MBA in Banking & Financial Services vs. MBA in Finance

What is an MBA in BKFS? 

An MBA in Banking and Financial Services (BKFS) is a specialized professional degree program that teaches advanced banking and finance concepts. It equips graduates with the knowledge and skills needed to become successful in the banking and financial services industry. This degree program is designed to give learners a comprehensive understanding of the financial markets, banking operations, and other related topics. In addition to the industry-oriented electives, MBA in BKFS candidates will have the opportunity to specialize in one or more areas of banking and finance. 

Read more: How TAPMI’s MBA BKFS tailor’s learners’ career path

What is an MBA in Finance?

An MBA in finance is an advanced degree program providing learners with the necessary skills to pursue a career in the field of finance. It provides students with a comprehensive understanding of the fundamentals of finance, accounting, and economics and a strong foundation in financial management topics such as corporate finance, investment management, international finance, and financial analysis. The program is designed to equip students with the skills and knowledge necessary to succeed in the highly competitive financial services sector.

MBA with finance electives offer students the opportunity to specialize in one or more areas of finance. Electives may include topics such as financial modeling, financial engineering, corporate finance, financial markets, financial risk management, capital markets, investment banking, international finance, and financial analysis. Students may also choose to pursue electives in areas such as taxation, accounting, public policy, and entrepreneurship.

What’s the basic difference between an MBA in Finance and MBA in Banking & Finance?

An MBA in Finance and an MBA in Banking & Finance are both postgraduate-level business degrees that focus on finance-related topics, but there are some key differences between the two.

An MBA in Finance typically covers various financial topics, including accounting, financial analysis, investment management, corporate finance, and financial modeling. This degree program is designed to provide students with a strong foundation in finance and the skills needed to work in a variety of roles, such as financial analyst, investment banker, or financial manager.

On the other hand, an MBA in Banking & Finance focuses specifically on the banking industry, including topics such as financial markets, banking operations, risk management, and financial regulations. This degree program is designed to help advance the careers of working professionals in banking, including roles such as loan officer, credit analyst, or bank manager.

Overall, the key difference between an MBA in Finance and an MBA in Banking & Finance is the specific focus of the degree program. An MBA in Finance is broader and covers a range of fundamental financial topics, while an MBA in Banking & Finance is more specialized and focuses specifically on the BFSI industry.

What do you learn in TAPMI’s online MBA in BKFS?

TAPMI’s online MBA in Banking and Financial Services (BKFS) program is designed to provide learners with a comprehensive understanding of the banking and financial services industry. Some of the key subjects that will be taught in this program include

1. Financial Accounting
2. Corporate Finance
3. IT in Banking
4. Managerial Economics 
5. Business Statistics 
6. Human Resource Management 
7. Macro Economics 
8. Insurance Management 

What do you learn in an online MBA in Finance?

An MBA in Finance is a graduate-level business degree focusing on the fundamentals of financial management and analysis. The core financial subjects that are typically taught in an MBA in Finance program include

• International Financial Management 
• Security Analysis and Portfolio Management 
• Mergers and Acquisitions 
• Merchant Banking and Financial Services 

In addition to these core financial subjects, MBA in Finance programs also include other important finance-related topics such as Taxation Management, Financial Analytics, Insurance and Risk Management and Financial Analytics.

Read more: Concepts to learn in MBA Finance

Careers after online MBA in BKFS

An MBA in Banking and Financial Services (BKFS) provides learners and professionals with many career advancement opportunities in the banking and financial services industry. Some of the popular career paths for MBA in BKFS graduates include

1. Investment Banking: MBA in BKFS graduates can work in investment banks as analysts or associates, where they help clients raise capital, execute mergers and acquisitions, and provide strategic financial advice.
2. Commercial Banking: MBA in BKFS graduates can work in commercial banks as relationship managers, credit analysts, or branch managers, where they help clients with a range of banking services, including loans, deposits, and wealth management.
3. Asset Management: MBA in BKFS graduates can work in asset management firms as portfolio managers or research analysts. They manage investment portfolios and make investment decisions based on market trends and client goals.
4. Insurance: MBA in BKFS graduates can work in insurance companies as underwriters, risk managers, or actuaries, where they assess risk, price insurance products, and manage insurance portfolios.
5. Financial Consulting: MBA in BKFS graduates can work in financial consulting firms as consultants or advisors, where they help clients with financial planning, risk management, and investment strategies.

Also read: Top job roles TAPMI’s on-campus MBA-BKFS alumni are working in 

Careers after online MBA in Finance

An MBA in Finance prepares graduates for various exciting and rewarding careers in the finance industry. Some of the popular career paths for MBA in Finance graduates include:

• Financial Manager: Financial managers are responsible for overseeing the financial health of an organization and ensuring financial stability. They oversee a variety of crucial tasks, including monitoring cash flow, managing expenses, creating financial data, and developing profit-maximizing strategies.
• Financial Analyst: Financial analysts are in charge of conducting research to provide investment strategies and make investment-related decisions for their company or clients. This position requires strong mathematical and analytical abilities as it is a data-intensive role.
• Accounting Manager: Accounting managers are responsible for overseeing the overall management of the accounting department. Their job role includes supervising accountants’ work, reviewing financial statements, and preparing financial reports.
• Chief Investment Officer: Chief Investment Officers are in charge of overseeing strategic investments that affect the expansion of an organization’s resources. They develop and communicate investment strategies and supervise the investment process to keep a check that investment policies are followed properly.
• Investment Consultant: Investment consultants provide financial advice to their clients on the funds, asset classes, and other investment options to invest in as part of the development of an investment and asset allocation strategy and portfolio construction process. 

Which one to choose: Online MBA in BKFS or online MBA in Finance?

Choosing between an online MBA in Banking and Financial Services (BKFS) and an online MBA in Finance can depend on your career goals and interests. Here are some factors to consider:

1. Specialization: If you have a specific interest in exploring job opportunities in the BFSI industry, an MBA in BKFS may be the better choice as it focuses on the banking and financial services industry. However, if you want a broader education in finance, an MBA in Finance may be more suitable.
2. Career Goals: Consider your career aspirations and which degree would best align with your goals. An MBA in BKFS is geared toward advancing careers in banking and financial services, while an MBA in Finance lays the foundation for career paths, including investment banking, corporate finance, asset management, private equity, and consulting.
3. Curriculum: Review the curriculum of both programs and determine which courses align with your interests and career goals.
4. Program Reputation: Consider the reputation of the program and the school offering the degree. Look into the school’s alumni network, industry connections, and employer reputation.
5. Cost and Location: Evaluate the price and location of each program and determine which one best fits your budget and location preferences.

Conclusion

In conclusion, choosing between an online MBA in Banking and Finance and an online MBA in finance depends on the individual’s career goals and interests. An online MBA in Banking and Finance is best for those who want to advance their careers or reach a higher position in banking and financial services, while a Finance MBA is ideal for those who want to focus on financial analysis and management. No matter the choice, an MBA is invaluable in helping individuals achieve their career goals.