BCom Banking and Insurance: Subjects, Course Details, Syllabus, Salary, Colleges, Admission Process

Bachelor of Commerce in Banking and Insurance is a 3-year undergraduate program focusing on the domains of Banking and Insurance. The major focus of this program is not only to provide candidates with knowledge of banking and insurance but also to provide a deep understanding of financial accounting, risk management in banking, insurance law, and practice etc.

One needs to complete 10+2 with an aggregate of 50% marks, preferably with a background in commerce, including mathematics, to pursue B.Com Banking & Insurance. Admissions are done on a merit basis, while some universities conduct exams like CUET and IPU CET.

The course fees can vary depending on the institute. Colleges like Jai Hind College, Hinduja College of Commerce may offer the course for INR 50,000 – 65,000. On the other hand, private Universities like MS College of Arts, Science, and BMS offer the same course at a price somewhere between INR 70,000 – 1,00,000.

In terms of Job aspects, a specialization in Banking and Insurance is sure to give your career a boost. You can pursue BCom Banking and Insurance jobs like Bank clerk, Bankruptcy Specialist, Senior Bank Official, Assistant Underwriter, Banking Associate, etc. The average salary for freshers can be between INR 3,50,000 – 9,00,000.

BCom Banking and Insurance Highlights

Here are some of the basic B.Com Banking and Insurance course details:

What is BCom Banking and Insurance?

B.Com Banking and Insurance is a three-year specialized undergraduate degree. The course includes the fundamentals of the banking process, insurance, the financial market, risk management, the regulatory framework, and legislation.

• It aims to equip the students with the knowledge to practice in financial institutions, insurance companies, and regulatory institutions where people are taught both practical and theoretical aspects.
• The school brings in a curriculum with sections such as accounting, business laws, investment analysis, financial planning, and provides the students with the knowledge needed to know how to deal with financial risks, underwriting, claims, and compliance.

Why Choose BCom Banking and Insurance?

The BCom Banking and Insurance is a specialised route into two of the most important sectors, the banking sector and the insurance sector, which are important sectors of the financial economy.

• The course also inculcates specialized knowledge like risk analysis, analysis of financial statements, and customer relationship management that are in high demand in the job market.
• It creates entry to many other promising career options in banking institutions, insurance firms, investments, and regulatory bodies.
• This course is very applicable to those interested in the finance field and with a niche interest in the banking and insurance sector; the candidates will gain an advantage over others in the competitive job market.

Who Should Pursue BCom Banking and Insurance?

The BCom in Banking and Insurance draws in those who seek the opportunity to work in the vibrant financial fields where positive growth can be observed.

• The students most likely interested in following this course are the ones interested in the field of finance, risk management, and how the banking and insurance business runs.
• The Bachelor of Commerce in Banking and Insurance is the best choice for people who are analytical, attentive, and have excellent communication skills.
• Individuals considering this program include people who want specialized knowledge in a particular area of financial services after they have attained a broad, general position in commerce.
• It also helps the student who wishes to get a professional certification, such as CFA, CFP, or insurance certifications, on the side of their degree.

BCom Banking and Insurance Eligibility

The academic requirements for admission into the BCom in Banking and Insurance course are mentioned below:

• The candidate must have completed high school examination (10+2) with an aggregate of 50%-55% marks through a recognized board.
• Preferably, the candidate should be of the commerce stream with Mathematics and Economics as their core subject.

BCom Banking and Insurance Entrance Exams

Here is the list of some of the entrance examinations that the students can appear for admission to the BCom in Banking and Insurance course:

BCom Banking and Insurance Colleges in India

Listed below are some of the best B.Com Banking and Insurance colleges. For more information, students can refer to the college’s official website.

BCom Banking and Insurance Admission Process

The admission process for the BCom Banking and Insurance program may vary depending on the college. However, listed below is the admission process for the Jai Hind College, Mumbai.

Step 1: Go to the official site of the college of Jai Hind or the admission portal of the Mumbai University.

Step 2: Register and complete an online application form with personal and academic information.

Step 3: Upload the scanned copies of the documents required.

Step 4: Pay the application fee in accordance with the required instructions online.

Step 5: The college will release the merit list of the selected candidates depending on the score obtained in Class 12.

Step 6: During the admission process, the selected candidates will be required to be physically present for the document verification process.

Step 7: Once the document verification process is done, pay the course fee to confirm the admission.

BCom Banking and Insurance Syllabus

The BCom Banking and Insurance Syllabus may vary for institutions. To give students a general idea of what they’ll be learning, we have provided a list of subjects semester-wise wise taken from the Hinduja College of Commerce.

BCom Banking and Insurance Job Opportunities in India

A Bachelor of Commerce in Banking and Insurance opens a wide range of job opportunities. Listed below are some of the job profiles that the candidates can pursue. The Information is taken from credible sources like Naukri, Indeed, Payscale, etc.

BCom Banking and Insurance Vs BCom Finance Course Comparison

If you’re uncertain about whether to pursue BCom in Banking and Insurance or BCom Finance, this course comparison will give you a brief idea about both the courses to help you understand better your options:

BCom Banking and Insurance FAQs