Bachelor of Commerce (B.Com.) Banking and Insurance
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3 Years
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Under Graduate
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Commerce
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Full Time
3 Years
Under Graduate
Commerce
Full Time
Bachelor of Commerce (B.Com.) is a degree program that combines the study of Business, Economics, and Statistics with specialization in the banking and insurance industry. This program prepares students for a career in management and leadership roles in the Banking and Insurance industries. A graduate of this degree can pursue further studies in a Master's degree in Banking and Finance or a Master's degree in Accountancy or Finance.
This degree course requires the student to complete 12th Standard/HSC/10+2 from a recognized board. Some colleges conduct entrance exams to determine the merit of the students. The Admission process for the B.Com Banking and Insurance course is similar to the regular B.Com course. The prerequisites for this program are the same as those for regular B.Com. successful completion of the course will provide students with the necessary education for a career in the banking and insurance industry.
To get admitted to the B.Com Banking and Insurance course, you must have a minimum aggregate score of 50% in the qualifying examination. If you have a background in mathematics, you can choose this course. Some colleges also conduct entrance exams to determine the merit of the applicants. The admission process for B.Com Banking and Insurance is similar to that of the regular B.Com program. Once you get admitted to a college, you can enjoy a rewarding career in the banking and insurance industry.
| Parameter | Bachelor of Commerce in Banking and Finance |
|---|---|
| Course | Bachelor of Commerce in Banking and Finance |
| Duration | 3 years |
| Application Mode | Online and Offline |
| Examination Type | Semester Based |
| Placement | Provided by Institutes |
| Job Profiles | Accountant, Broker, Cashier, Credit Risk Executive, Auditor, Equity Research Expert, Loan Officer, Market Analyst, Sales Officer, Sales Manager |
| Approximate Annual Fee | 20,000-30,000 INR |
| Approximate Starting Salary | 3,40,000 INR |
| Admission Procedure | Merit Basis |
| Eligibility | 10+2 in Commerce from a recognized board |
| Top Recruiting Companies | Mortgage Agencies, Economic Consulting Jobs, Health Departments, Business Schools, and more |
| BCom Scope | MCom, MBA |
| Job Positions | Cashier, Loan Officer, Credit Risk Experts, Auditor, Equity Research Specialist, Market Expert, Sales Officer |
The Bachelor of Commerce in Banking and Finance Management is a three-year course with a minimum qualification requirement of intermediate 10+2. Banking involves the process by which a financial intermediary receives deposits and channels them into various investments, either through capital markets or directly. Insurance, on the other hand, is primarily a risk management practice that protects against unforeseen losses.
Subjects studied under this program include Business Communication, Environmental Education, Business Economics, Accountancy, Financial Management, and Mathematical and Statistical Methods.
The Bachelor of Commerce is one of the most fundamental and beneficial choices for individuals interested in commerce and looking to build their future in this field. The program covers the fundamentals of progressions such as security analysis, derivatives markets, financial organization, risk management, and more. These prepare students to handle various financial challenges in any particular segment or with any kind of client.
Top recruiting companies for graduates of this program include banks, business schools, credit institutions, consultancies, economic consulting firms, government agencies, health departments, insurance companies, securities firms, and mortgage agencies.
Studying Banking and Finance provides a solid foundation for a diverse range of careers, including roles in banking, broking, consulting, funds management, insurance, and superannuation.
The admission process for B.Com in Banking and Finance for the year 2024 typically involves the following steps:
Application: Interested candidates need to fill out the application form either online or offline, depending on the requirements of the institution offering the program.
Submission of Documents: Applicants are required to submit necessary documents, including academic transcripts, certificates, and any other required materials, along with the application form.
Entrance Exam (if applicable): Some institutions may conduct entrance exams as part of the admission process. Candidates need to appear for and clear the entrance exam to be eligible for admission.
Merit Basis Selection: Admission to the program is generally based on merit, considering the candidate's performance in the qualifying examination (10+2) and any entrance exams if applicable.
Counseling/Interview (if applicable): In some cases, institutions may conduct counseling sessions or interviews to assess the candidate's suitability for the program.
Final Admission: Selected candidates are notified of their admission status, and upon acceptance, they need to complete any remaining formalities, such as fee payment, to confirm their admission.
The eligibility criteria for BCom in Banking and Finance typically include:
There are several entrance exams that candidates may need to appear for to gain admission to B.Com in Banking and Finance programs, depending on the institution and its requirements. Some common entrance exams for B.Com Banking and Finance may include:
| Entrance Exam | Description |
|---|---|
| DU JAT (Delhi University Joint Admission Test) | Conducted by Delhi University for admission to various undergraduate programs, including B.Com Banking and Finance, offered by colleges affiliated with the university. |
| IPU CET (Indraprastha University Common Entrance Test) | Conducted by Guru Gobind Singh Indraprastha University for admission to various undergraduate programs, including B.Com Banking and Finance, offered by colleges affiliated with the university. |
| SET (Symbiosis Entrance Test) | Conducted by Symbiosis International University for admission to various undergraduate programs, including B.Com Banking and Finance, offered by Symbiosis colleges. |
| AIMA UGAT (Under Graduate Aptitude Test) | Conducted by All India Management Association for admission to various undergraduate programs, including B.Com Banking and Finance, offered by participating institutions. |
| AMU Entrance Exam (Aligarh Muslim University Entrance Exam) | Conducted by Aligarh Muslim University for admission to various undergraduate programs, including B.Com Banking and Finance, offered by the university. |
the syllabus for the Bachelor of Commerce in Banking and Finance as prescribed by several colleges and universities, is presented in a table format:
| Semester | Syllabus |
|---|---|
| Semester I | Principles and Practices of Banking and Insurance Financial Accounting Effective Communication Economics Quantitative Methods Business Law |
| Semester II | The Environment of Financial Institutions Principles of Management Effective Communication Economics Quantitative Methods Introduction to Computer Systems |
| Semester III | Laws Governing Banking and Insurance Financial Management Management Accounting Customer Relationship Information Technology in Banking and Insurance Organizational Behavior Taxation of Financial Institutions |
| Semester IV | Universal Banking Financial Management Innovations in Banking and Insurance Corporate Law and Governance Capital Market Laws Entrepreneurship Management Financial Markets Cost Accounting of Banking |
| Semester V | Marketing in Banking and Insurance Financial Services Management International Banking and Finance Financial Reporting and Analysis Security Analysis and Portfolio Management Auditing |
| Semester VI | Strategic Management Central Banking International Business Human Resource Management in Banking Insurance Business Ethics and Corporate Governance Turnaround Management Project Presentation of Banking and Insurance |
The subjects typically taught in the Bachelor of Commerce in Banking and Finance program:
A comparison between a B.Com in Banking and Finance and a Bachelor of Business Administration in Banking and Finance:
| Particulars | BCom in Banking and Finance | BBA in Banking and Finance |
|---|---|---|
| Duration | Three years | Three years |
| Eligibility | 10+2 from a recognized board | 10+2 from a recognized board |
| Future | MBA, CFA, CA, CS, LLB, MBE | M.Com, MA Economics |
| Job Profile | Accountant, Asset Manager, Investment Analyst, Securities Analyst, Stock Analyst, Treasurer, Risk Analyst | Administrative Officer, Marketing Manager, Sales Manager, Insurance Manager, Development Officer, Investment Banker |
| Employment Areas | Banks, Business Schools, Mortgage Companies, Property Developers, Credit Companies, Educational Institutes, Research Agencies, Investments | Banks, Business Schools, Credit Unions, Mortgage Companies, Property Developers, Credit Companies, Educational Institutes, Research Agencies, Shopping Malls, Investments |
| Salary | INR 25,000-45,000 | INR 7,000-23,000 |
| Study | This course deals with the study of simple principles involved in the Banking stream. | This course deals with managing several fields involved in the banking sector |
| Top Colleges in India | Poddar Group of Institutions (Jaipur), Amity University (Raipur), Indus University (Ahmedabad), Jagannath Institute of Management Sciences (Delhi), NIMS University (Jaipur) | GIBS Business School (Bangalore), JECRC University (Jaipur), KIIT School of Management (Bhubaneswar), T. John Group of Institutions (Bangalore), JK Lakshmipat University (Jaipur) |
The skills required for B.Com Banking and Finance:
The list of top colleges offering the B.Com in Banking and Finance course is presented in a table format:
| Name of Institute | Annual Fee (INR) |
|---|---|
| Poorna University of Arts, Science, and Commerce, Pune | 10,420 |
| Jain University, Bangalore | 3,45,000 |
| K J Somaiya College of Arts and Commerce, Mumbai | 27,435 |
| K.P.B Hindu College of Arts and Commerce, Mumbai | 66,000 |
| St. Xavier’s College, Mumbai | 15,075 |
| Christ University, Bangalore | 6,35,000 |
| Symbiosis College of Arts and Commerce, Pune | 52,085 |
| Stella Mari’s College, Chennai | 88,935 |
| HR College of Commerce and Economics, Mumbai | 30,000 |
| Sri Venkateswara College, New Delhi | 28,770 |
| St. Francis College for Women, Hyderabad | 30,000 |
| Chaitanya Degree College, Warangal | 25,000 |
| Arya Post Graduate College, Panipat | 30,000 |
| Adarsh University of Arts and Commerce, Thane | 42,090 |
| Bhadrak College, Bhadrak | 15,000 |
| A.V. Abdurahiman Haji Arts and Science College, Kerala | 50,000 |
| Ambedkar University Delhi Dwarka Campus | 32,800 |
| Amguri College, Assam | 27,880 |
| Bail Izza Arts and Science University, Kerala | 27,555 |
| St. Aloysius College, Kerala | 15,000 |
| IV Patel College of Commerce, Gujarat | 35,000 |
| Christ College, Kerala | 12,600 |
| Cochin University, Kerala | 50,000 |
| Dharmsinh Desai Institute of Commerce, Gujarat | 65,000 |
| Farook College, Kerala | 25,650 |
| Government Commerce College, Gujarat | 43,670 |
| Government Victoria College Palakkad, Kerala | 35,200 |
| Jamshedpur Women’s College, Jharkhand | 50,000 |
| JDT Islam College of Arts and Science, Kerala | 30,000 |
| M. B. Commerce and G. M. N. Arts College, Gujarat | 35,500 |
| Sri Adi Chunchanagiri University of Arts Commerce and Science | 42,222 |
The list of colleges Abroad offering the B.Com in Banking and Finance program is presented in a table format:
| Colleges | Annual Fee (INR) |
|---|---|
| Harvard University | 35,54,730 |
| MIT | 36,57,000 |
| Stanford University | 13,32,500 |
| London School of Economics and Political Science | 19,62,800 |
| University of Oxford | 33,27,800 |
A Bachelor of Commerce in Banking and Insurance (B.Com) is a three-year course designed to prepare graduates to become professionals in the banking and insurance industry. The curriculum is designed to prepare students to work in diverse areas, from risk management to customer service, while imparting the necessary soft skills and knowledge to help them excel in their careers. The B.Com in Banking and Insurance is one of the most sought-after undergraduate degrees in the finance and banking industries.
The B.Com in Banking and Insurance program is a three-year course designed to prepare graduates for careers in banking and insurance. The course focuses on training students to become valuable finance professionals through practical experience and theoretical education in banking systems. The program also provides an opportunity for candidates to pursue careers in the insurance and banking sectors. This course can lead to a successful career in finance or in the insurance industry. This field offers a wide variety of opportunities, so it's a smart move to get an education in this field.
After graduating from B.Com Banking and Insurance, graduates can pursue further studies and professional careers in banking and insurance. They can go on to pursue a career in accountancy or auditing. A degree in this field will provide a strong foundation in the fields of accounting, financial management, and banking. Afterward, graduates can enter the private and public sectors and begin working. Their starting salary may vary from two to five lakh dollars.
The B.Com Banking and Insurance course provides ample job opportunities for the students. The graduates can get placed in accounts and finance departments of private as well as public organizations. This is an exciting field that offers tremendous scope in the country and abroad. With the rapid privatization of banking services, new banks are coming up every year. There is ample scope for people from all backgrounds in the banking industry. In addition, graduates can opt for higher studies in Master of Commerce or related fields.
A B.Com degree in banking and insurance provides a great Career Opportunity for students. With a BA in banking, the students can also work as process executives. Leading banks and companies select the best candidates from colleges. This field has good job growth potential and early exposure to the world market. It is a promising career option. You can start your career in several ways.
The banking industry offers lucrative career prospects for people with various qualifications and experience. The industry is considered to be one of the most lucrative in the world. The bank and insurance sector provides ample job opportunities for students. They can work for top-rated banks around the world and expect excellent salaries. This is an excellent choice if you are seeking fast career growth and early exposure to the world's markets.
| Job Profile | Description | Salary (INR) |
|---|---|---|
| Sales Officer | Sales Officers are responsible for explaining, selling, and implementing banking securities products, acting as a liaison between the bank and its securities customers. | 3 to 4 LPA |
| Auditor | Auditors verify internal controls by reviewing documents, reports, operating practices, and records. They validate assets and liabilities by comparing items to documentation and complete audit tests and findings by documenting audit checks. | 4 – 5 LPA |
| Cashier | Cashiers handle payments by cash, cheque, credit cards, vouchers, or debit. They issue receipts, refunds, credits, or change to customers and ensure accurate cash counts at the beginning of shifts. | 2 to 3 LPA |
| Equity Research Analyst | Equity Research Analysts analyze financial statements and public records of companies to evaluate the value of the company's stock and forecast its future financial performance. They typically work for brokerages or financial firms. | 4 - 5 LPA |
| Account Manager | Account Managers work for a company and are responsible for managing sales and relationships with specific clients. They nurture relationships with clients and oversee the management of their accounts. | 5 – 6 LPA |
| Accountant | Accountants compile and analyze financial information to prepare financial statements. They record financial transactions, recommend financial actions, and ensure compliance with accounting standards. | 2 to 3 LPA |
| Stockbroker | Stockbrokers manage the financial portfolios of clients, either individuals or companies. They discuss investment options with clients and advise them on buying or selling securities to maximize returns on investment. | 3 to 4 LPA |
The Bachelor of Commerce Banking and Insurance degree is a three-year, full-time undergraduate program that combines the technical skills of banking and insurance with the soft skills of public relations and communication. The program aims to create competent professionals with the skills to face the challenges of the industrial world. Moreover, the program provides ample employment opportunities in the banking and insurance industry. It has a wide scope of career options.
As a finance professional, a B.Com in Banking and Insurance teaches students how to manage and analyze financial transactions. They learn about the international financial system, foreign exchange, and credit appraisal. The B.Com course prepares them for international jobs in the banking and insurance industry. The program helps students learn about the fundamentals of financial planning, financial markets, and investment. Additionally, they get practical exposure to the operational environment of the financial services industry.
The B.Com in Banking and Insurance degree enables graduates to work in accounts departments of financial institutions, educational institutions, and the emerging sectors of finance and insurance. The program also develops analytical and communication skills, which are essential for future success in banking and insurance. The program aims at preparing students for the financial industry. This is an excellent opportunity for students who want to become lecturers or consultants. There are several benefits to this course.
Q. What is B.Com Banking and Finance?
Q. What are the eligibility criteria for B.Com Banking and Finance?
Q. What are the career opportunities after completing B.Com Banking and Finance?
Q. What subjects are covered in the B.Com Banking and Finance curriculum?
Q. Are there any entrance exams for admission to B.Com Banking and Finance programs?
Q. What is the average salary for B.Com Banking and Finance graduates?
Q. Can I pursue higher studies after completing B.Com Banking and Finance?
Q. What are the top colleges offering B.Com Banking and Finance programs in India?
Q. What skills are required to excel in the field of banking and finance?
Q. How can I apply for B.Com Banking and Finance programs?
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