1 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 courses in banking and insurance - Bachelor of Banking & Insurance (BBI), B.Com Banking and Insurance, M.Com. Banking & Insurance, MBA in 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 opens room for various employment opportunities. You can find scope in government and private banks, insurance companies, consultancies, MNCs, Indian Civil Services, and others.

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 more 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, more.
  • 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 online courses, you will gain insights into how these sectors function and understand innovations and marketing in baking and insurance.
  • Banking and insurance courses online also provide you with knowledge of strategic management, central banking, microeconomics, 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, enrolling in banking and insurance certification courses is 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 cost.

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

Rs 2,159

Intensive Course on Banking & Finance

Udemy

8 Hours

Rs 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

Rs 3,649

Certificate Programme in Banking, Finance, and Insurance 

Bajaj Finserv Activate

105 Hours

NA

Certificate in Banking and Insurance Laws

Enhelion 

Self-paced

Rs 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 Rs 402,365 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

Rs 252,668

Investment Banker

Rs 966,410

Auditor

Rs 505,280

Insurance Manager

Rs 626,334 

*Source: PayScale and Glassdoor

Popular Online Finance Courses and Certifications

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
  • HSBC
  • HDFC Bank
  • SBI Life Insurance
  • Kotak Mahindra
  • Aditya Birla Sun Life Insurance

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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 cost.

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 is the scope of banking and insurance 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 Rs 966,410 p.a.

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Online Degree

MBA Banking Financial Services and Insurance

Manipal University, Jaipur is offering an online MBA degree in Banking, Financial Services and Insurance to all aspiring candidates. All those who have passed their graduations with at least 50% marks (45% in case of reserved category) from a recognised university can apply for the online MBA Banking, Financial Services and Insurance. Spread across four semesters, the online MBA Banking, Finance Services and Insurance at Manipal University will equip students with the dynamics of Banking and Insurance, Bank Management, Business Leadership, Life Insurance Management, and General Insurance Management. The total fee of the course is Rs 1,50,000.

...Read More
24 Months
1,50,000

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