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Updated at : November 24, 2023
Online MBA In Banking and Insurance
An online MBA in Banking and Insurance is a 2 years postgraduate course that specializes in the management of the banking and insurance domain. This course has been declared by the UGC-DEB as being a valid degree to be delivered through online learning mode. The course focuses on the holistic development of the students to take up challenging managerial roles in the Banking and insurance sector.Watch Video
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Universities
2
Duration
2 - 4 Years
Eligibility info
Graduation or Equivalent
Banking and Insurance is one the top sectors when it comes to job security and longevity. The jobs in the field are numerous as well as diverse. Management in this sector becomes an even better option as it offers better-paid roles and positions in top corporations, insurance agencies, financial firms and banks.
An online MBA in Banking and Insurance gives you the opportunity to further your knowledge and skills in this domain to develop a successful managerial career. Being a PG degree course, it consists of 4 semesters spread across a period of 2 years during which students indulge in a number of interactive lectures, case studies, research, projects and discussions so that they are able to develop themselves professionally. An MBAs online course, being a flexible learning course, confers the additional advantage to students to intern/work or explore their professional opportunities alongside studying.
Online MBA in Banking and Insurance Key Highlights
- An online MBA in Banking and Insurance is approved by the UGC-DEB as being a degree of equal value to an offline/regular MBA.
- Any candidate with a Bachelor’s degree (in any stream) from a recognized university with at least 45% to 55% aggregate marks is eligible to apply to this course.
- The course curriculum is updated and industry-oriented and helps learners develop a deep understanding of management, specifically in Banking and Insurance.
- Usually there is no entrance exam to get admission in the online MBA in Banking and Insurance. However, some universities might decide to conduct a basic screening procedure as per their own admission policies.
- The average course fee for this online MBA program in Banking and Insurance is approximately between INR 1,00,000 to INR 1,50,000.
- The duration of this postgraduate program is 2 years with 4 semesters of six months each.
Online MBA in Banking and Insurance Subjects
The online MBA in Banking and Insurance is a 2 year postgraduate degree course divided into 4 semesters. Given below is a general syllabus for all 4 semesters. The syllabus in the first two semesters is similar to that of General MBA. The specialisation specific topics are taught in the last two semesters.
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Semester I |
Semester II |
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Corporate Finance Essentials |
Creativity & Entrepreneurship |
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Economics for Decision makers |
Market Research |
|
Quantitative Techniques for Management |
Marketing Management |
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Strategic Human Resource Management |
Professional Competency |
|
- |
Strategic Management |
|
Semester III |
Semester IV |
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Credit Evaluation |
Essentials of Risk Management |
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Monitoring and Recovery Management |
Retailing and CRM |
|
Project Management |
Dissertation |
|
Infrastructure development and Financing |
- |
Eligibility Criteria for Online MBA in Banking and Insurance
- The applicant should have a bachelor’s degree from a recognized higher education institution.
- The applicant should have scored a minimum of 45% to 55% aggregate marks or an equivalent grade in graduation.
- Working professionals from relevant fields can also apply for the online MBA in Banking and Insurance course.
Duration for Online MBA in Banking and Insurance
The online MBA in Banking and Insurance is a professional postgraduate degree course of a duration of 2 years. There are a total of 4 semesters of six months each. The students have to work on and submit either a project or a dissertation in their final semester.
Other Types of MBA Also Available
| Online MBA for Working Professionals | MBA Global Online |
| MBA Dual Specialization Online | MBA Distance Learning |
Fees for Online MBA in Banking and Insurance
The average course fee range for an online MBA in Banking and Insurance ranges approximately between INR 1,00,000 to INR 1,50,000. Most universities which offer this online or ODL MBA in Banking and Insurance to students also provide financial support features such as EMI for fee payment, fee concessions/scholarships and educational loans.
Admission Procedure for Online MBA in Banking and Insurance
All the steps for the admission procedure of the online MBA in Banking and Insurance are described below.
- Go to the official website of the university where you seek admissions.
- Register yourself on the website as a new user and log in to fill the application form.
- After filling your details in the application form, upload all the necessary documents in the digital format.
- If there is a registration fee, then pay the fee online and submit the application form.
- After this, you need to pay the academic fee for the course to secure your seat.
- After successful payment of the academic fee, you will receive your student ID and other enrollment details like your login credentials.
Other Online MBA Course specialization 2024
Career Opportunities after Online MBA in Banking and Insurance
Online MBA in Banking and Insurance might sound like a course for jobs only in the banking sector. However, this is not the case. Since it is a management course, you get job opportunities in various public and private insurance and finance firms, apart from banks. Even top companies and corporate firms from all other sectors hire graduates in banking and insurance management to manage the accounts and finances of their organizations.
The jobs you get after completing your online MBA in Banking and Insurance degree are highly reputed, well-paid, and secured as well. Therefore, the future scope of a career in this field is wide and prosperous.
Some of the popular job roles after the online MBA in Banking and Insurance are given in the table below:
- Investment Banking Analyst
- Credit Analyst
- Equity Manager
- Insurance Investigator
- Insurance Claims Adjustor
- Business Consultant
- Investment Banking Associate
Top Hiring Firms for Online MBA in Banking and Insurance
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HDFC |
IBM |
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Axis Bank |
Renault |
|
Royal Bank of Scotland |
Concentrix |
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TATA Consultancy Services |
Wipro |
|
Reliance |
PNB MetLife |
Let's clear up some doubts about Online MBA in Banking and Insurance
The minimum eligibility criteria for online MBA in Banking and Insurance is a Bachelor’s degree in any discipline from a recognized university with a minimum of 45% to 55% aggregate marks.
The academic fee for the online MBA in Banking and Insurance may vary across universities and colleges. However, the average fee ranges between INR 1,00,000 to INR 1,50,000 for the full course.
Yes, the duration for the online MBA in Banking and Insurance is 2 years, which is the same as that of the offline course. The maximum period of course completion in the case of an online MBA (Banking and Insurance) is 4 years.
After pursuing the online MBA in Banking and Insurance course, you will be able to get jobs in fields like investment banking analysis, credit analysis, insurance investigation, equity management, business consultancy, and alike. Job scope is available in both private and public domains in top companies, corporate firms, banks, financial firms and insurance companies. The jobs are handsomely paid as well.
Yes, as per the guidelines from UGC-DEB regarding online and ODL education in India, an online MBA in the specialization of Banking and Insurance is completely valid and also equal in value and credibility to a regular MBA course.
No, most of the universities that offer this course in the online or ODL mode do not conduct any entrance examinations for admissions. They complete admissions mainly on the basis of eligibility criteria.
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