Blog_Banner_Asset
    Homebreadcumb forward arrow iconBlogbreadcumb forward arrow iconMBAbreadcumb forward arrow iconHow an MBA in Digital Finance and Banking (DFB) can be helpful in the BFSI Sector?

How an MBA in Digital Finance and Banking (DFB) can be helpful in the BFSI Sector?

Last updated:
8th Jul, 2020
Views
Read Time
6 Mins
share image icon
In this article
Chevron in toc
View All
How an MBA in Digital Finance and Banking (DFB) can be helpful in the BFSI Sector?

The present job market is characterized by cut-throat competition. So, it goes without saying that if you wish to thrive and survive in such a scenario, you must look beyond the boundaries of basic education (school and college-level) and opt for advanced educational programs to build a rock-solid foundation for your professional career. 

Employers are no longer looking for run-of-the-mill professionals – they want people who hold specialized domain skills along with entrepreneurial and managerial skills. And what better than an MBA degree to acquire both industry-specific skills and managerial skills!

While an MBA degree is offered on numerous specializations, in today’s post, we’ll focus on MBA in Digital Finance & Banking (DFB), India’s first online MBA degree in DFB. This course has been designed by the prestigious O.P. Jindal Global University (JGU), powered by upGrad . 

What does an MBA in Digital Finance & Banking course have to offer?

upGrad has long been an ardent supporter of online learning to help aspirants and working professionals expand their knowledge and upskill from within the comfort of their homes. 

Ads of upGrad blog

Since the Indian BFSI sector is at the cusp of digital transformation, fuelled by disruptive technologies like AI and Blockchain, traditional processes and techniques are now paving the way for innovative banking and financial services. This inevitably means BFSI companies need qualified and skilled professionals who are well-versed in the latest technological developments. 

This MBA program has been designed for aspirants who wish to build a career in banking and finance domains. The two-year course encompasses topics like Blockchain and Cryptocurrency, Artificial Intelligence in Business, Data Visualization in Finance, Financial Management & Valuation, Fintech Ecosystems Management, Digital Fraud & Risk Analytics, and Design Thinking & Leadership for Business – all of which are crucial to the growth of BFSI industry. The course curriculum also comprises high-quality industry case studies and live interaction sessions with industry mentors.

The faculty includes experts from Jindal Global Business School (JGBS) and Jindal School of Banking & Finance (JSBF). On course completion, you will receive an MBA degree, but you will also gain the status of JGU alumni. Furthermore, you will have plenty of opportunities for networking with peers across the BFSI and Fintech domains at upGrad’s Offline BaseCamps.

How can MBAs specializing in Digital Finance & Banking create value for the BFSI sector?

At present, the BFSI industry is evolving rapidly. With the inclusion of new-age technologies in this field, there is a pressing need for expert professionals who can implement these technologies to create innovative banking and financial solutions. This is where an MBA degree in a specialized field like DFB can bring about a welcome change and drive “value addition” in the BFSI sector. 

Prof. Ram Ramachandran, Professor and Vice Dean at JSBF aptly stated:

“Digital disruption is accelerating the demand for business and finance professionals to have a nuanced understanding of emerging technologies, digital transformation, and governance processes. FinTech and AI will transform the face of traditional banks. The need for future skilled professionals will become acute in the next 3 to 5 years.”

Here are 5 reasons why MBAs with a DFB specialization can benefit the BFSI sector

1. They possess niche knowledge and skills

MBA graduates in Digital Finance & Banking have extensive knowledge on various subject matters of the banking and finance sectors. They are capable of looking at the complexities of the BFSI industry from a multi-disciplinary perspective. Since they are well-versed with the latest tech and market trends, they are ever-ready to cope with the emerging challenges brought about by the rapid digital disruption of the BFSI industry. 

2. They possess transferable skills

All MBA courses are designed, keeping a healthy balance between hard and soft skills. The best part is that the unique combination of these skills is not constrained to any specific industry. For instance, leadership, project management, and analytical thinking are skills required in every sector. This is what makes MBA degree holders multi-talented. They can move from one industry to another smoothly. 

An MBA with DFB specialization can seamlessly juggle both technological, entrepreneurial, and managerial responsibilities within a company. Not for nothing is an MBA degree, one of the most versatile degrees!

Learn MBA Programs from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career.

3. They are wizards of project management

Project management lies at the core of MBA programs. MBA graduates are trained to look at problems from a 360-degree angle. By doing so, they can always find dynamic ways to approach the project at hand. This is where their planning and organizational instincts kick in! Since they have a keen business and managerial sense, they can create optimal management strategies while leading multiple teams. 

4. They have aced marketing

Marketing is another crucial aspect of an MBA program. In fact, well-designed marketing strategies are among the pivotal ingredients behind any business’s healthy functioning. Banks are no exception. All banks require excellent marketing strategies and campaigns to acquire new clients and expand their user base. As MBA graduates have already aced the art of marketing, they can create practical and actionable marketing plans that prime importance to the target audience’s pain points. 

5. They have excellent critical thinking abilities

During the MBA course, candidates are encouraged to sharpen their critical thinking skills by actively working on case studies, live projects, and business presentations. This allows them to get hands-on domain experience.

Ads of upGrad blog

Naturally, their critical thinking abilities come in handy in real-world scenarios where they have to work with real business issues and challenges. Since MBAs can use their critical and analytical faculties to understand a problem from all possible angles, they can make sound and informed business decisions. 

Wrapping up

The BFSI industry is transforming, and so should the professionals involved in this industry. Technological specialization and upskilling are the need of the hour in the BFSI sector. An MBA in Digital Finance & Banking is the right step in this direction!

If you are keen on upgrading your career with an MBA Degree, upGrad is offering an MBA in Digital Finance & Banking in collaboration with the Jindal Global Business School and the Jindal School of Banking & Finance. Be a JGU alumnus and take advantage of continued engagement and networking with the world of academia, policy, and industry

Profile

Sandeep Pereira

Blog Author
Responsible for working with the various teams and other management to establish long-range goals, strategies, plans and policies and set up new programs at upGrad. With a demonstrated history of working in the EdTech industry.

Frequently Asked Questions (FAQs)

1How to get a job in banking?

The most important criteria is that you must be a graduate. There are many ways to get a job in banking, depending on your qualifications and interest. For instance, if you are a chartered accountant, you may apply for jobs related to taxation, budgeting, etc. Several banks also conduct banking exams, and selected candidates are given entry level positions at different levels. But if you are looking at pursuing a corporate career in banking, in roles such as marketing, data analytics, investment banking, or more – then an MBA in digital finance and banking from a reputed b-school is your best bet.

2How will an MBA help my banking career?

If you are already working in a bank, an MBA would be an excellent way to boost your career. You would be able to directly jump into managerial roles from executive roles, and your income would certainly increase exponentially within 5-7 years after completing the MBA. Depending on your interest, you can choose your specialisation in MBA. For instance, a specialisation in digital finance and banking would catapult you into digital transformation and product management roles for digital banking, which is one of the most booming fields in India today.

3What is meant by digital finance?

Digital finance basically explores the role of technology in various aspects of finance – such as accounting, budgeting, financial planning, investment management, trading, digital channels for conducting and monitoring financial transactions, and so on. It is a vast field, and depending on your interest, you can specialise further. For instance, if retail banking is your area of interest, an MBA in Digital Finance could help secure roles into digital product management or operations. If you are interested in corporate finance, you can use your MBA degree to work in fields that develop large, complex systems to handle large financial transactions conducted by corporates.

Explore Free Courses

Suggested Blogs

Top 10 Highest Paying HR Jobs in India [A Complete Report]
906758
Introduction Human Resources (HR) is a core business area and profession which has risen in stature and demand over the years. Most of the highest pa
Read More

by Rahul Karthikeyan

18 Feb 2024

MBA Salary in India in 2024 [For Freshers & Experienced]
921323
Wondering what is the range of MBA salary in India? If you see the job listings today, you will see many jobs marked as ‘MBA preferred.’ This trend h
Read More

by Rahul Karthikeyan

17 Feb 2024

MBA Resume Samples for Creating Eye-catchy Professional Resumes
29477
A career ‘without growth’ doesn’t suffice, neither financially nor emotionally. Everyone wishes for a sustainable career that is dynamic and features
Read More

by Kamal Jacob

28 Jan 2024

Best Online MBA Courses in India for 2024: Which One Should You Choose?
90704
Over the last decade, technological advancements have transformed business and industry to a great extent. The needs of modern workplaces have also be
Read More

by Kamal Jacob

24 Jan 2024

Must Read 37 HR Interview Questions & Answers: Ultimate Guide 2024
255379
Summary: In this article, you will learn the top HR Interview Questions & Answers. Take a glimpse below. How are you today? Tell me something a
Read More

by Kamal Jacob

24 Jan 2024

HR Salary in India [For Freshers & Experienced 2023]
904051
When it comes to managing employees and looking after their interests, every company turns to HR professionals. They take care of the employees and en
Read More

by Dilip Guru

24 Jan 2024

20 Best Career Options after B.Com 2024: What to do After B.Com? [updated]
1794501
Summary: In this article, you will learn the 17 Best Career Options to choose from after B.Com [2024]. Take a glimpse at the list of courses below.
Read More

by Keerthi Shivakumar

24 Jan 2024

Investment Banker Salary in India: For Beginner & Experienced [2024]
901521
One of the most prestigious professions in the finance industry is investment banking. We have all heard of the heavy workloads and the lucrative pay
Read More

by Dilip Guru

17 Jan 2024

Top 15 MBA Project Ideas & Topics in 2024 [For Freshers]
117060
Summary: In this article, you will learn the Top 15 MBA Project Ideas & Topics. Take a glimpse below. A study on sustainable business models acr
Read More

by Kamal Jacob

27 Sep 2023

Schedule 1:1 free counsellingTalk to Career Expert
icon
footer sticky close icon