One of the most important sectors of the Indian economy is the banking sector. Due to the swift development and growth of bank products and services as well as the rising desire for financial inclusion in our country, there is a sizable demand for people with specialised knowledge and abilities. Commercial banking, credit management, trade finance, and investment banking are a few examples of these.
The insurance industry is expanding in volume in India. The CAGR of 7.5% for life insurance premium growth between FY02 and FY16 indicates that this industry is poised for future growth and job creation. Let's look more closely at the banking programmes.
A basic introduction to financial accounting subject that instructs students on core concepts of accounting as well as the regulations that govern financial accounting systems. Students will learn how to create fundamental financial accounting records, including the balance sheet, income statements, and cash flow statements in addition to learning how to analyse and comprehend financial data. It does not require any prerequisite courses and covers key concepts including revenue recognition, record keeping, bank reconciliation, inventory accounting, and accounting standards.
The money and banking course teach students about the workings of a financial system, including money, financial institutions, financial markets, and intermediaries. Students learn about monetary policy in the BIFS Academy , the workings of the Federal Reserve, and the functions and pursuits of financial organisations in the economy. They learn how interest rates are set up in addition to the structure and risks involved.
This course equips students with the theoretical and conceptual tools investment bankers to need to succeed in their line of work. Investment banking is one of the most profitable careers available to bankers. It provides the theoretical framework for transaction structure, valuation, and financial analysis that investment bankers can use.
The students will learn about investment banking practices as well as how to appraise, negotiate, and close deals. They also research the moral, ethical, and legal facets of investment banking operations.
Students are introduced to fundamental economic ideas, methods, and concepts in the economics course. The course covers both macroeconomics (the general economy) and microeconomics (decisions by companies and households). It aids in the understanding of consumer behaviour, the market for goods and services, and the economic processes involved in production. Students also obtain a far better comprehension of how to analyse and evaluate economic data as well as how to form their own opinions on economic issues and events.
One of India's fastest-growing industries, banking, has a high demand for qualified people and resources. The Institute of Banking Personnel Selection (IBPS) conducts national-level exams to fill openings for Probationary Officer (PO) posts, specialist officer jobs, and administrative positions in government banks. Its affiliate banks each have a different hiring procedure.
Private banks like Axis Bank, ICICI Bank, Federal Bank, Kotak Mahindra Bank, and others are actively collaborating with academic institutions to fill roles. From these banks, students can get a Post Graduate Diploma in Banking Management.. Students are offered work in the banking sector as Probationary Officers (POs) and Management Trainees (MTs) after completing the programme.
While course names may differ amongst banks, the substance is frequently the same. Financial management, accounting, risk analysis, banking services, and relationship management are a few of the topics covered. After completing nine months of in-class instruction, students are required to complete a three-month internship at a bank. For those who want to enrol in these courses, an entrance exam is required. Anyone who has received their diploma is qualified to sit for the banking programme entrance exam. The banking entrance test paper typically includes questions on English communication abilities, quantitative aptitude, logical reasoning, reasoning ability, and general knowledge.
A course with a banking career guarantee generally lasts one year. Candidates chosen for the "job guarantee" courses are also given stipends by private banks. Axis Bank provides stipends of Rs 5,000 and Rs 9,000 for in-class training and internships, respectively. To cover tuition and other academic expenses, other banks are providing loans. When candidates start working, they can start paying back the loan in "EMIs." Students can use a three to six-month "repayment holiday" once the course is finished to pay back their debts.
Welingkar Education provides a hybrid learning curriculum known as the Certificate Course in Banking. It is a six-month curriculum that is open to both recent graduates and working professionals. Your general management skills will be strengthened and improved as a result of this course. The course's instructors are eminent scholars with practical expertise.
Applicants can apply for the online Post Graduate Certificate in Retail Banking (PGCRB) course to gain first-hand experience with the course materials. By giving them a thorough understanding of banking, the course seeks to prepare students for a career in banking. Candidates will learn about the various processes as well as banking policies during the course. If candidates complete the course satisfactorily, they will be awarded a PGCRB training certificate. In the future, they can use this qualification to land a job in any of the fields.
Students should, among other things, consider the following while selecting a banking course:
When choosing a banking course, price is a critical factor. Online banking courses are typically less expensive than those at conventional institutions. Before charging for additional classes, some online universities may offer free introductory courses.
All textbooks, videos, assignments, midterm and final exams, and tests throughout the course are included in the course cost. Some online universities may charge a subscription fee, which can be paid on a monthly, quarterly, semi-annual, or annual basis, to have access to the variety of courses offered on the platform. At the end of the programme, students receive a certificate of completion that can help them with their resumes.
Before enrolling in a course, students should consider the instructors' level of competence and what makes them unique from other instructors. The majority of online school professors are experienced academics or successful business figures affiliated with prestigious traditional schools.
To find out more about an instructor's background, certifications, and reputation on the platform, you can view their profile. Some online schools' key courses information, such as the instructor's rating, the number of students enrolled, and comments from existing students, can help you establish the instructor's level of skill.
The two major goals of taking a banking course are to gain useful skills and increase your marketability to potential employers. Consider the skills you will learn and how they will impact your knowledge before enrolling in the course. The course syllabus includes a list of all the topics that will be addressed in addition to a description of the course's contents.
Due to the fact that most courses have a specific focus, such as money and banking, portfolio management, commercial lending, acquisitions, mergers etc., it is easier to concentrate on the skills that are in high demand in your industry.
After finishing this course, you have the following job options:
To sum up, the above article, Courses in banking with Placement, will help you choose your career and a suitable program in banking.