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