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Tag: corporate banking courses

How Do You Become a Corporate Banker?

Posted on by Imarticus Learning

Banks are the financial aiders to people, firms or whomsoever it may concern. But it is done sequentially with many processes including authentication, guarantee, etc. A corporate banker is someone who deals with firms and organizations rather than dealing with people. A corporate banker is required to understand the situation of clients and give them advice and assist. It may sound a little hyperbolic but the salaries range from 70k to 2 lacs per month and even more depending upon your banking firm. Let us understand how to become a corporate banker?

First of all, you need to complete your basic education and then you need to get a bachelor’s degree. You can go for masters later on, but you need to keep your specialization in the desired field only. There are a variety of bachelor’s degrees in finance and accounting and if everything suits you in the future, you could go for the Master in Business Administration in the field of finance. You need to have a good pre-requisite of statistics and accounting.

Most of the banking firms ask only for a basic high school diploma but it is good if you complete a bachelor’s degree which would certainly enhance your knowledge and reputation. You may require a license depending upon the transactions you are involved in.

If you want to get involved in securities transactions or M&A, then you will have to follow the guidelines by SEBA and upon fulfilling those criteria you will receive your license. It would be good if you analyze your job requirements beforehand so that you could cover the course in time without getting into a hectic schedule later on. Not every corporate banker requires a license, it depends on what type of transactions you are involved in as a corporate banker.

Besides good skills in accounting and finance, good communication skills are also required because understanding the firm’s situation and then providing the best-suited aid for them will be your job. If you can communicate well with your clients then only you can uplift the reputation. In a banking field, word of mouth plays a major role. If you satisfy your clients today, they will turn into prospects and may bring you more clients in the future.

So, add a little empathy in your personality and you will be well-liked. The more confident you are in your skills, the more chances you will get to work and enhance your career. Depending upon your skills, you may find a place in the front office or back office. If you are in the front office then you will have to interact with the clients and the back-office staff gives assist and support whenever required.

You will have to flow with the current as many technological advancements are being developed every day. You will have to cope up with the changes. The more advanced you are, the better you can deal with your client. The world of banking is developing at a rapid pace nowadays. Earlier there was only cash but now e-banking has made its way and who knows what is going to come.

Conclusion

Corporate banking is a good career choice and if you have decided to step in this field, it is high time for you to start building your personality in such a way that confidence is reflected from you. After all, you have to deal with people. The more confident you are, the better things would be done. You can look for seminars happening around which will give you more information about this field. You can follow various experts on different social media platforms which would be good for daily updates. And remember, if you think you can do this work or cannot, you are right in both cases. Best wishes for your career. Hope this helps.

 

How Does A Banking Industry Help To Improve The Cash Flow?

Posted on by Imarticus Learning

Banks are driving the economy
Banks are at the helm of affairs in today’s economy. Banks accept money from the people in the form of deposits and also provide credit to people who need money for professional and personal reasons. Banks hold an eminent position in maintaining the financial stability of any country; be it developing or developed. Banks ensure that there is optimum liquidity in the economy.
Banks’ role in regulating cash flows
Banks play a major role in improving and maintaining the cash flow in the economy. Banks issue money in the form of banknotes which are accepted throughout the country as a medium of exchange. Banks ensure the effective transferability of money from one party to another. Banks act as collection points for people who want to withdraw money and paying points for those who want to transfer or send money to other parties.
Banks also offset payments to people staying in different countries, hence levying a charge on those transactions and ensuring the inflow of cash in the financial institution. Banks borrow money from higher sorts of institutions and lend it out simultaneously thus creating a never-ending cycle of lending and borrowing and also ensuring the injection and withdrawal of money in the economy. They indulge in short-term borrowings and extend long-term borrowings to their customers.
Banks provide multiple incentives to the people who pay back their loans ahead of time and hence create a “swing-situation” for both the borrowers and banks as the inflow comes at a much quicker rate than expected, hence giving a lift to the cash flow.
Banking is a complex process. It requires a lot of insights on what rates should be maintained, what penalties to be charged, etc to keep this loop of money cycle functional. Corporate Banking training has high relevance in such a case.
How do banks help businesses in optimizing cash flows?
Banks help businesses increase and optimize their cash flows. Businesses should start tossing their sandwiches with bank oil before they start burning. Banks help businesses in analyzing statements better. Banks find ways so that the companies are paid faster from their debtors and every other possible form of receivables. They also streamline the process which controls irregular cash flows.
Banks also helps business in digitizing the process of cash management thus fixing the problems like time lag, in numerous discrepancies caused by paperwork, etc. Banks make it easier for businesses to send and receive and send money online smoothly thus, making the whole cash flow process much simpler and more effective. Mobile banking reduces the cost of transactions and also reduces the time of every transaction to a mere fraction.
Banks work as money advisors telling you what’s right for your money hence, bringing the best out of your money. Banks help you scan the opportunities and flag the dangers. Banks help in establishing a line of credit thus bringing stability to the whole process.
Banks also use some stringent measures to ensure cash flow because their primary function is to optimize cash flows. They charge a penalty for delayed paybacks thus maintaining their status in the economy.
Banks ensure liquidity
One of the major roles played by banks in ensuring cash flows is maintaining the liquidity. The funds are injected from time to time thus keeping the economy buttery. Bank generates cash flows in huge volumes, thus regulating the whole economy. It reduces leaks and helps the continuous cycle of money to become denser.
Banks help people in channelizing their accumulated money into other avenues where the returns could be huge, thus helping the people to grow the money which they have. Optimum cash flows give banks a breathable environment where they can spread out their roots and take control of the situation.
Conclusion
Banks help in instilling a sense of financial freedom and also streamlining the cash flows in all parts of the economy. Banks are the epitome of efficient money management and cash flow supervision. Corporate banking training would incorporate a better understanding of the banking sector. Banks have to keep a constant tap on the economy and come up with strategies to increase cash flows from time to time.
To understand these watch guards of the economy better, one will have to understand the fundamentals of money and also require in-depth insights on how money management can be leveraged to increase and optimize cash flows, thus building a great economy.