Last updated on September 25th, 2024 at 12:12 pm
The banking sector manages a country's entire financial system by managing the wealth and other financial assets of its citizens. It also deals with various kinds of loans and investments that will eventually become profitable.
Jobs in this sector are incredibly lucrative as they are respectable, secure, have decent pay, and offer various other opportunities. Therefore, many college graduates try to get a placement in this sector every year. Enrolling in a banking course after graduation is advisable in this competitive sector.
However, the plethora of banking courses available may confuse the students. This blog is the ultimate guide for those looking for the top banking courses after graduation in India.
Dive in to learn more!
Advantages of Choosing Banking Jobs After Graduation
Most students find a banking career alluring after graduation as it has job security, leaves, insurance, and retirement facilities. Hence, most graduates are enrolling in various banking certification courses after graduation. Here are some advantages of banking jobs:
Salary
Most people opt for banking as a career option as this profession pays a stable and fair salary. A fresher in the banking sector earns way more than a fresher from any other sector. Apart from a decent wage, a banking job also offers medical insurance, pension schemes, low-interest loans, etc.
A fresher can easily get promoted and get a hike in salary by simply passing the internal exams conducted by the bank.
Holidays
Employees from the banking sector enjoy numerous holidays recognised by the central and state governments. A banking job also grants paid sick leaves, casual leaves, and maternity leave.
Development of Skills
One can easily develop their skills in a banking job as many programmes and seminars are often conducted for the freshers. These seminars help a person enhance his skills and knowledge about various topics like finance, economy, etc.
Limited Working Hours
The working hours in the banking sector are extremely rigid and do not extend beyond the stated time. Therefore, employees have ample time to spend with themselves or their families. Rigid working time also reduces stress among employees.
Job Security
Working in a public-sector bank creates a sense of job security among the employees. This is because it is a permanent job, and layoffs are virtually non-existent. Thus, they can work without worry till the age of retirement, which is 60.
After retirement, the employees will also receive a pension. Hence, a banking job is one of the most secure jobs.
List of Banking Courses After Graduation in India
There are various banking courses after B.Com that an individual can opt for. However, most require help to choose a course that will eventually help them to commence a career in the banking sector. Here is a list of the top five banking courses after graduation in India:
Master of Commerce (M.Com)
Master of Commerce (M.Com) is one of the most sought-after banking courses after B.Com. This postgraduate course offers various specialisations, such as an M.Com in Banking, an M.Com in Banking and Taxation, and an M.Com in Finance and Control. This course helps an individual understand the various principles of accounting, economics, banking systems, etc.
An M.Com course will help an individual grow in the banking sector and land job roles such as Senior Accountant, Tax Consultant, Internal Auditor, Sales Officer, etc.
MBA in Banking and Finance
Master of Business Administration in Banking and Finance (MBA) is the most preferred banking course after graduation. This postgraduate course, which spans 2 years, deals with various aspects of the banking and finance sectors.
An individual will learn about the foundation of banking, the basics of financing and accounting, and financial statement analysis. After completing this banking course after graduation, an individual can apply for various job roles, such as Financial Executive, Business Analyst, Bank Manager, Cashier, etc.
MBA in Banking and Insurance
Master of Business Administration in Banking and Insurance (MBA) is a 2-year postgraduation course that is also a preferred banking course after graduation. This course teaches an individual about international banking, investment banking, risk management, insurance, etc. After completing this course, an individual can pursuee a career in the banking sector as a Management Analyst, Insurance Manager, Insurance Claims Specialist, etc.
Master of Science in Banking and Finance
Master of Science in Banking and Finance (B.Sc.) is another popular banking course after graduation chosen by many students. This postgraduate course ends within two years and imparts knowledge regarding banking, accounting, finance, management, investment strategies, etc.
Master of Science in Finance Banking and Insurance
Master of Science in Finance Banking and Insurance (M.Sc) ranks among the most valuable postgraduate banking courses students often opt for after graduation. In this course, an individual will learn about banking, insurance, various finance principles, risk management, stock market, investment, etc.
After completing this course, an individual can land a role as a Loan Officer, Wealth Manager, Investment Banker, Branch Manager, etc.
List of Banking Diploma Courses After Graduation
Apart from various banking courses, many banking diploma courses after graduation also help banking aspirants kickstart a career in banking. Here is a list of diploma courses one can opt for right after graduation:
PG Diploma in Banking Operations
PG Diploma in Banking Operations is one of the most popular banking diploma courses after graduation. This postgraduate diploma course focuses on various banking skills, such as banking products, working on the banking system, and making a to-do list for other bank members. This diploma course will help an individual bag various roles like Probationary Officer, Sales Office, Financial Advisor, etc. in the banking sector.
PG Diploma in Retail Banking
PG Diploma in Retail Banking is the next popular banking course after graduation. This postgraduate diploma course focuses on various policies and operations of banks and other financial institutions. This course will help an individual become a Relationship Manager, Customer Advisor, etc.
PG Diploma in Investment Banking
Last is the PG Diploma in Investment Banking, which an individual can opt for if they are looking for a career in banking. This course imparts knowledge regarding security valuation, asset valuation, investment tools, etc. After completing this course, one can easily become an Investment Banker, Asset Manager, Valuation Officer, etc.
Who is eligible for a banking course after graduation?
There are certain conditions one needs to fulfil to be eligible for a banking course after graduation. Here are a few criteria one needs to fulfil:
- An individual who has scored more than 50%-60% marks in their board examinations in classes 10 and 12 is eligible to enrol in a banking course after graduation.
- An individual must complete his or her graduation with more than 50%-60% marks from a UGC-approved university.
- For courses like MBA in Finance and Banking, one needs to score more than 80 percentile in the CAT examination and also pass the interview round.
Conclusion
The banking sector is prevalent both in the domestic sphere as well as the international sphere. Hence, pursuing a banking course opens a vast scope for someone who wants to make a career in this sector. Imarticus Learning has brought a new Certified Investment Banking Operations Professional course for those seeking a career in banking.
This online course will assist an individual in developing all the skills and knowledge one requires in the banking sector. Completing this course also guarantees placement in top-notch companies with numerous opportunities. Hurry up and get enrolled now!
Frequently Asked Questions
- Which is the top banking course after graduation in India?
Master of Business Administration in Banking and Finance (MBA) is one of the best banking courses after B.Com.
- What is the starting salary in banking for a fresher?
The average salary of a fresher in the banking sector is around INR 2,90,000 which varies from one bank to another.
- Why is banking one of the most sought-after career options?
Banking jobs have job security, decent salaries, rigid office timing, alongwith pension facilities, making them the most sought-after career options.
- Which is the best banking diploma course after graduation?
PG Diploma in Investment Banking is one of the best banking diploma courses after graduation.
