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B-COM in Banking Insurance at Vidya Rashmi First Grade College
Dakshina Kannada, Karnataka
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About the Specialization
What is Banking & Insurance at Vidya Rashmi First Grade College Dakshina Kannada?
This Banking & Insurance program at Vidyarashmi First Grade College focuses on equipping students with a comprehensive understanding of the financial services sector in India. It delves into the operational, regulatory, and strategic aspects of banking and insurance, preparing graduates for a dynamic industry. The program emphasizes both theoretical foundations and practical applications relevant to the Indian financial landscape, covering areas like financial markets, principles of banking, and various insurance types.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into India''''s rapidly growing banking and insurance sectors. It is also suitable for commerce students aiming for specialized knowledge in financial services, and individuals aspiring to roles in financial advisory, risk management, or client relations within Indian banks, insurance companies, and financial institutions. A strong aptitude for numbers and financial concepts is beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding career paths in commercial banks, private banks, public sector banks, and both life and general insurance companies across India. Entry-level salaries typically range from INR 2.5 Lakhs to 4.5 Lakhs per annum, with significant growth trajectories into managerial and specialized roles. The curriculum also aligns with requirements for professional certifications like IRDAI agent exams and banking recruitment drives.
Student Success Practices
Foundation Stage
Build Strong Accounting and Economic Fundamentals- (Semester 1-2)
Focus intently on mastering Financial Accounting and Business Economics concepts in the initial semesters. Utilize online resources like Khan Academy for basic accounting tutorials and NPTEL courses for economic principles to supplement classroom learning. Form study groups to solve problems collaboratively and prepare for examinations.
Tools & Resources
Khan Academy, NPTEL videos, College Library resources
Career Connection
A solid foundation in these core subjects is critical for understanding advanced financial topics and performing well in entry-level roles in banking operations, financial analysis, or insurance underwriting.
Enhance Digital Literacy and Communication Skills- (Semester 1-2)
Actively participate in Computer Applications in Business sessions, focusing on advanced Excel functions and data presentation. Simultaneously, dedicate time to improving English communication and presentation skills through debates, public speaking clubs, and formal report writing practice, which are vital for customer-facing roles.
Tools & Resources
MS Excel, PowerPoint, Toastmasters (if available), Grammarly
Career Connection
Proficiency in digital tools and effective communication are highly sought after by recruiters in the modern banking and insurance industry, improving employability and client interaction skills.
Engage with Current Affairs and Financial News- (Semester 1-2)
Regularly read leading financial newspapers like The Economic Times, Business Standard, and business magazines. Follow news related to RBI policies, banking reforms, and IRDAI regulations to understand the real-world application of theoretical concepts. Discuss current events in class to foster critical thinking.
Tools & Resources
The Economic Times, Business Standard, Mint, Moneycontrol.com
Career Connection
Staying informed about the Indian financial landscape is crucial for interviews, professional development, and making informed decisions in a banking or insurance career.
Intermediate Stage
Deep Dive into Specialization Electives- (Semester 3-4)
Beyond classroom learning, actively research current trends in Financial Services and the Principles and Practice of Banking. Explore case studies of Indian financial institutions and regulatory changes. Seek opportunities for mini-projects or presentations on specific banking/insurance products.
Tools & Resources
RBI Annual Reports, IRDAI Publications, JM Financial Reports
Career Connection
Specialized knowledge directly translates to better performance in interviews for banking and insurance roles and provides a competitive edge for specific industry functions.
Pursue Certification Courses and Workshops- (Semester 3-4)
Look for short-term certification courses offered by NISM (National Institute of Securities Markets) or NISM-certified training providers in areas like mutual funds, equity derivatives, or banking operations. Attend industry-specific workshops and webinars organized by professional bodies or colleges.
Tools & Resources
NISM Certifications, IIBF (Indian Institute of Banking & Finance) courses, Coursera/edX financial courses
Career Connection
These certifications add significant value to your resume, demonstrating practical skills and commitment to the financial sector, enhancing placement prospects.
Develop Quantitative and Analytical Skills- (Semester 3-4)
Focus on excelling in Business Statistics and Quantitative Techniques. Practice solving problems using tools like Excel or basic statistical software. Engage in data analysis projects to apply theoretical knowledge to practical business scenarios, which is vital for financial modeling.
Tools & Resources
Microsoft Excel, R/Python (basic for data analysis), Online problem-solving platforms
Career Connection
Strong quantitative and analytical skills are indispensable for roles in risk management, financial analysis, and investment banking within the Indian financial market.
Advanced Stage
Undertake Industry Internships and Live Projects- (Semester 5-6)
Actively seek out internships with local banks, insurance companies, or financial advisory firms during semester breaks. Participate in college-facilitated live projects or research opportunities related to General Insurance, Life Insurance, or International Banking & Finance to gain hands-on experience and network.
Tools & Resources
College Placement Cell, LinkedIn, Internshala
Career Connection
Internships are crucial for practical exposure, building industry contacts, and often lead to pre-placement offers, significantly boosting career readiness.
Master Regulatory Compliance and Risk Management- (Semester 5-6)
Develop a deep understanding of Income Tax Law, GST, and Risk Management principles, with an emphasis on Indian regulations. Analyze recent regulatory changes and their impact on financial institutions. This knowledge is paramount for compliance roles and understanding business operations.
Tools & Resources
Income Tax Act, 1961, CGST Act, 2017, Basel Norms (basic understanding)
Career Connection
Expertise in regulatory frameworks and risk management is highly valued in banking and insurance, preparing students for compliance, audit, and risk analyst positions.
Prepare for Placements and Professional Interviews- (Semester 5-6)
Engage in mock interviews, group discussions, and aptitude test preparation. Work on building a professional resume and LinkedIn profile highlighting specialization and skills. Practice articulating your knowledge of Banking & Insurance concepts and current industry trends effectively.
Tools & Resources
College Placement Cell workshops, Online aptitude tests, Professional resume builders
Career Connection
Dedicated placement preparation ensures confidence and readiness for recruitment processes, increasing the likelihood of securing desirable job offers in India''''s competitive financial sector.
Program Structure and Curriculum
Eligibility:
- A candidate who has passed the two-year Pre-University Examination conducted by the Karnataka Pre-University Education Board or any other examination considered as equivalent thereto by Mangalore University is eligible for admission to this programme.
Duration: 3 years (6 semesters)
Credits: 132 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC C 101 | English I | Core | 3 | Communication Skills, Grammar and Usage, Vocabulary Building, Report Writing, Public Speaking |
| BC C 102 | Kannada / Sanskrit / Hindi / Malayalam / Additional English I | Core | 3 | Prose and Poetry, Basic Grammar, Comprehension, Composition, Cultural Context |
| BC C 103 | Financial Accounting I | Core | 4 | Accounting Principles, Journal and Ledger, Trial Balance, Final Accounts, Rectification of Errors |
| BC C 104 | Principles of Marketing | Core | 4 | Marketing Concepts, Market Segmentation, Product Life Cycle, Pricing Strategies, Promotion Mix |
| BC C 105 | Business Economics I | Core | 4 | Microeconomics Principles, Demand and Supply, Production Analysis, Market Structures, Pricing under Competition |
| BC SE 106 | Computer Applications in Business | Skill Enhancement | 2 | MS Office Suite, Spreadsheet Applications, Presentation Tools, Database Concepts, Internet and Web |
| BC AE 107 | Indian Constitution | Ability Enhancement | 2 | Constitutional Framework, Fundamental Rights, Directive Principles, Parliamentary System, Judiciary |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC C 201 | English II | Core | 3 | Literary Appreciation, Critical Reading, Creative Writing, Interviews and Group Discussions, Official Correspondence |
| BC C 202 | Kannada / Sanskrit / Hindi / Malayalam / Additional English II | Core | 3 | Advanced Prose and Poetry, Literary Forms, Translation Skills, Essay Writing, Regional Literature |
| BC C 203 | Financial Accounting II | Core | 4 | Consignment Accounts, Joint Venture, Branch Accounts, Departmental Accounts, Partnership Accounts |
| BC C 204 | Principles of Management | Core | 4 | Management Theories, Planning and Decision Making, Organizing Structure, Directing and Motivation, Controlling Techniques |
| BC C 205 | Business Economics II | Core | 4 | Macroeconomic Concepts, National Income, Inflation and Deflation, Monetary and Fiscal Policy, International Trade |
| BC SE 206 | E-Commerce | Skill Enhancement | 2 | E-Commerce Models, Online Marketing, Payment Gateways, Cyber Security, Legal Aspects of E-Commerce |
| BC AE 207 | Human Rights and Environmental Studies | Ability Enhancement | 2 | Human Rights Concepts, Environmental Ecology, Pollution Control, Sustainable Development, Global Environmental Issues |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC C 301 | English III | Core | 3 | Business Communication, Advanced Grammar, Report Writing, Interview Skills, Professional Etiquette |
| BC C 302 | Corporate Accounting I | Core | 4 | Share Capital, Debentures, Final Accounts of Companies, Cash Flow Statement, Accounting Standards |
| BC C 303 | Business Statistics | Core | 4 | Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers |
| BC C 304 | Financial Institutions and Markets | Core | 4 | Indian Financial System, Money Market, Capital Market, Financial Intermediaries, SEBI Regulations |
| BC E 305.2 | Financial Services | Specialization Elective (Banking & Insurance) | 4 | Overview of Financial Services, Merchant Banking, Leasing and Hire Purchase, Factoring and Forfaiting, Mutual Funds |
| BC OE 306 | Open Elective I | Open Elective | 3 | |
| BC AE 307 | Value Education / Life Skills | Ability Enhancement | 2 | Ethics and Values, Decision Making, Stress Management, Interpersonal Skills, Goal Setting |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC C 401 | English IV | Core | 3 | Public Relations, Negotiation Skills, Presentation Techniques, Cross-cultural Communication, Report Analysis |
| BC C 402 | Corporate Accounting II | Core | 4 | Amalgamation, Reconstruction, Liquidation of Companies, Holding Company Accounts, Valuation of Shares and Goodwill |
| BC C 403 | Quantitative Techniques for Business | Core | 4 | Operations Research, Linear Programming, Transportation Problem, Assignment Problem, Network Analysis (PERT/CPM) |
| BC C 404 | Income Tax Law and Practice I | Core | 4 | Basic Concepts of Income Tax, Residential Status, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession |
| BC E 405.2 | Principles and Practice of Banking | Specialization Elective (Banking & Insurance) | 4 | Commercial Banking, Reserve Bank of India, Banker-Customer Relationship, Negotiable Instruments, Digital Banking |
| BC OE 406 | Open Elective II | Open Elective | 3 | |
| BC SE 407 | Skill Enhancement Course | Skill Enhancement | 2 |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC C 501 | Cost Accounting | Core | 4 | Cost Concepts, Material Costing, Labor Costing, Overhead Costing, Cost Sheet |
| BC C 502 | Business Law | Core | 4 | Indian Contract Act, Sale of Goods Act, Negotiable Instruments Act, Consumer Protection Act, Companies Act |
| BC C 503 | Income Tax Law and Practice II | Core | 4 | Income from Capital Gains, Income from Other Sources, Set-off and Carry Forward of Losses, Deductions from Gross Total Income, Assessment of Individuals |
| BC C 504 | Auditing | Core | 4 | Auditing Principles, Types of Audit, Internal Control, Audit Procedures, Audit Report |
| BC E 505.2 | General Insurance | Specialization Elective (Banking & Insurance) | 4 | Principles of General Insurance, Fire Insurance, Marine Insurance, Motor Insurance, Health and Miscellaneous Insurance |
| BC E 506.2 | Life Insurance | Specialization Elective (Banking & Insurance) | 4 | Principles of Life Insurance, Types of Life Insurance Policies, Premium Calculation, Annuities and Riders, Settlement of Claims |
| BC SE 507 | Skill Enhancement Course | Skill Enhancement | 2 |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC C 601 | Management Accounting | Core | 4 | Nature of Management Accounting, Ratio Analysis, Fund Flow Statement, Cash Flow Statement, Budgetary Control |
| BC C 602 | Goods and Services Tax (GST) | Core | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Place of Supply, GST Procedures |
| BC C 603 | Marketing Management | Core | 4 | Marketing Environment, Consumer Behavior, Product Decisions, Distribution Channels, Promotional Strategies |
| BC C 604 | Project Work / Internship | Core (Practical) | 4 | Research Methodology, Data Collection and Analysis, Report Writing, Presentation Skills, Industry Exposure |
| BC E 605.2 | International Banking & Finance | Specialization Elective (Banking & Insurance) | 4 | Foreign Exchange Market, International Monetary System, International Financial Institutions, International Investment, Global Financial Crises |
| BC E 606.2 | Risk Management | Specialization Elective (Banking & Insurance) | 4 | Introduction to Risk Management, Types of Risks, Risk Measurement, Risk Control Techniques, Enterprise Risk Management |
