Presently banking is a niche career for enthusiasts in the field of commerce and accounts. For the beginners, it is the initial step towards understanding the global economy, finding the challenges of the marketplace and identifying themselves with a career that offers them with marvelous chances, both within the country and overseas.
With new banks coming up every year owing to privatization of services, the organization indeed offers sufficient room for graduates in any sector. If you are a student of B.Com, you can get positioned as a sales executive for loans, insurance and mortgages with any of the leading banks.
An admission to bachelor’s course in banking needs good percentage in Class +2. If you are a student from (Central Board of School Education) CBSE Board, you would need at least 80% overall to get admitted to a good college.
In addition, the skills expected from candidates to clear the personal interview include good communication skills, sales, aptitude for banking, marketing and money matters. If you are an enthusiast who likes trading in stocks, hedge funds, mutual funds and understands the positive and negatives of availing loans and insurance policies, then it only adds to your career vision.
It is suggested that you start preparing for CAT (Common Aptitude Test) right from college onwards so that you are fully prepared to clear the entrance exam and get excellent career in banking.
Banking programs introduced by numerous government and private sectors target at equipping students with concepts, techniques and tools in the banking organization.
Banking is a career that provides opportunities to students from all programs, be it humanities, science or commerce. However, to make a career in banking, you must be fine at analyzing numbers, that is, your mathematics must be sound enough to understand and analyze numerical data. You must be ready for the Banking Entrance tests and for the interviews that follow these entrance examinations.
Thus, choosing banking as a career is a wise choice for those interested in growing fast in their careers and those who wish to get exposure to world markets at an early stage itself.
What will be the cost- Fees of Banking
The fees structure for a banking bachelor’s program varies from Rs 10,000 - 100,000 depending on the college you select. Private institutions like NIIT (National Institute of Information Technology) provide diploma courses that cost between Rs 1 - 2 Lakhs.
For a post graduate diploma (Master’s degree), you may be expected to spend around between Rs 50,000 - 7, 00,000 based on the college you select.
Numerous colleges like IIPM, Birla Institute for Insurance and Amity etc. offer laptops to students and take them on student trips to overseas companies. This, in addition, is the benefit advantage of getting admission in a private institution.
The salary package for banking student who is a fresher could vary anywhere from Rs 8,000- 20,000 to begin with. Students who have post graduated from prestigious college or banking institutions can expect up to Rs 8, 00,000 Lakhs per annum for the role of relationship managers depending on their overall marks and the college they are from.
Several banking organizations recruit Indian candidates from the IIMs, FMS, XLRI and other famous colleges every year for salary packages not less than Rs. 10, 00,000 Lakhs per annum.
Top Institutes or colleges of Banking
Amity School of Business
Indian Institute of Commerce and Trade
Piron School of Business & Finance
Innovative School Of Business & Management (ISBM)
Indian Institutes of Management (IIMs)
Faculty of Management Studies
Xavier School of Management (XLRI)