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B-COM in Banking And Insurance at Golaghat Commerce College
Golaghat, Assam
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About the Specialization
What is Banking and Insurance at Golaghat Commerce College Golaghat?
This Banking and Insurance program at Golaghat Commerce College, under Gauhati University''''s CBCS framework, focuses on providing a robust understanding of the Indian financial services sector. It covers essential aspects of banking operations, investment management, and insurance principles, reflecting the dynamic growth and evolving regulatory landscape of these critical industries in India. The program equips students with foundational knowledge crucial for navigating the complexities of modern finance.
Who Should Apply?
This program is ideal for higher secondary graduates aspiring for careers in India''''s banking, financial services, and insurance (BFSI) sector. It also suits individuals seeking to enhance their foundational knowledge in financial markets, investment, and risk management. Those interested in understanding the regulatory environment and operational dynamics of Indian banks and insurance companies will find this specialization particularly beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue various career paths within the Indian BFSI sector, including roles in public and private sector banks, insurance companies, and investment firms. Entry-level salaries typically range from INR 2.5 to 4.5 LPA, with significant growth trajectories for experienced professionals. The curriculum aligns with knowledge required for certifications like IRDAI agent exams and various banking aptitude tests.
Student Success Practices
Foundation Stage
Build Strong Core Business & Legal Fundamentals- (Semester 1-2)
Focus diligently on Financial Accounting-I & II, Business Law, and Corporate Law. Understand their practical applications in the Indian business context. Attend guest lectures by local CAs or lawyers to grasp real-world scenarios and Indian legal frameworks.
Tools & Resources
Indian Accounting Standards (Ind AS) summaries, Bare Acts of Companies Act 2013, Indian Contract Act 1872
Career Connection
A solid foundation in these subjects is vital for any role in the BFSI sector, enabling students to understand financial statements, legal compliances, and corporate structures effectively.
Master Communication and Environmental Awareness- (Semester 1-2)
Actively participate in English Communication classes to refine written and oral skills, crucial for corporate interactions. Engage with Environmental Studies to understand sustainable business practices and corporate social responsibility (CSR) in India, gaining a holistic business perspective.
Tools & Resources
Toastmasters clubs (if available), business communication guides, local environmental NGOs
Career Connection
Effective communication is paramount in client-facing and team roles, while environmental awareness is increasingly valued in socially responsible organizations and CSR initiatives within the BFSI sector.
Develop Analytical Thinking through Economics- (Semester 1-2)
Pay close attention to Micro and Macro Economics to understand market dynamics, consumer behavior, national income, and inflation. Relate theoretical concepts to current Indian economic news and policy debates to develop critical analytical skills.
Tools & Resources
Business newspapers (Economic Times, Business Standard), RBI publications, NITI Aayog reports
Career Connection
Strong economic understanding is fundamental for roles in financial analysis, banking strategy, and investment decisions, helping interpret market trends and economic policies.
Intermediate Stage
Practical Application of Tax & Cost Concepts- (Semester 3-4)
Deep dive into Income Tax Law & Practice and GST & Customs Law, focusing on practical filing procedures and compliance specific to India. Simultaneously, understand Cost Accounting for internal financial control. Seek internships during breaks with local tax consultants or accounting firms.
Tools & Resources
Income Tax India website, GSTN portal, Tally software for basic accounting
Career Connection
Essential for roles in taxation, auditing, financial reporting, and compliance within banks and insurance companies, ensuring adherence to Indian financial regulations.
Cultivate Digital Literacy and Business Acumen- (Semester 3-4)
Excel in Computer Applications in Business and E-Commerce. Learn to use spreadsheets for financial modeling and presentations for business pitches. Understand the digital transformation in the BFSI sector and online payment gateways like UPI in India.
Tools & Resources
Microsoft Excel, PowerPoint, Google Workspace, UPI apps, basic e-commerce platforms
Career Connection
Digital proficiency is non-negotiable in modern banking and insurance, enhancing efficiency in data handling, reporting, and customer service in a technology-driven financial world.
Explore Banking & Investment Fundamentals- (Semester 5)
As you encounter DSEs in Indian Financial System and Fundamentals of Investment, research Indian banks (public, private, small finance) and investment products (stocks, mutual funds, FDs). Follow stock market news and basic investment strategies to gain practical insights.
Tools & Resources
NSE/BSE websites, financial news apps, investment forums, virtual trading platforms
Career Connection
Directly prepares students for roles in investment advisory, wealth management, and retail banking by building foundational knowledge of financial products and markets relevant to India.
Advanced Stage
Specialise in International & Risk Management- (Semester 6)
Deepen your understanding of International Banking and Finance, and Insurance & Risk Management. Research global financial crises and their impact on India, and study different insurance products offered by Indian companies. Consider pursuing relevant certification courses alongside.
Tools & Resources
IRDAI regulations, NISM certifications (Investment Advisor, Equity Derivatives), IIBF certifications
Career Connection
Crucial for roles in corporate banking, treasury, international trade finance, risk assessment, and insurance underwriting, offering advanced specialization in critical areas.
Master Auditing and Corporate Governance- (Semester 6)
Focus on Auditing and Corporate Governance to understand financial scrutiny, regulatory compliance, and ethical practices. Study case studies of corporate governance failures and successful models in India to gain real-world perspective.
Tools & Resources
ICAI pronouncements, SEBI regulations on corporate governance, audit firm reports
Career Connection
Essential for roles in internal audit, compliance, regulatory affairs, and corporate secretarial services within the BFSI sector, ensuring ethical and transparent financial operations.
Initiate Career Planning & Placement Preparation- (Semester 6 & Post-graduation)
Actively participate in placement cell activities. Prepare a strong resume highlighting projects, internships, and skill sets. Practice aptitude tests, group discussions, and mock interviews tailored for banking and insurance sector jobs. Network with alumni and industry professionals.
Tools & Resources
College placement cell, online aptitude test platforms (e.g., Indiabix), LinkedIn for networking
Career Connection
Directly leads to successful placements in leading Indian and multinational financial institutions, ensuring a smooth transition from academics to the professional world with targeted preparation.
Program Structure and Curriculum
Eligibility:
- Passed Higher Secondary Examination (10+2) in Commerce/Arts/Science or equivalent examination recognized by Gauhati University.
Duration: 6 semesters / 3 years
Credits: 136 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-I | Environmental Studies | Ability Enhancement Compulsory Course | 4 | Multidisciplinary nature of environmental studies, Natural Resources, Ecosystems, Biodiversity and its conservation, Environmental Pollution |
| CC-1 | Financial Accounting-I | Core Course | 6 | Theoretical Framework of Accounting, Accounting Process, Final Accounts, Accounting for Non-Profit Organizations, Accounting for Consignment and Joint Venture |
| CC-2 | Business Law | Core Course | 6 | Indian Contract Act 1872 (General Principles), Specific Contracts, Sale of Goods Act 1930, Limited Liability Partnership Act 2008 |
| GE-1 | Micro Economics | Generic Elective | 6 | Introduction to Economics, Consumer Behaviour, Production and Costs, Market Forms, Factor Pricing |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-II | English Communication | Ability Enhancement Compulsory Course | 4 | Theory of Communication, Reading Comprehension, Writing Skills, Listening and Speaking Skills, Business Correspondence |
| CC-3 | Financial Accounting-II | Core Course | 6 | Hire Purchase and Instalment System, Departmental Accounts, Branch Accounts, Partnership Accounts (Admission, Retirement, Death, Dissolution) |
| CC-4 | Corporate Law | Core Course | 6 | Introduction to Companies Act 2013, Formation of a Company, Memorandum & Articles of Association, Shares and Share Capital, Management and Administration |
| GE-2 | Macro Economics | Generic Elective | 6 | Introduction to Macroeconomics, National Income, Money & Banking, Inflation, Open Economy Macroeconomics |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| SEC-1 | Computer Applications in Business | Skill Enhancement Course | 4 | Word Processing, Spreadsheets, Presentation Software, Database Management System, Internet and E-commerce |
| CC-5 | Human Resource Management | Core Course | 6 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal |
| CC-6 | Income Tax Law and Practice | Core Course | 6 | Basic Concepts of Income Tax, Residential Status & Tax Liability, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains, Income from Other Sources |
| CC-7 | Principles of Marketing | Core Course | 6 | Introduction to Marketing, Marketing Environment, Consumer Behaviour, Market Segmentation, Targeting & Positioning, Product Decisions, Pricing Decisions, Promotion Decisions, Channel Decisions |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| SEC-2 | E-Commerce | Skill Enhancement Course | 4 | Introduction to E-commerce, Business Models of E-commerce, Payment Systems, Online Marketing, Legal and Ethical Issues in E-commerce |
| CC-8 | Cost Accounting | Core Course | 6 | Introduction to Cost Accounting, Cost Concepts & Classifications, Material Costing, Labour Costing, Overheads, Unit/Output Costing, Job & Batch Costing, Contract Costing, Process Costing |
| CC-9 | Goods and Service Tax (GST) and Customs Law | Core Course | 6 | Introduction to GST, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, Registration, Payment of Tax, Customs Law |
| CC-10 | Business Mathematics | Core Course | 6 | Matrices and Determinants, Calculus (Differentiation, Integration), Financial Mathematics (Interest, Annuities), Ratio and Proportion, Logarithms |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-11 | Principles of Micro Finance | Core Course | 6 | Introduction to Micro Finance, Micro Finance Institutions (MFIs), Products and Services of MFIs, Regulations of Micro Finance, Social Performance Management |
| CC-12 | Fundamentals of Financial Management | Core Course | 6 | Introduction to Financial Management, Time Value of Money, Capital Budgeting, Cost of Capital, Working Capital Management, Dividend Decisions |
| DSE-A.1 | Indian Financial System | Discipline Specific Elective (Banking & Insurance) | 6 | Indian Financial System Structure, Financial Markets (Money Market, Capital Market), Financial Institutions (Banks, NBFCs), Financial Services, SEBI |
| DSE-A.2 | Fundamentals of Investment | Discipline Specific Elective (Banking & Insurance) | 6 | Investment Avenues, Risk and Return, Equity Analysis, Debt Securities, Mutual Funds, Portfolio Management |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-13 | Auditing and Corporate Governance | Core Course | 6 | Introduction to Auditing, Audit Process, Internal Control, Company Audit, Audit Report, Introduction to Corporate Governance, SEBI Guidelines |
| CC-14 | Financial Market & Institutions | Core Course | 6 | Financial System, Money Market, Capital Market (Primary, Secondary), Financial Services, Regulatory Bodies |
| DSE-A.3 | International Banking and Finance | Discipline Specific Elective (Banking & Insurance) | 6 | International Financial System, Foreign Exchange Market, International Parity Relationships, International Capital Markets, International Banking Operations |
| DSE-A.4 | Insurance & Risk Management | Discipline Specific Elective (Banking & Insurance) | 6 | Introduction to Insurance, Principles of Insurance, Types of Insurance (Life, General), Risk Management Process, IRDA |
