One of the main cornerstones of the Indian economy is the banking sector. There is an enormous increase in demand for professionals with specialised knowledge and skills as a result of the rapid growth and evolution of the products and services provided by banks and the growing necessity for financial inclusion in our nation. These include disciplines like investment banking, trade finance, credit management, and commercial banking. In India, the insurance sector is growing significantly. Life insurance premiums grew at a CAGR of 7.5% from FY02 to FY16 and have been growing at a rate of 5.3% from 2019 to 2022. In the future, there will inevitably be more occupations available.
You must use this trend to advance your professional goals. We’ve created an indicative list which has been formed by analysing Google Trends, availability of jobs on leading portals and overall popularity amongst aspirants.
PGDM Banking and Finance (NIBM)
The National Institute of Bank Management (NIBM), which was founded by the Reserve Bank of India and is supported by the Indian government, provides acclaimed courses in banking, economics, and finance. Its flagship curriculum, the Post Graduate Diploma in Management (Banking & Financial Services), is designed to produce skilled individuals for the Indian banking industry. The curriculum covers a wide range of subjects related to managing banks and financial institutions, including asset liability management, risk management, treasury administration, and management of foreign exchange.
Learning Provider: NIBM, Pune,
Duration: Around 2 years
Mode: Full Time
NSE PGP in Investment Banking and Capital Markets
Since the beginning of time, investment banking has been the ideal career for finance specialists. The NSE Academy’s Post-Graduate Program in Investment Banking and Capital Markets (PGP IB & CM), which lasts 10 months full-time or part-time, was created to mould students into tenacious financial professionals with knowledge of Investment Banking and Capital Markets. The program’s in-depth curriculum explores the complexities of investment banking, equity research, credit analysis, financial analysis, project finance, capital markets, IPO analysis, and other fields.
Learning Provider: NSE Academy, Duration: 10 months
Mode: Full time/ Part-Time
BSE Banking and Finance
A comprehensive understanding of banking operations, including FOREX markets, international commerce and finance, bank credit, the legal environment of banking, and IT systems in banking, is included in the Post Graduate Program in Banking & Finance (PGPBF) provided by the BSE Institute. Probationary Officer, Management Trainee, and Executive Trainee level managerial positions are among the positions that the program intends to prepare participants for.
Learning Provider: BSE Institute; Duration: 1 year; Mode: Full Time
To have first-hand exposure to the course contents, candidates can enrol in the online Post Graduate Certificate in Retail Banking (PGCRB) course. The course is designed to prepare students for a career in banking by providing them with a broad understanding of the industry. Candidates will learn about various procedures as well as banking policies throughout the course. Candidates who successfully complete the course will be awarded a Post Graduate Certificate in Retail Banking (PGCRB) training certificate along with 100% placement guaranteed.
Learning Provider: Institute of Professional Banking; Duration: Around 2 years
Duration: 90 Days
In terms of insurance, a person competent in risk analysis is referred to technically as a “actuary.” Their duties in the life and general insurance industry include creating and pricing policies, choosing the premium to be charged, making sure there are enough money to pay the benefits that are guaranteed, etc. Actuaries are in high demand both domestically and abroad, and India is also experiencing growth. Actuaries are employed by top insurance providers as MAX BUPA, Allianz, Future Generali, etc. The Institute of Actuaries in India (IAI) offers 15 actuarial exams, and passing them all requires three years of real-world job experience.
Learning Provider: Institute of Actuaries in India, Ivy Professional School, Inflexion Point; Duration: Around 2 years; Mode: Distance Learning