(1).
About the Course
B.B.A.
Banking and Insurance or Bachelor of Business Administration in Banking and
Insurance is a three-year undergraduate course in banking. The program includes
training for various concepts and fundamentals used and practiced in the
insurance and banking sectors. Students who have completed their 12th may
enroll in this bachelor's program in banking and insurance. Banking and
Insurance are one of the most important sectors. Companies from the banking and
insurance sector require skilled and trained professionals so that they can
manage all their activities comfortably. Students who are good in mathematics
and hold good presentation skills may opt for this program.
The
three-year bachelor program in banking and insurance covers many topics in its
three years such as IT (Information Technology), Computer Application,
Accounting, Economics, Banking Operations, Treasury Operations, Investment
Banking, Rural Finance, Insurance, and Loans. The program is divided into six
semesters out of which four semesters are common for all the students while the
last two semesters depending on the specialization. The program will also allow
the students to adopt modern techniques to handle banking-related activities
and produce results within a short span of time.
The
BBA Banking and Insurance degree permits graduates to acquire jobs in a lot of
sectors and activity profiles. Most applicants might be employed through
authorities banks. Before making use of a position, however, they have to skip
a not-unusual place front exam. Candidates who're incredibly stimulated and
feature robust communique talents can pursue MBA or PGDM packages in banking
and insurance. You also can earn a whole lot of cash with this degree. It's
smooth to get started.
Course
Highlights
Check out the major highlights of the BBA in Banking and Insurance program:
Parameters | Value |
Course Name | Bachelor of Business Administration in Banking and Insurance |
Course Level | Undergraduate |
Course Duration | 3 years |
Eligibility Criteria | 10+2 in any stream (preferably Commerce) from a recognized board |
Examination Type | Semester based |
Admission Process | Entrance Exam and Merit Based |
Age | No Age Limit |
Entrance Exams | CAT, XMAT, SNAP, GMAT, CMAT, LPU NET, AUCET, GPAT, Symbiosis SET, IPU CET |
Average Annual Fees | INR 14,000-10,00,000 |
Average Salary | INR 2,00,000-10,00,000 |
Job Profile | Credit and Risk Manager, Insurance Manager, Asset Manager, Accountant, Broker, Cashier, Auditor, Equity Research Analyst, Loan Officer, Market Analyst, Sales Officer, Sales Manager, etc. |
Top Recruiters | IBM, INNOWAR, HDFC Bank, Fidelity, etc. |
Why
study BBA Banking & Insurance?
A
common question arises whenever one talks about his/her career as to “WHY” this
or that, similarly a question arises here, Why BBA Banking and Insurance? There
are numerous points to consider before opting for this course and a banking and
insurance career.
(2).
Admission Process
For
pursuing BBA in Banking and Insurance, students must make sure that they
satisfy the eligibility criteria. In addition, students should have good marks
in 10+2 for merit-based admission and sound performance in entrance exams for
entrance exam-based admissions. The admissions for BBA Banking and Insurance
can be based in two ways.
While some colleges offer merit-based admissions, some colleges conduct entrance exams for admissions. Applications for admissions may be availed both from the University website or by directly visiting the college's Admissions Office. The course falls under the umbrella of BBA and therefore the admission process does not change drastically for the students.
Types
of BBA in Banking & Insurance
Aspirants
can pursue the BBA Banking & Insurance course in the full-time, part-time,
and distance-time modes. Below are the types of BBA Banking & Insurance courses
in detail:
(1).
Distance
Many
universities and colleges in India offer the Distance BBA Banking &
Insurance course. The course is designed keeping the Distance Education
methodology in mind.
(2).
Full-Time
The
full-time BBA Banking & Insurance program is typically for 3 years, during
which students will have to attend classes in person, submit assignments, and
write their exams on campus.
(3).
Part-Time
The
part-time BBA Banking & Insurance course is designed for students who
cannot attend regular classes. Part-time courses either run on the weekend or
night classes or online classes, depending on the type of course.
Eligibility
Criteria
(i).
Education Qualification: Students must have qualified 10+2/equivalent in any
discipline from a recognized board.
(ii). Minimum Marks: Students securing an aggregate minimum of 50% marks will
be eligible to take admission to the BBA Banking and Insurance course
(relaxation for reserved category will be available as per the university).
(iii). Entrance Exam: Students planning to take admitted to a reputed
university will have to score a good percentile in the entrance exam. After
clearing the entrance exam, some good universities conduct GD-PI (Group
Discussion - Personal Interview) rounds for the final selection.
Admission
Process
Students
who wish to pursue their career in banking and insurance can take admitted to
BBA courses either on the basis of an entrance exam or on a merit basis.
(i). Direct
admission to BBA in Banking and Insurance courses will be given to students
based on their 10+2/equivalent marks achieved.
(ii). On the other hand, admission on an entrance exam basis will be given to
students, who will qualify for one of the entrance exams, such as the SET,
GGSIPU CET, AIMA UGAT, CUCET, SUAT, GLAET, among other exams.
Accepted
Entrance Exams
Some of the top schools offering BBA Banking and Insurance guides in India have a front exam-primarily based totally admission process. With the assistance of front assessments, schools examine the scholars and display appropriate college students from all of the applicants. Some famous front assessments for BBA Banking and Insurance are:
XAT | IPU CET | CUET |
GGSIPU CET | JET | DU JAT |
GMAT | CMAT | MAT |
SNAP | CAT | AIMA UGAT |
MICAT | FDDI AIST | SET |
Skills
Required
Making a career in this field requires strong analytical and mathematical skills. Other skills that are required for a banking, finance, and insurance career include:
Effective Time Management | Be cheerful in nature | Analytical Skills |
Ethical | Communication Skills | Strong Mathematical Skills |
Good interpersonal skills | Critical Thinking | Active Listening |
Leadership Skills | Customer Service Skills | Ability To Accept criticism |
Problem-solving skills | Relevant interest | Adaptability |
Quick decision-making skills | Strategic Thinking | Additional skill |
Fee
Structure
The BBA Banking and Insurance charges for diverse faculties in India are around INR 1,00,000-5,00,000. The route charges may also range primarily based totally on the institute, infrastructure, coaching methods, faculties, and centers available.
Name of College | Average Annual Fee(INR) |
Noida International University, Noida | INR 1,10,000 |
Manav Rachna International University, Faridabad | INR 1,55,000 |
JECRC University, Jaipur | INR 1,10,000 |
Symbiosis University of Applied Sciences- SUAS, Indore | INR 2,45,000 |
DY Patil University School Of Management- DYPUSM, Navi Mumbai | INR 1,20,000 |
Amity University, Noida | INR 3,55,000 |
Sharda University, Greater Noida | INR 1,65,000 |
Selection
Criteria
Selection
for the BBA within the banking and coverage application will depend on
applicants' ratings inside the qualifying ratings. Candidates who've
received ratings extra than the restriction can be referred to the campus for
similar admission rounds. After that, the university will behave a set dialogue
and private interview spherical. It isn't essential that every one of the
faculties will behave extra rounds for selection, a number of the faculties may
offer admission at once on the premise of twelfth ratings/ grades. Candidates
can also additionally go to the university internet site to recognize similarly
approximately the admission process. All decided applicants will then must go
to the university at the side of the desired files on the date furnished to
them. Finally, applicants who've effectively finished the admission round can
be granted a seat.
(3).
Course Comparison
BBA Banking
& Insurance v/s B.Com Banking & Insurance
A course comparison has been presented below for the students to decide which course would be the best one for them to choose. The table includes all the necessary information about the two very related courses.
Parameters | BBA B&I | B.com B&I |
Course Name | Bachelor of Business Administration Banking & Insurance | Bachelor of Commerce Banking & Insurance |
Course Overview | B.B.A. Banking and Insurance or Bachelor of Business Administration in Banking and Insurance is a three-year undergraduate course in banking. The program includes training for various concepts and fundamentals used and practiced in the insurance and banking sectors. Students who have completed their 12th may enroll in this bachelor's program in banking and insurance. | B.Com Banking and Insurance is a three-year full-time undergraduate program that offers to analyze numerous banking and insurance aspects. It is a combination of banking and coverage education and smooth talents like communication and public relations. This direction is designed to put together professional graduates for coping with numerous commercial challenges. |
Course Duration | 3 years | 3 years |
Average Annual Fee | INR 24,000-10,00,000 | INR 14,000-10,00,000 |
Average Annual Salary | INR 6,00,000-10,00,000 | INR 3,00,000-10,00,000 |
Scope for Higher Education | To enhance managerial skills and to grab better opportunities, one should pursue an MBA after BBA. | One can choose to pursue his/her career by either going for an M.Com course or MBA course or professional courses such as CA, CS, CWA, etc. |
Job Profile | Credit and Risk Manager, Insurance Manager, Asset Manager, Accountant, Broker, Cashier, Auditor, Equity Research Analyst, etc. | Accountant, Broker, Loan Officer, Market Analyst, Sales Officer, Sales Manager, etc. |
Top Recruiters | IBM, INNOWAR, HDFC Bank, Fidelity, etc. | HDFC, BPO, Amazon, Oracle, ICICI, Airtel, Vodafone, etc. |
(4).
Top Colleges
The below table shows some Top Colleges in India for BBA Banking and Insurance, along with the annual course fees.
Name of college | Average Annual Fee(INR) | Location |
Maharaja Surajmal Institute- MSI | Rs. 88,000 | New Delhi |
JECRC University | Rs. 1,10,000 | Rajasthan |
IIKM Business School | Rs. 85,000 | Chennai |
Sri Guru Tegh Bahadur Institute of Management and Information Technology | Rs. 70,000 | New Delhi |
Manav Rachna International University | Rs. 1,55,000 | Faridabad |
DY Patil University School Of Management- DYPUSM | Rs. 1,20,000 | Navi Mumbai |
Krupanidhi Degree College | Rs. 58,000 | Bangalore |
Guru Gobind Singh Indraprastha University- GGSIPU | Rs. 65,000 | Delhi |
Amity University | Rs. 3,55,000 | Noida |
GLA Institute Of Business Management | Rs. 80,000 | Mathura |
VIPS | Rs. 91,300 | Delhi |
RIMT University | Rs. 37,500 | Gobindgarh |
DY Patil University | Rs. 1,20,000 | Pune |
Symbiosis University of Applied Sciences- SUAS | Rs. 2,45,000 | Indore |
Sharda University | Rs. 1,65,000 | Greater Noida |
Sunrise University | Rs. 30,000 | Alwar |
DIRD | Rs. 70,000 | New Delhi |
Elphinstone College | Rs. 13,000 | Mumbai |
Noida International University | Rs. 1,10,000 | Noida |
Indian Academy Degree College- IADC | Rs. 35,000 | Bangalore |
Top
City-wise BBA in Banking and Insurance Colleges
Listed below are some top city-wise BBA Banking & Insurance colleges:
Name of City | Name of College | Average Annual Fee(INR) |
Bangalore | DSU | Rs. 1,60,000 |
Manipal Academy Of Higher Education | Rs. 1,63,000 | |
Krupanidhi Degree College | Rs. 58,000 | |
IAGI | Rs. 70,000 | |
Delhi | MSI | Rs. 88,000 |
VIPS | Rs. 91,300 | |
Guru Gobind Singh Indraprastha University | Rs. 65,000 | |
Sri Guru Tegh Bahadur Institute of Management and Information Technology | Rs. 55,000 | |
Sharda University, Noida | Rs. 1,59,000 | |
DIRD | Rs. 70,000 | |
Pune | IMED | Rs. 1,00,000 |
DY Patil University | Rs. 1,20,000 |
(5).
Job & Placements
BBA
Banking and Insurance Placement cell facilitates corporate and student for
recruitment. The cell develops students who are employable according to
corporate requirements. This is done through hours of targeted training which
will help them improve confidence levels, analytical thought, presentation
delivery, communication skills, and technical know-how.
The
department assists students with recruitment and creates opportunities through
projects, seminars, guest faculty from various industries, internships, and any
other Industry-college partnership.
Job
Profiles
The top job roles one can achieve after earning a BBA Banking and Insurance degree are mentioned below. The below table consists of the job roles and descriptions.
Job Profile | Job Description |
Loan counselor | A Loan Counselor is someone who works for any economic organization. His work is to test and confirm the facts and alertness of a purchaser to provide the purchaser with an economic plan. He will give an explanation for the information about the plans concerning the phrases and situations associated with the plan he offered. He may solve the questions of the purchaser and fulfill his queries. |
Customer Service Representative | Customer service representatives attend to all customer queries related to account balance, interest rates, compromised debit/credit cards, and other banking services. |
Branch Managers | The function of a department supervisor consists of overseeing all of the obligations and sports of a selected department like hiring and education of the staff, overseeing each daily transactions and monetary sports, client service, and keeping reports. |
Insurance Manager | Insurance Manager is one of the essential and crucial jobs within the coverage sector. They should be abreast of all of the tendencies and norms approximately the present-day association’s fitness and assets coverage so that they can make certain to hold the clients properly informed. |
Specialist Officers | A critical profile within the banking sector, professional officials are employed to address obligations in diverse fields, the maximum not unusual place being Agriculture. The obligations consist of selling mortgage and credit score centers in rural areas, supporting farmers and land proprietors in taking loans and repaying them, permitting verbal exchange among banks and the public, and keeping reports. |
Assistant Controller | Assistant Controller’s utmost precedence is to generate monetary statements and reviews for customers in addition to the association's control department. They additionally help Financial Managers with budgeting and growing policies, amongst different activities. |
Financial Advisor | A Financial Advisor is called a Financial Planner. He will offer facts to his clients. He will inform us what must do and what must not. To be a hit economic advisor, applicants require subject revel in earlier than working. Financial businesses normally ask for applicants who've accomplished internships in their respective fields. |
Bank Clerks | Bank clerks have the responsibility of completing tasks related to data entry, bookkeeping, and log-book maintenance. They are hired in different departments of the bank like – accounts, exchange, loan, securities, administration, etc. |
Credit and Risk Manager | Credit and Risk Manager ensures minimal credit risk and focuses on creating strategies to recover from the losses that might occur. |
Insurance manager | One of the essential humans inside the coverage organization. They are nicely aware of the plans and norms approximately any sort of fitness or belongings coverage the business enterprise gives. However, they need to be aware of all different elements whilst imparting any coverage from the business enterprise he's running for. Therefore, he now no longer best gives a plan however additionally continues to a near eye on each unmarried factor. |
Probationary Officer (PO) | The activity profile of a Probationary Officer consists of diverse obligations such as trendy banking and administrative activities. |
Investment Banker | Investment bankers help private associations as well as government entities to obtain capital financing by managing investments, allocating resources, and pricing capital. |
Cashier | Cashiers used to carry out obligations associated with cash. The whole case dealing with the clients is accomplished with the customer. However, they could need to carry out a few types of income obligations, sell a few products, or affect the clients to shop for a few plans or products, etc. There isn't any preceding revel in required for this job. Freshers can get such jobs. |
Asset Manager | Asset Manager, a person who handles all of the client’s assets and is responsible for analyzing their investments, risk factors, and what can be gained from those investments with minimal or zero loss. |
Accountant | They used to work with obligations in conjunction with the administration. They work a decent timetable to hold statistics of details, assist the administration, replace the statistics from time to time, and more. |
Internal Auditor | The Internal Auditor has to perform the full audit of an association, including risk management, financial reliability, compliance & regulations, along with developing annual policies. |
Agent and Broker | As an agent and broker, the person might be accountable to create new relationships and preserve antique relationships by promoting plans to clients as consistent with their needs. |
Loss Control Specialist | Loss Control Specialists work on building strategies on how to diminish the losses, whether it’s related to healthcare or property. |
Investment Analyst | Investment Analysts perform financial forecasting by analyzing sales revenue, cost, and other financial data. |
Top
Recruiters
For Banking- Banks are used to recruiting in the post of PO (Probationary officer), Clerk, and more. There are a lot of Government and Private banks in the country that used to recruit employees. They are the State Bank of India, Union Bank ofIndia, Punjab National Bank, Bank of India, Bank of Baroda, HDFC Bank, AxisBank, ICICI Bank, IndusInd Bank, Kotak Mahindra, etc.
ICICI Prudential Life Insurance | HDFC Standard Life Insurance | ACCOR PLUS |
INNOWAR | IBM | AXIS Bank |
Jet Konnect | Royal Bank of Scotland | British Airways |
Kotak Mahindra Life Insurance | SBI Life Insurance | Bullman Realty |
Novus Green | TATA consultancy | Concentrix |
PNB MetLife | Vasundhara Grand | Fidelity |
Reliance | Wipro | HDFC Bank |
Employment
Areas
Listed below are some employment areas for BBA in Banking & Insurance graduates:
Indian economic services | Credit Companies | Aviation Industry |
Insurance Industry | Credit Unions | Banks |
Investments | Educational Institute | Charity Associations |
Mortgage Companies | Health Departments | Insurance Industry |
Research Agencies | Indian civil services | Automobile Industry |
Savings and Loan Associations | Shopping Malls | Consultancy Services |
Average
Salary
B.B.A. Banking and Insurance graduates can work as professionals in accounting, finance, banking, and Insurance. This direction gives enough possibilities to college students each in phrases of process and better education. With a BBA Banking and Insurance degree in hand, students can work as Chartered Accountants, Investment Bankers, Investment Analysts, Budget Analysts, Business Consultants, Business Operation Managers, Certified Public Accountants, etc. In addition, graduates can find jobs in both private and govt. Corporations. The average salary for BBA Banking and Insurance freshers is INR 2,00,000-500,000, which would increase with experience and skills.
Job Role | Average annual salary(INR) |
Loan counselor | Rs. 2,00,000-3,00,000 |
Cashier | Rs. 2,00,000-3,00,000 |
Accountant | Rs. 2,00,000-3,00,000 |
Financial Advisor | Rs. 4,00,000-6,00,000 |
Insurance manager | Rs. 5,00,000-6,00,000 |
(6).
Career/Scope
There
is a huge spectrum of possibilities inside the process marketplace after
acquiring a BBA direction diploma in Banking and Insurance. One can observe a
central authority organization or a personal one. The scope of this direction
isn't constrained to at least one field, college students can select any of the
fields, consisting of banking, the coverage industry, credit score union, loan
company, financial savings and mortgage association, car industry, and charity
association, amongst others.
Job
Prospects
Candidates
who've finished the BBA in Insurance and Banking zone are ordinarily recruited
at authorities banks. They will fill out the software shape for the doorway
examination carried out on the countrywide degree to get located for any
profile. Besides this, graduates from this department may also follow for a
task at any authorities or personal financial institution within the
country. Candidates making use of banking additionally ought to clean the not
unusual place front examination because the opposition inside the zone could
be very high. Most of the organizations from the coverage and banking sectors
rent college students who maintain exact communique and control skills. Besides
this, applicants may follow for similar training thru an MBA in Banking and
Insurance or PGDM in Banking and Insurance.
Candidates
who're shifting for a job can follow any of the sectors indexed below.
(i). Charity
Associations
(ii). Shopping Malls
(iii). Credit Unions
(iv). Savings and Loan Associations
(v). Mortgage Companies
(vi). Consultancy Services
(vii). Research Agency
(viii). Automobile Industry
(ix). Health Departments
(x). Credit Companies
(xi). Educational Institute
(xii). Aviation Industry
(xiii). Banks
(xiv). Insurance Industry
Career
options after BBA Banking and Insurance
Banking
and Insurance are sectors that are speedy evolving and witnessing
transformational change. Banks are the spine of all sports because in each
transaction wherein cash is involved, the financial institution is the primary
character. The coverage of commercial enterprise is one of the distinguished
monetary offerings in current times. Various jobs are to be had in each public
and personal company for BBA Banking and Insurance graduates. Students can get
jobs in numerous Business Consultancies /agencies, Educational Institutes,
Public Accounting Firms, Policy Planning, Foreign Trade, Banks, Budget
Planning, Inventory Control, Merchant Banking, etc. Students also can pursue
better research or some other expert certificate courses. Some task roles
presented to graduates are:
(i).
Investment Broker
(ii). Investment Analysts
(iii). Budget Analysts
(iv). Business Consultants
(v). Business Operation Manager
(vi). Certified Public Accountant
(vii). Chartered Management Accountant
(vii). Auditors
(viii). Actuaries
(ix). Bookkeepers
(x). Finance Managers
(xi). Financial Analyst
(xii). Human Resource Managers
(xiii). Investment Banker
Scope
for Higher Education
Ample
opportunities and career alternatives are available for BBA Banking and
Insurance graduates. Students can opt for a job or higher education depending
on their skills and interests. BBA Banking and Insurance offers opportunities
in many sectors like Banks, Budget Planning, Business Consultancies,
Educational Institutes, Investment Banking, etc. Some of the higher education
courses that students can opt for after completion of the program are as such:
(i). PGDM
(ii). CA
(iii). M.Com in Finance
(iv). MBA
Skills
that make you the Best BBA Banking and Insurance Graduate
BBA
Banking and Insurance graduates must reveal appropriate mathematical and
problem-fixing abilities. They must be appropriate at numbers and must give you
progressive thoughts for groups in saving money. A few important abilities for
BBA Banking and Insurance graduates are:
(i). Excel
spreadsheet abilities
(ii). Good Managerial Skills
(iii). Strong Mathematical Ability
(iv). Problem-Solving Skills
(v). Proficiency in Microsoft Office software program suite
(vi). Strong Communication Skills
(7).
FAQs
(1). What is BBA Banking and
Insurance?
(2). What is Banking?
(3). What are the top colleges
offering BBA Banking and Insurance courses?
(4). Is maths compulsory for BBA in
banking and insurance?
(5). I want admission to BBA Banking
and Insurance. Do I have to clear any exams for that?
(6). Which job role pays more after
BBA in banking and insurance?
(7). What is the average fee for the
course BBA Banking and Insurance?
(8). Can I do a bank job after BBA?
(9). Is BBA in banking and insurance a
good career?
(10). How can I make a career in the
Insurance sector?
(11). What are the popular
specializations related to BBA Banking and Insurance?
Ans. Some of the popular specializations for B.B.A. (Bachelor of Business
Administration) are
(12). Can I give a bank exam after my
BBA?
Ans. Yes certainly,
students from any discipline can sit for bank exams.
(13). What is the duration of the course
BBA Banking and Insurance?
Ans. BBA Banking and
Insurance is a 3-year course.