Bachelor of Commerce (B.Com.) Banking and Insurance - Patuck Gala College of Commerce and Management, Mumbai

  • Years 3 Years
  • Type Course Under Graduate
  • stream Commerce
  • Delivery Mode
Written By universitykart team | Last updated date Feb, 14, 2023

About B.Com. Banking and Insurance: Admission Process, Eligibility, Exams, Syllabus, Fees, Jobs, Top Colleges, Other Specializations

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.

Highlights - B.Com Banking and Finance Course Details

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

What is B.Com Banking and Finance

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.

What is B.Com Banking and Finance

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.

  1. Individuals interested in this field may find opportunities to work with corporations in financial markets or within government agencies. This versatile course can open doors to global opportunities and facilitate earning potential.

  2. Such a course offers practical guidance and an in-depth understanding of banking and business principles. Upon completion of the Bachelor of Commerce program, students will have acquired a comprehensive knowledge of both study areas.

  3. They will have developed the conceptual skills and analytical approach necessary to address challenges within their respective fields. Additionally, they will be equipped to formulate effective strategies, manage risks, and make sound decisions in their future careers.

  4. Graduates of this program may choose to pursue further studies, such as M.Com. or MBA, or embark on careers in banking, insurance, finance, auditing, or accountancy, both in the public and private sectors.

  5. The Bachelor of Commerce in Banking and Finance degree offers a broad yet robust educational foundation covering various components such as banking, economics, accounting, business management, finance, and more.

B.Com in Banking and Finance Admission Process 2024

The admission process for B.Com in Banking and Finance for the year 2024 typically involves the following steps:

  1. Application: Interested candidates need to fill out the application form either online or offline, depending on the requirements of the institution offering the program.

  2. Submission of Documents: Applicants are required to submit necessary documents, including academic transcripts, certificates, and any other required materials, along with the application form.

  3. 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.

  4. 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.

  5. Counseling/Interview (if applicable): In some cases, institutions may conduct counseling sessions or interviews to assess the candidate's suitability for the program.

  6. 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.

B.Com Banking and Finance Eligibility Criteria

The eligibility criteria for B.Com in Banking and Finance typically include:

  1. Completion of 10+2 education (or its equivalent) from a recognized educational board.

  2. A minimum aggregate percentage in the qualifying examination, often around 50% or as specified by the institution.

  3. Proficiency in English, as some institutions may require candidates to demonstrate competence in the language through standardized tests or other means.

  4. Meeting any additional requirements specified by the institution, such as qualifying in entrance exams or undergoing interviews.

B.Com Banking and Finance Entrance Exams

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.

B.Com Banking and Finance Syllabus

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 
Quantitative Methods 
Business Law
Semester II The Environment of Financial Institutions 
Principles of Management 
Effective Communication 
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 VMarketing in Banking and Insurance
Financial Services Management 
International Banking and Finance 
Financial Reporting and Analysis 
Security Analysis and Portfolio Management 
Semester VI Strategic Management 
Central Banking 
International Business 
Human Resource Management in Banking 
Business Ethics and Corporate Governance  Turnaround Management 
Project Presentation of Banking and Insurance

B.Com Banking and Finance Subjects

The subjects typically taught in the Bachelor of Commerce in Banking and Finance program:

  1. Environment and Management of Financial Services.

  2. Financial Accounting.

  3. Introduction to Computer Systems.

  4. Business Law.

  5. Laws Governing Banking and Insurance.

  6. Universal Banking.

  7. Management Accounting.

  8. Entrepreneurship Management.

  9. International Banking and Finance.

  10. Financial Reporting and Analysis.

  11. Auditing.

  12. Human Resource Management in Banking and Insurance.

  13. Turnaround Management.

  14. Business Ethics and Corporate Governance.

B.Com Banking and Finance Course Comparison

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)

B.Com Banking and Finance Skills Required

The skills required for B.Com Banking and Finance:

  1. Financial analysis.
  2. Numerical proficiency.
  3. Attention to detail.
  4. Communication skills.
  5. Problem-solving.
  6. Risk management.
  7. Computer proficiency.
  8. Ethical conduct.
  9. Time management.
  10. Teamwork.
  11. Adaptability.
  12. Customer service

B.Com Banking and Finance Top Colleges in India

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

B.Com Banking and Finance Top Colleges in Abroad

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

B.Com in Banking and Insurance Benefits

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.

B.Com Banking and Insurance Career Opportunities and Job Prospects

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.

B.Com Banking and Finance Jobs and Salary

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

B.Com Banking and Finance Future Scope

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.

B.Com Banking and Finance FAQs

Q. What is B.Com Banking and Finance?

Ans. B.Com Banking and Finance is a three-year undergraduate program that focuses on providing students with knowledge and skills related to banking, finance, and financial management.

Q. What are the eligibility criteria for B.Com Banking and Finance?

Ans. The eligibility criteria typically require candidates to have completed 10+2 or equivalent examination from a recognized board with a background in Commerce.

Q. What are the career opportunities after completing B.Com Banking and Finance?

Ans. Graduates of B.Com Banking and Finance can pursue various career paths such as banking, financial analysis, investment banking, auditing, accounting, insurance, and more.

Q. What subjects are covered in the B.Com Banking and Finance curriculum?

Ans. The curriculum usually includes subjects like financial accounting, banking principles, financial management, business law, economics, investment analysis, risk management, and more.

Q. Are there any entrance exams for admission to B.Com Banking and Finance programs?

Ans. Some colleges may conduct entrance exams for admission, while others may admit students based on merit in their 10+2 examinations.

Q. What is the average salary for B.Com Banking and Finance graduates?

Ans. The average salary for B.Com Banking and Finance graduates varies depending on factors such as job role, company, location, and level of experience, but it typically ranges from INR 3 lakh to INR 6 lakh per annum.

Q. Can I pursue higher studies after completing B.Com Banking and Finance?

Ans. Yes, graduates can pursue higher studies such as M.Com, MBA, Chartered Accountancy (CA), Certified Financial Analyst (CFA), or other relevant postgraduate programs to further enhance their career prospects.

Q. What are the top colleges offering B.Com Banking and Finance programs in India?

Ans. Some of the top colleges offering B.Com Banking and Finance programs in India include Christ University, Jain University, K J Somaiya College of Arts and Commerce, and St. Xavier’s College, among others.

Q. What skills are required to excel in the field of banking and finance?

Ans. Essential skills for success in banking and finance include financial analysis, numerical proficiency, communication skills, attention to detail, problem-solving, risk management, computer proficiency, and ethical conduct.

Q. How can I apply for B.Com Banking and Finance programs?

Ans. Interested candidates can apply for B.Com Banking and Finance programs through online or offline modes as per the admission procedures specified by the respective colleges or universities.

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