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Overview
MBA in Insurance: MBA Insurance is a 2-year course for postgraduates. 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.
MBA 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.
Why MBA in Insurance?
Insurance underwriters, claims investigators, financial managers, labor relations managers, risk management consultants, organizational planning directors, inventory administrators, benefits and wage managers can advance their career prospects and professional expertise by obtaining a deep and specialized understanding of the subject
What is MBA in Insurance?
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 eligibility criteria for MBA Insurance, students must qualify bachelor’s degree with minimum 50% marks in any stream.
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.
Types of Course
MBA Insurance Courses
MBA Insurance Course details are given below:
| Duration | 2 year |
| Eligibility | Bachelor’s degree with 50% marks and valid scores in any MBA exams of national level. |
| Admission Process | Merit-based as well as Entrance-based |
| Course Fee | INR 16,000 to 12 lakhs |
| Average Salary | INR 4 to 14 Lakhs per annum |
Admission Process
MBA Insurance Admission Process
MBA in Insurance admission process are divide into four steps:
- Apply for MBA Entrance Exams
- Attend the Entrance Exam
- Shortlisting Process
- Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI)
Eligibility
MBA Insurance Eligibility
The eligibility criteria for MBA Insurance are as follows:
| Parameters | Description |
|---|---|
| Minimum Educational Qualification | Graduation |
| Minimum Marks | 50% (General and NC/OBC) |
| Relaxation for Reserved Categories | 45% |
| Age Limit | None |
Admission
MBA Insurance Admission 2021
MBA Insurance Admission is divide in three steps which are given below:
- Apply for the Entrance Exams (CAT, CMAT, MAT, SNAP, XAT etc.)
- Appear at Entrance Exams & Pass the Cutoff
- Final Admission Round (Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI))
Subjects
MBA Insurance Subjects
List of subjects of MBA Insurance Subjects are as follow:
- Claims Management
- Corporate Legal Environment
- Financial and Estate Planning
- Financial Statement Analysis
- Indian Insurance Industry
- Insurance and Risk
- Insurance Marketing
- Insurance Pricing and Marketing
- Introduction to Insurance
- Life and Non-life Insurance
- Role and Need for Insurance in Companies
- Role of Information Technology in Insurance
- Strategic Management
- Tax Planning
Colleges in India
MBA Insurance Colleges in India
The following are the colleges in India that are offered MBA in Insurance :
| College Name | Fees |
|---|---|
| SRM Institute of Science and Technology, Kattankulathur | INR 6.5 lakh |
| Lovely Professional University, Jalandhar | INR 3 lakh |
| Amity Global Business School, Noida | INR 3.6 lakh |
| Jamia Millia Islamia, Delhi | INR 16,150 |
| Chandigarh University, Chandigarh | INR 1.8 lakh |
| JSS Academy of Higher Education and Research, Mysore | INR 1.79 lakh |
Colleges in Abroad
MBA Insurance Colleges Abroad
MBA in Insurance Abroad is trendy course in Canada, United States, United Kingdom etc. It is 01-02 years course. The following are the colleges in Abroad (Canada, United States, United Kingdom) that are offered MBA in Insurance: .
| College Name | Fees |
|---|---|
| Pace University, USA | INR 32.49 Lakhs |
| Fanshawe College, Canada | INR 15.26 Lakhs |
| Queen's University Belfast, UK | INR 19.8 Lakhs |
| Glasgow Caledonian University, UK | INR 15.52 Lakhs |
Scope
MBA Insurance Scope
This field is full of career opportunities with a secure future. Various banks and multinational organizations provide facilities to their employees.
- Students opt this field are well paid and have a bright career.
- Students can pursue other degree programs like PhD in insurance or PhD in risk management or can pursue MBA in risk management, MBA in finance.
- The best job opportunities after MBA in insurance are accounting manager, chief financial officer, cash manager, investment banking associate, credit manager, etc.
- State Bank of India is an Indian multinational, Public sector banking and financial services, HDFC Bank, and many other banks are recruiting areas.
.
Jobs
MBA Insurance Fresher Jobs
MBA Insurance fresher can apply fob in the field of Insurance. Some of Job profiles are as follow:-
- Business Analyst
- Financial Manager
- Fund Manager
- Internal Auditor
- Risk Manager
Salary
MBA Insurance Salary in India
Average Salary of Some Job profiles in the Insurance field are as follow:
| Job profile | Average Salary |
|---|---|
| Business Analyst | ₹ 4 Lakhs |
| Financial Manager | ₹ 7.5 Lakhs |
| Fund Manager | ₹ 7 Lakhs |
| Internal Auditor | ₹ 5 Lakhs |
| Risk Manager | ₹ 12 Lakhs |
Frequently Asked Questions (FAQ)
MBA Insurance FAQs
Ques: Which MBA is best for insurance?
Best Online MBA Programs Offering Insurance
- Florida State University.
- John's University (Tobin)
- University of Hawaii--Manoa (Shidler)
- Utica College.
- Missouri State University College of Business.
- Concordia University Wisconsin & Ann Arbor.
- University of Hartford (Barney)
Ques: Is distance education available for MBA Insurance?
Yes, Distance education is available for MBA Insurance. Classes for distance learning are online. You can learn from anywhere in the world.
Admission 2021
MBA Insurance Admission 2021
MBA Insurance Admission is divide in three steps which are given below:
- Apply for the Entrance Exams (CAT, CMAT, MAT, SNAP, XAT etc.)
- Appear at Entrance Exams & Pass the Cutoff
- Final Admission Round (Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI))
Admission Process
MBA Insurance Admission Process
MBA in Insurance admission process are divide into four steps:
- Apply for MBA Entrance Exams
- Attend the Entrance Exam
- Shortlisting Process
- Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI)
Eligibility
MBA Insurance Eligibility
The eligibility criteria for MBA Insurance are as follows:
| Parameters | Description |
|---|---|
| Minimum Educational Qualification | Graduation |
| Minimum Marks | 50% (General and NC/OBC) |
| Relaxation for Reserved Categories | 45% |
| Age Limit | None |
Subjects
MBA Insurance Subjects
List of subjects of MBA Insurance Subjects are as follow:
- Claims Management
- Corporate Legal Environment
- Financial and Estate Planning
- Financial Statement Analysis
- Indian Insurance Industry
- Insurance and Risk
- Insurance Marketing
- Insurance Pricing and Marketing
- Introduction to Insurance
- Life and Non-life Insurance
- Role and Need for Insurance in Companies
- Role of Information Technology in Insurance
- Strategic Management
- Tax Planning
Colleges in India
MBA Insurance Colleges in India
The following are the colleges in India that are offered MBA in Insurance :
| College Name | Fees |
|---|---|
| SRM Institute of Science and Technology, Kattankulathur | INR 6.5 lakh |
| Lovely Professional University, Jalandhar | INR 3 lakh |
| Amity Global Business School, Noida | INR 3.6 lakh |
| Jamia Millia Islamia, Delhi | INR 16,150 |
| Chandigarh University, Chandigarh | INR 1.8 lakh |
| JSS Academy of Higher Education and Research, Mysore | INR 1.79 lakh |
Colleges in Abroad
MBA Insurance Colleges Abroad
MBA in Insurance Abroad is trendy course in Canada, United States, United Kingdom etc. It is 01-02 years course. The following are the colleges in Abroad (Canada, United States, United Kingdom) that are offered MBA in Insurance: .
| College Name | Fees |
|---|---|
| Pace University, USA | INR 32.49 Lakhs |
| Fanshawe College, Canada | INR 15.26 Lakhs |
| Queen's University Belfast, UK | INR 19.8 Lakhs |
| Glasgow Caledonian University, UK | INR 15.52 Lakhs |
Fresher Jobs
MBA Insurance Fresher Jobs
MBA Insurance fresher can apply fob in the field of Insurance. Some of Job profiles are as follow:-
- Business Analyst
- Financial Manager
- Fund Manager
- Internal Auditor
- Risk Manager
Salary
MBA Insurance Salary in India
Average Salary of Some Job profiles in the Insurance field are as follow:
| Job profile | Average Salary |
|---|---|
| Business Analyst | ₹ 4 Lakhs |
| Financial Manager | ₹ 7.5 Lakhs |
| Fund Manager | ₹ 7 Lakhs |
| Internal Auditor | ₹ 5 Lakhs |
| Risk Manager | ₹ 12 Lakhs |
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