Colleges | Scope | Courses | Eligibility | Admission
In India, there are 12 public sector banks, 21 private sector banks, 3 local area banks, 12 small finance banks, 6 payment banks, 43 regional rural banks, 42 foreign banks, and 4 financial institutions. (Disclaimer: The data stated above is, by no means, fictitious. The numbers are directly extracted from the official website of the Reserve Bank of India.) Clearly, the Indian banking system is mushrooming, and so is the competition for opportunities within it. To thrive in the competition, education and skills are your only armour. Nothing less than an MBA in banking and finance from distance education can solidify your armour for the battlefield.
A distance MBA in banking and finance is a management course of two years duration. The degree equips you with dynamic knowledge and skillset in banking and financial services with a special focus on business economics, international banking, financial markets, and risk management in banking. It provides a competitive edge, particularly to those seeking a future in the banking sector or those who are already a part of it. It is delivered via distance or online medium of education.
Does your heart skip a beat when someone tells you that she works in a bank? We do not know about you, but what we do know is that it does for every third person. Banking does have that effect on you. You start seeing the person in a completely different light. Be it the stability or prestige, the banking and finance sectors lure so many. It is not for no reason. It has many perks. Naturally, anyone, who is doing an MBA in banking and finance from distance education, will reap very many benefits, some of which are summed up below:
Given below is a raw idea of the eligibility criteria for a distance MBA in Banking and Finance:
Educational organisations have designed a very streamlined admission process for those seeking admission to an MBA degree in banking and finance from a distance learning mode. To kick-start the admission process, a candidate has to first fill out the application form. The application forms are available in online and/or offline formats.
To fill out an online application form, a candidate has to first register through the link given on the official website of the educational organisation. After due registration, the candidate can fill out the form and upload scanned copies of the mandatory documents. Along with the payment of the application fees, the candidate can submit the form.
Likewise, the candidate can either buy the offline form from the office of the educational organisation or download it from its website. The candidate has to fill out the form, attach copies of the necessary documents, and submit it to the authorised address of the university. The documents required for the admission process are:
The concerned university department will verify the documents & shortlist aspirants for enrollment. After making the fee payment, the admission process will be complete and you will be shared access to online study material, online portals and books will be couriered at your place.
The online MBA course in banking and finance is of two years duration and can be extended up to four years if the need arises. The course is divided into four semesters with internships and project work.
Given below is a rough sketch of the syllabus of an MBA degree in banking and finance in distance education:
| SEMESTER-1 | Semester - 2 |
| Management Theory and Practice | Business Communication |
| Organisational Behaviour | Essentials of HRM |
| Business Economics | Business Law |
| Information Systems for Management | Strategic Management |
| Financial Accounting and Analysis | Operations Management |
| Marketing Management | Decision Science |
| SEMESTER-3 | Semester - 4 |
| Commercial Banking System & Role of RBI | International Banking & Foreign Exchange Management |
| Cost & Management Accounting | Treasury Management in Banking |
| Retail Banking | Insurance & Risk Management |
| Corporate Finance | Business: Ethics, Governance & Risk |
| Marketing of Financial Services | Research Methodology |
| Financial Institutions and Markets | Project |
The University Grants Commission (UGC) offers autonomy to recognised educational organisations to frame their own curriculum and academic structure. Therefore, many organisation will differ in terms of the syllabus for their academic programmes. Visit our website for further details.
The first year of the distance MBA programme in finance and banking covers multiple facets of management, while the second year of the programme is dedicated to the banking and financial aspect of management. The key subjects related to banking and finance, that are taught in the second year of the course, are appended below:
Every educational institution charges different fees. The fee for a distance MBA in banking and finance ranges from INR 80,000 to INR 2,00,000 while the average fee is INR 90,000.
Students are facilitated with convenient fees payment options wherein they’re allowed to pay their fees one-time, yearly, semesterly, or with easy monthly instalments. Some institutions also assist in loan applications.
Technology have penetrated its way into every single aspect of our lives. Everything, from what we eat to how we dress, is ruled by technology. It was inevitable for technology to make its way into the arena of education. The result of this technological omnipresence is the rising popularity of distance and online education. Distance and online education are particularly beneficial for working professionals who desire to rise high in their careers.
Online MBA in banking and finance management is one such choice that helps working professionals and students to fly high in their banking careers. It has many benefits, some of which are detailed below:
If a distance MBA in banking and finance adorns your resume, there are exorbitantly lesser chance that any company will deny you a job of your choice. That is the effect that an online MBA in banking and finance has on people. With the suitable acumen and skillset of an online MBA in banking and finance, you can reach great heights.
Let us take a brief look at the diverse job roles that are offered to an MBA graduate in banking and finance:
| JOB ROLE | JOB DESCRIPTION |
| Bank Manager | Responsible for managing the bank. Hires and trains bank staff and ensures that the employees meet the sales target. |
| Budget Analyst | Responsible for determining the budget of an organisation to ensure that resources are optimally utilised and profits are maximised. |
| Investment Banker | Creates a sustainable financial structure for an entity by raising capital from profitable sources. Enables mergers and acquisitions between two or more entities. |
| Credit Manager | Works mainly for financial institutions. Responsible for verifying the credibility of existing and potential customers to avoid the case of bad loans. |
| Portfolio Manager | Makes investment strategies for the clientele and implements them to build a solid financial portfolio. |
| Financial Consultant | Provides financial consultancy to entities with regard to investments and debts, in order to build a better financial structure for the company. |
| JOB ROLE | Average Annual Salary |
| Bank Manager | ₹ 7.2 Lacs |
| Budget Analyst | ₹ 13 Lacs |
| Investment Banker | ₹ 12.5 Lacs |
| Credit Manager | ₹ 7.7 Lacs |
| Portfolio Manager | ₹ 12 Lacs |
| Financial Consultant | ₹ 6.6 Lacs |
To assist you in coming to an informed decision, we provide you with a list of the top colleges that offer MBA degrees in banking and finance in distance education:
| College/ University Name | Course Fees |
| NMIMS Global Acces School for Continuing Education | ₹ 1,68,000 |
| Jain Deemed-To-Be University | ₹ 2,00,000 |
| IMTS Institute | ₹ 80,000 |
| Indira Gandhi National Open University | ₹ 31,000 |
You can check out the fees and other details of these universities on our website.
| Course Name | Distance MBA in Banking and Finance |
| Course Type | Master’s Programme |
| Duration | 2 Years (Minimum) - 4 Years (Maximum) |
| Mode of Learning | ODL Mode (Open and Distance Learning) |
| Fee Structure | Fee varies as per the institute. However, the average fee is INR 90,000 for the complete course. |
| Average Salary Offered | 10 Lacs per annum. However, it varies in accordance with the job role, organisation, place, etc. |
| Employment Roles | Bank Manager, Budget Analyst, Investment Banker, Credit Manager, Portfolio Manager, Financial Consultant |
| Examination Method | Both Online and Offline, depending upon the University. |
The course duration of a distance MBA in banking and finance is two years and can be extended up to the period of four years.
The scope of a distance MBA in banking and finance is vast. With analytical skills and problem-solving acumen, a distance MBA graduate can fetch the job of a bank manager, credit manager, financial consultant, and portfolio manager.
Yes, you can do an MBA degree in banking from a distance mode of education. There are numerous educational organisations that are offering an MBA in banking from a distance as well as an online mode of education.
While public-sector banks do not require an employee to have a distance MBA in banking and finance, the degree can provide a competitive edge to you in the private-sector bank market.
The salary of a distance MBA graduate in banking varies from one job role to another. The average salary for a distance MBA in banking is 10 lacs per annum and it can range from 6 lacs to 13 lacs per annum.
No, an MBA in banking and finance is not difficult. While the first year focuses on the study of the basics of management, the second year puts emphasis on the key subjects of banking and finance.
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