The Indira Gandhi National Open University is a well-established distance learning institute that offers degrees to students in various fields. It is AICTE and NCTE approved. The MBA in Banking and Finance program has been established by the school of Management Studies at IGNOU after an MoU between the college and the Indian Institute of Banking and Finance.

The following points highlight a few important aspects of the program.

Fee Structure, and Eligibility:

• The course duration ranges from 2.5 years to 8 years depending on the time the candidate has to complete the degree.

• A total course fee of INR 37,800 is charged for the degree.

• In order to be eligible for the program, the candidate must pass the CAIIB exam with the required qualifications.

• The applicant must also be working in the banking and finance sector for a period of two years at least and a graduate from a recognized university.

Course Structure and Curriculum:

• The course has a total of 21 courses of which include basic, specialization as well as integrative, and project courses.

• In order to obtain the certificate of completion, all 21 courses must be completed by the student.

• Subjects taught include strategic management, ethics, and corporate governance, research methodology, managerial economics, etc.

• Evaluations are carried out in a continuous manner which constitutes 30% of the degree and the other 70% is determined by the term-end examination.

Job Prospects:

• Since the course is a distance learning opportunity, with effective time management, students can study as well as look for courses on the job market.

• This degree from IGNOU will help in gaining promotion as well as provide a job in the public and private sectors.

• Jobs like factory supervision, operation management as well as managerial positions are available for students.

• Other career options include roles in forecasting, purchasing, inventory management, production planning, etc.

Obtaining an MBA in Banking and Finance will open up a lot of new opportunities and definitely provide a career boost with the convenience of completing the degree at the desired pace.

National Institute of Bank Management, Pune is an autonomous institute established by RBI & banks and got recognition by AICTE, from 2013 onwards.

AIMS Institute of Management studies won two awards in 2019. Best innovative management institute in Pune by world education summit and Fast emerging institute for a management course in Pune by SDF international excellence.

Admissions:

NIBM

• The college accepts students based on the CAT, XAT, and CMAT scores with 50% in the bachelor's degree.
• The total fee for MBA in Banking and financial services is 10.23 lakhs.

AIMS

• The college accepts students based on any CAT, MAT, CET, CMAT, AMMI, ATMA, and XAT score with 50% in graduation.
• The total fee for MBA in Finance is 3.69 lakhs.

Faculty:

• Faculties of both NIBM and AIMS are highly qualified and knowledgeable. 
• Every faculty has a doctorate degree in their respective fields of both the college. 
• Faculties provide excellent knowledge to the students, and they teach about the work culture of the corporate world.

Placements:

NIBM

• The placement rate of 2020 is about 100% with the highest package of INR 22 LPA, the average package of INR 9.67 LPA, and the minimum package of INR 6 LPA.
• College does provide internship opportunities and the highest stipend of summer internship 2020 was INR 56000.
• Top recruiters for summer internship 2020 are Axis Bank, State Bank of India, Reserve Bank of India, Federal Bank, Induslnd Bank, Deloitte, Canara Bank, BAJAJ Finserv, HDFC Bank, IDBI Bank, etc.
• Top recruiters of 2020 are Accenture, Aptivaa, Axis Bank Limited, Airtel Payments Bank, Bandhan Bank, HSBC, HDFC, IDBI Bank, Kotak Mahindra Bank, Cognizant, Deloitte, Fincare, Federal Bank, IDFC First Bank, KPMG, Surya, Wipro, etc.

AIMS

• The placement rate of last year is about 100% with the highest package of INR 30 LPA and the average package of INR 6 LPA.
• Top recruiters of 2019 are Aditya Birla Group, Bank of America, HCL, IBM, India Oil, Infosys, TCS, TATA Motors, Voltas, Wipro, V.I.P, Indiamart, Indiabulls, ICICI, L&T, CEAT, FIAT, Tech Mahindra, Future Group, etc.

Above are all the basic details to compare the college, choose as per your requirements. NIBM provides more opportunities for internship and placements whereas AIMS is more affordable.