Banking and Financial Management is a promising career for candidates. The field deals with how to check accounts, money exchange, keeping the money for savings, and issuing loans and credits. There are two courses offered in Banking and Finance Management. One is the Diploma in Banking and Finance Management which is a 1year course and the Another one is MBA(Master in Business Administration) in Banking Finance Management which is a 2year course.
Top Colleges:
Now the Banking and Finance sector has become a very demanding course. Many topmost colleges are offering this course. They are providing both MBA and Diploma courses. Students are preferring the better colleges where the placement is easy. Some of the top colleges are tabulated below.
- IIM: IIM offers an Executive Program for Banking and Financial Sector. This course is offered at IIM Calcutta and this is a yearlong course. For applying to the course, a candidate must have worked a minimum of three years. Other candidates may submit SOP for consideration. One needs to be currently working. The candidate must also have passed their Bachelors with 50 percent marks. The fees for the course is 2,64,000/- + (applicable taxes).
- ICFAI Business School: The institute was started in 1984 to provide world class education to the students in India. The institute offers MBA and MBA for working professionals. They also offer a three years full-time BBA course for the students. They enroll students for the various courses after checking their scores in exams like CAT, IBSAT, GMAT and NMAT.
- Symbiosis University of Applied Science: The institution offers MBA in Banking, Financial Services, and Insurance. This is a full time two years course. The course fees are Rs 11.40. One needs to score 50 percent in their graduation to apply for this MBA course. They also offer BBA in banking, Financial Services, and Insurance. The course is a full time course of three years. The course fees are Rs 7.35 lakh.
- School of Insurance Studies, National Law University: The institute offers MBA in Banking, Finance and Insurance. This is a two years full time course. One needs to have passed entrance exams like XAT, CAT, GMAT as those scores are also considered while enrolling students.
- Amity School of Insurance, Banking and Actuarial Science, Noida: The institute offers MBA in Banking and Insurance for the candidates. To be eligible for the course, one will have to submit their graduation marks along with the scores received in CAT, XAT, MAT and so on.
- Ambedkar Institute of Management Studies (AIMS): The institute offers Diploma in Financial Management to the candidates. This is a one year course. The minimum eligibility is passing the class 12 board exams. However admission to the course will depend on the result of the entrance exam and counseling.
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Sharda University: Sarada University is situated in Noida, Delhi. It is a leading educational Institute that provides high quality education. The University offers Engineering, Management and Medical course.
Highlights:
Top colleges in India are offering Diploma and MBA Courses in Banking and Finance Management. The Course level, fees, duration, placement areas other important things are fully described in the below-mentioned table.
| Courses Offered | MBA and Diploma in Banking and Finance Management |
|---|---|
| Duration | 1-year foe Diploma and 2-year for MBA |
| Average Course fees | 10.000 - 40.000 for Diploma And 20.000- 5lacs for MBA |
| Average Annual Starting Salary | 3lacs to 7lacs |
|
Admission Process |
Merit-based or Entrance-based |
| Top Entrances | CAT, MAT, GMAT,XAT |
|
Top recruiting organizations |
ICICI, YES Bank, State Banks, Indian Bank, Harman, HCL, Newgen, LAVA, Bajaj Allianz |
|
Top recruiting areas |
Private Banks, Government Banks, Finance Departments in Industries, Educational Institutes, Banking Sectors, Stock Exchanges etc |
|
Top job profiles |
Corporate Analyst, Executive Assistant, Marketing Analyst, Business Analyst, Finance Manager, Equity Research Analyst, Investment Banker etc |
Eligibility:
Before applying for this course, the candidates should check the Eligibility criteria and the top entrances conducted for this course. The details are given below.
|
Course |
Duration |
Eligibility |
Entrance |
|---|---|---|---|
| MBA in Banking and Finance | 2 years |
|
|
| Diploma in Banking and Finance | 1 year |
|
|
Top Recruiters:
As India is becoming Financially Strong day by day, banking and finance management has now emerged as a top Course. Students are more interested in this sector. After the completion of this course, students are placed in the Banking and Finance Sectors. Some of the top recruiters are mentioned below.
- ICICI
- YES Bank
- State Banks
- Indian Bank
- Harman
- HCL
- Newgen
- LAVA
- Bajaj Allianz
Admission Process:
The admission process generally varies across the colleges. The admission process for the students is based on the performance in the relevant entrance examination. There are institutes where there is direct admission which is based on the candidate's performance at the last qualifying exam.
For the Bachelor's courses in Banking and Financial Management like B.Com and BBA, the candidate must have passed their class 12 board exam. On the basis of the scores of their board exams, they are selected for the course. Some colleges even conduct exams to test the merit of the students. However, there are undergraduate colleges that also want the entrance exam results for enrolling the students to BBA courses.
For the MBA and PGDM courses, one will have to sit for the different entrance exams like MAT, CAT, GMAT, XAT and these scores will determine the college or university where the student will get the chance to study the financial course.
Syllabus Course:
The syllabus Diploma in Banking and Finance Management and MBA in Finance Management are different. The diploma is a 1year course and the course is divided into 2 syllabus. While MBA is a 2year course and the courses studied year wise. Here is mentioned the detailed syllabus for both Diploma and MBA.
Syllabus For Diploma:
| SEMESTER-I | SEMESTER-II |
| Principles and Practices of Banking | Marketing of Financial Service |
| Legal and Regulatory Aspects of Banking | Business Law |
| Accounting and Finance for Bankers | Taxation- Direct and Indirect |
| Business Economics | Retail Banking |
| Corporate and Social Responsibility | Information System For Managers |
| Organizational Behaviour | Business Communication and Etiquette |
Syllabus For MBA
| SEMESTER-I | SEMESTER-II |
| Principles of Management and Organisational Behavior | Financial Institutions and Services |
| Managerial Economics | Management Control Systems |
| Accounting And Finance for Managers | Banking and Insurance Marketing |
| Marketing Management | Management of Banking and Insurance Companies |
| Human Resource Management | Commercial Banking and the Role of RBI |
| Quantitative Techniques for Management | Mutual Fund Management. |
| Research Method for Management | Merchant Banking |
| Corporate Communication | Business Environment and Ethics |
| Operations Management | Strategic Management. |
Skills Required:
There are a number of job profiles in the Banking sector. A candidate should have some skills to become a Banker or to do jobs in any financial sector. Some of the required skills are mentioned below.
- Communication Skills
- Analytical Skills
- Risk management skills
- Stress Management Skills
- Interpersonal Skills
- Logical Skills
- Time Management Skills.
- Technical Skills
- Ability to Innovate
Top Entrances:
Admission to a Diploma course in this field is generally done on a merit basis except for some reputed colleges. But for MBA course various Entrance examinations are conducted. Some of the top entrances for the course study of Banking and Financial Management are mentioned here:
- CAT: The Common Admission Test is taken by the students for getting admitted to a graduate management program in a college or university. This is a computer-based test. Iimcat.ac.in
- MAT: Management Aptitude Test or MAT is a standard aptitude test that is conducted to enroll students to MBA and other related programs. About 600 business schools in India use the results of the program to enroll students.mat.aima.in
- GMAT: Also known as the Graduate Management Aptitude Test, this exam is conducted for enrolling students to the management programs at the Bachelors's level. This is a computer adaptive test.
- JEMAT: Joint Entrance Management Aptitude Test is an exam conducted by MAKAUT on behalf of Government of West Bengal. The exam is conducted for admitting students to MBA and PGDM courses in different private and government MBA colleges in West Bengal. makautwb.ac.in
- XAT: The Xavier Aptitude Test is a National level entrance exam conducted for enrolling students to MBA and PGDM programs. This is conducted by XLRI, Jamshedpur. Other than XLRI, 700 business schools accept XAT scores for admitting MBA students. xatonline.in
Career and Job Prospects:
A career in Banking and Financial Management is nowadays Very demanding. After the completion of this course, the students are placed in various Banking and Financial sector as Finance Manager, Accounts Manager, Investment Assistant Executive Assistant with a paid Salary. The details are given below.
|
Job Position |
Job Description |
Average Annual Salary |
|---|---|---|
| Financial Manager |
|
4 to 7 Lacs/- |
| Accounts Assistant |
|
1 to 3 Lacs/- |
| Investment Assistant | Provide banking information, financial information and recommendations derived from global investment data to stockbrokers, managers and stock | 5 to 6 Lacs/- |
| Market Analyst |
|
5 to 6 Lacs/- |
FAQs:
Q: Which is the good college to pursue UG & PG in Banking and Financial Management?
A: Some of the best colleges are,
- IIM
- ICFAI Business School
- Symbiosis University of Applied Science
- SRM Institute of Science and Technology, Kattankulathur
Check the “Top Colleges” section to know more.
Q: What is the minimum qualification required to pursue a career in Banking and Financial Management?
A: A qualification in 10+2 is a must for the candidates pursuing Banking and Financial Management. For more detailed information check the eligibility criteria above.
Q: In Which sector the students are Placed?
A: After the completion of this course the students are placed in the fields like Banking, Finance, Stock Exchange, and Educational Institutions.
Q: What are the Top Recruiters for this Course?
A: The Top recruiters for this course are ICICI Bank, Govt Banks, HDFC Bank, HCL, YES Bank, BSE(Bombay Stock Exchange), college and Universities etc.
