MBA in Banking and Insurance
Catagory: Banking and Accounts
Course Type: Post Graduation
Duration: 2 Year
Study Mode: Regular
About Course
MBA in Banking and Insurance:
MBA in Banking and Insurance is a 2-year postgraduate course in management that involves the study of concepts for management in the banking and insurance industry. The course caters to the Banking and Insurance industry, which is one of the largest areas of employment for finance professionals in India. The course is tailor-made to suit the needs of a candidate who wishes to join an organization providing banking or insurance services and prepares students for leadership positions at these firms.
Candidates who are interested in taking up the course must have completed their graduation. Students of all streams are eligible to apply to this course. However, students who have studied subjects such as Maths and Commerce in class 12th or at the graduation level are more suited for the course. The course takes a student through the fundamental concepts of the banking and insurance industry while also tackling specialized subjects related to the field including Risk Management, Investment Banking, among others.
The ideal student for an MBA in Banking and Insurance programme must have good mathematical skills. The student must also have sound analytical and logical reasoning skills and must be able to communicate effectively.
Highlights of MBA in Banking and Insurance
Full Name | Master of Business Administration in Banking and Insurance |
Stream | Management |
Level | Postgraduate |
Duration | 2 years |
Exam Type | Semester-Wise |
Eligibility | Graduation in any stream |
Admission Process | Entrance Exam + GD + PI |
Average Course Fee | Rs. 5 - 8 LPA |
Average Starting Salary | Rs. 6 - 7 LPA |
Top Job Positions | Asset Manager, Marketing and Sales Manager, Investment Banker, Financial Manager, Credit Analyst, Financial Analyst etc. |
Top Recruiting Companies | ICICI Bank, Kotak Mahindra Bank, SBI, LIC, Axis Bank etc. |
Eligibility Criteria for MBA in Banking and Insurance
Given below is the eligibility criteria for an MBA in Banking and Financial Services course. The exact requirements for admission may vary by the college but the basic requirements for admission to MBA in Banking and Insurance are common across all of the colleges.
- Candidate must have completed their graduation (bachelor's degree course) from a recognized institute or university.
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Candidates from all streams are considered eligible to apply for this course.
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Candidate must have scored at least 45% to 50% aggregate marks in their bachelor's degree course. Some colleges may specify a higher minimum percentage criterion.
Career option for MBA in Banking and Insurance:
Usually, graduates with knowledge in both finance and management are employed by banks for various posts based on All India Examination. Although finance and management graduates may have an edge over other aspirants, any applicants from any stream are eligible to enter this field by qualifying the entrance exams which are being conducted by banks every year. At senior level banks opt for experienced bankers.
Generally, banks look for those students who have good communication skills and have the ability to handle customers and possess basic knowledge about the industry. One needs to specialize in certain specific areas such as credit appraisal, loan and foreign exchange to be eligible for joining an overseas bank or private sector bank at senior level positions.