BBA Banking and Insurance is a 3 years Undergraduate degree course in the field of Banking and Finance. Students who want to pursue the course should clear their class 12th board examination with minimum 50% aggregate marks or equivalent CGPA.
Colleges such as Amity University, DY Patil University, NMIMS etc offer similar courses. Admissions to these courses are usually done on both merit and well as on entrance exams as well. Some of the common entrance exams for this course are SET, CUCET, UGAT etc. The average course fees range from INR 2 - 5 LPA.
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BBA Banking and Insurance: Highlights
- BBA Banking and Insurance course full form is Bachelor of Business Administration Banking and Insurance.
- Admission to BBA Banking and Insurance is done on entrance exams as well as on a merit basis.
- Common BBA entrance exams are SET, GGSIPU CET, AIMA UGAT, CUCET, SUAT, GLAET, etc.
- Some colleges offer integrated courses as well, like the BBA-MBA course which is a 4 years long course.
- BBA Banking and Insurance Distance Education are also available in India for students who wish to pursue professional courses or want to earn professional experience.
- BBA Banking and Insurance distance education annual fees are around INR 8K - 40K, whereas, BBA Banking and Insurance full-time annual fees are around INR 15K - 5 Lakhs.
- Amity University and IGNOU are some of the best colleges for distance education in India.
- The average annual salary after BBA Banking and Insurance ranges between INR 2-6 LPA.
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The top and most lucrative job opportunities are Internal Auditor, Investment Analyst, Credit and Risk Manager, Insurance Manager, Investment Banker, Asset Manager, Agent and Broker, etc.
All About BBA Banking and Insurance
BBA Banking and Insurance is a 3 year UG course, which allows students to specialize in the banking and insurance sectors and enhances their managerial and entrepreneurial skills. Students who wish to pursue his/her career in the banking and insurance sectors can enrol for this course. Admission to this course commences between the months of April-July. Students can apply to colleges either on an entrance exam basis or on a merit basis.
BBA Banking and Insurance subjects deal with Principles of Management, Accounting, Economics, Treasury Operations, Rural Finance, etc. The three-year bachelor course is divided into six semesters and allows students to handle the bank-related activities and produce accurate and better outcomes within a short span of time. Students after Bachelor of Business Administration Banking and Insurance lands a good opportunity with an average salary of INR 2.5-10 LPA.
Top BBA Banking and Insurance Colleges are in Delhi/NCR, Mumbai, among other cities, such as Amity University, Sharda University, DY Patil University School Of Management, Delhi Institute of Rural Development.
Why Study BBA Banking and 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 banking and insurance career.
- As per the NSDC report, at present, over 5 million professionals are working in the Banking and Insurance industry. This industry is one of the leading employers of fresh and strong talent in India providing a wealth of opportunities.
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The most common reasons as to Why BBA Banking and Insurance are developing and enhancing managerial and entrepreneurial skills, good salary, accelerate career prospects to land a real-best opportunity, etc.
BBA Banking and Insurance Admission Process
Students who wish to pursue their career in banking and insurance can take admission to BBA courses either on the basis of an entrance exam or on a merit basis.
- Direct admission to BBA in Banking and Insurance courses will be given to students based on their 10+2/equivalent marks achieved.
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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.
Eligibility Criteria
- Education Qualification: Students must have qualified 10+2/equivalent in any discipline from a recognized board.
- 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).
- Entrance Exam: Students planning to take admission 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 2024
To offer admission to BBA in Banking and Insurance courses, universities search for students with a zeal to understand the financial side of the business world. Admission can be earned through the national/state/university level entrance exam.
Admission to BBA (Bachelor of Business Administration) in Banking and Insurance occurs between the months of April-July. Steps in the BBA Banking and Insurance admission process includes a qualifying entrance exam, securing a position on the merit list, appearing for the GD-PI round, final selection and verification of the documents.
Entrance Exam Important Dates
The below are the important dates of entrance exams that students can give to take admission to the BBA Banking and Insurance course.
| Examinations | Exam Details |
|---|---|
| CUET | Check CUET Exam Dates |
| IPMAT | Check IPMAT Exam Dates |
| IPU CET | Check IPU CET Exam Dates |
| NPAT | Check NPAT Exam Dates |
| AIMA UGAT | Check AIMA UGAT Exam Dates |
| SET | Check SET Exam Dates |
BBA Banking and Insurance: Syllabus
BBA in Banking and Insurance caters to job opportunities in the financial sector. During the course tenure of 3 years, students will be able to build a strong understanding of the financial sector as a whole and can enhance their domain knowledge.
| Economics for Managers | Financial Management |
| Corporate Insurance management | Advance Technology in Banking |
| Management Information Systems | Statistics for Management |
| Insurance Management | Merchant Banking & Financial Services |
| Team Management | Insurance Products |
| Human Resource Management | Principles and Practices of Management |
| Legal Aspects of Banking | Organizational Behaviour |
| Strategic Credit Management | Housing, Vehicle, Consumer and Personal Loans, etc |
| Counter Operations & Account, Savings Bank, and Remittances | Marketing Management |
| Principles and Practices of Banking | Treasury & Risk Management |
The below table shows the are some Top Colleges in India for BBA Banking and Insurance, along with annual course fee.
Top Colleges Abroad for BBA Banking and Insurance Course
If you are planning to study abroad and searching for top colleges offering BBA Banking and Insurance courses, then you have come to the right place. The below table carries the information about the Top Colleges Abroad for BBA Banking and Insurance, along with the annual course fee and QS Ranking .
Applicants who have qualified IELTS/TOEFL/PTE exam with a good score are eligible to apply for BBA Banking and Insurance Course.
| QS Ranking | Colleges Abroad for BBA Banking and Insurance | Course Annual Fee (INR) |
|---|---|---|
| 1 | Massachusetts Institute of Technology | 41 Lakhs |
| 16 | University of Pennsylvania | 40 Lakhs |
| 42 | Duke University | 45 Lakhs |
| 49 | London School of Economics and Political Science | 23 Lakhs |
BBA Banking and Insurance: Distance Education
BBA course degree in Banking and Insurance can also be earned via distance education. Students can either pursue a professional course or work full-time alongside completing his/her graduation at their own pace. Most of the universities/colleges cater to provide admission to students based on merit.
Distance Education Admission Process
BBA Banking and Insurance distance education admission process is mentioned below:
- Direct admission is being offered by many universities/colleges. To take admission, students are required to fill the application form with all the necessary details and make sure to check the eligibility criteria of the targeted colleges before filling up the form.
- After the form is filled, students have to upload the necessary documents in the prescribed format and size.
- Lastly, payment for admission fees will be made by students.
- After successful submission, some colleges send out a notification/email, once they receive your application.
- Now is the time to be patient, wait for the merit list to get displayed on the official website, if your application gets shortlisted you’ll be eligible to take admission to BBA Banking and Insurance in distance learning mode.
Distance Education Eligibility Criteria
To take admission to BBA Banking and Insurance distance learning mode, one has to meet the eligibility criteria of that particular college. The following is the common eligibility criteria, the rest criteria will differ from college to college.
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Students who have passed 10+2/equivalent from a recognized board with an aggregate minimum of 50% marks are eligible to apply.
Distance Education Top Colleges
Along with full-time and part-time BBA Banking and Insurance courses, some colleges offer distance education for those students who aren’t able to attend the college or for those who are pursuing a professional course. The below are some Distance Education Colleges for BBA Banking and Insurance.
| BBA Banking and Insurance Distance Education Colleges | Course Annual Fee (INR) |
|---|---|
| Amity University | 35,000 |
| Suresh Gyan Vihar University | 27,000 |
| DY Patil University | 25,000 |
| NMIMS Global Access School For Continuing Education | |
| Sikkim Manipal University | 20,000 |
| ICFAI University | 14,000 |
| Jaipur National University | 12,000 |
| Lovely Professional University | 10,000 |
| Indira Gandhi National Open University (IGNOU) | 10,000 |
| Annamalai University | 8,000 |
BBA Banking and Insurance: Course Comparison
Below is a tabulated differentiation between BBA Banking and Imsurance and B.Com Banking and Insurance for your reference,
| Parameters | BBA Banking and Insurance | B.Com Banking and Insurance |
|---|---|---|
| Duration | 3 years | 3 years |
| Job Opportunities | Some of the common job roles offered after BBA are Credit and Risk Manager, Internal Auditor, Investment Analyst, and Assistant Controller. | Most common job roles offered after B.Com are Operations Manager and Finance Analyst. |
| Average Annual Salary | INR 2-10 LPA | INR 2-6 LPA |
| Course Fee | INR 20,000 - 10 Lakhs | INR 10,000- 10 Lakhs |
| Scope for Higher Studies | 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. |
| Top Colleges | Amity University, Noida Symbiosis University of Applied Sciences, Indore Sharda University, Greater Noida Manav Rachna International University, Faridabad DY Patil University School Of Management, Navi Mumbai JECRC University, Jaipur Noida International University, Noida |
Amity University, Raipur Jagannath Institute of Management Sciences, Delhi Lovely Professional University, Phagwara NIMS University, Jaipur SAGE University, Bhopal Indus University, Ahmedabad KL University, Guntur |
After successful completion of one’s BBA Banking and Insurance course, there are many great job opportunities you can apply to, such as Credit and Risk Manager, Internal Auditor, Investment Analyst, Assistant Controller and Loss Control Specialist.
The average annual salary package ranges from INR 2-10 LPA. The starting salary package in India can be INR 2 LPA or INR 5 LPA, depending on the profile one wishes to pursue, after Bachelor of Business Administration in Banking and Insurance.
Job Roles
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, descriptions and what will be the average annual salary package.
| Job Roles | Job Description | Average Annual Salary (INR) |
|---|---|---|
| Credit and Risk Manager | Credit and Risk Manager, ensure minimal credit risk and focuses on creating strategies to recover from the losses that might occur. | 4 - 5 LPA |
| Customer Service Representative | Customer service representatives attend all the customer queries related to account balance, interest rates, compromised debit/credit cards and other banking services. | 2.5 - 3 LPA |
| Insurance Manager | Insurance Manager is one of the critical and vital jobs in the insurance sector. They have to be abreast of all the developments and norms about the current association’s health and property insurance, so they can ensure to keep the customers well informed. | 4.5 - 5 LPA |
| 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. | 5.5 - 7.5 LPA |
| Investment Analyst | Investment Analysts perform financial forecasting by analysing sales revenue, cost, and other financial data. | 6.5 - 7 LPA |
| Investment Banker | Investment bankers help the private association as well as government entities to obtain capital financing by managing investments, allocating resources, and pricing the capital. | 9 - 10 LPA |
| Asset Manager | Asset Manager, a person who handles all of the clients’ assets and is responsible for analysing their investments, risk factors and what can be gained from those investments with minimal or zero loss. | 9 - 9.5 LPA |
| Assistant Controller | Assistant Controller’s utmost priority is to generate financial statements and reports for clients as well as the association's management department. They also assist Financial Managers with budgeting, creating policies, among other activities. | 7 - 8 LPA |
| Agent and Broker | As an agent and broker, the person will be responsible to create new relationships and maintain old relationships by selling plans to customers as per their needs. | 3 - 3.5 LPA |
| Loan Counsellor | A Loan Counsellor checks and validates the data and documents which will be offered to the client about the financial plan. | 2 - 2.5 LPA |
| Loss Control Specialist | Loss Control Specialists work on building the strategies on how to diminish the losses, whether it’s related to healthcare or property. | 3.5 - 4 LPA |
Top Recruiters
Every association demands a person who can handle the finance activities, hence many companies are looking to hire BBA Banking and Insurance graduates but who are the Top Recruiters? The below-mentioned table below states the Best and Reputed Recruiters for students specializing in Banking and Insurance domain.
| Kotak Mahindra Life Insurance | Concentrix |
| Wipro | AXIS Bank |
| IBM | ICICI Prudential Life Insurance |
| HDFC Bank | Royal Bank of Scotland |
| Fidelity | PNB MetLife |
| SBI Life Insurance | HDFC Standard Life Insurance |
BBA Banking and Insurance Scope
There is a broad spectrum of opportunities in the job market after obtaining a BBA course degree in Banking and Insurance. One can apply to a government organization or a private one. The scope of this course is not limited to one field, students can choose any of the fields, such as banking, the insurance industry, credit union, mortgage company, savings and loan association, automobile industry, charity association, among others.
BBA Banking and Insurance: FAQs
Ques. Which job role pays more after BBA in banking and insurance?
Ans. The most lucrative and higher pay job roles after BBA in banking and insurance are Investment Banker (average 9 - 10 LPA) and Asset Manager (average 9 - 9.5 LPA).
Ques. Is maths compulsory for BBA in banking and insurance?
Ans. No, maths is not compulsory for BBA in banking and insurance but it is highly preferred, as you have to make a career in the banking and insurance sector and the more skills you have the better the opportunity you can gain.
Ques. Should I go for a BBA general or a BBA in banking and insurance?
Ans. If you have a keen interest in banking and insurance and hold a certain skill set, which can help you to boost your career, then you should opt for BBA banking and insurance.
Ques. Can an arts student pursue a BBA in banking and insurance?
Ans. Yes, BBA in banking and insurance can be pursued by students from any discipline, including arts, as long as they have managerial skills which can be sharpened up by pursuing the course.
Ques. What skills are required after BBA in banking and insurance?
Ans. Banking and insurance offer a wide spectrum of opportunities for students to explore. Here are some skills required after a BBA in banking and insurance.
- Leadership
- Creating and maintaining client relationships
- Pre-planning and strategic thinking
- Communication and soft-spoken
- Learning and adapting the culture of banking and insurance
- Technical and business awareness
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Keeping abreast of the latest development in the banking and insurance sector
Ques. Is BBA in banking and insurance a good career?
Ans. Yes, BBA in banking and insurance is a good career. Banking and insurance is a flourishing sector and offers an opportunity to students with a basic understanding of the financial and insurance markets. It is estimated that every financial year more than two lakh positions will be available in the job market.
Ques. How long does it take to complete BBA in banking and insurance?
Ans. To complete a BBA in banking and insurance will take 3 years but to become a manager in a particular field will take an average of 8-9 years. Three years to earn a bachelor's degree, two years if you opt for a master's degree and three years of professional work experience with a reputed organization.
Ques. Can I do job in bank after BBA in banking and insurance?
Ans. Yes, after BBA in banking and insurance, you are free to work in any sector, including banking and any field that you wish to pursue. Although, working in a bank with help you to excel in your field as you have a specialization degree in banking and insurance.
Ques. Is IP university good for BBA in banking and insurance?
Ans. Yes, BBA in banking and insurance is one of the best courses offered by IP university. The placement, infrastructure, faculty of the university is good and IP university focuses on enhancing the skills of the students in order to achieve great outcomes.
Ques. What are some best colleges in Pune for BBA in banking and insurance?
Ans. The following are some best colleges in Pune for BBA in banking and insurance:
- Symbiosis Skills and Professional University
- MIT WPU - World Peace University
- Ness Wadia College of Commerce
- Department of Management Sciences
- SNDT Women's University
- MIT College of Management
- NIBE: The International Business college
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