Symbiosis University of Applied Sciences (SUSA), Indore is a premier institution of higher learning offering quality professional education in multifarious disciplines like Management Engineering, Commerce and Sciences.
To focus on Skill development and employability, Symbiosis University was established in Indore with investment of Rs 200 crores by Dr S B Mujumdar, President and Founder, Symbiosis, and Dr Swati Mujumdar, Vice President, Symbiosis Foundation.
Apart from 2 year full time MBA in Banking Financial Services and Insurance (BFSI), Symbiosis University, Indore offers degree programmes in high growth sectors of CSIT, Mechatronics, Retail, Executive MBA as well as short-term skill-based courses among other graduate and postgraduate programmes. Admission to MBA in BFSI 2021-23 batch is open now and the candidates with 50% marks in graduation who have taken one of the national level or state level MBA entrance tests, can apply for admission.
Symbiosis University of Applied Sciences - SUSA Indore MBA Admission Open: Apply Now
Symbiosis University Indore: Schools
As part of the University, there is a number of Schools offering various programmes. The schools are:
- School of Banking, Financial Services and Insurance
- School of Computer Science and Information Technology
- School of Automobile & Manufacturing Engineering
- School of Mechatronics Engineering
- School of Retail Management
- School of Interdisciplinary Sciences
Symbiosis University Indore: Highlights & USPs
- Symbiosis University, Indore has collaborated with over 20 leading industries in India and 12 German Universities of Applied Sciences.
- Top industry leaders such as Reliance Capital, HDFC Bank, Future Group and Mahindra & Mahindra are setting up their bases on SUAS campus, to provide skill training to students in this unique model of Skill Development,
- Being the 1st Skill University of the India, the University intends to equip the students with updated skills and the technologies to take up the challenges of contemporary work environment in the industry as well as various professions and trades
- 70% of the curricula of various programs at the university is devoted to practical and skills training and 30% is devoted to theoretical learning.
Read this article below to know the key USPs, fee, placements, admission criteria for the MBA in Banking Financial Services and Insurance offered by Symbiosis University Indore.
Symbiosis University Indore MBA in Banking Financial Services and Insurance (BFSI): Highlights
MBA in BFSI at Symbiosis University Indore opens the gateway to a very bright future forth students and offers a strong base in the Banking, Financial Services and Insurance sector. Key programme highlights are:
- Well Designed: The program is well designed with the objective to impart comprehensive knowledge along with real-time skill training for students
- Industry Focused: To make students succeed in the global competitive environment, the program provides an industry-focused curriculum, supported by the world-class infrastructure and Industry experienced faculty
- Skill Development: MBA BFSI provides the skills needed for the sector. Students develop management and analytical skills to learn to work with various financial tools and services
- Specialized Training: MBA in BFSI also focuses on specialized training in International Banking, Insurance, Treasury operations, Risk Management, Investment Banking, Infrastructure
- Moderate Fee: Two years fee for MBA in BFSI is Rs.5.60 lakhs which is much lower than many good MBA colleges
- Good Placements: Average salary in placements is Rs.6.5 LPA and the highest salary is Rs.10 LPA offering good RoI
- Top Recruiters: Reputed companies visit the Symbiosis University Indore campus for MBA placements. Some of the top recruiters include Axis Bank, Citi Bank, E&Y, HDFC Bank, ICICI Bank, IIFL, PNB Housing Finance, Reliance Capital, S&P Global, ESAF, XL Dynamics among others
MBA in BFSI: Unique Features
- The syllabus is as per the National Skill Qualification Framework model
- Active involvement of industry in drawing up programme structure and course curriculum
- Training Bank and Finance Lab for simulating the business environment and for imparting practical skills
- More emphasis on practical industry and research orientation rather than focusing on theory. Theory to practical is about 30:70
- Active and continuous industry interface with continuous comprehensive evaluation in theory and practical
- Compulsory external industry assessment of students for each course
- Basic product and functional level exposure to banking, financial services, and insurance to all in the first year.
- Specialization offered in banking, financial services or insurance in the second year
MBA in BFSI: Career Orientation, Pedagogy, Course Curriculum: Key USPs
Students can make a career as independent financial advisors or as industry-ready professionals in Banking, Financial Services and Insurance (BFSI) sector. Salient components of MBA in BFSI programme as offered by Symbiosis University of Applied Sciences (SUSA) are:
Offers Training bank for hands-on experience of
- Cash area
- Account Opening desk (Liabilities)
- Loan Servicing Desk (Assets)
- Safe deposit lockers
- Insurance Advisory function
- Investment Advisory function
- Equity desk setting and handling
Finance Lab for
- Imparting Financial Literacy
- Skilling for Complaint registration and handling
- Financial Counselling
Industry Interface
SUSA organizes Industry Interactions through Seminars, Industry Visits, Guest Lectures, Panel Discussions and hands-on experience in BFSI domain
Unique Pedagogy
Pedagogic features in the MBA in BFSI programme at Symbiosis University Indore include Case studies, Analysis of business and domain reports, research assignments, role plays for product and consumer-related services
Soft Skill Development
Honing of soft skills is a part of practical exercises/assignments including the following skill development
- Oral and Written communication skills
- Presentation skills
- Public speaking skills
- Group skills
- Telephone interaction skills
- Email skills
- Customer handling skills
- Interview handling skills
Industry Interaction Programme
Industry interactions in following areas to provide practical understanding of various functioning areas in BFSI management are organized periodically
- Obtaining product-related information.
- Understanding the documentation of BFSI processes.
- Understanding the practical functioning and customer interface.
- Seminars by officials of BFSI industry.
- Seminars by officials from Regulatory organizations RBI, IRDAI, SEBI, PFRDA, Government etc.
- Summer internship of 6-8 weeks after the first year for MBA.
- Training and Placement Cell to facilitate training, summer internship, and placement.
MBA in BFSI Curriculum: Updated as per Industry Requirement
Symbiosis University Indore MBA in Banking Financial Services and Insurance - Program curriculum is industry relevant and the structure is updated as per the industry requirement. Symbiosis University Indore has divided the MBA in BFSI curriculum in four semesters as per the following course structure which will go on updated as per global standards
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Semester-I
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Semester-II
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Semester-III
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Semester-IV
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Accounting for Finance Management – I
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Principles and Practices of Insurance
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Business Law
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Business Ethics
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Managerial Economics
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Accounting for Finance Management – II
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Financial Derivatives
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Internship
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Advance Management Practices
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Financial Management and Analysis
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Goods and Service Tax
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Marketing of BFSI Products
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Mutual Fund
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Wealth Management
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Banking & Financial Services
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Business Valuation
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Debt Recovery Agent and Loan Approval Officer
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Business Research Methods
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Risk Modelling
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Financing Start-ups
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IDSC
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IDSC
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Application of Life and Practices of General Insurance
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Internship -I
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Retail Banking Operations and Branch Banking
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Financial Engineering and Structured Finance
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Risk Management in Insurance
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IDSC
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Symbiosis University Indore MBA in BFSI Fee
Two years MBA in Banking Financial Services and Insurance fee is Rs.5,60,000. The fee is also same for MBA in Marketing programme offered by Symbiosis University
Symbiosis University of Applied Sciences - SUSA Indore MBA Admission Open: Apply Now
Symbiosis University Indore MBA BFSI Seats
Symbiosis University Indore MBA in Banking Financial Services and Insurance programme has an intake of 60 seats. The other programme MBA in Marketing at Symbiosis Indore also has 60 seats.
Symbiosis University Indore MBA in Banking Financial Services and Insurance Placements
Symbiosis University has been achieving good placements over the years. Placement 2020 was no exception. The MBA in BFSI placements 2021 recorded an average salary of Rs. 6.5 lakhs per annum and the highest salary at Rs.10 lakhs per annum.
Top recruiters included Axis Bank, Citi Bank, E&Y, HDFC Bank, ICICI Bank, IIFL, PNB Housing Finance, Reliance Capital, S&P Global, ESAF, XL Dynamics, SG Analytics, ICICI securities, HFFC, Suryoday Bank, AU Small Finance, Federal Bank among others
Symbiosis University Indore MBA in BFSI Admission 2021: Eligibility Criteria, Application and Admission Process
Below is shared the eligibility criteria, step wise process for Symbiosis University MBA in Banking Financial Services and Insurance admission 2021
Symbiosis University Indore MBA in Banking Financial Services and Insurance: Eligibility Criteria: 5 Points
- Passed bachelor’s degree of minimum 3 years duration.
- Obtained at least 50% marks for general (open) category in qualifying examination and at least 45% marks in case of candidates belonging to the State of Madhya Pradesh in a reserved category (excluding creamy layer) in the qualifying examination.
- Valid scorecard of entrance exam of State / National level as notified by the University like CAT/XAT/CMAT/MAT/GMAT/SNAP/NMAT by GMAC/MAH CET/IBSAT
- Those Candidates not having any entrance examination score card, then SYMBIOSIS UNIVERSITY, INDORE will be conducting their own entrance examination at the university campus.
- Qualify in personal interview conducted by Symbiosis University, Indore.
Symbiosis University of Applied Sciences - SUSA Indore MBA Admission Open: Apply Now
Symbiosis University Indore MBA BFSI: Application and Selection Process
Symbiosis University Indore MBA in Banking Financial Services and Insurance admission 2021 is a four step process as shared below
Step 1: Fill the Application form and Apply online. The Application Form consists of Personal, Guardian/ Parent, Academic and Entrance test details. Kindly ensure that all the information is available with you, when you start filling up the Application Form. Fill all the details in the online Application form and submit.
Step 2: Pay the Application form fee as per the below Student Category. Please download & print the application form once your Payment is successful. You are required to carry a print of application form for submission at the time of Counseling/Personal Interview.
Student Category: Indian & International - Application Form Fee: Rs. 1000/-
Step 3: Student must carry printed copy of application form and original documents with two sets of Photocopy as per given list, along with DD of 1st Instalment of Academic Fees, Medical Fees & Caution Money drawn in favor of “Symbiosis University of Applied Science”, payable at Indore.
Step 4: Student shall be required to submit attested copy of documents along with DD of 1st Installment of Academic Fees, Medical Fees & Caution Money drawn in favor of “Symbiosis University of Applied Science”, payable at Indore to confirm their seat.
Career Prospects for the MBA-BFSI Students
Candidates who pursue Symbiosis University Indore MBA in Banking Financial Services and Insurance (BFSI) programme will have good Career Prospects as the industry demand for such professionals is rising. Let’s know the Industry Scenario and area wise job prospects
Industry Scenario: On High Growth Path
The Indian financial sector is experiencing rapid growth both in terms of a number of institutions and their diversity with several categories of new entities entering the market. Given that the financial sector comprises various classes of entities largely in Banking, Financial Services and Insurance domains, the popular acronym to refer to them is ‘BFSI’. This sector can take advantage of the growing domestic market, increasing investible surplus owing to the growth story, growing need for protection, diversification of investments and provision of globally competitive standards of service. India’s banking and financial sector is gearing up for the same by expanding rapidly. The sector consists of:
Banking Sector: Various types of banks (public sector banks, private sector banks, foreign banks, cooperative banks – urban and rural, regional rural banks, payment banks, small finance banks etc)
NBFCs: Various classes of non-banking financial companies (loan, investment, asset finance, microfinance, infrastructure, asset reconstruction, etc), insurance companies (life, general, health and reinsurance), Pension funds, mutual funds and other financial intermediaries that provide banking, insurance and financial services
The continuous need of skilled manpower who can counsel to understand customer nature and sell appropriate product or product mix depending upon financial requirement is a challenge that needs to be supported by the management education infrastructure
Job Prospects: BFSI Expected to offer 8 Million Jobs
The projected number of jobs in BFSI sector is likely to be 8.4 Million by 2022. BFSI sector has tremendous growth potential in the coming decades as it thrives on growth opportunities that are linked with socio-economic development of the nation.
The BFSI sector provides opportunities of a whole spectrum ranging from the employment of a secure nature as in case of public sector banks and insurance companies to individual entrepreneurship by being Financial Consultants, Portfolio Managers to Fund Managers.
Banking
- Officers in banks handling retail banking, corporate banking, treasury operations, portfolio management, cash management
- Direct selling agents of banks for loans, deposits, insurance and investment products.
Insurance and Pension
- Officers involved in marketing, underwriting, claim handling, treasury and investment operations
- Officers working as corporate agents and insurance brokers, insurance marketing firms, third party administrators
- Individual agents, micro-insurance agents, point of sale persons, point of presence persons, insurance and pension advisors
Financial Services
- Officers in non-banking financial companies like loan/gold/ investment/infrastructure/ finance/microfinance/asset reconstruction, asset management, stock broking, venture capital, merchant banking companies
- Independent financial consultants, sub-brokers, portfolio managers, fund managers, mutual fund advisors
Established as a State University with Government of Madhya Pradesh legislation, Symbiosis University of Applied Sciences (SUAS) is a self-financed University. With an investment of over Rs 200 crores, Symbiosis has created; a state-of-the-art infrastructure spread over 30 acres. Academic buildings, hostels for boys & girls, Centre of Excellence, specialised training labs and workshops, School of Interdisciplinary Sciences and Community College are prominent features of this University. Application is open, Symbiosis University of Applied Sciences - SUSA Indore MBA Admission Open: Apply Now
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