The MBA Banking and Insurance is a professional MBA which extends over two years and which essentially covers subjects related to banking and insurance. By opting for this program, students learn management concepts with specialized training in banking and insurance, investment banking, risk management, treasury operations and many more. The MBA in Banking and Insurance also gives impetus and a major career boost of those who want to stand out.
Banking plays a vital role in a country’s economy and students taking this program benefit from the dynamic career opportunities. But above all, it is important to follow your program MBA Banking and Insurance in a renowned school in order to to acquire all the skills in a wide variety of technical fields such as economics, law, taxation, finance, etc.
So if you want to get into the financial world or just take your career to another level, here are some career opportunities offered by the MBA Banking and Insurance program.
The advantages of working in the sector
Banking and insurance is a large, ever-changing and recession-proof industry. Opportunities in this sector can be considered the most sought following by graduates, because they are well paid, secure and enjoy a good status in society. Banking and Insurance experts are part of an increasingly innovative and dynamic field that attracts people from all over.
For working professionals who are not in the banking and insurance industry, but want to cross to the other side, an MBA specialization will boost their career, thus elevating them directly to leadership roles due to their experience coupled with relevant industry knowledge acquired during the courses. For those already working in banking and insurance, an MBA will help them move up the ranks faster than their peers.
The opportunity to work in a high growth industry
- Banque : The banking or financial sector includes companies that provide consumers with financial services. This includes retail banks, insurance companies and investment services companies. This sector has a great impact on the economy. The stronger it is, the stronger the economy becomes. A healthy and stable economy therefore requires a solid financial and banking sector. The capital value of the global banking sector has been identified as 7.3 trillion euros in 2020 and has a rate of steady growth over the past two decades.
- Assurance : The activity of the insurance market, both as a financial intermediary and as a provider of risk transfer and compensation, can contribute to economic growth by enabling more effective management of the various risks and by mobilizing the domestic savings. Over the past decade, insurance market activity grew faster, especially in emerging markets given the process of financial liberalization and integration, which raises questions regarding its impact on economic growth. According to a report by Swiss RE, the global insurance premium market in 2019 reached $6.3 trillion.
The Banking and Insurance MBA guarantees job security
Insurance is more stable than other domains, especially in times of recession, because regardless of the economy, people and businesses always need risk protection. Moreover, insurance and banking have been around for centuries and will remain so as long as people continue to encourage saving, covet attractive interest rates, acquire credit, need medical care, drive cars, owning homes and running businesses.
Salary trends in Banking and Insurance very favorable
A person working in banking in France typically earns around EUR 53,900 per year. Salaries range from 17,000 to 111,000 EUR. On the insurance side, a person working in the sector in France generally earns around 49,700 EUR per year. Salaries range from €18,400 to €95,800. This is the average annual salary with housing, transport and other benefits included. The Salaries vary widely between different positions.
Some career options for holders of an MBA in Banking & Insurance
Among the interesting opportunities that you will be able to choose following obtaining your Banking and Insurance MBA, you have more modern functions such asinvestment banking analystalgorithm architect, treasury analyst, wealth advisorForex trader, risk manager, actuarial analystunderwriting specialists and sales and partnership specialist.
But you may also be interested in other more familiar opportunities, namely internal auditor, relationship managerinsurance investigator, asset manager, insurance risk manager, credit analystfinancial director, insurance advisor, loan officerloss control agent and claims adjuster.