B Com Banking and Insurance

The commerce and banking courses in India are among the top opted courses in the nation, with B.Com as one of the popular options. Across India, commerce aspirants work towards pursuing one of the many B.Com specialisations. Among the top specialisations under the course is known as B.Com Banking and Insurance.

The 3-year B.Com in Banking and Insurance has been designed to train the students in the different aspects of Banking and Insurance. Each college will uniquely create their curriculum to fit the needs of the industry, producing skilled graduates, capable of withstanding and solving the challenges of the industry. Along with the training in the different aspects of banking and insurance, softs skills such as communication and public relations skills will also be imparted to the students. 

B.Com Banking and Insurance graduates can build a successful career with just a bachelor’s degree in the field. The banking and insurance industry has been known to be one of the best industries to find a lucrative career path. With its exclusive training in the field of banking and insurance, B.Com Banking and Insurance students will be offered career opportunities in different industries ranging from banking and insurance sectors to accounting and industrial houses as well.

Highlights of B.Com in Banking and Insurance

Check out the major course highlights of B.Com in Banking and Insurance.

• Candidates should have cleared the class 12 board examination in any stream from a recognised board of examination. Commerce students would be preferred in most B.Com colleges in India.

• They must ensure that they have secured a minimum aggregate score of 50% or more in the qualifying exam with Mathematics as one of the core subjects.

• While some colleges will offer admissions based on the past academic qualifications of the candidates, some universities and colleges conduct an entrance exam in order to calculate the merit of the candidates.

B.Com Banking and Insurance Admission Process

The admissions and selection processes for a B.Com Banking and Insurance course across the various colleges in India is similar to that of a regular B.Com Course. Candidates will be able to participate in the B.Com Banking and Insurance admission processes once they qualify the respective eligibility criteria for the course.

Admission to the B.Com Banking and Insurance course will be conducted either on merit-basis or on the scores obtained in an entrance exam. While many colleges will be offering admissions on the basis of merit, some colleges may ask applicants to sit for a University or Institute-level entrance exam.

• On merit-basis:

  • The merit of a prospective student is calculated based on the scores obtained by them in the qualifying exam along with the relevancy of their academic subjects for the course as well as other parameters as defined by the college in concern. 

• On entrance test-score basis:

  • Colleges will conduct an entrance test at the university level, ask the applicants to appear for the test, evaluate their answer papers, and shortlist them for the admission processes.

• Under both processes, candidates may also be required to sit for a Personal Interview session and/or a Group Discussion Session.

The admissions processes and the testing processes for the purpose of shortlisting candidates to the course will be outlined in the admission policy of the college in concern. Each college will define its own admission processes, therefore, aspirants are advised to go through the admissions processes of the college of their choice prior to applying for admission.

B.Com Banking and Insurance Course Fee

The popular B.Com course is a commonly opted course in all over the country, which has resulted in numerous institutions, colleges and universities offering the course. This wide availability of the course has resulted in varying course fees for B.Com in Banking and Insurance. The B.Com Banking and Insurance Course fees in India can range between ?15,000 - ?2,75,000 per year.

The course fee for the popularly B.Com Banking and Insurance will be determined by various factors such as the location of the college, the managing authority of the college, and other parameters.

First Year:

Second Year:

Third Year:

One of the major attractions for pursuing a B.Com course is the immense career opportunity and future scope of the course. B.Com graduates have been known to take up various managerial positions and earn lucrative packages even as a fresher. Banking, Insurance and Finance industries are always on the lookout for fresh new graduates qualified and skilled to tackle the modern issues and challenges faced in the industry.

• Auditor

• Accountant

• Finance Managers

• Investment Banker/Broker

• Business Operations Manager

• Chief Financial Officer

• Investment Analysts

• Bookkeepers

• Loss Control Specialist

• Insurance Salesperson

• Insurance Manager

Check out some of the industries and areas of employment applicable for B.Com Banking and Insurance.

• Government and Private Banks

• Insurance Industry

• Investment Industry

• Public Accounting Firms

• Business Consultancies

• Inventory Control

• Educational Institutions

• Healthcare industry

• Indian Civil Services

These are just among a few of the industries and areas of employment where a graduate of B.Com would be able to pursue a career. An average initial salary that a B.Com graduate may receive can range in between ?3,00,000 - ?8,00,000. As in the case for many job profiles, the more experience you gain and the more skills you learn will lead to an exponentially higher package and career growth.

However, pursuing a career path is not necessarily the only way ahead. Once you have graduated from the course, there are multiple options of higher education degrees that can be pursued by the candidates as well. Among the viable options for higher education courses after B.Com in Banking and Insurance, include:

• M.Com in Banking and Insurance

• M.Com in any other relevant specialisation

• MBA

• PGDM

• Law

• B.Ed

• Chartered Accountancy

Many B.Com graduates choose to pursue higher education mostly in other fields and disciplines as it increases the scope of attaining a better career path. Moreover, candidates who pursue M.Com open up opportunities in the field of research and teaching as well.