Building a career in banking and financial services

Banking and financial services programme

There are a lot of programmes available for banking and financial services and they are specially designed to offer in-depth knowledge and hands-on experience through several carefully chiselled modules in each area of Banking and Financial Services.

Integrating a mix of both theory and practical experience, the unique action-oriented learning approach helps develop vital business, analytical and leadership skills.

To develop distinctive leaders, valuable team members and highly effective managers who are better prepared for today’s dynamic workspace is the main objective of the programme.

Investment Banker

Investment bankers are financial professionals that assist various organizations, like governments and corporations, with the raising of funds by issuing stocks and bonds. With brokerage firms, investment banks and other financial services companies, possible employment for investment bankers can be found.

Education Requirements

According to the U.S. Bureau of Labor Statistics (BLS), a bachelor’s degree is the minimum level of education required for employment as an investment banker. As an investment banker after earning a bachelor’s degree in any field, students could very well find a career as an investment banker; however, finance, accounting or business administration majors are preferred. Along with courses in a traditional degree program, students often participate in internships associated with investment banking activities.

Career Prospects

Competition for investment banking positions is usually fierce, and industry consolidation has resulted in fewer available jobs. However, overall employment for those working in the financial services industry is expected to increase faster than other industries in coming years. The BLS forecasts a 10% increase in securities, commodities and financial services sales agent jobs between 2014 and 2024. The salaries of investment bankers will vary significantly depending on experience and the level of funding arranged for prospective clients.

Loan Officer

Loan officers are employed in the banking industry and are responsible for screening and approving applications to borrow funds for mortgages, car notes and other loans. Jobs for loan officers can be found at banks and certain financial services firms.

Education Requirements

Loan officers or others in supervisory positions will probably need a bachelor’s degree in a business related field. A graduate-level degree, like a Master of Business Administration, can increase employment opportunities and lead to management positions. Though undergraduate and graduate business education is desirable among candidates, loan officers may have degrees in a variety of academic backgrounds. Some employers might require loan officers in specific fields to complete training courses or certification.

Career Information

Overall job growth for loan officers is expected to increase substantially in the coming years, according to the BLS. From 2014 to 2024, the number of positions for loan officers should rise roughly 8%. Loan officers earned a median salary of $63,430 in May 2015, according to the BLS.

Financial Consultant

A financial consultant, or financial advisor, is knowledgeable about a range of financial services, such as asset management and retirement planning. Most financial consultants often specialize in specific areas of financial services, like managing personal assets.

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