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MBA Banking & Finance Distance Education

Colleges | Scope | Courses | Eligibility | Admission

What is a distance MBA in Banking and Finance?

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.

Why Pursue Distance MBA in Banking & Finance?

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:

  1. Higher Pay Checks: If you are doing an MBA in banking and finance from distance education, you are probably doing it either to be eloquent in financial geek-speak or work in the banking and the financial sectors. If the latter is the case, then a lucrative salary is waiting down the line for you along with substantial allowances or perks. Also, as your experience and skills evolve, the paycheck will go bigger, for sure. 

  2. Job Stability: When looking for long-term stability in terms of career, banking is the star profession. That is also the exact reason why Indian parents are sometimes so adamant about wanting their kids to enter a bank. After the financial crises of 2008 and the recent pandemic, the job market has become more volatile. In such times, job security is the only thing that one needs and the banking and financial sector caters to that need if and only if you have the right acumen for that. An online MBA in banking and finance delivers that to you. 

  3. Diverse Job Roles: With a distance MBA in banking and finance, you will have an integrated knowledge of banking and finance. With such acuity, you can smoothly enter the banking and finance sectors, and acquire diverse job roles like Financial Analyst, Accounts Assistant, Marketing Analyst, Cashier/ Teller, Equity Research Analyst and many more that yield you handsome packages. If you are a working professional, an MBA in banking and finance can arm you with broad knowledge to switch to a better job role and position. 

  4. Easy Switch to Other Industries: What does an MBA degree do to people? Not only bigger paychecks and social recognition, but also mind-blowing analytical skills and a strategic perspective to solve problems. This is obviously true for an online MBA degree in banking and finance which offers a worldwide view of the banking industry along with its other offerings. A person with all these skills is absolutely a desirable choice for not only the banking and the finance industry, but also other industries.

Eligibility Criteria for a Distance MBA in Banking & Finance

Given below is a raw idea of the eligibility criteria for a distance MBA in Banking and Finance:

  1. Bachelor’s: Educational organisations specify that they need a bachelor’s degree in any field with a minimum of 50 percent marks or any equivalent degree from a recognised university. Some organisations may state that the bachelor’s degree must be in business administration or banking.

  2. Entrance Exams: For admission to an MBA degree in banking and finance from distance education, educational organisations do not require entrance exams in general. And so a bachelor’s degree with a certain number of years of work experience will suffice to get enrolled.  A few organisations make it mandatory that a candidate must have acquired a minimum score in the entrance examinations for MBA such as CAT, MAT, XAT, GMAT, CMAT, etc. Also, an organisation may conduct entrance exams for those candidates who have not appeared in any of the tests mentioned above.

  3. Work Experience: Renowned educational institutions may state that the candidates need to have stipulated work experience. But if the candidates have scored over 50% marks in graduation, the requirement of work experience is cancelled.

Admission Process in Distance MBA in Banking & 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:

  • Academics documents
  • Government ID proof
  • Work experience 
  • Passport size photographs

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.

Syllabus & Subjects for Online MBA in Banking & Finance 2023

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:

  1. Retail Banking: Retail Banking subject teaches a student about the form of banking that directly deals with customers and meet their banking requirement. It involves learning about the development of banking products, credit scoring, debit/credit cards, etc. 

  2. Foreign Exchange Management: This course dives into the intricate workings of the foreign exchange market. The course also discusses the foreign exchange management act that elucidates the regulations for the same.

  3. Financial Services: The subject of Financial Services is a multi-disciplinary course that discusses the variety of financial services and/or investments that are offered. Financial services include banking, mutual funds, wealth management, insurance, stock market, and tax auditing, to name a few. 

  4. International Banking: The subject of international banking provides a deep understanding of the broad banking network across the world. It puts emphasis on the study of global financial markets, corporate banking, trade finance, cash management, etc.

Fee Structure for Distance MBA in Banking and Finance 2023

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.

Benefits of Distance Banking and Finance Management

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:

  1. Learn Anytime, Anywhere: If you are a night owl and waking up early for classes is not your cup of tea, then a distance MBA in banking and financial management is for you. A course, where you can get lost in the labyrinthine of the banking sector while lying in your comfy beds. Also, if you are someone loaded with work and desire to upskill, then a distance MBA in banking and financial management will help you. 

  2. Low Costs: For very obvious reasons, distance MBA programmes are reasonable in cost terms when compared to regular education. The programmes save up a lot on transportation and/or relocation costs. Not just that, you do not have to give up your salary. You are saving a lot of money, aren’t you?

  3. Better Pedagogy: Technological innovations have brought creative evolution in pedagogy and made distance education a seamless experience. Audio-video lectures, breakout rooms, a learning management system, and zoom sessions are some of the tools that have transformed pedagogy to meet the requirements of the changing times. With such tools, you can learn better and faster from anywhere, anytime. 

  4. Diverse Network: Through an online MBA in banking and finance, you will get the opportunity to connect with people from the banking and finance sector worldwide. This would have been an implausible situation in the case of a regular mode of education. The more diverse the networking is, the more the learning. 

  5. At Par with Regular: Through its recent notification, the University Grants Commission (UGC) has brought distance and online learning to the same pedestal as mainstream education. This has increased the relevance of distance and online degrees in the current scenario.

Jobs & Salaries of Online MBA in Banking and Finance

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:

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

Top Colleges for Distance MBA in Banking and Finance

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.

Top Distance MBA Colleges in India

Distance MBA in Banking and Finance (FAQs)

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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