Banking, Finance & Insurance: Admission 2025, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope

Akansha BishtContent Writer
Insurance is a way to secure your future financially in case of any financial, accidental or medical emergencies. The aim is to recover as much amount as possible in case you have an emergency and you have to pay out of your pocket. This ensures that your savings and investments remain safe for future purposes.
The concept of insurance dates back to ancient times. Modern insurance began around the 17th century in Great Britain. Lloyd’s of London was the international insurance market for Europe. By 1870, British Insurance Act was enacted in India.
The insurance industry in India is seeing massive growth currently, particularly, in the life insurance sector. This branch of insurance is expected to grow at 5.3% CAGR from 2019 to 2023. Other branches including the general and health insurance market for private companies rose to 48.03% in the fiscal year, 2020 from 47.97% in the financial year, 2019.
What is Insurance?
Insurance protects against financial loss in case something unfavourable happens to you. This can be related to medical emergencies, vehicle theft, property damage and even death. It is a written contract between the insurance company and the policyholder. Through this legal contract, the policyholder gets privileges in case of such an emergency.
As per this agreement, the insurer agrees to cover any financial loss for the policyholder. The insurer provides funds based on the loss or risk that is accidental or above the control of the insured. While buying an insurance policy, you must be aware of certain things. These include insurance types, insurance coverage, terms and conditions, premium payment schedules, etc.
Types of Insurance
Based on your requirements, you can opt for multiple types of insurance:
- Health Insurance: Health insurance is available in various forms, including HMO, PPO, EPO, and POS plans, each with unique network and payment rules. These plans often cover mental health and rehabilitation services. Wellness programs may also be part of the package.
- Life Insurance: Term life insurance is cost-effective but doesn't accumulate value. In contrast, whole life insurance costs more but builds cash value. Universal life insurance combines flexible premiums with investment opportunities. It's also used for estate planning.
- Auto Insurance: Coverage for uninsured/underinsured motorists acts as a safeguard against inadequately insured drivers. Personal injury protection pays medical bills regardless of who's at fault. Factors like driving record, vehicle type, and usage influence premiums. Safe drivers may receive discounts.
- Liability Insurance: Public liability insurance handles claims of injury or damage from the public. Employers' liability insurance, often compulsory, covers workplace injuries. Insurance for directors and officers defends against claims related to governance.
- Disability Insurance: Disability insurance might have an initial waiting period. 'Own-occupation' policies cover job-specific disabilities, while 'any-occupation' policies are more general. Benefits typically reflect a portion of the insured's usual income.
- Travel Insurance: Travel insurance packages may offer round-the-clock emergency assistance. They cover interruptions, baggage issues, and delays. 'Cancel for Any Reason' options are available. Policies can be bought for single trips or yearly.
- Business Insurance: Errors and omissions insurance is for professional service errors. Product liability is essential for manufacturers and sellers. Cyber liability insurance guards against online threats. Specialized policies, like medical malpractice, cater to specific sectors.
- Long-Term Care Insurance: This insurance type can include coverage for day care for adults and Alzheimer's care. The duration of benefits varies. To protect against inflation, some policies include cost-of-living adjustments. Early purchase typically means lower premiums.
- Credit Insurance: Trade credit insurance secures suppliers from defaults in business transactions. Credit disability insurance takes over loan payments during borrower disability. Credit life insurance settles the debtor's loans posthumously. Premiums are often loan-dependent.
How does Insurance Work?
When you buy a policy, you need to make payments for premiums at regular intervals. You may think what is an insurance premium? It is part of the part cost of insurance that the policyholder has to pay for availing the benefits of the policy.
The insurance premium is determined by the probability and law of large numbers. Based on these, the cost is decided considering the risk factors. The higher the probability of an event, the higher the cost of the premium.
Many policies include deductibles. It is a type of amount that you need to pay before the insurance company pays its share. A higher deductible will lead to a lower premium amount.
For instance, for home insurance, the total damage is 10 lakh rupees. However, your deductible share is 2 lakh rupees. In such case, your insurance company will be liable to pay 8 lakh rupees.
Let us consider health insurance to illustrate how insurance works through a scenario:
- Say, John is a 30-year-old software developer who has purchased a health insurance policy. He pays a monthly premium to keep his insurance active.
- He goes for an annual check-up, which is fully covered under his health insurance plan as preventive care. He pays nothing for this visit, as it's included in his benefits.
- One day, John wakes up with severe abdominal pain and goes to the emergency room. He is diagnosed with appendicitis and needs surgery.
- John's health insurance plan has a $1,000 annual deductible. This means John must pay the first $1,000 of his medical costs for the year before his insurance covers the expenses.
- After John pays his deductible, his health insurance plan has a 20% coinsurance. This means for the remaining hospital bill, John is responsible for paying 20%, and his insurance will cover 80%.
- John's plan also has an out-of-pocket maximum of $5,000. This is the most John will have to pay in a year for covered services. Once he reaches this limit, his insurance pays 100% of his covered medical expenses for the rest of the plan year.
How to File Claim?
Considering the same scenario, let us understand the process of filing an insurance claim for John's scenario, outlined in steps:
- Receiving Medical Services: John is treated at the hospital, which collects his health insurance information.
- The Claim is Initiated: The hospital sends a detailed claim to John's insurance provider for the services rendered.
- Review of the Claim: The insurance company reviews the claim against John's policy to determine coverage.
- Explanation of Benefits (EOB): John receives an EOB from the insurer, explaining what costs were covered and what he owes.
- Payment to Provider: The insurance company pays the hospital directly for the portion of the bill they cover.
- Patient's Payment: John receives a bill for any amount not covered by insurance, which he is responsible for paying.
- Appeal if Necessary: If there's a dispute or denial, John can appeal the insurance company's decision.
- Final Resolution: After all payments and appeals, the claim is closed once John settles any outstanding charges.
Explore free insurance and claim courses
pursuing a BFSI course opens doors to career opportunities in Banking, Financial services, and Insurance. From understanding complex financial markets to managing risk and ensuring regulatory compliance, these courses equip you with the required skills and knowledge.
Insurance has numerous benefits for the policy holder. Some of the major benefits of insurance include the following:
- Financial Security During Medical Emergencies: Although an individual may have enough savings, medical treatments for his/her family may go beyond the available financial assets. Medical bills for surgeries, heart attacks, and cancer are extremely expensive and can put a major dent in the bank statements. Insurance helps in covering such losses and prepares the insured financially for the future.
- Secures Businesses: Business owners need coverage for liability claims and property damage. Otherwise, their companies may not be able to function after covering for a loss. This applies to all businesses - small, medium and large. In general, small business owners have greater risks when they do not have an insurance plan. Any damage to his/her company without it must be paid for, from his/her expenses.
- Income Tax Benefits: Purchasing insurance can reduce the income tax payable. Section 80C of the Income Tax Act maintains that
- Section 80C: The premium amount one pays for life insurance gets a deduction of up to INR 1.5 Lacs from the taxable income.
- Section 80D: The premium paid for health insurance policies is tax-deductible under Section 80D of the Income Tax Act 1961.
- Section 10 (10D): Life insurance benefits that the policyholder or the nominee receives are tax-exempted under this section.
You can claim the tax benefits while filing the ITR.
Learn about types of tax assessment in Income Tax
- What is Banking, Finance and Insurance Course?
- Banking, Finance & Insurance Eligibility Criteria
- Banking, Finance & Insurance Entrance Exams 2024
- Banking, Finance & Insurance Subjects and Syllabus
- Best Colleges in India for Banking, Finance & Insurance
- Popular Private Banking, Finance & Insurance Colleges in India
- Banking, Finance & Insurance Career Scope: Job Profiles, Salary & Top Recruiters
- BFSI Course FAQs
- Most Popular Courses
- Popular Banking, Finance & Insurance UG Courses
- Popular Banking, Finance & Insurance PG Courses
What is Banking, Finance and Insurance Course?
A Banking, Finance, and Insurance course would typically focus on the principles and practices of the financial industry, such as banking, investing, insurance, and risk management. These classes are intended to give students a firm foundation in financial principles and practices. Students study various financial markets, such as stock markets, bond markets, commodity markets, and currency markets. They investigate how these markets function, particularly the trading and price systems.
The origins of banking can be found back in ancient times when lenders began offering basic financial services. Since then, banking has evolved into today's complex and multifaceted systems. Institutions within banking are known as banks. Banks manage the flow of money in the economy, offering credit that fuels business growth and consumer spending. They offer a variety of services, from simple savings accounts to lending options.
Besides accepting deposits and providing loans, allowing people to borrow money; banks also facilitate the movement of money within the economy. This ensures liquidity and stability within the system. The role of banks extends beyond individual financial health to the broader economy. They are key players in implementing government monetary policies, which aim to control inflation and stabilize the economy. By adjusting interest rates and controlling credit availability, banks can influence economic activity, demonstrating their pivotal role in both national and global economies.
Explore online banking courses
Types of Banking
The banking sector is diverse, catering to a wide range of needs through different types of banking. Each type plays a unique role in the financial ecosystem.
- Retail Banking: This type is consumer-oriented, focusing on the financial needs of individual customers. Retail banks offer essential services like checking and savings accounts, which are fundamental for day-to-day financial transactions and savings. They also provide personal loans and credit cards, catering to the credit needs of individuals. Retail banking offers accessible financial services. State Bank of India (SBI) is an example of a retail bank. It offers a variety of services including savings and checking accounts, personal loans, and credit cards.
- Commercial Banking: Commercial banks primarily serve businesses, ranging from small enterprises to large corporations. They handle business deposits, providing a safe place for companies to store their funds. Additionally, these banks offer loans and credit services tailored to business needs, supporting everything from operational expenses to major expansions. Commercial banking is crucial for business growth and economic development. ICICI Bank is well-known for its commercial banking services, providing business loans, credit facilities, and cash management services to businesses.
- Investment Banking: Investment banks specialise in complex financial transactions. They play a key role in mergers and acquisitions, helping companies to expand or merge with others. Investment banks also provide investment services, offering advice and strategies for both companies and wealthy individuals looking to grow their wealth through investments. Kotak Mahindra Bank is notable in this sector, offering services in mergers and acquisitions, corporate finance, and other investment banking activities.
- Central Banking: Central banks, such as the Federal Reserve in the U.S., are key to a country's financial system. They manage the national currency, control money supply, and set interest rates. Central banks also oversee and regulate the commercial banking system, ensuring stability and preventing financial crises. The Reserve Bank of India is the central bank of India, responsible for regulating the monetary and financial system of the country.
- Private Banking: Private banking offers personalized financial services to high-net-worth individuals. These services include wealth management, where private bankers help clients grow and manage their wealth, often providing tailored investment advice and solutions. HDFC Bank provides private banking services through its Private Banking division, offering wealth management and investment advisory services.
- Online and Mobile Banking: The rise of the Internet and smartphones has led to the growth of online and mobile banking. These digital platforms allow customers to conduct most banking transactions remotely, offering convenience and accessibility. Online and mobile banking represents the technological evolution in the banking sector, meeting the demands of a digitally connected world. Axis Bank is known for its robust online and mobile banking platforms, providing customers with digital services like fund transfers, bill payments, and account management.
- International Banking: International banks specialize in cross-border financial services. They handle foreign exchange transactions and provide international trade financing, essential for businesses engaged in global trade. International banking is crucial for the smooth operation of the global economy. Punjab National Bank (PNB) offers international banking services, including foreign exchange services and Non-Resident Indian (NRI) banking services.
- Islamic Banking: Islamic banks are based on the principles of Sharia law. It avoids interest-based financial products, focusing instead on ethical banking practices. Islamic banks offer products that are compliant with Islamic finance principles, catering to the financial needs of the Muslim population. An example of Islamic banking is Al Rajhi Bank. It is one of the largest Islamic banks. It operates following Islamic Sharia law, offering products and services like interest-free loans, Islamic mortgages (known as Murabaha), and Islamic leasing (Ijarah).
Know More about:
Explore retail banking certifications
Explore commercial banking courses
Current Banking Trends
The banking industry is constantly evolving, driven by technological advancements, changing customer expectations, and emerging regulatory requirements. Here are some of the key banking trends that are shaping the industry in 2023:
1. Digital Transformation and Open Banking
The digitization of banking services is accelerating, with banks investing heavily in digital platforms, mobile apps, and artificial intelligence (AI) to enhance customer experience and streamline operations. Open banking initiatives are also gaining traction, allowing customers to securely share financial data with third-party providers for more tailored financial solutions.
2. Embedded Finance
Embedded finance is integrating banking services into non-financial platforms including e-commerce websites and social media apps. This trend allows customers to seamlessly conduct financial transactions without leaving the platform they are using, creating a more convenient and integrated financial experience.
3. Hyper-Personalization and Data-Driven Insights
Banks are leveraging data analytics and AI to provide personalized financial advice, product recommendations, and risk assessments. This hyper-personalization approach aims to tailor financial services to individual customer needs and preferences, enhancing customer satisfaction and loyalty.
4. Artificial Intelligence and Machine Learning
AI and machine learning are revolutionizing various aspects of banking, including fraud detection, customer service chatbots, and automated investment management. These technologies are enabling banks to improve operational efficiency, reduce costs, and provide more sophisticated financial solutions.
5. Focus on Financial Wellness and Education
Banks are increasingly recognizing the importance of financial wellness and are incorporating financial education initiatives into their offerings. This includes providing budgeting tools, debt management guidance, and personalized financial advice to help customers make informed financial decisions.
6. Cybersecurity and Regulatory Compliance
Cybersecurity is one of the primary concerns for banks as they face increasing threats from cyberattacks. Banks are investing in robust cybersecurity measures and implementing stricter data protection protocols to safeguard customer information and comply with evolving regulatory requirements.
7. Sustainability and Environmental, Social, and Governance (ESG) Banking
There is a growing demand for sustainable banking practices and ESG-focused investments. Banks are responding by developing sustainable products and services, incorporating ESG considerations into their lending decisions, and promoting responsible investment practices.
Know More about:
Find the top bank courses for jobs for a lucrative banking career. Expand your knowledge with detailed online banking courses.
Explore investing courses
Explore finance courses
Why pursue a Banking, Finance and Insurance course?
Courses in Banking, Finance, and Insurance provide expert financial knowledge and abilities. You'll develop a better grasp of the industry's operations, investing principles, insurance procedures, and risk management. Diploma programs are frequently geared to give students practical, job-ready skills. In comparison to a complete degree program, this means you can enter the workforce sooner. You'll be well-prepared for entry-level careers in finance.
Who can pursue Banking, Finance and Insurance?
Individuals with a high school diploma or similar education can pursue a diploma or degree in Banking, Finance, and Insurance to work as entry-level professionals in the area. Bachelor's degree programs in finance and related subjects are available at many institutions and schools. Undergraduate students can enrol in these programs to prepare for a career in finance. People working in other professions who want to transfer to a job in finance or banking can do so by pursuing suitable certifications, diploma programs, or further degrees.
BFSI Course Relevant Information:
Among the many advantages of a Banking, Finance, and Insurance (BFSI) course are the following:
Opportunities for careers
- Several career opportunities in Banking, Financial Services, and Insurance are possible with a BFSI degree. Graduates can grow in their careers by assuming leadership positions or going back to school for more education in relevant subjects.
- Competencies and expertise: Students enrolled in BFSI courses gain fundamental knowledge and abilities in areas like risk management, regulatory compliance, and financial market understanding. Concepts like asset management, which entails knowing how to manage various asset classes like stocks, bonds, and real estate, may also be taught to students.
- Pay Rises: Professionals in financial services with certifications may be paid more.
- Cognitive Aptitude: BFSI courses can improve a student's capacity for thought and teamwork.
Banking and finance institutes in India provide a wide range of specializations, including Finance, Sales & Marketing, Human Resources, Operations, IT & Systems, and many more. The specializations offered by the number of colleges are displayed in the table below:
Top Specialisations | No. of Colleges |
---|---|
Finance | 790 |
Sales & Marketing | 514 |
Human Resources | 483 |
Operations | 268 |
Business Analytics | 159 |
Banking, Finance & Insurance Eligibility Criteria
Candidates must note that the eligibility criteria may vary from institute to institute. Individuals must check the official website of the college/university they desire to be admitted to. Colleges like IMI, ISB, and IIMP accept CAT/GMAT/MAT/XAT scores for admission. While some institutes grant direct admission on a merit basis.
Eligibility Criteria | |
---|---|
UG course | The candidate must have passed Class 12th or equivalent in Commerce stream from a recognised education board or university. |
PG course | The candidate must be a Commerce graduate or equivalent from a recognised university. |
UG Diploma | Candidates can obtain admission to the UG diploma on a merit basis. |
BFSI Course Relevant Information:
The eligibility criteria for BFSI apprenticeship is to complete Class 10, 12, graduation or postgraduation. Have a diploma in finance, commerce, or business administration. Meet the age requirements of the apprenticeship programme or relevant authorities Have completed pre-apprenticeship training programs or courses.
Some say that basic Mathematics knowledge is required for banking courses, even if math isn't required by educational qualifications. For example, Financial Analysts need good Math skills for number crunching, and Bank Managers need Math and critical thinking skills to use data and communicate goals.
However, Mathematics is mandatory for undergraduate and postgraduate courses.
Banking, Finance & Insurance Entrance Exams 2024
To pursue a career in Banking, Finance & Insurance the candidates must either pursue Commerce at university level or professional courses like ICAI, ICSI and CFA. Given below are the top exams for Banking, Finance & Insurance courses:
Exam |
Exam Dates |
Exam Schedule |
---|---|---|
CSEET |
Jan'25 |
|
CUET |
May'25 |
|
CFA |
Level I:
Level II:
Level III:
|
|
Christ University Entrance Test (CUET) |
Feb '25 |
|
NMIMS NPAT |
Jan'25 |
Note- This information is sourced from the official website of the institute/exam.
BFSI Course Relevant Information:
List of all MBA entrance exams
Degree Course Entrance Exams |
Professional Exams |
---|---|
The most popular Government recruitment exams in the Banking sector include the following:
Bank Exams |
|
---|---|
Important Exam Dates
Dates | Upcoming Exam Dates |
---|---|
07 May ' 25 - 24 May ' 25 | URAT PG 2025 Application Process (Phase 1) ONGOING |
09 Jun ' 25 - 13 Jun ' 25 | URAT PG 2025 Course-Wise Answer Keys |
09 Jun ' 25 - 13 Jun ' 25 | URAT PG 2025 Exam Dates |
16 Jun ' 25 | URAT PG 2025 Course-Wise Revised Answer Keys (if required) |
19 Jun ' 25 - 25 Jun ' 25 | URAT PG 2025 Phase II Application |
27 Jun ' 25 | URAT PG 2025 Document Submission for Admission |
To Be Notified | URAT PG 2025 First Merit List |
Dates | Past Exam Dates |
---|---|
21 Apr ' 25 | AMU BA LLB Answer Key 2025 |
20 Apr ' 25 | AMU Entrance Exam 2025 Exam Date - BA LLB |
02 Jan ' 25 - 15 Feb ' 25 | AMU Entrance Exam 2025 Online Registrations for LLM |
14 May ' 25 - 20 May ' 25 | CFA Level 1 2025 May exam |
21 May ' 25 - 25 May ' 25 | CFA L2 May Exam 2025 |
21 Apr ' 25 | AMU BA LLB Answer Key 2025 |
20 Apr ' 25 | AMU Entrance Exam 2025 Exam Date - BA LLB |
7 May ' 25 - 24 May ' 25 | URAT PG 2025 Application Process (Phase 1) |
6 Jun ' 25 | URAT PG 2025 Admit Card & Time Table |
3 Mar ' 25 - 15 May ' 25 | LUACMAT Registration |
May '25 - Jun '25 | Download LUACMAT Admit Card TENTATIVE |
Banking, Finance & Insurance Subjects and Syllabus
The syllabus and subjects of Banking, Finance & Insurance courses vary level-wise. Given below are some of the main topics taught in these courses at graduation level.
Banking, Finance and Insurance Syllabus |
|
---|---|
Introduction to Computer Systems |
Principles and Practices of Banking & Insurance Laws Governing Banking and Insurance |
Banking Theory and Practice |
Taxation of Financial Services |
Banking System & Registration |
Information Technology in Banking & Insurance |
Foreign Exchange |
Universal Banking |
Management of Financial Services |
Financial Management |
Micro-Economics |
Corporate Laws & Laws Governing Capital Markets |
Macro-Economics |
Financial Markets |
Quantitative Methods |
Cost Accounting of Banking & Insurance |
Financial Accounting |
Marketing in Banking & Insurance |
Business Law |
Financial Services Management |
International Banking & Finance |
Financial Reporting & Analysis |
Security Analysis and Portfolio Management |
Auditing |
Central Banking |
Strategic Management |
Business Ethics & Corporate Governance |
Innovations in Banking & Insurance |
Banking, Finance & Insurance Courses
Many diploma, part-time and online certification courses are also available in Banking, Finance & Insurance sectors for working professionals who wish to learn more professional skills and latest methods being used in the industry for better career prospects. Listed below are some of the most popular UG and PG degree courses in Banking Finance & Insurance:
List of Banking, Finance and Insurance Courses | |
---|---|
BBA in Banking & Insurance |
|
MBA in Banking & Insurance |
Popular Specializations
- Finance
733 Colleges
- Sales & Marketing
500 Colleges
- Human Resources
472 Colleges
- Operations
264 Colleges
- IT & Systems
237 Colleges
- International Business
216 Colleges
- Financial Planning & Analysis
182 Colleges
- Business Analytics
168 Colleges
- Supply Chain
148 Colleges
- Entrepreneurship
138 Colleges
The major subjects of CFA include Ethical and professional Standards, Quantitative Methods, Economics, Financial Reporting and Analysis, Corporate Finance, Equity Investments, Portfolio Management, Alternative Investments, Derivative, and Fixed Income.
The CFA Level I exam covers a broad range of topics. Here are the major subject areas included in the Level I syllabus:
Ethical and Professional Standards: This section emphasizes the ethical and professional responsibilities of investment professionals, including the CFA Institute's Code of Ethics and Standards of Professional Conduct.
Quantitative Methods: This area focuses on quantitative techniques and methods used in investment analysis, including statistical concepts, probability theory, time value of money, and basic regression analysis.
Economics: The economics section covers microeconomics and macroeconomics, including supply and demand analysis, market structures, monetary and fiscal policy, and international trade.
Financial Reporting and Analysis: This section explores the principles and analysis of financial reporting, including the interpretation of financial statements, financial ratio analysis, and understanding key accounting concepts.
Corporate Finance: This area covers topics related to corporate finance, including capital budgeting, cost of capital, capital structure, dividend policy, and corporate governance.
Equity Investments: The equity investments section focuses on equity markets, equity valuation models, industry and company analysis, and equity portfolio management.
Fixed Income: This section delves into fixed income securities, bond valuation, yield measures, fixed income markets, and fixed income portfolio management.
Derivatives: This area covers derivatives instruments, including options, futures, forwards, and swaps, along with their valuation and strategies for their use.
Alternative Investments: This section introduces alternative investment types, such as real estate, private equity, hedge funds, and commodities, along with their characteristics and valuation.
Portfolio Management and Wealth Planning: This final section addresses portfolio management concepts, including portfolio theory, risk management, performance evaluation, and wealth planning strategies.
These topics provide a general overview of the major subject areas covered in the CFA Level I syllabus. Each subject area encompasses various subtopics, and the CFA Institute provides a detailed curriculum that outlines the specific learning outcomes for each level. It's essential to refer to the official CFA Institute curriculum and study materials for a comprehensive understanding of the exam content.
Best Colleges in India for Banking, Finance & Insurance
Candidates choose colleges based on their fee structure as well as the placement opportunities. There are around 145 law colleges that offer courses in Banking, Finance, and Insurance across all levels of education such as UG, PG, UG Diploma, PG Diploma, and After 10th Diploma. Some colleges also offer short-term diploma courses in Banking, Finance, and Insurance. The admissions to these courses are done purely based on entrance tests conducted by the university or based on merit. Some of the top government and private colleges are in the list below. The colleges mentioned in the table are listed alphabetically and not in any order of ranking hierarchy.
Top Government Colleges for Banking, Finance and Insurance
Few government colleges such as central and state universities, offer Banking, Finance and Insurance courses. These colleges are as follows:
College Name |
Total Course Fees in INR |
---|---|
10.2 K- 1 lakh | |
3.5- 6.9 lakh | |
54 K | |
8.1 K - 62 K | |
1.3- 12.6 lakh | |
1-9.5 lakh | |
4 lakh | |
1.6- 9.3 lakh | |
5 K - 82.5 K | |
17.2 K - 70.2 K |
Note- This information is sourced from the official website/ counselling body and may vary.
Top Private Colleges for Banking, Finance and Insurance
Many private colleges also offer Banking, Finance and Insurance courses across various course levels. Some of the colleges offering these courses are as follows:
College Name |
Total Course Fees in INR |
---|---|
AIMS IBS | 6.8 lakh |
Chandigarh University | 4.2- 5.8 lakh |
FORE School of Management | 3.7- 17 lakh |
Galgotias University | 1.5- 4.3 lakh |
Jain Deemed to be University | 5.3- 9 lakh |
LPU | 3.2- 9.6 lakh |
MIT WPU | 12 lakh |
Parul University | 1.4- 3.2 lakh |
SP Jain Institute of Management and Research | 20.4- 22.1 lakh |
Symbiosis Institute of Business Management | 22.2 lakh |
Note- This information is sourced from the official website/ counselling body and may vary.
BFSI Course Relevant Information:
Banking, Finance & Insurance Applications open till Jun 15, 2025. Apply Now
Banking, Finance & Insurance Applications open. Apply Now
Hi, The table below shows the best Banking and Finance colleges in India along with their total tuition fees:
College Name | Total Tuition Fee |
---|---|
SIMB, Pune | INR 22 lakh |
Fore School of Management | INR 3 lakh- INR 18 lakh |
Prin. L.N. Welingkar Institute of Management Development and Research, Mumbai | INR 1 lakh- INR 14 lakh |
Shaheed Sukhdev College of Business Studies, University of Delhi | INR 540 - INR 28,000 |
NIT Calicut | INR 4 LPA |
The table below shows the top colleges for Diploma in Banking and Finance in India along with their total tuition fees:
College Name | Total Tuition Fee |
---|---|
SPJIMR Mumbai | INR 20 Lakh - INR 22 lakh |
FORE School of Management | INR 18 lakh |
Welingkar Mumbai | INR 1 Lakh - INR 14 lakh |
Birla Institute of Management Technology | INR 13 Lakh - INR 14 lakh |
National Institute of Bank Management | INR 14 lakh |
Popular Private Banking, Finance & Insurance Colleges in India
Banking, Finance & Insurance Applications open. Apply Now
Banking, Finance & Insurance Applications open. Apply Now
Banking, Finance & Insurance Applications open. Apply Now
Banking, Finance & Insurance Applications open. Apply Now
Banking, Finance & Insurance Career Scope: Job Profiles, Salary & Top Recruiters
The various job profiles offered to fresh graduates and experienced candidates are given below:
Job Title | Job Description | Average Annual Salary (INR) |
---|---|---|
Bank Clerks | Bank clerks have the responsibility of completing tasks related to data entry, book keeping, and log-book maintenance. | 3 - 6 LPA |
Customer Service Representative | Assists customers with account inquiries, transactions, and resolving issues. | 2.5 - 4 LPA |
Loan Officer | Analyzes loan applications, assesses creditworthiness, and approves/denies loans. | 4 - 6 LPA |
Wealth Manager | Provides personalized financial advice and investment solutions to high-net-worth individuals. | 5 - 10 LPA |
Investment Banker | Facilitates mergers and acquisitions, raises capital for companies, and advises on financial strategies. | 7 - 15 LPA |
Risk Manager | Identifies, assesses, and mitigates financial risks faced by the bank. | 5 - 8 LPA |
Branch Manager | Oversees daily operations of a bank branch, manages staff, and achieves sales targets. | 6 - 10 LPA |
Financial Analyst | Analyzes financial data to make investment recommendations and assess financial risks. | 4 - 6 LPA |
Equity Research Analyst | Researches companies and recommends stocks to investors. | 5 - 8 LPA |
Portfolio Manager | Manages investment portfolios for individuals and institutions. | 7 - 12 LPA |
Chartered Financial Analyst (CFA) | Provides investment advice and portfolio management services. | 10 - 20 LPA |
Investment Banker | Similar to banking role, focuses on raising capital for companies. | 7 - 15 LPA |
Claims Adjuster | Investigates insurance claims and determines payouts. | 4 - 5 LPA |
Actuary | Uses mathematical and statistical methods to assess insurance risks and develop pricing strategies. | 6 - 10 LPA |
Risk Manager | Identifies and manages risks for insurance companies. | 5 - 8 LPA |
Insurance Claims Specialist | The insurance claims specialist’s job is to review insurance claims submitted by the customers and make sure proper procedure is followed to claim damages. | 5- 11 LPA |
Note- The above salary has been taken from external sources, and hence may vary.
Banking, Finance & Insurance: Top Recruiters
Top recruiters for banking, finance and insurance professional included government organisations, non-government organisations, private companies, banks, insurance agencies and finance companies.
List of Top Recruiters |
|
---|---|
HDFC |
Bain & Company |
Max Life Insurance Co. Ltd. |
McKinsey & Company |
ICICI Bank |
EY (Ernst & Young) |
Kotak Mahindra Bank |
Deloitte Consulting |
Aditya Birla Sun Life Insurance Co. Ltd. |
PricewaterhouseCoopers |
TATA AIA Life Insurance Co. Ltd. |
KPMG |
BFSI students can work in various industries including Finance, banks, MNCs, and more. The salary package depends on the skillset, relevant experience, and job position of an employee. However, the salary of a Financial Analyst is INR 6 LPA in India.
There are a lot of areas to explore for the students to opt for banking and insurance. Here are some areas where they will work in
the future after completion of their respective degrees/ courses.
1. Government Sector (Banking, Finance, and Insurance sector)
2. MNCs (Banking, Insurance, and Finance sector)
3. Freelancing (Consultant, Advisor, Strategist, Agent, Assistant, Marketing Agent, and more.
BFSI Course FAQs
Candidates can refer to this section for Banking, Finance, and Insurance course FAQs.
Banking and insurance offer a wide area to explore for the candidates. Here are the few factors and skillsets, which make a
candidate ideal for such courses.
. Candidates must have a mindset to learn and adapt to the system of different areas of Banking and Insurance.
. Candidates can handle customers.
. They should have basic knowledge of the Banking and Insurance sector.
. Candidates must have the ability to learn thoroughly understand and use in the practical application of the theory learnt.
· Candidates with good business communication skills are advantageous.
. Candidates who already learned Business Economics, Accountancy, Financial Management, Mathematics, and Statistics in
their 10+2 standard.
There are plenty of options to explore after the completion of the banking and insurance course. A student may get job offers
from different organizations in the private sector. However, there are numerous banking and insurance exams conducted
every year, such as SBI PO, IBPS PO, SBI SO, SBI Clerk, IBPS Clerk, and LIC AAO. By those exams, thousands of graduates get
placed every year in the government sector with good packages.
Most Popular Courses
Popular Courses
- Master of Business Administration (MBA)Symbiosis Institute of Business Management, Symbiosis International, Pune
- BBA in Financial MarketsLPU - Lovely Professional University
- Bachelor of Business Administration (BBA)LPU - Lovely Professional University
- Bachelor of Commerce (B.Com. Hons.)LPU - Lovely Professional University
- Bachelor of Business Administration (BBA Hons.)LPU - Lovely Professional University
- Bachelor of Business Administration (BBA) (Lateral Entry)LPU - Lovely Professional University
- Master of Business Administration (MBA)LPU - Lovely Professional University
- Integrated BBA + MBALPU - Lovely Professional University
- MBA in Financial MarketsLPU - Lovely Professional University
- PGDM in Big Data AnalyticsFORE School of Management
Popular Banking, Finance & Insurance UG Courses
UG Courses
- B.Com
656 Colleges
- BBA
243 Colleges
- UG Diploma
147 Colleges
- B.Voc
72 Colleges
- B.Sc.
20 Colleges
Popular Banking, Finance & Insurance PG Courses
PG Courses
- MBA/PGDM
624 Colleges
- M.Com
204 Colleges
- PG Diploma
156 Colleges
- Executive MBA/PGDM
37 Colleges
- M.Sc.
22 Colleges
News & Updates
Student Forum
Answered 3 hours ago
The finance specialisation at Nagaland University – Kohima Campus includes a variety of industry-relevant subjects such as International Financial Management, Financial Markets & Services, Security Analysis & Portfolio Management, and Behavioural Finance. These courses are designed to give students
H
Contributor-Level 10
Answered Yesterday
Pondicherry University generally admits students to postgraduate programs only through CUET PG. The university may offer other admission routes for some courses, including merit lists or its own entrance exams. If CUET PG is a compulsory requirement for M.Sc. in Qualitative Finance, then direct admi
A
Contributor-Level 10
Answered 2 days ago
International applicants can apply to RMIT Master of Finance course directly. But, do submit the application before the application deadline. A few of the documents required to apply are:
- Academic transcripts
- Graduation certificates
- Evidence of English language proficiency course
- Copy of passport
- English
Answered 2 days ago
The duration of RMIT Master of Finance course is 2 years or 1.5 years. This course helps students to be prepared for a rewarding career. It covers all the important elements of Finance, Financial Modelling, Trading, Econometrics, Research and Analysis of the Financial markets. Highlights of this cou
N
Contributor-Level 8
Answered 5 days ago
XISS Ranchi offers diverse range of PGDM coures via CAT, CMAT, MAT, and XAT scores. In relation to the XISS Ranchi cutoff 2024, the needed percentile for PGD in Finance course at the institute stood at 35 for the General AI category candidates.
T
Contributor-Level 7
Answered 5 days ago
The top recruiting companies that hire students from various Finance colleges in India are listed in the table below:
College Name | Top Recruiters |
---|---|
BCG, Accenture Strategy, Deloitte, etc. | |
Microsoft, Google, EY, HCL, Deloitte, Accenture, Adani Group, Airtel, BCG, Capgemini, TCS, PwC, etc. | |
Accenture, Amazon, Microsoft, Deloitte, TCS, HCL, Cognizant, etc. | |
Accenture, Google, ICRA, Deloitte, Bajaj, KPMG, etc. | |
Adani Wilmar, Bajaj Auto, Zomato, and Praxis Global Alliance, etc. |
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered 5 days ago
The average placement salary of a Finance graduate varies depending on skills, knowledge, academic background, college reputation, etc. However, the following table provides an average placement salary for students who have completed Finance courses from some of the top colleges in India:
College Name | Average Package |
---|---|
INR 22.8- 30 LPA | |
INR 30 LPA | |
INR 27 LPA | |
INR 21- 26.4 LPA | |
INR 26.04 LPA |
Disclaimer:
M
Contributor-Level 10
Answered 5 days ago
Students can calculate the ROI of studying a Finance degree at various colleges in India, by using the data provided below:
College Name | Average Fees | Average Package |
---|---|---|
INR 14.5 Lakh- 24 Lakh | INR 22.8- 30 LPA | |
INR 4.1 Lakh- 27 Lakh | INR 30 LPA | |
INR 3.5 Lakh- 20.5 Lakh | INR 27 LPA | |
INR 6.01 Lakh | INR 21- 26.4 LPA | |
INR 6.93 Lakh- 24.2 Lakh | INR 26.04 LPA |
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered 5 days ago
Yes, there are 190+ government Finance colleges in India. Students can take a look at the table below to know the course fees at these top Finance colleges in India:
College Name | Average Fees |
---|---|
INR 1.2 Lakh- 1.35 Lakh | |
INR 3.5 Lakh- 20.5 Lakh | |
INR 4.1 Lakh- 27 Lakh | |
INR 12 Lakh | |
INR 2.2 Lakh- 2.98 Lakh |
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered 5 days ago
Yes, there are 1,750+ private Finance colleges in India. Students can take a look at the table below to know the course fees at these top Finance colleges in India:
College Name | Average Fees |
---|---|
INR 6.93 Lakh- 24.2 Lakh | |
INR 85,000- 13.9 Lakh | |
INR 8.95 Lakh- 18.67 Lakh | |
INR 14.5 Lakh- 24 Lakh | |
INR 19.4 Lakh |
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered 5 days ago
Finance colleges in India admit students through various entrance exams. The table below gives some helpful details about the entrance exam dates, schedules, and syllabus.
Exam Name | Exam Date | Exam Schedule | Exam Syllabus |
---|---|---|---|
May 2026 (Tentative) | |||
May 31/June 8 | |||
June 1, 2025 | |||
March, 2026 (Tentative) | |||
April 2026 (Tentative) | |||
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered 5 days ago
Sure! Students can go through the table provided below to get an overview of the top Finance colleges in India.
Particulars | Details |
---|---|
Number of Finance Colleges in India | 2,492 colleges |
Annual Fees | Free: 1 college Less than INR 1 Lakh: 590+ colleges INR 1-2 Lakh: 630+ colleges INR 2-3 Lakh: 330+ colleges INR 3-5 Lakh: 340+ colleges More than INR 5 Lakh: 540+ colleges |
Top Finance Colleges in India | IIM Ahmedabad, IIM Bangalore, IIM Calcutta, Symbiosis Institute of Business Management, XLRI Xavier School of Management, IIM Kozhikode, IIM Lucknow, etc. |
Accepted Entrance Exams | CAT, MAT, CMAT, XAT, ATMA, ISC, MAH CET, CUET-PG, TANCET, etc. |
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered 5 days ago
There are many colleges in India where students can study Finance at various course levels. Some of the best Finance colleges in India include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, Symbiosis Institute of Business Management, XLRI Xavier School of Management, IIM Kozhikode, IIM Lucknow, etc.
M
Contributor-Level 10
Answered 5 days ago
There are around 2,490+ Finance colleges in India. Of these, 1,750+ are private, 190+ are government, and 30+ are public-private colleges. Students can be admitted to the top Finance colleges in India based on their scores in entrance exams like CAT, MAT, CMAT, XAT, ATMA, ISC, MAH CET, CUET-PG, TANC
M
Contributor-Level 10
Answered 5 days ago
SIMSREE accepts MAHCET exam for the admission to Master in Financial Management. To be eligible for the Masters in Financial Management programme at SIMSREE-Sydenham, you must have passed a bachelor's degree from a university recognised by the University Grants Commission or Association of Indian Un
N
Contributor-Level 7
Answered a week ago
Drew University offers one of the best Finance programs to students willing to build their career in organizations such as banks, financial firms, global corporations, government agencies, and non-profit. The programme helps to develop knowledge and skills through financial internships in the real w
J
Contributor-Level 8
Answered 3 weeks ago
Emversity School of Health Sciences, Hospitality and Banking, Pune PCMC fee for UG courses varies from each other. Candidates need to pay a certain amount of corurse fee at the time of admission. Mentioned below is the course-wise fee for all UG programmes:
Course Name | Total Fees |
---|---|
BVoc in Anaesthesia and Operation Theatre Technology | INR 4 lakh |
BVoc in Medical Imaging Technology | INR 4 lakh |
BVoc in Hospitality Management | INR 4 lakh |
BBA in Banking and Finance | INR 3.75 lakh |
L
Contributor-Level 7
Answered 3 weeks ago
Emversity School of Health Sciences, Hospitality and Banking, Pune PCMC offers UG level courses. Students can apply for the UG courses based on the following eligibility requirements:
Course Name | Eligibility |
---|---|
BVoc | Class 12 in any stream (PCB for some of the specialisations) with at least 45% aggregate |
BBA | Class 12 in any stream with at least 45% aggregate |
P
Contributor-Level 7
Answered 3 weeks ago
Yes, there are a few distance Forex Management college options in India:
Distance Forex Management Colleges | Tuition Fee |
---|---|
Indian School of Business Management and Administration, Bangalore | INR 5,900 |
BSE Institute Limited | INR 12,000 |
Indian School of Business Management and Administration, Hyderabad | INR 5,900 |
Note: The information is sourced from the official website/counselling body of the institute/exam.
L
Contributor-Level 7
Answered 3 weeks ago
Here are some documents you must carry during Forex Management course admission process:
- Class 10 and 12 mark sheets
- Passport-sized photographs
- A relevant bachelor's degree from a recognised university (if applicable)
- Migration Certificate
- A valid ID proof (Adhaar, Passport, PAN Card, etc.)
R
Contributor-Level 7
Answered 3 weeks ago
Yes, you can pursue the CFA after a BBM (Bachelor of Business Management). The CFA programme is generally open to anyone who has a bachelor's degree or is in their final year of a bachelor's program. A BBM provides a solid foundation in business principles, which can be beneficial for the CFA progra
R
Contributor-Level 9
Answered 3 weeks ago
Forex Management is a specialist branch of finance that is ideal for people who are interested in foreign exchange markets, currency trading, international finance, and risk management.Forex Management might be an intriguing area of expertise if you have a real interest in money, economics, and fina
N
Contributor-Level 7
Answered 3 weeks ago
Forex Management gives you specific knowledge and abilities in global financial markets, foreign exchange, and currency trading. This knowledge can be extremely valuable in the financial world. A foundation in Forex Management opens the door to a variety of financial employment prospects, including
G
Contributor-Level 7
Answered 3 weeks ago
Hi, Forex Management, also known as Foreign Exchange Management or Currency Management, is the process of planning, executing, and supervising foreign exchange activities within a company or for an individual. It entails managing many aspects of currency transactions as well as the risk associated w
S
Contributor-Level 7
Answered 3 weeks ago
Retail banks are heading towards adopting cutting-edge technologies to lead change, strengthen security, reduce operating expenses, automate pointless work, and provide individualized customer service. Here are some technology trends that will pave the way for the success of retail banks in the comi
R
Contributor-Level 7
Answered 3 weeks ago
Hi, as the country continues its rapid growth and urbanization, the scope of retail banking in India has expanded significantly.
• Career Growth: Retail banking offers many opportunities for career growth, including managerial and leadership positions.
• Job Security: Retail banking is a vital indus
S
Contributor-Level 7
Answered 3 weeks ago
Hi, with the evolving technology, the banking sector and Retail Banking are also transforming. Traditional financial institutions now operate side by side with a new crop of online financial services providers. Hence, the Retail Banking courses teach students about:
- Banking Fundamentals: The basics o
I
Contributor-Level 7
Answered 4 weeks ago
The two universities are neither superior nor inferior. Both have excellent reputations and provide a wide variety of possibilities, programs, and other things. What makes one better than the other depends on the student's priorities. Fordham University has a greater acceptance rate, making it a goo
A
Contributor-Level 10
Answered 4 weeks ago
National Insurance Academy PGDM degree holders can develop a career in the government sector. The government sector provides job security, stability, and work-life balance for employees. Some of the in-demand PGDM career opportunities in the government sector are as follows:
- Economist through the Ind
N
Contributor-Level 10
Taking an Exam? Selecting a College?
Find insights & recommendations on colleges and exams that you won't find anywhere else
On Shiksha, get access to
- 64k Colleges
- 1k Exams
- 653k Reviews
- 1550k Answers
Banking Finance Services and Insurances (BFSI) is an undergraduate-level course. The BFSI programme aims to train students in various aspects related to banking and its allied areas. The programme covers topics such as – banking, finance, insurance, investment, risk management, computer application, IT and more.