Becoming a Banker is not everyone’s cup of tea. It takes years of education, knowledge of finance, hard work, and determination. Banking professionals generally supervise the client's money. Bankers often get engaged in conventional banking like accepting deposits, making loans, and clearing transactions. So, to satisfy the dream to Become Banker, one should undergo the subsequent steps:
Step 1: Get a 10th Class Diploma
The first step toward becoming a Banker is to get a diploma in High School. While studying in 10th class, it is necessary to settle on courses in math and business to organize for a career in banking
. Candidates should start familiarizing themselves with computer software programs like databases and spreadsheets. Aspirants with high school diploma certification can work as personal bankers easily.
Step 2: Earn a Bachelor's Degree
After a tenth high standard diploma, students are required to possess a bachelor’s degree Course in Banking and finance programs. These courses aim at teaching students about accounting, regulatory compliance, and business practices related to banking. Students also can enrol admissions in baccalaureate programs in business administration with a motive to find out about banking and Financial Management to advance their understanding. These programs provide courses in marketing, accounting, finance, management, and strategic planning.
The Bachelor’s Degree Courses
in Banking and Insurance Offers Specialization within the Following Domains:
Step 3: Participate in an Internship
- Environment and Management of Financial Services
- Micro Economics
- Effective Banking Communication
- Quantitative Techniques in Banking
- Organizational behavior in Banking organizations
- Taxation of Financial Services
- Laws relating to Banking & Insurance
- Cost Accounting of B&I Services
- Equity Debt
- Corporate Laws governing Capital Markets
- International Business Management in Banking Organizations
- HRM in Banking Organizations
- Strategic Planning in Banking organizations
A banking internship is an important part of a degree course because it provides experience to working prospective bankers within the field with an understanding of banking policies and norms. An internship helps candidates to urge familiarize themselves with the responsibilities and work they'll need to do after being employed. Internships today play a major role in seeking prospective employment opportunities.
Step 4: Complete an Investment Banking Course
For better jobs in the Banking sector, candidates should attend investment banking training programs offered by banks to prepare individuals for learning new strategies required in making investments and working with clients. Those candidates who joined the program are introduced to business practices, banking services, and client relations. Banks
provide individuals with case studies, presentations, and modelling sessions.
Step 5: Get Licensed
It is now mandatory for bankers to urge registered with the Financial Industry regulatory agency
(FINRA). This is a particular method that entails opening a special checking account that which examination, application, and registration fees are paid. To acquire the license, the applicant's fingerprints and membership interview also are required. Finally, the set of exams must be completed successfully to secure the license.
Step 6: Pursue a Master of Business Administration (MBA)
According to the Bank Lending Survey (BLS), an MBA degree prepares prospective workers to figure in higher-level banking professions. This program teaches candidates about advanced banking and financial theories also because of the economy and financial
management. Some of the programs also provide student-experience chances that instruct students about the way to follow the market, study trends, and take investment decisions.
Career Prospects for a Banker
To Become Banker is competing and people who possess apt skills can taste the cup of success in this field only. The two major essential quality needed for this career is Professionalism and dynamism, and this field includes both of these qualities. Candidates with these high-grade capabilities and skills can attain a dignified and better designation. In India, banking jobs are always in demand for a really simple reason,i.e. people adore money. With the booming economy of the planet, people should understand the way to spend their money and when.
Banks are essentially the economic foundations of recent society and there are innumerable employment opportunities for the candidates within the banking
sector. This sector can provide job chances in both public and personal organizations. Getting employment within the bank is considered a respected and secure job over others. A career in Banking is global and the numerous international private banks settling in the country have unlocked wide doors of opportunities for deserving candidates. Aspirants with excellent communication skills can easily get placement in banks like ICICI, HSBC, Kotak Mahindra, HDFC, Standard Chartered, Barclay’s, American Express, etc.
How to Become a Banker
Banks are considered one of the most significant economic wings of the world. The banking sector of India acts because the most integral part of its economic process and is deemed to be more essential due to the increasing population rate. A bank renders valuable financial services to any country. To attain development within the country, we'd like to possess an honest developed economic system. Therefore, a bank has become the spine of the country and plays an important role in socio-economic matters.
In this era, the demand for bankers has increased tremendously over the past few years. People are growing and becoming more financially educated. Being the foremost important factor of a country’s economy, it opens a good spectrum of career opportunities to candidates also. Banking
has become India's one of the foremost coveted job sectors because it offers lucrative careers, especially to those that are trying to find jobs within the government sector. Becoming a Banker requires proper guidance from Trained Professionals.
What does a Banker do?
Bankers generally raise funds to tender loans and investments. They impose interest and costs on the services they supply and seek profit from the investments. Various Institutions like small firms, large corporations, and government authorities gain regulatory advice, and cash management solutions over investments and loans. People need primary banking services like checking or savings accounts, and infrequently larger services.