MBA in Fintech – Course, Subjects, Syllabus, Fees, Salary & Scope

A speciality in MBA Finance, Fintech Management is a developing field that seeks to solidify the relationship between technology and finance and minimize the gap. An MBA in Fintech Management is geared towards making the daily act of financial transactions a less cumbersome process.

As Fintech seeped into the everyday lives of people, it has smoothened how financial transactions take place. Therefore, it naturally became an urgent field of work.

What is an MBA in Fintech?

An MBA Fintech means combining the latest tools in financial technology with core financial principles. One can learn about the various Fintech products like credit cards, neobanks, debit cards, digital wallets, and peer-to-peer payment apps like PhonePe, GooglePay, etc.

An MBA in Fintech separates specialists from the ones pursuing a general MBA or MBA in Finance. It requires a lot more involvement with technology and the courses are handcrafted by industry experts to keep up with the current trends.

Why Pursue an MBA in Fintech?

An MBA in Fintech holds a significantly bright future career-wise. As the world shifts towards complete cashless transactions, Fintech Management is bound to grow, develop, and find new and innovative ways to ease into that method. Exciting jobs like Wealth Manager, Credit Analyst, Compliance Team Manager, etc., are also increasing in demand.

Moreover, from 2019 to 2023, the Fintech sector has inflated from 39 unicorns to 272 unicorns; depicting the tremendous growth and potential in this field. The market cap has also grown from $2 trillion in 2023 and is expected to reach up to $10 trillion by 2026.

The MBA Fintech salary of an employee depends on various factors such as location, designation, experience, and education level. It, however, ranges somewhere from 4.5 LPA to 15 LPA.

MBA Fintech Course Eligibility Criteria

To pursue an MBA in Fintech from MBA ESG Business School India, one needs to graduate from any stream with 50% or above across academics.

For Final-year graduates, they must score 50% or above in their graduation score.

MBA Fintech Course Syllabus

Each institute has its unique curriculum design, however, here is a general breakdown of the course syllabus for an MBA Fintech:

  1. Foundation of Financial Technology with modules like Fintech primer, Machine Learning & AI, Banking Landscape etc.
  2. Advanced Technology which has modules like Blockchain and Cryptography, P2P lending, cybersecurity etc.
  3. Other alternatives: Focus on banktech, Insurtech, Regtech, robo advisory etc.
  4. Industry immersion and practical application: Internships, live-projects, workshops and more.

What is the MBA Fintech Course Fee?

The student can expect when you apply to an institute in India. Structure:

  1. Tuition costs: Average of INR 8 – 20 LPA
  2. Additional cost: Average of INR 20,000– 1,00,000 one-time cost based on the additional resources provided. (Books, study material, library access and more)

Students can also apply towards scholarships offered by their choice of MBA school. These costs may vary from college to college.

What are the Key Skills Gained in an MBA in Fintech Program?

An MBA in Fintech will help you garner the following traits:

  • A holistic understanding of communication between two applications (APIs) that enable data sharing. It is the core principle behind automated fund transfers.
  • An in-depth knowledge of blockchain technology and Cryptocurrencies.
  • An understanding of Financial Modelling. It will help them assess investment opportunities and make business strategies.
  • They will have a detailed knowledge and understanding of how online payment platforms function. Digital payments, mobile wallets, contactless payments, and cross-border transactions will be covered.
  • Business Strategy and Leadership Skills.
  • Cybersecurity – Professionals will know how to keep systems secure. It is an imperative measure due to the increasing number of users and transactions.
  • It will help professionals learn about analyzing large sets of financial data to gain valuable insights. It is a key skill of Fintech Product Managers.
  • Risk Management and Problem-Solving are also two very important skills a Fintech Manager will learn about.

Scope & Career Opportunities with an MBA in Fintech

After pursuing an MBA in Fintech, one has a bright future in any of these fields:

  • Cybersecurity Analyst
  • Banking and Payments Analyst
  • Blockchain Developer
  • Compliance Team
  • App Developer
  • Crypto Analyst/Manager
  • Wealth Management
  • Financial Analyst/Consultant
  • Risk Analyst/Manager
  • Fintech Product Manager
  • Credit Analyst
  • UX/UI Designer
  • Stock Trading
  • Fintech Lenders

The Future of Fintech and the Role of an MBA Graduate

The Fintech industry, at large, is estimated to grow exponentially up to $150-160 billion by 2025. By 2030, it might surpass $882 billion. Digital transactions will grow from $2 trillion to $10 trillion by 2026. The number of Insurance companies has multiplied by 5 times since 2019-2022, and India is now the 3rd largest country in Fintech. Hence, an MBA in Fintech in India is also a sought-after specialization course in multiple colleges. MBA ESG provides certain perks of its own.

The role of an MBA graduate will be to fill up the increasing demand for jobs in various Fintech sectors. Currently, more than 2,100 startups exist in the Fintech industry, and 67% of those were formed in the last 5 years. Demonetization in India further propelled the growth of the Fintech industry. Therefore, an MBA graduate is expected to learn all the tricks and trades of the booming Fintech market and its many sectors.

How to Apply for an MBA in the Fintech program?

To pursue an MBA in Fintech, an individual has to pass the required entrance tests to apply for these programs, which include CAT, XAT, SNAP, or NMAT, and have a bachelor’s degree with at least 50% marks.

Frequently Asked Questions

1. Is an MBA in Fintech worth it?

An MBA in Fintech is more than worth it; it is actually one of the top draws in the job market in the coming future. With the booming Fintech industry, rise in startups, and over-reliance on cashless transactions and fund transfers, the demand for Fintech jobs will likely rise exponentially.

2. What is the difference between an MBA in Fintech and a traditional MBA?

An MBA in Fintech is different from a regular MBA or even an MBA in Finance since this is a specialization course that specifically focuses on Finance and Technology, and how to blend the two to ease our financial lives. The program is designed by dedicated industry experts, keeping in mind the current industry trends such as cryptocurrency, blockchain, financial modelling, Big Data, etc.

3. What is the average salary of a Fintech MBA graduate?

The average salary of a Fintech MBA graduate ranges somewhere between 6 LPA and 9 LPA.

4. How long does it take to complete an MBA in Fintech?

It takes 2 years (24 months) to complete an MBA in Fintech if one is pursuing full-time. For a part-time MBA, the duration depends on the University enrolled in.

5. Why should I consider MBA ESG?

MBA ESG ranked among the top 20 business schools in Europe and the top 4 in Paris. MBA ESG, a has over 35 years of legacy has partnered with Alliance University, Bangalore for their cutting-edge MBA for India. This arrangement provides students an excellent opportunity to obtain double certification — a degree from Alliance University and an MBA ESG Paris certification that is recognized worldwide.

Practical learning, industry exposure, and global insights are the focus of the MBA program that ensures students would be prepared for leadership roles. Topping that up MBA ESG provides a placement support to all our students across campuses. The placement rate has been above 80%, with the higher packages reserved for most of them.

Author: SEO Team