All you need to know about BCom in Banking and Finance.

All you need to know about BCom in Banking and Finance.

BCom in Banking and Finance is a three-year undergraduate course. This course trains students about modern-day banking and technologies as well as finance and insurance regulations.

This course is the highly preferred course if the student is interested in working in financial institutions like banks, insurance agencies, share markets, etc.

The primary motive of this course is to specialize in the banking and finance industry and help students to know the in-depth knowledge about the various concepts in this field.

Eligibility:

1. A student who has cleared 10+2 from recognized school and university with a minimum 50% score is eligible for this course.
2. You need to have scored more than the minimum cut-off percentage of the college you are applying to.
3. This minimal cut-off percentage score is completely dependent on the college or university.
4. The eligibility criteria completely depend upon the cut off of the particular college you are opting for.

BCom in Banking and Finance Subjects:

The BCom in Banking and Finance Subjects are closely related to modern-day banking and finance concepts.

The BCom in Banking and Finance subjects  are as follows:

Sem 1:   

1. Environment and Management of Financial Services
2. Principle of Management
3. Effective Communication I
4. Economics I (Micro)
5. Quantitative Methods I
6. Introduction to Computer Systems

Sem 2:

1. Principles and Practices of Banking and Insurance
2. Financial Accounting
3. Effective Communication II
4. Economics II (Macro)
5. Quantitative Methods II
6. Business Law

Sem 3:

1. Laws Governing Banking & Insurance
2. Financial Management I
3. Management Accounting
4. Customer Relationship
5. Information Technology in Banking & Insurance
6. Organizational Behaviour
7. Taxation of Financial Services

Sem 4:

1. Universal Banking
2. Financial Management II
3. Innovations in Banking and Insurance
4. Corporate Law and Laws Governing Capital Markets
5. Entrepreneurship Management
6. Financial Markets
7. Cost Accounting of Banking & Insurance

Sem 5:

1. Marketing in Banking & Insurance
2. Financial Services Management
3. International Banking & Finance
4. Financial Reporting and Analysis
5. Security Analysis and Portfolio Management
6. Auditing

Sem 6:

1. Marketing in Banking & Insurance
2. Financial Services Management
3. International Banking & Finance
4. Financial Reporting and Analysis
5. Security Analysis and Port Management
6. Auditing

Job Opportunities

1. Students who want to end up in the banking sector should take up banking and insurance as their specialization.
2. The job profile of a Banking and insurance specialization Credit and Risk Manager, Insurance Manager, Lecturer/Teacher. 
3. The BCom in Banking and Finance scope has been increasing in various MNCs, nationalized banks as well as share markets.
4. The students can also pursue various professional course like CA or CS after graduation
5. Apart from graduation, there are various certifications courses like CFP and CFA.
6. The fresher who has just graduated from this course has the starting salary of 3-4 lakh from annum.
7. The students can also give government banking exams like SBI Clerk, IBPS PO, IBPS Clerk, IBPS RRB.
8. There are also chances that you might end up becoming an equity research analyst, account manager, or market analyst.
9. Equity research analyst is a person who analyzes stocks and shares of the client and gives future predictions and recommendations about the stocks. The salary of the equity research analyst is 4-5 lakh per annum.
10. An account manager is a person who manages the accounts of the customer and maintains their daily working relationship with them. The salary of an account manager is 5-6 lakh per annum.
11. A market analyst is a person who analyses the daily changes in the market and makes the report. The salary of a market analyst is 4.5 lakh per annum.

Top BCom in Banking and Finance colleges in India:

1. Jai Hind College, Mumbai
2. St. Xavier’s College, Mumbai 
3. Christ University, Banglore
4. K.P.B Hinduja college of arts and commerce, Mumbai
5. K J Somaiya College of arts and commerce, Mumbai

The fees of this course differ from college to college, but minimum fees are approximately INR 15000 to 300000.

The top recruiting companies for BCom in Banking and Finance are as follows:

1. Banks
2. Business Schools
3. Credit organizations
4. Consultancies
5. Economic consulting jobs
6. Indian civil services
7. health departments
8. Insurance industry
9. the securities industry and investments
10. Mortgage agencies etc.

Banking and finance industries have evolved over the years, there have been major changes in terms of rules and regulation. People find more career options in this industry compared to other industries.

I hope the above information helps you in taking your career decisions. Good Luck.