MBA Insurance is a 2 year course for post graduates. The course involves advanced learning of liability and corporate risk. MBA insurance is a postgraduate banking based course which covers the concepts and rules of banking and insurance. The course involves advanced learning of liability and corporate risk.
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ToggleMBA Insurance course prepares students for solving conflicts, the ability for establishing and maintaining interpersonal relationships, etc. By the end of the degree, students have successfully acquired fundamental and conceptual knowledge and skills to deal with insurance-related problems.
The eligibility criteria for MBA Insurance, students must qualify bachelor’s degree with minimum 50% marks in any stream.
The process for admission in this course is an entrance exam taken by colleges and universities. The entrance exams are CAT (common aptitude test), MAT (management aptitude test), SNAP (symbiosis national aptitude test) and XAT (Xavier aptitude test).
The average fee for the course is INR 1 lakhs to INR 16 lakhs per annum. It depends on the course offered by colleges and universities.
The job profiles after MBA insurance are financial manager, risk manager, fund manager, banking finance, business analyst, internal auditor, etc.
The top recruiting companies are LIC, SBI general insurance, HDFC standard life insurance co. ltd., etc.
The average salary package of 1-4 year experience candidates is INR 2 lakhs to INR 20 lakhs per annum.
Course Type | Post Graduate |
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Duration | 2 Years |
Examination Type | Semester wise |
Admission Process | Merit based/Entrance Based |
Course Fee (INR) | 1 Lakh – 12 Lakh |
Average Salary (INR) | 4 Lakh – 14 Lakh |
Top Recruiting Companies | SBI general insurance, HDFC Bank, Axis Bank, LIC, Royal sundaram etc. |
Job Positions | Financial Manager, Internal Auditor, Banking Finance, Business Analyst, Fund Manager, Risk Management,etc. |
To get admission in the course, Students must have to clear entrance exams taken by respective colleges and universities. The procedure for the admission is:
The eligibility criteria of Master of business administration (insurance) is:
The syllabus for MBA Insurance divided into semester are mentioned below:
Semester 1 | Semester 2 |
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Management concepts and Organizational Behaviour | Marketing Management |
Managerial Economics | Financial Management |
Research methodology | Operations Research and Management |
Accounting for manager | Strategic Management |
Business environment & law | Human Resources Management |
Semester 4 | Semester 5 |
Principles and practice of life insurance | Investment and Portfolio Management |
Principles and practice of general insurance | Fire and motor insurance |
Risk Management and Insurance | Reinsurance |
Insurance Law and regulations | Actuarial Mathematics and services |
Marine and Rural insurance | Marketing of insurance services |
The jobs available after MBA Insurance are mentioned in the table below along with the job role and average annual salary.
Job | Profile Role | Average Annual Salary (INR) |
---|---|---|
Business analyst | The role of Business analyst is to help the organization to improve the procedures and systems. | 6,07,000 |
Internal Auditor | The role of Internal auditor is to give independent assurance that the risk management, governance and internal control procedures are operating effectively. | 4,90,000 |
Fund Manager | The role of fund manager is to implement the fund’s investing strategy and managing its portfolio | 6,98,000 |
Financial Manager | The role of financial manager is to produce financial reports, direct investments, developing and planning strategies for long term financial goals | 7,66,000 |
Risk Manager | The role of risk manager is to analyze, identify the causing accident or loss and recommend the preventive measures. They communicate the risk policies and procedures of an organization. |
Ques. What is MBA Insurance?
Ques. What are the top recruiting companies for MBA in insurance?
Ans. The top recruiting companies for MBA in insurance are Goldman sachs, State bank of india, HDFC, KPMG, Morgan stanley, Boston Consulting group, Bain & Company, JP Morgan Chase & Co., McKinsey & Co., Barclays.
Ques. Is distance education available for MBA Insurance?
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