Banking And Insurance Courses: Eligibility | Best Colleges | Job Prospects

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Banking And Insurance Courses: Banking and Insurance is a term used for companies that provide a range of financial products and services. Banking includes retail, private, corporate, investment, and cards while Insurance covers both life insurance and general insurance. It is a program in which students learn about banking operations, regulations, monetary auditing, and selling of financial products and services. It focuses on the laws of the financial sector, economics, and management. It is a very dynamic course in terms of career opportunities and provides very lucrative career options.

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ALSO CHECK: Most Demanding Private Bank Jobs: Eligibility And Job Role

List of Banking and Insurance Courses

Banking And Insurance Courses
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B.Com in Banking and Insurance

It is a three-year undergraduate course that trains students in different aspects of banking and insurance. It focuses on producing skilled graduates who can solve and withstand any challenge in this industry. Apart from general studies in Commerce, it also emphasizes on accounting, Banking Law, Insurance Law, Insurance risk & regulations, and other concepts of banking and insurance. 

Course Highlights:

Course LevelUndergraduate
Course Duration3 years
Eligibility10+2 with any stream (preferably Commerce)
Selection ProcessMerit-based Or University Level Entrance Exam Followed by personal interview and group discussion rounds
Entrance Exam SyllabusGeneral Awareness, Logical Reasoning & Critical Thinking, English Communication, Quantitative Aptitude
Average Course FeeINR 15,000 to INR 1,00,000 depending upon the institute

Eligibility Criteria:

  • Educational Qualification: The candidate must have passed 10+2 with any stream (preferably Commerce) from a recognized board with a minimum of 55% aggregate marks.

Course Syllabus:

AuditingBusiness Communication
Business Ethics and Corporate governanceBusiness Statistics
Business Tax ProceduresCentral Banking
Corporate Law’s & Law Governing Capital MarketsCost Accounting of Banking & Insurance
Customer Relationship ManagementEquity Debt
Entrepreneurship ManagementEnvironmental Studies
Financial Accounting and ManagementForex Management
Human Resource ManagementInnovations in Banking and Insurance
International BusinessComputer and Information Systems
MathematicsMicro Economics
Principles & Practice of Management and BusinessMarketing in Banking and Insurance
Organizational BehaviorQuantitative Methods
Strategic ManagementUniversal Management

Top colleges in India offering banking and insurance courses (B.Com):

  • Allahabad University
  • Kurukshetra University
  • Manipur University
  • Chandigarh University
  • International College of Financial Planning
  • Indian School of Business Management and Administration

ALSO CHECK: All About B.Com: Eligibility | Top Colleges | Job Prospects | FAQs

M.Com in Banking and Insurance

Master of Commerce in Banking and Insurance Management is a two-year postgraduate course. It prepares the students for a professional qualification in Banking and Insurance and enables them to form a solid base in this field. This course is beneficial if a person wants to go for further studies and research such as PhD and M.Phil.

Course Highlights:

Course LevelPostgraduate
Course Duration2 years
EligibilityB.Com/BBA/Graduation (Honours) in Economics, Accountancy or any other relevant subject from a recognized college with minimum 55% aggregate marks
Selection ProcessMerit or Entrance based

Eligibility Criteria:

  • Educational Qualification: Aspiring candidate must have completed B.Com/BBA/Graduation degree with Honours in Economics, Accountancy, Business, or any other relevant subject from a recognized University with 55% aggregate marks.
  • Admission is provided either based on merit or based on the score in the entrance exam.

Course Syllabus:

Banking, Law, and PracticeBanking, Insurance and Management Accounting
Bank ManagementBusiness Law
Central BankingCost Accounting of Banking and Insurance
Foreign ExchangeForex Management
Innovations in Banking and InsuranceLaws relating to Banking and Insurance
Management ConceptManagement and Practice of General Insurance
Marketing in Banking and InsuranceModern Banking Theory, Law and Practice
Project FinanceUniversal Banking

Top colleges in India offering banking and insurance courses (M.Com):

  • Efforts Institute of Management and Technology, New Delhi
  • P.S. Institute, Pune
  • Maharaja Sayajirao University of Baroda, Vadodara
  • Sri Dharmasthala Manjunatheshwara College – SDM College Ujire, Dharwad

ALSO CHECK: All About M.Com: Eligibility | Top Colleges | Job Prospects | FAQs

BBA in Banking & Insurance

Bachelor of Business Administration in Banking and Insurance is a three- year undergraduate course. It focuses on the basic concepts of Management along with International Banking and Insurance, Treasury Operations, Investment banking, and Project and Infrastructure.

Course Highlights:

Course LevelUndergraduate
Duration3 years
Eligibility10+2 in any stream (preferably Commerce) from a recognized board
Selection ProcessMerit-based Or University level Entrance Exam
Popular Entrance ExamsLPU NET, AUCET, GPAT, Symbiosis SET, IPU CET
Average Course FeeINR 15,000 to INR 5,00,000

Eligibility Criteria:

  • Educational Qualification: The aspiring candidate must have completed 10+2 in any stream from a recognized board with a minimum of 55% aggregate marks.
  • Admission is provided either based on merit or entrance exam conducted by the university.

Course Syllabus:

Corporate Insurance ManagementAdvanced Technology in Banking
Economics for ManagersFinancial Management
Counter operations, Savings Bank, Current Account and RemittancesHuman Resource Management
Insurance ManagementBusiness Mathematics
Macro Economics for BusinessMarketing Management
Strategic Credit ManagementStatistics for Management
Team ManagementTreasury Management
Merchant Banking & Financial ServicesHousing, Vehicle, Consumer, and Personal loans.

Top universities in India offering banking and insurance courses (BBA):

  • Guru Gobind Singh Indraprastha University
  • Delhi Institute of Rural Development
  • Manav Rachna International University
  • Dr DY Patil University

ALSO CHECK: All About BBA: Courses | Eligibility | Top Colleges | FAQs

MBA in Banking & Insurance

Master of Business Administration in Banking and Insurance is a two-year postgraduate course. It provides technical as well as practical knowledge of banking and insurance along with subjects of business. It provides the candidates with basic knowledge of banking and insurance markets.

Course Highlights:

Course levelPost-graduation
Duration2 years
EligibilityBachelor’s degree in any stream from a recognized university
Selection ProcessEntrance Exam followed by Group discussion and Personal Interview Round
Popular Entrance ExamsCAT, MAT, SNAP, GMAT
Average Course FeeINR 10,000 to INR 10,00,000

Eligibility Criteria:

  • Educational Qualification: Aspiring candidates should have a Bachelor’s degree in any stream from a recognized college/university with a minimum of 50-55% aggregate marks.
  • Some colleges provide admission on the basis of Common Entrance Tests.

Course Syllabus:

Principles and Practices of ManagementInsurance Management
Communication ManagementInsurance Product
Principles and Practices of BankingEconomics for Managers
Financial ManagementMarketing Management
Merchant Banking & Financial ServicesOrganizational Behavior
Resource mobilization and marketing of banking servicesStrategic credit management
Fundamentals of infrastructure project financingCorporate Insurance Management
Mutual funds and portfolio managementLegal aspects of banking

Top universities in India offering banking and insurance courses (MBA):

  • Guru Gobind Singh Indraprastha University
  • Indore Management Institute
  • International Management Institute
  • Birla Institute of Technology
  • AIMS Institute of Management Studies
  • Pondicherry University

ALSO CHECK: All About MBA – Eligibility, Best Institutes & Specialisation Courses

Banking and Insurance Career Prospects

EMPLOYMENT AREAS

  • Banks
  • Investments
  • Insurance Industry
  • Savings and Loan Associations
  • Consultancies
  • Indian civil services
  • Indian economic services
  • Research Agencies
  • Health Department
  • Automobile Industry
  • Credit Union
  • Mortgage Company
  • Savings and Loan Associations

JOB PROFILE

  • Accountant
  • Financial Advisor
  • Marketing Agent
  • Sales Representative
  • Asset Manager
  • Development Officer
  • Investment Analyst
  • Personal Financial Advisor
  • Treasurer
  • Investment Banker
  • Insurance Manager
  • Credit and Risk Manager
  • Financial Advisor
  • Loan Counsellor
Banking And Insurance Courses
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Banking and Insurance Courses: Frequently Asked Questions (FAQs)

  • Is it mandatory to pursue MBA after BBA in Banking and Insurance?

No, it is not mandatory to pursue MBA after BBA. After the completion of a BBA degree, you can opt for a job or can give exams to get a government job. However, if want to go for further higher studies such as research or simply want to earn a better package then doing an MBA would be beneficial.

ALSO CHECK: Most Demanding Finance Jobs For 2020: Eligibility And Salary

  • Is pursuing a course in Banking and Insurance beneficial?

Yes, Banking and Insurance are one of the top specializations. This is full of lucrative career opportunities. There are numerous national as well as private banks in the country which offers great career opportunities in the banking sector. They also offer a handsome salary package which increases with the skills, expertise, and experience of the candidate.

  • Can you suggest some of the top recruiting companies in this field?

ICICI Bank, HDFC Bank, Tata AIF Life, Reliance, Birla Sun Life, HDFC Standard Life-Insurance Co., Kotak Mahindra, Axis Bank are some of the top recruiters.