Core concepts you will learn in an online MBA in BKFS

An introduction to TAPMI’s online MBA in the BKFS program

The online MBA in Banking and Financial Services offered by T.A. Pai Management Institute (TAPMI) is a tailored two-year program that is exclusively designed to provide working professionals with advanced knowledge of emerging trends and technologies in the BFSI industry. The program fosters learners to develop a strong grip on important concepts in the new-age BFSI sector, such as digital transformation in the banking sector, financial econometrics, cryptocurrency and blockchain technology, and other modern innovations in the BFSI space. 

The course curriculum is designed by experienced faculty members with the most up-to-date concepts of the BFSI industry to help experienced working professionals stay updated with the transformations that are taking place in the space. 

The four industry-relevant electives offered in the program allow learners to focus on a particular aspect of the BFSI sector and customize their careers accordingly. As per a PwC report, India is estimated to become the third-largest banking sector in the world by 2050. This highlights the need for skilled professionals in the banking sector, and the program aims to prepare professionals to up the niche roles and responsibilities required in the sector. 

You can also read: Top emerging technologies in financial services and how to upskill in them.

Core subjects you will learn in TAPMI’s online MBA in BKFS program

The online MBA-BKFS program offered by TAPMI focuses on providing individuals with a solid background in both financial services and business. Core subjects you will learn during this program are mentioned below.

Indian Financial System and Markets

The online MBA in BKFS gives working professionals a thorough knowledge of the financial system in India and its distinct markets. It helps learners broaden their horizons and succeed in the cutting-edge BFSI sector, along with enabling them to analyze financial statements, spot market trends, gauge risk, and comprehend a variety of investment options. It also helps them grasp the regulatory structure and how it affects the operation of financial markets. 

Top job roles to explore-

• Financial Analyst
• Investment Banker
• Stock Broker
• Portfolio Manager
• Risk Manager
• Compliance Officer
• Financial Planner
• Accountant
• Credit Analyst
• Treasury Manager 

Corporate Finance

Corporate finance entails overseeing a company’s financial operations, involving investment management, capital structure administration, and financial risk control. Individuals with a solid grasp of corporate finance are in great demand owing to the multifaceted nature of financial systems and regulations. Individuals can develop the skills necessary to thrive in the dynamic and developing BFSI business by increasing their comprehension of corporate finance.

Top job roles to explore-

• Financial Analysts 
• Investment Bankers 
• Corporate Treasurers 
• Financial managers 
• Risk Managers

Financial Econometrics

This subfield of economics uses quantitative and statistical models to analyze financial data. Financial econometrics expertise can aid professionals in the BFSI sector in excelling in the sector as it is constantly evolving. Professionals can spot patterns and relationships in financial data, predict future trends, and make wise investment, risk management, and portfolio optimization choices by applying econometric techniques to the data. 

Top job roles to explore-

• Financial Analysts 
• Quantitative Analysts 
• Risk Managers
• Econometricians
• Financial Engineers 
• Academic Researchers 

Storytelling with data

Success in the modern BFSI sector depends on one’s capacity for clearly communicating complicated data and analysis. “Storytelling with data” entails portraying data in a clear, succinct, and persuasive manner while utilizing visualizations and narratives to communicate important insights. This concept can contribute to the industry’s knowledge base through improved communication between professionals and their peers, customers, and stakeholders, which can ultimately produce better business results. 

Top job roles to explore-

• Data Analysts 
• Data Visualization Specialists
• Business Intelligence Analysts
• Data Scientists

FinTech & Role of Emerging Technologies in Finance

This subject offers a thorough grasp of the most recent financial technologies and their uses and covers topics like blockchain, AI, ML, data analytics, and online payments, all of which are crucial to the current financial environment. Professionals with expertise in this area are capable of identifying and putting into practice cutting-edge solutions that improve the user experience, increase organizational effectiveness, and lower expenses. 

Top job roles to explore-

• FinTech Product Manager
• Data Analyst
• Blockchain Developer
• Cybersecurity Specialist
• UX/UI Designer
• Digital Marketing Specialist
• Financial Advisor

New-age Banking & Finance

New-age Banking & Finance help learners gain a deeper grasp of the most recent trends and business practices in the BFSI sector. The course includes topics like risk management, financial analytics, blockchain technology, digital banking, and other subjects that are becoming more and more significant in the world of banking and finance today. Individuals can acquire the expertise required to succeed in the modern BFSI business by acquiring knowledge about these tenets. 

Top job roles to explore

• Digital Bankers
• Fintech Analysts 
• Financial Data Scientists 
• Blockchain Developers
• Risk Managers, 
• Compliance Officers 
• Investment Analysts 

Insurance Management

This topic includes risk management, emerging technologies, and insurance goods and services. This subject allows you to develop the abilities and information necessary to succeed in the insurance sector and maintain their competitiveness in the changing BFSI environment by studying these concepts. This includes the capacity to assess and compare insurance goods and services, effectively manage risks, guarantee regulatory compliance, and take advantage of new technologies to enhance insurance operations and client interactions. 

Top job roles to explore-

• Claims Adjusters 
• Risk Managers 
• Insurance Agents 
• Actuaries 
• Compliance Officers

Financial Product Selling

This subject enables students to learn more about and gain a better comprehension of the methods and approaches used in the sale of financial products, including a wide range of topics like sales techniques, financial planning, investments, and customer relationship management. One can learn highly sought-after skills like establishing and upholding customer relationships, comprehending financial products and markets, and successfully conveying convoluted financial information to clients by studying financial product selling. 

Top job roles to explore-

• Financial Advisors 
• Wealth Managers 
• Investment Bankers 
• Insurance Agents 
• Stockbrokers 
• Sales Representatives 

4 electives offered in TAPMI’s online MBA in BKFS

The online MBA in BKFS offered by TAPMI through Online Manipal offers a comprehensive curriculum for working professionals to forge ahead in the new-age BFSI industry. The program offers four futuristic industry-relevant elective baskets to facilitate learners to focus their knowledge on a certain important aspect of the sector and enrich their knowledge base accordingly. The new-age electives provided in the online program include the following:

• Analytics for Banking & Finance
• Banking
• Capital Markets
• Advanced Corporate Finance

The electives assist learners in gaining a thorough grasp of the industry’s continuously shifting dynamics, new trends, and technological advancements to build up their knowledge of the sector. The electives allow learners to develop niche skills to explore the demands and challenges of the modern-day BFSI industry and provide cutting-edge solutions. Learners become more competent and develop flexibility according to the constantly altering landscape of the sector by choosing one of the industry-focused electives. The advanced elective baskets provided are chosen especially to make learners future ready so that they can boost their chances of advancing in the modern-day BFSI industry. 

To know more, read: How TAPMI online MBA-BKFS electives help professionals tailor their career paths.

Pursue an online MBA in BKFS from TAPMI 

The conceptual framework of the online MBA in BKFS program provides professionals with advanced knowledge and understanding of the BFSI sector. The program is designed to help working professionals get into leadership or managerial positions in the financial services and banking sectors with prestigious firms. The four industry-focused electives offered in this online program help professionals advance their careers and find lucrative job opportunities without giving up their current employment. So, whether you’re looking to switch your career path or progress in the BFSI industry, the online MBA BKFS course from TAPMI can help you accomplish your goals.