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B-COM in Banking Insurance at University of Calicut
Malappuram, Kerala
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About the Specialization
What is Banking Insurance at University of Calicut Malappuram?
This Banking Insurance program at University of Calicut focuses on providing a comprehensive understanding of the financial services sector, specifically banking operations and insurance principles. It addresses the evolving landscape of India''''s financial industry, preparing students for roles in commercial banks, insurance companies, and financial advisory firms. The program emphasizes both theoretical knowledge and practical application, crucial for navigating the dynamic Indian financial market.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into the rapidly expanding banking and insurance sectors in India, as well as those looking for career growth in financial services. It suits individuals with a strong aptitude for numbers, analytical thinking, and an interest in financial regulations and risk management. Students from a commerce background with a desire to build a career in finance will find this specialization particularly beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue diverse career paths such as Bank Officers, Insurance Agents/Advisors, Underwriters, Claims Adjusters, and Financial Analysts in India. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with experienced professionals earning significantly more. The program also lays a strong foundation for pursuing professional certifications like NISM, IRDAI agent licenses, and further studies like MBA in Finance.
Student Success Practices
Foundation Stage
Master Financial Accounting Fundamentals- (Semester 1-2)
Develop a strong grasp of basic accounting principles, journal entries, ledger posting, and preparation of final accounts. Utilize online resources like ICAI modules (free access for students), YouTube tutorials on Tally or basic accounting software, and practice problems from standard textbooks.
Tools & Resources
ICAI study material, Tally Education resources, solved accounting problems
Career Connection
Essential for any finance role, it builds the bedrock for understanding financial statements, crucial for banking and insurance analysis.
Build Foundational Economic & Business Acumen- (Semester 1-2)
Actively follow economic news, read business newspapers (e.g., Economic Times, Business Standard), and understand basic micro and macro-economic concepts. Participate in college debates or clubs discussing current business affairs to improve critical thinking and communication.
Tools & Resources
Business newspapers, RBI publications, NPTEL videos on Economics
Career Connection
Develops an understanding of the broader financial environment affecting banking and insurance, making you a more informed candidate for interviews.
Cultivate Strong Business Communication Skills- (Semester 1-2)
Focus on improving written and verbal communication through report writing, presentations, and group discussions in common courses. Join Toastmasters clubs or participate in college''''s English literary association. Practice writing clear, concise emails and formal letters.
Tools & Resources
Grammarly, public speaking workshops, college communication labs
Career Connection
Crucial for client interaction, team collaboration, and professional correspondence in both banking and insurance roles.
Intermediate Stage
Deep Dive into Banking & Insurance Core Principles- (Semester 3-5)
Beyond textbook learning, research current banking products, regulatory changes (e.g., by RBI, IRDAI), and different types of insurance policies in India. Consider online short courses or certifications on banking fundamentals (e.g., from NISM) or basic insurance concepts.
Tools & Resources
RBI website, IRDAI website, NISM certifications (e.g., Investment Advisor Level 1), online courses like Coursera/edX
Career Connection
Provides specialized knowledge, demonstrating a strong interest and readiness for specific roles in the banking and insurance sectors.
Develop Analytical & Quantitative Skills- (Semester 3-5)
Excel in subjects like Business Statistics and Quantitative Techniques. Practice solving case studies involving financial data analysis. Learn basic Excel functions for financial calculations and data visualization. Participate in inter-college business quizzes or data analysis competitions.
Tools & Resources
Microsoft Excel, SPSS (basic usage), quantitative aptitude books for competitive exams
Career Connection
Highly valued in banking for risk assessment, financial modeling, and in insurance for actuarial analysis and product pricing.
Seek Practical Industry Exposure through Internships/Projects- (Semester 3-5)
Actively look for summer internships in local banks, cooperative banks, or insurance agencies. If formal internships are difficult, undertake a mini-project focused on a banking or insurance topic (e.g., ''''Analysis of NPAs in a regional bank'''' or ''''Customer perception of health insurance'''').
Tools & Resources
College placement cell, LinkedIn, local business directories
Career Connection
Hands-on experience is invaluable for understanding industry operations, building a professional network, and enhancing your resume for placements.
Advanced Stage
Prepare for Placement & Professional Certifications- (Semester 6)
Focus on interview preparation, resume building, and mock interviews. Simultaneously, pursue relevant certifications like NISM Series V-A (Mutual Fund Distributors) or IRDAI pre-licensing training to enhance employability. Attend campus recruitment drives and career fairs.
Tools & Resources
Campus placement cell, NISM study materials, IRDAI training centers, LinkedIn profiles of professionals
Career Connection
Direct preparation for securing entry-level positions in banking, insurance, or financial advisory firms immediately after graduation.
Undertake a Specialization-Focused Research Project- (Semester 6)
For the compulsory project, choose a topic directly related to Banking or Insurance that addresses a current industry challenge or trend in India (e.g., ''''Impact of Digital Banking on Rural Customers'''' or ''''Growth of Micro-insurance in Kerala''''). This demonstrates deep engagement and analytical skills.
Tools & Resources
Academic databases, industry reports, faculty guidance, statistical software
Career Connection
Showcases independent research capability and specialized knowledge, making you stand out to recruiters in your chosen field.
Network with Industry Professionals & Alumni- (Semester 6)
Attend webinars, seminars, and industry events organized by local chambers of commerce or financial institutions. Connect with alumni working in banking and insurance through LinkedIn or college alumni networks. Seek mentorship and career advice from experienced professionals.
Tools & Resources
LinkedIn, alumni networks, industry associations (e.g., IBA, FICCI)
Career Connection
Expands your professional circle, potentially leading to job opportunities, informational interviews, and insights into career progression within the financial sector.
Program Structure and Curriculum
Eligibility:
- A candidate who has passed Plus Two or equivalent examination or Commerce with not less than 45% marks in aggregate is eligible for admission to B.Com. Degree programme. Relaxation: 5% in marks for OBC/OEC and a pass for SC/ST.
Duration: 6 semesters / 3 years
Credits: 120 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| A01 | Communication Skills in English | Common Course | 4 | Fundamentals of Communication, Types of Communication, Effective Listening, Reading and Writing Skills, Presentation Techniques |
| A02 | Critical Thinking & Academic Writing | Common Course | 3 | Critical Reading, Argumentation, Research Skills, Academic Essay Writing, Referencing Styles |
| A03 | Second Language (e.g., Malayalam/Hindi/Arabic) | Common Course | 4 | Language Fundamentals, Grammar, Reading Comprehension, Vocabulary Development, Basic Conversation |
| A04 | Second Language (e.g., Malayalam/Hindi/Arabic) | Common Course | 3 | Literary Texts, Poetry and Prose, Cultural Context, Advanced Grammar, Creative Writing |
| CO1B01 | Business Management | Core | 4 | Introduction to Management, Functions of Management (POSDC), Planning and Decision Making, Organizing and Staffing, Directing and Controlling |
| CO1B02 | Financial Accounting | Core | 4 | Accounting Concepts and Principles, Journal and Ledger, Trial Balance and Errors, Preparation of Final Accounts, Depreciation Accounting |
| CO1C01 | Business Regulatory Framework | Complementary | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Consumer Protection Act, 2019, Negotiable Instruments Act, 1881, Indian Partnership Act, 1932 |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| A05 | Literature and Contemporary Issues / Academic Skills | Common Course | 4 | Literary Analysis, Social Issues in Literature, Research and Referencing, Report Writing, Public Speaking |
| A06 | Public Relations and Advertising | Common Course | 3 | Introduction to PR, PR Tools and Techniques, Advertising Concepts, Media Planning, Ethics in PR and Advertising |
| A07 | Second Language (e.g., Malayalam/Hindi/Arabic) | Common Course | 4 | Language for Communication, Official Correspondence, Cultural Studies, Translation Practice, Mass Media Language |
| A08 | Second Language (e.g., Malayalam/Hindi/Arabic) | Common Course | 3 | Literary Criticism, Modern Literature, Regional Writings, Folk Arts and Culture, Advanced Comprehension |
| CO2B03 | Corporate Accounting | Core | 4 | Issue of Shares and Debentures, Forfeiture and Reissue, Final Accounts of Companies, Amalgamation and Absorption, Internal Reconstruction |
| CO2B04 | Marketing Management | Core | 4 | Marketing Concepts and Environment, Market Segmentation, Product Life Cycle, Pricing Strategies, Promotion and Distribution Channels |
| CO2C02 | Principles of Micro Economics | Complementary | 4 | Demand and Supply Analysis, Consumer Behaviour, Production and Cost Analysis, Market Structures, Factor Pricing |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| A09 | General Informatics / Entrepreneurship | Common Course | 4 | Basics of Computer, Internet and E-Commerce, Operating Systems, Cyber Security, Data Management |
| CO3B05 | Banking and Insurance | Core | 4 | Evolution of Banking, Commercial Banks and Central Bank, Credit Instruments, Principles of Insurance, Types of Insurance |
| CO3B06 | Business Statistics | Core | 4 | Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers |
| CO3C03 | Principles of Macro Economics | Complementary | 4 | National Income Accounting, Consumption and Investment, Money and Banking, Inflation and Deflation, Business Cycles |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| A11 | Basic Numerical Skills | Common Course | 4 | Arithmetic Progressions, Geometric Progressions, Ratio and Proportion, Percentage and Interest, Matrices and Determinants |
| CO4B07 | Financial Management | Core | 4 | Goals of Financial Management, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Dividend Policy |
| CO4B08 | Quantitative Techniques for Business | Core | 4 | Linear Programming, Transportation Problem, Assignment Problem, Network Analysis (PERT/CPM), Decision Theory |
| CO4B09 | Entrepreneurship Development | Core | 4 | Concept of Entrepreneurship, Entrepreneurial Process, Business Plan Preparation, Project Formulation and Appraisal, Support to Entrepreneurship |
| CO4C04 | Indian Financial System | Complementary | 4 | Structure of Indian Financial System, Financial Institutions, Money Market, Capital Market, SEBI and its functions |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO5B10 | Cost Accounting | Core | 4 | Concepts of Cost, Cost Sheet, Material Costing, Labour Costing, Overhead Costing |
| CO5B11 | Income Tax Law and Practice | Core | 4 | Basic Concepts of Income Tax, Residential Status, Income from Salary, Income from House Property, Deductions from Gross Total Income |
| CO5B12 | Auditing and Assurance | Core | 4 | Introduction to Auditing, Types of Audit, Internal Control System, Audit Report, Professional Ethics of Auditor |
| CO5B13 | Business Research Methods | Core | 4 | Research Design, Data Collection Methods, Sampling Techniques, Hypothesis Testing, Report Writing |
| CO5B14(B) | Principles and Practice of Banking | Elective - Banking Insurance | 4 | Banking System in India, RBI and Monetary Policy, Commercial Banking Operations, Negotiable Instruments, Customer Relationships and Services |
| CO5B15(B) | Principles and Practice of Insurance | Elective - Banking Insurance | 4 | Nature and Principles of Insurance, Life Insurance Products, General Insurance Products, Reinsurance, IRDAI and Regulations |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO6B16 | Accounting for Management | Core | 4 | Management Accounting Scope, Ratio Analysis, Fund Flow Statement, Cash Flow Statement, Budgetary Control |
| CO6B17 | Goods and Services Tax (GST) | Core | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Registration and Returns, GST Council and Administration |
| CO6B18 | Capital Market and Financial Services | Core | 4 | Primary and Secondary Market, Stock Exchanges, Merchant Banking, Leasing and Hire Purchase, Mutual Funds |
| CO6B19 | Corporate Law and Governance | Core | 4 | Company Formation and Kinds of Companies, Shares and Debentures, Meetings of Board and Shareholders, Directors and their Responsibilities, Corporate Governance Principles |
| CO6B20(B) | Financial Markets and Services | Elective - Banking Insurance | 4 | Money Market Instruments, Capital Market Instruments, Derivatives (Futures & Options), Factoring and Forfaiting, Housing Finance and Venture Capital |
| CO6B21(B) | Life and General Insurance | Elective - Banking Insurance | 4 | Types of Life Assurance Policies, Health Insurance, Motor Insurance, Fire Insurance, Marine Insurance |
| CO6B22 | Project and Viva Voce | Project | 4 | Research Topic Selection, Methodology and Data Collection, Data Analysis and Interpretation, Report Writing, Viva Voce Examination |
