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MBA Banking and Insurance Course, Eligibility, Admission 2025, Colleges, Syllabus, Scope

MBA Banking and Insurance Course, Eligibility, Admission 2025, Colleges, Syllabus, Scope

Edited By Vandana Pandey | Updated on Jul 23, 2025 04:28 PM IST | #MBA

MBA Banking and Insurance is a degree programme at the postgraduate level in management. The course duration is typically two years and is spread across four semesters. MBA Banking and Finance course also prepares students for various leadership roles in different organisations providing banking or insurance services. The course also offers specialised training in areas like international banking and insurance, risk management, treasury operations, projects and infrastructure.

This Story also Contains
  1. MBA Banking and Insurance Course- Important Dates
  2. MBA Banking and Insurance Course Highlights
  3. MBA Banking and Insurance Eligibility Criteria
  4. MBA Banking and Insurance Admission Procedure
  5. Top Entrance Exams for MBA Banking and Insurance
  6. MBA Banking and Insurance Skills
  7. MBA Banking and Insurance Syllabus
  8. MBA Banking and Insurance Fee Structure
  9. Scope of MBA in Banking and Insurance
  10. Career Options after MBA in Banking and Insurance
  11. Benefits of Studying MBA Banking and Insurance
  12. MBA Banking and Insurance Salary
  13. List of Top MBA colleges offering MBA in Insurance and Banking specialisation
  14. Top Government MBA colleges offering MBA Banking and Insurance Course

Students, after completing this course, can opt for various job roles in the field of Banking and Insurance such as Accountant, Financial Advisor, Insurance Manager, Investment Banker, and Financial Analyst. In this article, we will discuss the course details of the MBA Insurance and Banking course, eligibility criteria, admission process and various other details related to the course.

MBA Banking and Insurance Course- Important Dates

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MBA Banking and Insurance Course Highlights

Particulars

Values

Degree Name

MBA Banking and Insurance

Degree Type

Postgraduate

Degree Duration

2 years

Entrance Exams

CAT, XAT, MAT, GMAT, CMAT, NMAT, SNAP

Eligibility Criteria

Bachelor’s degree

Admissions Process

Direct admission is based on an entrance exam or an entrance exam followed by GDPI

Fees for the entire duration

Rs 25,070 to Rs 12.50 lakhs

Average Salary

Rs 3.9 LPA (for an insurance manager in India)

Job Profiles

Accountant, Financial Advisor, Insurance Manager, Investment Banking, Loan Counsellor, Cashier

Top Recruiters

Bajaj Allianz Life Insurance Co. Ltd., HDFC Standard Life Insurance, Punjab National Bank, Bank of India, ICICI Prudential Life Insurance Co. Ltd.

MBA Banking and Insurance Eligibility Criteria

Candidates aspiring to pursue an MBA in Insurance and Banking course must meet the eligibility criteria of the desired institute. The eligibility criteria can be found on the official website of the college. They are advised to check the eligibility criteria carefully before applying for admission. MBA Banking and Insurance eligibility criteria are mentioned below.

Eligibility CriteriaDetails
Educational QualificationBachelor's degree in any discipline from a recognised university.
Minimum MarksGenerally, 50% marks in graduation (45% for SC/ST/PwD candidates).
Entrance ExamsCAT, MAT, XAT, CMAT, NMAT, SNAP, or institute-specific tests.
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MBA Banking and Insurance Admission Procedure

The admission process for the MBA Banking and Insurance course is quite simple. Students interested in pursuing an MBA in Banking, Finance and Insurance should appear for a management entrance exam such as CAT, BHU CET, MAT, CMAT, XAT. Candidates who are shortlisted may also have to appear for a written test, personal interview and/or group discussion as part of the admission process.

Step 1- Candidates can either apply for their desired institute by visiting the official website of the course or they can directly apply for the entrance exam required by the college and score a valid cut-off.

Step 2- After successfully clearing the entrance exam, some colleges may also conduct Group Discussions and personal interviews or a written test. Candidates are required to clear these stages to get admission.

Step 3- Once selected, candidates should pay the course fees along with the required documents as per the needs of the institute.

Step 4- These steps conclude the admission process for MBA Banking and Insurance courses.

Top Entrance Exams for MBA Banking and Insurance

To secure admission into top business schools offering this program, candidates are required to clear national or institute-level entrance exams. Here are the top entrance exams for admission to an MBA in Banking and Insurance in India:

Exam NameConducting BodyExam Pattern
CAT IIM

CAT Exam Pattern

MATAll India Management Association

MAT Exam Pattern

CMATNational Testing Agency

CMAT Exam Pattern

XATXLRI Jamshedpur

XAT Exam Pattern

NMATNMIMS University

NMAT Exam Pattern

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MBA Banking and Insurance Skills

Students who want to excel in the dynamic field of Banking and Insurance should possess various skill sets. These skills are not only necessary for doing well academically, but they will also help students to do well in their future career endeavours. Some of the hard skills required for the course include Mathematical Skills, Analytical Skills, Banking and Insurance Aptitude. In the table below, we have mentioned a few more skills required for MBA Banking and Finance courses.

Learning Mindset

Discipline

Good Business Communication

Customer Handling

Analytical Skills

Interest and aptitude for Banking and Insurance

MBA Banking and Insurance Syllabus

There are many colleges in India that offer MBA Banking and Insurance courses. The subjects for MBA Banking and Insurance will vary from one college to another, but the general course structure remains the same for every institution. In the table below, we have mentioned the syllabus of Alagappa University for their MBA Insurance and Banking course.

MBA Banking and Insurance First Year Syllabus

First year syllabus of MBA Banking and Insurance focuses on fundamentals of planning, organising and controlling in a business environment. Here is a list of first-year subjects-

Semester 1Semester 2
Principles of Management and Organisational BehaviourIndian Financial System
Business EnvironmentLegal and Regulatory Aspects of Banking
Principles and Practice of BankingForeign Exchange and Trade Finance
Managerial EconomicsPrinciples and Practice of Life Assurance
Information Technology for Business (Business Communication and Lab)Financial Management
Accounting for BankersBusiness Analytics Lab

MBA Banking and Insurance Second Year Syllabus

Second year syllabus of mba banking and insurance focuses on project report and core bankig functions. In this year students learn detailed study of life and general insurance products and underwriting practices.

Semester 3Semester 4
Methods of Business ResearchInsurance Marketing
Risk Management in Banking& InsuranceRural Banking and Micro Finance
Bank Credit ManagementBank Marketing
Principles and Practice of Non-Life InsuranceProject Report
Digital Banking ServicesRetail Banking / Non-Banking Finance Companies / Reinsurance Management/ Mutual Fund Management/ Fintech in Financial Sector
Institutional Internship(summer)-
Health Insurance/ Digital-Customer Relationship Management/ International Banking and Finance/ Co- operative Banking/ Ethics in Banking/ Treasury Management-

MBA Banking and Insurance Fee Structure

The fees for an MBA in Banking and Insurance differ from one college to another. The fees also depend on whether the institute is private or public. The fees of a private institute are generally higher than those of a public institute. Candidates can check the fees by visiting the official website of their desired institute. The average fee for MBA Banking and Insurance ranges from Rs 25,070 to Rs 12.50 lakhs.

Scope of MBA in Banking and Insurance

The scope of an MBA in Banking and Finance is quite broad and promising. There are a lot of areas in the field of Banking and Insurance that candidates can explore. A degree in Banking and Insurance can provide students with an exciting career. The course equips students with a comprehensive understanding of the financial and insurance sectors.

After completion of the course, graduates can work as a Financial Analyst, Investment Banker, Insurance Manager, Accountant, Credit Analyst, and Loan Counsellor. Candidates can also pursue higher education such as a Ph.D. in Finance or related disciplines and be a professor at a university.

Many companies look for talented MBA professionals and are willing to offer good salaries. Graduates can also get work opportunities in MNCs abroad.

Career Options after MBA in Banking and Insurance

The career options that are available for graduates are wide in India and abroad. Candidates can work as Financial Analysts, Investment Bankers, Insurance Managers, Accountants, Credit Analysts, Loan Counsellors, Personal Financial Advisors, Operations Managers. Mentioned below are some of the popular careers chosen by MBA Insurance and Banking graduates.

Loan Counsellor: Loan counsellors are professionals who are typically employed by banks or other financial institutions. They help potential clients or borrowers find the right loan or scheme according to their needs and requirements.

Insurance Managers: Insurance managers are professionals who oversee the daily operations of an insurance company. They are responsible for managing a team of employees and also developing new insurance plans to offer customers.

Credit Analyst: Credit Analysts are finance professionals who are responsible for checking if people or companies can pay back the money they want to borrow. They look at the financial information of people who want to get a loan.

Accountants: Accountants are professionals who manage financial records for clients, governments and organisations. They prepare financial statements and analyse the company’s accounts.

Benefits of Studying MBA Banking and Insurance

There are many benefits to pursuing a course such as an MBA in Banking and Insurance in India. There are multiple job opportunities available in both the private and public sectors, such as Investment Banking, Asset Management, Insurance, and Commercial Banking. The course also provides leadership skills such as problem-solving, analytical skills and communication skills.

MBA Banking and Insurance Salary

The salary of a graduate with a degree in Banking and Insurance depends on their experience and the skills possessed by them. In the table below, we have mentioned the average salaries of some of the popular careers after an MBA in Banking and Insurance degree.

Job ProfilesAverage Salary

Loan Counsellor

Rs 2.8 LPA

Insurance Manager

Rs 4 LPA

Credit Analyst

Rs 9.1 LPA

Accountant

Rs 3.4 LPA

Relationship Manager

Rs 5.3 LPA

Compliance Officer

Rs 8.5 LPA


Source-ambitionbox

Top Recruiters

  • HDFC Bank
  • ICICI Bank
  • SBI
  • LIC
  • Kotak Mahindra Bank
  • Axis Bank
  • Bajaj Allianz
  • Tata AIG
  • Max Life Insurance
  • PNB MetLife

List of Top MBA colleges offering MBA in Insurance and Banking specialisation

There are many colleges in India offering the MBA Banking and Finance course. In the table below, we have mentioned the top ten MBA colleges.

Top Government MBA colleges offering MBA Banking and Insurance Course

There are many government colleges in India that provide MBA Banking and Insurance courses. Government colleges typically provide lower tuition fees than private colleges. Students can also apply for scholarships if provided by the desired institute. In the table below, we have listed some top government colleges.

An MBA in Banking and Insurance is a highly relevant and promising career path for individuals aspiring to excel in the financial services sector. This programme not only opens doors to lucrative job opportunities in top banks and insurance companies but also equips students with analytical, managerial, and leadership skills essential for long-term success.

Frequently Asked Questions (FAQs)

1. What is an MBA in Banking and Insurance?

 MBA Banking and Insurance is a degree programme at postgraduate level in the field of management. The course duration is typically two years and is spread across four semesters. The course equips students with in-depth knowledge in the field of banking and insurance.

2. What are the eligibility criteria for an MBA in Banking and Insurance?

The eligibility criteria for an MBA in Banking and Insurance is slightly different for every college. Candidates are required to have a Bachelor’s degree in relevant discipline with a minimum aggregate score of 50 percent. They must also appear for at least one entrance exam such as the CAT, XAT, MAT, CMAT, NMAT. Students can check the eligibility criteria for the desired course.

3. What is the admission process for an MBA Banking and Insurance?

The admission process for an MBA Banking and Insurance depends on the desired institute. The general admission requirements are candidates are required to clear an MBA entrance examination and meet the cut-off specified by the chosen institute. Some colleges may also conduct Group Discussion, Personal Interview and/ or aptitude tests.

4. What are some of the top colleges offering MBA Banking and Insurance courses?

The top colleges offering an MBA in Banking and Insurance course are DYPUSM Mumbai, SUAS Indore, Amity University, Noida, Chitkara College of Sales and Marketing, Jhansla, Shoolini University Solan.

5. What are the skills required for an MBA in Banking and Insurance course?

The skills required for an MBA in Banking and Finance include, Mindset to learn, Banking and Finance aptitude, good communication, adaptability.

6. What are some of the top recruiters for MBA Banking and Insurance courses?

Top recruiters include State Bank of India , Punjab National Bank, Bank of Baroda, HDFC Standard Life Insurance Co. Ltd, Kotak Mahindra Life Insurance Co. Ltd.

7. What are the top entrance exams required for MBA Banking and Insurance courses?

The top entrance exams include CAT, XAT, MAT, CMAT, NMAT, and SNAP.

8. What are the career options available after an MBA in Banking and Insurance degree?

Career options after MBA in Banking and Insurance include Loan Counsellor, Accountant, Investment Banker, and Insurance Manager.

9. What are the average fees for MBA Banking and Insurance courses?

The average fees range from Rs 25,070 to Rs 12.50 lakhs.

10. What is the average salary of MBA Banking and Insurance graduates?

The average salary of an insurance manager in India is Rs 3.9 LPA.

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With a 91.16 percentile in MAH MBA CET 2025, you have a good chance of securing admission in decent MBA colleges in Maharashtra. While top institutes like JBIMS or Sydenham may be out of reach, colleges such as PUMBA, SIES, Chetana’s, MET, and DY Patil are realistic options. Among these, PUMBA offers the best return on investment with a low fee structure and an average package of around 6–6.5 LPA. Other colleges typically offer packages in the 3.5–5.5 LPA range. Since you plan to take a loan, choosing a college with low fees and strong placement support is important. Make sure to register and participate in all CAP rounds and prioritize your college options carefully. With the right choice and consistent effort during your MBA, placements are definitely possible.

Hello

GTU offers semester-wise question papers for MBA SEM 4 – Management Control Systems from 2008 onward. You can download past papers  directly from GTU's repository.

You can also download papers from Careers360.com (//Careers360.com) , it will provide you with all the study materials.

Hello aspirant,

Here below I am providing you with the name of some of the best MBA colleges in Noida:

  • Amity University
  • aipuria Institute of Management
  • Lloyd Business School
  • Galgotias University
  • GL Bajaj Institute of Management and Research

To know about more colleges, you can visit our site through following link:

https://bschool.careers360.com/colleges/list-of-mba-colleges-in-noida

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The Delhi NCR region hosts several top MBA colleges, both government and private, offering strong academic programs, industry exposure, and placement opportunities. The Indian Institute of Management (IIM) Rohtak, although located slightly outside the core NCR, is among the best and offers a highly competitive program. In Delhi itself, the Faculty of Management Studies (FMS), University of Delhi, is widely regarded as one of the best in terms of ROI, academic quality, and alumni network. Other well-reputed institutions include Indian Institute of Foreign Trade (IIFT), Management Development Institute (MDI) Gurgaon, and International Management Institute (IMI) Delhi. For those considering private options, institutes like Birla Institute of Management Technology (BIMTECH) in Greater Noida and FORE School of Management in Delhi are also recognized for their consistent placement records and corporate connections.

Hello Amit Kumar,

As a working professional managing operations and maintenance of EV charging stations, both programs - the Online MBA in Operations Management or the PGDM in Energy Management from Symbiosis - can be valuable, but the most appropriate choice will depend on your long term career goals.

  1. The Online MBA in Operations Management would build on your foundational knowledge base in process optimization, logistics and strategic operations which is core to expanding the EV sector infrastructure and optimizing your maintenance workflows.
  2. While the PGDM in Energy Management from Symbiosis is narrower in focus and leads more deeply into the energy sector, it provides an advantage, particularly for someone wanting to take a stronger focus on sustainability, energy policy and the power sector dynamics that influence these areas.

If you hope to become a strategic leader in the EV and energy sectors, the PGDM in Energy Management fits more closely with this purpose. If you hope to assume broader leadership roles in diverse industries, then an MBA in Operations gives you broader flexibility.

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