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MBA BFSI course syllabus

The Banking, Financial Services, and Insurance (BFSI) industry is rapidly changing. It’s no longer a typical banking job but the most prestigious and secure profession available. Today, the BFSI sector appears to have moved focus, with new private players taking the lead rather than public sector players ruling the roost.

You can no longer be satisfied with being a paper pusher if you want to pursue a career in banking and finance. You’re also not going to just help streamline the procedures.

Your profession will undoubtedly require you to connect with and understand your customers’ demands and a working knowledge of technology. But how will you do this? With these changes in the market, new pedagogy and a revised curriculum are required.

MBA in Banking and Finance has become one of the most popular MBA programmes at top MBA schools. Year after year, the demand for Banking, Finance, and Insurance Management professionals has increased.

As one of the world’s fastest-growing major economies with a burgeoning Banking, Finance, and Insurance services sector, India is on the verge of realising its full potential. As a result, the demand for competent and well-qualified management professionals with experience in banking and finance in the challenging BFSI sector continues to rise.

The MBA in Banking and Financial Services programme provides aspiring managers with the skills needed for a successful career in the banking and finance sectors, mergers and acquisitions, and properly managing a banking or insurance company’s assets.

What is an MBA in BFSI?

BFSI is the acronym for the Banking, Financial Services, and Insurance sector. The MBA in Banking and Financial Services is a globally recognised qualification that focuses on taking the initiative in the banking and financial services industry’s changing environment. The primary functional areas that the industry requires are financial planning, control, and management of financial resources.

What are MBA BFSI subjects?

The MBA Banking and Finance syllabus is listed below per year:

Year 1Year 2
Accounting and Finance for ManagersFinancial Institutions and Services
Corporate CommunicationCommercial Banking and Role of RBI
Marketing ManagementMutual Fund Management
Managerial EconomicsBanking and Insurance Marketing
Principles of Management and Organisational BehaviourStrategic Management
Quantitative Techniques for ManagementManagement of Banking and Insurance Companies
Operations ManagementMerchant Banking
Human Resource ManagementManagement Control Systems
Research Methods for ManagementBusiness Environment and Ethics

Online MBA in BFSI – semester-wise syllabus

Banking and Finance syllabus as mandated by different universities and colleges:

Semester 1Semester 2Semester 3Semester 4
Managerial EconomicsOperations ManagementManagement Control SystemsMutual Fund Management
Accounting and Finance for ManagersCorporate CommunicationCommercial Banking and Role of RBIBusiness Environment and Ethics
Marketing ManagementResearch Methods for ManagementBanking and Insurance MarketingStrategic Management
Principles of Management and Organisational BehaviourQuantitative Techniques for ManagementFinancial Institutions and ServicesMerchant Banking
Human Resource ManagementManagement of Banking and Insurance Companies

What is the scope of an MBA in BFSI?

Career options after MBA in BFSI

The MBA in BFSI programme gives a solid foundation in accounting and finance. After graduation, this course is primarily for students who want to pursue a professional accounting qualification or academic study in related fields.

Diverse skills

MBA holders are known for having the ability to manage things professionally in a corporate setting. Similarly, the banking industry demands highly skilled employees who can manage their affairs efficiently and adequately. This diverse skill set will set you apart from other employees and allow you to concentrate on your professional development. Effective communication, leadership qualities, analytical skills, and so on are examples of these abilities.

Increased job opportunities 

When it comes to joining the banking profession after completing your MBA, you have a lot of possibilities. Working with commercial or public sector banks is a good place to start, and both provide their employees with a unique experience. While working for a public sector bank will provide you with more stability, private sector banks are recognised to offer more substantial growth possibilities. An MBA is perfect for careers in the banking business. An MBA graduate is well-equipped and qualified to devise a strategy for banks that effectively balances their economic interests with their commercial ones.

In the banking and financial industry, there are numerous employment options. Banking and finance are among the most popular job choices among Indian students. MBA Banking and finance graduates typically work for the government and commercial banks, mortgage businesses, savings and loan unions, and credit institutions. In this profession, they can also operate as freelancers. Teachers in universities and colleges are another option for professionals in this field. Graduates can begin their careers as trainees or accountants after completing their education. Finance and banking is a sector with a lot of growth potential. MBA in Banking and Finance in India provides a wide range of employment options in the banking and business sectors.

Attractive Packages 

Banks provide substantial wage packages to graduates in addition to job security. Banks provide substantial wage packages to graduates in addition to job security. The average wage is determined by a variety of criteria, including company policies, the skill of the individuals applying for the position, understanding of the industry, and so on.

An MBA in banking and finance salary in india is between INR 3 lakh and INR 7 lakh on average. For the next three to five years, the banking industry is expected to grow at a respectable rate of more than 20%.

While the retail banking sector will be the primary growth driver for banks, other areas such as Corporate Credit, SME Banking, strategic pitching of other financial products and services such as Insurance, mutual funds, fee-based pay, and mechanical upgradation will also be important growth drivers.

MBA in BFSI projects

Working on real-world projects is what helps in assessing how well one has understood your field of knowledge. Besides, it also facilitates upgrading your skills.

MBA in BFSI Management Projects cover a wide range of topics:  

  • Analysis of global equity markets 
  • Emerging scenario of insurance industry 
  • Comparative analysis of banks and their service quality
  • Foreign investment and its effects on economic growth 
  • Analysis of Bank Finance 
  • Comparison of Market Share

Is an MBA in BFSI a good option?

If you’re drawn to financial services because of entrepreneurial interests, social impact areas, or traditional rings, an MBA in Financial Services is the course for you. Take a look at the prospects and career options for an MBA in Financial Services.

MBA graduates work in a variety of roles in banking and finance, including the following:

  • Investment Bankers: Investment bankers are financial experts that assist various organisations in raising funds by issuing stocks and securities. Investment bankers typically work for brokerage firms, investment banks, and other financial administration corporations.
  • Financial Consultant: A financial advisor is knowledgeable in various financial services, such as resource management and retirement planning. Most financial professionals keep up to speed on specific areas of monetary administration, such as supervising individual resources.
  • Chief Financial Officer:  Chief financial officer (CFO) provides procedural and administrative assistance. The CFO is the organisation’s chief financial representative and controls the fund unit, and they have a direct line of communication with the CEOs.
  • Loan Officers: They work in the banking industry and are in charge of evaluating and approving applications for contracts, vehicle loans, and education loans, among other things. Banks and certain monetary administration organisations offer job chances for these personnel.
  • Business Relationship Manager: Managers in this position act as a liaison between corporate administration and the business. They have a wealth of knowledge on both customer service and business matters.

Master your BFSI skills with an online MBA degree from Online Manipal

Banks and other financial institutions are highly vulnerable to many disruptive influences. International trade policies,  fintech trends, economic and monetary policies, compliance regulations, and risk management standards are a few examples.

A Master’s in Business Administration degree with BFSI as an elective from Manipal University Jaipur can help you advance your career, both financially and in terms of gaining access to senior and managerial positions. An MBA with Banking, Financial Services, and Insurance can help you perfect the needed skill sets that will enable you to achieve your goals.

Read more – 10 reasons why you should choose online MBA

Experts have created the Manipal University Jaipur MBA curriculum in close collaboration with the leading banks to be relevant to the industry’s evolving needs. This curriculum provides professionals with a much-needed competitive advantage in a highly competitive banking environment. You’ll get an education centred on the technicalities of a business model while attending an online MBA at Manipal University Jaipur, which will help you develop a robust skillset. Management skills are one of the most highly valued of them.

BFSI has always been one of the best domains in terms of pay-outs. Professionals receive good wage packages, albeit this varies depending on the function and industry. 

An MBA with BFSI as an elective will equip students with all necessary information and abilities, ensuring that they are future-ready. The MBA programme electives help students take a tremendous jump in their professional lives. Manipal’s curriculum is linked with industry needs and enables our learners to be job-ready upon the programme’s conclusion. The overall cost of studying the Online MBA – BFSI at Manipal University Jaipur is INR 1.5 lakh, although students can pay INR 37,500 every semester. Also, they can avail scholarships and no-cost EMI options.

Enjoy free courses with online MBA at Online Manipal

Online Manipal also offers students access to Coursera, where you can earn certificates from major universities such as Duke University, INSEAD, and Yale University. They can utilise this access to learn from these courses and get an additional certification. 

Learners can also access the INR 50,000 worth certification programmes provided on Online Manipal to upskill themselves. These certifications include management and IT-related courses, which may incline recruiters to give preference over other resumes. 


MBA in Banking and Finance is for graduates with strong business backgrounds who want to expand their knowledge and talents in the field of financial management as they develop in their careers.

The main goal of this curriculum is to place a greater emphasis on improving an individual’s analytical, strategical, financial, and marketing skills and developing a complete understanding of all the many functional sectors of the business industry.

The programme’s goal is to give progressive managerial training that addresses the most recent developments in bank administration and financial organisations.


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.

  • TAGS
  • BFSI
  • Master of Business Administration
  • online degree
  • online education in India
  • Online MBA

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