What is Banking, Finance & Insurance?: Course Fees 2025, Subjects, Top Colleges, Admissions

Updated on Dec 31, 2024 05:03 IST
Vidhi Jain

Vidhi JainContent Writer

Insurance is a very important way to secure one's future. By 1870, British Insurance Act was brought in India. The Insurance industry is facing a huge boom in India due to easier access to monetary help with just monthly installments. 

What is Insurance?

In case of emergencies, be it financial or medical, the Insurance provides monetary help to the insured. For example, if you face any accident or emergency and are in need of a huge amount of money but do not have it in the moment, availing the insurance will make sure you get the money as soon as possible.

Types of Insurance

The types of Insurance are:

  • Health Insurance
  • Life Insurance
  • Auto Insurance
  • Liability Insurance
  • Disability Insurance
  • Travel Insurance
  • Business Insurance
  • Long-Term Care Insurance
  • Credit Insurance

How does Insurance Work?

When one buys an insurance  policy, they need to make payments at regular intervals (monthly/yearly). Now, Insurance premium is part of the cost of insurance that the policyholder has to pay for availing the benefits of the policy.

How to File Claim?

Candidates can check the steps below:

  • Getting medical services
  • Claim is Initiated
  • Review of the Claim
  • Explanation of Benefits (EOB)
  • Payment to Provider
  • Patient's Payment
  • Final Resolution

 

Q:   What is the BFSI course?
Q:   What is the scope of BFSI course?
Q:   Why do we need Insurance?
Table of content
  • 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
View More

What is Banking, Finance and Insurance Course?

A Banking, Finance and Insurance focuses on the principles and practices of the financial industry like banking, investing, insurance and even risk management. These courses provide a candidate a foundation in financial principles as well as practices.

Types of Banking

Candidates can find the types of banking below:

  • Retail Banking
  • Commercial Banking
  • Investment Banking
  • Central Banking
  • Private Banking
  • Online and Mobile Banking
  • International Banking
  • Islamic Banking

Current Banking Trends

Candidates can see some of the banking trends:

  • Digital Transformation and Open Banking
  • Embedded Finance
  • Cybersecurity and Regulatory Compliance
  • Sustainability and Environmental, Social, and Governance (ESG) Banking

Why pursue a Banking, Finance and Insurance course?

  • With the help of Banking, Finance and Insurance, candidates can learn financial knowledge and skills.
  • They develop a good grasp on operations, investing principles, insurance procedures and even risk management.
  • These courses make you prepared for beginner job profiles.

Who can pursue Banking, Finance and Insurance?

Candidates who -

  • have passed high school
  • have UG degree in Finance or related subject
  • want to upgrade in career
Q:   What are the benefits of pursuing BFSI course?
Q:   What are the best courses for Banking and Finance in India?

Banking, Finance & Insurance Eligibility Criteria

Students should keep in mind that the eligibility criteria may differ from institute to institute. One must check the official website of the college/university which 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. 

Note- The information is taken from external sites and may vary.

 

Q:   What are the eligibility criteria for BFSI apprenticeship?
Q:   Can I pursue BFSI course without Mathematics?

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

CSEET 2024 Schedule

CUET 

May'25

CUET 2024 Schedule

CFA 

Level I:

  • November 13-19, 2024

Level II:

  • November 20-24, 2024

Level III:

  • February'25

CFA 2024 Schedule 

Christ University Entrance Test (CUET)

Feb '25

Christ University Entrance Test (CUET) 2024 Schedule

NMIMS NPAT 

Jan'25

NMIMS NPAT 2024 Schedule

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

CUET

ICAI Exam

BHU PET

ICSI Exam

DU JAT

CFA Exam

The most popular Government recruitment exams in the Banking sector include the following:

Bank Exams

IBPS PO

SBI PO

IBPS Clerk

SBI Clerk

Important Exam Dates

DatesUpcoming Exam Dates
Jan ' 26

SPSAT 2026 application form date

TENTATIVE
Sep ' 26

SPSAT 2026 exam date

TENTATIVE
To Be Notified

AMU Entrance Exam 2026 Online Registrations for BA LLB

TENTATIVE
To Be Notified

AMU Entrance Exam 2026 Online Registrations for BA LLB (with late fee)

TENTATIVE
To Be Notified

AMU Entrance Exam 2026 Online Registrations for LLM

TENTATIVE
To Be Notified

AMU BA LLB Answer Key 2026

TENTATIVE
To Be Notified

AMU Entrance Exam 2026 Exam Date - BA LLB

TENTATIVE
DatesPast 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

29 Apr ' 25 - 29 Oct ' 25

CFA 2026 Registration (Feb Level 1&3)

12 Aug ' 25 - 12 Feb ' 26

CFA 2026 Registrations (Level 1&2 May)

To Be Notified:

AMU Entrance Exam 2026 Online Registrations for B...

TENTATIVE

To Be Notified:

AMU Entrance Exam 2026 Online Registrations for B...

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

BCom

MBA in Finance

MCom

CFA

BBA in Finance

CFP

BBA in Banking & Insurance

CA

MBA in Banking & Insurance

CS

Popular Specializations

Q:   What are the main subjects in CFA?
Q:   What subjects are there in CFA Level 1?

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

Banaras Hindu University

10.2 K- 1 lakh

BSE Institute Limited

3.5- 6.9 lakh

Jawaharlal Nehru Technological University

54 K

IGNOU

8.1 K - 62 K

IIM Lucknow

1.3- 12.6 lakh

IIRM Hyderabad

1-9.5 lakh

NIT Calicut

4 lakh

Ramaiah Institute of Management

1.6- 9.3 lakh

Ramanujan College, DU

5 K - 82.5 K

Shaheed Sukhdev College of Business Studies, DU

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: 

List of All Finance Colleges in India

6.75 L
6.8 LPA
75 K - 4.28 L
3.8
Ranked #3 Private University in India. Placement with Fortune 500 Companies
3 L - 9 L
5.15 - 7.78 LPA
1 Course
16 L
8 LPA
6 Courses
2 L - 10 L
7.25 LPA
BEST EDUCATION Brand by EconomicsTimes. LPUNEST-India's Largest Entrance Scholarship Test
1.5 L
5.0
Q:   What are the best colleges for Banking and Finance colleges in India with good placements?
Q:   What are the best institutes in India for post graduate Diploma in Banking and Finance?

Popular Private Banking, Finance & Insurance Colleges in India

2 Courses
90 K - 8.45 L
4.1
2.85 L
6 LPA
1 Course
2.6 L
3.4
4.2
4.4
6 Courses
2 L - 10 L
7.25 LPA
BEST EDUCATION Brand by EconomicsTimes. LPUNEST-India's Largest Entrance Scholarship Test
6.8 L

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

Q:   Which is the highest paying job in BFSI?
Q:   Which are the top recruiting sectors for BFSI in India and abroad?

BFSI Course FAQs

Candidates can refer to this section for Banking, Finance, and Insurance course FAQs.

Q:   What are the skills required for BFSI career in India?
Q:   What is the career scope of BFSI in India?

Popular Banking, Finance & Insurance UG Courses

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

UG Courses

Popular Banking, Finance & Insurance PG Courses

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

PG Courses

qna

Student Forum

chatAnything you would want to ask experts?
Write here...

Answered 5 days ago

Check below institutes -

  1. Mumbai University
  2. SIES College of Arts, Science and Commerce, Mumbai
  3. Yashwantrao Chavan Maharashtra Open University, Nashik
  4. Amity University, Noida
  5. Bishop Heber College, Trichy

59588369
NITIN DESHMUKH

Scholar-Level 17

Answered 5 days ago

The CFP (Certified Financial Planner) certification requires passing one comprehensive exam, which consists of 170 multiple-choice questions divided into two 3-hour sessions with a 40-minute break in between. If you're exploring finance certifications, you might also look into practical courses like

...Read more

p

prathap

Contributor-Level 6

Answered a week ago

Pursuing an MBA specifically in Investment Banking from Indian colleges can be valuable but often depends on the college's reputation, curriculum, and placement support. However, for focused skill-building and faster job readiness, an investment in specialised courses like the IIM SKILLS Certified I

...Read more

p

prathap

Contributor-Level 6

Answered 2 weeks ago

You do not need to give any particular exam to qualify as an investment banker, but more so need practical experience in the field.

You should possibly try a short term approach first. Like finding a good online course which doesn't go beyond5-6 months has live classes, proper mentorship, curriculum.

...Read more

R

Rohan

Contributor-Level 6

Answered 2 weeks ago

SBI and Tally are integral to the placement success for MBA students specializing in Banking and Financial Engineering from Chandigarh University. SBI provides practical exposure to banking operations, financial modeling, and risk analysis, allowing students to gain real-world experience and underst

...Read more

A

ABHINAV SRIVASTAVA

Contributor-Level 10

Answered 3 weeks ago

MBA graduates in Banking and Finance from Chandigarh University enjoy strong placement opportunities. The university prepares students with a mix of academic knowledge, practical projects, and industry exposure. Workshops, live projects, and mentorship programs help students gain confidence and unde

...Read more

n

nidhi singh

Beginner-Level 4

Answered 4 weeks ago

Yes, definitely! you can do the below mentioned Certifications along with MBA Finance:

  • CFA (Chartered Financial Analyst)
  • FRM (Financial Risk Manager)
  • CPA or CMA (for accounting and financial planning)
  • Investment banking courses

These certifications can significantly boost your resume and give you an edg

...Read more

P

Pallavi Rai

Contributor-Level 7

Answered 4 weeks ago

Not necessarily! Most top MBA colleges accept fresh graduates, especially in India even IIM's also accept fresh graduates. However, 1to 3 years of work experience can help you understand real-world finance better and improve your chances for top-tier colleges or higher packages. Work experience als

...Read more

A

Abhishek Arora

Contributor-Level 7

Answered a month ago

The college banking syllabus can surely provide a strong foundational base for students planning to appear for IBPS and SBI exams but a dedicated bank exam prep is extremely important because the college curriculum does not always cover banking awareness and computer aptitude in depth as is required

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

Colleges usually offer semester wise banking syllabi for various UG and PG courses like BCom, BBA and MBA in Banking, Finance and Insurance. The syllabus is spread across multiple 6-month-long semesters where you get to study concepts like financial accounting, investment banking, banking operations

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

The Banking syllabus for Diploma courses differs based on the course type, whether it is after 10th, after 12th, or a PG Diploma and the college offering the program. Generally, there are core subjects, electives, and a project component in the final semester. You can find the list of some basic cor

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

Business Mathematics is not a compulsory subject in the Banking syllabus. While several colleges have it as part of the coursework for a BCom in BFSI or an MBA in Banking and Finance, it is not a prerequisite for any banking exam or job in the future. All you need is solid quantitative aptitude with

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

Yes. You will find case studies and industrial project work as integral components in the BCom in Banking syllabus across all top colleges to provide the students with enough practical exposure to banking operations and financial market scenarios. Live projects, case studies, and projects give you a

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

Well, yes. A majority of the coursework for banking and finance-related courses includes modules on stock markets, investment strategies, and risk management as part of the larger financial framework. All of this knowledge is important for you to make sense of the workings of financial institutions,

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

Yes, the 2024 placement report for National Insurance Academy has been released. Check out the table below to know more:

Particulars

Placement Statistics (2024)

Placement Rate

100%

Students Placed

130

the highest Package

INR 22 LPA

Average Package

INR 12.30 LPA

PPO's Offered

57

Companies Visited

29

d

diksha soni

Contributor-Level 10

Answered a month ago

National Insurance Academy has an impressive placement report. The table below provides the placement statistics recorded during National Insurance Academy placements 2024:

Particulars

Placement Statistics (2024)

Placement Rate

100%

Students Placed

130

the highest Package

INR 22 LPA

Average Package

INR 12.30 LPA

PPO's Offered

57

Companies Visited

29

d

diksha soni

Contributor-Level 10

Answered a month ago

Yes, National Insurance Academy has good placements for BTech, BSc, MTech. The placement statistics for recent years are given in the table below:

Particulars

Placement Statistics (2021)

Placement Statistics (2022)

Placement Statistics (2024)

Placement Rate

100%

100%

Students Placed

92

98

130

the highest Package

INR 29.5 LPA

INR 18 LPA

INR 22 LPA

Average Package

INR 10.3 LPA

INR 13 LPA

INR 12.30 LPA

PPO’s Offered

28

40

57

Companies Visited

35

17

29

d

diksha soni

Contributor-Level 10

Answered a month ago

Yes, graduating with an MBA degree from Centurion University Bhubaneswar makes students eligible for various jobs in the Finance domain. This is because, during the programme, students learn variousconcepts, such as Financial Accounting, Time Value and Money, Cost Acocunting, and more that help stud

...Read more

S

Shailja Rawat

Contributor-Level 10

Answered a month ago

Yes, Graphic Era Hill University Bhimtal BCom students are eligible for Finance domain jobs. Students enrolled in the programme learn about various concepts of Accountancy and Finance. Students who wish to land a job can check below to learn some job positions that BCom graduates can pursue:

  • Accounta

...Read more

S

Shailja Rawat

Contributor-Level 10

Answered a month ago

You can find some basic tips for clearing the Actuarial Science admission tests smoothly given here –

  • Have a look at the entire exam syllabus in detail and note down all the important topics to be covered in a separate notepad/notebook.
  • Make a weekly timetable where you assign at least 2-3 topics to b

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

The time required to prepare for the entrance exams for admission to Actuarial Science courses varies on the basis of the course level and specific exam you're planning to sit for. Generally, it is better to start your preparation at least 6 to 8 months before the final exam is tentatively scheduled

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

To get admitted to INSEAD Singapore's MIM program, international students must follow the admissions procedures listed below:
Step 1: Select a specialty: The MIM programme offers a variety of specializations for international students. One of the most popular programs is finance.
Step 2: Complete the

...Read more

J

Jasleen Shukla

Contributor-Level 8

Answered a month ago

The MSc International Banking and Finance degree is taught within Middlesex University's Business School where university deliver high-quality teaching and research, and provide a supportive learning environment, helping students to achieve excellent academic resultsWith immense power to affect orga

...Read more

S

Shreya Basu

Contributor-Level 10

Answered a month ago

The average Wealth Management salary in India for freshers is somewhere around INR 4 LPA to INR 7 LPA which may differ on the basis of academic qualification, practical experience, skills, job role, recruiter and the work location. As you earn some years of experience, you can easily find your way t

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

After completing Wealth Management courses, you can look forward to exciting jobs and salary packages in the finance industry because of the evolving financial landscape and accumulation of wealth, which requires professionals to manage the same and increase profits in the best way possible.

Some top

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

The average course fees for a Wealth Management course at top colleges is somewhere around INR 50,000 to INR 15 lakh, which differs on the basis of the course level, course type, and the college where you're planning to study the course. The Wealth Management course fees combine the tuition fee, col

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

No doubt college rankings play a very important role when choosing the best college for pursuing Wealth Management but they are not and should not be the only deciding factor. A good college ranking is synonymous with quality education, infrastructure and placements, but other parameters like indust

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

Practical training and internships are an important part of the Wealth Management syllabus to give you an idea about the real world landscape in the financial market, give you an idea about industrial workings and make you future ready. This approach of combining theoretical learning and practicalit

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

The Wealth Management course syllabus differs on the basis of the course level, type and the college offering the course. But some core concepts taught in the classroom are quite similar. You can find some core Wealth Management subjects covered in class lectures given here:

  • Introduction to Wealth Ma

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

You can find the list of some important technical and soft skills that you will learn after studying Wealth Management here:

Technical Skills

Non-Technical Skills

Financial Analysis

Client Relationship Management

Investment Management

Problem-Solving

Retirement and Estate Planning

Analytical Aptitude

Risk Management and Insurance

Excellent Communication

Tax Planning

Business Management

Portfolio Construction

Ethical Awareness

V

Vidhi Jain

Contributor-Level 10

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