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What Skills Do You Need For Wealth Management?

Posted on by Imarticus Learning

Wealth management is among the most rewarding career opportunities out there for people aspiring to make a career in the banking and finance segment. The global wealth market is valued over $55,000 billion and continues to grow with the rapidly increasing globalization and the use of progressive technology in the financial landscape.

The role of a wealth manager is very dynamic and requires a diverse skill set to succeed in the domain. Before jumping over to skills for wealth management, let’s understand what it entails.

What does wealth management entail?

Wealth management can be understood as an investment consultative services that incorporate a range of financial services to cater to the needs of affluent clients who generally have a very high net worth. It entails advising the client on various investment avenues and financial instruments after assessing their investment needs, objectives and risk appetite, etc.  A wealth manager is more like a financial advisor for wealthy individuals who are looking to manage their finances under expert guidance.

Let’s jump into the skills required to be a successful wealth manager!

Skills for Wealth Management

Wealth Management courses

Now that you know what wealth management entails, you can easily figure out that it requires a diverse skill set to succeed as wealth managers are responsible for holistic wealth management instead of specializing in a specific field.

There are three major skills that you need to hone if you want to be successful as a wealth manager.

 

 

Analytical Skills

You need to have strong analytical skills if you are entering the wealth management domain. You will have to provide personalized recommendations based on the individual circumstances of the client who might have varied objectives.

Wealth Management coursesIn addition to this, you need to assess the performance and risk of various financial assets before making a recommendation. You also need to assess the changing market circumstances before providing any advice to your clients.

Knowledge of financial instruments and markets

The more information you have about various financial products available in the market the better you will be able to guide and manage the wealth of your clients. A deep understanding of the financial instruments and markets is required to provide the best consultancy to the clients.

A clear understanding of the risk associated with any investment is needed to give transparent advice to your client and it will help to build your reputation and maintain long term relationships. You can even opt for wealth management courses to get a comprehensive understanding of the market and financial instruments.

Communication skills and customer service

This one goes without saying, it’s all about assessing the individual needs of your clients, and to do that you will need to have good interpersonal and communication skills. Everything breaks down to you explaining the investment to your clients and if you are not good with the communication part you might not be able to convince your clients.

Wealth Management courses

The customer is at the center of it all and you need to provide the best customer service if you want to maintain a long-term relationship with the clients.

How Do You Become A Wealth Manager?

Posted on by Imarticus Learning

Introduction

Some people are just obsessed with Finance. They are always busy with their calculations and always talk about money. People who are interested in money and how it runs the world are potential wealth managers.

What is wealth management?

Wealth Management includes the management of various financial products and commodities of a client like assets of people, families, organizations, etc. You can seek a career in wealth management if you are good at assessing assets and handling finance in different forms.

Wealth Management can also be called an advisory service. This service caters to the needs of clients who need help with their finances. Wealth managers charge a fee on theses services and make money out of it. Usually, the wealth management services are availed by high-end clients who want their finances in place.

How to become a wealth manager?

Wealth Managers are paid well. Also, due to the growing demand for wealth managers, a lot of people are looking forward to hiring personal wealth managers. Personal wealth managers are paid more than public wealth managers.

You can opt-in for a wealth management course if you seek a career in wealth management. For becoming a wealth manager, you need to be a graduate. You can go for a certification in Financial Planning or Wealth management.

Also, you must have studied a subject related to business or business administration. You must have a basic understanding of accounting to get into wealth management. Each company has its requirements. The above-mentioned requirements are just some pre-requisites for becoming a wealth manager.

A lot of wealth management companies prefer to hire people from high ranked universities so that they can cash out on advice. A lot of companies also give on-the-job training to the hired employees so that they stand out in their career.

To become a good wealth manager, you should have an in-depth knowledge of the stock markets as a lot of people have a portion of their wealth coming from stock investments. Also, you must know how the market works. You must also understand risk management for assessing your client’s risk profile.

A good wealth manager must be well-versed with different tax laws. Also, he should be good with numbers as his job requires the crunching of numbers.

A good wealth manager should also have good social skills as he has to interact with a lot of people. Also, he must make his clients feel comfortable as they are going to talk about finances. Also, you will be responsible for bringing in business to your firm. Therefore, networking becomes important.

You must also have basic technical proficiency so that you can handle workings on computers. Being tech-savvy is important to keep a check on the stock market and the trends which it is following. You can keep upgrading your IT skills to stay strong in the market.

Conclusion

The best wealth managers are made with hard work and dedication. You must be well informed to serve your clients better.

Is Wealth Management a Good Career?

Posted on by Imarticus Learning

Wealth management is among the most promising career opportunities if you’re in the finance and investment domain. It requires dealing with affluent clients who generally have a higher net worth and are looking for a comprehensive approach to managing their overall wealth.

A career in wealth management is considered as a game-changer and has a lot of perks. Let’s delve deeper into what it is and whether it’s a right career choice.

Understanding Wealth Management

Wealth management services have a very broad spectrum that includes investment management and financial planning services for high-net-worth individuals. A customized solution is provided to these affluent clients after thorough researching on multiple financial instruments and investment avenues.

A wealth manager also advises their clients on related aspects like accounting and tax-related services, estate planning, retirement planning, etc. The purview of wealth management services can differ depending upon the nation you are in.

Wealth management has a wider scope when compared to normal financial consultation that focuses only on investment solutions. Wealthy individuals prefer a holistic and integrated approach to manage their finances. Instead of seeking advice from various professionals on different services they look for one advisor that can guide them on multiple financial terrains.

At times, wealth managers also collaborate with the client’s legal advisor and some other financial experts to prepare an optimized wealth management strategy that provides maximum benefits to the client.

A career in Wealth Management

Building a career in wealth management requires you to have a diverse skill set since you are expected to have a comprehensive understanding of the financial instruments and markets. A career in wealth management requires individuals who are ready to multi-task and hone their skillsets.

It is not just about learning about the financial instruments and markets, it also requires you to build your network and convert new clients to increase the business. You will need to spend a good amount of time learning the art of sales and backing it with analytical reasoning.

You should be aware that the wealth management industry has a higher turnover rate, meaning that people enter the industry and quit very soon usually in the initial three years or less. If you can sustain longer than three years, you would receive abnormally higher rewards. One of the most important things that you can work on is increasing your knowledge and your network. If you don’t learn to expand your network, no amount of knowledge about the financial markets will help you win wealthy clients.

If you have a good professional and personal network, you might get your clients easily but with the lack of relevant information, you might not be able to have a long term relationship with your clients. You need to constantly update yourself with the latest market information and changes in regulatory policies.

You can enrol for wealth management courses while starting to have a kick-start in your career. In the end, it’s all about how much money you can make for your client so that he finds it feasible to hire you in the long run. If they are not able to reap the benefits of a professional wealth manager they would not prefer having one.

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.

Is Risk Management a Good Career?

Posted on by Imarticus Learning

 

Risk management is the process of evaluating financial risks associated with a particular project or business decision taken by a particular company and then taking necessary actions to minimize such risks.

Risk management also factors in the elements of forecasting thus predicting any unfortunate incidents which may affect the company in a negative way and taking necessary measures to minimize the impact of such risks on the company’s image and profitability. It is a challenging activity as predicting future and its repercussions is not a cakewalk but at the same time, it’s exciting as it gives your brain a hard time in taking out solutions from hazy questions.

Who is it for?

Risks can be managed well by people who have a knack towards finding loopholes and problems and coming out with various alternate solutions for those problems. It is a perfect career for someone who has a creative bent of mind and who can answer all the questions a business has in financial terms.

Risk managers analyze the current situation of a company and the dynamic environment that envelops it. Then various upcoming policies and social factors are taken into consideration to check if they are helping the project in hand in any way or making it more difficult for the project to elbow its way out.

Is it a good career option?

What makes a role a good career option? The most important aspect of any career prospect is its sustainability- whether the market would need this job function in the future or not. Running a business or a company is a progressive process and people have to make long term business decisions to make things work.

Analyzing the risks which come from futuristic plans can only be done by a risk manager who has expertise in coming up with the alternatives for any unseen event. Risk managers aren’t going anywhere. The constant need for managing risks makes it an “on-demand” role.

Risk management course is different for companies belonging to different sectors as the exposure to risk in every sector is different. The automotive industry may be exposed to a higher risk at all times whereas the woolen garment industry is seasonal and thus has less risk involved than the former.  So, there is no standard process of measuring risk and this poses a challenge as a risk manager along with his job will also have to keep a tap on the dynamic environment and the changing scenarios.

Most of the skills learned by the risk managers are “on the job” which might bring in a lot of internal competition but also will be a good area of skill development. To be an efficient and effective risk manager you need to know the whole business inside out- Its customers, its employees, laws that affect the company and so on.

Someone with a strong aptitude and an acumen for problem-solving would be a great fit for being a risk manager. They play the most important role in maintaining the fiscal health of a particular company. They have to use their knowledge on various financial instruments in making the best out of a risky situation hence controlling the intensity of negative impacts. If you comply with the prerequisites of being a risk manager, it is most likely that you will be satisfied with your work.

Conclusion

Every career option has its own set of challenges but you will have to overcome them to emerge victoriously. A career in risk management will keep you on toes by throwing all sorts of challenges but will also make your work dynamic and exciting.

What Is The Best Way To Learn About Wealth Management?

Posted on by Imarticus Learning

When you have wealth it means you are busy earning it and need someone trustworthy to manage it for you. That’s the wealth manager for you. Wealth management is advisory investment services for affluent HNI persons that offer a range of financial services and products.

Normally the consultative process involves the FA making an investment strategy that is customized and personalized for a particular person and based on his needs and the financial products available.

What the Wealth Manager does:

The WM is your one-stop for investment advice, portfolio management and even services like tax,  estate planning, legal issues, accounting, retirement planning, insurance, and such services. He has probably had some wealth training from a Wealth Management course.

  • Wealth management is advisory investment services for affluent HNI persons.
  • The WM is a highly expert multi-faceted professional who undertakes wealth management for affluent clients at a negotiated fee.
  • Customers benefit as the WM is a single-point of contact for holistically coordinating a wide variety of need-based financial services for wealth management and also undertakes planning for the future.
  • This area is for those individuals who have a corpus and are busy earning while needing someone trustworthy to manage their diverse needs for financial solutions.

Learning about wealth management:

So you want to learn wealth management then the easiest route is to do a wealth management course. Learning money management is a skill that one learns early and it is a vital life soft-skill. Especially so when you are trained in WM and are an expert resource teaching other wealthy people how to manage their wealth effectively in paying investments and also plan for the unknowns of a planned future.

The present market is flooded with resources in WM like podcasts, blogs, books, apps, etc. However, knowing the basics of financial markets, the management of debts, loans, budgets, insurance, mortgages, investing, etc. will aid your career and facilitate it in your future tasks. Let us explore free and good resources for learning prior to undertaking the course in financial education.

The best resources to use are

Tool- Imartcius Learning:

This training provider with a wealth management course has a wonderful repertoire of blogs on every subject under the sun. It also provides you with the resources vital for further action to be taken to further your career, gain certifications, etc using paid courses.

Tool- Mint.com

Mint is a free resource and easily accessible. The online tool is a good personal finance tool that helps with budgeting and reminds you with alerts when you reach your set budget limits. It helps inculcate financial discipline and provides you with a broad perspective of your financial health at a single tap.

Tool- Learnvest

LearnVest is a Forbes-backed financial tool that is like a personalized financial 101 and a helpful free resource rolled into one. You can use it as a course on WM, for learning the basics of saving, as a wealth management course, earning, budgeting, mortgages, taxes, investing and more. You can also use it for deep-learning financial subjects.

Blog- The Simple Dollar

This is a free resource of blogs and is the go-to resource-101 course in insurance, banking, investing, loans, credit and many more. It makes a wonderful resource tool for learning from the start and understanding the basics of strategic well-informed investment decision making.

App-Robinhood App

This app is about brokerage services on mobile phones offering free trading and investor platforms for WM. Targeting the young it profits on the interest of the unused cash balances of investors and makes investments in stocks an easy routine.

Podcast -Stacking Benjamins 

The popular podcast speaks about paying off debt, the strategies in time management, money management, investing in real estate, and a savings guide focused on creating multiple incomes and furthering learning on WM.

Articles- So Money Podcast

Author Farnoosh Torabi the expert journalist and finance expert speaks to thought leaders and entrepreneurs about their businesses, personal experiences, personal finances, money management and more.

Shows- The Tim Ferriss Show 

This podcast has been popular for years now. Ferriss interviews intellects, entrepreneurs, and celebrities discussing their methods, routines, philosophy, and tactics that have made them successful. He brings in light moments covering favorite books, exercise regimens, morning routines, strategy for time-management and much more for personal and financial success.

Conclusion:

Given the number of free resources available learning WM is not difficult. However, doing a wealth management course at Imarticus Learning gives you the opportunity to use case-studies, assignments, tests and project work as a crucial step to further your career. They also offer assured placements as a Wealth Manager and get you job-ready very quickly indeed.

For more detailed information regarding this in brief 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.

All the best in your WM career!

How To Change Career From Retail Banking After Working For a Few Years?

Posted on by Imarticus Learning

Your decision to take up a career in new-age banking is after being in retail banking is not only logical and laudable but is a great career move.

You will need to do new-age banking courses to catch up with the latest trends in new-age banking which offers some great features like:

  • Job security and working in MNC environments.
  • Super salary packages topped with great benefits
  • Jobs for retired bankers and career-changers within the banking areas are never a problem.
  • Wide variety of jobs experiences and roles.
  • Banking industry jobs are prestigious and have a thriving ecosystem.
  • To update knowledge of the latest banking trends and practices New Age Banking Training can help. They also help with certifications and interview skills.
  • Excellent career progression and scope for banking jobs make this career choice great.
  • Community service goals and continued learning opportunities are satisfying and enriching.
  • The working hours are good and the environment is conducive to career progression.
  • Certifications gained to add to your resume and knowledge endorsing your skill levels.

EFFECTIVE STRATEGIES TO RIDE THE EDTECH WAVEThe variety of sectors on offer:
New-age banks have evolved which are needs and market-based. Traditionally the roles were related to customer-service and teller areas in banks. This means multi-tasking banking professionals are in high demand.

The trending opportunities in new-age banking are: 

  • Investment and Trust Banking help with investments, issuances, property, and fund management for both individual and institutional clients.
  • Operations roles deal with the everyday handling of banking operations from bookkeeping, record keeping, financial analysis, strategy meetings, client presentations, etc.
  • Personalized Consumer Banking division roles deal with customized services and financial advice to priority individual HNI customers.
  • Commercial Banking roles have clients like organizations, schools, businesses, churches, etc to cater to customized banking financial solutions.
  • 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.
  • 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.
  • Regulatory and Accounting and administration roles handle policies, routine due diligence, strategy and planning, internal operations, and such tasks.
  • Marketing is an important role and helps win new customers into the fold with the bank’s product information, managing the customer database, advertising, media, and press releases, and much more.

What is new-age banking?
The term ‘new-age banking’ is applied to traditional banking offering a re-packaged combination of services in Forex, online lending, and banking services.

Online Lending: 
IndusInd Bank has set the right example for new-age banking. 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 multi-currency travel cards, 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 unnecessarily. 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 career-prepared you need to undertake new-age banking training and work hard in the New-Age Banking Courses on the following attributes. An academic bachelor’s degree would be essential and experience in banking practices help.

Fluency in English communication and excellent skills in presentations using Microsoft Excel Macros and financial software is critical to presenting a report of insights that help decision-making based on predictive analysis foresight and data analytical skills. Yes, conceptual knowledge and expertise in the domain enable you to stand out.

Employment Outlook:
The pay packages, bonuses, and career progression when you make a career in new-age banking are not just lucrative and prestigious. They are performance and certification related enabling continuous learning and very satisfying job roles.

Conclusion:
Bank jobs are open to all graduates and persons making career changes within the banking sector. Doing the new-age banking training course at Imarticus Learning helps you with assured placements, certification, knowledge of the new-age banking procedures, and employable experience.
Hurry! Admissions are limited in every batch.

Want To Learn New Age Banking? What Are The Prerequisites For It?

Posted on by Imarticus Learning

With the banking industry constantly evolving to keep up with new technology, there is a surge in jobs in entirely new categories. New age banking is no longer a dream but a reality that all banks are transitioning towards and the career opportunities created are diverse and exciting.
What Is New Age Banking?
New age banking is the integration of digital technologies into banking services in order to reduce the hassle associated with traditional banking. This means no more long lines to basic bank work like deposits, transfers, and more. Today, you can easily open a new bank account, get a credit card, generate new PIN numbers, and more, all in the comfort of your home.
In India, new age banking is still in its infancy and there is a lot more scope for expansion of its capabilities. In many systems around the world, banking is now under one large umbrella where you can jump from one system to another seamlessly.
With new age banking, comes a whole new host of challenges and possibilities. People working in this sector have to have a range of qualifications and strengths in different aspects.
How To Get Into New Age Banking?
New age banking requires a complex and diverse set of skills with an in-depth knowledge of various banking concepts. While you can go about acquiring the required skills and expertise on your own, it is far more advisable to take the many New Age banking Courses available. These courses will cover a range of topics. A good course should also help you with placements at reputable financial institutions. Here is a list of concepts you will be required to master in order to get a job in new age banking.

  1. Macroeconomics: It is imperative to understand macroeconomics and the various implications of the same. You will have to understand the financial sector, economic system, and learn how to analyze economies, industries, and companies.
  2. Finance: You will have to have a theoretical and practical understanding of financial products, the different asset classes, wealth management, and market microstructure.
  3. Financial Analysis: Here, you must have an understanding of financial statements, ratios and their analysis, credit analysis, and credit management in banks and NBFCs.
  4. Fintech: This is a diverse field where you will have to be familiar with several concepts and how to work with them.
  5. You will be expected to have an understanding of using fintech for managing capital.
  6. An in-depth understanding of blockchain and cryptocurrencies is also essential.
  7. You will need to understand how machine learning and robotic process automation (RPA) can help you with financial analysis.
  8. Retail Banking: You will require an understanding of several concepts and have Retail Banking Skills such as deposit products and operations, retail lending, mobile banking, internet banking, branchless banking, and POS terminals.
  9. Corporate Banking: A close understanding of debt products, liability products, working capital, trade finance, and its products, forex sales and operations, treasury products, international products, and fintech in corporate banking.
  10. NBFC: You will need to understand Non-Banking Financial Companies, their products, classifications and funding, sourcing channels, credit underwriting, collection, and digital innovations in NBFCs.
  11. Risk Management: Here you will have to be familiar with the types of banking risks, liquidity risks, market risks, credit risks, and operational risks.
  12. Regulatory Framework: It is essential that you have a good hold on the different regulations in place which includes client onboarding, anti-money laundering, regulatory frameworks and compliance, and regtech.

Apart from having technical skills of the various concepts involved in new age banking, you will also require to have several soft skills in order to secure a job in new age banking. Some of these include:

  • Good communications skills
  • Business writing skills
  • Global business etiquette
  • Customer-centric sales understanding
  • Strategic selling
  • Negotiation skills
  • Proficiency in Excel
  • Good resume writing abilities
  • Interview skills

As you can see, New Age Banking is a complex and diverse field where you will require a strong understanding of several concepts. Financial institutes looking to hire for new age banking expect their employees to continue their knowledge of the field even after learning the basics. A strong people-centric approach is necessary for a job in new age banking.

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.

How Can You Prepare For a New Age Banking Interview?

Posted on by Imarticus Learning

How can you prepare for a new age banking interview?
Personalization and digitization have transformed all banking sectors ranging from identifying customers, successfully disseminating personalized information, on-boarding the client, doing due-diligence at all stages of acceptance, lending and requests until the final disbursements of loans or funds. Turning away from traditional banking procedures has meant that new age banking training has become a must to keep pace with technological and evolutionary changes in the banking system.
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 unnecessarily 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 work with new age banking courses on the following attributes. You will need to have a sound academic record and at least a graduation degree. You will need

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

The how-to of the interview:
New-age banking has become click dependent! Here are some tips to crack the difficult new-age banking interviews.

  1. Do a course:
    Firstly, consider doing New Age Banking Course at reputed Imarticus Learning. Besides the most comprehensive curriculum, they emphasize resume building, personality development, practical project and assignment work and much more.
  1. Research your information on the job, bank, and role:
    Don’t take the Imarticus new-age banking course with placement for granted. The questions you should focus on will be your academic and family background, any breaks in academics, weaknesses, strengths, why you deserve hiring and such. A lot of information is available on the bank websites and the internet too.
  1. Practice and be well-prepared for the interview:
    Being prepared is half the battle won! Make a list of interviewer questions and focus on what the interviewer wants from you. Here’s a cheat-list questionnaire.

General type:

  • What does banking mean to you?
  • Talk me through your CV.
  • What does the role/ present market condition mean to you?
  • What do you think this bank values can achieve?
  • Why do you want to become a banker?
  • What are your achievements/ weaknesses/ strengths?
  • How do you handle leadership/stress/ failure/ accomplishments?
  • Why do you think you should be hired?

Technical type:

  • Explain what this means to you. Financial models/ valuation methods like DCF/ Weighted capital costs/ deferred tax assets and such topics
  • How can you use bank earnings?
  • Explain how different new-age banking is?
  1. Keep situational case-studies undertaken handy:

Try to link your answers with the case-studies to emphasize your learning and show coherent logical thinking throughout the interview. Polish your presentation and communication skills while practicing.

  1. Dress suitably:

The new-age banker is neatly and respectfully dressed. Your attire also showcases your character, goals, and beliefs and helps make the client ready to trust you.
Conclusion:
The total payouts in new-age banking roles are performance and bonuses oriented and are extremely well-paying in comparison to other jobs. Doing the New Age Banking 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.
In parting, if you wish to learn all about the new-age Banking Course with Placement career- course, do your course with the reputed Imarticus Learning to emerge right atop of the rushing crowds of banking career aspirants. Hurry! Admissions are limited in every batch. For more information, you can contact us through Live Chat Support.