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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List of Banking and Insurance Courses
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 Level | Undergraduate |
| Course Duration | 3 years |
| Eligibility | 10+2 with any stream (preferably Commerce) |
| Selection Process | Merit-based Or University Level Entrance Exam Followed by personal interview and group discussion rounds |
| Entrance Exam Syllabus | General Awareness, Logical Reasoning & Critical Thinking, English Communication, Quantitative Aptitude |
| Average Course Fee | INR 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:
| Auditing | Business Communication |
| Business Ethics and Corporate governance | Business Statistics |
| Business Tax Procedures | Central Banking |
| Corporate Law’s & Law Governing Capital Markets | Cost Accounting of Banking & Insurance |
| Customer Relationship Management | Equity Debt |
| Entrepreneurship Management | Environmental Studies |
| Financial Accounting and Management | Forex Management |
| Human Resource Management | Innovations in Banking and Insurance |
| International Business | Computer and Information Systems |
| Mathematics | Micro Economics |
| Principles & Practice of Management and Business | Marketing in Banking and Insurance |
| Organizational Behavior | Quantitative Methods |
| Strategic Management | Universal 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 Level | Postgraduate |
| Course Duration | 2 years |
| Eligibility | B.Com/BBA/Graduation (Honours) in Economics, Accountancy or any other relevant subject from a recognized college with minimum 55% aggregate marks |
| Selection Process | Merit 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 Practice | Banking, Insurance and Management Accounting |
| Bank Management | Business Law |
| Central Banking | Cost Accounting of Banking and Insurance |
| Foreign Exchange | Forex Management |
| Innovations in Banking and Insurance | Laws relating to Banking and Insurance |
| Management Concept | Management and Practice of General Insurance |
| Marketing in Banking and Insurance | Modern Banking Theory, Law and Practice |
| Project Finance | Universal 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 Level | Undergraduate |
| Duration | 3 years |
| Eligibility | 10+2 in any stream (preferably Commerce) from a recognized board |
| Selection Process | Merit-based Or University level Entrance Exam |
| Popular Entrance Exams | LPU NET, AUCET, GPAT, Symbiosis SET, IPU CET |
| Average Course Fee | INR 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 Management | Advanced Technology in Banking |
| Economics for Managers | Financial Management |
| Counter operations, Savings Bank, Current Account and Remittances | Human Resource Management |
| Insurance Management | Business Mathematics |
| Macro Economics for Business | Marketing Management |
| Strategic Credit Management | Statistics for Management |
| Team Management | Treasury Management |
| Merchant Banking & Financial Services | Housing, 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 level | Post-graduation |
| Duration | 2 years |
| Eligibility | Bachelor’s degree in any stream from a recognized university |
| Selection Process | Entrance Exam followed by Group discussion and Personal Interview Round |
| Popular Entrance Exams | CAT, MAT, SNAP, GMAT |
| Average Course Fee | INR 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 Management | Insurance Management |
| Communication Management | Insurance Product |
| Principles and Practices of Banking | Economics for Managers |
| Financial Management | Marketing Management |
| Merchant Banking & Financial Services | Organizational Behavior |
| Resource mobilization and marketing of banking services | Strategic credit management |
| Fundamentals of infrastructure project financing | Corporate Insurance Management |
| Mutual funds and portfolio management | Legal 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: 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.
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- 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.