MBA Banking and Insurance Management
MBA in Banking & Insurance Management is a 2-year postgraduate Banking and Insurance course, the minimum eligibility is Graduation from a recognized college or its equivalent exam. Admission to this course depends on the student’s performance in a relevant entrance test and the consequent round of counselling.
MBA in Banking and Insurance is a postgraduate Banking program. The degree course is the study of fundamentals as well as concepts in the banking and Insurance. MBA in Banking & Insurance degree program covers the study of the fundamental concepts of management with specialised training in subjects for example International Banking and Insurance, Risk Management, Treasury Operations, Project & Infrastructure, Investment Banking, etc.
The master’s degree program in Banking and Insurance Management is a dedicated business studies field and is a dual master’s degree which provides technical, expert as well as practical knowledge of banking and insurance along with the combinational management subjects for business as well. MBA in Banking and Insurance course is first of its kind in North-India and is planned at developing world-class banking and insurance sector capabilities.
The applicants are groomed both in theoretical and practical aspects of domestic and international banking as well as in the domain of the booming insurance sector. The programme prepares the applicants to apply their all-around knowledge-based learning to the financial world at large, for example, wealth management, portfolio management, investment banking, financial and business consulting, risk management, financial and investment research, and general and life insurance services.
MBA in Banking and Insurance Management is a method for assurance of financial loss. MBA in Banking and Insurance Management provides applicants with a basic knowledge of the Banking and insurance markets. Degree courses are designed to develop efficient and updated financial and insurance planners. It helps to provide applicants with a basic understanding of the financial and insurance markets.
MBA in Banking and Insurance Management Course Highlights
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Course Level
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Post Graduate
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Duration of the Course
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2 years
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Examination Type
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Semester and Annual
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Eligibility
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Graduation
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Admission Process
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Entrance exam and Merit Based
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Top Recruiting Companies
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ICICI Bank, HDFC Bank, General Insurance Corporation (GIC), ICICI Prudential, Life Insurance, Tata AIF Life, Reliance, Birla Sun-Life, Max New York Life, HDFC Standard Life- Insurance Co., SBI, Life Insurance, Life Insurance Corporation of India, HSBC Bank, Yes Bank, Kotak Mahindra, Axis Bank, IDFC bank etc.
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Top Job Areas
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Colleges & Universities, Banks, IT Companies, Multinational Organizations, Insurance Departments, Media Houses etc.
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Top Job Positions
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Financial Analyst, Credit & Risk Manager, Marketing & Sales Manager, Loan Counsellor and Sales Officer, Credit Analyst, Investment Banker, Account and Auditor, Stock Analyst, Asset Manager, Agent & Broker, Insurance Manager, Operations Manager, Marketing and Sales Manager, Financial Manager, Management Analyst, Accountants and Auditor, Credit Analyst, Financial Analyst, Personal Financial Advisor, Loan Counsellor etc.
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Eligibility for MBA Banking & Insurance Management
A bachelor`s degree in any discipline is required for pursuing an MBA degree in Banking & Insurance. Some reputed colleges and universities conduct a common entrance test for admission into its management programs.
The common entrance exams include various papers such as General English, Data Analysis and Interpretations, Problem Solving, Numerical Ability, Logical Reasoning, Quantitative Aptitude and General Awareness.
MBA in Banking and Insurance Management Syllabus
A semester-wise breakup of the course syllabus is tabulated below.
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Semester I
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Semester II
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Principles and Practices of Management
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Insurance Management
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Communication Management
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Insurance Product
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Accounting for Managers
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Marketing Management
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Principles & Practices of Banking
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Marketing Information System
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Economics for Managers
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Banking & Insurance Management
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Financial Management
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Merchant Banking & Financial Services
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Semester III
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Semester IV
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Statistic for Management
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Resource mobilization and marketing of banking services
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Organizational Behaviour
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Counter operations, savings bank, current account and remittances
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Team management
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Retail Insurance management (housing, vehicle, consumer and personal loans, etc);
OR advance technology in banking (ATM, Internet banking, etc)
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Strategic Credit management
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Fundamentals of infrastructure project financing
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Legal Aspect of Banking
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Corporate Insurance management
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Treasury & Risk Management
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Mutual funds and portfolio management
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MBA in Banking and Insurance Admission Process
• The admission process for MBA in Banking and Insurance courses is based on entrance exams as well as the academic qualifications of a student. Given below are some of the important details regarding the admission process of MBA in Banking and Insurance course.
• Candidate must appear for an MBA entrance exam accepted by their college. Some colleges may also conduct their own entrance exams for MBA admissions.
• Candidates who have scored more marks than the cutoff specified by their college are shortlisted for the admission process.
• Depending upon the college, candidates may then be asked to appear for a selection process defined by the college.
• The selection process may include stages such as WAT, GD and PI.
• The final selection is generally done on the basis of the previous academic performance, score in entrance exam and the performance of a candidate in the selection process.
• Some colleges also offer direct admission to MBA courses on the basis of merit in graduation.
MBA in Banking and Insurance Career Prospects
Usually, graduates with knowledge in both finance and management are employed by banks for various posts based on All India Examination. Although finance and management graduates may have an edge over other aspirants, any applicants from any stream are eligible to enter this field by qualifying the entrance exams which are being conducted by banks every year. At senior level banks opt for experienced bankers.
Generally, banks look for those students who have good communication skills and have the ability to handle customers and possess basic knowledge about the industry. One needs to specialize in certain specific areas such as credit appraisal, loan and foreign exchange to be eligible for joining an overseas bank or private sector bank at senior level positions.
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JOB POSITION
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JOB DESCRIPTION
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Investment Banker
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Investment bankers are responsible to assume a role in helping their client’s raise funding to back various activities and develop their organizations.
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Insurance Manager
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An Insurance Manager is In responsible of managing operations within a protection rehearse. Oversees specialists, agents, and appraisers.
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Credit and Risk Manager
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Risk managers are responsible to exhort organization on any potential risk to the productivity and presence of the enterprises. They evaluate and distinguish threats, set up plans place for if things become bad and opt how to keep away from, decrease or transfer risks.
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Financial Advisor
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A Financial Advisor is responsible for providing help to clients for their long-term as well as short-term financial goals.
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Loan counsellor
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A Loan Counsellor is responsible for processes a customer’s application materials, checking the information and works with the customers to come up with a financial plan.
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Conclusion
Students after completing this course can opt for various job roles in the field of Banking and Insurance such as Accountant, Financial Advisor, Insurance Manager, Investment Banker and Financial Analyst. The course curriculum combines both theory and practical teaching methods to provide students with both the necessary theoretical knowledge and hands-on experience to make them ready for future careers.