B.B.A. in Banking and Insurance is a 3-year full-time undergraduate graduate course divided into 6 semesters. The course focuses on the Banking and Insurance sector and its many sub-divisions.
The program involves the application of concepts of Banking and Insurance studies the fundamentals and concepts used and practiced in the banking and insurance sectors. B.B.A. (Banking & Insurance) covers the study of the basic concepts of administration with skilled training in discipline such as Treasury Operations, International Banking and Insurance, Investment Banking, Risk Management, Project & Infrastructure, etc. BBA programs and the last two concentrate and focus on the specialized subjects and topics related to the fields of Banking & Insurance. The program is a specialized study of:
- Banking concepts used in stages such as Advance Technology in Banking (ATM, Internet Banking, etc.)
- Counter Operations, Savings Bank, Current Account and Remittances
- Corporate Insurance management Economics for Managers Financial Management
- Housing, Vehicle, Consumer and Personal Loans, etc
- Human Resource Management Insurance Management Insurance Products Legal Aspects of Banking
- Management Information Systems
- Marketing Management
- Merchant Banking & Financial Services
- Organisational Behaviour
Top Colleges for Bachelor of Business Administration [BBA] (Banking and Insurance)
The B.B.A. Banking and Insurance programme provides students with a basic understanding of the financial and insurance markets and creates efficient and up-to-date financial and insurance planners. Introduction to overall competition and deregulation in Indian financial sector has prompted the demand and facility of better quality insurance products and services. Students can also take up the job of lecturers/teachers in several universities and colleges after attaining higher qualifications.
Some of the top institutes that offer the course in India are listed here:
- Manav Rachna International University, Faridabad
- ICFAI University, Ranchi
- Sharda University, Greater Noida
- Elphinstone College, Mumbai
- Amity University, Noida
Some of the top entrance tests conducted for admission to the course in India are:
The basic eligibility criterion for pursuing B.B.A. (Banking & Insurance) degree is qualifying 10+2 or equivalent examination in any stream from a recognized board of the country.
Admission to the student into this course is based on the candidate’s performance in a relevant entrance test, or merit.
The average tuition fee charged for the course in India ranges between INR 10,000 to 5,00,000 for a span of 3 years.
Successful graduates of the course can expect anything between INR 3 to 20,00,000 as annual salary in the industry, increasing with skills and experience.
B.B.A. in Banking and Insurance: Course Highlights
Tabulated below are some of the major highlights of the course.
|Course Level||Under Graduate|
|Examination Type||Semester System|
|Eligibility||10+2 with 50% marks in Commerce/ Mathematics|
|Admission Process||AIMA UGAT, Symbiosis SET, IPU CET etc.|
|Top Recruiting Organizations||General Insurance Corporation (GIC), Om Kotak Mahindra, Life Insurance Corporation of India (LIC), ICICI Prudential, Life Insurance, Tata AIF Life, Reliance, Birla Sun-Life, Max New York Life, HDFC Standard Life- Insurance Co., SBI, Life Insurance, HSBC, AXIS, ICICI banks, Yes bank etc.|
|Top Recruiting Areas||Research Agency, Health Department, Automobile Industry, Credit Companies, Aviation Industry, Educational Institute, Property Developer, Bank, Business School, Charity Association, Insurance Industry, Credit Union, Mortgage Company, Savings and Loan Association, Consultancy, Shopping Mall etc.|
|Top Job Profiles||Administrative Officer (AO), Credit and Risk Manager, Assistant Controller, Customer Service Representative, Internal Auditor, Asset Manager, Insurance Manager, Agent and Broker, Investment Analyst, Loan Counsellor, Investment Banker, Loss Control Specialist, Personal Financial Advisor, Recovery Agent, Loan Officer, Stock Analyst and Treasurer.|
|Average Course Fee||INR 10,000 to 5,00,000|
|Average Salary||INR 3 to 20,00,000|
B.B.A. in Banking and Insurance: What is it all About?
As an academic discipline, Banking programs introduced by various government and private organizations aim at equipping students with concepts, tools and techniques in the banking sector, For instance, broadly, the bachelor’s degree program in Banking and Insurance offers specialization in the following areas:
- Environment and Management of Financial Services
- Micro Economics
- Effective Banking Communication
- Quantitative Techniques in Banking
- Organizational behaviour in Banking organizations
- Taxation of Financial Services
- Laws relating to Banking & Insurance
- Cost Accounting of B&I Services
- Equity Debt
- Corporate Laws governing Capital Markets
- International Business Management in Banking Organizations
- HRM in Banking Organizations
- Strategic Planning in Banking organizations
Such graduates are typically employed by positions in insurance, personal loans, mortgages, collections and back office operations are always vacant and offer all bright to average students to avail the opportunities presented.
Demand for banking process executives, collection officers and financial analysts with BPOs is the highest till date in India. There is as still an extensive shortage of graduates, post-graduates who have mastered cost accounting.
Banking programs introduced by various government and private organizations aim at equipping students with concepts, tools and techniques in the banking sector.
Other job duties for graduates of the discipline may involve:
- Manage operations and productivity at an insurance company. Create and modify procedures and documents related to policies.
- Supervising a team of clerks, liaising with clients and other bank divisions, collating and analysing systems information, troubleshooting problems, pinpointing ways of improving and developing systems, helping to maximise efficiency and bank profitability.
Also, a management professional always plays a vital role in his/her company and this is why, he used to keep in touch with the board of directors. All sectors including government and public have various industries, companies, institutions or related organizations, come in the job prospective fields for a management professional.
Top Institutes offering B.B.A. in Banking and Insurance
Listed below are some of the top institutes in India that offer the course.
|NAME OF INSTITUTE||CITY||AVERAGE ANNUAL FEES|
|Manav Rachna International University||Faridabad||INR 1,54,000|
|Icfai University||Ranchi||INR 63,333|
|Sharda University||Greater Noida||INR 1,62,000|
|Gla Institute Of Business Management||Mathura||INR 79,000|
|Elphinstone College||Mumbai||INR 12,650|
|Noida International University||Noida||INR 1,10,000|
|Amity University||Noida||INR 3,53,000|
|Suresh Gyan Vihar University||Jaipur||INR 77,938|
|Gla University||Mathura||INR 79,000|
|Iikm Business School||Chennai||INR 85,000|
|Dr DY Patil University||Mumbai||INR 72,333|
|Sunrise University||Alwar||INR 251,67|
Eligibility for B.B.A. in Banking and Insurance
Listed below are the minimum eligibility criteria which candidates interested in pursuing the course are required to fulfil, in order to be eligible to apply for the course.
- The candidates should complete their 10+2 or its equivalent exam in any stream, completed from a recognized educational Board.
- A minimum passing score of 50% (45% for SC/ST candidates) at the 10+2 level.
|Top Bba/bbm In Banking Colleges In Tamil Nadu||Top Bba/bbm In Banking Colleges In Rajasthan||Top Bba/bbm In Banking Colleges In Uttar Pradesh||Top Bba/bbm In Banking Colleges In Haryana|
B.B.A. in Banking and Insurance: Admission Process
Various universities gives admission in BBA course on the basis of merit list. Numerous institutes and colleges also provide admission to candidates through the entrance exam. The entrance exams is conducted at national, state or college level by different institutes and colleges. Admission is done through the merit list. The merit list will be prepared based on qualifying examination or entrance test. AIMA UGAT is a national level entrance exam regulated by AIMA for giving admissions in BBA.
A few institutes also provide direct admission based on the candidate’s performance at the 10+2 level.
Listed below are some of the top entrance exams conducted in the country for admission to the course.
- AIMA UGAT (Under Graduate Aptitude Test)
- Symbiosis SET (Symbiosis Entrance Test)
- IPU CET (Indraprastha University Common Entrance Test)
B.B.A. in Banking and Insurance: Syllabus and Course Description
A semester - wise breakup of the course’s syllabus is tabulated below.
|SEMESTER I||SEMESTER II|
|Management Foundation||Macro Economics for Business|
|Business Environment||Financial Accounting - II|
|Micro Economics for Business||Organizational Behavior|
|Computers in Management||Data Base Management Systems|
|Financial Accounting - I||Business Statistics|
|Business Mathematics||Environmental Management|
|Principles of Banking||Banking System|
|Principles of Insurance||Practice of Life Insurance|
|Behavioral Science - I||Behavioral Science - II|
|SEMESTER III||SEMESTER IV|
|Operations Research||Financial Management - II|
|Financial Management - I||Marketing Management - II|
|Management Information Systems||Research Methodology & Report Preparation|
|Marketing Management - I||Analytical Skill Building|
|Cost & Management Accountingng||System Analysis & Design|
|Business Law||Marketing of Banking Products & Services|
|Banking Law & Practice||Regulatory Frame Work, Insurance Regulations|
|Practice of General Insurance||Fire Insurance|
|Communication Skills - I||Communication Skills - II|
|Behavioral Science - III||Behavioral Science - IV|
|SEMESTER V||SEMESTER VI|
|Taxation Laws & Practice||Business Policy & Strategic Management|
|Human Resource Management||Product & Operations Management|
|Sales & Distribution Management||Health Insurance|
|Management of Commercial Banks||Introduction to International Banking & Forex|
|Motor Insurance||Retail Banking|
|Applications of Life Insurance||Values & Ethics in Business|
|Communication Skills - III||Communication Skills - IV|
B.B.A. in Banking and Insurance: Career Prospects
Graduates are being mostly hired by government banks for various posts on the basis of All India Examination. On the other hand professionals like doctors, lawyers, engineers etc are employed for higher posts through All India tests. Graduates from commerce stream are given more preference, but any one from any stream is eligible to enter into this field by qualifying the Entrance exams which are being conducted by banks every year. At senior level banks opt for experienced bankers.
Banks generally look for those candidates who have good communication skills and have the ability to handle customers and basic knowledge about the industry. To join an overseas or private sector banks for senior level positions one needs specialization in certain specific areas like credit appraisal skills, managing huge loan files and foreign exchange.
|JOB POSITION||JOB DESCRIPTION||AVERAGE ANNUAL SALARY|
|Investment Banker||Investment bankers assume a part in helping their customers raise funding to back different exercises and develop their organizations. They are financial advisory middle people who help value capital and apportion it to different employments.||INR 902,800|
|Insurance Manager||In charge of managing operations inside a protection rehearse. Oversees agents, specialists, and appraisers. insurance claims are handled in a convenient way and resolves issues that emerge amid process.||INR 730,048|
|Credit and Risk Manager||Risk managers exhort associations on any potential dangers to the productivity or presence of the organization. They distinguish and evaluate threats, set up plans place for if things turn out badly and choose how to keep away from, reduce or transfer risks.||INR 992,343|