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

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.

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

• CAT Notification will be announced in the last week of July 2025
• CAT Application Process will start on the 1st week of August
• CAT Exam Date- 30th November 2025
• XAT Notification will be announced in the second week of July 2025
• XAT Application will start in the 3rd week of July 2025
• XAT Exam Date- 3rd January 2026

MBA Banking and Insurance Course Highlights

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.

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:

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.

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-

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.

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.

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.