Banking, Finance & Insurance

Actuarial Science is a specialised field that employs mathematical and statistical techniques to evaluate and control financial risks across various industries, with a focus on insurance and finance. Actuaries apply their expertise to assist companies in making well-informed choices related to investments, pricing strategies, and risk mitigation. Fresh graduates and experienced professionals are presented with a range of job opportunities in this field, encompassing diverse profiles.Job Roles Average Salary Specialist Officers INR 7 LPA Investment BankerINR 17 LPAFinancial Analyst INR 5.7 LPAInsurance Claim Adjuster INR 3.2 LPA Financial Consultant INR 5.9 LPAInsurance Claims Specialist INR 3.9 LPA Insurance Agent INR 2.5 LPA Disclaimer: The above mentioned salaries has been taken from Ambitionbox; therefore it may vary in future.

There are 400+ Diploma in Banking and Insurance colleges in India. Among these, 205 colleges are privately owned, 53 are owned by public/government organizations, and public-private entities own 10 colleges. Students can secure admission after qualifying their Class 12 exams, and also some colleges may admit students based on entrance exams such as CAT, XAT, MAT, CMAT, etc. Some popular Diploma in Banking and Insurance colleges in India include SPJIMR Mumbai, FORE School of Management, Welingkar Mumbai, BIMTECH, National Institute of Bank Management, ISBR Business School, Great Lakes Institute of Management in Gurgaon, Amity University Online, Jagdish Sheth School of Management, and many others.

The MBA in Rural Management programme at XISS Ranchi has a guaranteed placement record. The average salary package for the Rural Management programme in 2023 was INR 9.40 LPA. The highest and the lowest salary packages offered were INR 8 LPA and INR 1–2 LPA respectively.The MBA programme in Financial Management in 2023 at XISS Ranchi had the second-the highest package, at INR 17.50 LPA. Some of the top recruiters for XISS Ranchi include Adani Group, Aditya Birla Retail Ltd, Asian Paints Ltd, Axis Bank, Bharat Financial Inclusion Limited, Cognizant, JK Paper, Mahindra and Mahindra, and Samsung. XISS Ranchi is said to be one of India's the oldest B-schools and is known for its curriculum, faculty, and alumni connections.

Listed below are the various key points of scope of Banking and Finance in India:PGDM with a specialisation in Banking and Finance provides a robust foundation for a career in the financial sector.The programme encompasses key subjects including financial management, banking operations, risk management, corporate finance, investment banking, and financial markets.Graduates with this specialisation are equipped to pursue diverse roles in commercial banks, investment banks, asset management firms, insurance companies, and other financial institutions.The curriculum addresses the evolving complexities of financial markets, preparing students to meet the industry's growing demand for skilled professionals.