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. The sector comprises:

  • 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)
  • 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

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 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.

Symbiosis Indore Market Demand in BFSI Sector

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 etc.

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 education infrastructure.

Banking: In the last two years, 68,000 to 70,000 vacancies have been filled up in public sector banks including in SBI. The number of candidates who registered for the common written examination for officer cadre posts in public sector banks conducted by the IBPS in 2016-17 was 19.67 lakh up from 15.76 lakh in the previous year. Private sector banks also provide immense opportunities for employment at different levels based on knowledge and experience. Entry of new banks like Payment Banks and Small Finance Banks has also added to the need for skilled manpower.

Insurance and pension: The level of insurance inclusion in life, general and health insurance is very low and there is immense scope of increasing the coverage. For this purpose, there is a need to have a lot of skilled manpower for the handling of marketing as well as other functions of insurance business like underwriting, claims management and policyholder servicing. There is immense scope for setting up insurance marketing firms and acting as agents, point-of-sale persons etc as individuals.

Financial Services: Non-banking financial entities – which have also increased manyfold – provide opportunities for employment and entrepreneurship. Financial Analysis, Portfolio Management, Infrastructure Finance, Asset Recovery and Reconstruction, Stock Broking, Merchant Banking, Factoring, Asset Management etc are areas where there is a huge demand for skilled professionals. There is immense opportunity for being entrepreneurs as personal finance managers, portfolio managers, sub-brokers, mutual fund dealers etc.

Banking, Financial Services and Insurance- Jobs Prospects


  • Officers in banks handling retail banking, corporate banking, treasury operations, portfolio management, cash management, etc.
  • Direct selling agents of banks for loans, deposits, insurance and investment products etc.

Insurance and Pension

  • Officers involved in marketing, underwriting, claim handling, treasury and investment operations etc.
  • Officers working as corporate agents and insurance brokers, insurance marketing firms, third party administrators etc.
  • Individual agents, micro-insurance agents, point of sale persons, point of presence persons, insurance and pension advisors etc.

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 etc.
  • Independent financial consultants, sub-brokers, portfolio managers, fund managers, mutual fund advisors etc.

India’s first Skill University – Symbiosis University of Applied Sciences – boasts of a robust academic portfolio that is led by the School of Banking, Financial Services & Insurance (SBFSI). It is the forerunner that holds bastion of delivering academic programmes both at Graduate and Undergraduate levels that are well-aligned with objectives and Qualification Packs (QP) of BFSI Sector Skill Council. The School offers MBA in Banking, Financial Services & Insurance and BBA in Banking, Financial Services & Insurance Programmes that have a structured course approved by Industry experts and delivered by well qualified and vastly experienced professors. Moreover, it is supported by practical exposure and skill training that is effectively delivered with the help of Live Projects, Corporate Case Studies and the use of Modernistic Educational Technology.

BBA in Banking, Financial Services and Insurance

The world of financial services offers a plethora of exciting opportunities in sectors such as core banking, retail, private & corporate banking, investments and more. This programme prepares students for a career in BFSI by providing in-depth industrial insights on banking and finance, analysis procedures and systems, and an overview of various complementary subjects. The 3-year programme builds a strong foundation of basics of business administration in banking, basics of business economics, corporate taxation, share and security transactions, business mathematics, property insurance, corporate finance, money and currencies, etc. A training bank and finance lab is used to replicate industry scenarios and further enhance the learning. Read more

Duration: 3 Years

MBA in Banking, Financial Services and Insurance

Our MBA Programme offers a strong base in the Banking, Financial Services and Insurance sectors. The program is well designed with the objective to impart comprehensive knowledge along with real-time skill training for students. 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. 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. It also focuses on specialized training in International Banking, Insurance, Treasury operations, Risk Management, Investment Banking, Infrastructure etc. Thus, MBA-BFSI opens the gateway to a very bright future. Read more

Duration: 2 Years

Training bank for replicating the environment of a typical bank branch

  • Cash Area
  • Account Opening Desk (Liabilities)
  • Loan Servicing Desk (Assets)
  • Safe Deposit Lockers
  • Insurance Advisor
  • Investment Advisor
  • Equity Desk

Finance Lab for replicating consumer interaction & education environment and for honing soft skills

  • Financial Literacy
  • Financial Counselling
  • Investment Advise
  • Complaint Registration and Handling
  • Daily Updates in BFSI

Master of Business Administration (MBA):

  1. Minimum 60% marks or equivalent grade in X& XII examination.
  2. Minimum 55% marks or equivalent grade in a 3-year bachelor’s degree.
  3. Candidates have to appear in SKILL-CAT.
  4. NRI / International Students with GMAT / GRE valid scores can apply.
  5. NRI candidate who has completed XII (10+2) or equivalent examination from any Foreign Board must obtain an equivalence certificate from the Association of Indian Universities (AIU).

Bachelor of Business Administration (BBA):

  1. Passed 10+2 or equivalent examination in any discipline from any recognized Board/Council/University.
  2. Minimum 50% marks for general category candidates belonging to the State of Madhya Pradesh.
  3. Minimum 45% marks for the reserved category candidates (excluding creamy layer) belonging to the State of Madhya Pradesh.
  4. Qualify in personal interview conducted by the University.

NRI / International Students:

A candidate who has completed XII (10+2) or equivalent examination from any Foreign Board must obtain an equivalence certificate from the Association of Indian Universities (AIU). All foreign qualifications need to be verified by the Association of Indian Universities (AIU) by the candidate before seeking provisional admission to any programme of Symbiosis University of Applied Sciences. In order to promote International understanding between Indian and Foreign students, Symbiosis has reserved 5% seats for NRIs/International students in every division.