B.Com Banking Management is a 3-year full-time undergraduate course divided into 6 semesters. Financial bankers who meet the required eligibility norms can take the exam needed to earn the Certified Mortgage Banker credential issued by the Mortgage Bankers Association.
Know More About Banking Course
Read more about BCom.
Top Institutes offering this course are:
- Sir Padampat Singhania University
- Chandigarh University
- Manav Rachna International University
- University of Technology and Management
- Sandip University
- GD Goenka University
- Apeejay Stya University
- International College of Financial Planning
- Jain University
The average annual course fee in India ranges between INR 14,000 to 10 lacs, depending upon the institute offering the course.
For professionals working with loans, the Loan Review Certificate program offered by the Bank Administration Institute can be pursued.
Students seeking a career in the banking industry can complete a Bachelor's degree program in business administration. The average salary offered in India to successful graduates of the course ranges between INR 2 to 20 Lacs, depending upon the candidate’s expertise in the field.
B.Com Banking Management: Course Highlights
|Examination Type||Semester System|
|Eligibility||10+2 with Commerce subjects, with a minimum aggregate score of 50%.|
|Admission Process||Based on counseling after qualification of entrance test|
|Top recruiting organizations||TCS, Sutherland, HCL, DELL, CTS, CITY Bank, etc.|
|Top recruiting areas||Banks, investments, the insurance industry, savings and loan associations, and such.|
|Top job profiles||Accountant, Financial Advisor, Marketing Agent, Sales Representative, among others.|
|Course Fee||INR 14,000 to 10 lacs|
B.Com. Banking Management: What is it about?
The course offers to enrolled candidates knowledge of different aspects of Banking along with thorough understanding of the practical application of the theory.
It also provides advanced lessons in Business Communication, Business Economics Paper, Environmental Studies, Accountancy & Financial Management and Mathematical & Statistical Techniques.
The discipline is about concepts such as Risk-coverage or protection against various hazards of life, Financial contracts that bind two people to certain responsibilities which are known as Policy and Policy-holder and insurer relationship
The course offers to eligible candidates theoretical and application-based knowledge in the banking and financial sector. It also provides management and analytic skills to work with various financial tools, such as regulatory agencies and global markets along with lessons in lending finance, bank management, Investing, commercial, public and private banking and customer service skills
The course has been designed to create trained professionals who can handle various financial activities associated with Banking sectors and operate efficiently in the Banking environment in the financial service sector along with handling various technologies employed in the field of Banking.
B.Com Banking Management: Top Institutes
B.Com Banking Management: Eligibility
Listed below are the minimum criteria for eligibility that interested candidates need to fulfill in order to apply for the course.
- 10+2 education completed in the Science stream from a recognized educational board.
- Preferably, Commerce subject as the main subjects of study at the 10+2 level.
- A minimum aggregate score of 50% (45% for SC/ST/OBC candidates) at the 10+2 level.
B.Com Banking Management: Admission Process
Most institutes offering the course admit students based on their performance in a relevant entrance test. Admission process generally varies across colleges. However, a few institutes also provide direct admission based on the candidate’s performance at the 10+2 level and the same have been mentioned below.
Candidates are assessed based on the following parameters:
- General Awareness
- English Communication
- Logical Reasoning & Critical Thinking
- Quantitative Aptitude.
B.Com Banking Management: Syllabus and Course Description
A semester-wise breakup of the course’s syllabus is tabulated below.
|Semester 1||Semester 2|
|Hindi I||Hindi II|
|English I||English II|
|Financial Accounting I||Financial Accounting II|
|Principles and practice of Banking I||Insurance law and Practice|
|Business management||Principles and Practices of Banking II|
|Principles of Insurance
|Value Education||Environmental Studies|
|Semester 3||Semester 4|
|Company Accounts I||Company Accounts II|
|Business Economics||Services Marketing|
|Legal Regulatory Aspects of Banking I||Legal Regulatory Aspects of Banking II|
|Financial management||E-Commerce & E-Business|
|Workshop on Numerical skills||Workshop on Reasoning Skills|
|Campus Recruitment Training I||Campus Recruitment Training II|
|Non-Major Elective||Non-Major Elective|
|Semester 5||Semester 6|
|Income Tax||Management Accounting|
|Financial Statistics||Business Communication|
|Campus Recruitment Training III||-|
B.Com Banking Management: Who should opt?
Ideal candidates for the course would possess:
- Good communication skills.
- Ability to handle customers.
- Basic knowledge about the industry.
- Specialization in certain areas like credit appraisal skills.
- Skills to manage huge loan files and foreign exchange.
B.Com Banking Management: Career Prospects
B.Com Banking Management course imparts basic knowledge to students about trade and commerce practices in society and prepares a student for job opportunities in a wide variety of sectors. B.Com graduates can work in both public and private sectors and are fit to work in a variety of industries in roles like administration, hospitality, accounting, marketing, retailing, production planning etc.
Career options available after B.Com degree are endless. B.Com Banking jobs range from roles in Finance and Accounting, Banking Industry, Corporate Sector etc. Some of the sectors which employ B.Com degree holders are Banking, Media, BPOs, Tourism Industry, Hospitality, FMCG Telecom etc.
Some of the roles and areas of function for students with B.Com Banking Management are:
- Human Resource Department
- Network Marketing
- Promotion and Advertising
- Market Research
- Event Management
Individuals with a B.Com Banking Management degree can apply for many government vacancies. There are also jobs in public sector which require specific skills in accounting and statistics. Some of the jobs available in Public Sector are Bank Manager, Statistical Officer, Accountant, Indian Defense Accounts Services, Civil Services etc.
Some of the job profiles associated with B.Com Banking Management program are mentioned below:
- Financial Advisor
- HR Manager
- Account Executive
- Chartered Accountant
- Financial Analyst
- Tax Consultant
There is no dearth of job opportunities for candidates with Bachelor of Commerce degree. It is already established that B.Com Banking Management graduates can work in a wide variety of roles.
Some of the top recruiters for B.Com Banking Management graduates are:
- Infosys BPO
- Deutsche Bank
Candidates can check tabulated below numerous options available in the academic field after completion of B.Com Banking Management
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Accountant||Accountants perform administrative duties such as maintaining schedules, filing, providing telephone support, transcription and the production of forms. They may have additional responsibilities if employed by an accounting firm. They prepare tax returns and financial statements, and accounting firms represent clients on matters pertaining to their financial affairs.||2,64,000|
|Cashier||Cashiers help customers select the right product, much like retail sales workers. They greet customers as they enter the store, answer questions about products and assist in locating desired items and encourage the customer to buy the merchandise. Companies that sell more technical items may prefer a candidate with a high school diploma. The training is generally offered by the employer.||1,77,000|
|Loan counselor||A Loan Counselor works for a financial institution, processes a client's application materials, verifies the information and works with the client to come up with a financial plan. They explain the types and rate terms of loans available, and generate the legal paperwork necessary to complete the loan process. They also answer questions about existing loans and assist struggling clients by rescheduling payments or restructuring loans to help them remain solvent.||2,02,000|
|Financial Advisor||A Financial Advisor may also be called a Financial Planner. There may be no official requirements for financial advisors; employers prefer those who have a college education. Some degrees in business, accounting or finance are also recommended for those entering this field. Coursework in financial advising programs often includes retirement planning, investing tactics, and insurance.||4,24,000|