Banking is a service industry devoted to the holding of financial assets for others and investing them in a consulting manner to create more wealth.
In simple words banking is a platform that handles cash, credit and other financial transactions for its customers.Banking courses provide an introduction to the banking industry and a comprehensive understanding of the financial system.
Its objective is to equip the students with key skills to perform a variety of banking services and also to give an in-depth knowledge financial industry.Banking being the core function of the financial service industry requires skilled and qualified human capital.
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Why Choose Banking as a Career?
Banking is a secured job with additional benefits like medical insurance and disability insurance, sick leave and vacation, and retirement options.
Careers like this offer stability with numerous opportunities for the advancement of ambitious professionals.
The banking sector has shown rapid advancement with digitization as the services are now available at the fingertips of its users.
As e-commerce and online banking technology continue to expand, tech-savvy individuals will always be in demand.
With highly regulated and systematize operations, it provides a safe and pleasant workplace.
- Enrolling for a banking course helps you in getting a place in the financial system.
- Courses have diverse modules which in addition to your focus subject provide insights to the basics of banking, communications, management, financial planning, sales & operations. It provides a comprehensive all-around demand for bank professionals.
- It helps you acquire a professional degree to further your skills.
- It enables you to have an on the job experience through internships.
- It makes you financially responsible at a younger age.
- Some courses offer a 100% placement facility with reputed banks, financial institutions, and corporates.
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Things You Should Consider While Choosing The Appropriate Course
Pursuing banking courses after graduating from any field including commerce, business, arts, engineering is a great idea to boost up your job prospects in the banking sector.
There are various programs, certificate courses as well as, exams that can help you get high-paying jobs in reputed banks.
Choosing the right course when planning to start a career in the banking sector is crucial However, there are few factors which can be considered in choosing the appropriate course:
Line of interest:
The banking sector provides a wide variety of services like retail banking, corporate investing, consulting, investment banking, financial controller, credit management, auditing, legal, etc. If you choose an area where your strengths lie and match the course, success is not far.
The objective behind enrolment in a specific banking course is to gain the suitable skills required for a particular job. Choosing the courses which directly focus on your line of interest will help you scale in the desired field.
There are institutes providing degree courses for a period of 2-3 years, 1-2 years and also some short-term certificate courses for a few months. The time you wish to invest is a factor to be considered.
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Job opportunities for postgraduates in the banking sector are excellent.
The wide range of services viz. accounting, legal, customer relationship, taxes, investment banking, credit facilitation, etc.
provided by the banks have created an array of vacancies.
After completion of the specified courses, a candidate may appear for a relevant entrance exam conducted by banks and financial institutions to get their dream job.
Talking about the salary, the structure for beginners depend on the domain he/she has chosen, job location, post/designation, level of education, etc.
However, after pursuing a Distance MBA or 2-year PGDM courses, the individual salary package improves as these are globally recognized courses.
The salaries rolled out for Bank probationary officers are also quite high.
A bank PO can expect a starting salary package varying from Rs. 3.6 lakh to Rs. 4 lakh per annum.
There are other non-monetary benefits like number of holidays, perks, housing allowances, etc. provided by banks.
Fresh graduates can expect a package between Rs. 5 lakh to Rs. 12 lakh per annum depending on the skills of the individuals.
Master’s Degree Courses/ Diploma Courses/ Certificate Courses
Various short term and/or long-term banking courses are offered by the institutes after graduation.
Based on the duration of the course these are termed as Degree, Diploma and Certificate Banking Courses.
Degree Courses in Banking After Graduation
MBA in Banking and Finance
This is a two-year Post Graduation program which emphasises in building a strong foundation in the banking & finance sectors. It helps in learning about the basics of banking, financial accounting, financial statement analysis etc.
MBA in Banking and Insurance
A two-year postgraduate banking course designed to understand the concepts of banking & insurance. This course offers specialised training in International Banking, Insurance, Treasury operations, Risk Management, Investment banking, etc. Insurance companies generally seek professionals in this sector.
Credit & Risk Manager
M.Com. (Master of Commerce)
This course covers the study of principles of accounting, micro and macroeconomics, money & banking systems, concepts of accountancy & taxation.
PG Diploma in Banking Operations
This program focuses on fundamentals of banking. The key aspects of this course are developing core banking skills in banking products, processes, systems.Makingthe candidates thorough with the day to day activities in banks is what the course aims at.
PG Diploma in Retail Banking
This post-graduation program aims to provide in-depth knowledge of the operations and policies of banking and financial institutions.
PG Diploma in Investment Banking
This course is designed to help you learn the various aspects of investment banking including asset management, security valuation, investment & quantitative tools, assessing the performance of assets and making smart investment decisions.
PG Diploma in Banking & Finance
Knowledge and application of banking and finance is the core of this course. Financial and Management Accounting, Investment Banking, Management & Organisation behaviour are some of the topics covered in this course.
PG Diploma in Branch Banking
Thiscourse blends core domain knowledge and usable skill requirements with technology familiarity, customer relationship, sales and marketing,communication & positive attitude. This program is designed in the context of modern-day Banking Domain knowledge, hands-on application-orientation,technology-familiarity and customer-service.
PG Diploma in Banking and Insurance
This course gives insights into the principles of banking, insurance and related laws. The syllabus for this course includes subjects like Banking theory & practice, Economics, Business Law, Insurance principles, Innovations in banking & insurance, etc.
Insurance Claims Specialist
Insurance Claim Adjustor
Certificate Courses in Banking After Graduation
- PG Certificate in Banking
- Certificate in Investment Banking
- PG Certificate in Banking and Insurance
- Certificate in General Insurance
- Certificate in Banking and Sales Management
- Advanced Certificate in Banking Laws and Loan Management
- Certificate in Tele-banking
- Certificate in Health Insurance
- Professional Programme in Commercial Banking
Eligibility Criteria For Courses in Banking After Graduation
Master degree and 2-year diploma courses
Short-term PG Diploma Courses
Some Universities Offering Banking Courses After Graduation in India
Below are some popular universities in India that offers banking courses for graduates in India.
- Symbiosis school of Banking & Finance, Pune
- Sharda University
- Indira Gandhi National University (IGNOU)
- MIT World Peace University, Pune
- Lovely Professional University
- SPJIMR – S.P. Jain Institute of Management and Research, Mumbai
- Amity University, Noida
- Indore Management Institute, Indore.
- SRCC – Shri Ram College of Commerce
- Christ University, Bangalore
- Hansraj College, Delhi
- Loyola College, Chennai
- ICFAI University
- Institute of Finance Banking and Insurance
Banking is a positive and encouraging sector in the financial system of any economy.
Banking courses prepare candidates for stepping into this sector and advance their careers both in domestic and international banking fields.
The on-job training, presentations and case studies as part of the course helps to develop interpersonal skills of the candidate.
Apart from academic knowledge, these courses aimto the overall polishing of skills like effective communication, higher aptitude, personal grooming, required in a banking professional.
Graduates after successful completion of the banking courses have rewarding career prospects in the banking sector