B.Com Banking and Insurance is a three-year full-time undergraduate program that deals with studying various banking and insurance aspects. It is a mix of banking and insurance training and soft skills like communication and public relations. This course is designed to prepare skilled graduates for dealing with various industrial challenges. It offers ample job opportunities in the Banking and Insurance industry. Upon completing the course, students can work as Accountant, Broker, Cashier, Credit Risk Manager, Auditor, Equity Research Analyst, Loan Officer, Market Analyst, Sales Officer, Sales Manager, etc.
Table of Contents
| Degree | Bachelors |
| Full Form | Bachelor of Commerce in Banking and Insurance |
| Duration | 3 Years |
| Age | No Age Limit |
| Minimum Percentage | 55% |
| Average Fees | ₹14K – 10 LPA |
| Average Salary | INR 2-10 LPA [Source: Payscale] |
| Employment Roles | Accountant, Broker, Cashier, Credit Risk Manager, Auditor, Equity Research Analyst, Loan Officer, Market Analyst, Sales Officer, Sales Manager etc. |
The Bachelor of Commerce in Banking and Insurance is an undergraduate program designed to give students knowledge on various aspects of banking and Insurance. It is a course in commerce specializing in banking and Insurance. B.Com in Banking and Insurance provides students with specialized insights into accountancy, finance, banking, Insurance, and microeconomics in business. According to Investopedia,” Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.” This course has incorporated the significant changes that have taken place in the global financial architecture and the new products and technology that have invaded the banking sector. This course prepares students for the industry and gives practical training.
B.Com Banking and Insurance admission is offered to only those students who meet the eligibility criteria. B.Com Banking and Insurance eligibility is, students must pass 10+2 or any other equivalent examination from a recognized board with an aggregate of at least 50%. In addition, students must have studied any stream from Commerce/Science/Arts in 10+2. Students’ age must be below 25 years. Students should additionally pass the entrance exams conducted by the colleges for admission.
For pursuing B.Com in Banking and Insurance, students must make sure that they satisfy the eligibility criteria. In addition, students should have good marks in 10+2 for merit-based admission and sound performance in entrance exams for entrance exam-based admissions. The admissions for B.Com Banking and Insurance can be based on two ways. While some colleges offer merit-based admissions, some colleges conduct entrance exams for admissions. Applications for admissions may be availed both from the University website or by directly visiting the college’s Admissions Office.
The course falls under the umbrella of B.Com and therefore the admission process does not change drastically for the students. Mentioned below are the details of the admission process in general:
B.Com Banking and Insurance course information for admissions can be found on the college’s official websites in which the students want to apply. Admission registration can be carried out through online and offline methods. Students must visit the college campus for offline admissions, fill out the application form, collect the brochure, and submit all the required documents. For online applications, students should visit the college’s admission website and fill out the application form. The submission of the application fees can be made via online money transfer or through cheques/demand drafts from the bank. On submission of the application form, students will receive further correspondence from the college. Before filling the application form, students must ensure that they satisfy the eligibility criteria for the course.
The selection process for the B.Com in Banking and Insurance course in India is primarily based on the aspirant’s 10+2 academic marks, i.e., merit-based. Admission will be strictly offered to only those students who clear the minimum cut-off of the respective college and fulfill the eligibility criteria. Some colleges conduct entrance exams for admissions. The admit card and other details regarding the exam are notified on the college website beforehand. The students are informed about the results through email communication or visit the colleges’ official website.
Read More on B.Com Admission
Some of the top colleges offering B.Com Banking and Insurance courses in India have an entrance exam-based admission process. With the help of entrance exams, colleges assess the students and screen out suitable students from all the applicants. Some popular entrance exams for B.Com Banking and Insurance are:
Students who desire to opt for B.Com in Banking and Insurance should study the exam pattern and syllabus well before time. This will help students in timely preparation for the entrance exams. In general, a common examination pattern is followed by colleges which is as:
Some of the top B.Com Banking and Insurance colleges in India are:
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The B.Com Banking and Insurance fees for various colleges in India is around INR 1- 5 LPA. The course fees may vary based on the institute, infrastructure, teaching methods, faculties, and facilities available.
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Sl. No. |
Name of the Institute |
Total Fee Structure |
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1. |
Chandigarh University, Chandigarh |
INR 1.95 LPA |
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2. |
Manav Rachna International University, Faridabad |
INR 4.08 LPA |
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3. |
University of Technology and Management, Shillong |
INR 2.37 LPA |
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4. |
Sandip University, Nasik |
INR 3.00 LPA |
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5. |
GD Goenka University, Gurgaon |
INR 8.40 LPA |
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6. |
Manipal University, Manipal |
INR 3.62 LPA |
B.Com in Banking and Insurance syllabus is curated to include the concepts of Banking and Insurance system. The syllabus is composed of theoretical subjects dealing with Commerce and Banking. Upon completing the course, students can become Accountant, Broker, Cashier, Credit Risk Manager, Auditor, Equity Research Analyst, Loan Officer, Market Analyst, Sales Officer, Sales Manager, etc. B.Com Banking and Insurance duration is three years with six semesters. Listed below are few core subjects in the course:
Read More about B.Com Banking and Insurance Syllabus and Subjects
Students many times wonder about B.Com in Banking and Insurance details before choosing the course. Before deciding on a career, students need to ask, “What is B.Com in Banking and Insurance?” and “Why choose B.Com in Banking and Insurance?”. To discover answers to these questions, we have framed the following three questions:
B.Com with Banking and Insurance is a three-year-long undergraduate course that enhances the understanding of banking and insurance business in the world economy. The course is well organized to make students valuable finance, accounting, banking, and insurance professionals. The students are trained to handle various technologies employed in the banking and insurance sectors. B.Com in Banking and Insurance includes theoretical and practical based knowledge of banking and insurance systems. Upon completing the course, the students can pursue careers as Accountant, Broker, Cashier, Credit Risk Manager, Auditor, Equity Research Analyst, Loan Officer, Market Analyst, Sales Officer, Sales Manager, etc.
Banking and Insurance are two sectors that are fast evolving and witnessing a transformational change. B.Com in Banking and Insurance offers a wide range of career options for graduates in both private and public organizations. Upon completing B.Com in Banking and Insurance, students can work in various areas like banks, investments, the insurance industry, savings and loan association, etc. Students can also opt for higher studies in M.Com or other related degrees and capture a more strong knowledge of the related banking and insurance subjects.
Bank Clerks: Bank clerks are responsible for completing various tasks related to data entry, bookkeeping, and log-book maintenance. They are hired in different departments of the bank like accounts, exchange, loan, securities, administration, etc.
B.Com Banking and Insurance can be a rewarding career for graduates looking for competitive salaries and excellent benefits. Banking is one of the most sought-after disciplines with numerous career opportunities. Banking and Insurance jobs are high-paying, and salaries rise with experience and expertise. Moreover, a higher degree in B.Com Banking and Insurance can earn extra profitable opportunities. This course opens many prospective career options in banks, investments, the insurance industry, savings and loan associations, etc.
Demand: Banking and Insurance positions are increasing faster than other jobs around the world. According to the Bureau of Labor Statistics data, jobs in the banking sector are to grow by 15%, which is much faster than average. From managerial and consulting jobs in the Government sector and MNCs to self-employment as Chartered Accountant, Company Secretary, Finance Consultant, Entrepreneurship, the Banking and Insurance sectors have employment opportunities for all.
Read More about B.Com Banking and Insurance Jobs
B.Com in Banking and Insurance is an upcoming career option, and students should be well prepared before pursuing the course. Some of the important tips for students seeking admission in B.Com Banking and Insurance are:
Practice Regularly: Enhance your knowledge of banking and insurance concepts by doing regular practice.
Study about the Course: Do a detailed study of the course and its subjects. Choose the best-suited career option for you after study.
Improvise Your Skills: For grabbing the best opportunities and good performance throughout the course, improve your analytical and logical skills and learn new subjects. Also, enhance your spreadsheet and excel skills.
Ample of opportunities and career alternatives are available for B.Com Banking and Insurance graduates. Students can opt for a job or higher education depending upon their skills and interests. B.Com Banking and Insurance offers opportunities in many sectors like Banks, Budget Planning, Business Consultancies, Educational Institutes, Investment Banking, etc. Some of the higher education courses that students can opt for after completion of the program are as such:
B.Com Banking and Insurance graduates can work as professionals in accounting, finance, banking, and Insurance. This course offers ample opportunities to students both in terms of job and higher education. With a B.Com Banking and Insurance degree in hand, students can work as Chartered Accountant, Investment Banker, Investment Analysts, Budget Analysts, Business Consultants, Business Operation Manager, Certified Public Accountants, etc. In addition, graduates can find jobs in both private and govt. Corporations. The average salary for B.Com Banking and Insurance freshers is INR 2-5 LPA (Source: PayScale), which would increase with the experience and skills.
Read More about B.Com Banking and Insurance Salary
Banking and Insurance are two sectors which are fast evolving and witnessing a transformational change. Banks are the backbone of all activities, because every transaction where money is involved, the bank is the main character. Insurance business is one of the prominent financial services in modern times. Various jobs are available in both public and private organizations for B.Com Banking and Insurance graduates. Students can get jobs in various Business Consultancies /agencies, Educational Institutes, Public Accounting Firms, Policy Planning, Foreign Trade, Banks, Budget Planning, Inventory Control, Merchant Banking, etc. Students can also pursue higher studies or any other professional certificate courses. Some job roles offered to graduates are:
B.Com Banking and Insurance graduates should demonstrate good mathematical and problem-solving skills. They should be good at numbers and should come up with innovative ideas for businesses in saving money. A few necessary skills for B.Com Banking and Insurance graduates are:
B.Com Banking and Insurance syllabus encompasses 3 years and 6 semesters. The syllabus is composed of theoretical subjects dealing with Banking and Insurance. The purpose of the course is to create professionals who are skilled in accounting, banking, finance, and insurance. Some common B.Com Banking and Insurance subjects are Principles and Practice of Banking, Insurance Law and Practice, Business Management, Financial Accounting, Cost Accounting, etc.
B.Com Banking and Insurance syllabus focuses on studying banking, insurance and finance subjects. It introduces aspirants to a broad range of business concepts with prime focus on banking and insurance. B.Com Banking and Insurance 1st year subjects are mainly introductory, while b.com 2nd year subjects emphasize on learning core concepts. The syllabus for B.Com in Banking and Insurance is as given below:
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Semester I |
Semester II |
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Tamil I /Hindi I |
Tamil II / Hindi II |
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English I |
English II |
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Financial Accounting I |
Financial Accounting II |
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Principles and practice of Banking I |
Insurance law and Practice |
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Business management |
Principles and Practices of Banking II |
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Principles of Insurance Physical Education |
Financial Mathematics |
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Value Education |
Environmental Studies |
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Semester III |
Semester IV |
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Company Accounts I |
Company Accounts II |
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Business Economics |
Services Marketing |
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Legal Regulatory Aspects of Banking I |
Legal Regulatory Aspects of Banking II |
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Financial management |
E-Commerce & E-Business |
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Workshop on Numerical skills |
Workshop on Reasoning Skills |
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Campus Recruitment Training I |
Campus Recruitment Training II |
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Non-Major Elective |
Non-Major Elective |
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Institutional Training |
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Semester V |
Semester VI |
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Income Tax |
Management Accounting |
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Cost Accounting |
Auditing |
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Financial Statistics |
Business Communication |
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Business Environment |
Project |
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Campus Recruitment Training III |
– |
The syllabus of B.Com Banking and Insurance is designed to provide banking and insurance in-depth knowledge to students. The subjects focus on core finance and banking concepts with different electives available. Students study both core and elective subjects to make the three year-long program more flexible. B.Com Banking and Insurance subjects list is as follows:
B.Com Banking and Insurance course is designed in a core and elective subject pattern. The course is composed of six semesters. The course is structured in a way to give students an overall understanding of the banking and insurance sector keeping in mind the industrial relevance. B.Com Banking and Insurance subjects in the first year are mainly introductory like Principles and practice of Banking, Financial Accounting, etc. The graduates can opt for electives based on their specialization and areas of interest. The course structure is:
B.Com Banking and Insurance takes into account different teaching methods. Along with lectures and practical training, the students are skilled in elective subjects like E-commerce, Advertising, Service Marketing, etc. The teaching methodology is designed to offer expert training to all students in banking and insurance. Listed below are the teaching methodology and strategies in general:
B.Com Banking and Insurance projects are given to students for better understanding of the real-time work environment. Projects assist students in getting hands-on experience and training in industrial work. Projects ensure better learning and application of core concepts. Some popular banking and insurance projects for B.Com students are:
B.Com Banking and Insurance books are available both online and offline in many authors. Students must put money in reference books after proper introspection. Reference books are useful for better understanding of the subjects. Some Banking and Insurance related reference books are:
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Name of the Books |
Authors |
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Banking Law and Practice in India |
M L Tannan |
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Introduction to Banking |
Vijayaragavan Iyengar |
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Fundamentals of Risk and Insurance |
Emmett J. Vaughan, Therese Vaughan |
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Insurance – Principles and Performance |
Dr. Harish M. Chandarana |
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Banking Law and Practice |
P. N. Varshney |
