byGaganDeep
Updated on - 24 Aug, 2024
The MBA in Banking and Insurance is a postgraduate management degree program that spans two years of specialization in banking, financial services, and insurance. These include accounting, economics, finance, risk management, banking regulations, financial markets, insurance planning and regulations. The program for the curriculum is designed in a way to focus on the analytical skills, leadership traits and the capability to make strategic decisions that can be useful in the managerial positions in the BFSI sector.
Some of the entrance tests for admission to MBA (Banking and Insurance) are CAT, XAT, MAT, CMAT, ATMA and state level entrance tests such as MAH-CET. Several institutes also follow scores of the GMAT, GRE, or GATE tests along with GD/PI performance for the final admission process. The entrance test is usually conducted for admission into most colleges though most colleges accept candidates with a bachelor’s degree in any field with minimum 50% aggregate marks.
| Event | Details |
|---|---|
| - Full Form | Master of Business Administration in Banking & Insurance |
| - Duration | 2 years |
| - Course Level | Postgraduate |
| - Eligibility | Bachelor's degree in any discipline |
| - Top Colleges | IIMs (Indian Institute of Management), FMS (Faculty of Management Studies), XLRI (Xavier Labour Relations Institute), NMIMS (Narsee Monjee Institute of Management Studies) |
| - Entrance Exam | Entrance Exam conducted by respective colleges, CAT (Common Admission Test), GMAT (Graduate Management Admission Test), XAT (Xavier Aptitude Test), MAT (Management Aptitude Test) |
1. There shall be a graduate degree in any field with not less than fifty percent marks in the graduate examination from a recognized University.
2. Minimum 50 percentile in CAT/MAT/XAT/CMAT or any state level entrance test. Some institutes may have their own entrance test where the candidate has to appear for an entrance examination.
3. It is not necessary to have work experience but relevant work experience may be beneficial in good B-schools.
4. The application process is open to everyone and there is no restriction of age limit. But candidates in early to mid 20s are likely to be preferred most of the times, if no specific experience is required.
5. Good communication skills, analytical abilities, motivation to join banking and insurance field are positive factors.
6. Contenders must bring the group discussions and the personal interviews conducted by the institutes, after the written entrance test.
| Subject | Topics |
|---|---|
| Banking | Banking concepts, Banking operations, Retail banking, Corporate banking |
| Insurance | Insurance concepts, Insurance operations, Life insurance, General insurance |
| Financial Services | Financial services, Financial markets, Financial institutions, Financial regulations |
| Risk Management | Risk management concepts, Credit risk, Market risk, Operational risk |
| Marketing Management | Marketing concepts, Market research, Brand management, Digital marketing |
| Financial Management | Financial accounting, Financial analysis, Budgeting, Financial planning |
| Human Resource Management | HR concepts, Recruitment, Training, Performance appraisal |
| Operations Management | Operations strategy, Supply chain management, Quality management, Lean operations |
| Banking Regulations | Banking regulations, Compliance, Risk management, Financial inclusion |
| Insurance Regulations | Insurance regulations, Compliance, Risk management, Financial inclusion |
Tabulated below is the collection of the Top 10 Private Master of Business Administration [MBA] (Banking & Insurance) Colleges in India with Fee Structure, including their key features.
| Name of the institute | Location | Fees |
|---|---|---|
| Ramaiah Institute of Technology | Bangalore, Karnataka | INR 128,780 |
| Pratap University | Jaipur, Rajasthan | INR 387,000 |
| Kalinga University | Raipur, Chhattisgarh | INR 352,000 |
| Madhyanchal Professional University | Bhopal, Madhya Pradesh | INR 320,000 |
| Maharaj Vinayak Global University | Jaipur, Rajasthan | INR 800,000 |
| Bir Tikendrajit University | Imphal, Manipur | INR 240,000 |
| Sanskriti University | Mathura, Uttar Pradesh | INR 800,000 |
| ICFAI University | Raipur, Chhattisgarh | INR 130,000 |
| Modern Vidya Niketan | Palwal, Haryana | INR 143,000 |
| Manav Rachna International Institute of Research and Studies | Faridabad, Haryana | INR 1,000,000 |
Tabulated below is the collection of the Top Government Master of Business Administration [MBA] (Banking & Insurance) Colleges in India with Fee Structure, including their key features.
| Name of the institute | Location | Fees |
|---|---|---|
| Panjab University | Chandigarh, Chandigarh | INR 482,400 |
| Tumkur University | Tumkur, Karnataka | INR 40,000 |
| Alagappa University | Karaikudi, Tamil Nadu | INR 27,000 |