MBA in BFSI is a two year postgraduate degree in management. BFSI stands for Banking, Financial Services and Insurance. The degree teaches students how to plan, control and manage financial resources in an organisation.
With banks and finance companies experimenting with new technologies like blockchain, AI and machine learning, there is a need for rapid re-skilling of employees.
This is where an MBA in BFSI comes into the picture. Companies need new recruits to help manage these changes.
Read on to find out more about an MBA in BFSI course.
The banking industry in India is growing rapidly and is set to become the third largest domestic banking sector in the world by 2050. This means there are a lot of opportunities available for MBA in BFSI grads in the job market and this will remain the case for the foreseeable future.
After completing an MBA in BFSI course, freshers can work in different fields like market research, government and private sectors, budget planning, public accounting firms, consultancies, and corporations.
According to Payscale, the average salary for an MBA in BFSI professional in India is 7.36 LPA.
With a 150% placement record, Sunstone not only ensures multiple job offers, but also a secure career for its students. Recruiters that have hired our students include Amazon, OYO, Zomato, Byju’s, Swiggy, Flipkart, Paytm, Axis bank, SBI, Jaguar and Reliance to name a few.
They are responsible for merger and acquisition deals, managing funds and handling all financial transactions of an organisation.
They study market conditions to identify opportunities for the company to sell products and expand.
Investment Managers provide financial services and advice to clients and manage their overall portfolio.
Business Analysts are in charge of solving technical problems and using data to help plan for the future.
They oversee all insurance claims and see to it that they are settled amicably for both the client and insurer. Other responsibilities include selling policies to clients and advising them.
An MBA in BFSI gives students an overall view of the banking and finance sector.
There is a big gap between the demand and supply of quality recruits in this sector, which is pronounced all the more as employees who can handle the ever changing technologies are needed.
MBA in BFSI grads are in high demand as in addition to the technical skills such as taxation knowledge, corporate financial evaluation, investment management and insurance management, they also have the know-how to handle day-to-day operations.
At Sunstone, the MBA curriculum is divided into 5 trimesters. The syllabus for the first three trimesters is common for everyone. You can read all about that here (MBA Syllabus).
The BFSI syllabus comes into play during Trimesters 4 and 5. Given below are the MBA in BFSI subjects-
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You must have a very good idea about an MBA in BFSI now. Now let us tell you why you should choose Sunstone for your MBA.
MBA in BFSI has a vast scope and is accepted everywhere. However, recently there appears to be a skill gap in terms of what most colleges in India teach their MBA students as opposed to what the industry requires. This leads to a situation where the knowledge of the students falls short in the real world. This is because after taking the fee, an institution is bound to lose the motivation to tailor the recruitment specific to each student and their individual needs.
Sunstone solves this problem. Our pay after placement model ensures accountability. We don’t charge any tuition fees upfront and you only pay a small portion of your salary after you get placed.
This implies that students don’t need to stress about funding their MBA or take hefty loans and can instead concentrate on what matters- gaining knowledge and skills from our trusted faculty.
Our curriculum isn’t rigid or set by the traditional norms. It’s developed and updated by the industry itself. Our experts continuously monitor what the real world industry demands from new MBA graduates and they adjust the curriculum according to that.
Instead of you investing in us, we invest in you. We have only one goal, getting you placed in a job that suits your skills and one that you like.
Although an MBA in BFSI is one of the most popular specializations owing to its growth prospects, the ideal specialization in MBA completely depends on your interests. So, once you are able to discover your interests, go for the MBA specialization that suits you the best.
The most basic eligibility criteria is graduation. Candidates require a minimum of 50% minimum marks in their graduation or 45% marks for those belonging to reserved categories.
You need to first take an entrance exam as explained in this article. Then after getting shortlisted, we will invite you for an interview before deciding on your candidature.
With Mumbai being the hub of the BFSI sector, there are over 1000+ BSFI companies in India.
Some of the top MBA colleges best suited for banking are: IIM Kozhikode, IMT Ghaziabad, IMI New Delhi, TAPMI Manipal, and SSBF Pune.
UGC approved MBA & AICTE approved PGDM
15-months classroom learning
9-months long paid internship
Pay After Placement Model
Start your Pay After Placement MBA/PGDM journey at Sunstone Eduversity