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MBA in Fintech at MIT Vishwaprayag University to Build Leaders

Published on : 16/05/2024

The MBA in Financial Technology, or MBA FinTech, offers an innovative curriculum aimed at nurturing a skilled workforce adept at managing and innovating within the realm of Fintech. Tailored for graduates aspiring to excel in Financial Technology, Big Data Analytics, and Artificial Intelligence, this interdisciplinary program caters to professionals from various backgrounds, including engineering, mathematics, computer science, business administration, and other technology-driven fields. The syllabus for postgraduate students enrolled in MBA FinTech is carefully structured to aid in academic planning and execution throughout the program. Admission to MBA FinTech programs in India is merit-based, requiring candidates to hold a bachelor’s degree with a minimum aggregate score of 50%-60%. Additionally, applicants must attain satisfactory scores in entrance exams such as CAT, GMAT, XAT, NMAT, and MAT, among others, and fulfil specific university eligibility criteria

What Makes an MBA in Fintech a Wise Choice?

Financial Technology, or FinTech, represents a transformative force in the economy, revolutionizing business operations and reshaping financial services offered by banks and organizations. Through real-time data collection and analysis, FinTech introduces innovative solutions, particularly advantageous for emerging and small-scale enterprises. An MBA in FinTech seamlessly merges technology with financial insights, offering novel approaches to revolutionise and enhance the financial sector. Exploring the benefits of an MBA in FinTech reveals compelling reasons to pursue this cutting-edge and trending MBA program.

The Rapid Growth of the FinTech Sector

FinTech, a burgeoning industry globally and in India, continues to witness steady expansion despite market uncertainties. With a global market value exceeding USD 200 billion (Report given by THE BRAINY INSIGHTS), FinTech has become an increasingly attractive career path for recent graduates. Pursuing a master’s degree in FinTech offers professionals a competitive edge in this dynamic and evolving sector.

  • Dynamic Work Environment:

    At the forefront of the digital revolution, the FinTech sector offers an engaging and dynamic workplace. Characterized by disruptive innovation, FinTech leaders inspire professionals to advance within the industry and glean insights from pioneering minds. Moreover, FinTech professionals play a pivotal role in reshaping traditional banking practices, steering society towards a more innovative and efficient financial future.

  • Staying Ahead in Technology:

    In a world of constant technological evolution, staying abreast of advancements is paramount. Individuals, whether newcomers or seasoned professionals, can benefit from FinTech credentials to deepen their understanding and skill set in this rapidly evolving field. As technology increasingly automates financial processes, an MBA in FinTech becomes indispensable for leveraging the full potential of digital tools and platforms.

  • Disruption of Traditional Banking:

    Technology-driven automation is reshaping nearly every facet of business operations, reducing reliance on manual intervention. With FinTech innovations revolutionizing financial services, an MBA in FinTech equips professionals with the necessary expertise to navigate this digital transformation. As businesses increasingly pivot towards technology-driven solutions, FinTech is poised to reshape the future of banking, potentially displacing traditional banking practices altogether.

  • Career Advancement:

    Continuous learning is a sought-after skill among employers seeking to drive career progression. Given the novelty of FinTech, individuals with an MBA in Financial Technology possess a unique advantage in the job market. Employers value the strategic insights and competitive edge that FinTech expertise brings, positioning graduates as valuable assets in driving organizational success.

  • Diverse Career Opportunities:

    The burgeoning FinTech industry presents a myriad of career prospects and pathways for graduates. With specialized knowledge in blockchain applications, digital currencies, machine learning, and Big Data, MBA FinTech graduates can explore diverse roles ranging from cybersecurity and risk management to quantitative analytics and artificial intelligence. Moreover, the evolving landscape of FinTech offers opportunities in tech-focused domains as well as operational, marketing, and sales roles, providing graduates with versatile career trajectories.

Why Choose MIT Vishwaprayag University’s MBA in Fintech?

MIT Vishwaprayag University (MITVPU), affiliated with esteemed MIT Pune, invites applications for the academic year 2024-25 in Solapur. Offering an MBA in Fintech, this program stands out for its alignment with NEP 2020 guidelines and flexible entry and exit options. To apply, review the eligibility criteria and admissions process outlined below:

Eligibility Criteria:

Prospective candidates must have completed the HSC (or equivalent) examination with Physics and Mathematics as compulsory subjects, along with one of the following: Chemistry, Biotechnology, Biology, Technical Vocational subjects, Computer Science, Information Technology, Informatics Practices, Agriculture, Engineering Graphics, or Business Studies. A minimum of 45% marks (40% for candidates from Maharashtra State belonging to Backward class categories, Economically Weaker Sections, and Persons with Disability) is required.

Candidates must have appeared in all subjects in MHT-CET/JEE/PERA-CET and obtained a non-zero score. Alternatively, individuals who have completed a Diploma in Engineering and Technology with the specified marks are also eligible to apply.

Admissions Process:

Admission notifications and advertisements will be published on the MITVPU website. Prospective candidates can fill out the online application form at the MITVPU official website by paying the non-refundable entrance fee of ₹ 750/- for BBA & BCA and ₹ 1000/- for B.Tech, MBA, & MCA & ₹ 1500/- for B. Design. Shortlisted candidates will proceed further for the personal interview based on their rank and score. The selected candidates will be communicated by email or call.

For international candidates, admissions will be based on marks or grades obtained in the qualifying exams (as per eligibility) & seat availability.

Scope of MBA in Financial Technology

The scope of an MBA in FinTech extends globally, offering professionals diverse opportunities across various sectors. Graduates are equipped to join traditional financial institutions, startups, technology firms, regulatory agencies, or consultancy firms. Additionally, they may venture into entrepreneurship by launching their own FinTech startups. With experience and ongoing learning, FinTech professionals can progress to executive positions like Chief Financial Officer (CFO) or Chief Information Officer (CIO). Those inclined towards further education can pursue a PhD and pursue careers in academia or research.

Career Opportunities Post MBA in FinTech

  • Upon completing an MBA in Financial Technology, individuals unlock a plethora of career avenues in both private and public sectors. Many FinTech professionals find themselves in roles associated with banking, investment, insurance, asset management, and payment systems. They may specialize in product development, risk management, financial analysis, or enhancing customer experience. Here are some career paths candidates can pursue after earning their MBA in FinTech.

  • Product Managers: Overseeing the development and enhancement of financial technology products and services, product managers ensure alignment with customer needs and regulatory standards.

  • Financial Analysts: Assisting organisations in assessing financial performance and health, financial analysts offer insights and recommendations crucial for informed financial decision-making.

  • Financial Advisors: Providing advisory services to organisations seeking to adopt or optimize FinTech solutions, financial advisors may work independently or with consulting firms.

  • Finance Executives: As senior professionals, finance executives are tasked with overseeing the financial management and strategy of an organisation, ensuring its financial stability and success.

  • Financial Planners: Guiding individuals and businesses in managing their finances, investments, and financial objectives, financial planners incorporate FinTech tools and platforms into their practices.

Frequently Asked Questions (FAQs)

If you’re an aspiring MBA candidate, chances are you’re familiar with the realm of financial technology, commonly referred to as ‘fintech.’ With the convergence of finance and technology, fintech has emerged as one of the most rapidly growing sectors in recent years.

The MBA FinTech program extends over f two years, comprising four semesters, to equip students for leadership positions within the ever-evolving realms of business and finance. This course not only emphasizes financial studies but also offers perspectives on leveraging technology to augment financial services.

The MBA FinTech program aims to equip individuals to identify opportunities for innovation in the financial services industry, establish new FinTech ventures, and leverage emerging technologies to enhance the resilience of financial institutions

Upon obtaining an MBA in FinTech, individuals can delve into some of the most innovative areas within finance, exploring topics such as blockchain applications, digital currencies, machine learning, and Big Data. Graduates can pursue careers in cybersecurity, blockchain technology, compliance and risk management, quantitative analytics, and artificial intelligence, among others, in the dynamic FinTech industry.

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