Banking Finance Services and Insurance [BFSI] | B.voc (2024)

Banking Finance Services and Insurance [BFSI] | B.voc (2)

About Banking Finance Services and Insurance [BFSI]

Banking Finance Services and Insurance [BFSI] refers to the financial services provided by banks, FinTech companies, insurance companies, pension funds, mutual funds, and other financial institutions. Banking, Financial Services & Insurance (BFSI) sector plays a crucial role in contributing to the growth and development of the Indian economy. The Banking, Finance Services, and Insurance industry is undergoing a transformation propelled by digitization and this has created a huge demand for professionals skilled in this domain. The B.Voc program in Banking, Finance Services, and Insurance [BFSI] empowers students with practical skills and knowledge needed in the financial sector through various projects and internships, enabling students to build successful careers in this field.

Duration of course: 3 years (6 semesters)

Why B.Voc in Banking Finance Services and Insurance [BFSI] from Glocal University?

The B.Voc in Banking Finance Services and Insurance [BFSI] is a three-year undergraduate degree course. Accredited by the UGC, graduates from this program are eligible to apply for both government and private sector jobs in the banking and finance field. The curriculum of B.Voc in Banking & Financial Services and Insurance is designed to provide comprehensive training in various aspects of banking and its related domains. Subjects covered include banking, finance, insurance, investment, risk management, computer application, IT, and more.

Given the interconnected growth of the banking and insurance sectors, it is noteworthy that the insurance industry is not yet fully saturated. There exists a significant portion of the population that is yet to be brought under insurance coverage. Consequently, this sector holds substantial untapped employment potential.

Course Key Features

University Name

Glocal University

Location

Saharanpur, UP

Course Name

B.Voc in Banking Finance Services and Insurance [BFSI]

Course Type

UG Degree

Duration

3 years (6 semesters)

Mode

Regular

Exam

Semester wise

Course Fee

50,000/year*

Eligibility

Class 10+2 or equivalent from a recognized board

Salary

3-12 LPA

Syllabus

Admission Process

  • Candidates can enroll in the course through either Glocal University's official website or an offline admission process by directly contacting the university.
  • During registration, candidates are required to furnish personal information, contact details, academic qualifications, and any prior work experience, and submit the necessary application fee.
  • Once registered successfully, students must await the announcement of seat allocation results.
  • Glocal University also offers free counseling to support students throughout the admission process.

Course Fees

The semester tuition fee is INR 25,000, summing up to a total of INR 1,50,000 for the entire three-year course. Candidates have the option to utilize various payment methods for fee submission.

Eligibility Criteria

  • Candidates must have successfully finished the 12th standard or its equivalent from a recognized board.
  • The preferred qualification standard is securing 50% marks or more in the 12th standard. There is some relaxation in qualifying marks for reserved category candidates.
  • The minimum age for candidates is 17 years.
  • The course is available to interested candidates living abroad.

Career Opportunities

Banking

Financial Analyst

Insurance

Financial Planning

Risk Management

Investment Banking

Treasury Management

Asset Management

Corporate Finance

Compliance and Regulation

Fintech

Credit Management

Financial Consulting

Real Estate Finance

International Finance

Top Hiring Companies

  • State Bank of India (SBI)
  • ICICI Bank
  • HDFC Ltd
  • Bajaj Finance
  • Life Insurance Corporation of India (LIC)
  • Goldman Sachs
  • JPMorgan Chase
  • BlackRock
  • Paytm
  • Policybazaar
  • Axis Mutual Fund
  • Deloitte
  • PwC
  • ICRA
  • Bajaj Finserv
  • Citibank
  • HSBC

Other Management and Banking Courses provided by Glocal University

Accounting and Business
Airport and Airline ManagementRetail Management

Other B.VOC Programs provided by Glocal University

Para Medical

Information Technology

Tourism and Hospitality

Yoga & Naturopathy

Banking and Finance

Child Care & Education

Management and Banking

Multimedia

Automotive and Electricals

Beauty and Fashion

Food and Hotel Management

Interior Design

Fire Safety

Jewellery Design

Construction

Agriculture

Theatre & Acting

Printing & Publication

Green House Technology

Tea Husbandry & Technology

Hospital and Health

Course Features

  • Duration:3 years (6 semesters)
  • Course Fee:50,000
  • Criteria:Class 10+2 or equivalent from a recognized board
  • Average Salary:3-12 LPA

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FAQS

Frequently Asked Question

The annual fee for B Voc in banking finance Services and insurance(BFSI) is INR 50,000 summing up to a total of INR 1,50,000 for the entire three-year vocational program.

Marketing Management, Introduction to Banking and Insurance, Introduction to Financial Services, Sales and Marketing, Banking Operation, Soft Skills and Personality Development, Bank Credit Management, Customer Relationship Management, Risk Management, Retail Banking, Mutual Fund / Insurance Products, Business Research Methods, E-Banking, Human Resource Management are some of the subjects covered in the syllabus of B Voc in banking finance Services and insurance(BFSI).

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Banking Finance Services and Insurance [BFSI] | B.voc (13)

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Banking Finance Services and Insurance [BFSI] | B.voc (2024)

FAQs

What is BFSI in banking? ›

in Banking Finance Services and Insurances (BFSI) is an undergraduate level course. BFSI program aims to train the students in various aspects related to banking and its allied areas. The program covers topics such as – banking, finance, insurance, investment, risk management, computer application, IT and more.

What skills do you need for BFSI? ›

A: In the BFSI sector, the 7 core skills include financial acumen, analytical skills, risk management, communication, technology proficiency, customer service, and regulatory knowledge. These skills are vital for success in this dynamic industry.

What is banking and financial services? ›

The banking industry is the foundation of the financial services group. It is most concerned with direct saving and lending, while the financial services sector incorporates investments, insurance, the redistribution of risk, and other financial activities.

What is insurance in banking and finance? ›

Insurance is a way to manage your financial risks. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad occurs. If you have no insurance and an accident happens, you may be responsible for all related costs. 1.

What are the duties of BFSI? ›

Responsibilities:
  • Selling insurance policies to individuals and businesses.
  • Assessing clients' needs, providing information on insurance products, and helping clients choose coverage.
Nov 7, 2023

What is the purpose of BFSI? ›

The BFSI (Banking, Financial Services, and Insurance) industry encompasses sectors involved in providing financial products and services, including banking institutions, financial markets, insurance companies, mutual funds, stock exchanges, and other financial service providers.

What is an example of a BFSI? ›

Bajaj Finance Limited, Muthoot Finance, Tata Capital, and Mahindra & Mahindra Financial Services Limited are some examples of BFSI companies.

What are the qualities of a good banker? ›

Top bankers possess exceptional financial acumen, enabling them to analyse complex data, interpret financial reports, and make informed decisions. Their ability to identify profitable investment opportunities and manage risk effectively is crucial in guiding their clients and organisations towards success.

What is BFSI experience? ›

The banking, financial services, and insurance (BFSI) sector is a business term used to describe companies providing a variety of financing products/services. Primary banking, retail, private, business, and investment.

What are the five most important banking services? ›

The 5 most important banking services are checking and savings accounts, loan and mortgage services, wealth management, providing Credit and Debit Cards, Overdraft services. You can read about the Types of Banks in India – Category and Functions of Banks in India in the given link.

Is insurance a financial service? ›

The financial sector covers many different types of transactions in such areas as real estate, consumer finance, banking, and insurance.

What is banking services in simple words? ›

Banking services mainly include accepting deposits, lending money, facilitating transactions, and offering various financial products like savings accounts, loans, and credit cards. Banking plays a crucial role in the economy by facilitating the flow of money and enabling economic activities.

What are the 7 principles of insurance? ›

Principles of Insurance
  • Principle of Utmost Good Faith. This is a primary principle of insurance. ...
  • Principle of Insurable Interest. ...
  • Principle of Proximate Cause. ...
  • Principle of Subrogation. ...
  • Principle of Indemnity. ...
  • Principle of Contribution. ...
  • Principle of Loss Minimisation.

What are the top 3 types of insurance? ›

We begin with an overview of the types of insurance, from both a consumer and a business perspective. Then we examine in greater detail the three most important types of insurance: property, liability, and life.

What are questions asked in an insurance company interview? ›

Top 35 Most Asked Insurance Interview Questions and Answers
  • 1) What is Insurance? ...
  • 2) What do you understand by an insurance policy? ...
  • 3) What do you understand by the term "insurance coverage"? ...
  • 4) What are the different types of Insurance Coverage? ...
  • 5) What is a premium? ...
  • 6) What do you understand by the term "Beneficiary"?

What is the full meaning of BFSI? ›

Banking, Financial Services and Insurance (BFSI)

What is BFSI fund? ›

Banking, financial services and insurance (BFSI) sector has the largest weight in benchmark indices. But if you wish to get more of banking in your portfolio, there are mutual fund schemes that invest only in this sector.

Is Fintech a BFSI? ›

Fintech is one of the fastest evolving industries with new BFSI applications, processes, products/service plans, with one or more additional technological financial services such as Artificial Intelligence (AI), Big Data, VR/AR Digitalization, smart contracts, and digital wallets.

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