3 Courses and Certifications

Online Banking And Insurance Courses & Certifications

In any country’s economic development, the banking and insurance sector has a crucial role to play. The industry provides people with access to financial services and fulfils their financial needs. In India, banking and insurance are rapidly evolving sectors and sought-after career options for students, especially those who have studied commerce in 10+2. Candidates who want to build a career in the banking field can find banking and insurance courses a great choice.

Many institutions in India offer undergraduate, postgraduate, and diploma in banking and insurance courses - Bachelor of Banking & Insurance (BBI), B.Com in Banking and Insurance, M.Com. Banking & Insurance, MBA Banking Insurance Management, and Diploma in Banking and Insurance. There are also many banking and insurance certification courses online offered by top universities.

Since the banking sector is considered one of the best industries in terms of lucrative career paths, pursuing banking and insurance courses open room to various employment opportunities. You can find scope in government and private banks, insurance companies, consultancies, MNCs, Indian Civil Services, etc.

What are Banking and Finance?

The banking and insurance sector is an indispensable sector that deals with financial services and products. The sector provides financial services to individuals to fulfil their financial needs. The financial sector in India is dominated by both banking and insurance companies and is much attractive in terms of long-term investment.

Who Can Pursue Banking and Insurance Courses?

  • Individuals who are looking for a career in the financial field.
  • Candidates who want in-depth knowledge regarding banking and insurance.
  • Students who seek a higher level of course in banking and insurance.
  • Candidates who have a desire to go for a job opportunity in the banking and insurance sector.

Eligibility Criteria for Banking and Insurance Courses

  • Candidates who have completed their class 12 education, specifically in commerce subject, with at least 50% marks can pursue BBI/ B.Com/ BBA in banking and insurance.
  • For postgraduate banking and insurance courses, candidates must have cleared a bachelor’s degree programme in the same field or equivalent from a recognised university.
  • Candidates aspiring to land a successful career in this field can also opt for professional courses such as CFA, ICI, ICAI, etc.
  • Most institutions provide admission to banking and insurance courses through entrance exams, including DU JAT, CUET, AMU Entrance Test, and JMI Entrance Exam.

Skills Required for Banking and Insurance Courses

What Will You Learn in Banking and Insurance Courses?

  • As banking is a broad field, pursuing online banking and insurance courses and certifications will teach you the concepts of banking, accounting, banking law, insurance law, and financial service management.
  • With banking and insurance courses, you will gain insights into how these sectors function and understand innovations and marketing in baking and insurance.
  • Banking and insurance courses also provide you with knowledge of strategic management, central banking, micro-economics, financial markets, international banking & finance, security analysis and portfolio management, cost accounting, and more.

Popular Banking and Insurance Certification Courses

If you are willing to pursue a career in the banking field, banking and insurance certification courses are the best choice. Banking and insurance certification courses are online courses that you can study from top institutions anytime and anywhere. Many institutions offer online banking and insurance courses free or at a few costs.

Here’s the list of some of the best banking and insurance certification courses:

Course Name

Offered by

Duration

Fees

Fundamentals of Banking and Insurance

Savitribai Phule Pune University, Pune via Swayam

6 Weeks

Free

Financial Mathematics

IIT Roorkee via Swayam

12 Week

Free

Financial Markets

Yale University via Coursera

33 Hours

INR 2,159

Intensive Course on Banking & Finance

Udemy

8 Hours

INR 385

Certificate Course in Banking

Welingkar Institute of Management Development

6 Months

NA

Digital Competition in Financial Services

Copenhagen Business School via Coursera

12 Hours

INR 3,649

Certificate Programme in Banking, Finance, and Insurance 

Bajaj Finserv Activate

105 Hours

NA

Certificate in Banking and Insurance Laws

Enhelion 

Self-paced

INR 1,999

Career Options in Banking and Insurance

There are numerous career opportunities after completing online banking and insurance courses and certifications. As finance exists in every business function regardless of industry, you can explore various jobs in both public and private organisations. You can go into a variety of employment areas such as economic consultancy, healthcare, Indian Civil Services, Indian Economic Services, insurance companies, mortgage companies, automobile firms, financial institutions, credit companies, business schools, and educational institutes. In addition to these, there are many banking and insurance exams conducted every year, including SBI PO, SBI SO, SBI JA, IBPS PO, IBPS Clerk, and LIC AAO, to get placed in the government sector with handsome salary packages. 

Below are some lucrative job options available to you after banking and insurance courses:

Banking and Insurance Salary Trends

With an increasing demand for banking and insurance professionals, companies pay an attractive salary package to candidates who have relevant qualifications, skills and experience. According to PayScale, the average salary of a Financial Advisor in India is INR 398,084 p.a. The pay may also vary depending on employers and the job location.

Salary based on job profiles:

Job Profiles

Average Base Pay (annually)

Accountant

INR 249,455

Investment Banker

INR 904,722

Auditor

INR 487,745

Insurance Manager

INR 618,744 

*Source: PayScale and Glassdoor

Scope of Banking and Insurance

The scope of banking and insurance is incredible in India and abroad. The banking and insurance industry is one of the indispensable industries delivering financial services and fulfiling the needs of individuals. This is not only a rapidly evolving sector but also a sought-after career option for students, graduates and professionals. With banking and insurance courses, you will have a wide-ranging career scope in diverse fields. Some of the popular fields are financial services, insurance companies, mortgage companies, automobile firms, banks and business schools, healthcare, credit organisation, Indian Economic Services, educational institutions, and more.

Top Recruiters for Banking and Insurance Professionals

ICICI

Bajaj Allianz Life Insurance 

SBI Life Insurance

HSBC

HDFC Bank

Kotak Mahindra

TATA AIA Life Insurance

Aditya Birla Sun Life Insurance

FAQs

Q: Can I do banking and insurance courses online for free?

A: Many top institutes offer online banking and Insurance courses free of cost with both lifetime and limited access to learning materials.

Q: How long are banking and insurance certification courses?

A: The duration of banking and insurance certification courses will rely on the course and provider institutes.

Q: How much does banking and insurance courses cost?

A: Some online banking and insurance courses are available for free, while others are at a few costs.

Q: Who is eligible for banking and insurance courses?

A: Anyone interested in building a career in the field of banking can apply for online banking and insurance courses and certifications.

Q: What skills do I require for banking and insurance courses?

A: You must have a unique set of skills such as problem-solving, strong mathematics, good managerial skills, communication skills, and basic technical skills.

Q: What do I do after banking and insurance certification courses?

A: After completing online banking and insurance courses and certifications, you can find a plethora of career opportunities in the fields of banking, finance, insurance, automobile, healthcare, mortgage, and education.

Q: How much can I earn after online banking and insurance courses?

A: As an Investment Banker, you can earn an average salary of INR 904,722 p.a.

Career Category
Specialization
Skills

Pricing

-
To
Financial Mathematics

Offered by

Certificate

Financial Mathematics

The Financial Mathematics programme is an AICTE approved FDP course. It will be influential for interested candidates who want to learn about the mathematical properties and relations between economic activities and investment markets. The programme is designed by IIT Roorkee in collaboration with the NPTEL team. Professor Pradeep Kumar Jha from IIT Roorkee will be the instructor and educator for the programme. 

Financial Mathematics certification course is a twelve-week course that uses video lectures, assignments, and an in-person proctored exam as learning tools. Participants of the course will be well versed in various topics such as financial transactions, portfolio investments, forecasting and analysing market developments, and much more. 

Financial Mathematics by Swayam offers certification and requires its participants to have a basic foundation of mathematics and probability. It also lists books that can be referred to for additional information. Candidates need to sign up on the Swayam website to gain access to this online course. All the course material and video lectures are available for free upon enrollment. 

...Read More
12 Weeks
Free
Certificate

Fundamentals of Banking and Insurance

This course of banking and insurance is an online course which is offered by the platform of Swayam. The Fundamentals of Banking and Insurance certification covers the broad aspect of banking and insurance. This programme mainly deals with topics like introduction to the two different sectors, how things take place in both the sectors, how these fields have evolved over the period of time, etc. Candidates who pursue this course will gain information on all the basics and fundamentals of these sectors and will be able to gain an understanding of the topics. 

The course is a 6 weeks long programme and students who join this course will be able to get access to the study material for as long as they want without paying the Fundamentals of Banking and Insurance fees. However, candidates who wish to attain a certificate for the course need to pay the quoted amount mentioned on the official website and have to appear for an offline exam. 

Students can get benefitted from the programme as it is a self-paced programme. They can access the video or audio lectures provided by the mentor in the Fundamentals of Banking and Insurance online course at any time free of cost. Participants can also clear their doubts regarding any topic in the discussion group created for the students. There will be self-assessment quizzes and assignments after the completion of the topics in order to provide a better understanding of the subject matter to the students.

...Read More
6 Weeks
Skills Covered:
Knowledge of banking

Articles

Popular Articles

Latest Articles

Trending Courses

Popular Courses

Popular Platforms

Learn more about the Courses

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

Careers360 App
  • 150M+ Students
  • 30,000+ Colleges
  • 500+ Exams
  • 1500+ E-books
  • Economic Times
  • Financial Express
  • Firstpost
  • Livemint