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B-VOC-BANKING-FINANCE-INSURANCE in General at Guru Teg Bahadur Institute of Management & Technology
Ludhiana, Punjab
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About the Specialization
What is General at Guru Teg Bahadur Institute of Management & Technology Ludhiana?
This Banking, Finance & Insurance program at Guru Teg Bahadur Institute of Management & Technology focuses on equipping students with essential skills for India''''s rapidly evolving financial sector. It covers core banking operations, financial market dynamics, and diverse insurance products, preparing graduates for entry-level to mid-level roles. The curriculum is designed to meet the growing demand for skilled professionals in Indian banks, insurance companies, and financial service firms.
Who Should Apply?
This program is ideal for 10+2 graduates from any stream seeking a career in the dynamic Indian financial landscape. It also caters to individuals aiming for practical, industry-focused vocational training to secure jobs in banking, mutual funds, insurance, or wealth management. Aspiring professionals who value hands-on learning and direct industry relevance over purely theoretical knowledge will find this program beneficial.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as Bank POs, Insurance Agents, Financial Advisors, Loan Officers, and Back-Office Executives. Entry-level salaries typically range from INR 2.5 Lakhs to 4 Lakhs per annum, with significant growth potential based on performance and experience. The program aligns with industry needs, enhancing employability in both public and private sector financial institutions across India.
Student Success Practices
Foundation Stage
Master Basic Financial Concepts & Communication- (Semester 1-2)
Dedicate time to thoroughly understand foundational accounting, banking, and economic principles. Actively participate in communication labs to refine your verbal and written skills. Utilize online platforms like Khan Academy for economics and basic finance tutorials, and practice speaking skills through peer-group discussions.
Tools & Resources
Khan Academy, Basic Accounting Textbooks, Communication Skills Workbooks, Peer study groups
Career Connection
Strong fundamentals are crucial for any finance role, while excellent communication is essential for client interaction and professional growth, aiding placements in customer-facing banking roles.
Excel in Computer Applications for Business- (Semester 1-2)
Become proficient in MS Office Suite, especially MS Excel, Word, and PowerPoint, as these are indispensable tools in the BFS&I sector. Practice data entry, basic calculations, and report generation using sample financial data. Seek out additional online tutorials for advanced Excel functions.
Tools & Resources
Microsoft Office Suite, YouTube Tutorials for Excel, Online typing practice tools
Career Connection
Digital literacy and strong command over office tools directly translate into efficiency in back-office operations, data analysis, and professional presentations, making you a more attractive candidate for employers.
Engage Actively in Industrial Visits & Live Projects- (Semester 1-2)
Treat every industrial visit and live project as a genuine learning opportunity. Prepare questions in advance, observe processes critically, and network with professionals. Document your experiences thoroughly and reflect on how theoretical concepts apply in real-world settings.
Tools & Resources
Notebook and Pen, Company Websites, LinkedIn for networking
Career Connection
Early industry exposure builds practical understanding, helps identify career interests, and provides valuable networking opportunities, which can be critical for internships and future job referrals.
Intermediate Stage
Deep Dive into Banking & Insurance Laws- (Semester 3-4)
Focus on understanding the legal framework governing banking (e.g., Negotiable Instruments Act, RBI Act) and insurance (e.g., IRDAI regulations). Participate in moot court simulations or case study analyses related to financial law to strengthen your legal acumen.
Tools & Resources
Bare Acts and Legal Commentaries, Online legal databases, Guest lectures by legal experts
Career Connection
A solid grasp of financial laws is critical for roles in compliance, risk management, and legal departments of banks and insurance firms, enhancing prospects for specialized roles.
Master Computerized Accounting & Data Analysis- (Semester 3-4)
Gain hands-on expertise in computerized accounting software like Tally ERP and advanced data analysis using MS Excel. Practice creating ledgers, vouchers, and generating financial reports. Explore basic statistical analysis for business decision-making.
Tools & Resources
Tally ERP Software, Advanced Excel courses (e.g., Udemy, Coursera), Statistical software for students
Career Connection
Proficiency in Tally and advanced Excel makes you highly valuable for accounting, audit, and financial analysis roles, a common entry point in many Indian financial organizations.
Undertake Mini Research Projects & Case Studies- (Semester 3-4)
Beyond assigned projects, identify specific areas of interest within BFS&I and conduct mini-research projects or detailed case studies. Present your findings to peers or faculty. This cultivates research skills and analytical thinking.
Tools & Resources
Academic Journals (e.g., Jstor, Google Scholar), Business News portals (Livemint, Economic Times), Case Study books
Career Connection
Developing strong research and analytical skills is key for roles in financial research, advisory services, and higher education, showcasing intellectual curiosity and problem-solving abilities.
Advanced Stage
Pursue Advanced Certifications & Industry Internships- (Semester 5-6)
Seek out industry-recognized certifications like NISM (for capital markets), IRDAI (for insurance agents), or basic financial modeling courses. Secure longer-duration internships (6 weeks or more) in relevant organizations to gain deep practical exposure and build a professional network.
Tools & Resources
NISM Modules, IRDAI Agent Training, Internshala for internships, LinkedIn for professional networking
Career Connection
Certifications add tangible value to your resume, validating specialized skills. Internships often lead to pre-placement offers, significantly boosting career prospects upon graduation.
Develop Expertise in Digital Finance & Fintech- (Semester 5-6)
Stay updated with the latest trends in digital banking, mobile payments, blockchain, and AI in finance. Explore basic concepts of financial software like SAP FICO or Oracle Financials, if opportunities arise. Attend webinars and workshops on Fintech innovations.
Tools & Resources
Fintech blogs and news sites, Online courses on Blockchain/AI in Finance, Financial software demos
Career Connection
The future of finance is digital. Proficiency in Fintech areas makes you highly desirable for roles in modern banking, digital payments companies, and emerging financial startups in India.
Refine Project Management & Entrepreneurial Skills- (Semester 5-6)
Actively lead your final year project, focusing on comprehensive research, effective team collaboration, and a high-quality report and presentation. If entrepreneurial, work on a detailed business plan for a financial service startup. This demonstrates leadership and initiative.
Tools & Resources
Project management tools (Trello, Asana), Business Plan templates, Mentors from startup ecosystems
Career Connection
Excellent project work showcases your ability to deliver results and manage complex tasks. Entrepreneurial thinking is valued in innovative firms and can also lead to self-employment, demonstrating initiative and problem-solving at a high level.
Program Structure and Curriculum
Eligibility:
- 10+2 in any stream or equivalent examination as per IKG PTU norms
Duration: 3 years / 6 semesters
Credits: 150 Credits
Assessment: Internal: 40% (for Theory), 60% (for Practical), External: 60% (for Theory), 40% (for Practical)
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BVBFS-101-21 | Communication Skills-I | Core | 2 | Fundamentals of Communication, Verbal and Non-Verbal Communication, Barriers to Communication, Listening Skills, Presentation Techniques |
| BVBFS-103-21 | Computer Applications-I | Core | 2 | Computer Fundamentals, Operating Systems Basics, MS Word for Document Creation, Internet and Web Browsing, Email Management |
| BVBFS-105-21 | Basic Accounting | Core | 4 | Introduction to Accounting, Accounting Concepts and Principles, Double Entry System, Journal, Ledger, Trial Balance, Financial Statements Preparation |
| BVBFS-107-21 | Principles of Banking | Core | 4 | Evolution of Banking, Structure of Indian Banking, RBI and Monetary Policy, Commercial Banking Functions, Customer Relations in Banking |
| BVBFS-109-21 | Micro Economics | Core | 4 | Basic Economic Concepts, Demand and Supply Analysis, Consumer Behavior, Production and Costs, Market Structures |
| BVBFS-111-21 | Communication Skills Lab-I | Lab | 1 | Spoken English Practice, Group Discussion Techniques, Public Speaking Practice, Interview Skills Simulation, Written Communication Exercises |
| BVBFS-113-21 | Computer Applications Lab-I | Lab | 1 | MS Word Hands-on, File and Folder Management, Internet Browsing and Searching, Email Client Usage, Basic Troubleshooting |
| BVBFS-115-21 | Live Project / Industrial Visit | Project | 1 | Industry Exposure, Observation and Reporting, Basic Project Planning, Team Collaboration, Report Writing |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BVBFS-102-21 | Communication Skills-II | Core | 2 | Advanced Public Speaking, Negotiation Skills, Cross-Cultural Communication, Conflict Resolution, Business Etiquette |
| BVBFS-104-21 | Computer Applications-II | Core | 2 | MS PowerPoint for Presentations, MS Excel Basics, Data Entry and Formatting in Excel, Cyber Security Fundamentals, Digital Literacy |
| BVBFS-106-21 | Principles of Finance | Core | 4 | Introduction to Finance, Time Value of Money, Capital Budgeting, Working Capital Management, Sources of Finance |
| BVBFS-108-21 | Legal Aspects of Banking | Core | 4 | Indian Contract Act, Negotiable Instruments Act, Banking Regulation Act, Customer Rights and Obligations, SARFAESI Act |
| BVBFS-110-21 | Business Statistics | Core | 4 | Data Collection and Organization, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Probability Distributions |
| BVBFS-112-21 | Communication Skills Lab-II | Lab | 1 | Role-playing Business Scenarios, Effective Email Writing, Resume and Cover Letter Writing, Public Speaking with Visual Aids, Mock Interviews |
| BVBFS-114-21 | Computer Applications Lab-II | Lab | 1 | Advanced MS Excel Functions, Creating Charts and Graphs, MS PowerPoint Presentations, Online Collaboration Tools, Data Security Practices |
| BVBFS-116-21 | Live Project / Industrial Visit | Project | 1 | Industry Process Mapping, Case Study Analysis, Problem Identification, Data Gathering, Presentation of Findings |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BVBFS-201-21 | Macro Economics | Core | 4 | National Income Accounting, Theories of Employment and Output, Inflation and Deflation, Fiscal and Monetary Policy, Balance of Payments |
| BVBFS-203-21 | Cost Accounting | Core | 4 | Cost Concepts and Classifications, Material Costing, Labor Costing, Overhead Costing, Job and Process Costing |
| BVBFS-205-21 | Retail Banking | Core | 4 | Introduction to Retail Banking, Product Development in Retail Banking, Marketing of Retail Banking Products, Credit Cards and Debit Cards, Customer Relationship Management |
| BVBFS-207-21 | Banking Law & Practice | Core | 4 | Negotiable Instruments Act, 1881, RBI Act, 1934, Banking Regulation Act, 1949, Payment and Settlement Systems Act, 2007, Foreign Exchange Management Act, 1999 |
| BVBFS-209-21 | Business Management | Core | 4 | Principles of Management, Planning and Decision Making, Organizing and Staffing, Directing and Controlling, Motivation Theories |
| BVBFS-211-21 | Business Research Methodology | Core | 4 | Introduction to Research, Research Design, Data Collection Methods, Sampling Techniques, Report Writing |
| BVBFS-213-21 | Computerized Accounting Lab (Tally) | Lab | 1 | Introduction to Tally ERP, Company Creation and Setup, Ledger Management, Voucher Entry (Sales, Purchase, Payment), Generating Financial Reports in Tally |
| BVBFS-215-21 | Industrial Training / Live Project (4 weeks) | Project | 2 | Practical Industry Exposure, Application of Theoretical Knowledge, Problem-solving in Real Scenarios, Documentation and Reporting, Professional Etiquette |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BVBFS-202-21 | Company Accounts | Core | 4 | Shares and Debentures Accounting, Company Final Accounts, Amalgamation and Reconstruction, Valuation of Shares, Liquidation of Companies |
| BVBFS-204-21 | Financial Markets & Services | Core | 4 | Indian Financial System, Money Market Instruments, Capital Market Operations, Mutual Funds and Pension Funds, Role of SEBI |
| BVBFS-206-21 | Rural Banking & Microfinance | Core | 4 | Importance of Rural Finance, NABARD and Regional Rural Banks, Agricultural Credit, Concept of Microfinance, SHGs and MFIs |
| BVBFS-208-21 | Corporate & Industrial Law | Core | 4 | Companies Act, 2013, Industrial Disputes Act, Factories Act, Trade Unions Act, Consumer Protection Act |
| BVBFS-210-21 | Income Tax Law & Practice | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Heads of Income, Deductions from Gross Total Income, Computation of Taxable Income |
| BVBFS-212-21 | Principles of Insurance | Core | 4 | Nature and Scope of Insurance, Principles of Insurance, Types of Life Insurance Policies, Types of General Insurance, IRDAI Regulations |
| BVBFS-214-21 | Data Analysis & Reporting Lab (MS Excel) | Lab | 1 | Advanced Excel Formulas, Data Validation and Filtering, Pivot Tables and Charts, Data Visualization Techniques, Report Generation with Excel |
| BVBFS-216-21 | Industrial Training / Live Project (4 weeks) | Project | 2 | Mid-level Project Implementation, Data Analysis in Industry, Problem-solving and Solution Design, Team Coordination, Interim Report and Presentation |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BVBFS-301-21 | International Banking & Finance | Core | 4 | Foreign Exchange Markets, International Monetary System, International Financial Institutions, Cross-border Mergers and Acquisitions, Global Financial Crises |
| BVBFS-303-21 | Risk Management in Banking & Insurance | Core | 4 | Introduction to Risk Management, Credit Risk Management, Market Risk Management, Operational Risk Management, Insurance Risk and Solvency |
| BVBFS-305-21 | Human Resource Management | Core | 4 | HRM Functions, HR Planning and Recruitment, Training and Development, Performance Appraisal, Compensation Management |
| BVBFS-307-21 | Financial Planning & Wealth Management | Core | 4 | Basics of Financial Planning, Investment Planning, Retirement Planning, Estate Planning, Wealth Management Strategies |
| BVBFS-309-21 | Management of Insurance Companies | Core | 4 | Structure of Insurance Industry, Functions of Insurance Companies, Underwriting and Claims Management, Marketing and Distribution Channels, Actuarial Principles |
| BVBFS-311-21 | Project Work (Synopsis & PPT based) | Project | 2 | Project Proposal Development, Literature Review, Methodology Design, Data Collection Strategy, Presentation Skills for Project Synopsis |
| BVBFS-313-21 | Financial Software Lab (e.g., SAP FICO / Oracle Financials) | Lab | 1 | Introduction to ERP Financial Modules, General Ledger Transactions, Accounts Payable and Receivable, Asset Accounting, Financial Reporting using ERP |
| BVBFS-315-21 | Industrial Training / Live Project (6 weeks) | Project | 2 | Full-scale Project Execution, Stakeholder Communication, Advanced Data Analysis, Solution Implementation, Professional Networking |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BVBFS-302-21 | Investment Banking & Capital Markets | Core | 4 | Role of Investment Banks, Initial Public Offerings (IPOs), Mergers and Acquisitions, Securities Trading, Derivatives Market |
| BVBFS-304-21 | Foreign Exchange Management | Core | 4 | Foreign Exchange Market Operations, Exchange Rate Determination, Forex Risk Management, Hedging Techniques, International Trade Finance |
| BVBFS-306-21 | Digital Banking & Fintech | Core | 4 | Evolution of Digital Banking, Mobile Banking and Internet Banking, Payment Systems and Wallets, Blockchain and Cryptocurrencies, AI and Machine Learning in Finance |
| BVBFS-308-21 | Entrepreneurship Development | Core | 4 | Concept of Entrepreneurship, Business Idea Generation, Business Plan Development, Sources of Funding for Startups, Challenges for Entrepreneurs in India |
| BVBFS-310-21 | Consumer Behavior & Marketing of Financial Services | Core | 4 | Understanding Consumer Behavior, Marketing Mix for Financial Services, Branding in Financial Sector, Digital Marketing in Finance, Customer Service Excellence |
| BVBFS-312-21 | Project Work (Final Report & Viva) | Project | 2 | Comprehensive Project Report Writing, Data Analysis and Interpretation, Recommendations and Conclusions, Viva-Voce Preparation, Research Ethics |
| BVBFS-314-21 | Comprehensive Viva-Voce | Core | 1 | Overall Subject Knowledge Assessment, Industry Trends Awareness, Communication and Presentation Skills, Problem-solving Aptitude, Career Preparedness |
| BVBFS-316-21 | Industrial Training / Live Project (6 weeks) | Project | 2 | Advanced Practical Skill Application, Independent Problem Solving, Mentorship and Feedback Incorporation, Final Industry Report Submission, Bridging Academia and Industry |
