MBA in Banking & Insurance is a 2-year postgraduate Banking and Insurance course, the minimum eligibility is Graduation from a recognized college or its equivalent exam. Admission to this course depends on the student’s performance in a relevant entrance test and the consequent round of counselling.The average tuition fee charged for the course in India ranges between INR 10,000 to 10 lacs, for a span of 2 years.

MBA in Banking and Insurance is a postgraduate Banking program. The degree course is the study of fundamentals as well as concepts in the banking and Insurance. MBA in Banking & Insurance degree program covers the study of the fundamental concepts of management with specialised training in subjects for example International Banking and Insurance, Risk Management, Treasury Operations, Project & Infrastructure, Investment Banking, etc. The full two-year degree program consists of four semesters in which the first two semesters are important to all the M.B.A. courses and the last two focus and focus on the specialised subjects related to the area of Banking and Insurance.

This field is full of career opportunities with secure future. Various banks and multinational organizations provide facilities to their employees. Students opt this field are well paid and have a bright career. Needs of experts are expanding every day as new and propelled technologies are being introduced. After the successful completion of this course, there will be a multitude of banking job opportunities at your disposal. There are numerous nationalised as well as private banks which offer ample career employment in the banking sector. Usually, these banks hire thousands of candidates every year.

Such graduates are hired in capacities such as Financial Analyst, Credit & Risk Manager, Marketing & Sales Manager, Loan Counsellor and Sales Officer, Credit Analyst, Investment Banker, Account and Auditor, Stock Analyst, Asset Manager, Agent & Broker, Insurance Manager, Operations Manager, Marketing and Sales Manager, Financial Manager, Management Analyst, Accountants and Auditor, Credit Analyst, Financial Analyst, Personal Financial Advisor, Loan Counsellor etc. The average annual salary offered to such professionals ranges between INR 3 to 20 Lacs, increasing with students’ experience and expertise.

MBA in Banking and Insurance: Top Institutes 

Given below are some of the top institutes in India that offer the course:

NAME OF INSTITUTE	CITY	AVERAGE ANNUAL FEES
International Management Institute	New Delhi	INR 7,71,000
Institute of Financial Management and Research	Chittoor	INR 6,00,000
ICFAI Business School	Hyderabad	INR 6,25,000
International School of Business and Research	Bangalore	INR 4,00,000
Institute of Public Enterprise	Hyderabad	INR 4,08,000
Pondicherry University	Pondicherry	INR 37,200
GIBS Business School	Bangalore	INR 2,75,000
Sri Balaji Society, Balaji Institute of Modern Management	Pune	INR 3,30,000
SCMS Cochin School of Business	Cochin	INR 3,76,000
AIMS Institute of Management Studies	Pune	INR 1,49,000
Siva Sivani Institute of Management	Secunderabad	INR 2,75,000
Birla Institute of Technology	Ranchi	INR 2,27,000

MBA in Banking and Insurance: Career Prospects

Usually, graduates with knowledge in both finance and management are employed by banks for various posts based on All India Examination. Although finance and management graduates may have an edge over other aspirants, any applicants from any stream are eligible to enter this field by qualifying the entrance exams which are being conducted by banks every year. At senior level banks opt for experienced bankers.

Generally, banks look for those students who have good communication skills and have the ability to handle customers and possess basic knowledge about the industry. One needs to specialize in certain specific areas such as credit appraisal, loan and foreign exchange to be eligible for joining an overseas bank or private sector bank at senior level positions.

JOB POSITION	JOB DESCRIPTION	AVERAGE ANNUAL SALARY
Investment Banker	Investment bankers are responsible to assume a role in helping their client’s raise funding to back various activities and develop their organizations.	INR 9 to 10 Lacs
Insurance Manager	An Insurance Manager is In responsible of managing operations within a protection rehearse. Oversees specialists, agents, and appraisers.	INR 7 to 8 Lacs
Credit and Risk Manager	Risk managers are responsible to exhort organization on any potential risk to the productivity and presence of the enterprises. They evaluate and distinguish threats, set up plans place for if things become bad and opt how to keep away from, decrease or transfer risks.	INR 9 to 10 Lacs
Financial Advisor	A Financial Advisor is responsible for providing help to clients for their long-term as well as short-term financial goals.	INR 4 to 5 Lacs
Loan counsellor	A Loan Counsellor is responsible for processes a customer’s application materials, checking the information and works with the customers to come up with a financial plan.	INR 2 to 3 Lacs