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The Perfect Course For Those Dreaming Of A Job In Finance

Posted on by Imarticus Learning

 

Latha Rani shares her experience of the course and the journey that led her to land a job at Goldman Sachs.

Getting a prestigious job in the finance sector is as difficult as it can get even for those with a master’s degree in Finance. Latha Rani, a bachelor in Management Studies, and a former employee in Retail industry tell us about her experiences and how the Financial Analyst Course by Imarticus Learning helped her land her dream job at Goldman Sachs.
Tell us a bit about yourself
My name is Latha Rani, I did my Bachelor’s course in management studies and I was working in the retail sector before joining this course. I always had this wish to make a career for myself in the Finance Sector so while searching for courses related to the Finance Sector, I stumbled upon Imarticus which quickly caught my eye. I became interested in the Investment Banking Training Course offered at this place, so I looked for the Imarticus Learning reviews, enquired about the same and got myself a counseling session. On visiting the learning center, the counselor readily guided me to a path to realizing my Investment Banking dreams and hence I enrolled for the course.
Tell us a bit about your experience at Imartcius Learning
From the day of the counseling to the last day of my course, I have got lots of help and advice from counselors and faculty members alike. The teachers here are dedicated, they train you in every aspect of your development be it soft skills or your basics, these people guide you in such a way that even if you are from a non-finance background you won’t feel left behind.
Imarticus gave me the right platform to build my skills and launch my career in the right direction, I am thankful for the experience.
Give us your Imarticus Financial Analyst Program Review and tell us if you would recommend this course
To start with it, I think the most important part of this course is the fantastic trainers at Imarticus. The approach here is beyond the range of textbooks and the trainers really put in their best when it comes to guiding you with their expertise and developing your skills and understanding of the subject.
As mentioned earlier, the methodology of teaching is so inclusive that you won’t feel left behind even if you don’t belong to a Finance background. The classroom lectures are interactive and interesting and doubts are always welcomed.
All in all, they make you a person who is ready for a career in Investment Banking and I would highly recommend this course to anyone seeking a career in the Finance Industry.
Your thoughts about Imarticus learning’s Placement Services?
Even though I didn’t expect much from this course when I first came here, the learning experience at Imarticus was one of the best like those you expect from only the premier institutes in the world. If we talk about the placement services, the people involved in the placement are so dedicated that they help you at every step that leads you to your dream job. It’s more like a ladder that they provide you first by helping you refine your resume and then preparing yours for the biggest interviews of your life.
When you see the biggest investment banks in the world picking up people trained by Imarticus Learning, you know how well the placement services at this place work and how dedicated they are to your cause and your dreams.
I got placed at Goldman Sachs and I would recommend you to look to Imarticus Learning in order to make your dreams a reality.
Interested in a Finance Course? Click here to know more about Financial Analyst Course by Imarticus Learning. To know more about this, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

Imarticus Learning Reviews – Anuraag Linga’s Astounding Journey With Imarticus

Posted on by Imarticus Learning

 

If you want a career in Investment Banking, Imarticus learning is your go-to place, says Anurag Linga, who had enrolled for Imarticus’ KYC-AML training program. According to Anuraag, it was a career-defining learning experience for him. With amazing trainers and best faculty members, Imarticus’ Investment Banking Training gave him a 360-degree exposure. For him, the program was a 45-days knowledge enriching program which was informative and fun at the same time. He recommends the course to everyone seeking a career in investment banking.

What Anurag liked the most was how the trainers were not providing bookish lessons but had in-depth knowledge of the subject, which made it interesting for him to study and learn new concepts. He also adds that the teaching methodologies were quite on point, making it easy for him to understand the intricate details of the training program.

For him, the highlight of the program was the correct curriculum implemented to convey each lesson in a systematic manner without missing on anything minor or major. 

Some of the advantages of the Imarticus Learnings’ Investment Banking Training mentioned:

  • With a process-specific course and well-defined syllabus, Imarticus provides every student with a chance to excel in various investment-related aspects.
  • Imarticus learning reviews every student’s performance and helps them leverage their strong areas while helping them to improve on their weak point.
  • With Imarticus learning placement, every student who undergoes training with them can find offers from the top investment banks from across the Globe.
  • At Imarticus, it is not just about point to point learning; it is about exploring a vast horizon of knowledge.
  • For students who want to start their career in investment banking, Imarticus learning provides career counseling sessions which are quite helpful.
  • The approach of conveying lessons is quite practical, and hence, it is easy for the students to associate the lessons with real case problems in the finance industry.
  • The courses at Imarticus learning are divided into four parts, namely classroom learning, experiential learning, reinforcement of learned concepts and state-of-the-art learning management system.

Talking about Imarticus learning placement, it is one of the most sought-after placements, which promise a valuable experience to all the candidates.

With all this said, Anurag concluded by saying that he has achieved what he desired with Imarticus learning’s training programs. For him, the training was not just about KYC-AML; it was about discovering a whole new side of the finance and the investment industry.

This was one of the many testimonials for Imarticus learning. As mentioned by Anuraag and many other candidates like him, Imarticus is not just an education center, it is a promise for a brighter future into investment banking.

With a holistic learning experience, Imarticus has taught students about a broader scope in the investment industry. The cutting-edge technical support, the highly experienced faculty and the best in class infrastructure is proof of the quality of education at Imarticus Learning.

So, what are you waiting for? If you want a career in investment banking, Imarticus is a one-stop solution for all your knowledge requirements. The Imarticus learning reviews are a testimony to the fact that it is not easy to build the right career track without taking the right career choices and Imarticus learning proves to be the right step if you hope for a fruitful career as an investment banker.

Enquire about the courses offered at Imarticus, enroll for the next batch and be a part of the change in the investment sector. With Imarticus, don’t just learn for the sake of it, look into the intricate side of every investment decision.

For more details regarding this in brief and for further career counseling, you can also visit – Imarticus Learning and can drop your query by filling up a simple form through the site or can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How Would Your Job Prospects Change After a New Age Banking Course?

Posted on by Imarticus Learning

Your decision to take up a career in new-age banking is laudable. Some of the obvious plus points of doing a New age banking course and making a career in banking are:

  • Job security and working in MNC environments.
  • Super salary packages topped with great benefits
  • Undying scope for job opportunities even after retirement.
  • Wide variety of jobs experiences and roles.
  • Banking industry jobs are prestigious and have a thriving ecosystem.
  • You can avail New Age Banking Training to help you qualify at the competitive job tests and interviews.
  • Your ambitions are never limited and career progression is also great.
  • Community service goals and continued learning opportunities are satisfying and enriching.
  • Fixed working hours and a great environment to work in.
  • Certifications gained to add to your resume and knowledge endorsing your skill levels.

The variety of sectors on offer:
Traditionally the roles were related to customer-service and teller areas in banks. Today many key areas need personnel who can multi-task in new-age banks.
Here are some of the opportunity areas in current new-age banking: 

  • Personalized Consumer Banking division roles deal with customized services and financial advice to priority individual HNI customers.
  • IT, systems and security cover areas that aid the banking operation, accumulate technology, data, and records, store them safely, and maintain the safety of the entire banking environment and assets.
  • Commercial Banking roles have clients like organizations, schools, businesses, churches, etc to cater to customized banking financial solutions.
  • Investment and Trust Banking help with investments, issuances, property and fund management for both individual and institutional clients.
  • Accounting and administration roles handle policies, routine due-diligence, strategy and planning, internal operations and such tasks.
  • Regulatory and Accounting and administration roles handle policies, routine due-diligence, strategy and planning, internal operations and such tasks.
  • HR and PR Resources are the bloodlines and while HR is employee management related the PRO is client facing and strives to improve customer experience and feedback.
  • Operations roles deal with the everyday handling of banking operations from bookkeeping, record keeping, financial analysis, strategy meetings, client presentations, etc.
  • Marketing is an important role and helps win the new customers into the fold with bank’s product information, managing the customer database, advertising, media, and press releases and much more.

What is new-age banking?
New-age banking challenges hence involve upgrading traditional banking business to cutting-edge services offering services in the following three areas of online lending, banking services, and Forex transactions.
Online Lending: 
Take the case of IndusInd Bank. Their loans are now pre-approved and the ETB users log into the portal and get instant loans after meeting the online eligibility criteria. Besides, they have ramped up the loans on consumer durables, securitized loans, and more digitizing those long and time-consuming loan processes into paper-less, pre-approved, seamlessly online instant transactions.
Transactions in FOREX:
This trending market also covers travel cards that are multi-currency, currency exchange at market rates and delivery of local currency at kiosks or the airport for foreign travelers. The easy on-boarding and reloading, blockchain based security, direct product deliveries against cash-on-receipt; easy conversions of FOREX, etc are some of the USPs.
Personalized Banking Services:
Customization of banking services through requests has made visiting the bank and queues obsolete. Almost all banks have portals for account management, and payment platforms like BHIM and QR scans like PayTM have meant digitization and cashless transactions leading to higher C-SAT ratings.
Skills for a new-age banker:
To become bankable as a new-age banker be prepared to undertake New Age Banking Training and work hard in the New Age Banking Course on the following attributes. You will need to have a sound academic record and at least a graduation degree.
You will need : 

  • Strong manipulative skills in Excel VB Macros and such financial software.
  • Excellent forecasting, predictive and analytical skills.
  • Analytical thinking and problem-solving abilities.
  • Sound conceptual foundations in subject-expertise are very desirable.
  • Fluency in English communication.

Employment Outlook:
The total payouts in new-age banking roles are performance and bonuses oriented and are extremely well-paying in comparison to other jobs.
Conclusion:
Bank jobs are open to all persons. If you are a graduate and have the necessary attributes and persona for a banking job, do a new-age course in banking at Imarticus Learning. Doing the New Age Banking Training course helps you earn a global measurable certification which validates your skills and knowledge and is acceptable as real-life experience of the new-age banking procedures and experience requirements preferred by most employers.
The course helps prepare you with a good curriculum, practical experience, assured job placements and help in cracking the interviews. Hurry! Admissions are limited in every batch.

What do you need to learn to become a Financial Analyst?

Posted on by Imarticus Learning

At the onset of your career as a junior analyst, you will need to enhance your proficiency in database usage, spreadsheets, presentations in PowerPoint, other relevant software applications and Microsoft Excel. Senior analysts will, however, have to work on the crucial aspects of presentation skills, long working hours, mentoring juniors effectively, and building interpersonal relationships.

A financial analyst career requires long working hours, preparation and a flair for financial analysis. Other than job-satisfaction, the career provides excellent payouts and a horde of opportunities.

Essential Skills: 
Foundational graduation in Finance, economics, statistics, etc would be very desirable. Most courses provide boot camps for those who do not have a finance background. Based on your plans, specialization choices, eligibility, and resources various courses provide certification.

The most coveted of these is the CFA certification. You could also take up the Series 63 and 7 exams for accounting practices and investment terms in the US known as SIE certification (Securities Industry Essentials).

One will require non-technical and non-transferable skills like:

finance certification

  • Good quantitative skills.
  • Great problem-solving skills.
  • Grasp on use of inferential logic and an innovative approach.
  • Good presentation skills.
  • Above average reporting and data skills.
  • Great communicative ability and Interpersonal skills.
  • Team skills that are both collaborative and communicative.
  • Ability to sustain when working long hours under demands, pressure, and ambiguity.
  • Integrity and discipline.
  • A quick absorptive learner for financial interpretations without SOPs.

Technical skills:

  • Microsoft Excel and VB Macros
  • Use of data analysis techniques and manipulations in software
  • Fundamental accounting concepts
  • Financial statements analysis with forecasting, inferences, and valuation
  • Use and creating financial models and tools like bar graphs, charts, etc
  • Presentation capacity in Excel with data visualization charts
  • Preparing accounting statements like cash flow, balance sheets, income, and working capital statements.
  • Ratio analysis interpretation and preparation.
  • Frameworks for comparative multiple-companies performance analysis.
  • Forward financial models, ratios, and integrated statements
  • SWOT analysis
  • Techniques of Discounted-Cash-Flow valuation
  • Best practices in valuation applied to real-time  multiple databases of company data
  • SQL and PowerPoint

Types of Analysts:

The financial analysis field offers many career routes and titles. The main areas are in: 

  • Investment banks
  • Investment firms on buy-side.
  • Real estate sector
  • Firms on the Sell-side
  • Insurance companies
  • Companies that are data-driven
  • Brokerage firms

Average Salary:
Financial Analysts draw an average pay-band of 65k to 110k$ in the US according to Indeed.
In conclusion, if you have a flair for financial analysis then the financial analyst courses can get you the coveted financial analyst certification. 

The Imarticus course teaches you the best tools and such courses are particularly advantageous to your career because of the global robust curriculum, hands-on practice on popular tools, an industry-relevant project involving real-time live data, and excellent mentorship provided which makes you industry-ready from day one.

Also Read: How Do You Prepare For Financial Intern Interview

What is a good Excel book for corporate financial analysis (controller, financial planning & analysis)?

Posted on by Imarticus Learning

Financial modeling can be best learned through practice.  If you are just starting to learn financial modeling, reading up on the different financial models will help you clear the fundamentals. Microsoft Excel is one of the most-used programs which are used for financial modeling.

The following books are helpful to clear the basics of financial modeling and planning, and also discusses how to analyze data sets. They also show how Excel can be used for the same models.

Mastering Financial Modelling in Microsoft Excel: This book by Alastair Day will help you master the concept of financial modeling and how they can be generated through Excel. Complex issues are discussed with ease, with solutions to practical problems. Some of the major topics covered by the book are spreadsheet designs, processes, and methodologies.

Various techniques which can be used to check and improve existing models are also given in the book. Tests for every scenario are also given along with different Excel formulas and functions.

Financial Modeling in Practice: A Concise Guide for Intermediate and Advanced Levels: It is an engaging, easily readable book authored by Michael Rees. This is a great book for students as different Excel functions and tools for financial modeling are easily explained with scenarios, explanations, and illustrations.

It also teaches the basics of how to design a model, detail out its structure, and make them accurate, relevant and easily understandable. The book also explores different add-ins such as @RISK and Precision Tree, which are very useful for risk assessment. Different examples of how these models have been used in practical solutions are explained in great detail in the book.

Best Practices for Equity Research Analysis: The book by James Valentine is aimed at equity research, and is useful for anyone who wants a career in this field. The book explains concepts from the business’ point of view. The book explains ideas on valuation, behavioral finance, and due diligence.

The author’s own experiences are clearly stated in the book as well. It focuses on the importance of clear communication through the different models which are generated. Tips and tricks which can be used in Excel are explained in detail in the book.

Financial Analysis and Modeling using Excel and VBA: The book discusses the world of Visual Basic for Applications (VBA), as used in different Excel models. It is written by Chandan Sengupta and is relevant for both students and financial modelers who want to include VBA in their analysis.

It goes into the detailed features in Excel which are necessary for financial analysis course and modeling. Examples of these models are statistical analysis, Ribbon, data analysis, and PivotTables. This book also teaches financial analysis and modeling through different features of VBA and Excel.

You can learn by the different examples that are given as assignments in the book. Iterative solutions to different problem scenarios are also explained in great detail in the book.

14 Common Misconceptions about Investment Banking

Posted on by Imarticus Learning

Investment banking is the section of a financial institution that serves Institutions, governments, and corporations by providing capital raising and M&A services. Investment banks perform as mediators between investors and companies.

Here are top 14 common misconceptions about investment banking that you must know:

1. You should be economics or maths graduate
Everyone has a myth about investment banking that it requires a degree in economics or maths. But the fact that there is no consideration goes on subject or discipline. Rather than It’s more about seeing what they’re competent of, which is what the interview procedure is for. And they want smart people working here.
2. it’s very thing about trading
There’s a misunderstanding that investment banking is all about selling. In reality, the position of many people employing in investment banking bears little likeness to trading.
3. Less chance to enjoy outside life
You can be an investment banker and still have an incredible social experience. It will depend on you, that how you will manage your career with your other outside activities. Honestly, working in a venture bank can make it harder to do the things you appreciate outside of work than in 9 am to 5-pm employment; on the off chance that you need to go to the gym after work or get together with family and friends you may need to plan your outstanding task smartly effectively.
4. Just Oxbridge graduates can apply
Don’t think that only Oxbridge graduates can use for investment banking careers.  It is not restricted to just looking at people from Oxbridge schools, and there is no chance of leaving an outstanding candidate just because they didn’t study in a top university.
On the off chance that your scholastic and expert experience meet criteria, they will have each shot of getting through to the interview phase.
5. There is such a significant amount of finance language usage
Indeed, there is a lot of finance terms and language. You should know a portion of the conditions even before you begin your temporary job. For instance, amid a meeting, the questioner won’t clarify the back terms in his question, which is a piece of the tests on you.
6. Investment banking job hours are long
It’s the common myth that investment banking job hours are long. But Present banking hours may be better on the off chance that we compare with 20 years back.
7. The pressure level is high in the workplace
You work under huge worry in investment banking office.  But the stress comes from assignment deadlines and a blunder-free work approach. It’s a misunderstanding that you couldn’t work happily in a bank.
8. It’s difficult to make friends
It is an own choice whether to earn friendship with co-workers, just like in any other company.  Investment banking is a very aggressive environment; however, it draws people with a comparable goal, calibre, and sometimes even qualities.
9. People stick to investment banking just for CV boosting
We have seen individuals leaving a job in a few days.  Likewise, we also have been observed individuals doing this job for a long time. But it depends on their self-decision. As this job is very beneficial in all the ways, of course, there is no matter of CV boosting purpose.
10. The requirement of visa sponsorship
All the big investment banks will aid you with your work visa. Banks concern about talents – that’s the significant assets they have. Visa is not substantial that will damage your chance in common.
11. You can’t approach a senior person
Contacting an older person is a necessity in any workplace. It’s possible in also an investment banking career. Senior person will always be available for your support in investment banking.
12. It’s not a long-term career
If someone desires to chase other career options investment banking will respect that and endeavour to assist them to find a new job if they can. But also they can continue in investment banking itself. Its entirely depend on their personal choice.
13. You compete with your colleagues
The bond between team members here is very well-built; you’re all facing similar pressures as a team, so everyone here wants to thrive together and accomplish the best possible results for everybody. It’s not called competition.
14. Men entirely control investment banking
The facts demonstrate that the business has verifiably been very male-commanded. In any case, things have changed significantly in recent years, and there’s a tremendous push over the market to centre around selecting, holding and growing more women to guarantee proceeded and expanded advancement and an assorted variety of thought.

Also Read: What is Investment Banking

Rising Oil Prices in 2019

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In the first quarter of 2018, crude oil prices around the globe saw a four-fold increase in the past 4 years. And while experts were still analyzing as to why this happened, the prices suddenly dropped by more than 30 USD in the coming months. With these data in mind, experts and industrialists around the globe are predicting that 2019 will be a tumultuous year for crude oil prices around the globe.
What industry experts are saying?
The major reason, experts around the world are citing for this sudden rise and again downfall of crude oil prices is oversupply and demand worries. But other than this, there are several more power dynamics that are at play here. OPEC’s Viennese waltz in early December is a perfect example for this shifting dynamics where Rusia signed a deal to reduce their produce in the year 2019 and bear the reins with the former global leader, Saudi Arabia. But although this move by Russia and Saudi Arabia was widely accepted and acclaimed on a global stage, President Donald Trump’s tweets, demanding lower oil prices and US manufacturers pumping unprecedented volumes of crude oil into the market is a major threat to all the hard work, Russia and Saudi Arabia have done over the years.
In an interview with the International Energy Agency, the station chief Neil Atkinson said that there are “major uncertainties” and “even more hazardous than usual” predictions for 2019’s crude oil prices.
Another reason that major leaders in the crude oil industry are worried about is geopolitical uncertainties which can seriously set prices off track and even create a shortage in the market.
Global Leaders’ Excerpts
LiveMint which is a business news website reached out to industrialists and people of knowledge across the industry and asked for a comment on the rising oil prices and their opinions on what might be the state of oil prices in 2019. The common answer that all of them had to this issue is that there might be a demand and supply struggle in the coming months of 2019.
Some of the major industry leaders LiveMint interviewed were Ryan Lance, CEO of ConocoPhillips, Greg Sharenow, portfolio manager, Pimco, David Lebovitz, VP and global market strategist, JPMorgan, Neil Atkinson, IEA’s head of oil markets and all of their comments were along the same line.
A significant takeaway from the interviews was the fact that the market is predicted to operate smoothly and volatility like that of 2018 is not expected. Since the price per barrel of oil is at a stable rate as of now, leaders are saying that this is a sign from both the consumers as well as producers perspective.
Conclusion
While the tension keeps on rising around industrialists and manufacturers from around the globe, whose businesses are centred or partly depend on global oil prices, predictions about the market seem to be correct for now. With time, we will realize how this will affect us on a larger scale and thus the best we can right now is wait and watch.

SBI Share Sale of 1.4 Billion USD

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Being an Indian, we have all heard of SBI at least once in our lifetime and in the best predictability, we have at least one bank account with the nation’s largest lender. SBI which is an acronym for the State Bank of India is an entity completely run and managed by the Government and is a conglomeration of various different financial institutions.
Onwards from 2016, SBI has been on a run to acquire and merge various of its subsidiaries like State Bank of Mysore, Hyderabad etc. and even merged with financial institutions outside of its brand name. But this year in 2019, SBI announced a sale of its stocks for around 1.4 billion USD for its holdings in various financial institutions.
In this strategic move by the country’s largest lender, SBI has chosen underwriters whose sale can raise as much as 1.4 billion USD. As of now, the official announcement for this deal has only been made public on the official PR release by the bank. In its statement, SBI announced that it has chosen Bank of America Corp., CLSA Ltd. and HSBC Holdings Plc as the main organizers of the sale. Other financial institutions that were chosen include Kotak Mahindra Bank Ltd. and SBI Capital Markets Ltd. which have been chosen to work on this massive deal.
Market experts from around India are predicting that this move is an attempt to bolster SBI’s capital buffers as it plans to churn out loans at a faster pace in the upcoming years. If we take a close at the credit market, it is easy to understand that it has been growing at the fastest pace since the past 5 years, after a slight recession to shadow money lenders.
Once the sale goes through, it is set to add 11.5 Billion USD into the Indian economy as per the data gathered by Bloomberg India. As of now, the finer details of the sale have not been made public and the fundraising target could change in the upcoming days.

The Flaws of Finance – What You Should Know About

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Financial services have become one of the most sought after career options for today’s business graduates. Over 31% of all graduates from Harvard Business school entered the field last year alone. The main reason for this influx of recent business graduates into the field is because of the high pay that it offers. One can expect to earn at least twice as much as people working other jobs when working in the financial services industry.
The functions served by the world’s financial sector today is four-fold. Number one is the smooth functioning of all payments systems, which are integral to any economy working properly. Number two is to ensure the smooth transfer of money from people who save it to those who need money either through loans or as part of pooled savings such as mutual funds. The third is stabilising the price of financial assets by investing in markets. And finally, the fourth is to use insurance policies and the like to help people manage financial and physical risk.
While the functions mentioned above are important, other services like power, water, security and disaster services are also at the very least, equally as important. In spite of this, people working in other sectors are paid less and receive fewer benefits than those working in the financial services sector.
The financial sector has had a history of treating its customers badly. We just need to consider the number of scams that have risen up in the industry in the last few decades to understand this. More often than not, we see financial establishments sell products with highly convoluted wording to gullible customers who usually don’t realise what they are getting themselves into. The main reason that instances like this keep happening is due to the fact that there is a huge disparity between those who work in the industry and the customer when it comes to information. As such, those that work within the industry, design any product that they sell to customers in such a way that it maximises profit for the financial institution.
Often, it is not easy to distinguish between a banker profiting due to good investments made at the right time using pure skill, and ones who just get lucky. As such this brings into question the capabilities of ex-financial sector professionals who now hold power within the country’s economy and are in charge of various facets of it. Financial institutions have been known to spend billions of dollars on lobbying various governments and the fact these people have the amount of power that they do almost purely due to them having a huge financial advantage which may have been gained either due to luck or taxpayer subsidies doesn’t really seem like the smartest idea.
As we have seen, the financial sector is rife with some pretty serious flaws. Serious regulation is required to make sure this industry works in a more transparent and customer-friendly manner. Governments and elected representatives must be able to look beyond the financial support they enjoy from such institutions and regulate them in a manner beneficial to all those involved and not just themselves.

How Does Private Banking Differ From Retail Banking?

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Banking is no longer restricted to the traditional aspects, which was recognized within the earlier days. Today, a bank is no longer just a place to put your savings or to go take loans, it has become more of an all-encompassing body. With the advent of investment banking, globalization and the easy cash flow in the economy, the banks received a face-lift and started getting involved in the business spheres.

Today, there are many nationalized as well as private banks, offering a host of services to companies, the government, as well as private individuals. Banking as a sector, branches out into Investment Banking, Private Banking, New Age Banking and many more.

 

Private Banking, in simple word, refers to banking with private individuals. This field offers personalized financial services, to individuals who are also known as High Net Worth Individuals. These are affluent people with a lot of financial assets and thus are looking for conventional and non-conventional ways of investing them. The main purpose of these banks is to provide these individuals, with options that suit their needs of investing their financial assets.

These banks do not just provide investment advice, but go a step ahead and offer all of their services, exclusively to these individuals. These services include managing their portfolios, protecting and growing their assets, future financial planning; basically, they manage the entire financial situation of the individuals. One of the key benefits of private banks is the privacy and the anonymity offered, in terms of the dealings, these also provide tailored financial solutions, which adds to the lure.

Whereas on the other hand, retail banking basically deals with all the day to day activities of a bank. These banks provide all the services that any individual would be in need of like, account services, personal loans, mortgages, certifications of deposits and so on. In retail banking, the focus is more on the individual, than their financial assets. These banks are usually the local branches of larger commercial banks, which the customers use as a one-stop-shop for all of their banking needs.

As time progresses, these banks have begun to expand the purview of the services they offer, now customers are also provided with financial advice, from a board of financial advisors. Apart from this, retail banking has also widened its horizons through the concept of internet finance.

 

With the internet revolution in full swing, a lot of these banks have begun to offer services, exclusively through mobile phones applications and online. These services are very similar to those offered by any traditional bank, but cost comparatively less. While private banks offer specialized services, retail banks have a huge array of services to offer from wealth management, brokerage accounts to financial planning as well as private banking solutions.

While retail banking is a wider sphere, private banking forms a part under these services. Anyone looking to enter these fields is required to have a strong background in finance, economics, and commerce. While there are a lot of institutes, that offer specialization courses in the field of finance. Imarticus Learning is a leading education institute, offering courses in new-age banking, retail banking, wealth management and more.