Highereducation

Author :- Jaymala




Banking professionals handle clients money - In simplistic terms, they help individuals & corporates with their investments, loans and every other money related issues.

Broadly speaking, banking can be divided into two main categories:

1.Commercial Banking

That banking which deals with individuals and corporates to meet their everyday banking requirements much as cash deposits / withdrawals, investment advisory, deposits, loans (housing, car etc.), credit cards, remittances (payments, Demand drafts etc.), lockers etc.

The Job

• Dealing with individualist clients banking requirements
• Business Development and marketing for newborn clients
• Ensuring smooth delivery of every banking products to the client
• Staying updated and aware of changes in banks products & banking regulations
• Resolving customer issues and complaints
• Doing a credit risk analysis of clients if bank is giving loans.
• Dealing with corporate clients banking requirements
• Analysing and continuously monitoring company’s performance (balance sheets, P&L etc)
• Business Development and marketing to existing & newborn corporates
• Structuring newborn products and ideas to innovatively meet clients requirements
• Ensuring smooth delivery of every banking products to the client
• Staying updated and aware of changes in banks products & banking regulations
• Resolving customer issues and complaints

Personality Traits

• Excellent interpersonal skills
• Leadership skills
• Team-Worker
• Ability to work under pressure
• Patient
• Risk taker
• High level of integrity

Salaries

• Assistant Manager - Starting Position. Approx bureau 2 Lacs per annum after a UG honor & bureau 4-6 lacs after a PG degree.
• Head – Corporate / Retail Banking – Report to CEO. Approx. bureau 50 – 70 lacs per annum.

Study Routes

• Retail / Consumer Banking
• Corporate Banking
• Ideally the employ requires a postgraduate honor or diploma in business administration (MBA) / Economics / mercantilism or a Chartered Accountancy graduate (PREFERRED OPTION).

Sample PG Degrees / 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 DelhiAfter Graduation – A honor in subjects much as a BBA, economics, or mercantilism will also give you entry into a bank. However growth prospects are limited and a PG honor is necessary for timely promotions.

Sample BBA Degree Colleges –

• IIPM – inform in New Delhi, Chennai, Mumbai, Hyderabad, Calcutta, Bangalore
• Wigan & Leigh – inform in New Delhi, Mumbai
• IILM – New Delhi, Gurgaon
• Rai University
• Amity

Prospects

Private Sector & Foreign Banks, Best Companies include – HDFC Bank, ICICI Bank, Citibank, HSBC, Deutsche Bank, Standard Chartered Bank

2. Investment Banking
Bankers who deal with corporates relating to specialized & organic products much as Capital markets, Foreign Exchange Dealing, Mergers & Acquisitions & large sized offshore / domestically organic loans. The Job

• Dealing with corporate clients special need based banking requirements
• Business Development and marketing to existing & newborn corporates
• Structuring newborn products and original ideas to innovatively meet clients requirements
• Staying extremely updated and aware of changes in the economic surround and governemnt regulations
• Liasioning with government bodies and offshore points to provide original solutions

Personality Traits

• Excellent interpersonal skills
• Innovative
• Sound Financial Skills
• Leadership skills
• Ability to work under pressure
• Risk taker
• High level of integrity

Salaries
Very large variable pay option (performance based option) in the salary package. Assistant Manager - Starting Position. bureau 6 - 10 lacs after a PG degree. Head – Product Line – Report to Investment Banking Head. Approx. bureau 70 – 80 lacs per annum.

Study Routes Same as above in Commercial Banking. You cannot join without a PG Degree.

Prospects
Private Sector & Foreign Banks, Investment Banks Best Companies include – Citibank, HSBC, Standard Chartered Bank, JM Morgan Stanley, Merrill Lynch, Credit Suisse First Beantown (CSFB), Leighman Brothers.