MBA in Banking and Insurance

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Jun 27, 2024 14:00PM IST

MBA in Banking and Insurance is a popular postgraduate degree that is completed in 2 years, across 4 semesters. Admission to MBA in Banking and Insurance courses is conducted through various entrance exams such as CAT, CMAT, XAT, TANCET, SNAP, etc. 

About MBA in Banking and Insurance

MBA in Banking and Insurance is a 2-year postgraduate course in management that involves the study of concepts for management in the banking and insurance industry. The course caters to the Banking and Insurance industry, which is one of the largest areas of employment for finance professionals in India. MBA in Banking and Insurance course is tailor-made to suit the needs of a candidate who wishes to join an organization providing banking or insurance services and prepares students for leadership positions at these firms.

Candidates who are interested in taking up the course must have completed their graduation. Students of all streams are eligible to apply to this course. However, students who have studied subjects such as Maths and Commerce in class 12th or at the graduation level are more suited for the course. The course takes a student through the fundamental concepts of the banking and insurance industry while also tackling specialized subjects related to the field including Risk Management, Investment Banking, among others.

Sage University offers job ready assured programs of MBA in Banking and Insurance for eligible candidates who want to pursue a career in this field. Other leading colleges offering the course include ICFAI Business School, Birla Institute of Technology, GIBS Business School, etc.

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MBA in Banking and Insurance Course Highlights

The table given below provides the major highlights of MBA in Banking and Insurance course:

Full NameMaster of Business Administration in Banking and Insurance
StreamManagement
LevelPostgraduate
Duration2 years
Exam TypeSemester-Wise
EligibilityGraduation in any stream
Admission ProcessEntrance Exam + GD + PI
Average Course FeeRs. 5 - 8 LPA
Average Starting SalaryRs. 6 - 7 LPA
Top Job PositionsAsset Manager, Marketing and Sales Manager, Investment Banker, Financial Manager, Credit Analyst, Financial Analyst etc.
Top Recruiting CompaniesICICI Bank, Kotak Mahindra Bank, SBI, LIC, Axis Bank etc.
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MBA in Banking and Insurance Eligibility Criteria

Given below is the eligibility criteria for an MBA in Banking and Financial Services course. The exact requirements for admission may vary by the college but the basic requirements for admission to MBA in Banking and Insurance are common across all colleges.

  • Candidate must have completed their graduation (bachelor's degree course) from a recognized institute or university.
  • Candidates from all streams are considered eligible to apply for this course.
  • Candidate must have scored at least 45% to 50% aggregate marks in their bachelor's degree course. Some colleges may specify a higher minimum percentage criterion.
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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 such as CAT / CMAT / MAT / XAT etc. 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.
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MBA in Banking and Insurance Syllabus

First Year

Management Principles Financial Accounting
Treasury and Forex Management Managerial Economics
Organizational Behaviour Marketing Management
Business Statistics Cost Management and Accounting
Business Law IT for Management
Concept of Life Insurance Production Management

Second Year

Capital Management Quantitative Methods
Business Policy HRM in Banking and Insurance
Service Marketing Management Information Systems
Risk Management Banking and Retail Finance
Legal Aspects of Banking and Insurance International Business
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Top Colleges Offering Specialized Job Ready MBA in Banking and Insurance Courses

The table given below mentions the colleges offering job ready MBA in Banking and Insurance courses in India. Students can check out the course fee and application process as well:

College NameCourse Fee (per annum)How to Apply
Sage UniversityRs. 50,000Sage University Job Ready Degree
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MBA in Banking and Insurance Career Options and Job Prospects

Since India has a stable and growing banking sector, Graduates of the MBA in Banking and Insurance course have plenty of career opportunities with good scope for growth and job security in the future. Students who have taken up this course can find challenging job positions at leading financial institutions of the country and help in the growth and development of these firms.

MBA in Banking and Insurance graduates develop a strong understanding of financial concepts and are also skilled in management. Therefore, they become the ideal candidates for private sector-banks and other related companies. Students with good communication skills are preferred for these roles as professionals taking up management positions at these firms are often required to interact with the customers or potential clients and partners. Some of the key areas that recruit MBA in Banking and Insurance graduates are:

  • Banks

  • Insurance Agencies

  • Financial Consultancies

  • IT Firms

  • Academic Institutions

  • Mutual Fund / Stock Management Companies etc.

Top Recruiting Companies for MBA in Banking and Insurance

Some of the top companies hiring MBA in Banking and Insurance graduates include.

  • HDFC

  • Kotak Mahindra

  • ICIC Bank

  • American Express

  • yes Bank

  • ICICI Prudential Life Insurance

  • Birla Sun-Life etc.

Candidates can also check the top job positions available for MBA in Banking and Insurance students.

  • Marketing Manager

  • Financial Analyst

  • Loan Counsellor

  • Asset Manager

  • Insurance Manager

  • Credit and Risk Manager

  • Stock Analyst

  • Financial Advisor etc.

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Related Questions

r

rahul sharma, Student / Alumni

-Answered on Sept-20-2024
For LPUNEST, candidates can select their preferred exam center while booking their test slot. The centers are available across multiple cities in India. Once the slot is booked, the hall ticket is generated, which contains details such as the exam date, time, and center address. Candidates must download the hall ticket from the official LPU website and carry it to the exam center for entry.
Best MBA colleges in Jaipur, Rajasthan
-Neelam -Updated on Sept-20-20241 Answers
S

Shivangi Ahirwar, Content Team

-Answered on Sept-20-2024

Dear Student,

The top MBA colleges in Jaipur are Malaviya National Institute of Technology, Manipal University, Jaipuria Institute of Management, IIHMR University, Amity University, R.A. Podar Institute of Management, Jaipur National University, Taxila Business School, School of Business - Mody University, and CCS National Institute of Agricultural Marketing. To be eligible for MBA admission to these colleges, you must have completed a bachelor's degree in any discipline from a recognized university. The aggregate score in the bachelor's degree varies as per the college; however, the minimum requirement is 50-60% (5% relaxation of reserved categories). Also, you may need to appear for MBA entrance exams such as CAT, CMAT, XAT, MAT, etc. Some colleges may require work experience, so be sure to check the specific requirements for each institution before applying. You should also research the faculty, specializations, and placement opportunities offered by these MBA colleges in Jaipur to make an informed decision. Good luck with your MBA pursuits!

S

Subhashri Roy, Content Team

-Answered on Sept-18-2024

Dear Student,

The AP ICET 2024 seat allotment for Phase 2 of the counselling was released at 6 PM on September 18, 2024, on the official counselling portal at icet-sche.aptonline.in. For Phase 1, the seat allotment release time was 5:40 PM. You can check the seat allotment by clicking on the 'Provisional Allotment Order' link on the homepage and entering your hall ticket number and date of birth. AP ICET seat allotment is the process through which candidates who have appeared for the AP ICET are assigned specific seats in MBA/MCA courses offered by various colleges and universities in Andhra Pradesh. The seat allotment process is a significant step in the admission procedure as it determines which college and course a candidate will enrol in based on their rank, preferences, and the availability of seats. The AP ICET authorities allocate seats to the eligible candidates based on their category and the rank they secured in the AP ICET 2024 exam.

Thank you!

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