Banking & Insurance

Overview

Studying Banking and Insurance offers a comprehensive understanding of the financial services industry, with a focus on banking operations, insurance principles, and risk management. This program equips students with the knowledge and skills necessary to excel in the dynamic and evolving field of financial services. Students learn about banking operations, financial analysis, insurance products, and regulatory frameworks. They gain expertise in managing financial risks, assessing insurance needs, and providing financial solutions to individuals and businesses. Studying Banking and Insurance prepares graduates for a wide range of careers in banks, insurance companies, brokerage firms, and regulatory agencies. They can pursue roles such as bank manager, insurance underwriter, risk analyst, or financial advisor, contributing to the stability and growth of the financial services sector.

Objectives Of The Programme

  1. Understand the principles and practices of banking and insurance in the financial services industry.
  2. Develop skills in financial analysis and risk management to evaluate and mitigate potential risks.
  3. Gain knowledge of regulatory frameworks and compliance requirements in the banking and insurance sectors.
  4. Acquire expertise in providing financial solutions and services to individuals and businesses.
  5. Prepare for a career in banking, insurance, or related fields by developing industry-specific knowledge and skills.

 Programme Outcomes

  1. Knowledge of banking operations, including account management, lending, and investment services.
  2. Understanding of insurance principles, policies, and underwriting processes.
  3. Ability to analyze financial statements and assess creditworthiness for lending and insurance purposes.
  4. Familiarity with risk management techniques and strategies in the banking and insurance sectors.
  5. Proficiency in regulatory compliance and adherence to legal and ethical standards in financial services.
  6. Competence in customer relationship management and providing personalized financial solutions.
  7. Skill in utilizing financial software and technology for efficient banking and insurance operations.
  8. Awareness of emerging trends and developments in the banking and insurance industries.
  9. Effective communication and interpersonal skills for client interaction and relationship building.
  10. Preparedness for professional certifications and licensure in banking, insurance, or related fields.

DEGREE

BCom

Overview

Studying B.Com (Bachelor of Commerce) in Banking and Insurance offers a specialized curriculum that focuses on the intricacies of the financial services industry. This program provides students with a comprehensive understanding of banking operations, insurance principles, risk management, and financial regulations. Students gain knowledge of various banking services, such as lending, investment, and financial analysis, along with insurance products and underwriting processes. They develop skills in risk assessment, customer relationship management, and regulatory compliance. B.Com in Banking and Insurance prepares graduates for careers in banks, insurance companies, brokerage firms, and regulatory bodies. It equips them with the necessary skills to thrive in the ever-evolving landscape of banking and insurance, contributing to the growth and stability of the financial services sector.

CAREER

Academic & Job Prospects in Banking and Insurance

  1. Lecturer/Professor: Teach banking and insurance courses at universities or colleges, sharing knowledge and expertise with aspiring professionals.
  2. Researcher: Conduct research in the field of banking and insurance, contributing to the academic understanding and advancement of the industry.
  3. Curriculum Developer: Develop and design academic programs and curricula in banking and insurance for educational institutions.
  4. Department Chair: Oversee the banking and insurance department, manage faculty, and shape the academic direction of the program.
  5. Academic Administrator: Work in administrative roles within educational institutions, overseeing programs and student services related to banking and insurance.
  6. Bank Manager: Oversee the operations of a bank branch, including customer service, lending, and compliance.
  7. Insurance Underwriter: Assess insurance applications, determine coverage and premiums, and manage risk for insurance companies.
  8. Risk Analyst: Identify and assess potential risks faced by financial institutions and develop strategies for risk mitigation.
  9. Financial Advisor: Provide personalized financial advice and solutions to individuals and businesses, including banking and insurance services.
  10. Compliance Officer: Ensure regulatory compliance and adherence to legal and ethical standards in banking and insurance operations. 

Some of the main industries offering employment opportunities after studying Banking and Insurance are listed under:

  1. Commercial Banks
  2. Investment Banks
  3. Insurance Companies
  4. Asset Management Firms
  5. Credit Unions
  6. Mortgage Companies
  7. Regulatory Agencies (e.g., Central Banks, Insurance Regulatory Authorities)
  8. Financial Consulting Firms
  9. Brokerage Firms
  10. Risk Management Departments in Corporate Organizations
Skilled & Qualified

Faculty