.png&w=1920&q=75)
BBA in Banking Finance And Insurance at Dr. Vishwanath Karad MIT World Peace University
Pune, Maharashtra
.png&w=1920&q=75)
About the Specialization
What is Banking Finance and Insurance at Dr. Vishwanath Karad MIT World Peace University Pune?
This Banking Finance and Insurance (BFS) program at Dr. Vishwanath Karad MIT World Peace University focuses on equipping students with comprehensive knowledge and skills for India''''s dynamic BFSI sector. It covers core banking operations, financial market instruments, insurance principles, and emerging fintech trends. The program is designed to meet the growing demand for skilled professionals in India''''s rapidly expanding financial services industry, preparing graduates for diverse roles in banks, insurance companies, and financial institutions.
Who Should Apply?
This program is ideal for fresh 10+2 graduates seeking entry into the thriving financial services sector, individuals passionate about understanding wealth management, risk, and banking operations. It also suits those aiming for a career in Indian public and private sector banks, insurance firms, and fintech startups, providing a strong foundation for a professional journey in finance and insurance.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths such as Relationship Manager, Financial Analyst, Credit Officer, Insurance Advisor, or Operations Executive. Entry-level salaries typically range from INR 3-5 LPA, with experienced professionals earning INR 8-15 LPA or more. Growth trajectories are strong in Indian companies like HDFC Bank, ICICI Prudential, and Bajaj Finserv, aligning with certifications like NISM and IRDAI licensing.
Student Success Practices
Foundation Stage
Master Core Business Fundamentals- (Semester 1-2)
Focus on building a strong understanding of Management, Economics, and Financial Accounting in Semesters 1 and 2. Utilize textbooks, case studies, and online resources like Investopedia for clear conceptual clarity, forming the bedrock for advanced finance topics.
Tools & Resources
Investopedia, Coursera (for foundational business courses), College library resources
Career Connection
A solid foundation in these areas is crucial for understanding financial models and business operations, highly valued in entry-level analytical roles.
Develop Strong Communication and Analytical Skills- (Semester 1-2)
Actively participate in group discussions, presentations, and debates from the start. Practice quantitative aptitude and logical reasoning using platforms like IndiaBix. Enhance written communication by focusing on report writing and professional emails, crucial for corporate interactions.
Tools & Resources
IndiaBix, Toastmasters (if available/simulated), Grammarly
Career Connection
Effective communication and problem-solving are paramount for client-facing roles, team collaboration, and excelling in competitive entrance exams for banking.
Engage in Peer Learning and Academic Clubs- (Semester 1-2)
Form study groups to discuss complex topics and prepare for exams. Join or initiate finance/business clubs within the university to organize workshops, quizzes, and invite guest speakers. This fosters collaborative learning and exposes you to diverse perspectives.
Tools & Resources
University Finance Club, WhatsApp study groups, Peer tutoring sessions
Career Connection
Networking skills and the ability to articulate financial concepts are developed, preparing you for team-based roles and professional interactions.
Intermediate Stage
Pursue NISM Certifications and Financial Software Skills- (Semester 3-5)
Concurrently pursue certifications like NISM Equity Derivatives, Mutual Fund Distributors, or Investment Adviser (Level 1) from Semester 3 onwards. Dedicate time to learn advanced Excel, Tableau/Power BI, and basic Python for financial data analysis. Participate in skill development courses offered by the university.
Tools & Resources
NISM Certifications, Microsoft Excel, Tableau/Power BI Public, Kaggle (for datasets)
Career Connection
These certifications and software skills significantly enhance your resume, making you highly competitive for roles in financial markets, research, and analytics.
Undertake Mini-Projects and Industry Internships- (Semester 3-5)
Seek out short-term internships or virtual internships in banking, finance, or insurance firms during semester breaks. Work on mini-projects related to market analysis, product studies, or risk assessment using real-world data, even if it''''s publicly available. Engage with the internship component in Semester 4.
Tools & Resources
LinkedIn (for internship searches), Internshala, Company annual reports
Career Connection
Practical experience and project work provide invaluable industry exposure, making you more employable and demonstrating your ability to apply theoretical knowledge.
Network with Industry Professionals and Alumni- (Semester 3-5)
Attend industry seminars, workshops, and guest lectures frequently. Connect with speakers, faculty, and university alumni on LinkedIn. Actively seek mentorship and advice on career paths and industry trends, building your professional network early.
Tools & Resources
LinkedIn, Industry conferences/webinars, Alumni association events
Career Connection
Networking opens doors to hidden job opportunities, valuable insights, and mentorship, crucial for career progression in the BFSI sector.
Advanced Stage
Intensify Placement Preparation and Mock Interviews- (Semester 6)
From Semester 5, focus intensely on company-specific aptitude tests, group discussions, and mock interviews. Seek guidance from the university''''s placement cell and alumni for targeted preparation. Refine your resume and cover letter to highlight BFS-specific skills and experiences.
Tools & Resources
MIT WPU Placement Cell, Online aptitude platforms, Mock interview sessions
Career Connection
This dedicated preparation maximizes your chances of securing placements in top-tier BFSI companies, ensuring a smooth transition into your professional career.
Undertake a Comprehensive Research Project/Dissertation- (Semester 6)
Engage deeply in your Semester 6 major project or dissertation, choosing a topic relevant to current BFSI trends (e.g., impact of AI on banking, risk assessment in fintech). Focus on strong methodology, critical analysis, and original insights.
Tools & Resources
JSTOR, Google Scholar, RBI/SEBI publications, Bloomberg Terminal (if accessible)
Career Connection
A well-executed research project showcases your analytical prowess, problem-solving skills, and deep understanding of a specific area, making you attractive for specialized roles or further studies.
Build a Professional Digital Footprint- (Semester 6)
Create a professional LinkedIn profile showcasing your skills, projects, and certifications. Consider contributing to finance blogs or forums, or creating a personal portfolio of financial analyses. This establishes your expertise and visibility in the industry.
Tools & Resources
LinkedIn Profile, Medium/WordPress (for blogging), GitHub (for data analysis projects)
Career Connection
A strong digital presence helps recruiters find you and validates your passion for the BFSI sector, enhancing your personal brand and career opportunities.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 / HSC with minimum 50% marks (45% for reserved categories) from any stream with English as a passing subject or 3-year Diploma with 50% marks (45% for reserved categories) awarded by the Board of Technical Education of any State/Union Territory.
Duration: 3 years / 6 semesters
Credits: 144 Credits
Assessment: Internal: 50%, External: 50%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BBABFS101 | Fundamentals of Management | Core | 4 | Introduction to Management, Planning and Decision Making, Organizing and Staffing, Directing and Controlling, Managerial Ethics and Social Responsibility |
| BBABFS102 | Financial Accounting | Core | 4 | Accounting Concepts and Principles, Journal and Ledger, Trial Balance and Rectification of Errors, Preparation of Final Accounts, Financial Statement Analysis |
| BBABFS103 | Business Economics I | Core | 4 | Introduction to Microeconomics, Demand and Supply Analysis, Elasticity of Demand and Supply, Theory of Production and Cost, Market Structures |
| BBABFS104 | Business Communication | Core | 4 | Principles of Communication, Verbal and Non-verbal Communication, Business Correspondence, Presentation Skills, Report Writing |
| BBABFS105 | Business Mathematics | Core | 4 | Set Theory and Relations, Matrices and Determinants, Calculus (Differentiation and Integration), Financial Mathematics (Interest, Annuities), Linear Programming (Introduction) |
| BBABFS106 | Peace Studies | Value Added Course | 2 | Introduction to Peace Studies, Conflict Resolution, Ethics and Values, Global Peace and Harmony, Sustainable Development |
| BBABFS107 | Community Connect | Value Added Course | 2 | Social Responsibility, Community Engagement, Volunteering, Local Challenges, Impact Assessment |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BBABFS201 | Organizational Behavior | Core | 4 | Introduction to OB, Perception and Learning, Motivation Theories, Leadership and Power, Group Dynamics and Team Building |
| BBABFS202 | Cost and Management Accounting | Core | 4 | Cost Concepts and Classifications, Cost Sheet and Reconciliation, Marginal Costing and Break-Even Analysis, Budgetary Control, Standard Costing |
| BBABFS203 | Business Economics II | Core | 4 | Introduction to Macroeconomics, National Income Accounting, Inflation and Unemployment, Monetary and Fiscal Policy, Business Cycles |
| BBABFS204 | Business Statistics | Core | 4 | Measures of Central Tendency and Dispersion, Probability Theory, Probability Distributions, Correlation and Regression Analysis, Index Numbers and Time Series Analysis |
| BBABFS205 | Business Law | Core | 4 | Indian Contract Act, Sale of Goods Act, Negotiable Instruments Act, Consumer Protection Act, Companies Act (Basics) |
| BBABFS206 | Skill Development I | Value Added Course | 2 | Verbal Ability, Logical Reasoning, Quantitative Aptitude, Data Interpretation, Critical Thinking |
| BBABFS207 | Environmental Science | Value Added Course | 2 | Ecosystems and Biodiversity, Natural Resources, Environmental Pollution, Climate Change, Environmental Management |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BBABFS301 | Human Resource Management | Core | 4 | HR Planning and Recruitment, Training and Development, Performance Management, Compensation Management, Employee Relations |
| BBABFS302 | Marketing Management | Core | 4 | Introduction to Marketing, Marketing Mix (4 Ps), Consumer Behavior, Market Segmentation, Targeting, Positioning, Product and Brand Management |
| BBABFS303 | Indian Banking System | Specialization Core | 4 | Structure of Indian Banking, Role of RBI, Commercial Banks and their Functions, Co-operative and Regional Rural Banks, Recent Trends in Indian Banking |
| BBABFS304 | Principles of Insurance | Specialization Core | 4 | Concept and Principles of Insurance, Types of Insurance (Life and General), IRDAI Regulations, Insurance Products (overview), Reinsurance and Bancassurance |
| BBABFS305 | Research Methodology | Core | 4 | Introduction to Research, Research Design, Sampling Techniques, Data Collection Methods, Data Analysis (Basic) |
| BBABFS306 | Skill Development II (Advanced Excel) | Skill Enhancement Course | 2 | Advanced Formulas and Functions, Data Validation and Conditional Formatting, Pivot Tables and Charts, Data Analysis Tools (Goal Seek, Solver), VBA Macros (Introduction) |
| BBABFS307 | Indian Constitution | Value Added Course | 2 | Preamble and Fundamental Rights, Directive Principles of State Policy, Union and State Government, Judiciary, Constitutional Amendments |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BBABFS401 | Financial Management | Specialization Core | 4 | Goals of Financial Management, Time Value of Money, Capital Budgeting Decisions, Working Capital Management, Cost of Capital and Capital Structure |
| BBABFS402 | Introduction to Financial Markets | Specialization Core | 4 | Money Market Instruments, Capital Market Instruments (Equity, Debt), Primary and Secondary Markets, Role of SEBI, Stock Exchanges in India |
| BBABFS403 | Banking Operations and Services | Specialization Core | 4 | Customer Service in Banks, Deposit Products and Services, Lending Products and Credit Appraisal, Digital Banking Channels, KYC and AML Norms |
| BBABFS404 | Insurance Products and Marketing | Specialization Core | 4 | Life Insurance Products (Endowment, Term, ULIP), General Insurance Products (Health, Motor, Property), Distribution Channels (Agency, Broking, Bancassurance), Claims Management Process, Ethics in Insurance Marketing |
| BBABFS405 | Direct and Indirect Taxation | Core | 4 | Basic Concepts of Income Tax, Heads of Income, Computation of Taxable Income, Goods and Services Tax (GST) - Overview, Input Tax Credit |
| BBABFS406 | Skill Development III (Business Analytics Tools) | Skill Enhancement Course | 2 | Introduction to Data Analytics, Data Visualization (Tableau/Power BI Basics), Statistical Software (R/Python Basics), Predictive Modeling Concepts, Data-driven Decision Making |
| BBABFS407 | Internship-I | Practical/Project | 2 | Industry Exposure, Practical Skill Application, Report Writing, Presentation, Professional Etiquette |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BBABFS501 | Investment Analysis and Portfolio Management | Specialization Core | 4 | Investment Alternatives, Security Analysis (Fundamental & Technical), Portfolio Theory (Markowitz Model), Capital Asset Pricing Model (CAPM), Portfolio Performance Evaluation |
| BBABFS502 | Risk Management in BFSI | Specialization Core | 4 | Introduction to Financial Risk, Credit Risk Management, Market Risk Management, Operational Risk Management, Basel Accords (I, II, III) |
| BBABFS503 | Financial Derivatives | Specialization Core | 4 | Introduction to Derivatives, Futures Contracts, Options Contracts, Swaps, Hedging Strategies using Derivatives |
| BBABFS504 | International Business and Finance | Core | 4 | Theories of International Trade, Balance of Payments, Foreign Exchange Market and Rates, International Financial Institutions (IMF, World Bank), Trade Finance Instruments |
| BBABFS505 | Digital Banking and Fintech | Specialization Core | 4 | Evolution of Digital Banking, Payment Systems (UPI, IMPS, RTGS), Blockchain and Cryptocurrencies (Basics), Artificial Intelligence in Finance, Regulatory Challenges in Fintech |
| BBABFS506 | Skill Development IV (Soft Skills and Interview Prep) | Skill Enhancement Course | 2 | Communication and Interpersonal Skills, Teamwork and Collaboration, Problem-Solving and Decision Making, Interview Techniques, Resume and Cover Letter Writing |
| BBABFS507 | Project-I (Specialization) | Project | 2 | Problem Identification, Literature Review, Data Collection and Analysis, Findings and Recommendations, Report Submission |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BBABFS601 | Wealth Management and Financial Planning | Specialization Core | 4 | Introduction to Wealth Management, Personal Financial Planning Process, Investment Products for Wealth Creation, Retirement Planning, Estate Planning and Tax Planning |
| BBABFS602 | Corporate Banking and Credit Management | Specialization Core | 4 | Corporate Banking Products, Credit Appraisal for Corporates, Loan Syndication and Project Finance, Non-Performing Assets (NPAs), Debt Restructuring |
| BBABFS603 | Actuarial Science in Insurance (Fundamentals) | Specialization Core | 4 | Role of Actuaries, Mortality and Morbidity Tables, Premium Calculation, Reserving and Solvency, Risk Modeling in Insurance |
| BBABFS604 | Regulatory Framework of BFSI | Specialization Core | 4 | Banking Regulation Act, RBI and SEBI Regulations, IRDAI Guidelines, Anti-Money Laundering (AML) Laws, Corporate Governance in BFSI |
| BBABFS605 | International Banking and Trade Finance | Specialization Core | 4 | Correspondent Banking, SWIFT Messaging System, Letters of Credit (LCs), Export-Import Bank of India (EXIM Bank), Foreign Exchange Risk Management |
| BBABFS606 | Project-II (Major Project/Dissertation) | Project | 6 | In-depth Research on BFSI Topic, Methodology and Data Analysis, Critical Evaluation and Synthesis, Original Contribution/Recommendations, Thesis Writing and Defense |
