MBA in Fintech: Course Details, Top MBA Fintech Colleges, Scope

MBA Fintech (Financial Technology) is a specialized master’s degree program that focuses on the intersection of finance and technology. The term “fintech” describes the creative application of technology to the development and administration of financial services and goods. This field encompasses a wide range of applications, including digital payments, peer-to-peer lending, blockchain technology, robo-advisors, mobile banking, and cybersecurity in financial services, among others.

An MBA in Fintech program is designed to prepare students for leadership roles in the rapidly evolving fintech industry, which is disrupting traditional financial services and creating new business models.

MBA in Fintech programs cater to individuals interested in the intersection of finance and technology, offering them a deep understanding of both domains and preparing them for leadership roles in the rapidly changing fintech landscape.

MBA in Fintech in India

MBA in Fintech in India
Table of Contents

    Scope of MBA in Fintech in India

    The scope of MBA in Fintech in India is promising and rapidly expanding due to the growing adoption of digital financial services, technological advancements, and government initiatives promoting a cashless economy. Here are several aspects that highlight the scope of MBA in Fintech in India:

    1. Increasing Demand for Fintech Professionals:

    • Fintech companies, traditional financial institutions, startups, and technology firms are actively seeking skilled professionals who understand both finance and technology. MBA in Fintech graduates are well-equipped to fill these roles.

    2. Startup Ecosystem:

    • India has a vibrant fintech startup ecosystem, with numerous startups focusing on digital payments, peer-to-peer lending, robo-advisory, blockchain technology, and more. MBA in Fintech graduates can find exciting opportunities in these innovative ventures.

    3. Digital Payments Revolution:

    • India has witnessed a significant push towards digital payments, especially with initiatives like Unified Payments Interface (UPI) and digital wallets. Fintech professionals are crucial in driving this digital payments revolution forward.

    4. Financial Inclusion Efforts:

    • Fintech plays a vital role in promoting financial inclusion by providing accessible and affordable financial services to unbanked and underbanked populations. MBA in Fintech graduates can contribute to these efforts through innovative solutions.

    5. Regulatory Environment:

    • The regulatory environment in India is evolving to support fintech innovations. Professionals who understand the regulatory landscape and compliance requirements are in high demand, making MBA in Fintech graduates valuable assets for companies navigating these regulations.

    6. Data Analytics and Artificial Intelligence:

    • Fintech companies leverage data analytics and artificial intelligence for risk assessment, fraud detection, customer insights, and personalized financial services. MBA in Fintech professionals with expertise in these areas are highly sought after.

    7. Partnerships with Traditional Financial Institutions:

    • Many traditional banks and financial institutions are partnering with fintech companies to enhance their digital offerings. Fintech professionals are instrumental in creating and managing these collaborations.

    8. Consulting Opportunities:

    • Consulting firms specializing in financial services and technology actively seek experts in fintech. MBA in Fintech graduates can pursue consulting roles, advising businesses on fintech strategies and implementations.

    9. Global Opportunities:

    • Fintech is a global industry, and professionals with expertise in this field can explore international job opportunities, especially in countries with advanced fintech ecosystems.

    10. Academic and Research Roles:

    • Fintech professionals with advanced degrees such as an MBA in Fintech can contribute to academia and research by teaching, conducting research, and shaping the future of the fintech industry.

    Types of MBA in Fintech Study Options

    There are several modes to Study MBA for an Aspiring Candidate. The Following are the Types of MBA in Fintech Options Available.

    Full-Time MBA

    Features: Full-time MBA programs are intensive and immersive, hence providing a comprehensive curriculum. Students attend classes on campus, participate in group projects, and often have access to internships also. This mode is suitable for individuals looking for a traditional MBA experience basically without the constraints of a job.

    Eligibility: 50% marks in graduation basically from Recognize University along with valid Entrance Exam.

    Duration: 2 Years.

    Fee Structure: Rs 2.0 Lacs – 18 Lacs.

    Part-Time MBA

    Features: Part-time MBA programs are for working professionals. Classes are often scheduled during the evenings or on weekends, allowing students to continue working while pursuing their Masters degree. This mode is ideal for those who want to balance work, life, and education as a result.
    Eligibility: Basically a Graduate along with Minimum 2-3 years work experience.
    Duration: 2-3 Years.
    Fee Structure: Rs 2.5 Lacs – 8 Lacs.

    Executive MBA (EMBA)

    Features: EMBA programs are tailored particularly for experienced professionals, usually with a minimum number of years of work experience (varies by program). Classes are usually on weekends or in intensive modules, allowing executives to continue their careers while enhancing their leadership and managerial skills. EMBA programs often emphasize real-world applications and case studies.
    Eligibility: Graduate with Basically Minimum 2-3 years work experience.
     1-2 Years.
    Fee Structure:
     Rs 3.5 Lacs – 10 Lacs.

    Distance Learning MBA

    Features: Distance learning MBA programs are basically off campus Studies. Hence provide course materials to students, who study independently. All Communication with instructors and peers is primarily through mail, email, or online forums. Additionally Examinations are conducted at designated centers. Therefore, this mode is suitable for individuals who require complete flexibility and cannot attend regular classes.
    Eligibility: Basically a Graduate from any Discipline from an UGC Approved University.
    Duration: 2-3 Years.
    Fee Structure: Rs 1.0 Lacs – 3.0 Lacs

    Dual MBA Programs

    Features: Dual MBA programs allow students to earn two degrees simultaneously, often in collaboration with international universities. Having Credit transfer facility in 2nd year in choice of University Abroad. Also in different disciplines such as MBA/MS or MBA/MPH or PGDM/MBA. Hence these programs are more specialized and can provide a broader skill set along with Practical Exposure.
    Eligibility: 50% marks in graduation basically from a Recognize University along with valid Entrance Exam.
    Duration: 2 Years.
    Fee Structure: Rs 10. Lacs – 30 Lacs.

    Online MBA

    Features: Online MBA programs are entirely taught over the internet. However, students can access lectures, assignments, and resources remotely, allowing for a flexible study schedule. This mode is suitable for individuals who require the flexibility to study from anywhere, often while working full-time or managing other commitments.
    Eligibility: Graduate basically from Any Recognize University.
    Duration: Minimum 2 years, Maximum 4 years from the date of registration.
    Fee Structure: Rs 1.0 Lacs – 2.5 Lacs

    Accelerated MBA

    Features: Accelerated MBA programs are also known as fast-track or one-year MBA programs. Moreover these programs are highly intensive, condensing the traditional two-year curriculum into a shorter timeframe. Hence. These programs are demanding and require full-time commitment, making them suitable for individuals who want to complete their MBA quickly. Also the students in accelerated MBA programs typically take a heavier course load each semester and may have limited breaks between terms.
    Eligibility: Basically a Graduate along with Minimum 2-3 years work experience
    Duration: 1 year.
    Fee Structure: Rs 2.0 Lacs – 8 Lacs.

    MBA in Fintech Eligibility in India

    The following are the basic eligibility criteria for Securing admissions to the MBA Fintech course are:

    Educational Qualifications:

    • Bachelor’s Degree: Applicant require to have a bachelor’s degree in any discipline from a recognize university or college from Either India or Abroad.
    • Minimum Percentage: Many institutions require a minimum of 50 percentage or grade point average (GPA)equivalent in the undergraduate degree. The specific percentage or GPA requirement varies among institutions along with other Cut off Parameters.

    Entrance Exams:

    • CAT/MAT/XAT/CMAT/ATMA/CUET: Most MBA programs in India require candidates to Either take one of the national-level management entrance exams or State level Entrance, National levels such as CAT (Common Admission Test), MAT (Management Aptitude Test), XAT (Xavier Aptitude Test), or CMAT (Common Management Admission Test). State level such as PGCET, MHCET, IPCET. Hence, different institutions may accept different exams, Also most of all Colleges have different Cutoff for Admission in MBA Fintech.
    • Minimum Percentile/Score: Basically the Institutions usually have a minimum percentile or score Cut off requirement in these entrance exams for candidates to be eligible for admission. The minimum percentile/score varies by institution and can be different for each category of students also (General, SC/ST/OBC, etc.).

    Work Experience (Varies):

    • Some MBA programs may require work experience: While many MBA programs accept fresh graduates, some institutes, especially for executive MBA programs, Therefore require a minimum number of years of work experience, often ranging from 1 to 5 years.

    Reservation Criteria:

    • Indian institutions follow the government’s reservation policy, which includes quotas for different Category Students. Such as Schedule-Castes (SC/ST), Other Backward-Classes (OBC), Economically Weaker Sections (EWS), and other categories. Although Candidates belonging to these categories Usually have specific relaxations in eligibility criteria also. Minimum 5% Relaxation in Graduation percentage and varied Entrance Exam Cutoff are usually Given depending upon the Institute.

    Personal Interview and Group Discussion:

    • Most of all institutions conduct stringent personal interviews and/or group discussions as part of the selection process. Therefore, the performance in these sessions is often considered while making final admission decisions by the Institute Admission Panel.

    Statement of Purpose (SOP) or Essays:

    SOP or Essays: Many a Times Applicants are often require to write a Statement of Purpose (SOP) or essays. Hence Explaining their motivation for pursuing an MBA, career goals, and why they are interested in the specific MBA program they are applying to.

    List of Top Indian Universities Offers MBA FinTech to Secure High Paying Career in Finance

    List of Top Indian Universities Offers MBA FinTech to Secure High Paying Career in Finance
    Indian Universities Offers MBA FinTech to Secure High Paying Career in Finance

    India is home to several prestigious MBA colleges that offer specialize programs in Fintech. However, the ranking of these colleges can vary on different surveys and criteria. so it’s always a good idea to research and consider multiple sources before making a decision. Following are some of the top MBA colleges in India known for their Fintech programs:

    1. IILM University, Greater Noida
    2. BITS Pilani
    3. Chandigarh University, Mohali
    4. Pondicherry University, Puducherry
    5. D Y Patil International University, Pune
    6. Pune Institute of Business Management, Pune
    7. Kristu Jayanti College, Bengaluru
    8. IILM University, Gurugram
    9. DIT University, Dehradun
    10. Ajeenkya DY Patil University, Pune
    11. Sri Sri University, Godisahi, Odisha
    12. Savitribai Phule Pune University, Pune
    13. Delhi School of Business, Delhi
    14. Apex University, Jaipur
    15. Geeta University, Sonepat
    16. Aim Gujarat University, Ahmedabad
    17. Firebird Institute of Research in Management, Coimbatore
    18. Chitkara University, Chandigarh
    19. Indian Institute of Technology, Jodhpur
    20. GD Goenka University, Gurugram
    21. GITAM University, Visakhapatnam, Hyderabad, Bengaluru
    22. Symbiosis School of Banking and Finance, Pune
    23. Bengal College of Engineering and Technology, Durgapur
    24. Taxila Business School, Jaipur
    25. ITM Skill University, Mumbai
    26. Jawaharlal Nehru Technological University, Anantapur
    27. Kristu Jayanti College, Bangalore
    28. S. P. Jain Institute of Management and Research, Mumbai
    29. NSE Academy, Mumbai
    30. Takshashila University, Villupuram

    Entrance Exams for MBA in Fintech

    In India, several national and state-level MBA entrance exams are conducted for admission to MBA programs, including for MBA in Fintech. Therefore these exams are widely accepted by various business schools across the country (India). Following are some of the prominent Mandatory MBA entrance exams in India:

    National Level MBA Entrance Exams:

    1. Common Admission Test (CAT):
      • Conducted by: Indian Institutes of Management (IIMs).
      • CAT is basically one of the most popular and competitive MBA entrance exams in India, accepted by numerous top-tier business schools.
    2. Management Aptitude Test (MAT):
      • Conducted by: All India Management Association (AIMA).
      • MAT is conducted four times a year and is also accepted by a wide range of management institutes across India.
    3. Xavier Aptitude Test (XAT):
      • Conducted by: XLRI Xavier School of Management, Jamshedpur.
      • XAT is also accepted by more than 150 B-schools in India and is known for its rigorous examination pattern.
    4. Common Management Admission Test (CMAT):
      • Conducted basically by: National Testing Agency (NTA).
      • CMAT is accepted specifically by AICTE-approved institutions and universities across India. Whereas, MBA institutes of national importance in India does not accept CMAT Scores.
    5. Graduate Management Admission Test (GMAT)
      • Conducted by: Graduate Management Aptitude Council (GMAC).
      • In India, more than 400+ business schools offering MBA/PGDM accept GMAT results. Subsequently, these include the Most prominent B Schools like the Indian School of Business, IIM Ahmedabad, IIM Bangalore, IIM Calcutta, and the Institute of Management Technology (IMT), among others.
    6. Common University Entrance Test (CUET)
      • Conducted by: National Testing Agency (NTA).
      • The CUET exam scores are accepted by around 197 CUET PG participating universities for admission to different postgraduate programs including MBA.
    7. Narsee Monjee Management Aptitude Test (NMAT)
      • Conducted basically by: Graduate Management Aptitude Council (GMAC).
      • NMAT exam results are accepted by some of the leading MBA universities for flagship and specialized programs because it is an independent and reputable exam.

    State-Level MBA Entrance Exams:

    1. MAH CET (Maharashtra Common Entrance Test):
      • Conducted basically by: State Common Entrance Test Cell, Maharashtra.
      • MAH CET is the entrance exam for various management institutes in Maharashtra.
    2. TANCET (Tamil Nadu Common Entrance Test):
      • Conducted basically by: Anna University, Tamil Nadu.
      • TANCET is accepted by several colleges in Tamil Nadu for their MBA programs.
    3. APICET (Andhra Pradesh Integrated Common Entrance Test):
      • Conducted basically by: Sri Krishnadevaraya University, Anantapur, on behalf of Andhra Pradesh State Council of Higher Education (APSCHE).
      • APICET is for admission into MBA programs in Andhra Pradesh.
    4. KMAT (Karnataka Management Aptitude Test):
      • Conducted by: Karnataka Private Post Graduate Colleges Association (KPPGCA)
      • KMAT is accepted by more than 169 B-schools across Karnataka.
    5. OJEE MBA (Odisha Joint Entrance Examination for MBA):
      • Conducted basically by: Odisha State Government.
      • OJEE MBA is the entrance exam for MBA programs in Odisha.
    6. UPSEE MBA (Uttar Pradesh State Entrance Examination for MBA):
      • Conducted basically by: Dr. A.P.J. Abdul Kalam Technical University, Uttar Pradesh
      • UPSEE MBA is for admission to MBA programs in colleges affiliated with AKTU, Lucknow.

    Job Profiles in MBA in Fintech in India

    Pursuing an MBA in Fintech opens up a range of job opportunities in India’s rapidly growing financial technology sector. Graduates with this specialization can find roles in fintech startups, traditional financial institutions, technology companies, consulting firms, regulatory bodies, and more. Following are some common job profiles for MBA in Fintech graduates in India:

    1. Fintech Product Manager:

    • Fintech product managers are responsible for overseeing the development, launch, and marketing of fintech products and services. They analyze market trends, gather customer feedback, and work closely with development teams to create innovative fintech solutions.

    2. Digital Payments Specialist:

    • Professionals in this role focus on digital payment platforms, mobile wallets, UPI, and other electronic payment systems. They work on enhancing user experience, ensuring security, and driving the adoption of digital payment solutions.

    3. Blockchain Developer/Consultant:

    • Blockchain developers build and maintain blockchain-based systems and applications. They work on secure and transparent transaction platforms. Blockchain consultants, on the other hand, advise businesses on implementing blockchain solutions for various applications, including smart contracts and cryptocurrency.

    4. Data Analyst/Data Scientist:

    • Data analysts and data scientists in the fintech sector analyze large datasets to extract valuable insights. They work on risk assessment, fraud detection, customer behavior analysis, and predictive modeling to enhance financial services and decision-making processes.

    5. Cybersecurity Analyst:

    • Cybersecurity analysts focus on ensuring the security and privacy of fintech platforms. They assess vulnerabilities, implement security measures, and develop protocols to protect sensitive financial data from cyber threats.

    6. Robo-Advisor Specialist:

    • Robo-advisors are automated investment platforms that use algorithms to provide financial advice and manage portfolios. Specialists in this field develop and optimize robo-advisory algorithms, ensuring efficient and personalized investment recommendations.

    7. Regulatory Compliance Officer:

    • Regulatory compliance officers in fintech companies ensure that the organization adheres to financial regulations and legal requirements. They monitor changes in regulations, implement compliance policies, and liaise with regulatory authorities.

    8. Fintech Consultant:

    • Fintech consultants work for consulting firms, advising businesses on fintech strategies, digital transformation, and technology implementations. They help organizations leverage fintech solutions to enhance operational efficiency and competitiveness.

    9. Business Development Manager (Fintech):

    • Business development managers in the fintech sector identify partnership opportunities, negotiate deals, and expand the company’s client base. They play a crucial role in fostering collaborations with banks, financial institutions, and other businesses.

    10. Investment Analyst (Fintech):

    • Investment analysts specializing in fintech assess investment opportunities in fintech startups and companies. They conduct market research, financial analysis, and due diligence to make informed investment decisions on behalf of venture capital firms and investors.

    11. Entrepreneur/Startup Founder:

    • MBA in Fintech graduates with an entrepreneurial spirit can start their own fintech ventures. They can develop innovative fintech solutions, secure funding, and create startups focusing on digital payments, lending, insurance, or other financial services.

    Salary Potential in MBA in Fintech in India

    The salary potential for professionals with an MBA in Fintech in India can vary widely based on factors such as experience, skills, location, employer, and job role. However, individuals with expertise in fintech are generally well-compensated due to the specialized nature of their skills and the high demand for professionals in this field. Following are a general overview of the Average Package potential for MBA in Fintech graduates in India across various job roles:

    1. Entry-Level Positions:

    • For entry-level positions such as fintech analysts, digital payment specialists, and junior product managers, Average Package typically range from ₹5 to ₹10 lakhs per annum, depending on the candidate’s qualifications and the company’s location and size.

    2. Mid-Level Positions:

    • Mid-level positions like fintech product managers, cybersecurity analysts, and blockchain developers can earn Average Package ranging from ₹10 to ₹20 lakhs per annum. Experienced professionals with several years of relevant experience can earn higher Average package within this range.

    3. Senior-Level Positions:

    • Senior roles such as fintech consultants, business development managers, and senior product managers can command Average Package upwards of ₹20 lakhs per annum, with the potential for significant bonuses and incentives based on performance.

    4. Leadership and Executive Positions:

    • Executives in top leadership positions, including Chief Technology Officers (CTOs), Chief Financial Officers (CFOs), and Chief Information Officers (CIOs) in fintech companies, can earn Average Package well above ₹20 lakhs per annum, often reaching into the high six-figure or even seven-figure range, particularly in established and successful fintech firms.

    5. Entrepreneurship:

    • Fintech entrepreneurs who start their own successful ventures have the potential for significant financial rewards. The earnings of fintech startup founders can vary widely, but successful startups can lead to substantial profits, including revenue from investments and exits through acquisitions or Initial Public Offerings (IPOs).

    Major Recruiters for MBA in Fintech in India

    MBA graduates with a specialization in Fintech are highly sought after by a variety of employers in India, including fintech startups, financial institutions, technology companies, consulting firms, and regulatory bodies. Several major recruiters actively hire MBA in Fintech graduates for various roles in India. Following are some of the key recruiters for MBA in Fintech professionals:

    1. Fintech Startups:

    • Fintech startups in India, such as Paytm, PhonePe, Razorpay, Zerodha, PolicyBazaar, and Upstox, are major recruiters for MBA in Fintech graduates. These startups offer diverse opportunities in digital payments, lending, insurance technology, robo-advisory, and blockchain technology.

    2. Traditional Financial Institutions:

    • Established financial institutions, including banks, insurance companies, and asset management firms, are increasingly embracing fintech solutions. Companies like HDFC Bank, ICICI Bank, State Bank of India (SBI), and Kotak Mahindra Bank recruit fintech professionals to enhance their digital offerings and customer experience.

    3. Technology Companies:

    • Technology giants such as Google, Amazon, Microsoft, and IBM have a significant presence in India and are actively involved in fintech initiatives. They hire MBA in Fintech graduates for roles related to artificial intelligence, machine learning, cloud computing, and data analytics applied to financial services.

    4. Consulting Firms:

    • Consulting firms like Deloitte, PwC, EY, KPMG, and Accenture have specialized fintech practices. They recruit MBA graduates with fintech expertise to advise clients on digital transformation, regulatory compliance, and fintech strategy.

    5. Regulatory Bodies:

    • Regulatory authorities such as the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) hire professionals with fintech knowledge to work on regulatory policies, compliance, and oversight of the financial sector, especially concerning digital payments and blockchain technology.

    6. Venture Capital Firms and Private Equity:

    • Venture capital (VC) firms and private equity (PE) investors actively invest in fintech startups. Professionals with a deep understanding of fintech trends and market opportunities are sought after by VC and PE firms for due diligence, investment analysis, and portfolio management.

    7. Payment Gateway Providers:

    • Payment gateway providers like Visa, Mastercard, and PayPal have a presence in India and hire fintech professionals to work on digital payment solutions, fraud detection, and payment processing innovations.

    8. Academic Institutions:

    • Universities and business schools offering fintech courses often recruit experienced professionals with an MBA in Fintech to teach and mentor students, sharing their industry knowledge and insights.

    9. Corporate Accelerators and Incubators:

    • Corporate accelerators and incubators, such as YES Bank’s YES Fintech and ICICI Bank’s iCreate, support fintech startups. MBA graduates with fintech expertise may find roles in these programs, mentoring startups and driving innovation initiatives.

    10. International Organizations and Development Agencies:

    • International organizations such as the World Bank, International Monetary Fund (IMF), and development agencies like the United Nations Development Programme (UNDP) and Asian Development Bank (ADB) have fintech-related projects in India and may hire professionals with fintech knowledge.


    What are the major Subjects of MBA in Fintech?

    major Subjects of MBA in Fintech are following :- Introduction to Fintech, Blockchain Technology, Digital Payments and Mobile Banking, Data Analytics for Fintech, Cybersecurity in Fintech, Fintech Regulations and Compliance, Algorithmic Trading, Insurtech, Robo-Advisory.

    What are the Specialization Under MBA in Fintech?

    Specialization Under MBA in Fintech are Advanced Blockchain Applications, Financial Data Mining, AI and Machine Learning in Finance, Regtech, Crowdfunding and Peer-to-Peer Lending.

    Is MBA in FinTech worth to study?

    Whether pursuing an MBA in Fintech is worth it depends on your individual career goals, interests, and the specific opportunities you are seeking. MBA in FinTech offers Rapidly Growing Industry, Intersection of Finance and Technology, Networking Opportunities and Potential for Higher Earnings.

    Which is better MBA in Finance or fintech?

    MBA in Finance is more towards financial modelling where as MBA in Fintech is all about data and analysis. Therefore, the need of an hour is Fintech and an advance version of MBA Finance.


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