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

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
- 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 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
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.
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 |
---|---|
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 |
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 |
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 |
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
720 Colleges
- Sales & Marketing
485 Colleges
- Human Resources
463 Colleges
- Operations
252 Colleges
- IT & Systems
231 Colleges
- International Business
211 Colleges
- Financial Planning & Analysis
182 Colleges
- Business Analytics
164 Colleges
- Supply Chain
145 Colleges
- Entrepreneurship
138 Colleges
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:
Popular Private Banking, Finance & Insurance Colleges in India
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 Course FAQs
Candidates can refer to this section for Banking, Finance, and Insurance course FAQs.
Most Popular Courses
Popular Courses
- Bachelor of Commerce (B.Com.)AIMS IBS
- Master of Business Administration (MBA)AIMS IBS
- MBA in Dual SpecializationGalgotias University
- BBA in Banking, Financial Services and InsuranceGalgotias University
- B.Com. (Hons.) in International Accounting and FinanceGalgotias University
- MBA in Financial ManagementGalgotias University
- B.Com. (Honours / Honours with Research) with Certified program in Capital MarketsJain Deemed-to-be University, Bangalore
- B.Com. (Honours / Honours with Research) Professional with Certified Program in Banking and FinanceJain Deemed-to-be University, Bangalore
- B.Com.(Hons./ Hons. with Research) in Investment Banking Integrated with Certified Management Accountant (US) and Chartered Financial Analyst (US) Investment FoundationJain Deemed-to-be University, Bangalore
- B.Com. (Hons./ Hons. with Research) in International Finance and Accounting Integrated with Association of Chartered Certified Accountants, ACCA - UKJain Deemed-to-be University, Bangalore
Popular Banking, Finance & Insurance UG Courses
UG Courses
- B.Com
667 Colleges
- BBA
243 Colleges
- UG Diploma
155 Colleges
- B.Voc
76 Colleges
- B.Sc.
19 Colleges
Popular Banking, Finance & Insurance PG Courses
PG Courses
- MBA/PGDM
623 Colleges
- M.Com
208 Colleges
- PG Diploma
160 Colleges
- Executive MBA/PGDM
37 Colleges
- M.Sc.
24 Colleges
News & Updates
Student Forum
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
p
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
p
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.
R
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
A
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
n
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
P
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
A
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
V
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
V
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
V
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
V
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
V
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,
V
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
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
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
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
S
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
S
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
V
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
V
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
J
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
S
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
V
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
V
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
V
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
V
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
V
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
V
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
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
- 65k Colleges
- 1k Exams
- 687k Reviews
- 1800k Answers
Top Colleges for BSc in Mathematics, Economics, Data Science, Actuarial Science, Statistics.