MBA in Banking and Insurance

Updated By Shreya Sareen on 22 Sep, 2020

Average Duration
2 years
Average Fee
25 K-4 L INR annual
Exams Accepted
GMAT, CAT, XAT ...

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. The 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.

The ideal student for an MBA in Banking and Insurance programme must have good mathematical skills. The student must also have sound analytical and logical reasoning skills and must be able to communicate effectively.

Highlights of MBA in Banking and Insurance

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.

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 of the 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.

MBA in Banking and Insurance Admission Process 2020

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.

MBA in Banking and Insurance Syllabus

First Year

Management PrinciplesFinancial Accounting
Treasury and Forex ManagementManagerial Economics
Organizational BehaviourMarketing Management
Business StatisticsCost Management and Accounting
Business LawIT for Management
Concept of Life InsuranceProduction Management

Second Year

Capital ManagementQuantitative Methods
Business PolicyHRM in Banking and Insurance
Service MarketingManagement Information Systems
Risk ManagementBanking and Retail Finance
Legal Aspects of Banking and InsuranceInternational Business

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MBA in Banking and Insurance?

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.

Questions Related to MBA in Banking and Insurance Course

MBA admission : In which month , the admissions for MBA will start?

-AdminUpdated on November 06, 2020 07:16 PM
  • 14 Answers
Shreya Sareen, CollegeDekho Expert

Dear Student,

The registration for MBA at LPU begins in September and January. However, due to COVID-19, the last date ...

READ MORE...

Along with my graduation, I want to do preparation for MBA in design management. How can I prepare for this and with which subjects should I initiate?

-VaishnaviUpdated on November 03, 2020 01:23 PM
  • 1 Answer
Samiksha Rautela, Student / Alumni

Dear Student,

To prepare for MBA in Design Management you can prepare for exams such as CAT, GMAT and MAT ...

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How to apply For MBA program with only UG marks in hand against vacant seat in the institutions?As per the AICTE notice dated 25 August 2020 which allows to fill up the vacant seats by considering only UG marks.

-HarshitUpdated on September 13, 2020 11:48 AM
  • 1 Answer
Shreya Sareen, CollegeDekho Expert

Dear Student,

You are advised to confirm whether your selected college is accepting admission on the basis of UG Marks ...

READ MORE...

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