MBA in Financial Technology, often known as MBA FinTech, is a new specialised interdisciplinary curriculum aimed at producing a workforce with the know-how and know-why skills required to change and manage Fintech technology. This programme is designed for graduates who want to work in Financial Technology, Big Data Analytics in Data Science, and Artificial Intelligence, as well as those who want to advance their careers, particularly engineers, mathematicians, physicists, computer programmers, undergraduates in business and commerce, and other high-tech professionals.
The curriculum or syllabus provided for postgraduate students taking MBA Fintech is designed to help them prepare and plan their academic activities throughout the course term.
Admission to MBA FinTech programmes in India is based on merit and entrance exam results. Aspirants must have a bachelor’s degree in a relevant field of study with at least 50%-60% aggregate marks, as well as admission exam scores, such as CAT/GMAT/XAT/NMAT/MAT/and others and other key eligibility conditions as specified by the university.
Birla Institute Of Technology And Science, D. Y. Patil International University, Pondicherry University, IILM University, ITM University, Indira Gandhi National Open University (IGNOU), Jain University Online, and other top business schools in India offer MBA FinTech programmes.
Furthermore, the scope and career opportunities for MBA FinTech graduates are constantly expanding, giving aspirants the option of pursuing higher education in the same field or choosing a career from a pool of different job prospects such as Advisory Services, Financial Analysts, Business Analysts, Compliance Analysts, Quantitative Analysts, Data Scientists, Blockchain Experts & Developers, Product Managers, and more.
Graduates with an MBA FinTech degree may expect to make INR 4.5 lakhs to INR 8.7 lakhs per year on average, with the potential to earn INR 21-25 lakhs per year.
MBA Fintech Course Highlights
Here is a quick rundown of some of the most important features and facts about MBA Fintech courses:
| Course | MBA Fintech |
|---|---|
| Full Form | Master of Business Administration in Financial Technology |
| Degree Level | Postgraduate/Master’s |
| Duration |
|
| Exam Type | Semester-based |
| Minimum Qualification Requirement | Candidates should have completed graduation in a similar discipline from a recognised university with 50% or above marks. All the candidates need to clear an entrance exam (like CAT) with an excellent score to get admission. |
| Average Starting Salary | INR 6-20 lakhs per annum |
| Average Fees Incurred | INR 4.5 to 15 lakhs |
| Selection Process | Entrance test + Merit-based |
| Popular Entrance Exams |
|
| Minimum Aggregate Percentage Required for Admission | 50%-60% in bachelor’s degree |
| Top Recruiters | UPLERS, PayPal, Korn Ferry, Paytm, CRED, Aspiration, Matrix, Amazon, Walmart, VISA, Accord FinTech, Agile financial technologies, CoinDCX, Boston Consulting, Bai & Company, Goldman Sachs, BCG, Bain and Company |
| Career Prospects |
|
Why Choose an MBA Fintech Course?
FinTech or Financial Technology collects and analyses data in real-time and is considered an economic revolution. It has changed the way businesses operate and how banks and financial organisations handle their financial services. MBA Fintech offers solutions that benefit organisations, particularly those that are new and small. An MBA Fintech programme blends the use of technology with financial trends to discover novel methods to disrupt and enrich the financial industry. An MBA Fintech degree has numerous benefits and some of the most compelling reasons to pursue this innovative and trending MBA program are outlined below.
The FinTech Industry is Seeing Rapid and Consistent Expansion
FinTech is a thriving business all around the world, including India. Despite different concerns about shifting markets, the FinTech business has grown year after year. The global FinTech market is worth more than USD 200 billion. This expansion has made FinTech a popular job choice for recent graduates. A FinTech master’s degree gives professionals a head start in this dynamic industry.
Engaging Environment
The FinTech industry is at the forefront of the digital revolution, creating an exciting and dynamic work environment. FinTech leaders are disruptive, and as FinTech professionals, individuals will have the opportunity to advance within the company and learn from innovative minds. Individuals also seek to improve the way the world manages money, shifting society away from old – and often antiquated – banking techniques and toward a more innovative, efficient future.
Being Up to Date with the Latest Technology
We live in a world where technology is constantly evolving. As a result, staying current on these improvements is critical. Freshers with no prior understanding of this industry, as well as those looking to expand their existing knowledge and skills, might pursue FinTech credentials. Whether they are finance professionals or work in a different department of a financial organisation, staying up to date on the newest Fintech trends is essential to make smarter judgments.
No Middlemen
Almost every company activity is being automated by technology, removing the need for human interaction in routine operations. With everything in the financial sector becoming computer-based, an MBA FinTech course is required to fully utilise technology. With businesses becoming more reliant on technology and online tools, FinTech and its innovations are undoubtedly the way of the future. Fintech has diminished the function of the banking sector and is on its approach to fully replacing it.
Career Transformation
Learning is a key talent that most businesses seek in potential candidates to advance their careers. Because the notion of FinTech is still relatively new, there are not many people in the market with an MBA FinTech degree. Knowledge of FinTech can help them make better decisions and contribute to the organisation’s success. Employers value an MBA in Financial Technology as a useful asset that can provide them with a competitive advantage over other candidates applying for the same employment position.
FinTech Careers and Graduate Jobs
Since MBA FinTech is such a booming industry, there are several job prospects and career options available to graduates. After receiving an MBA FinTech degree, candidates can specialise in one of the most cutting-edge fields of finance, studying blockchain applications, digital currencies, machine learning, and Big Data. Cybersecurity, Blockchain, Compliance and Risk, Quantitative Analytics, and Artificial Intelligence are among the top FinTech careers for graduates. FinTech has evolved over the years, and graduates can now choose to work in tech-focused areas or a variety of other fields such as operations, marketing, and sales.
Types of MBA Fintech Courses
MBA degrees are available in a variety of formats, ranging from full-time to online degrees that may be completed from the comfort of one’s own home. Each style of MBA provides the opportunity to gain a comprehensive understanding of business and FinTech, but which should a person pursue? Here is an overview of the various types of MBA FinTech programmes available:
- Two-Year Full-time MBA: One of the most prevalent MBA programmes is a two-year full-time programme. Enrolling in a two-year MBA FinTech programme allows individuals to hone their essential business abilities while delving into specialised themes. The first year will cover fundamental topics such as strategy, communication, finance, and marketing. During elective modules and focus periods in year two, students will also have the opportunity to concentrate on topics of their choice. They will also have the opportunity to participate in a summer internship, which can sometimes lead to a full-time employment offer following graduation.
- Part Time MBA: If candidates want to study for an MBA but do not want to spend time away from their job, a part-time MBA FinTech may be the ideal choice. Part-time MBA programmes give working professionals the freedom to design a curriculum that fits their schedule. Students frequently complete their degrees over a long period, ranging from 2 to 5 years or more. Alternatively, candidates can enrol in MBA FinTech with a weekly schedule of evening or weekend classes, allowing them to complete the programme.
- Online MBA: Online MBA programmes allow students to earn degrees from the comfort of their own homes, anywhere in the world. Online MBA FinTech programmes will cover the same subject as conventional MBA programmes and will be taught by the same faculty. They do, however, have the added benefit of providing a flexible learning environment. Students can complete lessons when it is convenient for them and study for a prolonged length of time, similar to a part-time programme.
- Executive MBA: Executive MBA programmes are designed for mid-career professionals who want to advance into leadership positions. Because there is a strong emphasis on the experience that each student brings, the MBA FinTech programmes require at least 5 years of work experience before applying. Part-time EMBA programmes are typically taught in the evenings or on weekends. This allows students to continue working and instantly apply their knowledge and abilities in their business as they progress.
MBA Fintech Course Eligibility Criteria
To be admitted to the MBA FinTech programme, students must meet the basic eligibility criteria. These are the eligibility requirements:
- Candidates must have a Bachelor’s Degree in BE/B.Tech/BCA or any other related degree with a minimum of 60% aggregate marks from a recognised university.
- Aside from that, students must pass an MBA entrance exam such as the CAT/XAT/GMAT/NMAT/MAT, etc. with a high score to be admitted.
- There is no upper age limit for entrance to any management programme like MBA FinTech.
What is the MBA Fintech Course Fee?
MBA in Financial Technology course fees in India depends on several factors, including the type of university (whether government or private), the duration of the programme, location, course content, rating, reputation/goodwill, and more. The chart below depicts the expected annual average fees for MBA FinTech programmes at some of India’s most renowned institutes:
| Name of the College/Institute | Average Course Fees in INR |
|---|---|
| Birla Institute Of Technology And Science | 55,000 per semester |
| D. Y. Patil International University | 8,00,000 |
| Pondicherry University | 32,000 |
| IILM University | 8,10,000 |
| ITM University | 10,45,000 |
| Indira Gandhi National Open University (IGNOU) | 37,800 |
| Jain University Online | 12,00,000 |
| Vignan’s University for Science, Technology & Research | 1,70,000 |
| Online Manipal | 1,50,000 |
| Chandigarh University | 5,96,000 |
| KL University | 10,00,000 |
| Sri Sri University | 1,65,000 |
| MIT World Peace University | 3,90,000 |
| Delhi School of Business | 4,38,000 |
| Pune Institute of Business Management | 7,95,000 |
| GITAM Institute of Management | 1,50,000 per semester |
MBA Fintech Course Syllabus
The MBA FinTech course syllabus varies from one university to university. However, this course’s general syllabus is as follows:
First Year
| Semester 1 | Semester 2 |
|---|---|
| Financial System in India | Strategic Financial Management |
| Financial Statement Analysis and Reporting | Investment Management |
| Fundamentals of Data Analytics | Digital Marketing and CRM |
| Management Concepts and Organisation Behavior | Advanced Data Analytics |
| Programming with Python and R | Financial Technology Services & Management |
| Financial Information System with Big Data | Business Intelligence |
| IT Lab -1 Programming Lab using Python and R | IT Lab -2: BI Lab |
| Fin Lab – 1 Data Analytics Lab | Fin Lab – 2 : Advanced Data Analytics Lab |
Elective Courses Available for 2nd Semester:
- Service Oriented Architecture
- Design Patterns
- Software Project Management
- Mutual Fund Management and Services
- Insurance and Risk Management
- Marketing Analytics
Second Year
| Semester 3 | Semester 4 |
|---|---|
| Design and Critical Thinking for Business Strategy and Startups | Global Financial Markets and Instruments |
| Derivatives and Risk Management | Machine Learning |
| Human Resource Management | Final Project and Viva |
| Legal Aspects of Business and Financial Regulations | – |
| Financial Information Security and Privacy | – |
| System Analysis and Design and Agile Software Development | – |
| IT Lab – 3: Development of Fintech Solutions using Agile Methodology | – |
| Fin Lab – 3: Corporate Finance Lab and Data Visualisation | – |
| Summer Internship | – |
Elective Courses Available for 3rd Semester:
- Artificial Intelligence
- Blockchain and Cryptography
- Data Visualisation and Reporting
- Credit Risk Management
- Capital Market Operations
- Financial Modelling using Spreadsheet
Elective Courses Available for 4th Semester:
- Cyber Security and Forensic
- Information System Control and Audit
- Natural Language Dialoguing and Chatbots
- Social Media Analytics
- Fixed Income Securities and Treasury Management
- Forex and Currency Derivatives
- Corporate Governance & Business Ethics
- Project Management
MBA Fintech Scope in India – Higher Studies, Career and Job Prospects
MBA in FinTech is a programme designed to bridge the gap between management and cutting-edge financial technology innovation and its applications in banking, finance, and insurance. Professionals who desire to work in management in the information technology or financial technology sectors can consider taking an MBA in Financial Technology as an option.
It will provide students with the much-needed career boost they require in terms of earning potential and getting access to this quickly evolving field. This will explain blockchain, design thinking, digital advising, trading systems, artificial intelligence and machine learning, equity crowdfunding, peer-to-peer financing, and mobile payment systems, among other FinTech advances.
Scope for Higher Studies
Graduates of the MBA FinTech programmes can always continue their education in the same field. Students who complete this course may pursue the following short-term, postgraduate or doctorate courses:
- Certified Financial Planner
- Chartered Financial Analyst
- NCFM Certifications
- Company Secretery
- Chartered Alternative Investment Analyst
- Executive Programme in Algorithmic Trading
- Actuary
- Certified in Production and Inventory Management (CPIM)
- Quantitative Finance Course
- Financial Risk Management
- Financial Planning And Services
- PhD in Management
- MPhil in Management
Students who complete this course will be able to secure a high-paying career in the expanding FinTech startups, banks, and non-banking financial enterprises. After completing an MBA FinTech degree, an individual can find employment in a variety of businesses. The latest industrial revolution has resulted in an exponential expansion in the FinTech business, as have job prospects. The following are some job opportunities available after completing an MBA in FinTech:
| Job Profile | Job Description |
|---|---|
| Blockchain Experts & Developers | A blockchain developer is a software programmer who specialises in blockchain technology. A blockchain is a publicly accessible data storage method. Blockchain is the fastest growing FinTech business, and Bitcoin was created utilising this technology. |
| App Developers | An app developer’s job is to use their programming knowledge to create software and applications. As the demand for online payments and financial management has grown, so has the desire for new apps. App developers collaborate with coders and IT (Information Technology) teams to create a necessary application. |
| Financial Analysts | A financial analyst’s job is to forecast income and manage budgets. They evaluate the company’s performance and advise management on strategic decisions. |
| Data Scientists | A data scientist’s role is to transform raw data into meaningful insights that firms need to grow. These individuals sift through a big amount of data in order to design the necessary software. |
| Product Manager | A product manager is responsible for overseeing the full product development cycle. They are also in charge of identifying and marketing future FinTech products. |
| Cybersecurity Experts/Analysts | It is their obligation to ensure software system security throughout the development process. They search for flaws and dangers in software and hardware. |
| Compliance Experts/Analysts | A compliance expert’s role is to ensure that a corporation complies with conventional norms and regulations. They must be well-versed in the field and must enforce norms at all levels. |
| Risk Control Managers | They are in charge of risk management for a firm, its customers, shareholders, reputation, and assets. They examine an organisation’s threats and devise methods to avoid, transfer, or mitigate the risk. |
| Business Development Manager | A business development manager’s goal is to establish a plan that focuses on both client satisfaction and financial gain. Long-term research is conducted to discover current demands. |
| Data Specialists | A data specialist’s job is to convert information from hardcopy to digital format. They ensure that the data is correct and are involved in the entire converting process. |
What is MBA Fintech Salary?
Graduates with an MBA FinTech degree can expect to earn a starting salary of INR 4.5 lakhs to INR 8.7 lakhs per year, with the potential to earn INR 23-25 lakhs per year. In general, different job descriptions will pay varying amounts. Aspirants should keep in mind that this pay is not fixed and may vary depending on a variety of factors. The compensation of a graduate is impacted by factors such as designation, education level, experience, and location. The table below shows the average starting pay for MBA FinTech graduates in India:
| Job Profile | Average Annual Salary in INR |
|---|---|
| Blockchain Experts & Developers | 6-8 Lakhs |
| App Developers | 4-6 Lakhs |
| Financial Analysts | 5-6 Lakhs |
| Data Scientists | 10-12 Lakhs |
| Product Manager | 16-18 Lakhs |
| Cybersecurity Experts/Analysts | 11-13 Lakhs |
| Compliance Experts/Analysts | 10-11 Lakhs |
| Risk Control Managers | 12-14 Lakhs |
| Business Development Manager | 6-8 Lakhs |
| Data Specialists | 4-5 Lakhs |
Skills Required for MBA Fintech Course
Financial Technology or Fintech is one of the world’s fastest-growing and most sought-after industries. Fintech refers to emerging financial technology that has the potential to transform the market. The creation of the first credit card is a historical example of how Fintech changed the financial landscape. Today’s developments, such as digital purchasing, cashless payments, and internet banking, are primarily aimed at boosting customer and business efficiency. Fintech software includes all sorts of technology that strive to improve and automate the use of financial services.
Therefore, let us discuss some of the fintech skills that an individual will require after and during the MBA FinTech degree to ace up for their upcoming career:
- Blockchain and Distributed Ledger Experts
- Machine Learning Applications
- Knowledge of Artificial Intelligence (AI)
- DevOps and the Drive For Automation
- Data Science in Financial Services
- Cybersecurity Expertise
- Other Soft skills