BBI/B. Com (B&I) i.e. Bachelor of Banking & Insurance/ Bachelor of Commerce in Banking & Insurance is a full-time undergraduate program spread over 3 years, with each year being divided into 2 semesters. It provides in-depth training in the areas of banking, insurance law, insurance regulations, accounting and finance. BBI also covers various subjects of commerce and communication skills.
It trains students about the efficient use of technologies used in the field of banking and insurance. The primary aim of BBI is to provide candidates with insight into the world of banking and insurance on both theoretical and practical levels. It focuses on development of analytical skills and building professional competence.
Internships during BBI:
We live in an era which is driven by two things, Technology and Money. Money is inseparable from our society in today’s day and age. Insurance and Banking are two sectors which are fueled by this entity and are one of the most dominating fields across the globe.
But to be a part of this industry is not that easy, and to excel in these is even harder. Students who are aspiring to eat a slice of this pie need to start prepping early on, to get a bigger chunk of the pie. BBI students need to start interning from the Second Year of their graduate degree, if not the first.
Some examples of good internships for BAF students:
- Internships in Banks, Insurance Companies, Accounting Firms, Taxation Firms
- Chartered Accountancy (CA) Internships
- Auditing Internships
- Working as an Accountant or Assisting an Accountant
- Interning with a Financial Planning Firm
With these internships, one can learn about what it takes to excel in the banking and insurance industries. It will help you grow, not just as a professional but also on a personal level, developing a good deal when it comes to your soft-skills. It is often seen that students who perform exceptionally well at internship get a PPO or Pre-Placement Offer at the firm that they were interning at.
Tip #1: Work your way to a PPO. It is better to work at a place that you are familiar with and can perform better at especially at the onset of your career.
Tip #2: Be a bit more open and explore the kinds of internships that you do. It’ll give you a well-rounded experience and will also give you an insider’s view to different sectors of these institutions.
For Internship Opportunities Check out:
Job Opportunities/ Employment Opportunities:
Right after finishing BBI, an individual is ready to be employed in various posts at various firms. Individuals can give baking exams like:
- IBPS Common Written Exam for Probationary Officer (IBPS PO)
- State Bank of India Probationary Officer (SBI PO)
- IBPS Common Written Exam for Clerical Recruitment for PSUs
- State Bank of India Clerical
- Common Written Exam for Regional Rural Banks
- Common Written Exam for Specialist Officer
- IDBI Bank Executive Exam
- RBI Exam
- RBI Assistant Exam
- NABARD AM Exam
BBI graduates can primarily work as Accounting Assistants, Financial Planners, Bankers, Portfolio Managers, Analysts.
BBI graduates can also work as:
- Bank Managers
- Finance Officer
- Consultants
- Insurance Managers
- Treasurers
- Risk manager
- Credit and cash managers
- KPO Executives
- BPO Executives
- Re-Insurance Executives
Business Process Outsourcing (BPO) Executive:
The BPO executives are supposed to monitor many tasks and the work in the back office which includes helping customers or clients with billing, purchasing, creating accounts, etc. BPO operation particularly means giving the contract to a third party vendor to carry out the back-office tasks.
Knowledge process outsourcing (KPO) Executive:
The work of a KPO executive involves process like market research, survey analysis, data mining, etc. It is an information-related business activity which is competitively important and forms an integral part of a company’s value chain.
For job openings check out:
Tip #3: A great way to look for employment opportunities as a BBI graduate is via LinkedIn. Make an account, build a brand for yourself and then endorse yourself.
Skim through the various job profiles that fit a BBI graduate. Look at what fits you and your future aspiration the best, make an informed decision and then let the universe do its magic. Like the Law of Attraction states, ‘Think positively and good things will come your way.’
