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A Master of Business Administration (MBA) in Information Technology (IT) and Fintech is a postgraduate degree focusing on subjects relevant to Information Technology and Fintech. E.g., Financial Management, Digital Innovation and Transformation, Machine Learning in Financial Analysis, etc. The study of IT has been around for quite some time now, and financial technology (fintech) is a relatively new field that encompasses studying new technologies to improve financial operations. You can opt for an MBA in IT and Fintech from any of the recognised institutions that provide the option of taking this course online or on-campus.
The demand for innovative technologies and IT in the financial sector is growing faster than ever, and our systems need to be more efficient, secure and streamlined. Many employers prefer a candidate with an MBA in IT and Fintech for job roles like Business Intelligence analysts, Financial Analysts, Machine Learning Experts, etc. Read the article to learn what to study in an MBA Finance and IT and important MBA finance topics.
The common subjects in the MBA finance and IT course are:
Get to know the complete syllabus of MBA IT and Fintech course
Some of the top MBA in IT and fintech concepts that you must learn during your MBA programme are as follows:
Database management systems
Database Management Systems (DBMS) encompass modern ways of managing data storage requirements. With the advent of technological innovation and the internet, the rate of data generation has increased rapidly, and the data storage requirements have evolved from gigabytes to exabytes. To give you a perspective about it, one exabyte is equivalent to one billion gigabytes.
a database is an organised collection of data stored and accessed electronically. A Database Management System is the software technology used to create and manage these databases. It is also used to organise (retrieve, input, alter, delete, etc.) the data in a database. A few common examples of Database Management Systems are SQL Server, MySQL, Oracle, etc. A DBMS has the following major components:
Technology management
Technology Management is an umbrella term for interdisciplinary fields that enable organisations to manage their technology assets for competitive advantage. Organisations need to recognise the role of technology in all the individual departments and as an entire entity. Organisations should also invest in obtaining new technologies and upgrading existing technologies to improve them. Technology Management heavily depends on the organisation’s comprehension of technical and business skills.
Some of the advantages of investing in technology and technology management are as follows:
Cryptocurrency and blockchain
Cryptocurrency and Blockchain are two of the biggest buzzwords of this decade. Blockchain is a distributed ledger system which is open to everyone. Once the information is recorded in a block, it is challenging to modify it. In other words, a Blockchain can be perceived as a chain of blocks containing data. This technology was created mainly to timestamp digital documents to enhance their security. However, it was not used until 2009, when Satoshi Nakamoto created Cryptocurrency (known as Bitcoin) using blockchain technology.
cryptocurrency is an immutable, globalised, unbreakable and decentralised form of the existing currency system. It is a virtual currency that uses cryptography to work with the creator limiting the supply of cryptocurrencies. Bitcoin was the first cryptocurrency, and since then, several other cryptocurrencies (known as altcoins or alternative coins) have been created. E.g., Ethereum, Solana, Avalanche, etc.
IT strategy and management
IT Strategy (also known as technology strategy or IT technology strategic plan) can be defined as an elaborated plan that discusses how innovative technologies can be used to meet an organisation’s global business and IT objectives. It encompasses all the aspects of technology management, such as cost management, hardware management, software management, human capital management, vendor management and risk management. Planning and implementing an IT strategy in the financial sector requires lots of skills and expertise in the field of IT and Finance, and you can do so by pursuing an online MBA in IT and Fintech.
On the other hand, IT Management encompasses the process of monitoring and administering the IT systems of an organisation. The IT system includes the hardware, software and network systems, and IT Management emphasises how to make these IT systems more efficient. An essential part of the IT Management process is to plan and implement an IT strategy for the organisation.
Some other crucial tasks of an IT manager are:
Enterprise resource planning
Enterprise Resource Planning (abbreviated ERP) is a multidisciplinary software solution that helps organisations to manage the various aspects of their business, such as customer relationship management (CRM), accounting, procurement, etc. It is a business management solution that aims to manage all aspects of a business operation via a centralised database and to enhance the efficiency of business operations via a user-friendly application interface.
Some of the advantages of Enterprise resource planning software are as follows:
Banking and risk management
Risk management is the process of identifying, assessing, monitoring, and mitigating the risks that could affect the global objectives of an organisation. It is also one of the essential MBA finance topics that helps to reduce risks in the banking domain.
Risk management in the banking sector can be defined as developing and implementing a plan to mitigate the risks associated with banking activities. It can be summed up with the following steps:
Some of the risks associated with banking activities are as follows:
Financial markets and services
Financial markets is an umbrella term for any marketplace where people can trade financial products such as stocks, forex, bonds, derivatives, etc. It is an essential part of the MBA finance syllabus. Some common types of financial markets are as follows:
Digital Innovation and transformation
Digital innovation is the implementation of modern digital technologies to resolve critical issues of an organisation. These technologies help the organisation to optimise business operations, improve customer experience, develop new business strategies, etc. Some great examples of digital innovation are Big data, Blockchain, Virtual Reality (VR), Augmented Reality (AR), the Internet of Things (IoT), Artificial Intelligence (AI), etc. Some examples of typical applications of these technologies are as follows:
Digital transformation, on the other hand, can be defined as the application of digital technologies in all business areas of an organisation. It helps to transform your business operations on every level and aims to provide greater value to your customers. It can also act as a cultural change that encourages businesses to promote innovations in their products by continually challenging the status quo, experimenting with new things, and learning from their failures.
Business intelligence and its tools
Business Intelligence (abbreviated as BI) is an umbrella term that consists of technology-driven processes used to analyse an organisation’s business data and gain valuable insights that the organisation can use to make data-driven decisions about its business operations. Some of the most important benefits of implementing business intelligence in your organisation are as follows:
There are plenty of excellent business intelligence tools available online that you can opt for. The most commonly used tools are Microsoft Power BI, Tableau, etc. These tools can handle vast amounts of data and create insightful dashboards to visualise the data to help make data-driven decisions.
Organisations hire professional BI analysts and experts to work with their business data and the BI tool. An MBA in IT and Fintech can teach you about these concepts and help you better understand them to prepare you for a role in the Business Intelligence domain.
As explained in the above section, Fintech is a relatively new field that promotes implementing digital technologies in financial industries to modify and enhance the way traditional financial institutions function.
In the earlier sections, we learned about some of the common products and services resulting from the developments in the Fintech industry. E.g., Digital Payments, Mobile-only (virtual) banks, Cryptocurrencies, etc. Statistically, it is estimated that two-thirds of the world’s adult population can manage to pay or receive a digital payment, with the share in developing economies growing from 35% in 2014 to 57% in 2021. The highest growth was witnessed in developing countries, with percentages of people using digital payment methods rising from 35 percent in 2014 to about 57 percent in 2021. It is just one example of the innovations driven by Fintech. Fintech is continuously transforming the Finance and Banking industry.
Now let us discuss how it is transforming the future of the finance and banking industry:
Also read the guide to get a job in the finance sector
Online Manipal, the online platform by Manipal University Jaipur, offers an online Master of Business Administration degree with IT and Fintech as an elective. Manipal University Jaipur is a NAAC A+ accredited institution and offers UGC recognised courses. MBA in IT and Fintech from Online Manipal is a 2-year programme. The annual fee of this post-graduate course is INR 1,50,000, and you have the option to complete the payments in semester-wise instalments of INR 37,500. You can also choose other MBA electives, such as Human Resources Management (HRM), Marketing, Operations Management, Analytics and Data Science etc., as per your choice and interest.
After completing the MBA degree in IT and Finance, you will receive a course completion degree from Online Manipal that is rated highly by government institutions, private corporations, and startups. The institution offers placement assistance in the form of workshops to improve your CV, cover letter writing skills, and interview tips to land a lucrative job position. It also provides free access to Coursera so that students can learn and acquire all the necessary skills to succeed in their careers.
The demand for skilled professionals with a Master of Business Administration (MBA) in IT and Fintech has grown immensely in recent years. We see digital innovation in the field of finance in the form of cryptocurrencies, mobile payments, online banking, etc. You can learn the skills to pursue a career in Fintech by completing an online MBA from Online Manipal. You will learn about subjects belonging to both IT and Financial Technology, such as Information Security Management, Investment Analysis and Portfolio Management, Web-based systems development, Financial Management, etc.
Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.
Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.
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