Welcome to the world of banking, where ample job opportunities await young graduates and professionals like you. The Indian banking industry has been growing at an impressive rate, creating over 2 million new jobs by 2022.
In this article, we will explore various upskilling options available for aspiring and existing bank employees. We will cover popular job roles and salary expectations for freshers, career growth opportunities, emerging trends, and technologies that are transforming the Indian banking industry.
So let's dive into the world of courses for banking after 12th grade and discover the path towards success!
Bachelor's Degree Courses After 12th
If you have just completed your 12th grade, pursuing a Bachelor's degree in Commerce, Business Administration, or Economics can be an excellent step towards building a career in the banking sector.
These undergraduate programmes offer fundamental concepts and practical knowledge of various financial and management topics that are essential to becoming a successful banker.
During these programmes, you'll learn about accounting, financial management, taxation, business laws, and economics. Additionally, specialisation courses like Banking and Finance can offer more specific insights into the banking industry.
With fees ranging from INR 50k to INR 2 lakh per annum, these courses groom students with industry-specific skills such as identifying current trends and analysing market changes while imparting practical knowledge through case studies and internships.
Professional Certification Courses
In addition to regular bachelor's degrees or postgraduate diplomas related to finance or banking, obtaining professional certifications can help you stand out during job applications and enhance your skills in various areas.
Professional Certifications
Some of the most sought-after certifications include Chartered Financial Analyst (CFA) and Certified Internal Auditor (CIA) certifications, among others.
- To earn a CFA certification, you must have at least four years of professional experience and pass three levels of exams that test you on investment tools and asset valuation.
- For CIA certification, you need to have an undergraduate degree plus two years of internal audit experience or IRCA, IIA, etc. certified auditor qualifications, along with passing an exam that covers topics such as risk management practices and governance frameworks.
Obtaining professional certification not only enhances your skillset but also helps you command higher salaries and opens up better career opportunities in the banking sector.
Banking-specific Certification Courses
Some of the banking-specific courses include Institute of Banking Personnel Selection (IBPS) exams, National Institute of Securities Markets (NISM) examinations, and a Certificate Course in MSME Lending conducted by IIBF, among others.
These courses are specifically designed to provide practical knowledge and training about banking's key areas, such as retail lending, sales management, financial markets, and risk management.
Here is a table outlining some popular certificate courses for the banking industry:
Upskilling Options For Banking Employees
Upskilling is an essential aspect for those already working in the banking industry to remain competitive. Many banks offer in-house skill training programmes. Apart from these programmes, you can consider taking up courses like Leadership Development programmes or Digital Marketing courses.
Job Roles and Salaries
Entry-level banking job roles one can seek after completing their course include:
- Customer Service Representative
- Relationship Manager
- Sales Officer
- Personal Banker
The average starting salaries of these entry-level positions range from INR 3-5 lakhs per annum. Salary hikes occur over time with promotions, additional responsibilities, and demonstrated performance.
Career Growth Opportunities in Banking
Starting as a trainee, one can progress to become a Team Leader, Branch Manager, Regional Manager, or even a Chief Financial Officer (CFO) based on experience and skill set.
Networking and upskilling play significant roles in career advancement since they open up opportunities for promotions and additional responsibilities.
The Future of Banking: Emerging Trends
The Indian banking industry is rapidly evolving with technological advancements such as AI, Blockchain, and Big Data. With the onset of digital-only banks and FinTech startups, the traditional banking industry needs to adapt and innovate to stay relevant.
This transformation presents new job opportunities in areas such as cybersecurity, data analysis, and digital marketing. As a result, there is a growing demand for professionals with specialised skills in these areas.
Kickstart Your Career In Banking
In conclusion, pursuing a banking course after 12th grade is crucial if you want to build your career in the industry. The right course will equip you with the knowledge and skills required for the job.
With WIZR's financing options, pursuing these courses is now more accessible than ever before.
FAQs
1. Which are the reputed banking exams in India?
There are several banking exams conducted in India, including the State Bank of India (SBI) Probationary Officer Exam, the Institute of Banking Personnel Selection (IBPS) Clerk Exam, and the Reserve Bank of India Services Board (RBI) Exam.
2. How soon should I start preparing for a banking exam?
It is recommended to start your preparation as early as possible to have ample time to cover all relevant topics. Ideally, it is recommended to start your preparation at least six months before the exam date.
3. Do bank employees get any perks and benefits?
Yes, bank employees receive several benefits, such as medical insurance, pension schemes, and paid leave.
4. How does AI help the banking sector?
AI can be used to automate tasks such as customer service requests and fraud detection, improving efficiency in the industry.
5. Does a bank manager need tech skills?
While not necessarily required, having basic tech skills can be helpful in managing digital transactions and ensuring the smooth functioning of banking operations.
