Program Overview
The Online Master of Business Administration (MBA) in Banking and Insurance offered through Manav Rachna Online by Manav Rachna International Institute of Research & Studies (MRIIRS) is a postgraduate management programme tailored for careers in the Banking, Financial Services, and Insurance (BFSI) sector.
Manav Rachna International Institute of Research & Studies is a UGC‑recognised Deemed‑to‑be University under Section 3 of the UGC Act and is NAAC A++ accredited, reflecting the highest standards of academic quality and institutional credibility.
The programme is offered through the Manav Rachna Centre for Distance & Online Education (MRCDOE) and is UGC‑entitled and AICTE‑approved, ensuring that the online MBA degree holds equivalence with a regular on‑campus MBA for employment and higher education.
Designed for working professionals and aspiring managers, the programme combines core management fundamentals with specialised knowledge of banking operations, insurance management, financial regulations, risk analysis, and fintech, enabling learners to thrive in a rapidly evolving financial ecosystem.
Program Outcomes
Upon successful completion of the Online MBA in Banking and Insurance, learners gain:
- Strong understanding of banking systems, insurance products, and financial services
- Knowledge of risk management, compliance, and regulatory frameworks
- Managerial and analytical skills required for decision‑making in BFSI organisations
- Exposure to digital banking, fintech innovations, and financial markets
- Leadership and strategic thinking capabilities for mid‑ and senior‑level roles
The programme supports career growth, role transitions, and leadership readiness across banking, insurance, NBFCs, fintech firms, and financial consulting organisations.
Why Choose Online MBA in Banking and Insurance at Manav Rachna International Institute of Research & Studies
Manav Rachna International Institute of Research & Studies is among India’s select universities with NAAC A++ accreditation, providing strong assurance of academic rigour and degree recognition.
Key reasons to choose this programme include:
- UGC‑entitled & AICTE‑approved online MBA degree
- Academically equivalent to a regular MBA
- Flexible 100% online learning format
- Industry‑aligned BFSI curriculum
- Real‑world case studies and capstone project
- EMI payment options for affordability
- Suitable for working professionals across India and abroad
The programme is particularly beneficial for learners seeking career advancement without taking a break from employment.
Suitable Candidates
The Online MBA in Banking and Insurance is suitable for:
- Working professionals in banking, insurance, NBFCs, and financial services
- Graduates aiming for managerial roles in BFSI
- Finance and commerce professionals seeking leadership positions
- Individuals planning a career transition into banking or insurance
- Aspirants targeting roles in risk management, credit analysis, and financial consulting
Online MBA in Banking and Insurance: Curriculum Structure
The programme is structured across four semesters over two academic years, combining management foundations with sector‑specific expertise.
Semester 1: Management Foundations
- Financial Accounting for Managers
Semester 2: Core Business Management
- Human Resource Management
- Business Research Methods
Semester 3: Banking and Insurance Specialisation
- Banking Systems and Operations
- Risk Management in Financial Services
- Financial Markets and Institutions
- Legal and Regulatory Framework for BFSI
Semester 4: Advanced Applications
- Investment Banking and Treasury Management
- FinTech and Digital Banking
- Strategic Management in BFSI
- Capstone Project / Research‑Based Learning
Eligibility Criteria for Online MBA in Banking and Insurance
Candidates must meet the following eligibility requirements:
- Bachelor’s degree in any discipline from a recognised university
- Minimum 50% aggregate marks in graduation
- Relaxation for reserved categories as per university and government norms
Final admission is subject to document verification by the university.
Fees and Duration of Online MBA in Banking and Insurance
Duration
Fee Structure
Fee Type | Amount |
Total Programme Fee | ₹1,20,000 |
Per Year Fee | ₹60,000 |
EMI Option | Starting at approx. ₹4,713 per month |
The fee is applicable for the Online MBA programme offered through Manav Rachna Online (MRCDOE) and is subject to change as per official university notifications.
Admission Process for Online MBA in Banking and Insurance
The admission process is conducted online and includes:
- Online registration through Manav Rachna Online portal
- Filling out the application form
- Uploading academic documents
- Verification and admission confirmation by the university
Once admitted, learners gain access to the digital learning platform, recorded lectures, live sessions, and study material.
Career Opportunities After Online MBA in Banking and Insurance
Graduates can explore diverse managerial and specialist roles across the BFSI sector.
Job Role | Average Annual Salary (India) |
Bank Manager | ₹6 – 10 LPA |
Insurance Manager | ₹5 – 9 LPA |
Risk & Credit Manager | ₹7 – 12 LPA |
Relationship Manager | ₹4 – 8 LPA |
Financial Analyst | ₹6 – 11 LPA |
Investment Banking Executive | ₹8 – 15 LPA |
Salary figures Ambitionbox