Duration :3 years Full - time
Eligibility : XII’ th in Arts/Science or Commerce
India has emerged as the fastest growing major economy in the world and is expected to be one of the top three economic powers of the world over the next 10-15 years, backed by its strong democracy and partnerships.
The Mutual Fund (MF) industry in India has seen rapid growth in Assets Under Management (AUM). Total AUM of the industry stood at Rs 23.16 trillion (US$ 321.00 billion) as of February 2019. The total amount of Initial Public Offerings (IPO) stood at Rs 14,032 crore (US$ 1.94 billion) as of Feb 2019.
Furthermore, India’s leading bourse Bombay Stock Exchange (BSE) will set up a joint venture with Ebix Inc to build a robust insurance distribution network in the country through a new distribution exchange platform. BFSI and Retail sectors emerged as the top employers in the last quarter (October-December 2018) of 2018 and saw the highest talent demand of 14% each in December 2018.
The projected manpower requirement of the BFSI labor force by 2022 is 8.5 million- which is an increase of about 4-4.5 million from where we stand today. (http://www.bfsissc.com/)
Banking, Financial Services and Insurance sector to create 9 lakh jobs in 4 years – a report from Team Lease Services
Banking, Financial Services and Insurance sector ranked first among sectors in India in terms of salary increments – A 2017 report from Team Lease
15-20% of the jobs in BFSI sector to face change by 2022 – Ernst & Young report.
India has a diversified financial sector undergoing rapid expansion, both in terms of strong growth of existing financial services firms and new entities entering the market. The sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds and other smaller financial entities. The banking regulator has allowed new entities such as payments banks to be created recently thereby adding to the types of entities operating in the sector. However, the financial sector in India is predominantly a banking sector with commercial banks accounting for more than 64 per cent of the total assets held by the financial system.
Salient Features of the B.Com Hons. Program:
The target industries are:
- Commercial Banks
- Insurance Companies
- Non-Banking Financial Companies
- Pension Funds
- Mutual Funds
- Other financial entities
Expected Occupation after completion of course are:
- Financial Analyst
- Sr. Business Analyst
- Relationship Manager
- Investment Advisor
- Financial Consultant
- Project Analysis