2 Years
Post Graduate
Management
Part Time
(1).
About the Part-time MBA in Banking and Insurance
A Part-Time MBA in
Banking and Insurance
is a 2-year postgraduate course which specialized in business management
program designed for individuals who wish to pursue a Master of Business Administration
(MBA) degree while
continuing to work or manage other commitments. This particular program focuses
on the banking and insurance sectors, providing a comprehensive understanding
of the business principles, practices, and challenges specific to these industries.
The
minimum eligibility for Part-time MBA in
Banking & Insurance is Graduation from a recognized college or its
equivalent exam. Admission to this course depends on the student’s performance
in a relevant entrance test and the consequent round of counseling. The average
tuition fee charged for the course in India ranges between INR 10,000-10,00,000 for 2 years.
A
Part-Time MBA allows students to pursue their
studies alongside their professional careers or other responsibilities. The
program is structured to accommodate working professionals, with classes often
scheduled during evenings, weekends, or in a flexible online format.
The
curriculum of a Part-Time MBA in Banking
and Insurance covers core business topics along with specialized courses
related to the banking and insurance sectors. Core subjects typically include
areas such as finance, marketing,
strategy, operations, leadership, and business analytics. Specialized
courses focus on the unique aspects of banking and insurance, including risk
management, financial services, insurance products, regulations, investment
analysis, and corporate governance.
Graduates of a Part-Time
MBA in Banking and Insurance
gain a solid foundation in business management principles and acquire
specialized knowledge and skills applicable to the banking and insurance
sectors. This combination enhances their career prospects within these
industries, enabling them to pursue managerial roles in banks, insurance
companies, financial institutions, regulatory bodies, or related organizations.
Course
Highlights for Part-time MBA in Banking & Insurance
Listed below are some of the important highlights of Part-time MBA in Banking & Insurance course:
| Particulars | Value |
| Course Name | Part-time Master of Business Administration in Banking & Insurance |
| Course Level | Postgraduate |
| Course Duration | 2-3 years |
| Course Mode | Part-time |
| Eligibility Criteria | Bachelor's degree from a recognized university/college with a minimum of 45%-50% aggregate marks |
| Admission Process | Entrance/Merit-based |
| Entrance Exams | BMU-MAT, SNAP, CMAT, GMAT, etc. |
| Examination Type | Semester based |
| Age | No age limit |
| Average Annual Fee | INR 80,000-24,00,000 |
| Average Annual Salary | INR 3,00,000-20,00,000 |
| Job Profiles | Operations Manager, Marketing and Sales Manager, Financial Manager, Management Analyst, Accountants and Auditor, Credit Analyst, Financial Analyst, Personal Financial Advisor, Loan Counsellor, etc. |
| Top Recruiters | Birla Sun-Life, Max New York Life, HDFC Standard Life- Insurance Co., SBI, Life Insurance, Life Insurance Corporation of India, HSBC Bank, Yes Bank, etc. |
Why
study Part-time MBA in Banking and Insurance course?
Studying
a Part-Time MBA in Banking and Insurance
can provide several advantages for individuals interested in advancing their
careers within these sectors. Here are some reasons why pursuing this course
may be beneficial:
(1).
Industry-specific knowledge
A
Part-Time MBA in Banking and Insurance offers specialized knowledge and skills
tailored to the specific requirements of these industries. You will gain a
deeper understanding of banking and insurance operations, regulations, risk
management, financial services, and emerging trends. This industry-specific
knowledge can give you a competitive edge and make you more valuable to
employers within the banking and insurance sectors.
(2).
Career advancement opportunities
The
Part-Time MBA in Banking and Insurance equips you with the skills and expertise
necessary for career progression within these industries. It prepares you for
leadership and managerial roles, allowing you to take on more responsibilities
and contribute effectively to the growth and success of your organization. The
specialized knowledge gained through this program can open doors to various
positions such as banking manager, insurance underwriter, risk analyst,
investment analyst, or compliance officer.
(3).
Enhanced analytical and strategic thinking
The
MBA curriculum emphasizes critical thinking, problem-solving, and strategic
decision-making. Through case studies, simulations, and projects, you will
develop analytical and strategic thinking skills that are highly valued in the
banking and insurance sectors. These skills enable you to assess complex
situations, identify opportunities, and develop innovative solutions to address
challenges in the dynamic business environment.
(4).
Networking opportunities
Engaging
with professionals, fellow students, and alumni in the banking and insurance
industries provides valuable networking opportunities. Interacting with
industry experts, guest speakers, and fellow participants during the program
can help you build a strong professional network. Networking can lead to
potential job opportunities, partnerships, and industry insights, enhancing
your career prospects.
(5).
Flexibility for working professionals
The
Part-Time format of this MBA program is designed to accommodate the needs of
working professionals. It allows you to pursue your studies while continuing
your current job or managing other personal commitments. This flexibility
enables you to apply the knowledge gained in the program directly to your work,
creating a practical and seamless learning experience.
(6).
Increased earning potential
Graduates
with an MBA in Banking and Insurance often benefit from increased earning
potential. The specialized knowledge and managerial skills acquired through the
program can position you for higher-paying roles within the industry. As you
progress in your career, the MBA degree can contribute to higher salary
packages and better financial opportunities.
(2).
Admission Process for Part-time MBA in Banking & Insurance
Eligibility
Criteria for Part-time MBA in Banking & Insurance
Accepted
Entrance Exams for Part-time MBA in Banking & Insurance (if applicable)
Below is a list of some of the entrance exams for pursuing a Part-Time MBA in Banking & Insurance:
| CAT | CMAT |
| AP ICET | GMAT |
| TS ICET | IIFT |
| MAH-CET | MAT |
| KMAT | XAT |
| WB JEMAT |
Skills
Required for Part-time MBA in Banking & Insurance
To pursue a part-time MBA in Banking & Insurance, you will need a combination of business, finance, and industry-specific skills. Here are some key skills that would be beneficial for a part-time MBA in Banking & Insurance:
| Financial Knowledge | Business and Management Skills |
| Analytical and Quantitative Skills | Risk Management |
| Banking and Insurance Knowledge | Communication and Interpersonal Skills |
| Ethical and Legal Awareness | Technology and Digital Skills |
| Problem-solving and Decision-making | Industry Awareness |
Fee
Structure for Part-time MBA in Banking & Insurance
The Part-time MBA in Banking and Insurance fees for programs can differ from college to college. There are distinctive scholarship packages to be had for aspirants who need to pursue this course. The trendy direction charge degrees from INR 80,000-24,00,000.
| Name of College | Average Fee |
| XIIMB | INR 12,55,000 |
| Symbiosis School, Pune | INR 13,80,000 |
| IIM Bangalore | INR 23,00,000 |
| IIM Lucknow | INR 19,00,000 |
| IIM Calcutta | INR 23,00,000 |
Selection
Criteria for Part-time MBA in Banking & Insurance
Shortlisted
aspirants want to undergo the university choice process, which can also
additionally encompass a written test, institution discussion, and private
interviews. The very last choice is primarily based totally on the general
overall performance and portfolio of the aspirant.
(3).
Course Comparison
Part-time
MBA in Banking & Insurance v/s Part-time MBA in Finance
The distinctions between Part-time MBA in Banking & Insurance and Part-time MBA in Finance are shown in the table below:
| Parameters | Part-time MBA in B & I | Part-time MBA in FM |
| Course Name | Part-time Master of Business Administration in Banking & Insurance | Part-time Master of Business Administration in Finance Management |
| Course Overview | A Part-Time MBA in Banking and Insurance is a 2-year postgraduate course which specialized in business management program designed for individuals who wish to pursue a Master of Business Administration (MBA) degree while continuing to work or manage other commitments. This particular program focuses on the banking and insurance sectors, providing a comprehensive understanding of the business principles, practices, and challenges specific to these industries. | Part-Time MBA in Finance covers a wide range of topics in the financial sector, including concerns with financial management in businesses and financial organizations as well as financial organization, operations, and challenges facing the whole economy. Students who complete this degree will have the intellectual grounding and resources needed to handle significant real-world problems in a profession focused on finance. |
| Course Duration | 2-3 years | 2-3 years |
| Eligibility | Bachelor's degree from a recognized university/college with a minimum of 45%-50% aggregate marks | Bachelor's degree from a recognized university/college with 45%-50% aggregate marks |
| Course Stream | Banking & Insurance | Finance Management |
| Entrance Exams | BMU-MAT, SNAP, etc. | CAT, MAT, XAT, CMAT, GMAT |
| Average Annual Fees | INR 80,000-24,00,000 | INR 1,00,000-10,00,000 |
| Average Annual Salary | INR 3,00,000-20,00,000 | INR 2,00,000-10,00,000 |
| Top Colleges | XIIMB, Symbiosis School, IIM Bangalore, etc. | Indian School of Business (ISB), Faculty of Management Studies (FMS), XLRI Jamshedpur, etc. |
Read
More: Part-time MBA in Finance
(4).
Top Colleges for Part-time MBA in Banking & Insurance
Several reputed colleges in India offer part-time MBA programs in Banking & Insurance. The fee structure may vary from one institution to another. Here are some of the top colleges known for their part-time MBA programs in Banking & Insurance in India:
| Name of College | Average Annual Fee(INR) |
| IIMA | INR 28,00,000 |
| Birla Institute of Technology, Ranchi | INR 2,27,000 |
| ISMT Business School | INR 52,000 |
| Indian School of Business, Hyderabad | INR 26,00,000 |
| SCMS Cochin School of Business | INR 3,76,000 |
| Mumbai University | INR 3,20,000 |
| Xavier School of Management, Jamshedpur | INR 19,00,000 |
| SPJIMR | INR 16,00,000 |
| IIMC | INR 20,00,000 |
| NMIMS | INR 12,00,000 |
| MDI | INR 13,00,000 |
| Institute of Management Technology, Ghaziabad | INR 11,00,000 |
| Pondicherry University | INR 37,200 |
| AIMS Institute of Management Studies | INR 1,49,000 |
| International Management Institute, New Delhi | INR 7,71,000 |
| Institute of Public Enterprise, Hyderabad | INR 4,08,000 |
| Acharya Nagarjuna University | INR 18,640 |
| ICFAI Business School | INR 6,25,000 |
| GIBS Business School, Bangalore | INR 2,75,000 |
| Siva Sivani Institute of Management, Secunderabad | INR 2,75,000 |
(5).
Job & Placements for Part-time MBA in Banking & Insurance
Usually,
graduates with knowledge in both Banking and Insurance are employed by banks
for various posts based on the All India Examination. Although finance and
control graduates can also additionally have an aspect over different
aspirants, any candidates from any movement are eligible to go into this
discipline via way of means of qualifying for the doorway assessments which can
be carried out via way of means banks each year. At the senior level, banks
choose skilled bankers.
Generally,
banks search for the one's college students who've proper communique
capabilities and feature the capacity to deal with customers and own simple
information approximately the industry. One desire to specialize in positive
precise regions along with credit score appraisal, loan, and overseas exchange
to be eligible for becoming a member of a remote places financial institution
or non-public zone financial institution at senior degree positions.
Job
Profiles for Part-time MBA in Banking & Insurance
Here are two tables that may give you some insight into the possible job profile in the banking and insurance sector and its salaries in detail.
| Job Profile | Job Description |
| Investment Banker | Investment bankers are responsible to assume a role in helping their clients raise funding to back various activities and develop their organizations. |
| Loan counselor | A Loan Counsellor is someone who works for any economic organization. His work is to test and confirm the records and alertness of a patron to provide the patron with a monetary plan. He will explain the information about the plans concerning the phrases and situations associated with the plan he offered. He may solve the questions of the patron and fulfill his queries. |
| Financial Advisor | A Financial Advisor is referred to as a Financial Planner. He will offer statistics to his clients. He will inform what ought to do and what ought to not. To be a successful monetary advisor, applicants require discipline and enjoyment earlier than working. Financial companies typically ask for applicants who've executed internships within their respective fields. |
| Credit and Risk Manager | Risk managers are accountable to exhort enterprises on any ability danger to the productivity and presence of the enterprises. They examine and distinguish threats, installation plans region for if matters grow to be terrible, and choose a way to hold away from, lower or switch risks. |
| Accountant | They used to work with obligations alongside the administration. They work on a decent timetable to keep statistics of details, help the administration, replace the statistics from time to time, and more. Accountants make tax returns, report monetary statements, speak to customers and ask approximately their requirements, etc. They may carry out extra responsibilities at instances if required. |
| Cashier | Cashiers used to carry out obligations associated with cash. The whole case management with the clients is achieved with the customer. However, they may need to carry out a few forms of income duties, sell a few products, or have an effect on the clients to shop for a few plans or products, etc. There isn't any preceding enjoyment required for this job. Freshers can get such jobs. |
| Insurance manager | One of the critical humans inside the coverage organization. They are properly aware of the plans and norms approximately any form of fitness or belongings coverage the organization offers. However, they ought to note all different elements whilst supplying any coverage from the organization he's operating for. Therefore, he now no longer best gives a plan however additionally continues to a near eye on each unmarried factor. |
Top Recruiters
for Part-time MAB in Banking and Insurance
For Banking- Banks are used to recruiting inside the publish of PO (Probationary officer), Clerk, and more. There are plenty of Government and Private banks within the country that used to recruit employees.
| Kotak Mahindra Life Insurance Co. Ltd. | Aditya Birla Sun Life Insurance Co. Ltd. |
| TATA AIA Life Insurance Co. Ltd. | State Bank of India |
| Union Bank of India | Punjab National Bank |
| Bank of India | Bank of Baroda |
| HDFC Bank | Axis Bank |
| ICICI Bank | IndusInd Bank |
| Bajaj Allianz Life Insurance Co. Ltd. | HDFC Standard Life Insurance Co. Ltd. |
| Max Life Insurance Co. Ltd. |
Average
Salary for Part-time MBA in Banking & Insurance
Here are some of the job roles with their salary:
| Job Role | Average Annual Fee(INR) |
| Loan counselor | Rs. 2,00,000-3,00,000 |
| Insurance manager | Rs. 5,00,000-6,00,000 |
| Cashier | Rs. 2,00,000-3,00,000 |
| Financial Advisor | Rs. 4,00,000-6,00,000 |
| Accountant | Rs. 2,00,000-3,00,000 |
(6).
Career/Scope for Part-time MBA in Banking & Insurance
There
are masses of alternatives to discover after the crowning glory of the banking
and coverage course. A pupil might also additionally get process gives from
one-of-a-kind businesses within the personal sector. However, there are
various banking and coverage assessments performed each year, along with SBI
PO, IBPS PO, SBI SO, SBI Clerk, IBPS Clerk, and LIC AAO. By the one's exams,
heaps of graduates get positioned every 12 months inside the authorities region
with top packages.
Career
options after Part-time MBA in Banking & Insurance
Completing
a part-time MBA in Banking & Insurance opens up various career
opportunities in the financial services sector. Here are some career options
you can consider:
(i). Banking
Manager/Executive
(ii). Risk Manager
(iii). Investment Analyst
(iv). Insurance Underwriter
(v). Compliance Officer
(vi). Financial Planner
(vii). Business Development Manager
Scope
for Higher Education of Part-time MBA in Banking & Insurance
After
completion of the Part-time MBA in Banking and Insurance course, graduates can
appear for exams performed with the aid of using RBI, SBI, Institute of Banking
Personnel Selection(IBPS), and different nearby rural financial institution
exams. Aspirants also can study the principles and strategies of control other
than gaining information mainly in areas. Graduates can pursue Ph.D. in Management or certification and degree
publications like Advanced Certificate in Banking Laws and Loan Management and
Certificate in Banking Laws and Loan Management.
Skills
that make you the best Part-time MBA in Banking and Insurance Graduate
The
Banking and Insurance sector is dynamic and versatile and has a lot of job
opportunities. Different job roles come with other skills, which are essential
for the aspirants to create while studying or working in this sector.
Some
of the essential skills are listed below:
(i).
Commercial acumen
(ii). Time management
(iii). Accounting
(iv). Interpersonal skills, etc.
(7).
FAQs
(1). What is a Part-time MBA in
Banking & Insurance?
Ans.
A Part-Time MBA in Banking and Insurance is a 2-year postgraduate course which
specialized in business management program designed for individuals who wish to
pursue a Master of Business Administration (MBA) degree while continuing to
work or manage other commitments. This particular program focuses on the
banking and insurance sectors, providing a comprehensive understanding of the
business principles, practices, and challenges specific to these industries.
(2). What is the eligibility for
Part-time MBA in Banking & Insurance?
Ans.
Bachelor's degree from a recognized university/college with a minimum of
45%-50% aggregate marks.
(3). What is the duration of a Part-time
MBA in Banking & Insurance?
Ans.
2-3 years.
(4). What is the average fee for
Part-time MBA in Banking & Insurance course?
Ans.
The average fee for the course is INR 80,000-24,00,000. It differs from college
to college.
(5). How many semesters in Part-time
MBA in Banking & Insurance?
Ans.
The MBA program involves two-semester-per-year.
(6). What subjects are covered in a
Part-time MBA in Banking & Insurance?
Ans.
A Part-time MBA in Banking & Insurance covers a range of subjects related
to banking, insurance, and business management. Common subjects include
financial management, risk management, investment banking, insurance principles
and practices, strategic management, marketing, accounting, economics,
leadership, and organizational behavior. The curriculum is designed to provide
a comprehensive understanding of the industry and develop managerial skills.
(7). Can I continue working while
pursuing a Part-time MBA in Banking & Insurance?
Ans.
Yes, one of the main advantages of a Part-time MBA program is that it allows
you to continue working while pursuing your degree. The program is designed to
accommodate the schedules of working professionals, with classes usually held
in the evenings or on weekends. This flexibility allows you to balance your
professional commitments with your academic studies.
(8). What career opportunities are
available after completing a Part-time MBA in Banking & Insurance?
Ans.
Completing a Part-time MBA in Banking & Insurance can open up various
career opportunities in the financial services sector. Graduates often find
roles in commercial banking, investment banking, insurance companies, asset
management firms, risk management departments, and regulatory bodies. Common
job titles include bank manager, financial analyst, risk manager, investment
banker, insurance underwriter, and financial consultant.
(9). How does a Part-time MBA in
Banking & Insurance differ from a full-time MBA?
Ans.
The main difference between a Part-time MBA in Banking & Insurance and a
full-time MBA is the mode of study and duration. A full-time MBA is typically
completed in a shorter period (1-2 years) and requires students to dedicate
themselves to full-time studies. In contrast, a Part-time MBA allows students
to continue working while pursuing their degree and is completed over a more
extended period (2-3 years). The curriculum and course content are generally
similar, but the scheduling and pace differ to accommodate working
professionals.
(10). Are there any online options for
a Part-time MBA in Banking & Insurance?
Ans.
Yes, many universities offer online or hybrid options for Part-time MBA
programs, including those in the field of Banking & Insurance. Online
programs provide flexibility and convenience, allowing students to access
course materials and lectures remotely. However, it's important to ensure that
the online program you choose is accredited and recognized to maintain the quality
and value of your degree.
(11). Is financial aid available for Part-time MBA in Banking & Insurance programs?
Ans. Yes, financial aid options are available for Part-time MBA programs, including scholarships, grants, loans, and employer sponsorship. The availability and eligibility criteria for financial aid can vary among institutions. It's recommended to explore the financial aid opportunities offered by the universities or external organizations that support higher education. Additionally, many employers provide tuition reimbursement or assistance programs for employees pursuing higher education.
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