- Fees: ₹ 156,850
What is Banking and Insurance
Banking and insurance are quite common for the students who already studied commerce in their 10+2 level. It is a very popular field as there are millions of employees working in this field every single day. Banking and insurance is one of those fields in this country where growth opportunities are vast and wide.
On the other hand, banking and insurance is one of the safest fields, and for the employees, the job is more stable than some other fields. For new employees, it is a very good career option to choose as job opportunities are plenty and quite satisfying.
From several banks and insurance companies to top MNCs, lots of high-profile jobs with mouth-watering packages are available in this country. People get selected at different posts. Therefore, banking and insurance sectors have an ample amount of opportunities for all.
Eligibility Criteria (UG & PG) of Banking and Insurance
The basic eligibility criteria to get admission into any institute is somehow the same. Here are the basic requirements to get admission into different courses for banking and insurance.
For UG courses
Students must complete his/her 10+2 education from a recognized Board.
A student must have a Science, preferably Commerce subject as his/her main subjects during the 10+2 level.
Students must have a minimum of 50% (45% for SC/ST/OBC candidates) marks on aggregate in his/her 10+2 level.
For PG courses
Banking and Insurance Entrance Exams for UG courses:
Students willing to choose a career in banking and insurance sector, he/she may opt to either choose commerce at the UG level. However, there are some professional courses available such as CFA, ICI, and ICAI, etc. Given below are the top entrance exams to pursue banking and insurance courses:
CUET (Christ University Entrance Test):- Christ University Entrance Test is conducted every year to take candidates in different UG courses along with B. Com in International Finance, B. Com (Hons), and B. Com (Professional) courses.
DU JAT (Delhi University Joint Admission Test)- Delhi University Joint Admission Test is an All India level entrance test conducted by NTA (National Testing Agency) for Bachelor of Business Administration (Financial Investment Analysis) and BA (Hons) in Business Economics programs in different colleges affiliated to Delhi University. The exam is conducted online in 20 cities all over India on Quants, Reasoning, General English, GA, and Business.
AMU Entrance Exam- Aligarh Muslim University Entrance Exam is organized by the university to select the eligible candidates for admissions to its undergraduate courses. There are two types of entrance tests available here, i.e., university-level tests and departmental tests. The entrance exam is a pen-paper based test for all courses.
JMI Entrance Exam- Jamia Millia Islamia (JMI) University takes the Jamia Millia Islamia entrance exam to select candidates for admission in various UG courses including Commerce. The national-level entrance exam is conducted in every ear, and it is a pen-paper based test.
Banking and Insurance exam for PG courses:
BHU PET (Banaras Hindu University Postgraduate Entrance Test)- Banaras Hindu University Postgraduate Entrance Test (BHU PET) is an entrance exam for admissions to the PG programs available along with postgraduate programs in Commerce.
Other than the above-mentioned exams, there are some courses like a diploma, part-time, and online certification courses are available in banking and insurance sectors where the respective institute conduct their entrance exam.
Scope of Banking and Insurance in India and Abroad
There are a lot of areas to explore for the students to opt for banking and insurance. Here are some areas where they will work in the future after completion of their respective degrees/ courses.
Government Sector (Banking, Finance, and Insurance sector)
MNCs (Banking, Insurance, and Finance sector)
Freelancing (Consultant, Advisor, Strategist, Agent, Assistant, Marketing Agent, and more.
Course Fees Banking and Insurance
|Minimum Fees||Maximum Fees|
The subjects taught in different institutes for banking and insurance are somehow the same. Here is a list of subjects which are in these courses at the Graduation level as follows:
Introduction to Computer Systems
Management of Financial Services
Business Ethics & Corporate Governance
Innovations in Banking & Insurance
Marketing in Banking & Insurance
Financial Services Management
International Banking & Finance
Security Analysis and Portfolio Management
Cost Accounting of Banking & Insurance
Careers in Banking and Insurance
There are plenty of options to explore after the completion of the banking and insurance course. A student may get job offers from different organizations in the private sectors.
However, there are numerous banking and insurance exams conducted every year, such as SBI PO, IBPS PO, SBI SO, SBI Clerk, IBPS Clerk, and LIC AAO. By those exams, thousands of graduates get placed every year in the government sector with good packages.
Browse online banking and insurance courses
|MBA Banking Financial Services and Insurance||Financial Mathematics||Fundamentals of Banking and Insurance|
View complete list of online banking and insurance courses
Job Profiles and Top Recruiters
Here are two tables which may give you some insight into the possible job profile in banking and insurance sector and its salaries in detail.
They used to work with responsibilities along with the administration. They work on a tight schedule to maintain records of details, support the administration, update the records from time to time, and more. Accountants make tax returns, record financial statements, talk to the clients and ask about their requirements, etc. They might have to perform additional duties at times if required.
A Financial Advisor is known as a Financial Planner. He will provide information to his clients. He will tell what should do and what should not. To be a successful financial advisor, candidates require field experience before working. Financial organizations usually ask for the candidates who have done internships in the respective fields.
One of the important persons in the insurance organization. They are well aware of the plans and norms about any kind of health or property insurance the company offers. However, they have to notice all other factors while offering any insurance from the company he is working for. Therefore, he not only offers a plan but also keeps a close eye on every single factor.
Cashiers used to perform duties related to cash. The entire case handling with the customers is done with the customer. However, they might have to perform some kind of sales duties, promote some products, or influence the customers to buy some plans or products, etc. There is no previous experience required for this job. Freshers can get such jobs.
A Loan Counsellor is a person who works for any financial organization. His work is to check and verify the information and application of a client to offer the client a financial plan. He will explain the details about the plans regarding the terms and conditions related to the plan he offered. He might have to answer the questions of the client and to satisfy his queries.
Top Recruiters in Banking and Insurance Sector
For Banking- Banks are used to recruiting in the post of PO (Probationary officer), Clerk, and more. There are a lot of Government and Private banks in the country who used to recruit employees. They are State Bank of India, Union Bank of India, Punjab National Bank, Bank of India, Bank of Baroda, HDFC Bank, Axis Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra, etc.
- For Insurance
- Bajaj Allianz Life Insurance Co. Ltd.
- HDFC Standard Life Insurance Co. Ltd.
- SBI Life Insurance Co. Ltd.
- Max Life Insurance Co. Ltd.
- Kotak Mahindra Life Insurance Co. Ltd.
- Aditya Birla Sun Life Insurance Co. Ltd.
- ICICI Prudential Life Insurance Co. Ltd.
- TATA AIA Life Insurance Co. Ltd.
Average annual salary
Rs. 2-3 Lakhs p.a. (Approx.)
Rs. 4-6 Lakhs p.a. (Approx.)
Rs. 5-6 lakhs p.a. (Approx.)
Rs. 2-3 Lakhs p.a. (Approx.)
Rs. 2-3 Lakhs p.a. (Approx.)
Required Skillset for Banking and Insurance
Banking and insurance offer a wide area to explore for the candidates. Here are the few factors and skillset, which makes a candidate ideal for such courses.
Candidates must have a mindset to learn and adapt to the system of different areas of Banking and Insurance.
Candidates can handle customers.
They should have basic knowledge about the Banking and Insurance sector.
Candidates must have the ability to learn thorough understanding and use in the practical application of the theory he/she learned.
Candidates with good business communication skills are advantageous.
Candidates who already learned Business Economics, Accountancy, Financial Management, Mathematics, and Statistics in their 10+2 standard.
Course Curriculum for Banking and Insurance
- For UG course- UG courses are usually 3 years long. They are semester based; each year has two semesters. Therefore, students have to study for 6 semesters to get it done.
- For PG course- PG courses may differ. Master degrees are usually two years long with 4 semesters. Whereas there are some diploma and certificate courses available for 1 year only.
Popular Banking and Insurance Entrance Exams in India
Popular Banking and Insurance Colleges in India VIEW ALL
Questions related to Banking and Insurance
which job is higher salary for BOM.Banking and Insurance
B.com in Banking and Insurance is an undergraduate course of 3 years.
Candidates having Commerce stream in 10+2 are eligible to take admission with an aggregate percentage of 50%.
AFTER COMPLETING THE COURSE, CANDIDATES ARE AWARDED WITH VARIOUS JOB OPPOPPORTUNITIBY VARIOUS RECRUITERS.
CITY BANK AND MORE.
RECRUITING AREAS :
SAVING AND LOAM ASSOCIATIONS AND MORE.
TOP JOB PROFILES :
SALES REPRESENTATIVE AND MORE.
AVERAGE STARTING SALARY- INR 2 -,20 LAKHS.
FINANCIAL ANALYST, INVESTMENT BANKER AND BROKER, INVESTMENT ANALYST ,BUDGET ANALYST AND BUDINEDD OPERATION MANAGER ARE SOME OF THE TOP PROFESIONAL AND HIGHEST PAID JOBS .
what is the difference between in bba banking and insurance or bba general
BBA general refers to the basic BBA course with no specialization. One pursuing BBA has to study all topics/branches in it and later can choose the one most interested in PG studies.
Whereas, BBA in banking and insurance refers to a specialization in the said category of BBA. So, you might have to study theory and practical more in the specialization you chose.
Hope this helps,
All the best!
top 10 banking and insurance college in india
Top 10 colleges in India where you can pursue different courses related to Banking and Insurance are enlisted below :-
- School of Management, Dr DY Patil University, Navi Mumbai
- Institute of Public Enterprise, Hyderabad
- Hindustan Institute of Technology and Science, Chennai
- Goa Institute of Management, Goa
- Guru Gobind Singh Indraprastha University, Delhi
- Aligarh Muslim University, Aligarh
- Amity University, Noida
- Symbiosis University of Applied Sciences, Indore
- Rajiv Gandhi University, Itanagar
- Siva Sivani Institute of Management, Secunderabad
For complete list refer to the link given below :-
I hope this information helps you.
top UG COURSE for b.com banking and insurance college
Here I'm listing some of the top Banking, Finance and Insurance Colleges in India:
1. Indian school of Business and Finance, New Delhi
2. Lovely professional University, Jalandhar
3. Chandigarh University, Chandigarh
4. Indian Institute of Management Calcutta
5. Indira Institute of Management, Pune
6. KjSoumya Institute of Management, Mumbai
7. Shaheed Sukhdev College of business studies ,New Delhi
8. Delhi University, New Delhi
9. Doon Business School, Dehradun
10. Pondicherry University, Pondicherry
Hope this helps, all the best.
top UG COURSE for banking and insurance college in Delhi
As you have a keen interest in Banking and Insurance you should opt BBA with Specialization Banking and Insurance.
There are many good colleges in Delhi which offered this course list given below:
- Vivekananda Institute of Professional Studies, Delhi. BBA Banking and Insurance. ...
- Guru Gobind Singh Indraprastha University, Delhi. ...
- Maharaja Surajmal Institute, New Delhi. ...
- Sri Guru Tegh Bahadur Institute of Management and Information Technology, Delhi. ...
- Delhi Institute of Rural Development, Nangli Poona, Delhi.
All the Best