Banking is considered as one of the most significant career preference for students as it is well paid, secure and high status career. However it might appear that this profession is destined for commerce students but the truth is that almost all officers in banks are from various streams of education such as Arts, Computer science, Science and others. The demand for professionals in this field has made banks such as public sector, private sector, overseas banks and multinationals to hire more and more CFAs, MBA graduates and CAs to improve efficiency.
On other hand bright graduates from any stream can get entry into public sector banks by clearing the All India Examination which is being conducted by banks every year. The requirement of more professionals in this field has increased due to the emerging new technologies and new private banks and financial institutions.
Insurance is a form of risk which is being covered or protected against various hazards of life. It is a financial contract that binds two people to certain responsibilities which is known as Policy. The person who acquires insurance coverage is called the policy holder or insured and the person who sells the policy is the insurer.
From the time the policy holder signs the policy he/she has a responsibility to pay a stipulated amount of money known as premium at regular intervals for a stipulated period to the insurer. In fact, insurance is an agreement to pay a premium in return for which the insurer will pay compensation in certain eventualities e.g. fire, theft, motor accident, etc.
In India there are about 30 insurance companies the majority public sector insurance companies are Postal life Insurance, Life Insurance Corporation etc. LIC deals with insurance of life, whereas other insurance companies are concerned with non-life aspects of insurance which includes marine, medical, accident and fire insurance.
In this field several multinational companies have come forward. Max New York life, HDFC Standard Life-Insurance, SBI Life Insurance, Tata AIF Life Insurance, Birla Sun Life etc are few top insurance companies in the private sector. In non-life insurance sector, most important private players are IFFCO Tokyo, ICICI Lombard, and Tata AIG etc.

Basic Eligibility

UG: For admission into a bachelor’s degree, the candidate must have passed the higher secondary education or 10+2 examination with commerce subjects such as accounts, maths and economics. The duration for this program is of 3 years.
PG: For admission into a master’s degree a must have a bachelor’s degree with commerce subjects such as accounts, maths and economics. The duration for this program is of 2 years.

Job Prospects

Job prospects in Banking Industry: -Graduates are being mostly hired by government banks for various posts on the basis of All India Examination. On the other hand professionals like doctors, lawyers, engineers etc are employed for higher posts through All India tests. Graduates from commerce stream are given more preference, but any one from any stream is eligible to enter into this field by qualifying the Entrance exams which are being conducted by banks every year. At senior level banks opt for experienced bankers.
Banks generally look for those candidates who have good communication skills and have the ability to handle customers and basic knowledge about the industry. To join an overseas or private sector banks for senior level positions one needs specialization in certain specific areas like credit appraisal skills, managing huge loan files and foreign exchange.
Pay package in Banking Industry: -Those who are working in public sector banks can get a salary ranging from Rs.12,000 to Rs.15,000 per month while the salary for officers start within a range of Rs.15,000 to Rs.20,000 per month. For professionals like CAs, ICWA, CFAs and MBA employed in public sector banks can expect a higher salary. Whereas when the same professionals are employed in private sector and overseas banks they get a salary package between Rs.25,000 to Rs.30,000 per month.
Pay package in insurance Industry: –The salary structure in public sector insurance companies is as per govt. rules depending on different positions. Whereas in private sector insurance companies the salary structure is more lucrative for management graduates working in marketing and sales sector with an initial salary starting from Rs.15,000 to Rs25,000 per month.

Available Courses


  •  BBA – Banking & Insurance
  •  B.Com. – Banking and Insurance


  •  M.Com. – Banking & Insurance
  •  PGD – Insurance


  •  Certificate – Banking & Insurance
  •  Certificate – Business Insurance
  •  Diploma – Insurance & Risk Management