BCom Banking and Insurance 2024: Admission, Eligibility, Syllabus

3 Years
Full Time

BCom Banking and Insurance major is a 3 years undergrad program that gives students in depth knowledge regarding the banking and insurance industries. The curriculum in this major focuses on the known academic areas like finance management, economics, banking, and other specializations.

The course covers most of the major subjects of banking which include banking fundamentals, banking law and practice, banking theory, insurance law and principle, non-life and life insurance, financial institutions and their roles and so on. The plan imparts students with useful abilities such as examine financial statements, risk management, grasping regulatory policies, selling of insurance premia, etc. 

B.Com Banking and Insurance Admission Process

1. Ensure that you are eligible for the course, the browsing criteria are set by the universities including 12th marks, subject etc. 

2. Sift through list of the accredited colleges by the regulatory agencies which provide your chosen specialty.  

3. Apply either online or institution-based, by submitting academic transcripts and paying application fee.  

4. Write college admission test if there is such possibility or be anxious for your name to be announced on the merit list.

5. Come and attend counseling session according to your rank/ merit and pick up your college and course of study preferences.  

6. After seats have been allotted through the admission formalities make a full payment and submit necessary documents in due time.

B.Com Banking and Insurance Eligibility

1. Get an aggregate of 50% and above at the 10+2 level or an equivalent exam from a board registered with a recognized education council. 

2. Candidacy is open to all streams including humanities (Arts), commerce, economy as well as science.  

3. This is the advantage for having no age limits to students who are willing to enroll

4. In addition, students who aspire this course, regardless of their gender, are free to follow it.  

5. The eligible contestants can be selected from those who are appearing for their 10+2 examination too. 

6. At some institutes, the entrance test is conducted for the applicants whereas at others; admission is granted directly on the basis of 10+2 marks.

B.Com Banking and Insurance Entrance Exams

IPU CET (Indraprastha University Common Entrance Test): The candidates' knowledge in the subjects like Economics, Mathematics, and General Awareness, is assessed, and suitability of the candidates for BCom Banking and Insurance programs with the Guru Gobind Singh Indraprastha University is determined.

PU CET (Punjab University Common Entrance Test): Included Economics, Mathematics, Banking Awareness sections that tested students for B.Com Banking & Insurance courses at Punjab University.

AMU Entrance Exam (Aligarh Muslim University Entrance Exam): Marks the competence of a candidate in subjects such as Economics, Mathematics, and English, determining the entry eligibility for the BCom Banking and Insurance programs at AMU.

DUET (Delhi University Entrance Test): Contains Economics, Mathematics and General Awareness topics evaluating candidates' eligibility for BCom Banking and Insurance subjects offered by Delhi University.

JMI Entrance Exam (Jamia Millia Islamia Entrance Exam): Tests candidates' knowledge in Economics, Mathematics, and Logical Reasoning, which are further used for the selection process by the candidates eligible for Banking and Insurance programs at JMI.

B.Com Banking and Insurance Syllabus

Subject Content
Principles of Banking Covers banking operations, functions, regulations, central banking, monetary policy, financial markets, and instruments.
Insurance Principles Explores principles of insurance, types of insurance, underwriting, risk management, insurance contracts, and claims settlement processes.
Financial Accounting Covers accounting principles, preparation, and interpretation of financial statements, accounting standards, and regulations.
Macroeconomics Explores national income accounting, monetary and fiscal policies, economic growth, inflation, and unemployment.
Microeconomics Covers consumer behavior, demand and supply, market structures, pricing strategies, and resource allocation.
Banking Law and Practice Addresses banking laws, regulations, compliance, bank operations, customer service, and ethical considerations in banking.
Risk Management Studies principles of risk management, risk identification, assessment, mitigation strategies, and insurance-based risk transfer mechanisms.
Corporate Finance Focuses on financial decision-making, capital budgeting, cost of capital, capital structure, dividend policy, and financial analysis.
Insurance Operations Covers insurance company operations, underwriting processes, policy issuance, premium calculation, claims processing, and insurance documentation.

Top 10 Private Bachelor of Commerce [B.Com] (Banking and Insurance) Colleges in India with Fee Structure

Tabulated below is the collection of the Top 10 Private Bachelor of Commerce [B.Com] (Banking and Insurance) Colleges in India with Fee Structure, including their key features.

Name of the institute Location Fees
Sonubhau Baswant College of Arts and Commerce Thane, Maharashtra INR 5,170
KPR College of Arts Science and Research Coimbatore, Tamil Nadu INR 50,000
Jnan Vikas Mandal Mehta Degree College Navi Mumbai, Maharashtra INR 37,155
K.G. Joshi College of Arts & N.G. Bedekar College of Commerce Thane, Maharashtra INR 50,306
Malla Reddy University Hyderabad, Telangana INR 200,000
Mandsaur University Mandsaur, Madhya Pradesh INR 231,400
Academy of Business Management Tourism and Research Bangalore, Karnataka --
AIMS Institutes Bangalore, Karnataka INR 900,000
Acharya Tulsi National College of Commerce Shimoga, Karnataka INR 12,950
CKB Commerce College Jorhat, Assam --

Top 10 Government Bachelor of Commerce [B.Com] (Banking and Insurance) Colleges in India with Fee Structure

Tabulated below is the collection of the Top 10 Government Bachelor of Commerce [B.Com] (Banking and Insurance) Colleges in India with Fee Structure, including their key features.

Name of the institute Location Fees
Maharaja Krishnakumarsinhji Bhavnagar University Bhavnagar, Gujarat INR 470,000
Bhadrak Autonomous College Bhadrak, Orissa INR 44,151
Erode Arts College and Science College Erode, Tamil Nadu INR 3,312
Guru Nanak Khalsa College of Arts, Science & Commerce Mumbai, Maharashtra INR 79,200
Kishinchand Chellaram College Mumbai, Maharashtra INR 66,920
L.S. Raheja College of Arts and Commerce Mumbai, Maharashtra INR 17,683
Lords Universal College Mumbai, Maharashtra INR 13,564
NGM College (Autonomous) Pollachi, Tamil Nadu INR 1,745
PSG College of Arts and Science Coimbatore, Tamil Nadu INR 66,850
Ramniranjan Jhunjhunwala College Mumbai, Maharashtra INR 43,015

B.Com Banking and Insurance Course Placements

The Bachelor of Commerce (B.Com) (Banking and Insurance) is a three-year undergraduate degree program that provides students with a strong foundation in the principles of banking and insurance.

College Name Average CTC (INR) Placement Percentage
Narsee Monjee College of Commerce and Economics 4-6 LPA 80-90%
Shaheed Sukhdev College of Business Studies 3-5 LPA 70-80%
Symbiosis Centre for Management Studies 5-7 LPA 60-70%
Lovely Professional University 3-5 LPA 50-60%
Amity University 2-4 LPA 40-50%
Christ University 2-4 LPA 30-40%
Mount Carmel College 2-3 LPA 20-30%
St. Xavier's College 2-3 LPA 10-20%

B.Com Banking and Insurance Course Jobs and Salary

The Bachelor of Commerce (B.Com) (Banking and Insurance) is a three-year undergraduate degree program that provides students with a comprehensive.

Job  Average Salary (INR) Specialization
Bank Executive 3-5 LPA Banking Operations
Insurance Agent 2-4 LPA Insurance Sales and Marketing
Risk Analyst 4-6 LPA Risk Management
Financial Analyst 5-7 LPA Financial Reporting and Analysis
Investment Banker 6-8 LPA Investment Banking
Actuary 5-7 LPA Actuarial Science
Fraud Investigator 4-6 LPA Fraud Management
Underwriter 3-5 LPA Underwriting
Claims Adjuster 3-5 LPA Claims Management
Customer Service Executive 2-4 LPA Customer Service

Bachelor of Commerce [B.Com] (Banking and Insurance) Overview 2024 FAQs

The BCom-Banking and Insurance program is a Bachelor of Commerce degree that helps grow students’ knowledge and skills in banking, insurance, risk management, and financial marketing.

Key subjects are commonly include principles of banking, insurance principles, financial accounting, macroeconomics, microeconomics, banking law and practice, risk management, corporate finance, insurance operations, investment management and many others.

Leaving for the job as financial analysts they may find their work in banking institutions, insurance firms, brokerage houses, asset managing companies, regulatory agencies or consultancy companies in jobs of a teller in a bank, insurance agent, risk analyst, asset advisor, or financial planner.

Definitely, BCom Banking and Insurance offers those students who are eager to have a career in finance, risk management, and the operations of banks and insurance companies, a practical training that goes beyond theoretical concepts to real-life situations.

Some BCom programs on banking and insurance include options for internships, industry projects, or practical experiments in the firms to contribute to the enhancement of real-life exposure of students and their skills and chances of getting jobs.

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