B.Com in Banking & Insurance

B.Com in Banking & Insurance
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You have many academic and career options after completing 12th from commerce stream. Crores of Indian students aspire to work in banking. As a fast growing sector with ever-increasing requirement of staff, banking attracts students coming from various professional specializations, especially commerce. Read this blog completely to know in detail about how to do banking course after 12th.

The industry of banking and finance is one of the most important parts of the Indian economy. Many people want to work in the bank but due to lack of proper guidance they are not able to work hard in the right direction. Banking courses are the best way to get a job in a bank. This course will provide you an in-depth knowledge of banking, finance, banking management, taxation, home loan, risk management. Let us tell you that in a banking course, a student can additionally understand the functions of the Federal Reserve.

B.Com in Banking & Insurance Required Skills

To become a good banker, one must have the following skills.

  • Analytical skills
  • Accounting skills
  • Commercial Awareness
  • Problem solving skills
  • Self-confidence
  • Technical skills
  • Financial reporting
  • Data management
  • Business intelligence
  • Financial modeling
  • Communication skills

Banking Course after 12th: Bachelor Degree Course

Since finance and banking are related to a specialized field of work, most of the banking courses offered both in Indian colleges and abroad are post graduate degree courses. For students aspiring to pursue a Bachelors degree in banking course after 12th, here are some options that they can opt for

  • BCom Finance
  • BA in Banking and Finance
  • BA in International Banking and Finance
  • BBA Hons. In Finance and Banking
  • B.Com in Banking and Finance
  • Bachelor of Business & Bachelor of Finance & Banking
  • BBA in Banking
  • BCom in Banking Management
  • BCom in Banking & Insurance
  • BCom (Hons.) in Banking & Insurance
  • BSc in Banking and Finance
  • MBA in Banking & Taxation
  • MBA in Banking and Finance
  • BCom in Bank Management
  • BCom in Banking & Insurance Management
  • BCom in Finance, Banking & Risk Management
  • MSc in Banking and Finance
  • Ph.D. in Banking & Finance
  • Master in Banking/Finance/Insurance

These are specialized undergraduate degree courses of 3 years duration and provide students an opportunity to choose specialized masters in the field of banking and finance. Apart from this, students graduating in finance and banking courses after 12th commerce are provided with the necessary skills to prepare for various banking exams like IBPS, SBI and RBI exams etc.

Banking Course after 12th - Diploma Course

The Aim of the diploma course is to provide practical, skill based knowledge to the students. Diploma programs in banking are generally designed for both 12th class students as well as graduates. Diplomas for undergraduate students range from one to two years depending on the institute offering the course. Here are some undergraduate diploma courses that you can avail to pursue banking courses after 12th

  • Diploma in Actuarial Science
  • Diploma in Banking and Finance
  • Diploma in Banking, Finance and Insurance
  • Diploma in Banking Laws
  • Diploma in Home Loan Advising
  • Risk Analyst
  • Business Analyst
  • Advanced Diploma Course in Banking Services
  • Diploma in Banking and Insurance
  • Diploma in Banking and Insurance Management
  • Advanced Diploma Urban Co-operative Banking
  • Diploma in Banking Management
  • Diploma in Banking Services
  • Post Graduate Diploma in Bank Management
  • Post Graduate Diploma in Banking
  • Post Graduate Diploma in (Banking & Financial Management)

Short Term Banking Course

You can see the list of short-term banking courses below

  • PG Certificate in Banking
  • PG Certificate in Banking and Finance
  • Certificate in Bank Analysis
  • Advanced Certificate in Commercial l Banking
  • Advanced Certificate in Banking Laws &Loan Management
  • Certificate Course in Banking Management
  • Certificate in Banking
  • Certificate in Rural Banking
  • Diploma in Banking Courses
  • Diploma in Banking And Finance
  • Diploma in Banking
  • Post-Degree Diploma in Global Banking and Economics
  • PGD ​​in Management in Banking, Insurance & Financial Service

International Banking Course

Banking Course after 12th

Below is the list of International Banking Courses:

  • Certified Public Accountant (CPA)
  • Chartered Financial Analyst (CFA)
  • Chartered Mutual Fund Counselor (CMFC)
  • FRM
  • Certified Financial Planner (CFP)
  • Chartered Alternative Investment Analyst (CAIA)
  • Certified Management Accountant (CMA)
  • BAT Course

Online Banking Course

The list of online banking courses is given below:

  • Economics of Money and Banking
  • Financial Markets
  • Digital Transformation in Financial Services
  • Financial Markets and Investment Strategy
  • Udemy Banking Credit
  • Analysis Process
  • Relationship Management in Corporate Banking
  • Digital Banking Accounting, Finance & Banking A Comprehensive Study
  • Foundation of Central Bank Law
  • Essential Career Skills for Investment Banking & Finance
  • Risk Management and Financial markets
  • Capital Markets
  • Alison Introduction to Managing Personal Finance Debts- Revised
  • Financial Freedom : A Beginner’s Guide

Baking courses offered by the bank

Many leading banks in India such as SBI, Axis Bank, Yes Bank and ICICI Bank offer certificate banking courses to individuals interested in advancing in their careers. Here are some courses in banking courses after 12th that you can do.

  • (CPGI) Certificate Program in General Insurance, SBI
  • (PGDRB) Post Graduate Diploma in Retail Banking, Axis Bank
  • (PGPBB) Post Graduate Program in Branch Banking Services, Yes Bank
  • Trade Finance Program by HDFC Bank
  • Probationary Officers Program Post Graduate Diploma in Banking (PGDB) by ICICI Bank

Banking Course Without Maths

Mathematics is often the main subject in all banking courses because the work of the bank is related to mathematics. But there are some banking courses which are done without Maths  

  • B.Com (Banking & Finance)
  • B.Com (Banking & Insurance)
  • B.Com (Banking Management)
  • B.Com (Finance)
  • B.B.A (Marketing)
  • Bachelor of Management Studies

Banking Course Syllabus

There are many banking courses available in India which include Bachelor, Diploma, Online, Certificate, Masters level courses. Some of the popular subjects taught in banking course are as follows

  • Banking Law
  • Financial Market in india
  • Financial Services Marketing
  • Business Policy and Strategic Management
  • Commercial Bank Management
  • Foreign Currency
  • Principles of Finance
  • Direct and Indirect Taxes
  • International Banking and Finance
  • Economics of Global Trade and Finance
  • modern Banking theory

World’s Top Universities for Banking Courses

There are many management institutes and colleges abroad that offer undergraduate courses in banking and finance, mainly BBA, BBM and B.Com. First of all, the list of top universities and colleges abroad for doing banking courses after 12th is given below

  • Continental College of Applied Arts and Technology, Canada
  • Monash University, Australia
  • London Business School, UK
  • Carleton University, Canada
  • University of Adelaide, Australia
  • Kent State University, USA
  • Cardiff University, UK
  • Singapore Institute of Management, Singapore
  • University of Reading, UK
  • Griffith University, Australia
  • University of Birmingham, UK
  • University of Nottingham, UK

Top Universities in India for Banking Course

Know about the top universities and colleges in India from where you can do banking courses after 12th  

  • Narsee Monjee Institute of Management Studies (Mumbai)
  • Bharati Vidyapeeth Institute of Management, Entrepreneurship Development (Pune)
  • University of Petroleum and Energy Studies (Dehradun)
  • NIMS University (Jaipur)
  • Chandigarh University (Chandigarh)
  • Chitkara Business School (Patiala)
  • AIIMS Institute (Bangalore)
  • Sharda University School of Business Studies
  • Amity University (Gurgaon, Mumbai)

B.Com in Banking & Insurance Qualification

Some of the general eligibility for taking banking course admission after 12th are as follows

  • Candidates must have passed 10+2 with First Division in any stream from a recognized board.
  • University gives admission on the basis of merit list.
  • Most universities abroad require SAT scores for bachelors and GRE scores for masters courses.
  • IELTS or TOEFL test scores are required as proof of English proficiency for admission to foreign universities.
  • SOP, LOR, CV/Resume and Portfolio also need to be submitted for studying in foreign universities.

B.Com in Banking & Insurance Application Process

  • The application process for admission in foreign universities is as follows-
  • The first step in your application process is to choose the right course, for which you can shortlist your preferred courses with the help of AI Course Finder.
  • After getting in touch with the experts, they will initiate your application process across multiple universities through a common dashboard platform.
  • Now you have to collect and organize all your documents like SOP, Essay Certificates, LOR and required test scores like ELTS, TOEFL, SAT, ACT etc.
  • If you have not yet prepared for your IELTS, TOEFL, PTE, GMAT, GRE etc exam which is definitely an important factor to study abroad, you can join Leverage Live classes. These classes can prove to be an important factor for you to score high in the test.
  • After submitting your application and all required documents, the experts will start the application process for accommodation, student visa and scholarship/student loan.
  • Now you have to wait for the offer letter. Which may take about 6 weeks or more. Now after accepting your offer letter and paying the required semester fee, this is the last step of your application process.

The application process in Indian universities is as follows

  • First of all register by visiting the official website of the selected university.
  • Now after registering in the university website, you will get the username and password.
  • Then after login to the website, select your course which you want to do.
  • Now fill the application form with educational qualification, category etc.
  • After that submit the application form and pay the required application fee.
  • If the admission is based on the entrance test, first register for the entrance test and then wait for the counseling after the result. You will be selected on the basis of entrance exam marks and list will be issued.

B.Com in Banking & Insurance Required Documents

Below is a list of some of the required documents

  • Official Academic Transcripts
  • Scanned Passport Copy
  • IELTS or TOEFL, required test scores
  • Professional/Academic LORs
  • SOP
  • Essay (if required)
  • Portfolio (if required)
  • Updated CV / Resume
  • A passport and student visa
  • Bank Statement

Scope in Banking Course

After completing the banking course after 12th, you can explore many possibilities in the financial and banking industry. Below is a list of some popular job profiles

  • Financial Accountant
  • Financial Analyst
  • Portfolio/Fund Manager
  • Auditor
  • Budget Analyst
  • Loan Officer
  • Commercial Banker
  • Bank Manager
  • Branch Manager
  • Mortgage Banker

World’s Top Recruiters

  • Credit Suisse
  • Morgan Stanley
  • Bank of America Global Wealth & Investment Management
  • J.P. Morgan Private Bank
  • Citigroup
  • UBS
  • Deutsche Bank
  • Goldman Sachs
  • Citi Private Bank

Main Recruiting Banks (India)

B.Com in Banking & Insurance Required Skills
  • SBI
  • Bank of India
  • South Indian Bank
  • Bank Of Maharashtra
  • City Union Bank
  • ICICI Bank
  • Union Bank of India
  • Punjab National Bank
  • Indian Bank
  • Central Bank Of India
  • Vijaya Bank
  • Indian Overseas Bank
  • UCO Bank
  • IDBI Bank
  • HDFC bank
  • Punjab And Sind Bank

Banking Entrance Exam for PSUs

Below is a list of Banking Entrance Exams

  • SBI PO
  • SBI SO
  • SBI Clerk
  • IBPS PO (CWE PO/MT)
  • IBPS SO (CWE SO)
  • IBPS Clerk (CWE Clerical)
  • IBPS RRB (CWE RRB)
  • RBI Officer Grade B
  • RBI Officer Grade C
  • RBI Office Assistant
  • NABARD

Career and Salary in Banking

Banking in India is one such career option that offers high salary packages and job security. Career in banking is full of benefits as it is financially beneficial and offers other benefits like insurance, rent allowance, personal loan along with salary at low rates. With fixed working hours and bountiful public holidays, banking is full of opportunities for high level managerial positions after gaining professional experience.

Job Profile

Salary

Bank Clerk

INR 2.9 lakh per year and above

Probationary Officer (PO)

INR 7 lakh per year and above

Specialist Officer

INR 7 lakh per year and above

Branch Manager 

INR 7 lakh per year and above

Investment Banking

INR 9 lakh per year and above

Financial Advisor

INR 6.63 Lakh per annum and above

Financial Analyst

INR 4 lakh per year and above

Insurance Agent

INR 2.5 lakh per year and above

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