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B-COM in Banking And Insurance at National College (Autonomous)
Tiruchirappalli, Tamil Nadu
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About the Specialization
What is Banking And Insurance at National College (Autonomous) Tiruchirappalli?
This Banking and Insurance program at National College, Tiruchirappalli, focuses on equipping students with a robust understanding of financial services, risk management, and the regulatory landscape. Given India''''s rapidly expanding financial sector, driven by digital transformation and increased insurance penetration, the demand for skilled professionals in these domains is significant. The program offers a holistic view of both intricate banking operations and the fundamental principles of insurance, preparing graduates for diverse roles in a crucial Indian industry.
Who Should Apply?
This program is ideal for recent 10+2 graduates, particularly those with a commerce background, who aspire to build a dynamic career in India''''s finance, banking, or insurance industries. It also caters to individuals aiming for competitive examinations to join public sector banks or those seeking a foundational understanding before pursuing advanced professional certifications such as NISM or IRDAI agent licenses, providing a strong academic launchpad for their ambitions.
Why Choose This Course?
Graduates of this program can expect to secure diverse career paths across India, including roles as banking executives, financial service associates, insurance agents, risk analysts, or financial advisors. Entry-level salary packages typically range from INR 2.5 Lakhs to 4 Lakhs per annum, with significant growth potential as experience and expertise are gained. Opportunities are abundant in leading private and public sector banks, national and multinational insurance companies, and various financial advisory firms throughout the country.
Student Success Practices
Foundation Stage
Master Core Accounting and Economic Fundamentals- (Semester 1-2)
Dedicate time to thoroughly understand financial accounting principles, business economics, and basic statistics. Utilize prescribed textbooks, supplementary online resources like NPTEL modules for foundational subjects, and consistently practice problem-solving. This strong academic base is critical for grasping more complex financial concepts introduced in later semesters.
Tools & Resources
Textbooks, NPTEL, Practice Problem Sets
Career Connection
A solid foundation is essential for analytical roles in banking and insurance, preparing you for financial reporting, economic analysis, and informed decision-making.
Develop Effective Communication and Soft Skills- (Semester 1-2)
Actively participate in college clubs, debate competitions, and classroom presentations to hone public speaking and interpersonal communication abilities. Consider enrolling in online courses on ''''Business Communication'''' from platforms like Coursera. Strong communication is indispensable for client interaction, team collaboration, and professional networking within the financial sector.
Tools & Resources
College Clubs, Debates, Coursera (Business Communication)
Career Connection
Excellent communication skills are highly valued in client-facing roles, sales, and management within the banking and insurance industries, enhancing your employability.
Acquire Basic Computer Literacy for Business- (Semester 1-2)
Learn to effectively use essential business software, particularly MS Excel for data analysis and basic accounting packages. Participate in college-organized workshops focused on spreadsheet management, data entry, and basic financial modeling. Proficiency in these tools is fundamental for efficient financial data processing, reporting, and administrative tasks in any financial organization.
Tools & Resources
MS Excel, Tally (basic), College IT Workshops
Career Connection
Competence in business software is a basic requirement for most entry-level positions, making you more productive and attractive to employers.
Intermediate Stage
Gain Practical Banking and Insurance Industry Knowledge- (Semester 3-5)
Regularly follow industry news, read financial journals, and stay updated on current banking trends, regulatory changes (RBI, IRDAI), and new financial products. Attend workshops or webinars focused on banking operations, different insurance products, and introductory risk assessment techniques. Explore introductory modules for NISM or IRDAI certifications.
Tools & Resources
Business News (ET, Livemint), Industry Journals, NISM/IRDAI Basic Modules
Career Connection
Understanding industry dynamics enhances your interview performance and allows you to contribute meaningfully from day one in banking or insurance roles.
Explore Financial Software and Data Analytics- (Semester 3-5)
Develop basic financial modeling skills using Excel and get acquainted with introductory accounting software like Tally. Actively participate in college data analytics workshops or engage with online courses on platforms such as Udemy or EdX that focus on financial data analysis. This enhances your analytical capabilities, a highly sought-after skill in modern finance.
Tools & Resources
Advanced Excel, Tally ERP 9, Udemy/EdX courses (Financial Data Analytics)
Career Connection
Strong analytical skills and software proficiency are crucial for roles in financial analysis, risk management, and business intelligence in the financial sector.
Network and Seek Relevant Internships- (Semester 3-5)
Proactively participate in industry seminars, guest lectures delivered by banking and insurance professionals, and career fairs organized by the college or external bodies. Actively seek and secure short-term internships at local bank branches, insurance agencies, or financial advisory firms to gain firsthand industry exposure and begin building a professional network. Leverage alumni connections.
Tools & Resources
College Career Fairs, LinkedIn, Alumni Network
Career Connection
Internships provide practical experience, build your resume, and often lead to pre-placement offers, accelerating your career entry.
Advanced Stage
Undertake Specialized Project Work and Case Studies- (Semester 6)
Choose a final year project that delves into a specific area of banking or insurance, such as NPA management strategies, the impact of digital banking on customer experience, or a detailed analysis of actuarial principles. Actively work on real-life financial case studies to apply theoretical knowledge, develop critical problem-solving skills, and present innovative solutions.
Tools & Resources
Research Papers, Industry Case Studies, Faculty Mentorship
Career Connection
A strong project portfolio demonstrates practical application of knowledge, making you a more attractive candidate for specialized roles in finance.
Intensive Placement and Interview Preparation- (Semester 6)
Refine your resume and cover letter writing skills, practice aptitude tests, participate in group discussions, and engage in mock interviews specifically tailored for banking and insurance roles. Utilize the college placement cell''''s resources, online platforms like Glassdoor for common interview questions, and actively participate in campus recruitment drives and off-campus placements.
Tools & Resources
College Placement Cell, Glassdoor, Mock Interview Platforms
Career Connection
Effective preparation maximizes your chances of securing placements in reputable financial institutions, leading to a successful career start.
Pursue Professional Certifications and Continuous Learning- (Semester 6 and Beyond)
Explore and pursue advanced certifications relevant to your career interests, such as various modules of NISM (National Institute of Securities Markets), IRDAI agent licensure, or basic financial planning courses. Commit to lifelong learning by staying updated with industry publications, regulatory changes, and pursuing online courses to adapt to the dynamic financial services sector.
Tools & Resources
NISM Certifications, IRDAI Training, Online Learning Platforms
Career Connection
Professional certifications enhance your credibility and specialized knowledge, opening doors to advanced roles and career progression in India''''s competitive financial market.
Program Structure and Curriculum
Eligibility:
- A pass in the Higher Secondary Examination (10+2) or an equivalent examination, with Commerce, Accountancy, Economics, or Mathematics as subjects.
Duration: 3 years / 6 semesters
Credits: 140 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| TAM1 | Tamil / Other Language Paper I | Part I Language | 3 | Modern Literature, Grammar, Translation, Cultural Studies, Poetry |
| ENG1 | English Paper I | Part II Language | 3 | Prose and Poetry, Functional English, Grammar and Composition, Reading Comprehension, Communication Skills |
| 22UCOC1 | Financial Accounting I | Core | 4 | Introduction to Accounting, Journal and Ledger, Trial Balance and Errors, Final Accounts of Sole Traders, Consignment Accounts |
| 22UCOA1 | Principles of Management | Allied | 4 | Nature and Scope of Management, Planning and Decision Making, Organizing, Staffing and Directing, Controlling |
| 22UENVS | Environmental Studies | Part IV Core | 2 | Ecosystems, Biodiversity, Environmental Pollution, Natural Resources, Environmental Ethics |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| TAM2 | Tamil / Other Language Paper II | Part I Language | 3 | Drama and Short Stories, Literary Criticism, Letter Writing, Journalism, Comparative Literature |
| ENG2 | English Paper II | Part II Language | 3 | Advanced Prose and Poetry, Business Correspondence, Report Writing, Vocabulary and Idioms, Critical Thinking |
| 22UCOC2 | Financial Accounting II | Core | 4 | Departmental Accounts, Branch Accounts, Partnership Accounts, Dissolution of Partnership, Hire Purchase System |
| 22UCOA2 | Business Economics | Allied | 4 | Microeconomics Concepts, Demand and Supply Analysis, Production and Cost Analysis, Market Structures, Pricing Strategies |
| 22UCOS1 | Soft Skills | Part IV Skill Based | 2 | Interpersonal Skills, Time Management, Problem Solving, Teamwork, Presentation Skills |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| TAM3 | Tamil / Other Language Paper III | Part I Language | 3 | Ancient Tamil Literature, Literary Movements, Short Story Analysis, Poetic Devices, Grammatical Structures |
| ENG3 | English Paper III | Part II Language | 3 | Contemporary Literature, Critical Reading, Academic Writing, Debating Skills, Research Methodology Basics |
| 22UCOC3 | Corporate Accounting I | Core | 4 | Issue of Shares and Debentures, Forfeiture and Re-issue, Redemption of Debentures, Underwriting of Shares, Company Final Accounts |
| 22UCOB1 | Principles and Practice of Banking | Core Specialization | 4 | Indian Banking System, Types of Banks, Banker-Customer Relationship, Deposit and Loan Products, Negotiable Instruments |
| 22UCOM1 | Management Accounting | Allied | 4 | Introduction to Management Accounting, Fund Flow Statement, Cash Flow Statement, Ratio Analysis, Budgetary Control |
| 22UCOS2 | Computer Applications in Business | Part IV Skill Based | 2 | MS Office for Business, Data Management using Spreadsheets, Presentation Tools, Basic Internet Applications, E-commerce Fundamentals |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| TAM4 | Tamil / Other Language Paper IV | Part I Language | 3 | Folklore and Regional Literature, Modern Prose, Translation Techniques, Historical Narratives, Cultural Expressions |
| ENG4 | English Paper IV | Part II Language | 3 | Professional Communication, Resume Building, Interview Skills, Group Discussion Techniques, Technical Writing |
| 22UCOC4 | Corporate Accounting II | Core | 4 | Valuation of Goodwill and Shares, Amalgamation and Absorption, Internal Reconstruction, Liquidation of Companies, Holding Company Accounts |
| 22UCOB2 | Financial Services | Core Specialization | 4 | Merchant Banking, Leasing and Hire Purchase, Factoring and Forfaiting, Venture Capital, Credit Rating |
| 22UCOP1 | E-Commerce | Allied | 4 | Introduction to E-Commerce, Business Models, E-Payment Systems, Online Marketing, Cyber Security in E-Commerce |
| 22UCOS3 | Value Added Course | Part IV Skill Based | 2 | Ethics in Business, Entrepreneurship Development, Personal Financial Planning, Digital Marketing Basics, Stress Management |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22UCOC5 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Process Costing |
| 22UCOC6 | Auditing | Core | 4 | Introduction to Auditing, Internal Control System, Vouching and Verification, Company Audit, Audit Report |
| 22UCOB3 | Indian Financial System | Core Specialization | 4 | Structure of Indian Financial System, Financial Markets (Money & Capital), Financial Institutions (RBI, Commercial Banks), Financial Instruments, Regulatory Framework (SEBI, IRDAI) |
| 22UCOB4 | Principles of Insurance | Core Specialization | 4 | Nature and Scope of Insurance, Principles of Insurance, Types of Insurance (Life, General), Reinsurance, IRDAI Regulations |
| 22UCOD1 | Discipline Specific Elective 1 | Elective | 3 | Investment Management, Financial Derivatives, International Banking, Risk Management in Banking, Rural Banking |
| 22UCON1 | Non Major Elective 1 | Non-Major Elective | 2 | Consumer Protection, Human Rights, Disaster Management, Women''''s Rights, Intellectual Property Rights |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22UCOC7 | Income Tax Law and Practice | Core | 4 | Basic Concepts of Income Tax, Heads of Income (Salary, House Property), Profits and Gains of Business, Capital Gains and Other Sources, Deductions and Tax Computations |
| 22UCOC8 | Marketing | Core | 4 | Fundamentals of Marketing, Marketing Mix (4 Ps), Market Segmentation, Product Life Cycle, Digital Marketing |
| 22UCOB5 | Life and Health Insurance | Core Specialization | 4 | Life Insurance Products, Health Insurance Products, Underwriting in Life and Health, Claims Management, Regulatory Aspects of Life & Health |
| 22UCOB6 | General Insurance | Core Specialization | 4 | Motor Insurance, Fire Insurance, Marine Insurance, Miscellaneous Insurance, Reinsurance Concepts |
| 22UCOD2 | Discipline Specific Elective 2 | Elective | 3 | Financial Management, Microfinance, Foreign Exchange Management, Wealth Management, Customer Relationship Management in Banking |
| 22UCON2 | Non Major Elective 2 | Non-Major Elective | 2 | Yoga for Human Excellence, Sports and Physical Fitness, Rural Development, Photography Basics, Basic Computer Hardware |
