The Coaching Conundrum
BBI/B. Com (B&I) i.e. Bachelor of Banking & Insurance/ Bachelor of Commerce in Banking & Insurance is a full-time undergraduate programme 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. This course which was introduced in 2003-04 by Mumbai University is now offered in more than 50 Commerce colleges in Mumbai. A lot of Coaching Classes for BBI have also cropped up in the last decade.
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 an insight into the world of banking and insurance on both theoretical and practical levels. It focuses on the development of analytical skills and building professional competence. This article will give you an insight into whether or not it is necessary to go to coaching classes for BBI.
This is how the semesters generally look:
First Year
Semester I
- Environment and Management of Financial Services
- Principles of Management
- Financial Accounting – I
- Business Communication – I
- Foundation Course – I
- Quantitative Methods – I
- Business Economics – I
Semester II
- Principles and Practices of Banking and Insurance
- Business Law
- Financial Accounting – II
- Business Communication – II
- Foundation Course – II
- Organisational Behaviour
- Quantitative Methods – II
Second Year
Semester – III
- Financial Management – I
- Management Accounting
- Organizational Behaviour
- Information Technology in Banking & Insurance – I
- Foundation Course – III (An Overview of Banking Sector)
- Financial Markets
- Direct Taxation
Semester – IV
- Financial Management –II
- Cost Accounting
- Financial Markets
- Information Technology in Banking & Insurance – II
- Foundation Course – IV (An Overview of Insurance Sector)
- Corporate & Securities Law
- Business Economics – II
Third Year
Semester – V
- International Banking & Finance
- Financial Services Management
- Business Ethics and Corporate Governance
- Auditing- I
- Strategic Management
- Research Methodology
Semester – VI
- Central Banking
- Turnaround Management
- International Business
- Auditing- II
- Human Resource Management
- Project Work in Banking and Insurance
*All subjects in all terms are compulsory. The subjects are subject to change depending upon the university that one is a part of but the general outlook stays the same.
Are coaching classes really required for BBI?
Skipping over the usual jargon of it depends on who the student is (which actually is very true), let’s look at things from a more generalized perspective. A key point with BBI is that the attendance regulations for this course are very strict, which has a positive side to it too. Students who are dedicated and are attending lectures (which is a compulsion) tend to grasp most concepts in the classroom itself, a little extra work can get all concepts cleared.
At the same time, one must also consider that joining a coaching class will become tedious and will block the student’s schedule because of the strict college attendance rule for this self-financing course. Very often, students join coaching classes to be coached for Banking Entrance Exams. This is more about strategy than about the contents of the exams, if your objective is to clear such an exam then the coaching classes are an asset because the faculty there are fine-tuned to help students score more in these entrance exams and clear them.
StudySid spoke to Eva Amanna, a BBI student from Bunts Sangha’s S. M. Shetty College of Science Commerce and Management Studies, here’s what she had to say…
“I firmly believe that it is not about the course but about the college. If your college is taking good care of you, addressing all your queries and actually taking extra efforts to teach you about the syllabus and also beyond that, then I don’t think a coaching class is necessary. Most students generally have issues with the practical subjects like Financial Management and Management Accounting which require extra attention and a coaching class could potentially help with these subjects.”
Top Coaching Classes for BBI in Mumbai:
- S’COrE Education, Vile Parle (West)
- Star Classes, Elphinstone (West)
- Piyush Commerce Classes, Old Panvel
- Gunjan Tutorials, Virar (West)
- Sapan Nikhil Commerce Classes, Kandivali (West)
- Wisdom Academy, Andheri (West)
