Best Practices For Personal Financial Management At Different Stages In Your Career!

Managing finances is something no person would ever be able to avoid. Technically, you may think that money management is for late adulthood. However, it is essential to instill good money management habits from the get-go.

An important thing about financial management is that its importance scales up as you age. This means that the ways in which you were to save up on your spending would differ drastically if you are in your early twenties or in your late sixties. Managing your personal finances becomes crucial and a Finance Career can help develop this managerial skill.

A New Age Banking Course provides all the education on self-financing. That’s why we have carefully curated these best financial practices for every stage in your career.

Money Management in your career:

Early-stage in your career:

The early stage in your career helps you lay the foundation of your life. It is seen that money management usually takes the back seat in this stage as people are driven by their wants. A good financial management practice would instigate you being driven by your needs instead of your wants.

New Age Banking CourseInstilling the habit of saving up funds for emergencies or for the future while curbing on your ‘wants’ has proven to be a tried and tested strategy for financial management. If you are deciding on buying something expensive, try to think if you would use that product even 3-5 years from that time to check if it is a necessity or a luxury.

Reaching the happy middle point:

You typically would be in your late thirties when you would reach the midpoint in your career, and chances are you would be making a lot more money than when you had just started earning. However, your liabilities would also most certainly grow. You probably would be married and would have children to look after, marking the end of your carefree days. In such times finding yourself in financial peril is not uncommon.

We believe with rigorous routines and disciplined spending, you would be able to avoid all the hardships that life would throw at you. You should maybe expand your savings to cover a good chunk of time in case anything happens with your source of income. You should also try to have no mortgages, loans, etc., by the end of your forties. Along with your income from job, you should have a side investment pool like passive incomes that can help you sustain.

Also, starting a retirement fund would be a great decision at this stage.

Late career:

Typically, you would be in your fifties and considering your future options during the late-career stage, you could choose early retirement, or you could work even after retirement. You would probably be undecided at this stage. However, one certainty should be that you should have a surplus amount saved by now.

You should also have life insurance and other things in place to help your future generations as much as possible. At this point, one should also strive for financial independence. Even when you retire, you should have enough funds to see you comfortably to the end.

Conclusion:

Life is very uncertain. There will be some really amazing days and some not so good ones. While it is important to have fun, it is equally important to have monetary discipline. Ask someone with a Finance Career for help or check out a New Age Banking Course for personal financial development.

Ever Thought of A Career in New-age Banking? You Must Check This Out!

In today’s technology-based world, digitization has become the focal point on which any industry revolves. People in the industry and consumers alike prefer the digital platform to conduct transactions due to their relative ease of access. In short, the industry as a whole is moving from the age of physical paper to the era of complete digitization, hence giving rise to digital consumerism.

Hence, it has become a compulsion that industries start to evolve in this digital field. The banking industry is no different in this regard. New-age banking is nothing but banking procedures becoming digital (referred to as digital banking). This has led to a rise in the introduction of newer digital services and wider diversification of existing services over digital platforms.

Why choose new-age banking as a career:

NMIMS PGDBM in New Age Banking and Finance ManagementIf you decide to start your career in new-age banking, you are bound to notice that banking has evolved to include multiple initiatives. The old systems of working in the industry are being revamped, and every skill that you bring to the table would be in demand.

One of the biggest advantages in this regard is working under MNCs, thus ensuring job safety, high salary packages, and off the roof benefits.

Apart from these monetary perks, you would also get to work in various roles and capacities, thereby making a wise decision from a long-term career perspective. Given the wide growth that the sector is experiencing, your progress will not be limited; you can achieve satisfying career progression, continuous learning opportunities, and community service goals all hand in hand—keeping aside the conventional fixed hours’ job that a banking job demands, you will be exposed to a great working atmosphere and work in other avenues even after retiring from the industry.

Opportunity areas new age banking offers:

New-age banking offers the best services in the areas of online lending, banking services, and Forex transactions. Today there are multiple opportunity areas in new-age banking, but the most key areas are personalized consumer banking division, IT systems and security, Commercial banking roles, Investment, and trust banking, fund management, accounting and administrative roles involving finance management, HR and PR resources, operation roles, and marketing roles in achieving new customers and advertising.

Skills required to be a digital banking professional:

NMIMS PGDBM in New Age Banking and Finance ManagementOrganizations prefer candidates who are really strong in finance management. Apart from this, other required skill sets like good communication skills, analytical thinking, problem-solving abilities, and expertise in financial management software are an added bonus.

On the academic front, you need at least a graduation degree, and an MBA is always recommended to further your career. Since some students of MBA are also working professionals, there are reputed institutions offering online MBA. You need to attend online and recorded classes and write online exams.

These distance learning classes are exclusively for working professionals. In MBA for working professionals, you get trained by renowned faculties offering industry-oriented specializations in finance, enabling workplace effectiveness. Other than an online MBA, you can also get into certification courses to understand Fintech, financial analysis, and get in-depth exposure to the new banking system.

Conclusion:

Every bank’s success always depends on the skills of its employees. Working in banking can be rewarding if you are ready to take on challenges every day. A career in digital banking is open to everyone if you are interested to learn and work.

Become a Financial Analyst with NMIMS PGP IN NEW AGE BANKING – Batch Launch!

In today’s date, knowing every aspect of finance is a necessity, not a luxury. From running a financially stable household to running a huge company of your own, everyone needs to be able to understand at least a bit of finance. And on top of it, if someone is an expert at the subject, a successful banking career is waiting for them just around the corner.

Who is a Financial Analyst?

If we say it in an easy way, financial analysts are the forecasters and advisors of the financial services industry. Financial analysts have a strong base in financial accounting, and on a regular basis, they go through tons of financial data of the companies they work for, predict financial findings of the market and the company, and help them make the proper financial decisions.

 

It includes decisions about investing their money in the right place, selling or buying stocks of the company, certain marketing decisions within the company, and more.

Why Choose a Career Being Financial Analyst?

We all know that getting a satisfying job after your graduation is not an easy task. But the financial industry is ever-growing and one of the most lucrative jobs here is being a financial analyst. With more and more companies and products launching in the market every day, they all require analysts to recommend them the right way to go financially and that’s why the job opportunities are vast in this area, and opportunities to grow in the job are there too.

It also helps to think that being a financial analyst means they are almost at the center of all the financial decision-making in the industry, or in the market. Also, as a bonus, financial analysts earn quite a satisfying amount of money whether they’re in a senior or junior position. You can get promising job opportunities at investment banks, insurance companies, sell and buy-side firms, and even banks.

About the NMIMS PGP in New Age Banking Course

NMIMS, along with Imarticus, have come up with an excellent course model which looks absolutely perfect for whosoever is opting for a banking career or wants to become a financial analyst. They are providing a dual certification just within 24 months with the course.

First, there is a course of 11 months PGP in New Age Banking and second, there is a 2-year course of Global Access PGDBM in Banking & Finance Management.

New Age Banking Course
New Age Banking Course

In the New Age Banking course, students will not only learn the technical side, such as Financial Accounting, Marketing, Business Law, Commercial Banking System, Foreign Management, or Strategic Management but also they’ll be able to put their theory learnings to practicality with real-life problem-solving maneuvers. The course also assures great placements.

Conclusion

People studying for a career in the BFSI (Banking, Financial Services, and Insurance) industry should definitely opt for a job as a financial analyst. The job might not be easy but it certainly can be satisfactory for the finance-loving people out there and nothing can prepare them better for the world out there in the market than the course provided by NMIMS PGP in New Age Banking.

Are you a B.Com Graduate? Check Out Some Career Options!

B.Com or Bachelor of Commerce degree is a popular stream choice among students after 10+2. This degree basically prepares one for any job relating to finance, numbers, and in some cases, management. These are jobs in Banking, Taxation, Management or Business.

Now, if you are worried about what to do after B.Com, then we will be discussing courses and career options.

The reality of the Job Market

Most students go for B.Com because it provides a lot of career options after graduation. A few more than other streams and some of these career options are definitely lucrative. But, the reality of the job market in today’s date is not as good as one might expect.

Career options after graduationThe truth of the matter is – one will not be able to get his/her dream job just after getting his/her graduation certificate in hand. His/her career after graduation will not soar if he/she doesn’t study a little more or take up a few extra courses after graduation. 

Career Options for B.Com Graduates

There certainly are a few jobs that one can get just after he/she graduates out of college. A few of the jobs that are available after B.Com graduation are:-

Government Jobs: One can surely sit for exams like IBPS or UPSC to get government jobs in the banking sector or finance sector after the completion of his/her graduation degree.

Business Analyst: Even though there are courses to be business analysts, some companies still look for fresh graduates as business analysts. People can amplify their skill sets along with gaining experience for their future endeavors.

Digital Marketing: Most of the time, this job requires certification in digital marketing. Still, most companies look for graduates in commerce for this job. So, anyone looking for a creative job after his/her graduation can surely take a gamble here.

New Age Banking Courses

There are plenty of courses one can opt for after his/her graduation in commerce to get that dream job; and, the courses are like M.Com, MBA, CMA, CA, and B.Ed. But, NMIMS provides the best of new-age courses which can get people a future-proof dream job. 

Career options after graduation

Some of these courses are:-

NMIMS PGP in New Age Banking: The New Age Banking course is perfect for any new age banking job. It provides two certifications within a 2-year span and teaches all the necessary subjects to get its students ready.

M.Sc. Finance: Students are made ready for successful careers in risk management and capital markets through the course. Jobs in banking, mutual funds, fintech, and more are also waiting for students studying this course.

MBA: This course provides an option of specialization in finance, which means it can help one get a high-level management job in the finance sector if he/she has this degree.

Conclusion

There are many lucrative job opportunities after the completion of graduation in B.Com. However, you have to plan your higher studies properly to opt for a better stable job. The charming options provided by NMIMS can be a great way to a course through multiple options after B.Com.

How Can You Shift To Corporate Banking After Having Experience Working In Retail Banking?

How Can You Shift To Corporate Banking After Having Experience Working In Retail Banking?

Your decision to take up a banking course after graduation will stand you in good stead after being in retail banking. Corporate banking is a great career choice. Corporate Banking which is an area many career aspirants would love to join surprisingly has very few good certification courses.

Recently FLIP introduced a specific Corporate Banking certification course which is apparently popular among B-school aspirants. This course covers non-funded and funded products while taking you through all corporate banking important work areas. It is an apt course for SME and corporate banking career aspirants and is also used for employee training by leading NBFCs and banks.

Employment Outlook:

The pay packages, bonuses, and career progression when you make a career in any field of banking like Corporate Banking are not just lucrative and prestigious. They are performance and certification related enabling continuous learning and very satisfying job roles.

According to Glassdoor salaries, the Manager in Corporate Banking at YES bank draws a salary in the range of 1,205 to 1,716K per annum in India. In the US the corporate banker aka Personal banker at Bank of America draws an average of USD 43,330 per annum. These salaries are post based and depend on the bank you join.

Most say a banking course after graduation offers some great pluses 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 latest banking trends and practices training can help. They also help with certifications and interview skills.
  • Excellent career progression and scope for banking jobs makes this career choice great.
  • Community service goals and continued learning opportunities are satisfying and enriching.
  • The working hours are good and the environment conducive to career-progression.
  • Certifications gained will add to your resume and knowledge endorsing your skill levels.

Skills required:

To become career-prepared you need to undertake a course in corporate banking. An academic bachelor’s degree would be essential and experience in banking practices definitely 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 in this prestigious job.

Why banking jobs are so popular:

In comparison to investment banking, corporate banking dealing with corporate has relatively fixed working hours, fewer deals, large-deal amounts and offers a broader job-scope. 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. Today rather than specific roles in corporate banking, an aspirant can also take up any of the trending opportunities in new-age banking like

The banking course after graduation syllabus covers topics like

  • Understanding products, solutions, corporate client requirements and the matching of these parameters.
  • RAROC adjustments of risk, wallet sizes, Matrix for product penetration, and relationship management.
  • Credit note memos, analysis, and presentations to the management.
  • Client credit-profile analysis and assessment through quantitative and qualitative techniques.
  • Corporate banking products, Treasury products, and both non-funded and funded products.

In retail banking aka consumer banking, the focus is on the individual consumers or mass-market large commercial banks offering services through their local offices. Some examples of such banks are Citibank, JPMorgan, Goldman Sachs, Wells Fargo and Bank of America.

Increasingly the trend is to go in for new-age banking with a gamut of services and products that are consumer-need and profitability-based one-stop banking solutions providers with services like retirement planning, private banking, brokerage accounts, corporate banking, wealth management, and even third-party services being included. Hence a wide-scope new age banking certification is best undertaken at a reputed institute like Imarticus Learning.

Conclusion:

The pay packages, bonuses, and career progression when you make in corporate banking are not just lucrative and prestigious. They are performance and certification related enabling continuous learning and very satisfying job roles. Hurry to Imarticus Learning today!

For more details in brief and for further career counselling, 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, Bangalore, Hyderabad, Delhi and Gurgaon.

What Course Should You Pursue Apart From A CFA To Make A Career In Wealth Management?

Many a financial career aspirant makes errors in deciding on what kind of career to choose. Also, they go after fancy degrees, certifications, and courses without a thought of what and how to earn and create wealth. A .wealth management course can be a very lucrative career where your earnings can be fee-based. Or you can join a bank too. The ‘lack of information’ about such learning is a major issue that we intend to tackle today.

The Perspectives:

Parents: 

Career options for their wards from the parent’s end are trend-based and most would like it when the kids choose an IT or banking career. Government jobs are of course the first choice. This is no surprise since all parents want their children to do courses like the 0.wealth management course and be well-settled in careers such as CAs, auditors, bankers, and such because these are prestigious jobs that allow you to make a career in the high-demand areas and earn pay-packets that are truly the neighbor’s envy.
Career aspirants:

The right decision for career aspirants in the financial industry is in one way or the other linked to finance and investment-decisions processes. You can look at the financial verticals and find plum roles such as the

1. Decision making Research Analysts, Portfolio Managers, Wealth Managers, etc.
2. The decision enablers like Operations, Statisticians, Credit Analysts, Risk-analysts, etc.

What if you are not aspiring to be a Chartered Financial Analyst-CFA? Let us explore this from the perspective of other job options relating to wealth that a WM course can help with.

The WM course:

India is having a strong growth of individuals with investable wealth or HNIs. According to the 2012 Global Wealth Report by Credit Suisse, the 158,000 millionaires could rise in 2017 to 242,000 requiring at least 10,000 Wealth Managers. Also, the CWM® certification carries its own weight in verticals like Banking, AMCs, Wealth Advisory Firms, Brokering, Financial Advisory businesses, and Insurance.

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:

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 the Wealth Management course.

So, you want to learn wealth management then the easiest route is to do a New Age Banking 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.

Imarticus Learning is a training provider with a wealth management course and 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.

Available job profiles: 

The current scenario has three market segments. Namely,

A. Banking jobs: Profiles and opportunities exist in Premier Banking, Wealth Management, Private Clients, Investments, Financial Planning, Liabilities, Bank Assurance, Client Servicing, Product Management, Operations, Fund Management, Institutional Channel Sales, Retail Sales, Marketing, Investor Relationship, Operations, Equity Analyst, Client Servicing Wealth Management, Research, Retail Sales, Institutional Sales, Sub-Broker Channel, Institutional Channel Sales, Portfolio Manager, Managing Agent & Retail Channels, Product Management, and Corporate Brokering.

B. Independent: Client Servicing, Financial Advisor, Wealth Manager.

C. Advisors in wealth or AMC brokering, insurance, etc.

Skills required:

Some of the essential skills are: 

  • Customer Management.
  • Product Knowledge.
  • Client Psychology.
  • Selling Skills.
  • Soft Skills.
  • Understanding of Competition, Business Understanding, and Financial Markets.

Target groups:

These groups can benefit immensely.

  • Working Professionals including Private Banking and Relationship Managers in Wealth Management seeking international certification, IT professionals needing domain skills, Product managers and heads seeking to improve technical aspects in the business, bank executives, Broking Houses, NBFCs, Mutual Funds, Distribution houses, Insurance, etc.
  • Students and career aspirants with B.Com / BBA / BMS / BAF BBI / BFM / M.Com, other graduates seeking careers in finance, graduates with MBA / CA /Law, etc looking for a career.
  • Self-employed professionals managing HNI clients, insurance and MF advisors, independent financial advisors, and others looking to gain technical skills in WM.

In conclusion, discover the wealth management course at Imarticus Learning today as a platform for a successful financial career. For more details and further career counseling, 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, Hyderabad, Banglore, Delhi, Gurgaon, and Ahmedabad.

Which Are The Best Certification Courses In Corporate Banking?

Corporate Banking which is an area many career aspirants would love to join surprisingly has very few good certification courses. Recently FLIP introduced a specific Corporate Banking certification course which is apparently popular among the B-school aspirants.

This course covers non-funded and funded products while taking you through all corporate banking important work areas. It is an apt course for SME and corporate banking career aspirants and is also used for employee training by leading NBFCs and banks.

The syllabus covers topics like: 

  • Understanding products, solutions, corporate client requirements and the matching of these parameters.
  • RAROC adjustments of risk, wallet sizes, Matrix for product penetration, and relationship management.
  • Credit note memos, analysis, and presentations to the management.
  • Client credit-profile analysis and assessment through quantitative and qualitative techniques.
  • Corporate banking products, Treasury products, and both non-funded and funded products.

In retail banking aka consumer banking, the focus is on the individual consumers or mass-market large commercial banks offering services through their local offices. Some examples of such banks are Citibank, JPMorgan, Goldman Sachs, Wells Fargo and Bank of America.

Increasingly the trend is to go in for new-age banking with a gamut of services and products that are consumer-need and profitability based one-stop banking solutions providers with services like retirement planning, private banking, brokerage accounts, corporate banking, wealth management, and even third-party services being included. Hence a wide-scope Corporate Banking Course is best undertaken at a reputed institute like Imarticus Learning.

Why banking jobs are so popular:

In comparison to investment banking, corporate banking dealing with corporate has relatively fixed working hours, fewer deals, large-deal amounts and offers a broader job-scope. 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.

Today rather than specific roles in corporate banking, an aspirant can also take up any of the trending opportunities in new-age banking like

  • 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 or retail banking division roles deal with customized services and financial advice to priority individual HNI customers.
  • Commercial and Corporate 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 the new customers into the fold with banks product information, managing the customer database, advertising, media, and press releases and much more.

The benefits:

New-age banking 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 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 makes this career choice great.
  • Community service goals and continued learning opportunities are satisfying and enriching.
  • The working hours are good and the environment conducive to career-progression.
  • Certifications gained to add value to your resume and knowledge endorsing your skill levels.

Skills required:

To become career-prepared you need to undertake new age banking training. An academic bachelor’s degree would be essential and experience in banking practices definitely 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 in this prestigious job.

Conclusion:

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 new-age banking certification enabling continuous learning and very satisfying job roles.

Hurry to Imarticus Learning today! For more details in brief and for further career counseling, you cal also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

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

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?

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?

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.