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
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. Read more about BCom.
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
| Course Level | Undergraduate |
| Duration | 3 years |
| 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: 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: 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.
Detail of the B.Com Banking Management has been discussed below
Eligibility
The eligibility criteria for BCom Banking Management admission 2024, varies slightly from one university to another. However the overall criteria or the requirement remains the same.
- The candidates should have passed their 12th or equivalent level examination from a recognised board, preferably in commerce stream. Candidates from science stream are also eligible to pursue the course.
- The candidates are required to score a minimum of 50% in their 12th or equivalent exam,
- Candidates belonging to the reserved categories are allowed a relaxation of 5%.
- The candidates are required to pass the entrance examination if needed.
B.Com Banking Management Admission
The BCom Banking Management Admission would be mainly done either through merit list based on 12th marks or on the basis of entrance examination after the completion of 12th.
The admission is expected to start after the CBSE or ICSE or the state board release their class 12 results.
The candidates must follow the following steps for the admission process
- Visit the official website of the college or university where you want to take admission and check out the eligibility criteria as well as the admission mode (merit or entrance based).
- Then start the registration process with an active mail ID and mobile number. After that login ID is developed which is to be used by the candidates to fill up the application details.
- After filling up the application form upload the documents within necessary format and size and pay the application fees.
- After payment of the application fees, take out the registration slip for further reference.
- Appear for the entrance and score well.
- If selected then pay the admission fees of the first semester and confirm admission.
BCom Bank Management Entrance Examination
The following are the details of the top entrance examination for the BCom Bank Management Course
CUCET
- Central Universities Common Entrance Test is a national level entrance exam conducted by the 14 central universities for admission to the different UG, PG and PhD programmes.
- The registration process of the entrance examination has been postponed due to the pandemic.
- The duration of the entrance exam is for a period of 2 hours and consists of 100 MCQs.
- The tentative fees of the application form is INR 800 for general categories and INR 350 for reserved categories.
JUET
- The JUET is an entrance examination that is conducted by the Jammu University for admission to its UG, PG and PhD courses.
- The duration of the entrance examination is for a period of 2.5 hours and consists of 150 questions
- The admission to the course is done on the basis of 75% of the marks scored in the board exam and 25% in the JUET.
- The fees of the entrance examination is INR 850 for the general category students and INR 730 for the reserved candidates.
- There is no upper age limit.
Important Dates
| Entrance Exam | Application Dates | Exam Dates |
|---|---|---|
| CUCET | 1st week of February 2024 – 2nd week of March 2024 | 15th May 2024 to 31st May 2024 |
| DU JAT | To be Announced | To be Announced |
B.Com Banking Management: Top Institutes
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 Physical Education |
Financial Mathematics |
| 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 |
| - | Institutional Training |
| Semester 5 | Semester 6 |
| Income Tax | Management Accounting |
| Cost Accounting | Auditing |
| Financial Statistics | Business Communication |
| Business Environment | Project |
| Campus Recruitment Training III | - |
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:
- Accounting
- Administrative
- Auditor
- Human Resource Department
- Network Marketing
- Promotion and Advertising
- Banking
- 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:
- Accountant
- Financial Advisor
- Executive
- 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:
- Genpact
- Accenture
- Infosys BPO
- IBM
- Deutsche Bank
- Wipro
- Convergys
- Dell
- HP
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 |
B.Com Bank Management: FAQs
Ques. What is BCom bank management?
Ans. B.Com in Bank Management is a three years undergraduate program that trains the aspirants about the various aspects related to the banking system and management. The candidates also gain expertise in different banking operations such as deposits, credit distribution, recurring deposits, savings, demat account, etc.
Ques. Which BCom course is best for banking?
Ans. If an aspirant wants to pursue a career in Banking then the candidate needs to have proper education. The following are some of the B.Com courses that can be taken up by the candidates who wish to have a career in Banking
- B.Com Bank Management
- B.Com Accountancy
- B.Com Finance
- BCom in Banking & Insurance Management
- BCom in Banking, Finance and Risk Management.
Ques. What are the subjects in BCom banking Management ?
Ans. The major subjects taught in the B.Com Banking Management are Financial Accounting, Principles and practice of Banking, Financial Mathematics, Financial management, etc.
Ques. Is BCom good for banking?
Ans. Yes BCom degree allows the candidates to clear their bases regarding the various concepts related to financial statements and accounting, it also allows them to learn about the various features of management. Some of the B.Com specializations that candidates can take for the banking course are B.Com Bank Management, BCom in Banking & Insurance Management, etc
Ques. How can I start banking?
Ans. You can start your career in banking by taking up relevant streams after the completion of 12th. The candidates should preferably be from commerce background so that they have a relatively stronger base in accounting and finance and ideas about credit and debit. After completion of graduation, apply for the SBI and IBPS exam to land jobs in the government banks.
Ques. How can I get a bank job with no experience?
Ans. Government banks often do not require the candidates to have experience in banking. However, they would have to crack the entrance exam such as SBI PO, SBI Clerk or IBPS Clerk to land a job in a government bank. In case of private banks candidates are often recruited through campus placement
Ques. What Is BCom in banking and finance?
Ans. It is a 3 years graduation program that increases the candidates knowledge in financial statements, accounting principles and banking operation.
Ques. Which degree is required for a bank manager?
Ans. Candidates with B.Com or BBA Degree can become a bank manager. However, candidates with MBA (In Finance, Banking) are mainly preferred for the role of a bank manger.
Ques. Is maths compulsory for bank manager?
Ans. Yes, a bank manager must have good knowledge in maths because the daily operational activities require them to analyse various reports as well as financial statements. Also the entrance exams such as IBPS and SBI have question related to the arithmetic section, making maths a compulsory subject for candidates who aspires to be bank manger.
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