Banking professionals manage clients money – in simplistic terms, they help people and companies in their investments, loans and all other related matters.
Generally, banks can be divided into two main categories:
1. Commercial Banking
That the bank that deals with individuals and businesses meet their requirements for routine banking such as deposits Cash / withdrawals, investment advisory services, deposits, loans (housing, car, etc.), credit cards, transfers (payments, drafts at sight etc.), cabinets etc.
- The Job
- Addressing the requirements of individual bank customers
- Business development and marketing for new customers
- Ensure the smooth implementation of all banking products to the customer
- Keep products updated and abreast of changes in banking and bank regulation
- Resolving problems and complaints
- Make a credit risk analysis of customers if the bank loans.
- Addressing the needs of corporate banking customers
- Analysis and monitoring permanent company (balance sheet performance, P & L, etc.)
- Business development and marketing for existing firms and new
- Structuring of new products and innovative ideas to meet customer requirements
- Ensure the smooth implementation of all products Banking Customer
- Keep products updated and abreast of changes in banks & Banking Regulation
- Solve problems and complaints
- Personality Traits
- Excellent interpersonal skills
- Leadership skills
- Teamwork
- Ability to work under pressure
- Patient
- Risk Taker
- High level of integrity
- Treatments
- Assistant Manager – Start position. Approximately INR 2 Lacs per annum after a diploma UG & Lakes INR 4-6 after a PG diploma.
- Head – Corporate / Retail Banking – Report to the Director General. Env. INR 50 to 70 Lacs per annum.
- Pathways
Retail / Consumer Banking
Corporate Banking
Ideally, the position requires a postgraduate degree or diploma in Business Administration (MBA) / Economics / Commerce or href = "http://banking.shiksha.com/getCategoryPage/colleges/banking/All/All/CA-CWA-CS-CFA-Other-Professional-Courses" title = "Chartered Accountancy"> Charter Graduate Accounting (preferred).
Sample PG Degree / Diploma in Business Administration —
- Indian Institute of Management Studies (IIM), Ahmedabad, Calcutta, Bangalore, Lucknow, Khozikhone,
- FMS, New Delhi
- XLRI, Jamshedpur
- Jamnalal Bajaj (JBIMS), Mumbai
- SP Jain, Mumbai
- Narsee Monjee Institute of Management Studies, Mumbai
- Symbiosis, Pune
- XIM, Bhubhaneshwar
- MDI, Gurgaon
- IMT, Ghaziabad
- IMI, New Delhi
- IIFT, New Delhi
After Graduation – A high school in subjects such as title = "BBA"> BBA, economic or business you will also enter a bank. But growth prospects are limited and a PG diploma is necessary for timely promotions.
Example BBA Degree Colleges —
- IIPM – today in New Delhi, Chennai, Mumbai, Hyderabad, Calcutta, Bangalore
- Wigan & Leigh – present in New Delhi, Mumbai
- IILM – New Delhi, Gurgaon
- Rai University
- Amity
- Outlook
- Private sector and foreign banks,
- Best Companies include – HDFC Bank, ICICI Bank, Citibank, HSBC, Deutsche Bank, Standard Chartered Bank
2. Investment Banking
Bankers who deal with specialized and related businesses structured products such as financial markets, foreign exchange, mergers & acquisitions and large Offshore / loans nationally structured.
- The Job
- Dealing with corporate customers special need based on needs banking
- Business development and marketing for existing firms and new
- The structuring of new products and ideas innovative innovatively meet customer requirements
- Stay extremely updated and abreast of changes in economic environment Governemnt and regulations
- Liasioning with government bodies and off points to provide innovative solutions
- Traits Personality
- Excellent interpersonal skills
- Innovative
- His financial expertise
- Leadership skills
- Ability to work under pressure
- Risk Taker
- High level of integrity
- Treatments
Very wide range of variable pay (performance based option) in the remuneration package.
- Assistant Manager – Start position. INR of 6 to 10 lakes, after a degree PG.
- Head – Product Line – Report on the Investment Banking Head. Env. INR 70 to 80 lakes annually.
- Pathways
Same as above in Commercial Banking. You can not join without PG diploma.
- Outlook
- Private sector and foreign banks, investment banks
- Best Companies include – Citibank, HSBC, Standard Chartered Bank, JM Morgan Stanley Merrill Lynch, Credit Suisse First Boston (CSFB), Brothers Leighman.
About the Author:
The above article is written by Shiksha. Shiksha.com. Shiksha.com is an education portal that connects education seeker with education provider.Shiksha.com has wide information over banking courses, students community and courses. Its education forums enable its users to seek opinion of students, alumni and faculty of colleges and schools through College Groups and School Groups.
Article Source: ArticlesBase.com – CAREER IN BANKING
