Aishwarya Kulkarni

As a Insurance Officer, what is the scope and relevancy of doing an MBA?

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by Aishwarya Kulkarni
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RE: As a Insurance Officer, what is the scope and relevancy of doing an MBA?

Aparna M Venkatesan
Aparna M Venkatesan
Verified Career Expert
PhD Management And Organizational Psychologist
  • Hosur

Hello


Insurance Officer

This is a very unique question that I have come across on this site. Thanks for posting this. An MBA is definitely very valid for a working professional and insurance industry is no escape for this. So I would highly command that studying the MBA for an insurance officer is highly relevant.

There are three ways the MBA branches/ specifications could help the person working in the insurance industry.
For the insurance officer, studying the MBA with sales management or marketing management is highly relevant. People generally think studying the MBA is only valid in software industries or other corporate and this thought is exceptionally wrong. MBA is not only a postgraduate degree but also a professional degree and this means any working professional from any industry could study the MBA degree. Therefore insurance officers could choose studying the MBA but choosing the right specialization that gets inclined to their work profile is very important. One of the specializations that could work out for people with insurance industry profile is the marketing management. Most of the Business schools in India offers marketing management subject as their MBA elective subject. Completing this elective course, you can better understand about targeting customers, creating sales and promotions.

Top business schools offering marketing management MBA in India are IIM Ahmedabad, IIM Bangalore, ISB Hyderabad, IIM Calcutta, IIM Indore, IIM Lucknow, IIT Kharagpur Vinod Gupta school of management, IIT Delhi, FMS University of Delhi, IIT Madras department of management, IIT Roorkee, SP Jain institute of management, XLRI and Symbiosis Pune.

The common entrance test to study at the IIM's is the CAT exam, IIT's is the GATE/ CAT exam, XLRI is the XAT exam and ISB Hyderabad is the GRE/ GMAT exam. Rest of the schools in India usually accepts CAT.

If you want to do a course more relevant to the insurance sector, MBA in Insurance management is definitely a good choice.

IICT - Indian institute of commerce and trade of India:
Theyoffer an MBA in Insurance management and is well known and widely accepted academic degree. You can visit their website for further details, www.iict.in/mbainsurance.htm
As part of this MBA, you will almost study every business areas like the human resources and marketing. However you will study four to six papers on insurance management and they will be your core/ main subjects of this MBA. The courses include insurance and risk management, insurance business environment, life and non-life insurance, insurance marketing and management of insurance companies.

Indian institute of insurance and risk management (IIRM):
Courses:International postgraduate diploma in insurance management
International postgraduate diploma in general insurance
International postgraduate diploma in risk management

National Law university:
Course:MBA in Insurance management

Hope this helps. Good luck.

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RE: As a Insurance Officer, what is the scope and relevancy of doing an MBA?

Dr. Anand Wadadekar, PhD
Dr. Anand Wadadekar, PhD

Dear Aspirant,

MBA in Insurance Management has been dying in many Universities.

For an Insurance Officer, the most important skill which is required is Marketing.

So MBA Marketing can help more.

Best wishes

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RE: As a Insurance Officer, what is the scope and relevancy of doing an MBA?

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