experts for the eligibility criteria details. You must ensure that you are meeting these requirements before proceeding to step 3.

Step 3: Gather and attest these credentials.

• Proof of funds.
• At least 2-3 LORs.
• Your SOP.
• Your evidence of English language proficiency (IELTS, PTE, TOEFL, or equivalent scores).
• Your academic transcripts.
• A copy of your valid passport.
• GMAT scores for MBA, some universities may ask for GRE instead.
• Your graduate degree or equivalent qualification.

Step 4: Visit your selected university or college's official website and follow these steps.

• Find the course page for your preferred MBA in Banking and Finance.
• Once you are sure that you have found the right page, click on apply now.
• The next phase is to fill out an application form.
• Attach all the required documents we gathered in step 3.

Step 5: If asked, you will need to pay an online application fee. Please note that it is non-refundable.

Step 6: All you must do now is to apply for a Student Visa once your desired university selects you and you get a Confirmation of Acceptance letter on your provided email address.

Step 7: Done. 

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