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Quick facts


Duration
2 years full-time

MBA in Banking & Finance

The Indian Banking Industry has also witnessed rapid growth in the last few years and is poised for a quantum leap in the coming decade, with the growing Indian economy. To champion this momentum, there is requirement of a new generation of bankers, who need to be identified, nurtured and transformed as business leaders in the coming years and serve the process of building India.

This economic growth would call for financial support for the rapid and widespread infrastructure development, greater understanding of the dynamics and need of small and medium enterprises as they leap forward to become large corporates, specialized risk management to deal with global dynamics i want to buy an essay and the globalised face of banking and efficient technology platforms to facilitate safer, quicker, trouble free and error free banking transactions for the customers. Thus in order to be equipped to supplement the growth story, the Banking Industry would require top class business leaders who can display higher degree of knowledge, skills, business acumen and people management expertise.

A key driver to fuel the India growth story would be a paradigm change in our Education system. Generic academic courses would need to pave the way for industry oriented programs that equip the students with the knowledge and skills to be able to make a mark on the first day, thereby reducing the gestation period between theory and industry practice.

Our MBA program in Banking & Finance aims to provide MBA (Banking & Finance) to professionals, who demonstrate an aptitude for the banking industry, to get identified and nurtured as business leaders.

The two-year curriculum is aligned with the banking industry. The unique design of our program focuses on providing a high degree of industry exposure, by academic and functional experts, from the financial domain and banking industry. The program has this much-desired blend, wherein the students will undergo the industry-linked internship at various financial institutions especially Banks for a period of six months every year during the two- year course duration.

Why study the MBA in Banking and Finance?

Financial systems and financial services firms’ strategies are now involved in a fundamental, far reaching process of realignment and change. The strategic priority of banks and other financial institutions has shifted away from growth and size alone towards a greater emphasis on profitability, performance and shareholder value creation. The growing economic importance of financial sectors has also re-emphasised that bankers, fund managers, multinational companies, securities firms, regulators and financial advisers must have a clear understanding of the theory and practice relating to banking and finance.

Who should consider studying MBA in Banking and Finance?

The course will be of interest to the following people:

  • Graduates contemplating a career in the banking and financial services industry.
  • Graduates who have professional experience in the financial sector.
  • Managers and accountants in public and private organisations who wish to develop their financial management skills.
  • Managers employed in the financial services industry.
  • Graduates who have relevant practical experience and wish to enhance their skills in the areas of banking & finance.
  • Finance professionals (like corporate treasurers and accountants) who deal with the financial services industry.

PROGRAM STRUCTURE

Our MBA program in Banking & Finance aims to produce strong finance professionals as per the latest requirements of Industry. The program will develop the students in business disciplines, helping participants to acquire the key competencies needed by all MBAs. These major courses enhance the ability to communicate, analyze situations and take decisions using quantitative and qualitative factors, and to develop a holistic view of the different functional areas and the business environment. During this period, students take courses in general management and major functional areas, such as Corporate Finance, Banking Operations, Mergers & Acquisitions, Business Valuation, Strategic Financial Management, Sales Management in Banking, IT in Banking etc.

Academic Framework – MBA (Banking & Finance)
Our MBA program is 2-year full time classroom program having 7 terms of 3 months duration each. Each course will be covered in 36 hrs-48 hrs spread across 12-15 days. Each course will then enable a student to earn 2 credits. For successful completion of the course leading to award of degree, every student is expected to earn upto 120 credits. Some of the subjects that will be covered during the program are:

  • Marketing Management
  • Financial Accounting
  • Organisational Behaviour & Management Principles
  • Economics for Managers
  • Statistics for Managers
  • Corporate Communication
  • Cost & Management Accounting
  • Human Resource Management
  • Business Research Methods
  • Business Ethics
  • Commercial Banking
  • Banking Operations Management
  • Corporate Finance
  • Investment Banking
  • Wealth Management
  • Financial Management
  • Management of Financial Services
  • Applied Operations Research
  • Digital Marketing
  • Credit Analysis & Advances
  • Management of Financial Services
  • Derivatives & Risk Management
  • Financial Markets & Instiutions
  • Strategic Management
  • Venture Capital & Private Equity
  • Customer Relationship Management
  • International Finance
  • Rural Finance & Business Management

Banking & Financial Industry in India

The growth story of the Indian Economy is on course despite temporary setbacks owing to specific global and local factors. India has been growing at around 7% to 9% in the last few years while developed Western economies are growing at less than 4%.

India, along with emerging economies like China, Brazil and Russia are expected to power the global economy in the next few decades. Factors like liberalization, globalization and the emergencies of a strong and aspirational middle class are the key underpinnings of this development and these factors are here to stay. Such high economic growth will have a massive positional growth impact on the banking industry.

The pace of development for the Indian Banking Industry has been tremendous over the past decade. Many private sector banks have shown aggressive growth and achieved scale and visibility through customer focus and innovation. Many public sector banks have implemented clear transformation and growth strategies. The future growth prospects of India’s banking sector remain high, bolstered by sound economic growth prospects.

The Banking Industry is expected to grow at a healthy rate of over 20% for the next 2 to 3 years. While Retail banking will be the key growth area for banks, other areas like Corporate Credit, SME Banking, cross selling of other financial products and services like Insurance, Mutual Funds, fee-based sources of income and technological upgradation will also be key growth drivers. The stress will be on expansion of branches and financial inclusion.

Manpower Requirement of the Banking Industry
Banking, one of the fastest growing segments of the economy, too faces challenges of scarcity of resources and skilled manpower. Such skilled manpower is not easily available in adequate numbers to meet the growing requirements of the Banking Industry due to normal attrition, competition and faster growth in business. The position is going to exacerbate further for the banking system as a whole, due to superannuation of many experienced bankers in the Public Sector during the current decade.

With only 30-35% of the population financially included, the Indian public is still underserved by formal banking. This will lead to issue of new banking licenses and formulation of innovation model to serve the people which are not covered by traditional banks. With the planned announcement of new licensing policy, more banks are expected to be established and requirements of manpower with the requisite skill set are expected to increase many-fold. There is thus a large current as well as the future demand for trained manpower in banking.

The banks will require a large number of people trained not only for specific skills in the banking domain but more importantly in customer service skills, selling skill, banking application software skills and an infectious positive attitude. In short, a modern banking professional for the modern banking sector is the need of the hour.

Growth of Allied Industries
Allied to the Banking Industry, India’s financial services sector will enjoy generally strong growth during
coming years, driven by rising personal incomes, corporate restructuring, financial sector liberalization
and the growth of a more consumer-oriented, credit-oriented culture. This will lead to increasing
demand for financial products, including consumer loans (especially for cars and homes).

Large amount of savings are likely come to the capital markets through direct investments in equities or money flows through mutual funds as well as through insurance and pension products. Hence, there is a crying need for a large pool of New Age professionals with a good understanding of the functioning of equities, commodities and derivatives.

India’s Insurance sector has come full circle from being an open competitive market to nationalization and back to a liberalized market again. With the recent changes in the regulatory guidelines, the industry is maturing. Many private sector insurance players have broken even and moved to profits.

Powered by an economy which is slated to grow at 7% to 9% and the fact that India is under-penetrated in insurance. This industry is also expected to have a healthy growth of over 15% in the next 3 to 4 years.

The industry will witness extensive action to reach to large untapped markets and launch innovative products thus paving way for more trained insurance manpower.

Talent Gap in the Banking Sector
In the next 5 years, commercial banks will have to recruit almost 7.5lakh people. That means in 5 years’ time, more than 60 percent of the staff working in banks will be new and only 40 percent will be experienced.

SPECIALISATION in CORPORATE FINANCE & INVESTMENT BANKING

Corporate Finance responsibilities often include financial planning and analysis, with professionals forecasting company revenue and expenses. Analysts often partner with key executives in different functions and divisions to advise them on compliance, budget, head count, investment, and other financial matters. For treasury roles, the work may include evaluating financing options and collaborating with proposal paper ideas banks to raise and invest capital. The treasury department could also be entrusted with managing risk for currency and commodity exposure. Corporate development responsibilities for finance professionals may include mergers and acquisitions, as well as new-business opportunity analysis.

The Financial Modeling & Valuation Module is designed for careers in Corporate Finance across various financial services roles like M&A, Private Equity, Equity Research, Business Analysis, Business Modeling, Start Ups, Budgeting, Financial Control and Financial Operations. After completing this functional skill building program, you will gain an in-depth understanding of how to build robust and dynamic financial models with a special focus on forecasting and industry research while mastering advanced excel and the complete art/science of valuation.

The program provides an edge through our unique case study methodology focusing on real life business scenarios. Our initial core modules will use detailed excel workbooks with real life examples to compare and contrast concepts across companies leading to a thorough understanding. In addition to the experienced faculty, the program will feature interaction with senior industry mentors from corporate finance, whose experiences will deepen the understanding of the course material.

Some of the important modules covered under this program are:

  • Overview of financial statements
  • Profit Metrics Ratios Introduction
  • Revenue Modeling
  • Modeling Capex
  • Modeling Interest Expenses
  • Taxation Overview
  • Modeling current tax and deferred tax
  • Overview of fx, risk and hedging
  • Basic vs diluted EPS
  • Identifying dilutive EPS and modeling
  • Divident decisions and modeling

Mergers and Acquisitions- Valuation Challenges / Dilution Analysis
Private Equity- Overview / Deal Structuring
Leveraged Buy out- Modeling pay-in and pay-outs in LBO
Project Financing-Funding options for project finance / Structuring project finance transaction
Project cash flows vs equity cash flows / Basic approaches to valuation / Relative valuation / DCF
Transaction Computation / DCF Valuation Sensitivity Analysis

CAREER OPTIONS IN CORPORATE FINANCE & INVESTMENT BANKING

ANALYST ASSOCIATE ASSOCIATE VP VP DIRECTOR
Modeling / Industry & Company Research / Equity Research Advanced Financial Analiysis / M&A Modeling Client Interaction and Advanced Financial Analysis Relationship Management and Orgination Business Development Equity Research Mutual FundManager

Accelerated Career Path
Develop a fast-paced career path, which is both financially and professionally rewarding. The global skillsets acquired through a career in financial services enables you to take on a variety of roles and leadership positions across large corporates, start ups, investment banks, buy side funds and new age e-commerce companies.

End-to-End Understanding across Domains
In-depth exposure to every aspect of Financial Modeling and an enhanced understanding of Valuation. Our intensive focus help you gain an understanding of various functions and projects across multiple domains like Private Equity, Equity Research, Credit Research, M&A and Corporate Finance while mastering Excel and helping you deliver world-class solutions to your clients while enabling your organization to achieve its goals.

Global Mobility and Exposure
There is no better way to see the world than a job in financial services as you work with global teams and clients to develop strategy and do analysis that enables decision making. Your role will encompass data gathering, documenting,
analysing, and recommending solutions while working closely with a variety of diverse stakeholders.

CAREER OPPORTUNITIES IN FINANCIAL SERVICES

With an MBA and a specialisation in Banking & Finance, opportunities in the corporate world are greatly enhanced. Graduates are typically found in the following employment:

  • Financial institutions (banks, NBFCs and insurance companies)
  • Large and small sized industrial firms (which may be manufacturers of automobiles, steel, household appliances and electronic equipment)
  • Service-oriented firms (electric power, real estate and retail firms)
  • Non-profit enterprises (universities, labor unions and foundations) and private businesses.

Intensive Focus on Banking and Finance
Finance is the life blood of business. Given that finance drives business, this makes financial specialists
integral to every major business decision. As business activities expand globally and transactions become
increasingly complex, finance professionals are challenged to analyze and report these activities in ways
that produce meaningful information for investors, managers, lenders, and other stakeholders.

Banking and Consulting are two major industry segments always looking forward to Banking & Finance
Professionals. Our program equips the students to handle job responsibilities such as Banker, financial
analysis, cash management, wealth management, securities analysis and trading, treasury operations,
retail banking and assets acquisition activities.

Our MBA program in Banking and Finance focuses largely on:

  • Corporate Finance
  • Strategic Financial Management
  • Valuation Models
  • Investment Banking & Portfolio Management
  • Banking & Operations Management
  • Modern Banking & Technology

STRONG CAMPUS RECRUITMENT

Some of the major companies who have recruited our banking & finance students in the previous years are:

  • Resurgent India Ltd.
  • DLF
  • Hero Reality
  • Market Connected
  • Motilal Oswal, Gurgaon
  • Ascent Technologies
  • Knight Frank
  • Motilal Oswal
  • Resurgent India Ltd.

Admission Information

Eligibility

  • The candidate should have completed the Bachelor’s Degree with minimum of 50 % aggregate marks in any stream from a recognized university.
  • The candidate appearing in the final year examination can apply but the candidate must have secured minimum 50% (aggregate) marks till the previous year’s examination.
  • However, the candidate must submit his/her graduation completion certificates by September 30, 2017 failing which he/she shall be de-registered.

  • Candidate having compartment in any subject will not be considered.
  • Having work experience is not a requirement for admission to the program.

Selection Process
Admission to the MBA Program at Chitkara Business School is based on the merit ranking in CAT / MAT / NMAT / XAT / CMAT score followed by group discussions and personal interview. Applicants who have not taken any of the above mentioned entrance examinations shall have to take Chitkara University Test with group discussions and personal interview. Decision of the jury will be final.

Admission Procedure
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