B.Com - Banking and Insurance

Overview:

A B.Com (B&I) or Bachelor of Commerce in Banking and Insurance or also commonly known as BBI is a specialization of Commerce related to the Banking and Insurance sectors. B.Com BBI course comprises the study in detailed concepts related to Banking, Bank Laws, Insurance Laws, Accounting and Risk Management.   B.Com in Banking and Bnsurance is a three-year undergraduate degree that follows the semester pattern and comprises six semesters.

The advent the Market-Oriented approach, Globalization, reforms and Competitions in the Financial sectors and the need to equip prospective banking and Insurance professional to face the challenges ahead, this lead our Institution to established a specialized course in Banking and Insurance. The main aim of this course is to create trained professionals who are able to handle various financial activities associated with banking and insurance sectors. The syllabi help the Students to get an exposure in operational environment of Banking & Insurance.

Banking and Insurance are the most significant career choices for students as it is well paid, secure and provides career growth. It not only provides the students with theoretical knowledge but also helps in thorough understanding of practical application of the theory. This course provides ample exposure to the students with market reforms, projects and assignments to understand the dynamics of banks, insurance in a better way.

Some of the Highlights of B.Com in Banking and Insurance:

Top Colleges offering B.Com Banking & Insurance:

PSG College of Arts and Science

St Xavier's College

St Thomas College

Sri Krishna Arts and Science College

Karmaveer Bhaurao Patil College

International Institute of Business Studies          

Manipal University         

Integral University          

Centurion University of Technology and Management

Why Study B.Com in Banking and Insurance?

A Bachelor of Commerce degree with a specialization in Banking and Insurance opens up a wide range of career opportunities in the financial sector. Graduates can pursue careers in banking institutions, insurance companies, investment firms, and regulatory bodies.  BCom programs teach students how to read, analyze and interpret financial statements, which are crucial for understanding the financial health of a bank and its clients.

B.Com Banking and Insurance jobs are available primarily in the finance and accounts departments of many organizations. Banking and Insurance are two sectors that are fast evolving and witnessing a transformational change. This creates ample opportunities for the students.

Upon completing the course, students can easily get jobs as:

·         Accountant

·         Broker

·         Cashier

·         Credit Risk Manager

·         Auditor

·         Equity Research Analyst

·         Loan Officer

·         Market Analyst

·         Sales Officer/Manager

There are opportunities in numerous private or government organizations. B.Com Banking and Insurance scope lies in various fields like Corporate Sector, Banking Sector, Public Accounting firms, Budget Planning, etc. The graduates of B.Com Banking and Insurance can also opt for higher studies in Master of Commerce, and other related degrees, for enhancing knowledge and better salary payouts.

B.Com Banking and Insurance Admission Process:

Most institutes offering the course admit students based on performance in a relevant entrance test such as CUET. Admission process generally varies across colleges.
A few institutes also provide direct admission based on the candidate’s performance at the 10+2 level.

Candidates are assessed based on the following parameters:

• General Awareness
  
• English Communication
  
• Logical Reasoning & Critical Thinking
  
• Quantitative Aptitude
  

Eligibility Criteria for B.Com in Banking and Insurance:

Candidates can go through the sets of conditions that are required for getting admission in banking and insurance courses at undergraduate or bachelors degree levels.

·         In order to be eligible for granting admission for B.Com in banking and insurance, candidates have to be 12th qualified from any recognized board.

·         Candidates from Science and commerce stream can apply for the banking and insurance course for the undergraduate program.

·         Aspirants are required to secure a minimum of 50 per cent aggregate marks in their 10+2 with mandatory subjects i.e. Mathematics and English as core subjects.

·         Candidates must note that the aforementioned eligibility criteria may vary according to the Institute.  As every institute has its own set of eligibility criteria for granting admission to BBI (B.Com in Banking and Insurance).

B.Com - Banking and Insuranc Career Opportunities:

B.Com Banking and Insurance job opportunities are available in Accounts and Finance departments of various private and government banks, financial institutions, educational institutions, and other private organizations. B.Com Banking and Insurance jobs offer opportunities to the students in a variety of emerging sectors like consultancies, auditing, public accounting, fintech firms, etc. Students are trained as professionals to handle various financial activities associated with banking and insurance sectors. B.Com Banking and Insurance job scope lies in a wide range of sectors. Some of the top professional jobs for B.Com Banking and Insurance graduates are:

Auditors
Actuaries
Bookkeepers
Finance Managers
Financial Analyst
Human Resource Managers
Investment Banker
Investment Broker
Investment Analysts
Budget Analysts
Business Consultants
Business Operation Manager

Areas of Recruitment for B.Com Banking and Insurance Graduates;

B.Com Banking and Insurance job scope lies in many sectors, primarily in the Accounting, Finance, Banking and Insurance area. With the shift towards economic growth, there is a rising demand for such professionals. B.Com Banking and Insurance jobs are available in many different industries. Some areas of recruitment for B.Com Banking and Insurance graduates are:

Public Accounting Firms
Working Capital Management
Foreign Trade
Industrial Houses
Inventory Control
Banks
Budget Planning
Business Consultancies
Educational Institutes
Investment Banking

B.Com Banking and Insurance Syllabus:

Semester 1

Tamil I /Hindi I
English I
Financial Accounting I
Principles and practice of Banking I
Business management
Principles of Insurance Physical Education
Value Education

Semester 2

Tamil II / Hindi II
English II
Financial Accounting II
Insurance law and Practice
Principles and Practices of Banking II
Financial Mathematics
Environmental Studies

Semester 3

Company Accounts I
Business Economics
Legal Regulatory Aspects of Banking I
Financial management
Workshop on Numerical skills
Campus Recruitment Training I
Non-Major Elective
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Semester 4

Company Accounts II
Services Marketing
Legal Regulatory Aspects of Banking II
E-Commerce & E-Business
Workshop on Reasoning Skills
Campus Recruitment Training II
Non-Major Elective
Institutional Training

Semester 5

Income Tax
Cost Accounting
Financial Statistics
Business Environment
Campus Recruitment Training III

Semester 6

Management Accounting
Auditing
Business Communication
Project
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