BBA in Banking & Insurance

Banking & Insurance is a vast sector that is ever-evolving and recession-proof. Opportunities in this sector can be considered as the most sought-after for graduates because they are well-paid, secured, and command a good status in society.

Banking and Insurance experts are part of an increasingly innovative and dynamic field that attracts people from all walks of life. The industries are also increasingly essential and diverse and hence affect almost all citizens of any country. Problem-solving, sharpness, and resilience are some of the important skills to have to stand out in this industry.

Over the last two decades, the field of banking, finance, and insurance has become increasingly technical, specialized, and competitive. The entry of global leaders had led to many innovations in IT which has, in turn, revolutionized this industry. Hence many interesting roles have emerged for those who want to specialize in this sector.

Why take up BBA in Banking & Insurance?

• High Growth sector - The capital value of the global banking industry was identified as 7.3 Trillion Euros as of 2020 and has been experiencing a steady growth rate for the past two decades. According to a Swiss RE report, the global insurance premium market, in 2019, reached USD 6.3 trillion. While life products are predicted to grow at 8.5%, in non-life, double-digit growth is expected in 2021 and 2022.
• Job security - Insurance and banking have been around for centuries and will stay as long as people continue to encourage savings, expect attractive interest rates, acquire credits, need medical care, drive cars, own homes, and run businesses. Particularly during a recession, insurance is more stable than other fields, that’s because no matter the economy, people and businesses always need protection from risks.
• Transferrable skills & Global mobility - In the technologically driven world of banking and insurance the experience in one geography can be easily leveraged in another geography, hence professionals in this sector find fitment for jobs in other geographies and countries.

Hence, there is potential for you to be working in the financial center of another continent - from New York to Singapore, Hong Kong to Tokyo.

• Salary trends - In Banking, the median salary is around $55,000 whereas the upper range is between $1,50,000 to $2,00,000. In Insurance, the median salary is around $ 51,000 whereas the upper range is between $ 1,50,000 to $ 2,00,000. There is a scope of going much higher than this on getting closer to being admitted to C -suite roles.
• Insurance offers a flexible work schedule - Put it this way: It’s likely your insurance job won’t entail sitting behind a desk 24/7. Depending on your position, you may be working in the field to conduct insurance business. The industry respects millennials’ need to create their own lives, where family, friends, hobbies, and work come together in balance.
• The next big multi-bagger opportunity - When we talk about insurance, from a push product it has now become a need-based product. Currently, the penetration of insurance is primarily more in the urban areas as compared to semi-urban and rural areas. Most Tier 3 cities and some urban areas look at Insurance as a savings product and not a protection or hedge-based product. However, with the increasing awareness of its importance, it can be reasonably predicted that it can grow between 15 to 20% for the next foreseeable future, as per an Economic Times report.

*Title recognized by the State: This program leads to obtaining the level 6 title of Responsable du développement et du pilotage Commercial, certification registered with the RNCP by decree of March 30, 2020, issued by Ascencia for the College de Paris.

Some of the exciting opportunities and industries to pick from would be:

• New age roles - Investment Banking analyst, Wealth advisor, Risk Manager, Treasury Analyst, Forex Trader, Actuarial analyst, Underwriting Specialists, Algorithm Architect, Channel Sales, and Partnerships specialist
• Other exciting opportunities - Asset Manager, Internal Auditor, Credit Analyst, Loan Officer, Financial Manager, Relationship Manager, Insurance Counselor, Insurance Investigator, Insurance Risk Manager, Loss Control Agent, and Insurance Claim Adjuster

The financial industry will continue to grow stronger in the years to come.

About our Partner University

EUCLEA Business School, France

• EUCLEA Business School is a Private Higher Education degree-granting institution, a leader in research and education in human resources, management, marketing, business strategy, etc, and offers a range of higher education suitable for all types of profiles and careers.
• As a part of CDP Group Paris, students benefit from an extensive portfolio of programmes and a truly global educational experience with over 20 member schools, 7500 students per year of which 25% are foreigners, and 25000 trainees in continuing education.
• The master’s/bachelor’s degree will be awarded by EUCLEA Business School, a Higher Education degree-granting institution recognized by the State and the French Ministry of Higher Education, Research and Innovation.
• This qualification of higher education at Level 6 and Level 7 is recognized by the French Ministry of Labor as Certified Qualification of level I within the National Directory of Professional Certification (RNCP) and is given equivalence by WES Canada, UK ENIC-NARIC.
• Students can take a seamless transfer to EUCLEA campuses in France for a dual country experience and the benefits of a Schengen region country (Dubai + Europe).