Master of Business Administration (MBA) (Banking & Insurance) A master’s degree is designed to fulfil the administration and management need in the banking and insurance sector. An MBA in banking and Insurance gives a scope of controlling the shifts occurring in the finance sector and thus improving the economy too.

This 2-year master’s program provides a complete fundamental on analyzing, predicting, forecasting, managing, cash management and controlling, and other financial data regulations that will help the industry to grow in a diversified manner indeed!

MBA in Banking and Insurance Course, Eligibility, Fee

Eligibility & Admission

However, the minimum eligibility to pursue an MBA in banking and Insurance is that the student should be a graduate or should have acquired a bachelor’s degree in Management or banking and insurance relevant programs. Various top institutes offer this course in correspondence, part-time or full-time programs in the field.

The admission process starts after the candidate has cleared any one of the entrance exams, which are:

• CAT
• JMET
• MAT
• GMAT
• XAT

However, every college would have a different and particular entrance exam that a student has to clear, which would be followed by a personal interview. Few institutes admit students based on their bachelor’s degree grades and merits, instead of entrance exams. 

How to apply?

The application process has all become easy for an MBA in banking and Insurance, as it is available on both offline and online modes, once finished with the eligibility process. A student can obtain an application form from the respective institute where you want to take admission. The candidate can also apply through an online application form that would be available on the official website of the institute.

Course and Syllabus for MBA in Banking and Insurance Course, Eligibility, Syllabus

The course comprises of in-depth detail on the banking and insurance industry with current affairs and phases that the sector is going through.

The year I Syllabus/Modules

• Managerial Economics
• Principles of Management and Organizational Behavior
• Practices and Principles of Banking & Insurance
• Accounting for Managers
• Financial Management
• Insurance Management
• International Banking and Insurance
• Corporate Communication Management
• Quantitative techniques of Management
• Research Methods
• Operations Management
• Team Management
• Banking &Insurance Product and Marketing

Year II Syllabus/ Modules

• Retail Management of Financial Products
• Financial Institution and services
• Commercial Banking and RBI Roles.
• Management Controls for Banking and Insurance
• Mutual Funds& Portfolio Management.
• Merchant Banking
• Strategic Banking and Management
• Business Environment and Ethics
• Treasury & Risk Management
• Legal Concepts of Banking
• Infrastructure and Project Financing 

MBA in Banking Fees Structure, Salary & Career Scopes

The fees for the course ranges between 50,000 INR to 5 Lakh INR. The banking and Insurance industry has no fall down period and has ample career opportunities. The MBA graduates can opt for a career as Business or Finance Analyst, Finance Manager, Operations Manager, Executive Analyst, Portfolio Manager, Equity Research and Analyst, Investment Banker, and a wide variety of windows providing a salary between 6 Lakh to 10 Lakh Per annum.

Conclusion

The student can either opt for pursuing their career in one of these sub-fields of the industry or can also pick for further studies after MBA. However, banking and industry have a broad prospect in and around the globe.