Career Opportunities In Banking And Finance

Banking And Finance

Banking is a lucrative field offering high salaries and job security, but to get started, you must obtain a degree in Finance, Economics, Banking, or Commerce, as well as pass bank exams to pursue a career in Banking.

Eligibility Criteria :

Educational Qualification individual in Banking needs a bachelor's degree in a field of specialization related to Commerce or Management. Furthermore, you'll need to study mathematical aptitude, general knowledge, reasoning, English, and basic computer skills to ace bank exams.

Banking Courses: What You Need to Study

There are numerous undergraduate and postgraduate degree programs available for those who wish to pursue a career in banking. A degree in Commerce, Science, or Arts is the minimum qualification for Banking jobs in India.

 Applicants must then qualify in the requisite Bank exams to get the job of their choice. In addition, if you intend to work in any of the specialized fields of Banking, such as Investment Banking and Commercial Banking, you must gain a degree in that field. You should consider taking the following Banking courses:

  • BA in Banking and Finance.
  • BBA (Hons) Finance and Banking.
  • BCom in Banking.
  • B.Sc. in Banking and Finance.

 To build a career in the banking sector, you will need skills in Customer service, customer satisfaction, analytical skills, good numerical knowledge, communication skills, patience, etc.

Types of Banking Jobs

Business Analyst

An analyst of business is someone who analyzes and plans a company's method and operations and evaluates its business model and integration with technology. Also, the role is described as a link between technology solutions and business problems.

 Commercial Banker

Financial services are offered by commercial bankers to small as well as large businesses. Generally, they specialize in commercial lending, small business loans, and loan workouts. 

Loan officers

They provide loans to businesses based on their relationship with them. They also assess whether an applicant will be able to repay a loan through a process called underwriting. Among the services they offer are small business loans, the establishment of business checking accounts, and direct deposits for employees.

Branch Manager 

A branch manager of a bank supervises the daily operations of the commercial bank. The services include those related to customer service, safety, procedures, policies, and sales. Additionally, the branch manager keeps an eye on the bank staff. Banks and other types of financial institutions typically hire investment bankers in corporate offices, not in commercial banking branches. These professionals can hold a variety of positions.

Salary range 

Bank careers offer different salary prospects based on their roles and responsibilities. The average salary of a bank manager is 7 lakhs per year while the salary of an investment banker can go up to 10 lakhs per year.

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