HOW AN MBA DEGREE IN DIGITAL FINANCE AND BANKING CAN PREPARE YOU FOR A GLOBAL CAREER?
Blogs Detail
With the rapidly changing finance business, the Master of Business Administration degree is emerging as a viable career route for graduates with a strong interest in economics, management, leadership, marketing, and statistics who want to make an impact in the marketing area.
With the rapidly changing finance business, the Master of Business Administration degree is emerging as a viable career route for graduates with a strong interest in economics, management, leadership, marketing, and statistics who want to make an impact in the marketing area.
Over the years, India's financial sector has grown dramatically. According to the India Brand Equity Foundation, the banking sector leads, with retail banks holding more than 64% of the financial system's assets.
With such a rapid rate of change, India's financial system has enabled graduates to explore and pursue their areas of interest. Large corporations, such as Amazon and Google, provide exciting employment opportunities in product creation, product management, and reputation management, all of which require a thorough knowledge or understanding of money.
What is an MBA in Digital Finance and Banking?
An MBA in Digital Finance and Digital Banking includes specialised courses in digital finance, such as cashless transactions, technical accounting systems, technological requirements for managing and executing securities transactions on both a domestic and international level, creation of financial models using tools to develop effective merger management methods, and so on. This programme will also teach you the fundamentals of banking, such as how regulatory regulations affect a bank's products, and is ideal for students interested in the growing sector of digital banking and digital finance.
MBA Program in Digital Finance and Banking
There are numerous chances for MBA graduates and individuals with degrees in digital finance and banking. Their job responsibilities can range from asset management to accounting and risk management. Some of the top career options for an MBA in Digital Finance and an MBA in Digital Banking are listed below.
Financial Analyst
Multinational Corporations (MNCs) typically require financial expertise in economics, markets, and accounting to do economic forecasting and operational metrics tracking, as well as providing market strategies or plans.
Key job responsibilities:
- Analyze economic data and develop economic models to aid decision-making.
- Financial planning and performance should be reported for regular leadership reviews.
Banker specializing in investments
An investment banker is in charge of handling initial public offerings (IPOs) as well as identifying suitable mergers and acquisitions at a reasonable price and value.
Morgan Stanley, Goldman Sachs, and other prominent financial institutions hire knowledgeable or skilled investment bankers to manage the company-investor relationship.
An Investment Banker's key work tasks are as follows:
- Conduct due diligence research
- IPO administration
- Assess risk and provide financial advise on mergers and acquisitions, private equity deals, and equity valuations.
- Complete reporting, projections, and model creation
- Finance transactions are underwritten, analysed, and closed.
- Financial aspects should be negotiated and structured.
Risk Managers
Everything has been cleared up by the name alone. You are, nevertheless, accountable for anticipating any potential hazards in the firm's financial operations that could jeopardise its safety, growth, and integrity. Furthermore, such a person is in charge of repairing losses, managing unpredictability, incoming trends, and cost-involvement in an organisation.
Portfolio Manager
Your principal task as a portfolio manager would be to handle money in hedge funds that have pooled an enterprise's money. Furthermore, you will need to constantly investigate the current market situation and assist customers in meeting their financial objectives.
Insurance & Risk Managers, Financial Analysts, Corporate Controllers, Personal Financial Advisors, Investment Banking Associates, and other roles are available with an MBA in Digital Finance & Banking.
SBI, ICICI, HDFC, HSBC, Deutsche Bank, Citi Bank, Axis Bank, Yes Bank, Kotak Mahindra Bank, Tata AIA, L&T Financial Services, JP Morgan Chase, Tata Capital, Capital First, and others are among the best recruiters for MBAs in the BFSI sector in India. Aside from that, potential positions can be found in Non-Banking Financial Company firms, brokerage firms, and mutual fund investment firms.
MBA Skills for Success in Digital Banking and Finance
The digital banking and finance industry is dynamic and adaptable, with several work prospects. Different career positions require different abilities or expertise, which individuals must develop while learning or working in this industry.
Essential skills:
- Interpersonal skills
- Ability to communicate effectively
- Financial reporting
- Accounting
- Reasoning skills
- Analytical ability
- Problem-solving
- Critical thinking
- Management ability
- Innovative
- Creative
- Commercial acumen
- Time management
- Leadership qualities
MBA is a globally recognised professional path that guarantees you the best jobs in higher positions at large or established organisations.
- Aute irure dolor in reprehenderit
- Occaecat cupidatat non proident sunt in culpa
- Pariatur enim ipsam.