What is Banking, Finance & Insurance?: Course Fees 2025, Subjects, Top Colleges, Admissions
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.
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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.
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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).
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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.
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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.
Note: The above data is collated from various sources and may therefore vary.
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 |
|---|---|
| Jul ' 25 | LUACMAT Counselling TENTATIVE |
| Sep ' 25 | SPSAT 2025 exam date TENTATIVE |
| 18 Jul ' 25 - 19 Jul ' 25 | AMU Entrance Exam 2025: Round 2 Acceptance of admission and payment of admission fee by the candidates on firm list-2 |
| 18 Jul ' 25 - 19 Jul ' 25 | AMU Entrance Exam 2025: Round 2 Registration, Login, Document upload, Choice Filling (Whenever required) and submission |
| 20 Jul ' 25 | AMU Entrance Exam 2025: Round 2 Grace period with fine (Acceptance of admission & payment of admission fee by the candidates on Firm List-2) |
| 23 Jul ' 25 - 25 Jul ' 25 | AMU Entrance Exam 2025: Round 1 Registration, Login, Document upload, Choice Filling (Whenever required) and submission |
| 25 Jul ' 25 | AMU Entrance Exam 2025: Round 3 Firm List |
| Dates | Past Exam Dates |
|---|---|
| 12 Jul ' 25 | URAT PG 2025 Second Merit List |
| 11 Jul ' 25 - 18 Jul ' 25 | URAT PG 2025 Merit Based Application |
| 08 Jul ' 25 - 11 Jul ' 25 | URAT PG 2025 Document Verification & Fee Payment for Admission |
4 Aug ' 25 | CFA 2025 Rescheduling Deadline Level 3 August |
5 Aug ' 25 | CFA 2025 Registration Deadline (Level 1 and 2 Nov... |
18 Jul ' 25 - 19 Jul ' 25 | AMU Entrance Exam 2025: Round 2 Acceptance of ad... |
18 Jul ' 25 - 19 Jul ' 25 | AMU Entrance Exam 2025: Round 2 Registration, Log... |
12 Jul ' 25 | URAT PG 2025 Second Merit List |
11 Jul ' 25 - 18 Jul ' 25 | URAT PG 2025 Merit Based Application |
Jul '25 | LUACMAT Counselling TENTATIVE |
Jul '25 | LUACMAT Result Declaration 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
726 Colleges
- Sales & Marketing
492 Colleges
- Human Resources
465 Colleges
- Operations
258 Colleges
- IT & Systems
235 Colleges
- International Business
212 Colleges
- Financial Planning & Analysis
183 Colleges
- Business Analytics
162 Colleges
- Supply Chain
144 Colleges
- Entrepreneurship
137 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. Apply Now
Banking, Finance & Insurance Applications open. 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.
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News & Updates
Student Forum
Anything you would want to ask experts?Answered 17 hours ago
Chandigarh University offers an MBA in Banking & Financial Engineering, which is a strong option if you want to build a career in the banking and finance sector. This programme is designed in collaboration with SBI, Moody's Analytics, and Tally, giving it direct industry relevance. You don't just st
H
Beginner-Level 2
Answered Yesterday
Coventry provides one of the best Finance courses globally. It seeks to equip students with specialised financial knowledge and abilities. From derivatives, portfolio theory, and risk management to financial modeling, governance, and ethical finance, the course covers it all. Students can customize
J
Contributor-Level 8
Answered 3 days ago
Students seeking admission in their choice of course such as BSc at the Indian School of Business and Finance are required to stay updated to not miss out on any opportunities. Candidates are always recommended to stay informed with the list of admission events and schedule their day accordingly.
A
Contributor-Level 10
Answered 3 days ago
Indian School of Business and Finance BSc admission process can be seggregated into three-stages:
Initially, it is important for applicants to complete the online application form on the official website and pay a non-refundable INR 2,500 fee. Uploading the necessary documents is important.
Second, se
A
Contributor-Level 10
Answered 4 days ago
The subjects offered in the first semester of the PGDM in Finance Management course at Welingkar Mumbai are meant to create a base for the students that helps them to understand the upcoming further semesters. The names of the subjects offered in first semester are as follows:
Principles of Managemen
C
Contributor-Level 10
Answered 4 days ago
Students can guess an estimate of the cost of pursuing an MBA in Investment Banking from colleges in India, by taking a look at the table below:
Average Course Fees Range | No. of Colleges |
|---|---|
INR 2-3 Lakh | 1 college |
More than INR 5 Lakh | 6 colleges |
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered 4 days ago
Some of the top recruiting companies that hire students from the top MBA in Investment Banking colleges in India are given in the table below:
College Name | Average Placement Salary | Top Recruiters |
|---|---|---|
INR 7.25 LPA | Microsoft, Google, Infosys, L&T, Amazon, HCL, IBM, TCS, ICICI Bank, etc. | |
INR 4.15 LPA | VMware, Royal Bank of Scotland, Infosys, Sep Labs, PGI, Intex, Airtel, Genpact, etc. |
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered 4 days ago
Hello!
Many career avenues open up for students who have pursued an MBA in Investment Banking course from colleges in India. They can work in various job profiles, such as Financial Analyst, Accounting Manager, Investment Banking Associate, Chief Financial Officer, Corporate finance, Insurance Manag
M
Contributor-Level 10
Answered 4 days ago
The course fees at the MBA in Investment Banking colleges in India are given in the table below:
College Name | Average Fees |
|---|---|
INR 10 Lakh | |
INR 11.5 Lakh | |
INR 2.6 Lakh | |
INR 7 Lakh | |
INR 11 Lakh | |
INR 11 Lakh | |
INR 5.1 Lakh |
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered 4 days ago
Admission to the CUET MBA in Investment Banking colleges in India is done through various entrance exams. Here are some details about the schedule and syllabus of these exams:
Exam Name | Exam Date | Exam Schedule | Exam Syllabus |
|---|---|---|---|
January November 2025 (Tentative) | |||
January 2026 (Tentative) | |||
April 2026 (Tentative) | |||
January 2026 (Tentative) | |||
March, 2026 (Tentative) | |||
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered 4 days ago
Some of the best MBA in Investment Banking colleges in India include LPU - Lovely Professional University, Asia-Pacific Institute of Management, SAGE University, Pimpri Chinchwad University, ATLAS SkillTech University, etc.
M
Contributor-Level 10
Answered 4 days ago
Here are some details about the top MBA in Investment Banking colleges in India:
Particulars | Details |
|---|---|
Number of MBA in Investment Banking Colleges in India | 9 colleges |
Annual Fees | INR 2-3 Lakh: 1 college More than INR 5 Lakh: 6 colleges |
Top MBA in Investment Banking Colleges in India | LPU - Lovely Professional University, Asia-Pacific Institute of Management, SAGE University, Pimpri Chinchwad University, ATLAS SkillTech University, etc. |
Top MBA in Investment Banking Specialisations | |
Accepted Entrance Exams | CAT, MAT, CMAT, XAT, MAH CET, etc. |
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered 4 days ago
There are many MBA in Investment Banking colleges in India. Students can study at 9 colleges offering an MBA in Investment Banking in India. Admission to the top MBA in Investment Banking colleges in India is based on the scores of entrance exams like CAT, MAT, CMAT, XAT, MAH CET, etc.
M
Contributor-Level 10
Answered a week ago
MBA in Finance graduates from Department of Finance and Business Economics, University of Delhi work in various sectors including: 1. Banking and Financial Services 2. Investment Banking 3. Asset Management 4. Risk Management 5. Corporate Finance 6. Financial Markets 7. Insurance 8. Consulting 9.
A
Beginner-Level 1
Answered a week ago
Yes, an online MBA in Finance from colleges in India can be quite valuable. Students can evaluate the ROI on it by comparing the fees and placement salaries at the top colleges.
College Name | Average Fees | Average Package |
|---|---|---|
INR 2.75 Lakh | INR 10.5 LPA | |
INR 1.75 Lakh | INR 8 LPA | |
INR 1.03 Lakh | INR 4.8 LPA | |
INR 1.89 Lakh | INR 4.5 LPA | |
Centre for Distance and Online Education, Mizoram University MBA | INR 50,700 | INR 2.15 LPA |
Disclaimer: This information is sourced from the official website and may vary.
M
Contributor-Level 10
Answered a week ago
Some of the top online MBA in Finance colleges in India include colleges like XLRI Xavier School of Management, Management Development Institute, IIM Raipur, Jain Deemed-to-be University, Amrita Vishwa Vidyapeetham, Birla Institute of Management Technology, Prin. L. N. Welingkar Institute of Managem
M
Contributor-Level 10
Answered 2 weeks ago
To get admission into the BSc course at Jindal School of Banking and Finance, candidates are required to complete their Class 12 from a relevant stream. Additionally, the school/university releases the merit list of shortlisted candidates according to applicants' achieved scores in Class 12. Therefo
A
Contributor-Level 9
Answered 2 weeks ago
The co-op programme offered in the BSc course at Jindal School of Banking and Finance helps the students to gain hands-on industry experience through paid work opportunities integrated into their academic journey. Additionally, this co-op programme helps students to get placements after completion o
K
Contributor-Level 10
Answered 2 weeks ago
There are several career opportunities that candidates can pursue after completing a BSc in Risk Management course from Jindal School of Banking and Finance. The field is experiencing high demand, as organisations increasingly recognise the importance of proactive risk management. The names of some
I
Contributor-Level 10
Answered 2 weeks ago
Candidates can compare the Return on Investment (ROI
I
Contributor-Level 10
Answered 2 weeks ago
Firstly, to apply for BSc courses, candidates are required to fulfill the basic eligibility criteria first. Further, the mode of application for applying to the BSc course is online. Candidates can fill out the application form on the institute's official website. Once candidates get selected, they
R
Contributor-Level 10
Answered 2 weeks ago
Currently, the official website of the Jindal School of Banking and Finance is showing that candidates can apply for the course after clicking on the 'apply now' tab. Therefore, candidates can apply for the course now. Moreover, before applying for the course, candidates are required to complete the
P
Contributor-Level 10
Answered 2 weeks ago
The eligibility requirements to get admission into BSc courses at Jindal School of Banking and Finance are that candidates must complete their Class 12 from a relevant stream. Additionally, for admission, the school might release the merit of selected candidates according to candidates' scores in th
K
Contributor-Level 10
Answered 2 weeks ago
The fees of MBA/PGDM Financial Management at Ahmedabad Institute of Hospitality Management is around 4 Lakh. It is a full-time course and is for a duration of two years. Candidates must fill the eligibility criteria and apply online or offline as per their preference for the course.
S
Contributor-Level 10
Answered 2 weeks ago
For taking admission in the MBA/PGDM Financial Management course at Ahmedabad Institute of Hospitality Management, candidates have to clear their bachelor's degree in an any stream with at least 50% aggregate. For reserved category candidates, the aggregate should be a minimum of 45%. MBA/PGDM Finan
S
Contributor-Level 10
Answered 2 weeks ago
The shortlisting performed by National Insurance Academy Pune consists of CAT/CMAT score and then there are GD, PI, and WAT. Previous academic achievement and working experience are also of concern. There is a final merit list on the basis of composite scores. The students who are chosen have to go
a
Contributor-Level 9
Answered 2 weeks ago
To apply in National Insurance Academy Pune, the candidates should possess any degree of graduation with a minimum of 55 percent marks. Reserved groups must score 50 per cent in graduation. Appearing final-year students will also qualify to make an application. Selection is required to have entrance
a
Contributor-Level 9
Answered 2 weeks ago
National Insurance Academy Pune gives a full time management course of two years, which is a recognised AICTE program. Specialisations are General Insurance, Life Insurance, Reinsurance, Finance, HR and Marketing. There are also Certificate and PG Diploma programmes. Each of the courses is dedicated
a
Contributor-Level 9
Answered 2 weeks ago
No direct admission is permitted in the National Insurance Academy Pune under any category. The basis of the admission is exclusively determined by the CAT or CMAT, GD and PI. Selection of candidates is done on performance and merit. Even categories reserved have to comply with the process of entran
a
Contributor-Level 9
Answered 2 weeks ago
The minimum requirement of marks in graduation at National Insurance Academy Pune is 55%. The students belonging to the category, SC/ST/OBC-NC/DA shall be required to be 50%. Provisionally those in final year can apply. The conditional acceptance should be made after passing the percentage requireme
a
Contributor-Level 9
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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.