The finance sector in almost all industries is seeing a huge transformation due to the development in the technology sector. The companies are driven by technologies such as blockchain, artificial intelligence, cloud computing, the Internet of things and mobile computing. 

These technologies have helped companies to move from conventional financial services to make use of digital technology and offer customized value-added services in a fast-paced manner. The main objective of this degree program is to develop young minds into competent professional financial professionals who are capable of working in the Fintech sector while contributing to the benefit of the larger society. 

The Fintech Management sector covers subjects such as financial theory, risk management, computing technology, data analytics, insurance, accounting and business information systems. 

Fintech is a wide-scale adopted Financial technology that is eligible to alter the dynamics of the global economy. Fintech is a mass-adopted Financial Technology that has changed the game and workings of the global economy, which has led to the increasing demand for skilled professionals who are talented Fintech specialists. An MBA in Fintech Management helps to expand and grow the manpower with financial management skills and technical expertise needed to develop and manage the financial sector in the companies.  

For admission to this course, the students must appear for any of the entrance exams like CAT, XAT, CMAT, NMAT or SNAP with a valid score, as decided by the specific college. In some colleges, admission is based on merit or work experience and students need to know the admission criteria for the university desired. 

Admission to the degree program named MBA in Fintech Management is based on cut-off scores in the entrance examinations. Admission does not depend on the specialization chosen by the student. The course fees of different colleges providing MBA in Fintech Management ranged from average fees from ₹ 29,000 to ₹ 11.50 lakhs. Students often secure placement in top companies like UPLERS, PayPal, Korn Ferry, Paytm, CRED, Aspiration, Matrix, Amazon, Walmart, Goldman Sachs, BCG, Bain and Company, Reliance Industries and the Adani group.

Highlights 

The important details about the course, like the duration, eligibility criteria, and the top recruiters, are mentioned below. The students interested in this program may go through the table to learn more about the course. 

*Note- Fees and Average packages for other colleges apart from the ones given in the table may vary.

What is an MBA in Fintech Management

An MBA in Fintech Management is a specialisation under the MBA program that focuses on the intersection of finance, innovation, and the latest technology. It can provide students with the knowledge and skills to manage and develop unique and innovative financial products and services. These services include technology sectors like blockchain, digital payments, and data analytics within the financial sector. Fintech Management will equip graduates with knowledge and skills related to information technology, start-up management, social entrepreneurship, international business and product development and management. 

Students in an MBA in Finance program will be able to learn about the complete business management course. The degree requires students to enroll in finance-specific courses such as risk management, investment management and corporate finance.. However MBA in Fintech is a specialised program where students will learn about business management with an application of technology in finance. 

This degree program is particularly suitable for candidates who aim to deepen their knowledge and expertise to advance their careers in Fintech and related fields. Through this program, new-age entrepreneurs are developed and equipped with the skills to facilitate the growth of the fintech ecosystem. 

Entrance Exam

In India, multiple entrance examinations are conducted to test the aptitude of applicants to top management colleges.

These are as follows :

• CAT:  CAT stands for Common Admission Test and is one of the most popular entrance exams. It is conducted every year in India for admission to management colleges. Students aspiring for the top management colleges must get a high score in CAT. 

• GMAT: GMAT by GMAC, also called as Graduate Management Admission Test. It is an online exam conducted every year for students to qualify for admission to MBA programs. It is for universities in India as well as abroad. 

• CMAT: CMAT, the Common Management Aptitude Test. It is a national-level examination conducted every year by the NTA. It is the second most common exam taken by students after CAT. 

• XAT: The Xavier School of Management administers the XAT exam which is open to final-year students and those with bachelor's degrees.

• Some colleges/universities have criteria demanding at least a year or more of relevant experience as it is essential to understand management studies. Work experience forms a firm foundation for career advancement in the future.

• Some private universities conduct their entrance exams to qualify students for admission.

Eligibility

The admission criteria for the MBA in Economics are discussed below:

• Students must have a bachelor's degree in any discipline from a recognized university. A passing percentage of 50% or equivalent CGPA is acceptable.

• For students under the reserved category ( OBC/SC/ST), 5% relaxation is offered from the mandatory passing percentage. 

• Students can apply in their final year after submitting a no-objection certificate from the principal. 

• A merit score of more than 60% is required for admission to top universities like IIMs and IITs. 

• Students must score well in the entrance exam if they aspire to be admitted to the top colleges.                                               

Admission Process

The steps that the admission process for an MBA in Economics includes are as follows:-

• Students must secure a bachelor's degree with a minimum aggregate percentage of at least 50% in graduation.

• Students need to pass entrance exams like CAT, XAT, CMAT, SNAP, GMAT and other private university-based examinations depending on the requirements of different universities. Depending upon the cut-off or the score, admissions will be provided to this course. Students’ chosen specializations do not solely determine their admission into the MBA programs.

• All invited candidates have to fill up the online or offline admission form and attach all required papers, including their Aadhar card number, proof of address, proof of residency, grade sheets of classes 10th and 12th and graduation grade sheet.

• After clearing the entrance exams, students need to appear for the group discussion and the personal interview round. These rounds are conducted to assess students’ communication skills and problem-solving abilities.  

• The final selection in the universities is based on the overall score, which is calculated based on the entrance exam score, GD/PI performance, and work experience. 

• The results of the entrance exam and interview determine who finally gets admitted into the MBA program in public policy. Different colleges assign different weightage to the entrance exam and interview results.

• The students can go through the documents with the institution before paying the fees and can enroll in the classes further.

Fintech Syllabus  

An MBA in Financial Technology course can be the ideal and perfect choice for those students who want to make noticeable changes to the company. Students with a deep interest and knowledge in subjects such as math and computer science are preferred to pursue this degree. Knowledge of coding and programming is also needed to pursue a degree in the Fintech program. Fintech subjects like Business Research Methods, Business Systems and Procedures, Organization Behavior & Communication, Corporate Finance, Marketing, Digital Business and many more. 

The table below mentions the average package fees of colleges and the names of the programs. It includes the leading government and private colleges. The government colleges include IIMs like IIM Calcutta and IIM Sambhalpur. The top most private college for this course in SP Jain School of Global Mangement. The duration varies accordingly with the program, from a period of 9 months to 2 years. Students interested in this program must go through the table to learn about more such colleges that offer MBA programs in Fintech Management. 

Obtaining an MBA in Fintech Management provides students with a broad and diverse range of skills that combine finance and technology. After completing the degree students will develop a strong sense and understanding of financial markets, investment and financial rules and regulations. Also with these skills students will develop an understanding of technological advancements that are helping to define the future of finance, including blockchain, cryptocurrencies and artificial intelligence.

They acquire keen analytical capabilities to evaluate financial information and trends in the market. These allow the professionals to make good decisions. Through this program, professionals get equipped with leadership skills and strategic thinking skills. This enables graduates to manage the complications of Fintech startups and also traditional financial firms. With the focus on innovation and digital change, graduates are provided with skills to incorporate technological expertise into financial services which enhances the efficiency of the company, helps achieve customer satisfaction and helps in the improvement of the overall performance of the company. 

The various skills that are developed in an individual after completing the degree in Fintech management are as follows: 

Development of Communication Skills: After completing the BBA in Fintech, the candidate will be able to communicate verbally. Financial literacy for conveying the meaning of financial terminology and concepts. This is important as some stakeholders might not belong to the finance industry. For any collaboration, interpersonal skills, adaptability and an eye for detail are very important.

Development of Managerial Skills: BBA in Fintech develops the management skills of the candidates. Professionals like general managers, financial managers, operation managers and financial investment analysts require management skills to prepare a budget whether annual, semi-annual or quarterly budget to decide the amount allocated for each sector.

Time Management: In BBA in Fintech, candidates learn time management skills. Strict schedules are followed in the aviation industry. Productivity, seamless operations and stress are reduced by time management.

Finally, an MBA in Fintech Management equips professionals to excel in the fast-changing world of finance with a solid understanding of both business and technology developments.

Career Prospects

MBA in Financial Technology unlocks the door to several career opportunities in legacy financial institutions, financial firms and new fintech organizations. Equipped with the knowledge and abilities related to both finance and technology with the help of this degree graduates are eligible for job positions like Fintech Analyst, Blockchain Developer, Risk Manager or Digital Transformation Consultant positions. Investment firms have various career options. Various career options like Cryptocurrency analysts or portfolio managers of digital assets are available in these investment firms for MBA graduates in Fintech management. 

There are numerous career options available in the Fintech startups. These working options like Product Manager, Compliance Officer, Business Development Lead and many others. Fintech graduates are needed because in these firms regulatory expertise and innovation are essential. In addition, increased interest in data analytics within finance enables graduates to leverage careers in data science and financial engineering. With their finance and technology expertise, Fintech Management graduates will be ready to assume leadership positions in a field that is developing at a lightning pace, playing a role in innovations in digital payments, peer-to-peer lending, and insurtech.

Technical & Analytical Skill: Candidates have developed data analysis & visualisation skills that involve learning Excel, Power BI, Tableau, and SQL for financial data analysis. They also learn programming languages like Python, R, or SAS for data analysis. 

Financial & Business Skill: Understanding finance at an advanced level empowers candidates to measure business performance and make decisions wisely. Mastery of software such as Excel and applications such as CFI (Corporate Finance Institute) is valuable in Fintech. Finally, adequate knowledge of investment analysis such as stock markets, cryptocurrencies and portfolio management is essential in trading and wealth management professions.

Financial decision-making: Candidates have opportunities related to financial decision-making. The skill to make financial decisions considering the goals, finances and budget, is important. This includes calculating the return on investment and estimating the cost and benefits of a project for the company.

Future Scope

An MBA in Fintech is a dynamic combination of finance, business management and new technologies. This course prepares its graduates to face the fast-changing financial services landscape. With the worldwide Fintech market growing at a staggering pace, India's Fintech industry is expected to grow by 2025. Increasing demand exists for professionals with expertise in both finance and tech. Graduates can have various career opportunities in domains like financial analysis, investment banking, blockchain and cryptocurrency management, data analytics, cybersecurity and digital banking. The job roles in demand are Financial Data Analyst, Fintech Analyst, Risk Manager, Blockchain Developer and AI/ML Consultant for financial services.

Diverse Career Opportunities: With the growing demand for Fintech graduates, the job opportunities for these graduates also increase. After completing an MBA in Fintech, candidates have various job role options such as Financial Data Analyst, Fintech Analyst, Risk Manager, Blockchain Developer and AI/ML consultant for financial services. 

Scope for Higher Education: After an MBA in Fintech, candidates can greatly expand their career opportunities and lead to leadership positions. Graduates prefer to pursue an MBA with a Fintech, Finance or Operations Management specialisation that adds both technical and financial capabilities.

Some of the major points indicate that the future scope of Fintech management is bright. These are as follows:

• The fintech industry is the third largest industry globally. 

• Fintech startups occupy at least 14% share of the Indian startup funding.

• In today’s market, there are more than 9000 fintech startups

• The annual revenue is expected to reach more than $ 190 billion by 2030.

• Fintech companies hold 50% of broking accounts and 70% of digital payments. 

This program is ideal for individuals aspiring to deepen their expertise and give a kick-start in a career related to the finance and technology sector. The program is aimed at training and creating new-age entrepreneurs and developing the skills of entrepreneurs to facilitate the growth of the fintech ecosystem.