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.

Program

Postgraduate

Course

MBA in Banking and Finance

Duration of the Course

1 year (based on the top 4 universities)

Eligibility Criteria

{High school (10 + 2 equivelant), 60% recommended}, bachelor’s degree (preferably in business such as BBA),  {IELTS, PTE, or TOEFL (IELTS 6.5 or equivalent recommended)}, and entrance exams such as GMAT or GRE

Entrance Exams

{IELTS, PTE, or TOEFL (IELTS 6.5 or equivalent recommended), and GMAT or GRE 

Tuition Fees

Between 1495101 and 4194476 INR (based on the top 4 universities)

Jobs 

Financial Manager, Investment Assistant, Accounts Assistant, etc

Average Salary

1033333 INR (based on 5 jobs)

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.

S.NO

University Name

Country 

QS World Ranking

1

London Business School

The UK

NA

2

The Massachusetts Institute of Technology (MIT)

The USA

1

3

IE Business School

Spain

NA

4

Bangor University

The UK

Between 601 and 650

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. 

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.

S.NO

University Name

Course

Duration 

Tuition Fees in INR

1

London Business School

Masters in Finance

NA

4194476

2

The Massachusetts Institute of Technology (MIT)

Master of Finance

NA

NA

3

IE Business School

International MBA

1 year

NA

4

Bangor University

MBA in Banking and Finance

1 year

1495101

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. 

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.

Name of the University

Exam Name

Minimum Band Requirement

London Business School

IELTS, GMAT

NA, around 600

The Massachusetts Institute of Technology (MIT)

IELTS, GMAT

7.0, NA

IE Business School

IELTS, GMAT

NA

Bangor University

IELTS, GMAT

7.0 (no band less than 6.5), NA

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.

S.NO

Scholarship Name 

Description

Eligibility

Amount in INR

1

International Scholarship 

The Bangor University in the UK offers this award

NA

Up to 243600

2

IE Scholarship

This scholarship is awarded by the IE Business School

NA

Covers between 10 and 40% tuition expenses

3

iSchoolConnect Scholarship

The London Business School awards this scholarship funded by the iSchoolConnect 

NA

variable

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.

Job Profile 

Salary in INR

Financial Manager

Between 900000 and 1000000

Accounts Assistant

Between 100000 and 300000

Investment Assistant

Between 500000 and 600000

Market Analyst

Between 500000 and 600000

Business Analyst 

Between 500000 and 600000

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. 

Well, that was extensive coverage but we have got more information for you at AECC global. AECC Global is the right place for you to expedite your education endeavours with assistance in all aspects from finding accredited courses, to an ideal destination and a leading institution. The expert counsellors provide guidance and will bring your dreams to life.


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