Distance MBA in Banking and Finance - Careers, Salary, Jobs, Scope

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MBA in Banking and Finance- Distance Education

Brief summary

Course Name Distance MBA in Banking and Finance
Duration 1 year- 2 years
Level- Degree/Diploma Degree (MBA) and Diploma (PGDM)
Type Distance Education
Eligibility Graduation from a recognised university
Fee Rs 40,000- Rs 1,50,000
Approved By UGC-DEB
Admission Process Online/ Offline
Top Recruiting areas Quantitative Research, Banking Compliance, FMCG, Financial Crime, Market Risk, Credit Risk, Operational Risk, Banking Operations

All about MBA in Banking and Finance

The credit rating agency ICRA had estimated that in the fiscal year 2017-2018, the credit growth in India’s banking sector would reach around 7-8%.

Quick facts about the Indian Banking system-

Public sector banks 27
Private sector banks 26
Foreign banks 46
Regional rural banks 56
Urban co-operative banks 1574
Rural co-operative banks 93919

A recent report from the Centre for Digital Financial Inclusion (CDFI), states that the retail sector in India has immense potential of switching over to digital modes of payment. To carry these changes management professionals with strong analytical and decision-making skills are required which an MBA in Banking and Finance can step in.

Students pursuing this course are exposed to an in-depth knowledge of modern Economics, asset and liability management, financial markets and institutions and how they operate in the contemporary world.

The most important outcome of the course is the ability to make sound financial decisions based on which the economy shall either bloom or fade away.

Popular Colleges offering Distance MBA in Banking & Finance

The following table contains a list of top institutes offering Distance MBA in Banking & Finance in distance mode-

Course name College offering the course Duration of the course Course approved by
PGDBA(Post Graduate Diploma in Banking and Finance) Symbiosis Centre for Distance Learning 2 years AICTE
MBA-Financial Management IGNOU 2.5 years UGC
PGDM-Finance Institute of Management Technology Ghaziabad 2 years UGC
PGDBA-Finance MIT-School of Distance Education 2 years UGC and DEB
PGDBFM- Post Graduate Diploma in Banking and Finance Management Narsee Monjee Institute of Management Studies (NMIMS) 2 years UGC
MBA in Finance Sikkim Manipal University 2 years UGC
MBA in Banking Singhania University 2 years UGC
MBA in Finance Singhania University 2 years UGC

MBA in Banking & Finance Salaries

Salaries offered to professionals holding managerial designations in the banking and finance sector-

Designation Salary Range in Indian Rupees (INR)
Financial Analyst 2.1 lacs – 9.5 lacs per annum
Business Analyst 3.5 lacs – 13 lacs per annum
Finance Manager 3 lacs – 18 lacs per annum
Senior Financial Analyst 3.2 lacs – 12 lacs per annum
Research Analyst 1.8 lacs – 10 lacs per annum

Listed below are average minimum and maximum salaries received by some Banking and Finance professionals-

Designation Minimum salary received per year in Indian Rupees INR Maximum salary received per year in Indian Rupees INR
Claims Executive 1,75,000 2,25,000
Relationship Executive 2,00,000 3,00,000
Equity Manager 2,75,000 3,25,000
Credit Manager 2,25,000 3,00,000
Branch Manager 3,50,000 5,00,000
Credit Analyst 2,00,000 3,00,000

Recruiters

Top areas or sectors which recruit Banking and Finance professionals-

  • Quantitative Research
  • Banking Compliance
  • FMCG
  • Financial Crime
  • Market Risk
  • Credit Risk
  • Operational Risk
  • Banking Operations
  • Banking Accounting
  • Internal Audit
  • Telecom
  • Insurance
  • Production Valuation
  • Investment Risk

Top recruiters in the Banking and Finance sector-

Avendus Franklin Templeton Price Waterhouse Coopers
CRISIL Indiabulls ICICI Bank
HDFC Bank IDFC Bank State Bank of India
Axis Securities Deloitte McKinsey and Company
Abbott Indian Oil Corporation Maruti Suzuki
Crompton Greaves Raymond Tata Motors
Nestle Hindustan Unilever Reliance Industries x

Major job prospects / designations for those who graduate with an MBA in Banking and Finance-

  • Credit Analyst
  • Financial Analyst
  • Business Analyst
  • Research Analyst
  • Senior Financial Analyst
  • Branch Manager
  • Finance Manager
  • Credit Manager
  • Equity Manager
  • Forex Operations Manager

Distance MBA in Banking Fee structure

Fee structure of top colleges offering distance mode MBA in Banking and Finance

Name of the institute Total Course Fee in Indian Rupees INR Installment options
Symbiosis Centre for Distance Learning 40,000 Available
Indira Gandhi National Open University(IGNOU) 31,500 Available
Institute of Management Technology Ghaziabad(IMT) 1,10,000 Available
MIT- School of Distance Education 59.000 Available
Narsee Monjee Institute of Management Studies (NMIMS) 76,000 Available
Sikkim Manipal University 73,000 Available
Singhania University 80,000 Available
Singhania University 80,000 Available

Syllabus

An overview of the basic course structure/syllabus of MBA in Banking and Finance-

  • Principles and practices of Management
  • Management Accounting
  • Managerial Economics
  • Indian Banking and Financial System
  • Marketing and Banking services
  • Banking Regulations and laws
  • Financial Institutions and markets
  • Global Banking and Finance
  • Financial Management
  • Capital Market
  • MIS and Technology on Banking
  • Project and Infrastructure Financing
  • Micro Finance
  • Risk Management
  • Rural and Co-operative Banking
  • Accounting systems and Financial Analysis
  • Bank lending policies and procedures
  • Security Analysis and Portfolio Management
  • Macro Economics

Requirements for Distance MBA in Banking & Finance

Most of the institutes in India offer this course to those who are graduates in any discipline from any recognized university.

But institutes like IGNOU require the following criteria to be met for admission-

  • Graduate from recognized University
  • Cleared the CAIIB by IIBF, Mumbai
  • Should have at least 2 years of prior experience in the banking industry

Scope after Distance MBA in Banking and Finance

According to a KPMG-CII report, India has the potential of becoming the 5th largest banking system in the world by as early as 2020 and the 3rd largest banking system in the world by 2025.

Also insurable population is expected to reach 750 million by 2020 which indicates that the insurance sector shall capture about 35% of the total savings of the people by 2020.

With the banking and finance sector in India progressing by leaps and bounds in each financial year and with the advent of new technology and financial tools in this sector, there is an urgent need for qualified individuals who can lead the economy and make India a global leader.

The requirements can only be made possible through this tailor made course of MBA in Banking and Finance offered by leading Indian institutes. Moreover lucrative pay packages offered in this field is also an added advantage.

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