BBI Course

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BBI Course

The banking and finance industry has transformed into a virtual spine of the 21st-century global society and a growing number of people are starting to see and feel the power that finance has to influence our lives. Hence there is a growing demand for professionals who understand the challenges of the industry. Bachelors in Banking and Insurance or the BBI course is what prepares and equips these professionals to solve our banking problems and worries. Here is all the information that you will need to pursue a BBI course.   

Course Highlights

Name of the Course BBI 
Full Form Bachelor of Banking and Insurance
Duration  3 Years
Basic Eligibility Qualification of 10+2 Examination
Study Level Undergraduate
Average Salary 3-5 Lakh per Annum
Employment Opportunities Commercial Banks, Investment Banks, Venture Capital Industry, Corporate Finance, Private Equity, etc. 

BBI Course: Overview

Spanning across a duration of 3-3.5 years, Bachelor of banking and insurance (BBI) aims to impart students with strong foundational knowledge in the field of Banking, Finance, Insurance as well as other related fields like Business Communication, Insurance Law, Accounting etc. You will not only learn the theoretical aspects of the subjects but will be equipped with various practical applications of new banking policies, various regulatory acts in insurance, market reforms, and much more. The major focus on the theoretical front will be easily neutralized through interesting and interactive case studies as well as industry visits. Walking out of the BBI course, you will be able to tackle the challenges of the business world, using your core knowledge of two very important sectors of the domain- Banking and Insurance.

Eligibility Criteria

There are certain prerequisites you must fulfil to apply for the BBI course or a bachelor’s degree in Banking and Insurance and related field. Though the actual course requirements vary as per the program and university, here is the general eligibility criteria for the BBI course and its equivalent:

  • The applicant must have completed 10+2 or its equivalent from a recognised board.
  • If you are aiming to apply to Indian universities and colleges, you might be required to qualify university entrance exams like Chandigarh University Entrance Test, Naree Monjee College of Commerce & Economics Entrance Exam, etc.
  • For those planning to study abroad, the universities generally require SAT scores along with English Proficiency Test scores of IELTS/TOEFL, etc. as well as a Statement of Purpose (SOP) and Letters of Recommendation (LORs).

Subjects Covered in BBI Course

There are certain core subjects and components that are fundamental to the understanding of BBI, here is a brief analysis of the key components of this course:

  • Principles of Management
  • Insurance
  • Customer Relationship
  • Investor Relations
  • Financial Markets
  • Investment and Portfolio Management
  • Cost Accounting
  • Banking Laws
  • Organisational Behaviour
  • Management Accounting
  • International Banking
  • Business Ethics and Communication
  • Financial reporting and Analysis

Some of these subjects have been detailed in the following sections:

Principles of Management

This subject deals with management principles that help an organisation to run smoothly. Some of them are planning, organising, directing, cooperation, etc. It is one of the most important subjects of the programme and professors stress a lot at its mastery.

Insurance 

The insurance industry has become a wheel of the finance world. It has certain fundamental concepts that need to be learned and exacted by all future professionals. Here principles of indemnity, utmost good faith, insurable interest, double insurance, proximate cause, and subrogation are taught along with the history of industry laws and other essential topics.

Customer Relationship

Customers are the heart and soul of any company. They give the all-important impetus for a company to grow and progress. For this, they need people who know how to deal efficiently with customers and their grievances. 

Investor Relations

Almost as important as it is to maintain cordial relationships with customers you must know how to maintain good relations with the investors of a company. In this course, you will be taught how to strike a balance between profit/ wealth maximisation as well as good relationships with investors.

Financial Markets

Every banking and insurance professional needs to have the knowledge of financial markets, its products, local financial regulation, recent changes and developments and much more. This is where you get to know the insides of the financial services industry and how it is run.

Top Universities Offering Bachelor’s Degree Courses in Banking and Insurance

There are a number of universities that offer BBI course, here is a list of some of those universities:

  • Cass Business School, City University of London

Sir John Cass Business School forms part of City, University of London. It is one of the world’s elite and London’s best business school. It is concurrently accredited by the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA) and the European Quality Improvement System (EQUIS), commonly known as the triple crown accreditation.

It offers BSc. Banking and International Finance(Hons) degree, a four-year degree will gear you for a career in the banking and finance industry. It is a highly flexible course where international finance is also taught which makes the overall appeal all the more exciting. They also offer finance and investment and financial risk management specialization.

  • Wisconsin School of Madison, University of Wisconsin-Madison

This school was founded in 1990 and is amongst the earliest business programs in America. It boasts of a diverse and conducive academic environment that helps students to grow and develop.

The Bachelor of Business Administration program specialisation in Business: Finance, Investment, and Banking is a well-curated program that focuses on making students professionals in the industries of corporate finance, commercial banking and financial markets. The school also focuses on career exploration and counselling. 

  • Terry School of Business, University of Georgia

The Bachelor of Business Administration in Risk Management and Insurance is one of the topmost programs in all of the United States. It imparts an all-rounded approach where theoretical knowledge, as well as practical applicability, is given the utmost importance. Concepts of risk, its components and how it plays in the industry of insurance are focused upon within coursework. Commercial insurance, liability insurance, employee benefits, economic risk management are some of the major focus areas. The university also helps with internships and other placement services. 

  • Barney School of Business, University of Hartford

The undergraduate program in Risk Management and Insurance at the Barney School of Business at the University of Hartford is a one-of-its-kind program. Its curriculum focuses on a demand-based approach which will teach you how to deal with risk practically role-playing industry situations.

Apart from the aforementioned universities, here are some other universities which offer BBI courses or other related courses in the same field-

Qualifications That Can be Undertaken Alongside the BBI Course:

Chartered Financial Analyst (CFA)
CFA is a three-level certification offered by the CFA Institute in America. A candidate needs to clear all three levels and gain professional experience after which the CFA charter is successfully conferred upon the candidate. It is one of the world’s toughest exams which comprises of concepts related to finance, investment and banking.

To know more, check out CFA Course!

Financial Risk Management
FRM is a Global Association of Risk Professionals or GARP-offered certification that tests a student’s understanding of core financial analysis and modelling concepts. It is based on testing the in-depth knowledge of how finance operates.

Certified Public Accountant (CPA)
AICPA or the American Institute of CPAs confers the Certified Public Accountant certification. It is a much-coveted certification throughout the world. It tests candidates on Auditing, business environment, financial accounting and reporting, and regulation all of which are four-hour papers that needs to be completed within 18 months.

Industries to Explore after BBI Course

Graduates in BBI course venture into different industries which suit their interests all of which offer great career prospects. Here is a list of few job profiles that you can explore:

  • Investment banking
  • Corporate Finance
  • Commercial Banking
  • Hedge Fund Opportunities
  • Private Equity and Venture Capital Industry

Companies that look to hire BBI course graduates:

  • Deloitte
  • Amazon
  • PwC
  • EY
  • Accenture
  • Capgemini
  • TCS
  • Infosys

BBI vs BCom

Often students get confused between BBI and BCom as both the courses are considered to be the top most choices amongst the graduates of the Commerce field. To help you with this confusion, we have tabulated below showdown between BBI vs BCom- 

Name  Bachelor of Banking and Insurance (BBI)  Bachelor of Commerce (BCom)
Duration 3 years  3 years
Eligibility Criteria  -Basic qualification of 10+2 -A good score in IELTS/ TOEFL
-LOR and SOP
-For Indian universities, candidates will be needing minimum required marks in class 12th examination along with entrance exam (if applicable) 
-Basic qualification of 10+2 
-A good score in IELTS/ TOEFL
-LOR and SOP
-For Indian universities, candidates will be needing minimum required marks in class 12th examination along with entrance exam (if applicable) 
Curriculum  The curriculum of BBI course majorly focuses on the domain of Banking and Insurance via subjects like- Principles of Banking and Insurance
Management Accounting 
Central Banking
International Banking
Turnaround Management
During the course of BCom, students will be made to focus on the entire domain of Commerce- Financial Markets and Institutions 
E commerce 
Human Resource Management 
Microeconomics 
Indirect Tax Laws
Popular Career Profiles -Banker 
-Finance Officer
-Insurance Manager 
-Investment Banker 
-Financial Analyst
-Auditor
-Banker
-Business Consultant 
-Human Resource Manager
-Data Analyst 
Average Salary Package  INR 3-5 LPA  INR 2-4 LPA
Major Recruiters  -EY 
-KPMG 
-Accenture 
-Moody’s
-Mcube
-KPMG
-PwC
-Deloitte 
-TCS 
-Infosys
Entrance Exams (India) -Mumbai University Entrance Test
-Chandigarh University Entrance Test
-Narsee Monjee College of Commerce & Economics Entrance Exam
-Guru Gobind Singh Indraprastha University Common Entrance Test (IPU CET)
-Narsee Monjee College of Commerce & Economics Entrance Exam
-Banaras Hindu University – Undergraduate Entrance Test (BHU UET)

FAQs

How many subjects are there in BBI?

While pursuing the BBA course you will get to study an array of subjects. Number of subjects can vary from one university to another. But some of the common subjects that you will study are insurance,  principles of management, investor relations, financial markets, customer relationships, etc.

Which course is best after BBI?

Once you have successfully completed a degree in banking and insurance, you can opt to study PG courses like MBA, PGDM, MIM, etc in the same field- Insurance and Banking.

Which is better BBI or BAF?

BAF is an acronym for Bachelor in Accounting and Finance, whereas BBI course stands for Bachelors in Banking and Insurance. If you are eager towards pursuing a career in accounting, you may opt BAF course, on the other hand, those who enter BBI will gain ample knowledge regarding banking as well as the insurance sector. 

Which course is best after 12th commerce?

There are a variety of courses available that students can pursue after completing class 12th from commerce field. Majorly opted courses in this field are
BBI 
BBA 
BCom
BA Economics
BCA 
BBA LLB, etc

Which course is best for bank jobs?

For those who are eager to pursue a career in banking or want to secure a high profile job in a leading bank, must learn the basics of the field through BBI course. Along with this course, you can also opt for a higher level degree like MBA in Banking. 

Finance is a field where possibilities meet reality and what you need is a great university to enhance your chances of landing a great job. Let the experts at Leverage Edu help you in shortlisting the universities that will help you in realizing your potential. So, gear up for a career in finance. 

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1 comment
  1. I am a12th standard student currently studying Science PCM. I am interested in this course. May I know if I will to switch to commerce after passing 12th board exams to apply for this course? And also do I need to know 12th commerce syllabus for better understanding of this course?

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