Banking is one of the top most career choices made by students in India. Banks are in-charge of individuals or organization's money. Banks reimburse interest on the deposited money, offer loans to people for personal or business use. They also offer a broad array of services such as giving advice related to investment and insurance, exchange of foreign currency, and acting as trustees.

 

The all round demand for bank professionals has made public sector, foreign and multinational banks recruit more and more MBA graduates, CAs and CFAs to enhance their efficiency. Presently, banks are involved in consumer loans, mutual funds, consumer loans, securitization business, credit cards, housing loans and forex activities.

Finance is a process through which advice is provided to a company or a person for investing their money and getting high returns. They act as financial planner or stock brokers. Finance management is the backbone of any company whether it is a corporate, a big business houses, or a financial institution. Financial management provides a number of career options ranging from financial planning to sales.

 

A candidate who specializes in taxation, accounting and auditing is known as a chartered accountant. Chartered accounting is a dynamic, challenging and rewarding profession.

List of Courses: -

 

  • Certificate Course in Banking and Financing
  • Certificate course in Banking    
  • Diploma Courses in Banking and Financing
  • Diploma In Banking Services    
  • Bachelor of Commerce in Banking & Finance    
  • Bachelor of Commerce in Banking Management    
  • Master of Commerce in Banking and Finance
  • Master of Commerce in International Banking    
  • Master of Business Administration in Banking and Finance    
  • Post Graduate Diploma in Bank Management    
  • Post Graduate Diploma in Banking and Financial Management    
  • Doctor of Philosophy in Banking & Finance

Basic Eligibility

UG:

 

For admission in a bachelor’s degree, the candidate must have passed the higher secondary school certificate (10+2) examination with commerce subjects such as accounts, maths and economics. The duration for this course is 3 years.


PG:

 

The eligibility criteria for pursuing a master’s degree are holding a bachelor's degree with commerce subjects such as accounts, maths and economics. The duration for this course is 2 years.


Specializations

Some of its specialized fields are: -

 

  • Insurance
  • Investments
  • Derivatives
  • Risk Management
  • Capital Markets
  • Corporate Finance
  • Commodities Market
  • Real Estate Finance
  • Fixed Income Securities
  • International Finance
  • Alternative Investments
  • Portfolio & Security Analysis

Job Prospects

There are lots of career opportunities in this field. Graduate from this field are mainly employed in banks. Private sector and foreign banks prefer to hire MBAs, CAs and CFAs. There are lots of job opportunities available in India as well as in foreign countries for graduate accountant.

 

Many international banks hire skilled professionals for various profiles on competitive salaries. Public sector banks hire mostly graduates for clerical and probationary officer posts on the basis of All India Level examination.

Some job titles: -

 

  • Stockbroker
  • Analyst
  • Statistician
  • Relationship Manager
  • Credit Control Manager
  • Tellers & Branch Staff
  • Customer Care Executive
  • Corporate Banking Executive


Remuneration: -

Banking and Finance is a highly lucrative field. In public sector banks clerks can take home between Rs. 10000 – 12000 whereas officers can get around Rs. 12000 – 18000 every month. Skilled professionals such as CFAs, MBAs and CAs hired by public sector banks can earn handsome income.

 

Graduate trainees working in the field of investment banking sector can earn around Rs 30,000 to Rs 40,000 every month. Professionals working in a private and foreign bankscan earn around Rs 50,000-60,000 per month.

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