Higher data rates, higher mobility, lower latency, and better quality of service are the prime requirements for future communication systems. It is expected to provide connectivity to the Internet of everything, time-sensitive/time-engineered application, and service to high-fidelity holographic society. Its performance in terms of data rate, latency, synchronization, security, and reliability will be much better compared to 4G and 5G mobile communication systems. This paper investigates the performance of the pulse shaping-based filter bank multicarrier (FBMC) modulation technique used in 5G mobile communication systems. Simulation results show that the FBMC system has a better performance compared to the conventional orthogonal frequency division multiplexing (OFDM) system in terms of many parameters such as achievable channel capacity, signal to noise ratio, time, and frequency response, out of band leakage, etc.