Online Manipal Editorial Team | July 26, 2022
FinTech is the latest field that combines finance with technology by leveraging cutting-edge technologies to offer financial services effectively and seamlessly. It will help banks, insurance businesses, non-banking financing companies (NBFC), payment banks, stock trading, and investment advising organisations deal with day-to-day challenges and provide more customer-friendly solutions.
Students interested in information and financial technology can enrol in this 2-year online MBA IT and FinTech programme. By integrating two vital sectors of the surging market in management, this degree gives learners a competitive advantage in the job market.
The course aims to increase comprehension of how innovative technologies, such as blockchain, AI, IoT, cloud computing, and data analytics utilising R and Python will allow businesses to offer shareholders and customers potential concepts. Participants will gain a thorough grasp of concepts like Insure-Tech, Peer-to-Peer Lending, Robo-Advisory, and Algorithm Trading that aim to improve the performance and financial inclusiveness of the financial services industry’s procedures, deliveries, and marketing.
The MBA FinTech programme will give participants the skills necessary to participate in these discussions, build the mindsets and skill sets for investigating prospects in the FinTech industry, and design their FinTech businesses.
What is FinTech?
FinTech (Financial technology) pertains to any technology that empowers financial services, including internet banking, mobile payment apps, and even cryptocurrencies. It is a broad category that includes a variety of technology, but its primary goals are to \assist how individuals and corporations manage their funds and to compete with established financial institutions.
FinTech businesses have revolutionised almost every facet of the financial sector over the past several years. Ten years ago, obtaining a mortgage, a small business loan, or even just transferring money from one account to another required a person to go to a bank or other financial institution.
Using online and mobile services, one may invest, borrow, save, and transfer money without ever setting foot inside a bank, thanks to FinTech. FinTech solutions were reluctant to be adopted by traditional institutions, but new businesses and well-established firms are placing their bets on digitised financial services.
An overview of MBA IT & FinTech
|Program full name||Master of Business and Administration in FinTech|
|Program level||Postgraduate degree|
|Duration of the program||2 years|
|Average program fee||INR 1,00,000 – 2,00,000|
|Examination type||Semester pattern|
|Admission||Entrance exam and merit-based|
|Recruiting companies||Amazon, Google, Deloitte, PayTM, HCL|
What is an MBA in IT & FinTech?
The MBA program in IT and FinTech is a 2-year postgraduate program that helps learners close the disparity between managerial and ingenious financial technology advancement and its implementations in financial services. MBA FinTech course can be pursued as an elective choice for individuals who desire to work in managerial positions in the digital technologies or fintech sectors. It will give students the much-needed professional lift they seek to increase their potential earnings and break into this quickly-evolving field.
Who can enrol in an MBA IT & FinTech programme?
An MBA in any specialisation can generally only be undertaken by somebody who has earned their graduation level degree because it is a postgraduate study. The following list outlines the general eligibility requirements that institutions have for applicants:
- A graduate degree from a reputable college in any stream.
- Depending on the requirements of the university and overall graduation score of 40–50%
- Some institutions demand that applicants pass an entrance-level aptitude exam with a decent score, like the CAT, MAT, CMAT, etc.
- Institutions sometimes conduct their entrance exams to evaluate applicants’ ability for business administration.
Admission procedures to enrol in an MBA IT & FinTech programme
The majority of online institutes have a similar basic admissions procedure for online courses. The process is typically carried out digitally, making it simple for students to enrol in the programme from the comfort of their homes. Below are the standard admissions procedures:
- By logging into the official admissions portal or website of the institution of your preference, you can apply for the program.
- You can see the qualifying requirements and submit your application online or start the admission process immediately.
- Submit the university’s primary application/admission form to formally apply for the programme after taking the online screening test (entrance) or signing up.
- Enter your basic information, fill the appropriate fields, and upload copies of the necessary papers, including your CAT/MAT/CMAT test results if applicable.
- The standard application fee for universities is payable online with various virtual payment methods, including net banking, credit card, UPI payment, etc.
- The university admission council analyses your application and either approves or denies it once you have submitted your information, application fee, and copies of official papers.
How can I pursue an MBA in IT & FinTech?
An MBA programme fits your aspirations, whether you’re at the beginning of your career and want to soar to new heights or an established professional hoping to climb into the C-Suite. Different MBA programmes are available, from full-time residential schools to online courses you could do at home.
- Full-time MBA
Like university programmes, full-time MBAs need a full academic workload.
- Part-time MBA
Part-time MBA programmes generally provide evening classes so students can still study MBA without having to quit their jobs.
- Online MBA
Students who pursue an online MBA can choose their schedules and study at home. The flexible options provided by online MBA programs enable you to fulfil the demands of your busy schedule while moving your career forward. Like a part-time program, you can study for a considerable time and finish lessons at your convenience, but you get an online degree which is equivalent to a regular MBA degree.
Future prospects after an MBA IT & FinTech course
The rapid technological advancements and the growing preference for fintech makes the MBA IT and FinTech scope massive, with excellent career options. Emerging FinTech companies have challenged the traditional financial services sector over the past years through the use of new technology and the quick delivery of customised, value-added services.
People with the appropriate skill sets and knowledge of how these developing technologies can be used in the financial services sector are in high demand. With the help of MBA FinTech degree, participants can better comprehend, evaluate, and take advantage of new financial breakthroughs and join the Fintech boom. There are many employment options in multiple industries for MBA graduates in IT and FinTech, including:
- Data Analysis
- Wealth Tech and Robo Advisors
- Risk and Compliance
- Data Science
- Artificial Intelligence and Machine Learning
- Blockchain and Cryptocurrencies
- Mobile App Development
- Digital Lending
- E-Wallets and Payments
- Money Transfers
- Peer-to-Peer Lending
Higher education opportunities after an MBA in IT & FinTech
Since more students are enrolling in MBA programmes each year, several students are exploring alternate courses to MBA programmes that will set them apart from the competition. Your profile will always benefit from an additional speciality because it will improve your work abilities, instil business principles, and help you develop your personality. These programmes will aid your professional and personal development and are broadly applicable in the workplace. Below is the list of courses to take following an MBA in financial technology.
- Financial Risk Management [FRM]
- Doctor of Business Administration
- Certified Information Systems Auditor (CISA)
- Chartered Financial Analyst [CFA]
- PhD in Management
- ISB’s Certificate Programme in Business Analytics
- Certification in Risk Management Assurance [CRMA]
- Project Management Professional (PMP)
- Post Graduate Diploma in Computer Applications (PGDCA)
- Certified in Production and Inventory Management (CPIM)
- Data Science
- Data Analytics
- Human Resource Management
- Fellow Programmes in Management from IIMs
- Executive MBA
- SAP Course
- Personality Development Course
- NSE’s Certification in Financial Markets
- Foreign Language Course after MBA
- Coding Courses
Career options with salary
IT and FinTech are extremely coveted in today’s professional domains. Thus, there is much room for job advancement after taking this degree. The following are a few examples of the types of jobs and typical salaries that are offered in India:
|Job opportunities||Average salary in INR|
|Financial Analyst||4,00,000 PA|
|Data Scientist||11,00,000 PA|
|IT Manager||9,10,000 PA|
|Chief Technology Officer||30,00,000 PA|
|IT Consultant||9,40,000 PA|
|Business Development Manager||5,30,000 PA|
MBA IT & FinTech course details
Students may expect to learn about the evolving financial industry environments, the frameworks, and intellectual skills necessary to foresee and take advantage of future FinTech trends as part of the curriculum. The MBA FinTech curricula cover the following topics:
- Technology Management
- Business Intelligence and Tools
- Software Engineering
- Database Management Systems
- Fintech Payments and Regulations
- Enterprise Resource Planning
- Cryptocurrency and Blockchain
MBA IT & FinTech syllabus – semester-wise breakdown
The programme syllabus for an IT and FinTech course often includes teaching students about the fields of information technology and financial technology as well as the fundamental concepts and knowledge areas of management and corporate administration. The following are the main MBA in Fintech subjects:
- Management Process and Organisational Behaviour
- Business Communication
- Statistics for Management
- Financial and Management Accounting
- Managerial Economics
- Human Resource Management
- Production and Operations Management
- Financial Management
- Marketing Management
- Management Information System
- Operations Research
- Project Management
- Research Methodology
- Legal Aspects of Business
- 4 Elective courses: Database Management System, Software Engineering, Technology Management, and and Business Intelligence / Tools
- Strategic Management and Business Policy
- International Business Management
- Business Leadership
- Project work
- 4 Elective courses: eCommerce, FinTech Payments and Regulations, Cryptocurrency and Blockchain, and Enterprise Resource Planning
READ MORE: MBA IT & FinTech course syllabus
Why should you choose an MBA IT & FinTech programme?
Fintech is an emerging sector advancing swiftly due to a variety of hopes and concerns about what this will ultimately imply for trade and markets. The following factors justify choosing this field for your career path:
- High employment prospects:
The popularity of electronic wallets, immediate loan choices, and cryptocurrencies have caused the IT and FinTech industries to grow at a rapid rate. FinTech management experts have access to a variety of local and international employment prospects.
- Improved potential earnings
MBA FinTech jobs in the banking sector are rewarding, which makes it an excellent place for MBA graduates to reach their potential. Students can anticipate improved perks and higher potential earnings.
- Aim to be future-ready
Students can get hands-on exposure in the industry by taking the IT and FinTech elective in the MBA programme. Database management systems, technology management, software engineering, e-commerce, blockchain, FinTech payment systems, and ERP are just a few technologies that will transform how the financial sector conducts business. Students with MBA FinTech degrees will have the opportunity to advance in their careers and keep up with the times for their entire lives.
Benefits of pursuing MBA IT & FinTech degree programme
Financial technology employs technological advancements to enhance and streamline financial services. If you’re a techie, taking financial technology classes might provide you with a greater understanding of the many facets of this industry. Additionally, it will give you the appropriate information, exposure, and skill set to cope with the complexity of the work demand. Obtaining a FinTech qualification will help you in many ways if you work in IT and want to build a successful career in this field.
- Acquiring the key competencies
You will learn about all the advanced techniques utilised in the FinTech business by enrolling in courses on fintech. You will acquire a variety of other fundamental skills connected to this subject and gain practical experience using them. A quality course will also expose you to different cultures while acquainting you with the most recent business ideas.
- Competitive advantage
The constant technology changes and shifting consumer expectations make the fintech sector very challenging. Your ability to handle issues, meet technological requirements, and take the initiative will be much improved by earning a FinTech credential, thus giving you an edge over your competitors.
- Invigorate your career
The FinTech training course will assist you in advancing your professional development and pursuing your ambitions with assurance. Your CV will gain significantly from it, and your professional profile will get more legitimacy. Therefore, enrolling in an MBA in financial technology will be a wise decision whether you’re a seasoned professional looking to advance your skills or a recent graduate looking to launch your career.
- Lead with Innovation
It is a sector that is quickly developing and adopts all the most cutting-edge technology to enhance financial services and client perspectives. By earning a FinTech credential and launching your career in this field, you may be at the helm of these developments.
Required skills for a job in IT & FinTech
Even if you are not a digital whiz, fintech is a fascinating new area to follow because it offers opportunities to individuals with a range of skill sets. Here are the key abilities you’ll need to land a job if this is a field you’re interested in:
- Thorough understanding of blockchain
Blockchain technology has upended several established sectors, with banking unquestionably being one of them. Companies stay fiercely competitive to recruit the best crypto-talent because there is a relatively small talent pool of individuals with blockchain competence and application-building skills. If you fit this description, you can have a wide range of job options.
- Exceptional coding abilities
The best tech and fintech organisations usually employ workers who can improvise while developing apps, websites, and platforms. Fintech firms will continue to release even more digitised breakthroughs, which will drive up demand for talented people who can lead these new technology developments. The world of fintech is open to you if you have a background in computer science or information technology.
- Passion for numbers
Fintech is heavily reliant on numbers, so having a basic grasp of finance-based maths and the skills to comprehend charts and graphs and spot tendencies will be very helpful. You could enter the fintech sector more easily if you have a degree in mathematics.
- Competence in cyber security
Fintech companies are actively seeking cybersecurity experts who can aid in protecting clients from costly breaches. Fintech is where you belong if you can contribute to the development of advanced security measures that can thwart thieves and quickly stop internet crimes from happening.
Is an online MBA in IT & FinTech a good option?
Online programmes weren’t always treated the same way as conventional on-site programmes. However, this has radically changed in the current digital era. Students who enrol in online programs get a head start on their future careers. An online degree has some advantages, such as:
- Exposure to virtual fintech tools:
Learners will gain knowledge about and practise using the digital fintech tools, providing them with a preview of what a day at work might be like.
- Self-reliant research and thinking:
Participants are left to work freely and do their studies out of the earshot of their lecturers and colleagues.
- Interaction abilities:
Students can take their time during online learning to formulate thoughtful comments, inquiries, or opinions. This will equip them for all digital mediums of expression used in today’s corporate environment.
- Balance tasks
The majority of online courses are self-paced; thus, it is up to the learner to finish particular portions or courses within a set time. Due to this, students must manage their obligations in terms of work, family, and school. Any hiring manager will value you greatly if you can demonstrate that you can effectively balance tasks.
Why is an online MBA from Online Manipal the best option?
Online MBA with IT & FinTech as an elective offered by Manipal University Jaipur (MUJ), is one of the best MBA specialisations in India. This programme is intended for specialists who want to work in managerial positions in the IT or financial technology sectors. Your ability to develop the necessary skill sets to land a lucrative career in any corporation across industries will be enhanced with the help of an MBA in IT & FinTech elective.
In today’s corporate environment, organisations are searching for future leaders who could enhance organisational performance. The online MBA programme at Manipal University Jaipur (MUJ) can help you sharpen your business skills, get managerial experience, and expand your networking opportunities. Students at MUJ can study the training modules, view previously recorded lectures, engage with other students and faculty, and much more using the platform’s user-friendly interface.
The online degree programmes at MUJ provide learners with a terrific adaptable career development possibility with simple, bite-sized content. Students can learn on their timetable, study on the go, engage with experts in the field and seek guidance, connections, and prospects to prosper and significantly advance their career prospects.
Eligibility requirement to get admission into MBA from Online Manipal
- The minimum requirement for candidates is a 10+2+3-year bachelor’s degree in any discipline from an accredited university or institution or an equivalent degree approved by the Association of Indian Universities or other authorised body with a minimum of 50% in the overall grade. (45 percent for reserved categories).
- The CAT, MAT, CMAT, XAT, or GMAT are among the aptitude tests that applicants must have passed.
- Applicants without a passing score on an aptitude test must take and pass the online aptitude test offered by Manipal University Jaipur (MUJ) to be deemed for enrollment in the MBA programme.
Eligibility criteria for international students for online MBA
International students are the applicants with NRE, PIO status, living outside of India, and/or individuals who are not Indian citizens. Such students will be charged an international price for their respective degrees and may be required to present documentation during the application process, including but not limited to a CV, address verification, valid visa, PR card, and a copy of their passport. Candidates with a graduate degree must produce a certification of equivalency from the Association of Indian Universities, which is required for applicants to any university in India.
Online MBA course fees structure
The fees for an online MBA program offered by Manipal University Jaipur (MUJ) is INR 1,50,000, which means INR 37,500 per semester. Fees can be settled semester-by-semester via flexible payment options. The students might also look into straightforward financing solutions like cost-free EMIs and see if they qualify for any scholarships.
Online MBA scholarship offered by Online Manipal
Defence personnel, government employees, people with disabilities, and deserving students can apply for scholarships from MUJ. MBA from Manipal University Jaipur is a cost-effective option, thanks to these many financial aid programmes and an easy repayment schedule.
Placement assistance at Online Manipal
The placement assistant programmes at Manipal University Jaipur are advantageous to students. Students can benefit from the extensive group of experts, academics, and alumni as they develop their professional networks and get ready for interviews. The placement cell attempts to increase the employability factor of students looking for jobs after completing their programmes and are interested in finding professional prospects.
There is a wide network of top businesses in India, including both established ones and recent startups, to assist these students. Also, they set up career fairs to introduce job-ready candidates to reputable companies and assist them in securing positions they prefer.
FAQS about MBA in IT and FinTech
1. Which university offers MBA in FinTech and IT?
Manipal University Jaipur (MUJ) is a fantastic choice for you if you’re looking for an MBA degree in IT and FinTech in an online format because it offers a well-designed online programme.
2. What is the duration of the online MBA (IT and FinTech) programme?
The MBA programme in IT and FinTech typically lasts two years (up to four years), divided into four semesters.
3. Do the specialisation for an online MBA in IT and FinTech differ?
No, though many universities offer separate majors in IT and Fintech, you can still pursue an MBA in IT and FinTech as a single specialisation degree..
4. How much does an online MBA in IT and FinTech cost?
The full course fee typically ranges between INR 1,50,000 and 2,00,000 because private colleges in India currently offer this degree most commonly.
5. Is my online MBA valid?
There are many possibilities that make online MBA programmes accessible today, but if you want a degree that is legitimate and recognised, be sure that your selected university and the degree have been validated and accredited by organisations like the AICTE UGC-DEB, NAAC, NIRF, and AIU. Your degree will thereafter be recognised and valid.
6. Why should individuals working in IT consider studying fintech?
Consider enrolling in a PG Certification Programme in FinTech if you’re an IT professional wishing to develop your career and obtain a thorough understanding of all aspects of the business. It will help you develop as a professional in the field and get a fulfilling job.
7. Is a job in fintech rewarding?
Yes. Because of the development and demand for technology, a career in financial technology is a good one. Every day, more employees are needed with a focus on fintech management, and in the next few years, that demand will double.
FinTech did not exist a decade ago. Currently, the sector is having an impact on the financial services businesses globally. Startups, tech giants, and well-established financial institutions all fall under the umbrella of the fintech industry, which makes use of cutting-edge technologies like edge computing, big data, blockchain, and artificial intelligence to improve the efficiency and accessibility of the financial services industry.
For MBA graduates, fintech has the potential to open up a wealth of job options and usher in a newfound epoch of financialisation. You will acquire the necessary information and abilities as an IT expert to further your career in the financial technology industry after completing FinTech certification programmes. You should enrol in the online MBA in IT and Fintech programme from Manipal University, Jaipur, if you want to undertake a comprehensive curriculum that will enhance your resume greatly, thus ensuring advancement in your profession.
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