MBA BFSI course details

BFSI stands for “Banking, Financial Services, and Insurance.” It is a dynamic sector that encompasses banks, financial institutions, investment firms, and insurance companies. Pursuing an MBA in BFSI can be a game-changer for launching a career in this field. It provides knowledge and skills crucial for success in BFSI, such as financial modeling, risk assessment, market analysis, and regulatory compliance. 

Career opportunities in BFSI are abundant, offering roles like financial analyst, investment banker, risk manager, insurance underwriter, and more. Additionally, an MBA program often includes internships and networking opportunities with industry professionals, enhancing your practical experience and connections. 

With an MBA in BFSI, you become a competitive candidate, well-equipped to navigate the complexities of this sector, make informed financial decisions, and seize leadership roles with attractive salary packages. 

An overview of MBA in BFSI 

MBA BFSI Full-Form	Masters of Business Administration in Banking, Financial Services and Insurance
MBA BFSI Course Level	Postgraduate
MBA BFSI Course Duration	2 years
MBA BFSI Eligibility	Bachelor’s degree
MBA BFSI Course Fee	Ranges between INR 1,20,000 to INR 25,00,000
MBA BFSI Examination type	Semester pattern
MBA BFSI Admission	Merit-based or entrance-based
MBA BFSI Average Salary	Salary range in the industry INR 7 to 25 LPA
MBA BFSI Recruiting Companies	ICICI, State Bank of India (SBI), YES Bank, HCL, Bajaj Alliance, etc.
MBA BFSI Job profiles	Accounts Manager, Equity Research Analyst, Business Analyst, Executive Assistant, Corporate Analyst, Marketing Manager, Marketing Analyst, Finance Manager, Cashier, Investment Banker, etc.

Check out: Why choose an MBA in BFSI? 

What is an MBA BFSI? 

A Master of Business Administration (MBA) in Banking, Financial Services and Insurance (BFSI) is a course that helps you build a strong foundation in the BFSI sector. You will learn about the various skills and tools needed to succeed in the Finance sector. This course mainly covers these topics: 

• Risk Management 
• Financial Accounting 
• Working Capital Management 
• Investment Banking 
• Mergers and Acquisitions 
• Business Valuation, and much more. 

Check out: Concepts you’ll learn in an MBA in BFSI program 

Career prospects after an MBA BFSI course 

After completing an MBA BFSI course, you can pursue further studies in the domain of Banking and Finance, or you can start working in the BFSI industry. The following sections talk about the scope of an MBA in banking and finance. 

Higher education opportunities after an MBA in BFSI 

You can opt for a PhD or a doctorate in the field of Banking and Finance after completing the MBA in BFSI. You can also opt for another master’s course in a similar field to broaden your skills and knowledge. You can also pursue a second or executive MBA after getting an MBA in BFSI. Some of the courses you can pursue after an MBA in BFSI are: 

• Master’s in technology in Banking 
• Master’s in philosophy in Banking 
• SAP Course 
• NSE’s Certification in Financial Markets 
• Project Management Professional (PMP) certification 
• ISB Certificate Program in Business Analytics 
• Financial Risk Manager Exam 
• Doctor of Business or PhD in Business studies 
• Personality Development Course 

Jobs you can get after MBA in BFSI with salary details 

There are many viable career options for you to choose from after completing an MBA in BFSI. 

Financial Analyst: Financial analysts evaluate investment opportunities, assess the financial health of companies, and provide recommendations to clients or their organizations. They play a crucial role in investment management and risk assessment. 

Investment Banker: Investment bankers help companies raise capital through various financial instruments, such as IPOs (Initial Public Offerings) or private placements. They also provide advisory services on mergers and acquisitions (M&A) and other financial transactions. 

Risk Manager: Risk managers assess and mitigate financial risks within organizations. They analyze market, credit, and operational risks, develop risk management strategies, and ensure compliance with regulatory requirements. 

Asset Manager: Asset managers oversee investment portfolios on behalf of individuals, institutions, or mutual funds. They make investment decisions to maximize returns while managing risk. 

Credit Analyst: Credit analysts evaluate the creditworthiness of individuals or businesses seeking loans or credit. They assess financial statements, credit reports, and other relevant data to determine the likelihood of repayment. 

Insurance Manager: Insurance managers are responsible for managing insurance products and portfolios. They assess risk, set premiums, and make underwriting decisions to ensure profitability for insurance companies. 

Corporate Finance Manager: Corporate finance managers work within organizations to manage financial planning, budgeting, and strategic financial decision-making. They often play a key role in capital allocation and investment analysis. 

Compliance Officer: Compliance officers ensure that financial institutions and organizations adhere to regulatory requirements and industry standards. They develop and implement compliance policies and procedures to minimize legal and regulatory risks 

Check out: Emerging trends in BFSI 

How can I pursue an MBA in BFSI? 

If you are interested in pursuing a BFSI MBA, you can do it via 3 different modes: online, distance education, or regular offline classes. 

• In online mode, you will attend all your courses and exams using internet-enabled devices such as computers, mobiles, etc. This mode offers flexibility in terms of time and place to the candidates. They can take up the courses according to their own pace and availability. 
• In distance learning mode, the teacher and candidates are separated by time and distance. It uses various media for communication, physical books, e-books, online courses and occasional face-to-face classes. Generally, the candidates have to be physically present for the examinations in a distance learning program 
• In a regular or offline mode of education, the candidates are expected to attend colleges and universities for lectures and lessons. Offline mode enables the students to interact face-to-face with their teachers, peers, etc 

Manipal University Jaipur offers a 2-year MBA in Banking, Financial Services and Insurance programme that is completely online.  

What is the eligibility to pursue an MBA in BFSI? 

Here’s the eligibility criteria to get admission into Manipal University Jaipur’s online MBA in BFSI: 

• Candidates must have a bachelor’s degree from a recognized university/institution with a minimum of 50% marks in aggregate in graduation 
• Candidates must clear Manipal University Jaipur’s online aptitude test as part of the application process. 
•  Candidates with a valid score (40 percentile) from any aptitude test (CAT/MAT/CMAT/XAT/GMAT) need not appear in the above test. 

MBA BFSI course details 

MBA syllabus – semester-wise breakdown 

MBA in BFSI offers training in a lot of subjects in the field of Banking, Financial Services and Insurance. Below is the detailed semester-wise syllabus of MUJ’s online MBA in BFSI: 

Semester 1	Semester 2	Semester 3	Semester 4
Management Process and Organisational Behaviour	Production and Operations Management	Research Methodology	Strategic Management and Business Policy
Business Communication	Financial Management	Legal Aspects of Business	International Business Management
Statistics for Management	Marketing Management	Bank Management & financial risk management	Business Leadership
Financial and Management Accounting	Management Information System	Financial Statement Analysis & Business Valuation	ALM & Treasury Management
Managerial Economics	Operations Research	Principles & Practices of Insurance	Basel Regulations & Risk Management in Banking
Human Resource Management	Project Management	Financial Services	Life Insurance Management
			General Insurance Management

Why should you choose an MBA BFSI program? 

 Students or working professionals who want to learn about the Banking, Financial Services and Insurance sector, MBA in BFSI is one of the best options for you. This course focuses on banking activities, business management, finance, and other important aspects of business administration. 

This degree will enable the students to pursue a career in the BFSI domain. MBA BFSI is regarded as the best degree for a banking career. There are a lot of private and government banks that offer top positions to MBA BFSI graduates. 

Benefits of pursuing an MBA BFSI degree program 

Specialized knowledge: An MBA BFSI program provides in-depth knowledge of the financial industry, including banking operations, investment strategies, risk management, insurance principles, and financial regulations. This specialization equips you with the expertise required for roles within the BFSI sector. 

Career progression: The course can significantly enhance your career prospects within the financial services industry. It opens doors to leadership positions and allows you to compete for higher-paying roles. 

Networking opportunities: MBA programs often offer opportunities to network with industry professionals, alumni, and fellow students. Building a strong professional network can be invaluable for future career growth and job opportunities. 

Financial acumen: You’ll gain a deep understanding of financial markets, investment strategies, and risk management techniques. This financial knowledge is applicable not only in the BFSI sector but also in various other industries. 

Management skills: MBA programs typically include courses on leadership, management, and organizational behavior. These skills are essential if you aspire to take on managerial or executive roles in the financial sector. 

Higher earning potential: On average, professionals with an MBA tend to earn higher salaries than those with just a bachelor’s degree. The specialization in BFSI can further increase earning potential, especially in finance-related roles. 

Job security: The financial industry is a stable and growing sector of the economy. Having an MBA BFSI degree can enhance your job security and make you more resilient to economic downturns. 

Check out: Must have skills for BFSI professionals 

Why is an online MBA from Manipal University Jaipur (MUJ) the best option? 

Manipal University Jaipur is a NAAC A+ accredited University that offers UGC-entitled online MBA degrees to its candidates. It’s a 2-year program and requires 15-20 hours of learning time per week. The MBA degree from Manipal University Jaipur is accepted by many companies for hiring employees and universities for higher education. Whoever has enrolled for any online program from Manipal University Jaipur (MUJ) can access live and recorded classes through an advanced Learning Management System (LMS), free e-learning material, attractive scholarships, EMI options, networking with alumni, free access to Coursera, and placement support. 

Online MBA course fee structure 

The annual fee for the online MBA in BFSI offered by Manipal University Jaipur (MUJ) is INR 1,66,000. You can also opt to pay the fees in semester-wise instalments of INR 41,500. . Manipal University Jaipur (MUJ) offers easy financing with no-cost EMIs to fund your education. 

What are scholarships offered by Manipal University Jaipur (MUJ) for online MBA? 

Manipal University Jaipur offers fee waiver scholarships to students from special categories. 

Scholarship Category	Document(s) Required	Scholarship Discount
Divyaang (for persons with disabilities)	Divyaang certificate	20%
Defense personnel	Personnel/ Service/ IC number	20%
PSU, Central or State Govt. employees	Identity card	10%
Merit (80% and above in Class 12 exams)	Class 12 marksheet	10%
Merit (80% and above in State board diploma exams 10 + 3)	Consolidated diploma marks card	10%

Also read: MBA BFSI vs other finance degrees 

Placement assistance offered by Online Manipal 

Online Manipal also offers placement assistance to all students who have enrolled in different online programs. These placement assistance services include resume building, interview preparation tips, mock interviews, skill assessments, industry-readiness sessions, and virtual placement drives. These activities will help students to land a job as soon as they complete the program.  

Conclusion 

MBA in Banking, Financial Services and Insurance is a degree course that enables students to grasp knowledge and skills in various domains like Banking, Finance, Insurance, Investment Banking, etc. There are many MBA finance jobs that one can pursue after completing an MBA in BFSI. You can pursue a career as an Accounts Manager, Financial Manager, Financial Analyst, etc. You can also choose to develop your skills further in the BFSI domain by pursuing higher studies after an MBA in BFSI. Manipal University Jaipur offers an online MBA in BFSI course. It also offers a wide variety of electives to choose from and free access to Coursera to develop necessary skills.