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Banking Courses that Guarantee a Bank Job

By February 21, 2022 No Comments

One of the most important sectors of the Indian economy is banking. With the rapid expansion and evolution of bank products and services, as well as the growing demand for financial inclusion in our country, there is a high demand for professionals with specialized knowledge and skills. Commercial banking, credit management, trade finance, and investment banking are examples of these. Insurance as an industry is also growing in importance in India. Life insurance premiums increased at a CAGR of 7.5 percent from FY02 to FY16, indicating that this industry is poised for further expansion and job creation in the future. Let us explore the banking courses in detail:

List of Banking Courses After 12th

Here is a list of Banking courses after 12th commerce-

  • BA in Banking and Finance
  • BA in Banking and Financial Planning
  • BA in International Finance and Banking
  • BBA (Hons) Finance and Banking
  • BCom in Banking
  • Sc. in Banking and Finance
  • Sc. (Hons) Economics with Banking
  • Sc. (Hons) in Money, Banking and Finance
  • Bachelor of Business (Banking)
  • Bachelor of Business (Banking and Finance)
  • Bachelor of Business and Commerce (Banking and Finance)

List of Banking Courses after Graduation

While a Bachelor’s degree in Banking coaches one about the financial sector as a whole, a Master’s degree concentrates on a specialized area of the student’s interest. Graduates in Banking are also taught about eCommerce, Financial Security, Global Banking Services, Portfolio Management, etc. Here is a list of Banking courses after BCom or graduation:

  • MBA in Banking and Finance
  • MBA in Global Banking and Finance
  • MBA in Islamic Banking and Finance
  • MCom (Banking)
  • Sc. in Banking and Finance
  • Sc. in Financial Services in Banking
  • Sc. in Finance Banking and Insurance
  • Sc. in Banking and Risk
  • Sc. in Banking, Finance and Risk Management
  • Sc.in Business Economics, Finance, and Banking
  • Sc. in International Banking and Finance
  • Sc. in Global Banking and Finance
  • Sc. in Islamic Banking and Finance
  • Master of Law in International Banking
  • Master of Banking and Finance Law
  • Ph.D. in Banking/Accounting/Finance/Economics/Management Studies
  • Ph.D. in Business Administration– Banking and Finance

Note: The duration of a Bachelor’s degree course is generally 3 or 4 years and a Master’s degree course lasts for a minimum of 2 years. It is important to note that the duration of a particular course may vary from university to university or college to college.

Diploma/Certification

Diploma and certification programs in Banking and Finance are designed for students to explore the latest information and knowledge about the emerging specializations in this field. Moreover, they help executives and professionals in the banking sector to gain expertise in their specific work profile. Here is a list of Banking courses constituting diploma and certification programs:

  • Post Graduate Certificate in Retail Banking (PGCRB)
  • Graduate Certificate of Finance and Banking
  • Graduate Certificate in Banking Security
  • Diploma in Banking Services Management
  • Graduate Diploma in Banking
  • Graduate Diploma in Banking and Finance Law
  • Post Degree Diploma in Economics and Global Banking

 

Banking Courses that can be done in a few months:

Program Name Degree Type Program Duration
Short-term Post Graduate Diploma in Banking Operations PG Diploma 3 months classes + 3 months internship
PGDRB – Post Graduate Diploma in Retail Banking PG Diploma 3 months classes + 3 months internship
Professional Programme in Commercial Banking (PPCB) Advanced Certificate 2 months
Short-term Post Graduate Diploma in Banking PG Diploma 3 months classes + 3 months internship
Advanced Certificate in Banking Laws and Loan Management Advanced Certificate

 

Most Popular Banking Courses for Students

Financial Accounting

The financial accounting course is an introductory course that introduces students to basic accounting concepts as well as the standards that govern financial accounting systems. Students will learn how to prepare basic financial accounting statements such as the balance sheet, income statement, and cash flow statement, as well as how to analyze and interpret financial data. It does not require any prerequisite courses and covers key concepts such as revenue recognition, record keeping, inventory accounting, bank reconciliation, and accounting standards.

Investment Banking

Investment banking is one of the most lucrative careers available to bankers, and this course provides the necessary theoretical and conceptual tools used by investment bankers. It provides the intellectual framework for investment bankers to use in financial analysis, valuation, and deal structuring.

Students will also learn about investment banking activities and how to value, negotiate, and close transactions. They also learn about corporate governance, ethical standards, and legal considerations in investment banking transactions.

Banking and money

The money and banking course teach students about the dynamics of a financial system, such as money, financial markets, and financial institutions and intermediaries. Students learn about the functions and roles of financial institutions in the economy, monetary policy, and how the Federal Reserve works. They also learn how interest rates are calculated, as well as their structure and associated risks.

Principles of Economics

Students in the economics course are introduced to fundamental economic concepts, theories, and techniques. The course covers both macroeconomics (the overall economy) and microeconomics (decisions by households and companies). It enables students to comprehend the market for inputs and outputs, consumer behavior, and production-related economic activities. Students also learn how to analyze and interpret economic data at a much deeper level and form their own opinions on economic events and issues.

Private Banks Offering Banking Courses

Banking is one of India’s fastest-growing industries, and there is a high demand for trained human resources in this field. The Institute of Banking Personnel Selection (IBPS) conducts national-level examinations for clerical positions, Probationary Officer (PO) vacancies, and specialist officer jobs in government banks. Each of its associate banks has its own employee selection procedure.

Private banks such as ICICI Bank, Axis Bank, Kotak Mahindra Bank, Federal Bank, and others are now collaborating with educational institutions to fill vacancies. Students can obtain a Post Graduate Diploma in Banking Management from these banks. Students who complete the courses are guaranteed banking jobs as Management Trainees (MTs) and Probationary Officers (POs).

  • In collaboration with Manipal University, ICICI offers a Post Graduate Diploma in Banking.
  • The ‘Young Bankers’ Program’ at Axis Bank provides a PG Diploma in Banking.
  • Graduate Analyst Programs are available at HSBC for two years.

While the names of different banks’ courses may differ, the content is essentially the same. Financial Management, Accounting, Risk Analysis, Banking Services, and Relationship Management are among the topics covered. After nine months of classroom instruction, students must complete a three-month internship with a bank. For admission to these courses, an entrance exam is administered. This banking course entrance exam is open to those who have completed their graduation. Typically, the banking entrance exam paper will include questions on English Communication Skills, Quantitative Aptitude, Logical Reasoning, Reasoning Ability, and General Knowledge.

Courses with a banking career guarantee typically last one year. Candidates chosen for the ‘job guarantee’ courses are also given a stipend by private banks. Axis Bank provides a stipend of Rs 5,000 during classroom teaching and Rs 9,000 during the internship. Other banks are providing loan options to cover course fees and other academic expenses. After starting their duties, candidates can repay the loan amount in ‘EMIs.’ After completing the course, students can take advantage of a three to six-month repayment holiday’ to pay back their study loans.

 

What to Consider When Choosing a Banking Course?

Some of the factors that a student should consider when selecting a banking course are as follows:

  • Price

When deciding on a banking course, price is an important factor to consider. Online banking courses are typically less expensive than traditional institutions. Some online schools may provide free introductory courses and then charge a fee for subsequent courses.

The course fee includes all learning materials, video lessons, assignments, periodic tests, and final exams. Some online institutions may charge a subscription fee, which can be paid monthly, quarterly, semi-annually, or annually, in exchange for access to a variety of courses offered on the platform. At the end of the course, students are given a certificate of completion that can boost their resumes.

  • Knowledge of the Instructor

Before enrolling in a course, students should consider the instructors’ level of knowledge and what distinguishes them from other trainers. The majority of online school instructors have accomplished industry leaders or experienced lecturers affiliated with prestigious traditional institutions.

You can look at the instructor’s profile to see what skills, knowledge, and qualifications they have, as well as their reputation on the platform. Some online schools may provide key information about the banking course, such as the number of students enrolled, the instructor’s rating, and comments from enrolled students, which can help you gauge the instructor’s level of knowledge.

  • Skills

The goal of taking a banking course is to gain valuable skills and increase your marketability to potential employers. Consider the skills you will learn in the course and how they will impact your knowledge before enrolling in it. The course syllabus, which breaks down all of the topics that will be taught in the course, contains the course contents.

Most courses concentrate on a specific topic, such as commercial lending, money and banking, portfolio management, mergers and acquisitions, and so on, making it easier to focus on skills that are in high demand in your field.

PLACEMENT OPPORTUNITIES:

After completing this course, you can build a career as:

  • Assistant manager in a bank
  • Personal banker for high net worth people
  • Mutual fund advisor & distributor
  • Wealth manager
  • Merchant banker
  • Broker
  • Depository participant & registrar for depository operations
  • Investment advisor
  • Teller/ cashier in a bank
  • Banking sales executive