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Systematic approach

Finance and Banking has always been an exciting and attractive sector in the field of commerce and accounts. It is…

Systematic approach

(Photo: AFP)

Finance and Banking has always been an exciting and attractive sector in the field of commerce and accounts. It is a career which provides tremendous opportunities and serves as a bridge between capital raising entities and producing investors. Integration of banking activities, globalisation of banks and the growth of emerging markets are few of the ongoing trends in this sector. Internationalisation means greater exposure to interest rate movements, economic difficulties in developed and developing countries, erratic currency fluctuations, and stock and bond market volatility. There has been an unprecedented growth and diversification that has no parallel in the annals of banking in the world.
This is a profession which provides opportunities to every stream be it commerce, science or humanities. However if a person has a background in business related courses such as accounting, business finance and statistics it will be of advantage in the work task. A diploma in banking and finance programme facilitates one with a good knowledge in financial planning and about the international trade transactions. This combines best of global orientation along with strong industry exposure.

Global postgraduate diploma in banking and finance is a year full time programme through which one learns to think and work like real bankers. They study subjects like banking operations, wealth management, trade finance, forex, SME finance, etc. They practice computers, business communication and stock market trading and attend professional events like leadership camp and bankers meet. After the completion of course students get multiple offers with leading brands for profiles related to international banking and treasury, corporate loans, financial research, etc. 

Many global banks hire skilled professionals for various profiles on competitive salaries. Public sector banks hire mostly graduates for clerical and probationary officer posts on the basis of All India Level examination. After completion of course one can earn around Rs.25,000 and after experience it can go up to Rs.4 to 6 lakh per annum. The government sector banks also have vast opportunities for the students. Public sector banks hire mostly graduates for clerical and probationary officer posts on the basis of All India Level examination. There are many institutes who conduct IBPS classes to help students in getting government jobs.

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In the days to come, banks are expected to play a vital role in the economic development and the emerging market will provide ample business opportunities to harness. Human resources management is assuming to be of greater importance. As banking in India will become more and more knowledge supported, human capital will emerge as the finest assets of the banking system. There are immense opportunities as well as enormous challenges for the students seeking growth and professional life in this sector. Before entering the industry, it is desirable for banking job aspirants to know few skills which will help them excel throughout. 

Banking is backbone of the economy. As a potential employee one should have few basic skills like technologically advanced, problem solving abilities when dealing with funds or figures and strong communication skills. One should also take pro-active actions to increase customer awareness with regard to charges applicable to the financial services and the available redress mechanisms. This job involves managing risks, which cannot be handled without having sharp analytical skill. This helps in efficient utilisation of the resources and higher profitability. With the digital aspects growing day by day, the technological advancement is also important and must be technology literate. 

The writer is Professor, Tkws Institute of Banking and Finance

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