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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.
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. |
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 Criteria | Details |
---|---|
Educational Qualification | Bachelor's degree in any discipline from a recognised university. |
Minimum Marks | Generally, 50% marks in graduation (45% for SC/ST/PwD candidates). |
Entrance Exams | CAT, MAT, XAT, CMAT, NMAT, SNAP, or institute-specific tests. |
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.
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 Name | Conducting Body | Exam Pattern |
---|---|---|
CAT | IIM | |
MAT | All India Management Association | |
CMAT | National Testing Agency | |
XAT | XLRI Jamshedpur | |
NMAT | NMIMS University |
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 |
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.
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 1 | Semester 2 |
---|---|
Principles of Management and Organisational Behaviour | Indian Financial System |
Business Environment | Legal and Regulatory Aspects of Banking |
Principles and Practice of Banking | Foreign Exchange and Trade Finance |
Managerial Economics | Principles and Practice of Life Assurance |
Information Technology for Business (Business Communication and Lab) | Financial Management |
Accounting for Bankers | Business Analytics Lab |
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 3 | Semester 4 |
---|---|
Methods of Business Research | Insurance Marketing |
Risk Management in Banking& Insurance | Rural Banking and Micro Finance |
Bank Credit Management | Bank Marketing |
Principles and Practice of Non-Life Insurance | Project Report |
Digital Banking Services | Retail 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 | - |
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.
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.
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.
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.
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 Profiles | Average 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 |
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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.
Colleges | Fees |
---|---|
Rs. 25,070 | |
Rs. 82,000 | |
Rs. 8.40 Lakhs | |
Rs. 12.50 Lakhs | |
Rs. 5.40 Lakhs | |
Rs. 1.14 Lakhs | |
Rs. 10.20 Lakhs | |
Rs. 5.21 Lakhs | |
Rs. 3 Lakhs |
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.
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.
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.
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.
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.
The skills required for an MBA in Banking and Finance include, Mindset to learn, Banking and Finance aptitude, good communication, adaptability.
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.
The top entrance exams include CAT, XAT, MAT, CMAT, NMAT, and SNAP.
Career options after MBA in Banking and Insurance include Loan Counsellor, Accountant, Investment Banker, and Insurance Manager.
The average fees range from Rs 25,070 to Rs 12.50 lakhs.
The average salary of an insurance manager in India is Rs 3.9 LPA.
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.
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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.
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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.
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