One of the highly designated, most professional and distinct career options in today’s era is the Banking Management.
It may be elaborated as the branch of management which deals in the operations and activities related to the banks and banking sectors as a whole in the rapidly growing dynamic environment.
The career prospective in Banking Management are very professional and respectful as the aspirants of the same get the jobs in various nationalized public sector banks or private sector banks as :
• Assistant managers
• Senior managers
• Investment banker
• Branch head
Courses to pursue
• MBA - Banking
• PGP- Banking & Finance
• MBA- Banking and Finance
Colleges providing MBA - Banking & Finance Management
The colleges that provide the courses mentioned above are:
a. Indian Institute of Commerce and Trade, Lucknow.
b. National Institute of Bank Management, Pune.
c. Indian Institute of Banking and Finance, Mumbai.
d. School of Management Studies, Indira Gandhi Open University, New Delhi.
e. Chennai Business School, Chennai.
f. NMIMS University, Mumbai.
g. SCMS, Cochin.
h. ISBS, Bhubhaneshwar.
The students are selected on the basis of their academic records and the performances in the National level Entrance test scores of CAT/MAT/XAT/CMAT or the individual separate entrance test conducted by the colleges as well as their interview performance during the selection process.
Salient Features in the aspirants
The aspirants who look for a flying and accelerated career in Banking Management must possess some features like:
• Well equipped in financial operations.
• Well versed in managerial functions.
• Must be dealing with business operations.
• Access to a broad knowledge of core managerial skills.
• Must be well equipped and updated with the banking terminologies, and banking functions.
Placements and payoffs
The placements are generally in banks and financial institutions. Mostly private banks come for campus placements in the colleges and the initial packages that they offer is of around 3-4 lakhs per annum that gradually increases with an increase in the experience and moreover when the employee switches after gaining much of an experience in some other firm generally the salary hike is of about 30% to 40%. So, salary and earning is very apt in this field.
Banking management has become the root and the primary goal sector for many of the budding aspirants and students who are looking for jobs in the banking industry. It brings an individual more close to the Global economy and hence the youth who is more concerned about the economy of the nation automatically gets driven by the force of this field. So , career wise this is one of the great and fantastic options for the freshers who are aspiring a tremendous life in the field of commerce, accounts and Banking as a whole.
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