How to Join the Investment Banking Operations Industry without a Finance Degree?

Posted on August 31, 2021April 5, 2024 by Imarticus Learning

In the investment banking operation industry, in most cases, employers seek candidates with a finance degree. But, is it possible to make your way into the industry if you don’t have one? While without a doubt, the task is an uphill one for you to secure a job in investment banking if you don’t possess a finance degree; there are still ways you can get in.

A finance degree will make a candidate skillful in areas, like financial modeling and analysis; however, these are not all the qualities employers seek in a candidate. They want something more too.

The Skills Investment Banks Look for:

● Communication

Communication is the key in most professions. Your ability to communicate the facts and present your ideas in a proper manner towards your client, team, or management often plays a vital role in job interviews.

● Intelligence

Investment banking is not an easy industry. To succeed, you must have a higher level of intelligence and resourcefulness.

● Global outlook

The way you look at finance and its impact within the bigger picture of international relationships and history and international politics plays a major role as an investment banker.

● Innovation

As an employer, banks not only check if you can solve the problem but also the way you think and if you deliver the most optimum solution in the hard paced environment. Being innovative while solving problems will give you an edge in investment banking.

● Passion and Resilience

A real passion for business and finance along with the ability to deal with high-stress and demanding environments can make you successful in the investment banking industry.

Now the bigger question is – how to achieve the skills desired in investment banking when you don’t have a finance degree. Below few points could be your guide:

● Round off your degree

You can always make your resume stronger even without a finance graduate degree by taking banking courses after graduation. You may opt for an investment banker course.

A relevant course will help you catch up with your competitors and also will make your resume suitable for investment banking employers.

● Expand your knowledge base

There are plenty of materials available online or offline. It’s important to learn the finance lingo besides your finance knowledge. Various finance journals and websites are there at your disposal to learn the finance language.

● Complete industry course

A relevant industry course under your belt not only makes you job-ready but also showcases your commitment to building a career in finance.

● Score an internship

Many banks hire from their interns. Getting a paid internship for a non-finance student is very difficult; however, there are other options like an unpaid internship or volunteer work with a broker. Considering the impact of internships to get a full-time job in investment banking, alternate ways are not a bad choice either.

● Look for mentorship

If you know someone who is influential or a successful finance professional, who believes in your professional capabilities, then don’t hesitate to approach for help. This could be a great help in your job search to jumpstart your career.

● Networking

If you want to step in without a finance degree you have to build a large network. Do not leave any opportunities to connect HR departments in various platforms, do not restrict yourself to a specific location, and reach everyone for help. In short, do everything you can to step into a finance organization. Be patient, work hard and better opportunities will come your way.

Conclusion:

Though it is difficult for a non-finance degree holder to secure a job in investment banking, relevant banking courses after graduation or an investment banker course can give you the edge you are looking for. With enough hard work and networking, you can join investment banking without a finance degree.

Technology Investment Banking: Take Over the World with Zero Earnings and Negative Cash Flows

Posted on August 21, 2021April 5, 2024 by Imarticus Learning

When it comes to technology, investing in companies that are not making a profit might seem unreasonable. However, let’s assume the case of Amazon or Tesla where both these companies had negative earnings during certain quarters which scared investors immensely. In the long run, these two are highly profitable companies, but even then, they still sometimes manage to astonish their investors with poor earnings in a few unfortunate quarters.

There are many emerging technologies that have been and can be invested upon during their negative phases where they end up losing more value (or money) as compared to their earnings. Good investors take these risks with technology and software companies when they see a certain amount of hope or trust that these companies will certainly become profitable in some time.

Massive investment banking firms such as Ernst & Young, Morgan Stanley, Goldman Sachs, and others have dedicated technology divisions, focused only upon investing in technology that will be important in the future or companies that have been estimated to become household names.

A Certified Investment Banking Operations Professional (CIBOP) course can definitely assist in transitioning to investment banking jobs.

What are Negative Cash Flows

Negative Cash Flows occur when companies spend more money than they generate within a stipulated duration. However, Negative Cash Flows do not necessarily mean the company is running at a loss, it is simply a status that equates to imbalances in the revenue stream.

Though it means that the total expenditure outweighs the net income for the specific period, companies can still make a net profit in the long run. In areas such as technology, the initial phase is spent on research and development, thus, actual profit cannot be seen till products or the software is deployed and available to the public. So, investors and firms can still make a profit by looking at the gross margin.

Products should sell for more than their production cost in order to make a profit. However, in the case of Tesla, during the first quarter of 2021, the company lost $970 for every Testa automobile sold (which they covered up with credits and bitcoin sales). Without their credits and BTC sales, they would actually end up losing $181 million.

Amazon, one of the biggest names now, took 14 years to cumulatively turn up the net profit that it earned in just the 4th quarter of 2017. In fact, until the early 2000s, Amazon incurred negative returns during every quarter.

Why are Zero Earnings Beneficial for Investors?

Many technological companies suffer from negative earnings quarter after quarter, however, some always end up achieving blue-chip status or acquiring massive value. This is especially true for biotechnology, IT, semiconductors, hardware, and aeronautical innovations. Investing in early-stage firms from these industries that are currently suffering due to difficulties can promise massive rewards that far outweigh the associated risks.

The possibility of invested companies discovering extremely important technology that assists medical science or AI systems that are capable of running entire cities is far too alluring to miss out on. Zero earnings or negative earnings can be a short-term situation and smart investors rely on the gross margin for longer durations.

It is a high-risk investment, however, large investment banks and investors are generally willing to be patient with temporary problems for an earnings recovery in the future. When wondering about what are the career options after graduation, one can definitely look into investment banking.

Conclusion

A certificate in investment course details shows the way to become a budding investment banker for helping investment firms. Valuation methods such as Discounted Cash Flow and Relative valuation take a company’s temporary problems and the future profit into account to determine if it is worth taking the risk.

So, what are the career options after graduation? Candidates are first recommended to definitely enroll for a Certificate in investment course, details are available here.

How Do I Get Into Investment Banking

Career As An Investment Banker

Difference Between Commercial Banking and Merchant Banking!

Posted on August 16, 2021April 4, 2024 by Imarticus Learning

Commercial Banking :

Commercial Banking refers to the form of the banking service where commercial banks offer various types of monetary services to anyone who wants to avail its services including the public as well as corporations whereas Merchant Banking refers to the form of the banking service where the merchant banks offer financial services to a large company or wealthy individuals.

When you are looking to build your career in the banking industry, the terms commercial banking and merchant banking will sound familiar to you. In this article, besides discussing the differences between commercial banking and merchant banking, we will guide you about the educational prerequisites to succeed in these both banking sectors.

Both of these are essentially two-key banking services that offer many students good rewarding career choices in finance. They are separated mainly based on the nature of offered services and the clients they serve.

Commercial banks verify and uphold savings accounts of individuals; provides loans and mortgages to individuals or small-scale businesses. But merchant banks operate as fiscal consultants to large-scale companies. Commercial banking is usually reachable to everyone for elementary banking requirements, whereas merchant banking is concerned to hand out primarily to large corporations and very wealthy persons.

What is Merchant Banking?

Merchant banks provide financial services for corporate entities, including trade financing and a whole range of international financial activities. They usually cater to mid-sized corporations and can assist with the underwriting of securities, raising venture capital, and offer a host of trade advisory services depending on the specific needs of their clients. They primarily earn through the fee paid for their advisory services.

The main focus of the merchant banks is to invest the depositor’s assets in a financial portfolio which suits best their various requirements like return, risk-taking capacity, etc., and then appropriately manage these investments. Other services offered by merchant banks include providing counselling and advisory services to wealthy individuals and large corporations. As these banks offer various investment functions, they are typically called investment banks.

Commercial Banking Vs Merchant Banking

● Definition

By definition, commercial banks are banking establishments that offer basic banking services to the general public like providing a loan and deposit money. By definition, merchant banks are financial institutes that provide various financial services to multinational clients with higher net worth, and they have specialization in international trades.

● Accessibility

Commercial banking is accessible to anyone who needs basic banking services. Merchant banks’ accessibility is limited to big companies and affluent individuals.

● Earning

The main source of income for a commercial bank is the interest received on various loans issued. Apart from that, for various banking services they provide like ATM and mobile banking, they charge certain service fees. The key earning in the case of merchant banks comes from the fees received for the advisory services they offer.

● Effect in economy

Local operation areas of the bank are the economically impacted areas for a commercial bank. Large corporations, the clients of merchant banks are impacted by merchant banks. Hence, stock market prices and the national economy are impacted by merchant banks.

● Risk exposure

Commercial banks’ risk exposure is less in comparison with merchant banks.

● Nature of loan extended

Loans that a commercial bank provides are more debt-related. On the other hand, merchant bank-provided loans are more equity-related.

● Role

Commercial banks serve their clients as financiers but merchant banks serve their clients as financial advisors.

● Governing act/body

Commercial banks are under Banking Regulation Act, 1949. Merchant banks follow the rules and regulations composed by SEBI (The Securities and Exchange Board of India).

● Engagement type

Commercial banks engage in the general banking business buch schreiben lassen. Merchant banks are more of a consultancy service providers.

● Target clients

Commercial banks are established to fulfil the banking needs of the general public Google Agentur. Merchant banks are established to accomplish the financial needs of corporate firms.

Education required

Commercial banking

An accounting, finance, or mathematics degree could help you if you are looking forward to working in the commercial banking industry seo texte schreiben lassen. Strong knowledge and a Postgraduate Program in Banking and Finance you can look at depending on the role you are trying to pursue.

Merchant banking

Merchant banks mainly hire Postgraduates in Banking and Finance. Certifications like Postgraduate Program in Banking and Finance could add great value to your profile Amazon Agentur. Fluency in a foreign language also could be a great add-on.

Commercial Banking

Pros:

Commercial banks offer some of the most popular career options in banking. Job roles in this field accommodate people with widely differing skill sets, and compensation is also adequate.

Advanced educational qualifications or practical experience is not a must for some entry-level positions in commercial banking ghostwriter Husarbeit, which makes it more of an accessible career option for an average individual.

Merchant Banking

Pros:

One of the best banking career options in terms of package and bonuses, along with exciting and challenging work roles. Merchant banking is more of a high-profile career where professionals help secure major deals and facilitate raising funds for corporations.

Remuneration is quite competitive right from entry-level positions. Growth prospects are excellent, making it possible for a dedicated professional to rise through the ranks to become a vice president or managing director in a firm.

Job Skill Readiness in Today’s Market: Banking and Finance

Posted on August 12, 2021 by Imarticus Learning

The banking and finance sector, as a career choice, can be very rewarding. Hence, this field is competitive. This sector comes with a plethora of career opportunities.

Hence, while looking for career options after a banking course, you might want to take a specialized certificate course in banking and finance or a PG diploma in banking and finance. But what are the skills that will make you a standout candidate and boost your career options after a banking course? Let’s discuss.

● Analytical Skill

To identify trends, patterns and find out definitive conclusions from the data you’re dealing with, you’ll need profound analytical skills. You need to know what and why you are looking at the given data set and also how to draw a conclusion out of it.

● Accounting knowledge

Your role may not be that of an accountant, but the knowledge to understand accounting transactions and applicable accounting regulations will be important. In order to provide financial advice, you’ll need to frequently and comfortably discuss financial statements.

● Technical Skill

The majority of decision-making is nowadays based on data analysis. Therefore, to create and understand the data, to discuss with other stakeholders, to find any information, and basically to perform most of the day-to-day activities, you’ll need to be tech-savvy.

● Numeracy skill

Some employers ask for a numerate degree such as mathematics, statistics, or economics. Even if your role may not directly need this skill, in a sector that is all about numbers, it’s a handy skill to have.

● Market awareness

Your ability to anticipate financial trends and upcoming business development can make you a stand-out banker. After all, based on these predictions, the bank either decides to expand or protect a particular area. Moreover, when you are working with a client from a different industry, it’s mandatory to know everything about the risk, potential change factors, and climate of that industry.

● Attention to detail

Especially in the banking and finance sector, attention to detail is a must-have skill. This could be to notice a trend or while preparing a complex report and, most importantly, to avoid simple mistakes. In this sector, the simplest of mistakes could cost billions of dollars to the organization.

● Communication skills

Communication is a key skill. In banking and finance, you’ll need to both listen and explain. While understanding and explaining work to a client with non-financial background, or while professionally writing or presenting work to higher management, the way you communicate will leave a big impact.

● Work Ethic

This sector is not for the lazy. Especially in the first few years, your working hours will be brutally stretched. If you don’t possess an unremitting work ethic and extreme hunger to progress, this career may not be right for you.

● Stress management

Stretched working hours, high pressure, and high expectations bring a lot of stress. In order to become successful or even survive, you should have a higher tolerance for stress.

● Organization and time management

Even with proper organization and time management, because of extreme work pressure, professionals need to work for longer. Extreme work pressure makes this skill absolutely essential in this sector.

Life in the banking and finance domain is not for everyone. Though the rewards are good, you need to sacrifice a lot to reach there. However, it remains a great career option and you can get a rewarding post after a banking course from reputed institutions. A certificate course in banking and finance and also a PG diploma in banking and finance can help you explore a number of career options after a banking course.

Is Embedded Finance the Next Evolution in Fintech?

Posted on August 11, 2021March 22, 2024 by Imarticus Learning

What is Embedded Finance?

Over the decade banking services like lending, payments, remittance have shifted from being under the sole purview of banks to non-bank service providers. The various financial services have come to be embedded within the software and applications of the non-bank providers streamlining both customer and business enterprise experience. Embedded finance or embedded banking, as is popularly termed, is the future of Finance Technology (abbreviated Fintech).

It is essentially the merging of a non-financial service provider, for example, a telco or local SaaS business, with a financial service provider.

With embedded finance reshaping and creating new roles for technology companies in the financial world, a career in Fintech will prove to be highly rewarding in the coming years.

For this, it is imperative to know what is a Fintech professional and the best Fintech courses in India that one can opt for.

Role of Embedded Finance in the Industry

With the world increasingly adapting to the digital revolution, businesses, both local and international, are looking forward to expanding their horizons to provide banking services ranging from providing loans, cashless payments, credits, debit cards, and e-wallets. Earlier businesses had to create a Fintech arm within the company costing a fortune to oversee the financial operations.

However, with embedded finance infrastructure, this disadvantage has been overridden resulting in almost double the normal profit. And with the disappearance of third-party banks, the process becomes smoother for the consumer. It lures the customer with its easy transaction process thus monetizing him/her and expanding the business.

Apart from integrated payments, the other high point of embedded finance is the ease of accessing in-app credit programs and loans, enabling the customer to complete a purchase without leaving the app and converting it into an EMI at the checkout point as is seen with Amazon.

Embedded card payment involves the creation of the company’s own cash card in exchange for a white label debit card. The cash card is linked to the user’s bank account giving him direct access to his user balance. This can be arranged by the company at a small interchange fee with the partner bank.

Embedded insurance is also being integrated into the buying experience of customers to seamlessly complete the procedure of insuring a car or home or other such purchases without the inclusion of a third-party insurance company. This is not only cost-effective but also saves a lot of time and pain on the part of customers as demonstrated by major automobile companies.

Embedded banking has taken a step forward in the evolution of the Fintech industry by taking investment into its territory. Investment has always been a tricky affair for the common man. With API-based brokerage firms leading the way for embedded investments, it is no longer a faraway dream. Platforms have integrated stock market investing by building microservices beginning with opening an account and ending with trading and market data.

The Way Forward

Fintech Infrastructure stands upon three pillars – digital platforms, financial institutions, and embedded finance infrastructure companies. To make each of these pillars functional data science, AI, cloud management, and blockchain development work together. To understand what is a Fintech professional’s role and how to make a career in Fintech, you can check out the professional Fintech certificate course.

It is best to start young if you are looking forward to making a career out of Fintech and especially embedded finance. One can choose from some of the best Fintech courses in India and opt for a subject of his/her choice. An undergraduate course in finance, economics, engineering, commerce, or management followed by post-graduation in the specific field can open avenues for youngsters and aid them in building a lucrative career in Fintech.

Fintech Disruption of The Banking Industry: Innovation vs Tradition?

Posted on August 6, 2021March 21, 2024 by Imarticus Learning

Consumer choice was far more restricted just over a decade ago. And often, if you didn’t have cash in your wallet to pay, there would have been no way to get what you wanted.

Then e-commerce happened and the digital space exploded.

Suddenly you could order a variety of goods and services online. Not only prices became more competitive than they had ever been in the past, but communication with anyone anywhere was made possible through the internet. Now, when you want to make a purchase, it is easier than ever before since even credit cards are digital now.

Thanks to fintech innovation and the growing race of startups that are helping consumers get the best of financial options – and consume more and more of what they desire.

However, as the fintech boom emerged to disrupt the banking industry’s longstanding traditions, banks were slow to keep up with demand. Legacy back-office technology couldn’t handle customer demands and their internal cultures had to undergo a dramatic change at a time when this proved near impossible.

These key factors became the seed wave of the first wave of financial technologies during this time period.

How Has Fintech Disrupted Banking?

The new financial services providers were not constrained by the legacy infrastructures that larger banks owned, and this often gave them greater agility when trying to navigate changes in regulations or compliance requirements.

In the past decade, fintech companies have sought to solve problems traditional banks cannot. Or at least they say they will do what these banks do, but better. The expansion of these start-ups into the financial industry has been driven by heavy investment in technology and business savvy rather than relying on banking or finance experience.

Growing Demand for Skilled Fintech Professionals

One of the most noteworthy qualities of Fintech is its global impact – going beyond India and pervading China and Europe. Amidst all these benefits, there has been one key change that has had a significant impact- the rising demand for innovation in this prolific industry; and the talent that will drive it.

This is why fintech professionals are in high demand. To cater to a growing behemoth, fintech courses online are enrolling students and preparing them.

Fintech is growing at a rate of 64% globally, and in developing countries that growth stands at 87%. Funding from diverse stakeholders along with innovations by manufacturers has contributed to the rise of digitized payments.

These recent developments have spurred Fintechs and banks alike around the globe, which gives promising scope for remittance programs.

80% of banking activities happening in India’s top banks run on digital channels, which makes for an enormous opportunity for international remittance systems.

That means fintech professionals can effectively serve startups, banks, and other financial institutions since the digital paradigm is amalgamating all these industrial aspects.

Want to Make a Glorious Career in Fintech?

Imarticus is here to power up your career in the fintech industry with its MBA in fintech program.

Imarticus has collaborated with the prestigious JAIN Online to further enhance their robust MBA In FinTech program, thereby covering every paradigm of cutting-edge New Age FinTech solutions. The curriculum is designed to provide you with in-depth exposure to key elements of the FinTech domain.

This one-of-a-kind FinTech MBA program covers every critical aspect of FinTech via hands-on training with prominent technologies such as API, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data.

Get started today!

Good luck 🙂

How Small Finance Banks Are Paving A Path To New Age Banking in 2021?

Posted on August 2, 2021March 22, 2024 by Imarticus Learning

The year 2021 is mid-way, and the digitalization of banking is the reality. The new generation of banks is not restricted to bricks-and-mortar but can be accessed online on mobile apps. Small finance banks have been able to make their mark in this world with innovative products and services that cater to all segments of society.

The banking industry is undergoing a significant shift. Changes in technology, customer preferences, and regulatory changes drive the need for small finance banks to invest heavily into new-age banking solutions. Small finance banks have emerged as an alternative to traditional large-scale financial institutions in India and other emerging economies with low economic development.

Some Fintech and Banking Trends that can help Small Finance Banks in 2021:

Digitalization

Most employees rely on digital means to accomplish tasks assigned. Organizations must-have digital tools in place to access the files. When physical documents are converted into digital format, maintaining a high level of accuracy is essential. Any compromise on data integrity can hamper data. When taken into account, all this means small finance banks must keep documents and files safe within a secure infrastructure to make them available through easy-to-use web-based API tools.

Banking partnerships

The pandemic has been challenging for everyone. Financial organizations have suffered equally. This has brought together a bunch of traditional financial institutions together as fintech start-ups. The goal is to remain competitive & roll out new services successfully. This way, fintech developers will play a pivotal role in helping small finance banks to benefit quickly.

Artificial Intelligence

As far as small finance banks are concerned, vast implementation of AI has been witnessed. Banks must incorporate AI in every operation. By virtue of AI, operational expenses can reduce drastically over the years. AI outlines its role in the form of chatbots. Addressing consumer queries, fraud prevalent tools to verify the authenticity of KYC documents, & other advanced functionalities are now easier than ever before. AI gives the way to improve accuracy & personalization.

E-commerce

The past few years have seen massive reliance on the e-commerce sector. It is possible that upcoming years would see phenomenal growth in e-commerce. Despite the pandemic, people are considering online shopping as an alternative. It is an opportunity & advantage for banks as many transactions happen online, generating income for them.

Digital banking

With digital banking, people are now accessing a wide range of personal financial information & executing essential tasks. Advancements need to be made in AI, biometrics, open banking, & cybersecurity. Thus, small finance banks must anticipate more people welcoming digital banking in 2021.

With the above-stated facts, the Career options after the banking course are immense. A Certificate course in banking and finance can help aspirants build a career in Fintech.

Learn and Grow with Imarticus Learning:

Imarticus Learning offers many programs that prepare students for banking and finance management with assured placement. The Postgraduate diploma in New-age banking and finance is a program with a unique curriculum and parallel learning path. Ideal for professionals looking to upgrade their career in BFSI, the exceptional approach of this program redefines industry knowledge & effectively compounds occupational abilities.

The certificate course in banking and finance includes an overview of financial accounting, strategic management, business law, marketing, communications, information systems, HR & much more. Enrol today to build a successful career in Fintech and banking!

For further details on business analytics courses in India, contact us through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

All You Need To Know About The Career Scope in BBA- Banking and Finance

Posted on July 21, 2021September 14, 2021 by Imarticus Learning

BBA is a well-known management program in India and across the globe. There are too many institutes that provide BBA courses. Most of the students opt to join BBA courses as it helps them in getting admission to MBA or PGDM courses. However, choosing the right institute to pursue your career becomes an essential part of the education phase.

What is BBA in Banking and Finance?

BBA stands for Bachelor of Business Administration. In banking and finance, this degree enables students to gain skills in accounting, economics, business law, and marketing, which they can use when dealing with the public or other organizations.

Bachelor of Business administration is a four-year program that prepares people who want careers in management positions within various banking & financial services. The BBA focuses on teaching essential knowledge about how the industry operates, so graduates are ready for career opportunities from accountants to lawyers; managers/executives at small businesses like restaurants or retail stores up through executives working high-level jobs at Fortune 500 companies.

Why should you study an online BBA course in India?

BBA courses are the gateway to a bright future. The curriculum covers all of the fundamentals, including accounting and finance, management principles, marketing strategies, and more. These skills give you an edge in today’s job market over those who haven’t had them ever before!

BBA coursework is what helps make your resume stand out from other applicants on paper – it makes sure that employers know how much experience they can gain during their time enrolled at this institution while also taking advantage of these opportunities with internships or fully-paid jobs within various companies for hands-on learning outside class hours. BBA degrees provide students with knowledge about business administration practices as well as potential career paths after graduation.

Career scope of Banking and Finance professionals

Financial professionals are a breed of their own. They manage the economy, guide investments, and help grow companies with advice on making wise decisions about money matters. Bankers provide loans for organizations in need, while financial advisors advise those looking for ways to generate income or invest savings wisely.

Alongside venture capitalists and other investment managers, these experts can have an enormous impact on international trade as well as local economies by creating jobs, alleviating poverty through better education opportunities, or spurring economic growth through development projects that create new markets such as carbon trading schemes which reduce emissions from fossil fuels used around the world.

Imarticus offers Online BBA certification in Banking and Finance.

There are countless universities and business schools that offer BBA programs in Banking and finance. Imarticus Learning is one of the leading technology-driven institutes that provide online courses on banking for those living abroad or simply unable to move back home and Indian students looking to further their education without sacrificing work hours. Enroll now for BBA in banking and finance.

What are the Benefits of Studying Banking and Finance?

Posted on July 9, 2021July 29, 2022 by Imarticus Learning

What are the benefits of studying Banking and Finance?

The banking and finance industry has always been a growing field given its vital economic significance. It has continuously evolved to meet the needs of the modern capitalist economy. The traditional banking systems have been replaced with more sophisticated digital ones to meet the needs of 21st-century customers.

First, and most importantly, the banking industry is so versatile that you have the options to choose which segment within the banking industry, you would be keen to pursue. It offers a fast-paced and continuously challenging career only to put your skillset to the test.

Secondly, through a professional banking course that is offered by various banking institutions, government-registered institutions, and private establishments, you open up a career opportunity to last a lifetime.

Banking and Finance is one such industry that will never be out of business and will continue to proliferate as more development-oriented activities are carried out in the economy.

Benefits of Studying Banking and Finance

One of the major benefits of studying banking and finance is the diverse range of career opportunities that are there. You can choose from a range of job roles as per your strength and skills and have a very rewarding career.

Another important benefit of studying banking and finance is that it offers a very pragmatic approach to learning things around us. You will learn skills that are practically applicable in most industries instead of just obtaining theoretical knowledge. It will help you understand how the economy and the world around us work.

The banking and finance courses help you to obtain a better level of qualification. The skills you will learn here will be in demand throughout. Also, it is important to note that the demand for banking and finance professionals is not just limited to the banking and finance industry.

You can also work with companies in different industries that require finance professionals to manage their finances and books of accounts. You can pick an industry of your liking and join a company as a finance professional.

The banking and finance job roles have a very lucrative remuneration and most of the job roles have incentives attached in addition to your salary. It makes it worth your time to build a career in the banking and finance-related segment.

In addition to this, most of the job roles in the banking and finance segment require you to interact with people inside and outside the company, this helps you build your professional network very rapidly.

Some of the reputed career options in the banking and finance segment such as the Investment banker or Wealth manager give you a special platform to connect and network with high-profile individuals and companies. You have access to crucial and confidential information which makes you stand out from the crowd. The same is the case with the role of a financial analyst or business analyst.

Let’s take a glimpse into how the career opportunities in the banking and finance segment differ and why you should go for it.

Fast-paced and Challenging Career Opportunity

If you want to grow fast in your career and are ready to accept challenging circumstances, you will love the job roles that the banking and finance industry has to offer. The market keeps on fluctuating and so do the daily requirements when you are working for companies in the banking and finance industry.

If you are working as a trader or an investment banker you will require to work 70-80 hours a week but your efforts will be equally rewarded and your remuneration will be much more than the usual jobs.

Boost Your Long-Term Career Prospects

Starting your career with a job role in the banking and finance-related segment helps you boost your long-term career goals no matter what industry you want to join later. Having worked with a reputed bank or financial institution helps to amplify your resume and boost your chances of getting a job in any industry.

Also, it will be fairly easier for you to join other companies in the same domain and you will be highly rewarded for your experience at a reputed financial firm.

Want to be a Certified Anti Money Laundering Specialist for a Multinational Financial Institution? Check this out

Posted on June 30, 2021March 21, 2024 by Imarticus Learning

The banking sector is a flourishing ground and the multiple career opportunities in this sector make it the best for both career growth and employment prospects. While a career in banking has been a popular field, the latest rage is being an Anti-Money Laundering Specialist.

For the prospective candidates, the best banking courses after graduation for this career would be the Certified Investment Banking Operations Specialist (CIBOP).

Who is an AML Specialist?

An AML Specialist is a person who investigates the risks and potential of money laundering in financial institutions or global banks. He or she is responsible for constantly monitoring and identifying any suspicious transactions in the field and duly document them.

Recently there has been an increased demand for these specialists and a career in AML is at its peak, considering the swelling cyber frauds that companies suffer every year.

There are various certification courses available online to help you pursue this career. One must choose the best investment banking courses with placement assistance that prepare the candidate for the job.

Why is CIBOP the best option?

CIBOP course is designed in collaboration with the industry experts so that the candidates will have a better idea about what to expect and how the market works. The course will be conducted by experienced professionals who can give a clear idea about the investment banking career and clear their doubts.

This is also one of those investment banking courses with placement assistance for an assured job in the end. Moreover, the trade lifecycle that is taught here takes the global outlook into account so that it always has the perspective of the overall operations.

Career prospects in AML

An AML professional should have a better understanding of the sections such as fixed income, cash equities, money market, foreign exchange, and derivatives market. He or she must be able to do an in-depth study and analysis of everyday operations of an investment bank with a main focus on the trade life cycle.

Since Anti Money Laundering course also involves risk management and regulations, the candidate must be well versed in these areas as well. The other skills these specialists must possess are,

Ability to conduct investigation and risk assessment of the suspicious banking events and take the appropriate actions.
Ability to propose actions to the management based on the investigation conducted
Must recommend new rules and regulations to the business management team for the success of the efforts, processes, and policies.
Must follow the emerging trends in the field and constantly conduct research on the ongoing financial issues and conduct an analysis of the same.
Most importantly, he or she must have a strong analytical mind, communication skills, pay attention to the minute details, and be able to make quick decisions.

Conclusion

For those who are still confused about their career options, think about the various banking courses to choose after graduation. Any banking course, especially concerning the investment bank is a good career option for newcomers and professionals equally.