Unlocking the value of the invisible economy through new-age PGDM in banking and finance

Due to increasing globalization and digitization, the banking and finance landscape has significantly changed. Traditional banks have come a long way and have started offering fintech services. Gone are the days when banks were only supposed to lend and deposit money. At present, banks are involved in many other activities like microfinancing, risk management, and many others.

It is why young aspirants are searching for the best online MBA courses that could teach them new-age banking and finance. Read on to know how our PGDM in banking and finance can help you unlock the value of the invisible economy. 

PGDM in banking & finance 

We, at Imarticus Learning, offer a PGNAB program which is a dual program for finance/banking enthusiasts. You will get an 11-month PGP program powered by Imarticus Learning. You can also go for the NMIMS distance MBA which, is a two-year online program.

Both of these programs can run parallel in the PGNAB program. The dual program is designed with an industry-oriented curriculum that makes you job-ready. You can earn dual certifications from recognized sources at the end of the PGNAB program. Let us see how this program covers concepts related to new-age banking and finance.

Take a deep dive into fintech

Gone are the ways when people depended on physical banks for doing a simple bank transfer. At present, financial transactions can be done within seconds with fintech services. Banking and finance aspirants should know about fintech as it is going to be the future. Fintech has already disrupted traditional ways of making payments. Traditional banks have also started adopting fintech practices to retain their market share.

During the first 11 months, the PGP program and the NMIMS distance MBA program will run simultaneously. During the first 11 months, you will learn more about fintech in the PGP program. Around 1.8 months will be dedicated to fintech to make you future-ready. Both conceptual and practical lessons will be included in the PGP program to help students learn faster.

Learn risk management & compliance

The best way of unlocking the value of the invisible economy is by eliminating risks. There are several risks associated with banks like credit risk, money laundering risk, cybersecurity risk, etc. The PGP program will help you know more about risks in the banking and finance industry.

You can learn to forecast risks and eliminate them proactively. The PGP course will also help you in learning about the compliance requirements in the banking and finance industry. We focus on providing banking and finance courses that could help enthusiasts in learning industry practices.

Learn different types of banking

The MBA course is one of the best online MBA courses in India as it covers each aspect of banking. It covers different types of banking, so you possess a wide range of skills. Some of the banking types covered by the MBA online course are international banking, retail banking, commercial banking, and corporate finance. You can get into the banking/finance industry easily when you have such diverse skills.

Get job assurance with the PGP program

With our expert faculty, we focus on teaching job-relevant skills that could get you placed in the banking/finance industry. We will offer placement assistance towards the end of the PGP program. With industry-related projects and practical teaching, you will have what it takes to work in the banking/finance sector.

The dual program is perfect for working professionals in the banking or finance industry. The dual program guarantees a 25% hike in salary after completing the program as you will possess in-demand skills. Choose the best banking and finance courses with Imarticus now!

A step-by-step guide to choose the right MBA program

Your decision to go back to school is essential, so you want to ensure that it’s the right fit for your life and career goals when choosing a program. Many programs have different focuses, admissions requirements, cost structures, etc., so it can be hard to know where to start. 

This post will help the student narrow down MBA options by focusing on the most criteria in making this decision. This post will give you details of what people should consider before applying for an MBA program, including carer goals, type of work desired, and other factors like whether or not they need student loans.

Step 1: How long have you been out of work?

Most schools require students to have some time away from work before applying for an MBA program. If your resume only shows job experience, it can be hard to stand out among applicants with years of post-graduate professional experience. If your only goal is to maximize salary after graduation, this can be an essential factor to consider when looking at MBA programs.

Step 2: What are your career goals?

An MBA is an excellent tool for helping you reach your career goals, but every school has different strengths. If you’re unsure what you want to do, do your research to see what types of companies the alumni of each program you are considering working. After graduation, you can also network with these alumni by joining professional organizations or attending events hosted by your school’s career center.

Step 3: Type of MBA program

MBA courses offer a variety of specializations. If you know what kind of company or industry you want to work in after graduation, then look for business schools with vital programs in those areas. If you’re not sure, research the top companies that graduates from each program worked at and see what types of companies they are. It will help you get an idea of what skills these programs are teaching to their students.

Step 4: Location of School

When considering what city to live in, think about the type of lifestyle that you want after graduation. If you wish for a lively social scene or a scenic outdoor environment, you should consider your school location and how far these activities are.

Step 5: Evaluate the financial aid option.

Most students finance their education by taking out a loan. However, there are alternative financing options available to MBA students. If you have received a scholarship or stipend from the university, you will probably receive assistance with your living expenses. Also, some schools allow students to apply for funding after the first year of the program.

Explore and Learn with Imarticus Learning

These online courses for MBA students include hands-on training with cutting-edge FinTech technologies, including APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data. Students’ search for “MBA course near me” ends here.

Some course USP:

  • This online MBA course is for students with placement assurance to aid the students in learning job-relevant skills. 
  • Impress employers & showcase skills with the certification of MBA endorsed by India’s most prestigious academic collaborations. 
  • World-Class Academic Professors to learn from through live online sessions and discussions.

Marketing Management: How is it Applicable in New Age Banking and Finance?

New-age banking and finance is a new way of doing business that has emerged with the advent of the internet. New-age banking and finance are about providing loans or deposits and partnering with merchants to bring them through marketing activities.

Marketing Management course can be used in finance because it provides an integrated approach towards all aspects of marketing, such as generating leads by identifying target markets and segmenting them based on customer needs; developing strategies to promote products or services; creating awareness about product/service; executing promotional campaigns for visibility.

How is marketing management applicable in New Age Banking and Finance?

The new-age banking system considers all factors contributing to the development of the banking sector-whether political, economic, or social. In this context, marketing management is one key factor that can help banks design and implement their strategies to capture more market share from other players. The marketing strategy also includes customer relationship management (CRM), which allows you to understand your customers’ needs and serve them better with relevant offers.

Financial services marketing strategies for banks and financial institutions:

Customer Outreach

Customer outreach is one of the traditional marketing strategies for banks & financial institutions to adopt & it’s most effective. Customer outreach is simply the concept of reaching out to customers to fill existing needs surrounding education, awareness, and help. Customer Outreach works to build awareness, customer loyalty, and interest in products and services.

Self-Service and Digitization

Millennials & Generation Z often do everything themselves. Setting up & promoting digitized financial products & customer service/experience portals enable customers to sign up for services online, change products and services online, and view information without entering a branch. This is an effective & growing trend for financial organizations.

Social Media

Smart & consistent social media platforms are a valuable financial marketing strategy that cannot be ignored. Millennials & Generation Z use social media platforms to connect with brands, learn from peers, and follow current events and news. A steady presence on websites offers value to followers, builds brand trust, creates marketing opportunities, & grows the customer base.

Automation and Big Data

Most financial organizations carry bulk data, and before they know what to do with it, it rapidly changes. Customer experience platforms & automation tools make data utilization easier & apply it to the marketing strategy for financial services.

Digital Storytelling

Storytelling is one of the most effective marketing mediums, whether on social media, video, ads, or cross-channel platforms. All you need to do is encompass your marketing strategy telling a story that captures interest & evokes interest, excites, and moves your target group.

Grow with a Degree at Imarticus Learning:

Imarticus Learning offers masters-level banking and finance management program with assured placement to match up with the competition.

New age careers in banking and finance coursesThe program is for fresher graduates as well as professionals who want to explore new opportunities through learning.

The Post Graduate in New Age Banking is a comprehensive, 24-month unique combination of two industry-endorsed New Age Banking & Finance Management programs designed to upgrade existing careers in the Finance industry.

The programs have unique curriculums and parallel learning paths that make it ideal for professionals looking to upgrade their BFSI careers. The exceptional approach to professional education redefines industry knowledge & effectively compounds occupational abilities.

The course includes an overview of management with credits on management theories in Strategic Management, Financial Accounting, Business Law, Marketing, Communications, Information Systems, HR & more.

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.