Banking, Finance & Insurance Career Guide: Roles, Salary 2025 & Future Scope

Updated on Oct 4, 2022 07:39 IST
Vidhi Jain

Vidhi JainContent Writer

A career in banking sector produces so many job opportunities for qualified banking professionals that can provide several services like risk management, loans and investments, stock analysis, and many more. Presently, bank careers are a popular option among students as the high demand for banking professionals with particular knowledge and skills because of the rapid expansion and evolution of bank products and services.

A student who wants to start a career in banking sector must pursue the relevant course or clear the relevant competitive exam. The banking course covers several topics like asset handling, advances or loans, history of banking, investments and trust activities and so on. It also includes credit management, investment banking, commercial banking and trade finance.

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Top Careers in the Banking Sector

The banking sector is one of the important parts of an economy. There are several careers to choose from in the banking sector –

  1. Financial Accountant – The main responsibilities of a financial accountant include managing tax payments, preparing budgets and internal audits.
  2. Equity Analyst – The main work of equity analysts is to produce projections, research reports, and recommendations for organisations and stocks.
  3. Bank Manager – A bank manager supervises a specific bank branch, leads their employers and looks after daily operations.
  4. Financial Risk Manager – The main work of financial risk managers is to examine and identify earning capacity and threats to the assets or success of a business.
  5. Investment Banker – They deal with several financial processes of investment ventures that organisations accept. 

Some other popular bank careers are Foreign Exchange, Loan Officer, Assistant Manager, Business Analyst, Audit Clerks, Financial Risk Manager, Internal Auditor, Foreign Exchange Trader, Book-Keeper, Credit Analyst, Bank Teller and Financial Manager.

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Scope of Banking in India

The banking sector is considered the backbone of the Indian economy, which not only supports the economy and trade of the country but also provides good employment opportunities for students from all streams - Humanities, Science, and Commerce. Let’s look at some more bank careers.

National Bank of Agriculture and Rural Development – The main scheme aim of the NABARD is to offer funds for the rural infrastructure of India to allow long-term irrigation practices.

IBPS (Institute of Banking Personnel Selection) – It is one of the central recruitment agencies under the Ministry of Finance in the Government of India. The main goal of this recruitment agency is to promote the placement of graduates in several public sector banks except for the State Bank of India in our country.

State Bank of India Probationary Officer – The Probationary Officer of State Bank of India supervises customer service, opening bank accounts, processing loans, clerical activities, and many more.

SBI Clerkship – The main responsibility of SBI Clerks is to open the bank accounts and look after those transactions linked with handling chequebook requests, issuing demand drafts, transferring money using several payment modes, the NEFT/RTGS, and many more.

IBPS Regional Rural Banks (RRB) Officer – The main work of an IBPS RRB PO is to prepare the audit reports, NPA (Non-Performing Assets), loan disbursement & credit portfolio rating, and manages daily operations of the bank.

Average Banking Salary in India

The average salary of an individual working in a Bank in India is about INR 34,700 monthly. The average salary ranges of a person working in a Bank between INR 10,900 (lowest average) and INR 71,300 (highest standard, the actual maximum salary is higher). The wages of individuals who work in a bank differ on the basis of the post.

Banking Job Title

Average Salary (Monthly in INR)

Assistant Bank Branch Manager

41,800

Bank Operations Head

67,900

Credit and Collections Manager

47,000

Direct Bank Sales Representative

24,700

Financial Banking Systems Manager

47,500            

Loan Area Manager

42,300

Mortgage Development Manager

44,700

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Top Recruiters of Banking

The banking sector offers services and is a very important field that offers many jobs worldwide for those youngsters who want to work in the banking sector. If you want to start a banking career, then there are several top recruiters of the bank given below –

  • York & Associates
  • Anderson Young Associates Inc.
  • Kershner & Co
  • Marvel Consultants
  • e-FinancialCareers
  • Russell Stephens LLC
  • Babich & Associates
  • The EMAC Group
  • Kaplan Partners
  • Smith & Wilkinson
  • Phoenix Group International
  • Bradsby Group
  • Analytic Recruiting Inc.
  • Financial Recruiters LLC

Top Banking Colleges for Placement

The MBA in banking college train and equip students for pursuing business, financial services, and accounting careers. There are several colleges in India for banking courses with good placement records in India. A few of them are listed below –

MBA in Banking Colleges for Placements

Highest CTC in INR

WeSchool Mumbai

19.73 LPA

IFMR GSB Sri City

13.6 LPA

IMI Delhi

23.75 LPA

Alliance University

7.2 LPA

IMT Ghaziabad

14.00 LPA

Also Read:

Table of contents
  • Popular Banking, Finance & Insurance Colleges in India
  • Popular Private Banking, Finance & Insurance Colleges in India
  • Popular Exams
  • Popular Banking, Finance & Insurance Specializations
  • Most Popular Courses
  • Popular Banking, Finance & Insurance UG Courses
  • Popular Banking, Finance & Insurance PG Courses
View More

Popular Banking, Finance & Insurance Colleges in India

Following are the most popular Banking, Finance & Insurance Colleges in India. Learn more about these Banking, Finance & Insurance colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
6.75 L
6.8 LPA
10.5 L - 12.5 L
4.2
2 Courses
12.7 L
3.8
3 L - 9 L
7.78 LPA

Banking, Finance & Insurance Applications open. Apply Now

75 K - 4.6 L
3.8

Banking, Finance & Insurance Applications open. Apply Now

2 L - 10.8 L
7.25 LPA

Banking, Finance & Insurance Applications open till May 31, 2026. Apply Now

Popular Private Banking, Finance & Insurance Colleges in India

2 Courses
22 L
3 Courses
1 L - 7.8 L
6.45 LPA

Banking, Finance & Insurance Applications open. Apply Now

4.64 L - 11 L
6.2 - 7 LPA

Banking, Finance & Insurance Applications open. Apply Now

12.3 L - 15.6 L

Banking, Finance & Insurance Applications open. Apply Now

2 Courses
1.64 L - 2.08 L
1 Course
6.88 L

Banking, Finance & Insurance Applications open. Apply Now

Popular Exams

Following are the top exams for Banking, Finance & Insurance. Students interested in pursuing a career on Banking, Finance & Insurance, generally take these important exams.You can also download the exam guide to get more insights.

18 Aug ' 26 - 24 Aug ' 26

CFA 2026 August Level 1 Exam

11 Nov ' 26 - 17 Nov ' 26

CFA 2026 November Level 1 Exam

To Be Notified:

URAT PG 2026 Application Process (Phase 1)

TENTATIVE

To Be Notified:

URAT PG 2026 Admit Card & Time Table

TENTATIVE

29 Apr ' 26

AMU BA LLB Answer Key 2026

29 Apr ' 26 - 30 May ' 26

AMU BA LLB Objection Window 2026

Popular Banking, Finance & Insurance Specializations

Following are the most popular Banking, Finance & Insurance Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

Most Popular Courses

Following are the most popular Banking, Finance & Insurance courses, based on alumni reviews. Explore these reviews to choose the best course in Banking, Finance & Insurance.

Popular Banking, Finance & Insurance UG Courses

Following are the most popular Banking, Finance & Insurance UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Banking, Finance & Insurance PG Courses

Following are the most popular Banking, Finance & Insurance PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

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Gunjan Thapa

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The cut off marks for B.Com (insurance, stock) admission in PSG College, Coimbatore is between 84% to 94% for the General Category. But, the cutoffs keep fluctuating every year, depending on the applicant pool.

Some colleges that are similar to PSG College, Coimbatore is are:

Coimbatore Institute of T

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Swati Pandey

Beginner-Level 4

Answered 3 days ago

For the LBS class of 2026,   almost one-third of the class came from a consulting background. The second most popular background is the Finance background (22%).

The other two most popular are given below -

  • Technology / IT: 7%
  • Engineering: 3%

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Bhumika Vimal

Contributor-Level 10

Answered 4 days ago

BBA (H) Financial Markets with CFA Level I from GCEC Global Foundation is a specialised programme designed to provide deep knowledge of financial markets, equity analysis, corporate finance, and investment management. It is integrated with curriculum for preparation of CFA Level I.

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Saumya Gairola

Contributor-Level 10

Answered 4 days ago

Chartered Financial Analyst (CFA) programme, offered by the CFA Institute, is globally recognised in investment management and financial analysis. CFA Level I focuses on:

  • Portfolio Management
  • Quantitative Methods
  • Equity & Fixed Income
  • Financial Reporting & Analysis
  • Ethics & Professional Standards

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Saumya Gairola

Contributor-Level 10

Answered 4 days ago

After completing MBA in International Finance (ACCA-UK), students can apply for entry level jobs such as:

  • Credit & Risk Analyst
  • Treasury & Forex Analyst
  • Investment Research Analys
  • Corporate Finance Associate
  • International Banking Executive
  • Financial Planning Executive
  • Financial Analyst -Global Markets

 

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Saumya Gairola

Contributor-Level 10

Answered 4 days ago

MBA in International Finance (ACCA-UK) from GCEC Global Foundation focuses strongly on international finance. It trains students with global investment strategy skills for cross-border financial management. Its curriculum includes topics such as FX, treasury, risk and global markets.

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Saumya Gairola

Contributor-Level 10

Answered 4 days ago

Some of the major areas of study in MBA in International Finance (ACCA-UK) curriculum offered by GCEC Global Foundation are as follows:

  • Investment Analysis
  • International Banking
  • Global Capital Markets
  • Corporate Finance Strategy
  • International Trade Finance
  • International Financial Management
  • Foreign Exchange

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Saumya Gairola

Contributor-Level 10

Answered 4 days ago

Yes, students get support and exemptions from the institute to prepare for ACCA professional exams while completing their degree in BCom International Business/Finance (ACCA UK) at GCEC Global Foundation, Jaipur.


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Saumya Gairola

Contributor-Level 10

Answered 4 days ago

BCom International Business/Finance is an undergraduate honours programme with specialised focus on international finance, corporate accounting, global financial markets, and professional ACCA (UK) certification. Association of Chartered Certified Accountants is a globally recognised professional ac

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Saumya Gairola

Contributor-Level 10

Answered 4 days ago

Unlike a the regular BCom programme, BCom in Banking & Finance programme at GCEC Global Foundation focuses closely on banking operations, financial markets & investments and develops credit analysis & risk management skills.

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Saumya Gairola

Contributor-Level 10

Answered 4 days ago

After completing BCom in Banking & Finance from GCEC Global Foundation, graduates can build their careers in the following job roles:

  • Financial Planner
  • Credit & Risk Analyst
  • Corporate Finance Executive
  • Treasury Operations Specialist
  • Investment Banking Support Roles
  • Branch/Operations Manager in Bank
  • Relatio

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S

Saumya Gairola

Contributor-Level 10

Answered 4 days ago

After completing BCom in Banking & Finance from GCEC Global Foundation, graduates can apply for the following entry level job roles:

  • Junior Credit Analyst
  • Financial Services Executive
  • Insurance Services Associate
  • Risk & Compliance Associate
  • Investment Advisory Executive
  • Banking Officer in Retail / Operati

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Saumya Gairola

Contributor-Level 10

Answered 4 days ago

Unlike a the regular BCom programme, BCom in Banking & Finance programme at GCEC Global Foundation focuses closely on banking operations, financial markets & investments and develops credit analysis & risk management skills.

S

Saumya Gairola

Contributor-Level 10

Answered 4 days ago

Yes, students get support and exemptions by the institute to prepare for ACCA professional exams while completing their undergraduate BCom International Business/Finance (ACCA UK) degree at GCEC Global Foundation.


S

Saumya Gairola

Contributor-Level 10

Answered 4 days ago

BCom International Business/Finance is an honours programme with focus on international finance, corporate accounting, global financial markets, and professional ACCA (UK) certification. Association of Chartered Certified Accountants is a professional accounting qualification recognised globally.

S

Saumya Gairola

Contributor-Level 10

Answered 4 days ago

After completing BCom in Banking & Finance from GCEC Global Foundation, graduates can apply for the following entry level job roles:

  • Junior Credit Analyst
  • Financial Services Executive
  • Insurance Services Associate
  • Risk & Compliance Associate
  • Investment Advisory Executive
  • Banking Officer in Retail / Operati

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S

Saumya Gairola

Contributor-Level 10

Answered 5 days ago

The top universities in Europe for master's in finance are - 

  • London School of Economics (LSE), UK
  • HEC Paris (France)
  • Bocconi University (Italy)
  • Erasmus University Rotterdam (Netherlands)
  • University of St. Gallen (Switzerland)

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Priya Garg

Contributor-Level 10

Answered a week ago

There is no direct answer to this because it all depends on which career you choose.  

CFAs earn higher in global finance, investing and portfolio management. But CAs earn better in traditional accounting, auditing and taxation. 

Candidates can still see a general outline of starting and the highest s

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Jaya Shukla

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Answered 2 weeks ago

The PGDM in Finance at SASMIRA Business School Mumbai is an AICTE-approved two year full-time programme designed for practical industry exposure offering 88% placement rate with the highest package up to INR 12 LPA.

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Rakshit Prabhakar

Contributor-Level 10

Answered 2 weeks ago

The Jindal School of Banking and Finance accepts several entrance exams to take admission to BCom programme. It is not compulsory to appear in only the SAT exam; students can also appear in exams such as UGAT, ACT, CUET, and JSAT. Valid marks in any of these exams will work for admission to the cour

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Anjali Sharma

Contributor-Level 10

Answered 2 weeks ago

Yes, admission to the Jindal School of Banking and Finance required valid marks in accepted entrance exam. The institute accepts some national-level and one college-level exam. Check the accepted exams and required scores in the table below:

Accepted Exams Required scores (≥)
JSAT50 percent
SAT1100 score
UGAT60 percentile
ACT27 points
CUET60 percentile

A

Anjali Sharma

Contributor-Level 10

Answered 2 weeks ago

Those who are willing to get admission to the Jindal School of Banking and Finance BCom programme are required to fill out the online application form. Students must fulfil the eligibility criteria of the course. Students who have passed Class 12 with 50% marks can apply.

A

Anjali Sharma

Contributor-Level 10

Answered 2 weeks ago

During the form filling of the Jindal School of Banking and Finance BCom programme, students need to attach some documents. The documents that are required to keep handy while form-filling are mentioned below:

  • Mark sheets of Class 10 and 12

  • Passport-sized photographs

  • Scorecard of entrance exam

A

Anjali Sharma

Contributor-Level 10

Answered 2 weeks ago

Both Jindal School of Banking and Finance and Christ University are considered good options for pursuing BCom programme. The JSBF has 4.6 ratings on Shiksha and CU has 4.2 ratings. But if we compare the fees of both the institutions, CU is more affordable. See the fees comparison below:

College/UniversityBCom Fees

Jindal School of Banking and Finance

INR 20 lakhs 

Christ University

INR 6.36 Lakhs

A

Anjali Sharma

Contributor-Level 10

Answered 2 weeks ago

The BCom at Jindal School of Banking and Finance is a residential course offered in a full-time mode. The course is offered for four years and divided into eight semesters. Pursuing BCom from JSBF is considered a good choice because of the below-given features:

  • Industry-relevant Curriculum
  • Skill-based

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A

Anjali Sharma

Contributor-Level 10

Answered 2 weeks ago

After completing BCom from Jindal School of Banking and Finance, students can go for various career options. Students can choose the following given career paths after graduating from JSBF:

  • Financial Analyst
  • Investment Analyst
  • Equity Research
  • Wealth Advisors
  • Account Analyst
  • Consultants
  • Forensic Accountant

A

Anjali Sharma

Contributor-Level 10

Answered 2 weeks ago

Yes, the Jindal School of Banking and Finance is a part of OP Jindal Global University (JGU), which is approved by the UGC and accredited by NAAC. So the curriculum of BCom at JSBF is also approved by the University Grants Commission (UGC). 

A

Anjali Sharma

Contributor-Level 10

Answered 2 weeks ago

No, if you have any gap after Class 12, it will not affect admission to Jindal School of Banking and Finance BCom. The institute has not said anything about having a gap in academics. Students just have 50% marks in Class 12 and a valid score in the accepted entrance test. 

A

Anjali Sharma

Contributor-Level 10

Answered 2 weeks ago

Yes, if you have 60% marks in Class 12, you can get admission to the Jindal School of Banking and Finance BCom programme. But having 60% in Class 12 is not enough to get admission; you have to clear the accepted entrance exam and get valid marks as per the cutoff. The basic eligibility of the course

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Anjali Sharma

Contributor-Level 10

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