About
Distance MBA in Banking Financial Insurance
The MBA Distance Learning in Banking
Financial Insurance is a two-year postgraduate course specializing in the
management of the banking financial insurance sector. This course has been
recognized by the UGC-DEB as a valid diploma that can be obtained in distance
learning mode. The focus of the course is on the holistic development of the
students to take on demanding management tasks in the financial insurance
banking sector.
Bank Financial Insurance is one of the
best industries for job security and longevity. The job offers in this area are
diverse. Management in this sector becomes an even better option as it offers
higher paying roles and positions in top companies, insurance agencies,
financial companies and banks.
The Distance MBA in Banking Financial Insurance offers you the opportunity to gain experience in the field of
Financial Banking Insurance to expand your knowledge and skills in this area and to develop a successful leadership career. Being a PG course, it consists of 4
semesters spread over a 2-year period, during which students engage in a
variety of interactive lectures, case studies, research, projects and
discussions to help them grow professionally can. As a flexible course of
study, the long-distance MBA course offers students the additional benefit of
an internship/job or the opportunity to discover their professional
opportunities alongside their studies.
Course
Highlights of Distance MBA in Banking Financial Insurance
Particulars | Values |
Course Name | Distance Master of Business Administration in Banking Financial Insurance |
Course Level | Post Graduate (PG) |
Course Duration | 2 years |
Examination Type | Semester System |
Eligibility Criteria | Bachelor's degree from a recognized university/college with (45% to 50% aggregate marks) |
Admission Process | Merit/Entrance Based |
Specialization | Banking Financial Insurance |
Internship | Yes |
Entrance Exams | CAT, MAT, XAT, CMAT, etc. |
Course Fee | INR 1,00,000 to INR 1,50,000 |
Average Annual Salary | INR 1.5 to INR 24 LPA |
Top Recruiters | ICICI Bank, HDFC Bank, General Insurance Corporation (GIC), ICICI Prudential, Life Insurance, Tata AIF Life, Reliance, Birla Sun-Life, Max New York Life, HDFC Standard Life- Insurance Co., SBI, Life Insurance, Life Insurance Corporation of India, HSBC Bank, Yes Bank, Kotak Mahindra, Axis Bank, IDFC bank etc. |
Job Profiles | Financial Analyst, Credit & Risk Manager, Marketing & Sales Manager, Loan Counsellor and Sales Officer, Credit Analyst, Investment Banker, Account and Auditor, Stock Analyst, Asset Manager, Agent & Broker, Insurance Manager, Operations Manager, Marketing and Sales Manager, Financial Manager, Management Analyst, Accountants and Auditor, Credit Analyst, Financial Analyst, Personal Financial Advisor, Loan Counsellor etc. |
Why
Study Distance MBA in Banking Financial Insurance?
In most cases, banks are looking for
graduates with management and finance experience for various positions based on
their performance on the All India Exam. While Distance MBA in Banking Financial
Insurance graduates may have an advantage over other applicants, applicants of
any discipline can enter this field provided they pass the entrance exams
administered annually by banks.
A Distance MBA in Banking Financial Insurance offers many benefits, which are detailed below:
1. This postgraduate course prepares individuals for various areas of management related to businesses and their various processes and operations.
2. This master's degree provides professionals with the skills and knowledge to understand these dry and difficult subjects.
3. Get these stubborn and highly skilled professionals to do tedious and hectic tasks with great fluency and ease.
Therefore, this postgraduate course is
the most important master's course in banking, which is why its demand has
always been very high and it has been quite well known in banking.
Eligibility
Criteria for Distance MBA in Banking Financial Insurance
Following are the eligibility criteria that a student must follow to get admission for distance MBA in Banking Financial Insurance:
1. Applicants must have a university degree from a recognized university.
2. The applicant must have feared at least 45% to 55% of the final mark or an equivalent final mark.
3. Working professionals from relevant industries can also apply for a Distance MBA in Banking Financial Insurance.
Admission
Process for Distance MBA in Banking Financial Insurance
All the steps of the Distance MBA in Financial Banking and Insurance admission process are outlined below:
1. Visit the official website of the university you are applying to.,
2. Register as a new user on the site and log in to fill out the request form.
3. After completing the application form, upload all required documents in digital format.
4. If there is an application fee, you must pay it online and apply.
5. You must then pay the tuition fees to secure your place.
6. As soon as you have paid your tuition fees, you will receive your student ID card and other login information.
Skills
Required for Distance MBA in Banking Financial Insurance
A career in this Distance MBA in Banking Financial Insurance requires strong analytical and mathematical skills. Other skills required for a career in Distance Banking Financial Insurance include:
1. Analytical Skills
2. Quantitative Skills
3. Eye for Detail
4. Communication Skills
5. Strong Mathematical Skills
6. Objectivity and Farsightedness
7. Self-Starter
Entrance
Exams for Distance MBA in Banking Financial Insurance
There are a number of standard state and national entrance exams administered by government agencies to test students' writing skills. List of standard entrance exams:
CAT | MAT |
SNAP | IIFT |
IBSAT | CMAT |
MAH CET | ATMA |
XAT | TISS NET |
TANCET | GMAT |
Fee
Structure for Distance MBA in Banking Financial Insurance
The average fee range for a Distance MBA
in Banking Financial Insurance is between INR 1,000,000 and 1,50,000. Most
universities that offer Distance MBA in Banking Financial Insurance to students
also provide financial aid facility such as EMI for paying tuition,
credits/scholarships, and student loans.
Course
Comparison of Distance MBA in Banking
Financial Insurance
Two of the common degrees evaluated in
Distance Master’s Program in table listed below on the basis of a few
parameters:
Parameters | Distance MBA in Banking Financial Insurance | Distance MBA in Financial Markets |
Course Name | Distance Master of Business Administration in Banking Financial Insurance | Distance Master of Business Administration in Financial Markets |
Course Overview | It is a two-year postgraduate course specializing in the management of the banking financial insurance sector. | It deals with aspects of financial planning, planning and management of corporate assets in relation to the market and the economic situation. |
Course Duration | 2 Year | 2 Year |
Course Level | Post Graduate (PG) | Post Graduate (PG) |
Course Fee | INR 1,00,000 to INR 1,50,000 | INR 48,910- INR 86,941 |
Eligibility Criteria | Bachelor's degree from a recognized university/college | Graduation with 45% to 50% in any stream |
Admission Process | Merit/Entrance Based | Merit/Entrance Based |
Career Prospect | Financial Analyst, Credit & Risk Manager, Marketing & Sales Manager, Loan Counsellor and Sales Officer, etc. | Financial Analyst, Operations Manager, Business Analyst, Account Executive, Finance Manager, etc. |
Average Annual Salary | INR 1.5 to INR 24 LPA | INR 5.25 LPA |
Top
Colleges of Distance MBA in Banking Financial Insurance
Listed below are some of the top Distance
MBA in Banking Financial Insurance Colleges in India which offer
the course:
Name of College | Location |
School of Open Learning (DU SOL) | New Delhi |
Amity University | Noida |
NMIMS Global | Mumbai |
Symbiosis Centre for Distance Learning (SCDL) | Pune |
Indira Gandhi National Open University (IGNOU) | Delhi |
Vinayaka Mission University | Tamil Nadu |
Institute of Financial Management and Research | Chittoor |
International Management Institute | New Delhi |
International School of Business and Research | Bangalore |
ICFAI Business School | Hyderabad |
Pondicherry University | Pondicherry |
AIMS Institute of Management Studies | Pune |
Jobs
and Placements in Distance MBA in Banking Financial Insurance
The distance MBA in Banking Financial Insurance
may at first seem like a course intended only for banking jobs. However, this
is not the case. Because it is a management degree, you will have employment
opportunities in various public and private insurance and finance companies, as
well as banks. Large corporations and companies in all other industries also
employ financial insurance graduates to manage the accounting and finances of
their organizations.
The job offers you will receive after
completing your distance MBA in Banking Financial Assurance degree are
reliable, well paid and secure. Therefore, the future career spectrum in this
field is wide and fruitful.
Some of the most popular Distance MBA in Banking Financial Insurance jobs are listed below:
1. Investment Banking Analyst
2. Credit Analyst
3. Equity Manager
4. Insurance Investigator
5. Insurance Claims Adjustor
6. Business Consultant
7. Investment Banking Associate
Usually graduates with financial and
managerial skills are hired by banks based on All India exam for various
positions. While finance and management graduates may have an edge over other
applicants, applicants of any discipline can access this major by passing the
entrance exams administered annually by banks. Older banks choose experienced
bankers.
In general, banks are looking for
students who can communicate well, serve customers and have basic knowledge of
the industry. To take on managerial positions at an offshore bank or in the
private sector, you need to specialize in specific areas such as
creditworthiness, lending and foreign exchange.
Designation | Salary (INR) |
Human Resource | INR 7.72 LPA |
Branch Manager | INR 8.95 LPA |
Relationship Manager | INR 5.76 LPA |
Assistant Branch Manager | INR 5.87 LPA |
Credit Manager | INR 7.38 LPA |
Business Analyst (Banking/Finance) | INR 7.47 LPA |
Bank Manager | INR 10 LPA |
Data Analyst | INR 5.71 LPA |
Finance Analyst | INR 4.34 LPA |
Finance Manager | INR 8.05 LPA |
Abroad
Jobs
The Distance MBA in Banking Financial
Insurance programs can lead a graduate to many different jobs in different
industries. Not only are bank jobs different from bank jobs, there are also
many jobs for MBA graduates in banking. There are great career opportunities
abroad in corporate and IT companies, all corporate finance and accounting
services, marketing, sales, educational institutions, banking sector and many
other fields.
Top International Recruiting Companies who hire Distance MBA in
Banking Financial Insurance graduates are:
HDFC | IBM |
Axis Bank | Renault |
Royal Bank of Scotland | Concentrix |
TATA Consultancy Service | Wipro |
Reliance | PNB MetLife |
Banking Technology | Santander Bank |
Financial Services and Banking | CWB Financial Group |
BMO | Banking Operations Auditor |
Job Profile | Job Description | Average Salary in INR |
Investment Banker | Investment bankers are responsible to assume a role in helping their client’s raise funding to back various activities and develop their organizations. | INR 9 to 10 LPA |
Insurance Manager | An Insurance Manager is In responsible of managing operations within a protection rehearse. Oversees specialists, agents, and appraisers. | INR 7 to 8 LPA |
Credit and Risk Manager | Risk managers are responsible to exhort organization on any potential risk to the productivity and presence of the enterprises. They evaluate and distinguish threats, set up plans place for if things become bad and opt how to keep away from, decrease or transfer risks. | INR 9 to 10 LPA |
Financial Advisor | A Financial Advisor is responsible for providing help to clients for their long-term as well as short-term financial goals. | INR 4 to 5 LPA |
Loan counsellor | A Loan Counsellor is responsible for processes a customer’s application materials, checking the information and works with the customers to come up with a financial plan. | INR 2 to 3 LPA |
Scope
for Distance MBA in Banking Financial Insurance
Upon completion of the program,
graduates of a Distance MBA in Banking Financial Insurance are
well-prepared to pursue various roles in these industries. They can explore
career opportunities as banking executives, financial analysts, investment
managers, risk managers, or insurance specialists. The comprehensive knowledge
and skills gained through the program enable graduates to navigate the
complexities of the banking, financial, and insurance sectors, effectively
manage financial operations, mitigate risks, and contribute to the growth and
stability of organizations.
Distance
MBA in Banking Financial Insurance: Career Prospects
A Distance MBA in Banking Financial Insurance offer professionals the flexibility to advance their
understanding of these industries while maintaining their work commitments. The
program's comprehensive curriculum, flexible learning format, and networking
opportunities make it an excellent choice for individuals seeking to enhance
their career prospects in banking, finance, or insurance. Whether aiming for
career growth or transitioning into roles in these industries, graduates of a Distance MBA in Banking Financial Insurance are well-equipped to excel in
the dynamic and ever-evolving world of banking, finance, and insurance.
FAQs on Distance MBA in Banking Financial Insurance
(1) How
can I take admission?
Ans: One can apply for taking admission either online
mode or offline mode( i.e. filling form with your own handwriting). If you face
any kind of difficulty, you can also talk to our expert. and also, can mail all
documents to your mail id and can pay fees by online process.
(2) What
is the eligibility for this Course?
Ans: MBA Banking Insurance Management Distance
Education The candidate should have at least passed a bachelor’s degree in some
dedicated field which is between two to four years or has a bachelor’s degree
preferably in related business subjects. It is important that the degree is
from a recognized institution and that the degree has been completed in that
specific duration too.
(3) How
can I pay fees?
Ans: Students can pay their fees by online payment
procedure, likewise PayPal, NEFT, Visa Card, Cash, etc.
(4) Is
this course approved for my job?
Ans: Yes, the Courses offered by our institute that is
approved by UGC and DEB. These courses are valid for Govt jobs and also any
govt examination.
(5) What
is the fee for the distance MBA in Banking Financial Insurance?
Ans: The academic fee for the distance MBA i Banking
Financial Insurance may vary across universities and colleges. However, the
average fee ranges between INR 1,00,000 to INR 1,50,000 for the full course.
(6) Is
the duration for the distance MBA in Banking Financial Insurance course same as
the regular course?
Ans: Yes, the duration for the Distance MBA in Banking
Financial Insurance course of a distance MBA in Banking Financial Insurance is
4 years.
(7) What
jobs can I get after a Distance MBA in Banking Financial Insurance?
Ans: After pursuing a distance MBA in Banking Financial
Insurance course, you will be able to get jobs in fields like investment
banking analysis, credit analysis, insurance investigation, equity management,
business consultancy, and alike. Job scope is available in both private and
public domain in top domains in top companies, corporate firms, banks,
financial firms and insurance companies. The jobs are handsomely paid as well.
(8) Is
distance MBA in Banking Financial Insurance valid?
Ans: Yes, as per the guidelines of UGC-DEB regarding
distance education in India, a distance MBA in the specialization of Banking
Financial Insurance is completely valid and also equal in value and credibility
to a regular MBA course
(9) Is
Entrance exams compulsory for admission to a distance MBA in Banking Financial
Insurance?
Ans: No, most universities that offer this course in
distance mode do not conduct any entrance examinations for admissions. They
complete admissions mainly on the bass of eligibility criteria.