Banking

Banking today is a niche career for enthusiasts in the field of commerce and accounts. For the beginners, it is the first step towards understanding the global economy, discovering the challenges of the marketplace and identifying themselves with a career that provides them with tremendous opportunities, both within the country and abroad.
With new banks coming up every year owing to privatization of services, the industry indeed provides sufficient room for graduates in any field. If you are a student of BCom, you can get placed as a sales executive for loans, mortgages and insurance with any of the leading banks. All you need is good communication skills. Similarly, if you hold an MBA in finance from a good b-school, you can expect to be placed as a relationship manager. The salary packages are accordingly decided.

Banking programs introduced by various government and private organizations aim at equipping students with concepts, tools and techniques in the banking sector.

For instance, broadly, the bachelor’s degree program in Banking and Insurance offers specialization in the following areas:

• Environment and Management of Financial Services
• Micro Economics
• Effective Banking Communication
• Quantitative Techniques in Banking
• Organizational behaviour in Banking organizations
• Taxation of Financial Services
• Laws relating to Banking & Insurance
• Cost Accounting of B&I Services
• Equity Debt
• Corporate Laws governing Capital Markets
• International Business Management in Banking Organizations
• HRM in Banking Organizations
• Strategic Planning in Banking organizations

Job Prospects
Job opportunities for graduates and post-graduates in banking are excellent in India. Once you complete a selective professional course in banking, you will immediately be offered a position as a banking sales officer with the private banks. Of course, your technical skills and basic communication skills do matter in the process.

Besides, positions in insurance, personal loans, mortgages, collections and back office operations are always vacant and offer all bright to average students to avail the opportunities presented.

Banks such as ICICI, HSBC, Kotak Mahindra, HDFC, Standard Chartered, Barclay’s, and American Express are some of the companies that hire banking students at all levels depending on the colleges they are recruiting from.

Banking as a career provides opportunities to students from all subjects. For instance, if you are a BA student with excellent communication skills, you can actually get placed with a banking BPO as process executive. Companies such as GE Money, Max New York and leading banks such as ICICI, HSBC, HDFC, Standard Chartered, American Express, to name a few, select students from colleges for their BPOs and KPOs.