MBA Risk and Insurance Course, Admission, Eligibility, Entrance Exams, Top Colleges, Jobs, Salary, Syllabus 2024

What is the MBA Risk and Insurance Admission Process?  

MBA Risk and Insurance has become very difficult in today’s era. Candidates can follow a few steps in order to make the admission process less tiring and stressful. In most of the colleges or universities, admission is done on the basis of entrance exam and counseling sessions. Candidates can get admission in a good college if he follows these steps:

• Step 1: A candidate should apply for various entrance exams such as CAT, MAT, GMAT, XAT, etc. online.
• Step 2: After applying for such entrance exams candidates must appear for those as their marks obtained in these exams are very partly important for the admission to the course.
• Step 3: Once the results are declared the candidates must make a list of preferable colleges and fill-in the admission form online.
• Step 4: After the admission forms are filled, the university releases a list of short-listed candidates based on the cut-off marks and their merit in the entrance exams.
• Step 5: Once a candidate is short-listed, they get a call from the institute for the procedure of the internal selection that includes one of these: Written Ability Test (WAT), Group Discussions (GD), and Personal Interviews (PI).
• Step 6: Based on the overall performance, candidates are selected and they are required to deposit the mentioned admission fees which confirms the admission of the candidate.

A few colleges or universities offer direct admission to some candidates under two circumstances which are

• Candidates who have a bachelor’s degree from a reputed college or university of national importance.
• Candidates belonging from some categories like SC/ST/OBC or other NRI students.

What is the MBA Risk and Insurance Eligibility? 

All the candidates applying for the MBA Risk and Insurance program need to comply with the eligibility criteria prescribed by the college. The basic eligibility criteria are mentioned below:

• The candidates have to complete Bachelor Degree like, Bachelor of Commerce (B.Com), Bachelor of Business Administration (BBA) or any other Bachelor Degree with relevant subjects or equivalent stream oe examination.
• Candidates scored minimum aggregate 50% marks (45% for SC/ST/PWD candidates, such candidates are eligible to take admission to the MBA Risk and Insurance program.
• To pursue this degree program, the candidates need to appear for the college or university level entrance examination too, which is further followed by the group discussion (GD) and personal interview (PI) round.
• The eligibility criterion for international applicants is to score at least 50% marks aggregate in the qualifying examination and having studied the prerequisite subjects for admission into the MBA Risk and Insurance course.

Read more: MBA Admission Process 2024

What is the popular MBA Risk and Insurance Entrance Exams? 

The aspirants of Master of Business Administration in Risk and Insurance have to prepare for a series of grueling examinations to prove their credentials and gain admission into the top MBA colleges and universities in the nation by dint of merit:

• CAT: is the most important entrance exam conducted by the Indian Institute of Management(s) (IIMs) and it is preferred as the qualifying exam by most top management institutes and B-schools in India.
• XAT: Final year students and students with Bachelor's degrees can apply for the XAT exam, conducted by the Xavier School of Management.
• MAT: The Management Aptitude Test is conducted by the All India Management Association (AIMA), which is a national body for the management profession in India and MAT exam takes place 4 times in a year, i.e. in February, May, September, and December.
• CMAT: Conducted by the All India Council for Technical Education [AICTE], the CMAT exam is widely accepted as a qualifying exam by a large number of government-sponsored management and business institutes in India.

Some of the top entrance exams with their important dates are mentioned in the table below:

How to prepare for the MBA Risk and Insurance Entrance Exam? 

Candidates need at least six months to prepare for an MBA Risk and Insurance entrance exams like MAT, CAT, and CMAT, etc. to score well. For a fruitful preparation, they should focus on improving their problem-solving skills with the help of previous years’ question papers and online mock tests, etc. The entrance exam preparation strategies should be well planned and according to the exam pattern and syllabus. Below are some useful tips to prepare for the MBA Risk and Insurance entrance exams:

• Read best books for the MBA entrance exams preparation, magazines, newspapers, and online blogs on a daily basis to improve reading skills, understanding skills as well as for keeping track of current affairs of national and international level
• Practice previous years’ question papers, sample papers, and online mock tests to improve speed and accuracy as well as to develop familiarity with the exam pattern.
• Regularly analyze your preparation level to cross-check your strengths and weaknesses in each section from the syllabus of the MBA Risk and Insurance entrance test.
• Target those topics which carrying more weightage in each section to score easily in the MBA Risk and Insurance Entrance Exam
• Time management is the key to attempting maximum questions in any exam i.e. don’t waste the time on tricky questions and try to solve each question within a few seconds.

How to get Admission in a Reputed MBA Risk and Insurance College? 

All the students want to take admission in the top MBA Risk and Insurance colleges, so here are some important points that all the students should keep in mind while applying for a top college:

• Your score and GPA need to be exceptionally good, an application with GPA above 4 will be given good consideration at top colleges and universities, and you need to be academically inclined in order to cope with the program. Just getting admission to a top college isn’t enough; performing best should be your main goal.     
• The admissions officers of the MBA (Risk and Insurance) course take into account your involvement in activities surrounding the classroom whether it is sports, theatre, Olympiads, contests, etc., these activities show growth patterns of your personality and overall development. A student involved in all activities around the classroom is what top colleges and universities look for.
• You will have to seriously prepare for MBA (Risk and Insurance) entrance exams, take at least two months to prepare for the exams conducted for the MBA course, you may have to shortlist your colleges or universities based on your entrance exams scores, top colleges accept only high scores.
• All applicants have to write an essay about why they want to do a MBA course from a university, this is the main part that makes or breaks your application. You need to come up with a very convincing piece of the essay that makes a good impression on the admission officer.
• You need to prepare yourself for the interview round (PI), as it will be your first major interview so prepare accordingly. Interviews are not difficult to clear at all if you have the right attitude and confidence.