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MBA Banking & Insurance: Admission 2025, Syllabus, Eligibility, Colleges, Careers

Dharti Bhadla's profile picture

Updated on Jun 20, 2025

Dharti Bhadla

MBA Banking & Insurance is a 2-year postgraduate program designed to equip individuals with the knowledge and skills needed for leadership roles in the banking and insurance sectors. The program focuses on core business management principles with specialized training in areas like financial analysis, risk management, and regulatory frameworks specific to these industries.

 

Eligibility criteria for MBA Banking & Insurance is to obtain 50% in bachelor's degree, preferably in Commerce stream. However, candidates from other backgrounds can also apply. Admission is primarily based on common entrance exams like CAT, XAT, or institute-specific exams and personal interview rounds.

 

MBA Banking & Insurance can be pursued at D.Y. Patil University, Amity University, Parul University, UPES Online, MAHE Online, etc.These colleges offer both on-campus and online learning with flexible timing. The course fee ranges between INR 5 to 10 Lakhs for regular, on-campus MBA programs.

 

MBA Banking & Insurance jobs are generally associated with Financial consultancy firms, life insurance agencies, and Banking sector. Graduates can earn around INR 4 to 8 LPA based on their job role & responsibilities.

 

Table of Contents

  1. MBA Banking & Insurance Key Highlights
  2. What is an MBA in Banking & Insurance?
  3. Why Study MBA Banking & Insurance
  4. Who should study MBA Banking & Insurance?
  5. MBA Banking & Insurance Eligibility Criteria
  6. MBA Banking & Insurance Entrance Exams
  7. MBA Banking & Insurance Colleges in India
  8. MBA Banking & Insurance Admission Process
  9. MBA Banking & Insurance Syllabus
  10. MBA Banking & Insurance Job Opportunities in India
  11. MBA Banking & Insurance FAQs

 

MBA Banking & Insurance Key Highlights

The key highlights of MBA Banking & Insurance are tabulated below.

Particulars

Details

Course Name

Master of Business Administration in Banking & Insurance

Course Level

Postgraduate

Duration

2 years

Course Type

Full-time, Part-time, Distance Learning, Online (availability varies by institution)

Admission Process

Based on CAT, MAT, GMAT, CUET PG, etc, exams

Eligibility Criteria

50-60% in UG from a recognised university

Course Fees

On-campus programs: INR 5 to 10 Lakhs

 

Online programs: INR 2 to 4 Lakhs

Top Colleges

International Management Institute (IMI) Delhi, IFMR Graduate School of Business (GSB) Sri City, ICFAI Business School Hyderabad, DY Patil University, Amity University, Parul University, etc.

Job Profiles

Financial Analyst, Credit & Risk Manager, Investment Banker, Insurance Manager, Relationship Manager, Loan Counsellor, Sales Officer, Compliance Officer, Accounting Manager, Treasury Manager, etc.

Top Recruiters

ICICI Bank, HDFC Bank, SBI, Axis Bank, ICICI Prudential Life Insurance, Tata AIG Life, Reliance Life Insurance, Birla Sun-Life, etc.

Average Salary in India

Entry-Level (0-2 years): INR 4 to 8 LPA

 

Mid-Level (2-5 years): INR 5 to 12 LPA

 

Senior-Level (5-10 years): INR 15 to 30 LPA

 

What is an MBA in Banking & Insurance?

MBA Banking & Insurance is a specialised master degree program focusing on financial services.

  • It covers core banking operations, insurance principles, and risk management.
  • It integrates general management with industry-specific financial knowledge.
  • The curriculum of MBA Banking & Insurance prepares professionals for diverse roles in the BFSI sector as it involves projects based on real challenges of banking business.
  • The program provides in-depth learning under supervision of industry leaders during internships.

 

Why Study MBA Banking & Insurance

Perks of studying MBA BAnking & Insurance are as follows;

  • It addresses the growing demand for skilled professionals in a booming sector.
  • It provides specialized knowledge and practical skills for financial careers.
  • The program opens doors to high-growth job profiles with competitive salaries.
  • Graduates get opportunities for leadership and strategic roles in finance.
  • It is possible to pursue MBA Banking & Insurance in Online and flexible Learning mode, ensuring you balance both job and education.

 

Who should study MBA Banking & Insurance?

MBA Banking & Insurance is a perfect choice for graduates with a keen interest in finance, banking, and insurance.

  • Working professionals seeking career advancement should pursue Online MBA Banking & Insurance from Distance Learning mode.
  • Individuals aiming for roles in financial analysis, credit, risk, and wealth management will find this program as an ideal fit for them.
  • Those aspiring to understand the intricacies of the financial landscape must study MBA Banking & Insurance to excel in this field..

 

MBA Banking & Insurance Eligibility Criteria

MBA Banking & Insurance eligibility criteria includes a minimum of 50% in bachelor’s degree from a UGC-recognised university.

  • Commerce background is preferred for this program.
  • However, some universities grant admission to candidates with other backgrounds as well.
  • Qualifying national or state-specific common entrance exams is required as admission based on entrance exam merit as well as performance in PI and GD rounds.

 

MBA Banking & Insurance Entrance Exams

Admission to MBA Banking & Insurance is primarily based on CAT or other State-specific common entrance exam. Students can also consider MAT, CMAT, CUET PG, etc, for admission in MBA Banking & Insurance.

Exam Name

Application Date

 

(Tentative)

Exam Date

 

(Tentative)

Application Fee

CAT 2025

August 2 - September 21, 2025

November 30, 2025

INR 2,500 (General/EWS/NC-OBC), INR 1,250 (SC/ST/PwD)

MAT 2025

Multiple sessions throughout the year.

Multiple sessions throughout the year.

INR 2,200 (for one session), INR 3,800 (for two sessions)

CMAT 2026

November - December 25, 2025

January 25, 2026

INR 2,500 (General), INR 1,250 (EWS/OBC-NCL/SC/ST/PwD/Female)

GMAT 2025

Rolling admissions; can apply and schedule anytime.

Available throughout the year, multiple slots daily.

-

LPUNEST 2026

Multiple phases throughout the year.

Multiple phases throughout the year.

INR 1,000 (Soft Copy Kit for boys & girls), INR 1,500 (Printed Kit for boys & girls). Female candidates may have a lower fee in some phases.

CUET PG 2026

January - February, 2026

March - April, 2026

NR 1,400 (General - for up to 2 papers), INR 1,200 (OBC-NCL/Gen-EWS - for up to 2 papers), INR 1,100 (SC/ST/Third Gender - for up to 2 papers), INR 1,000 (PwBD - for up to 2 papers).

 

Additional fees for more papers.

 

MBA Banking & Insurance Colleges in India

MBA Banking & Insurance is offered by most Business Management Schools in India. Some of the universities offer integrated MBA programs in Banking & Insurance or Finance. Here are the best MBA Banking & Insurance or MBA in Banking & Financial Services colleges for your reference.

College Name

Average Course Fees

NIRF Ranking 2024

 

(Management)

Intake Exams

Alagappa University

INR 30,000

47 (University)

UG merit

UPES Online

INR 4,45,500

41

UG merit

Symbiosis Institute of Business Management (SIBM), Pune

INR 24,90,000

13

SNAP

Parul University

INR 2,00,000

101-150 (University)

50% in 10+2 (integrated BCom-MBA Banking & Insurance)

Amity University, Noida

INR 3,00,000

32 (University)

MAT, GMAT, CMAT

D.Y. Patil University

INR 19,00,000

44 (University)

UG merit and common entrance exam scores

 

MBA Banking & Insurance Admission Process

Admission to MBA Banking & Insurance is based on merit of common entrance exam or institute-specific exam, PI, and GD performance.

 

Application is generally online for most universities. Aspirants are advised to go through the admission guidelines and selection criteria before applying to any institute.

 

Here is a step-by-step explanation of the MBA Banking & Insurance admission process followed by Amity University, Noida.

 

Step 1. Go to the official website of Amity University, Noida Campus https://amity.edu/course-details.aspx?fd=FzNymoX3dH0=&cfn=69Ypqdy75hL3V/L3EF+nvA==&CD=69Ypqdy75hL3V/L3EF+nvA==

 

Step 2. Scroll down and click on “Apply Now” button given below the fee structure tab.

 

Step 3. IT will direct you to the registration tab. Register yourself for a new application.

 

Step 4. Post registration, log in to open an application form. Fill out the form with required information such as educational, personal, and contact details. Also, upload all required documents (original copies).

 

Step 5. Select the program as “MBA Banking & Insurance” from the PG program category.

 

Step 6. Make application payment to submit your candidature.

 

Step 7. Amity University will verify your application and prepare a merit list of shortlisted students. You will receive a confirmation email, if shortlisted for further PI/GD rounds.

 

Step 8. After final selection, you will have to make payment of tuition fees to confirm your seat.

 

Documents Required:

  • Original Marksheet of 10th and 12th grade, Graduation certificate
  • School Leaving Certificate
  • Caste Certificate (if applicable)
  • Birth Certificate
  • ID Proof (Aadhar/ PAN/ Passport)
  • Passport-size Photograph
  • Entrance Exam Score Card

 

MBA Banking & Insurance Syllabus

MBA Banking & Insurance syllabus typically includes core management subjects like finance, marketing, and operations, alongside specialized courses in banking, insurance, and financial services.

 

The table below details a semester-wise MBA Banking & Insurance syllabus followed by Amity University.

Semester 1

Semester 2

Principles and Practices of Banking

Fintech & Insurtech

Principles and Practices of General Insurance

Principles and Practices of Life Insurance

Treasury Management in Banks

Security Analysis and Portfolio Management

Accounting for Managers

Business Research Methods

Financial Markets & Institutions – Structure and Operations

Financial Management

Managerial Economics

Human Resource Management

Marketing Management

Legal Aspects of Business

Organizational Behavior

Operations Management

Statistics for Management

Cognitive Analytics & Social Skills for Professional Development

Professional & Business Communication

Foreign Business Language

Foreign Business Language

Open Elective Course

Open Elective Course

Outdoor Activity Based Course

Outdoor Activity Based Course

-

Semester 3

Semester 4

Summer Internship

Dissertation

Professional Ethics and Social Responsibility for Sustainability

Digital Banking

Foreign Business Language

Financial Planning & Wealth Management

Open Elective Course

Marine Insurance

Outdoor Activity Based Course

Miscellaneous & Agriculture Insurance

-

Reinsurance

-

Trade Finance and Liquidity Management

-

Management in Action

 

MBA Banking & Insurance Job Opportunities in India

MBA Banking & Insurance jobs are tabulated below with potential recruiters, required experience, and salary range. Graduates can find jobs as Insurance analyst, Credit & Risk manager, Financial analyst, PR manager, etc.

Job Title

Recruiters

Experience Level

Average Salary (INR)

Financial Analyst

HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, Kotak Mahindra Bank

Entry-Level (0-2 years)

4 - 8 LPA

Credit & Risk Manager

General Insurance Corporation (GIC), ICICI Prudential Life Insurance

Entry-Level (0-2 years)

5 - 9 LPA

Investment Banker/Associate

JP Morgan, Goldman Sachs, Morgan Stanley, Bank of America

Entry-Level (0-2 years)

8 - 15 LPA

Relationship Manager (Banking/Insurance)

LIC, ICICI Prudential Life Insurance

Entry-Level (0-2 years)

4 - 7 LPA

Insurance Manager

ICICI Prudential Life Insurance, Tata AIG Life, Max New York Life

Entry-Level (0-2 years)

4 - 7 LPA

Investment Banking Analyst/Associate

Tier 1 Investment Banks, Boutique Investment Banks

Mid-Level (2-5 years)

12 - 25 LPA

 

MBA Banking & Insurance FAQs

Is Online MBA Banking & Insurance valid?

Yes, an online MBA in Banking & Insurance is valid for jobs and treated equivalent to that of regular on-campus MBA programs. The degree must be obtained from a UGC-DEB recognised university. Graduates or working professionals can pursue online MBA to maintain their other professional or personal commitments and still excel in Banking, Insurance, and Finance services with an online MBA Banking & Insurance degree.

Can BA graduates pursue MBA Banking & Insurance?

While BBA or BCom is the most preferred UG degree to pursue MBA in Banking & Insurance, many universities admit students with other equivalent degrees. BA graduates can pursue the course if they have qualified CAT, MAT, GMAT, or other MBA entrance exam. They have to gain a strong knowledge of Commerce fundamentals like economics, management, finance, accounting, etc.

Is MBA Banking & Insurance the same as MBA Banking & Finance?

No. Although both MBA Banking & Insurance and MBA Banking & Finance cover finance-related topics, they have distinct focuses. The former is a specialized program focusing on banking operations and insurance practices, while the latter offers a broader perspective on finance, including areas like investment management and corporate finance.

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