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Tag: NMIMS Distance MBA course

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

Posted on by Imarticus Learning

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!

The future of banking and finance courses after graduation: Spheres to expand

Posted on by Imarticus Learning

Banking and finance courses have always been in-demand after graduation. These are the most significant pillars of the economy. Even with the changes in technology, these sectors are growing consistently making them popular courses to pursue after graduating from 12th or colleges. The advancement of financial technology is one of the reasons why it is getting more and more popular. 

Unlike the earlier time, the prospects of a career in these sectors are not confined to clerical jobs. Several technology-oriented jobs in the banking and finance sector lure more graduates into this field. They can choose financial accounting, NMIMS Distance MBA, or other banking courses after graduation. 

Benefits of choosing banking and finance courses

  • There are plenty of job opportunities with multiple job profiles
  • Attractive salaries both within India and abroad
  • Perfect for career growth and for reaching the top levels
  • Ideal for highly ambitious professionals
  • Provides job security and satisfaction
  • Good opportunity for skill development in various fields
  • Most importantly, these two sectors will sustain even during a recession as they are the backbone of the economy 

Career options in the finance and banking sector

Apart from the well-known careers such as bank manager, financial accountant or financial risk manager, other flourishing career options are also highly rewarding. A few of such career options are, 

  • Asset Manager
  • Audit Clerks
  • Bank Teller
  • Book-Keeper
  • Business Analyst
  • Certified Public Accountant (CPA)
  • Credit Analyst
  • Equity analyst
  • Financial Manager
  • Financial Service Representatives
  • Foreign Exchange Trader
  • Internal Auditor
  • Investment banker
  • Loan Officer

Banking courses after graduation

There are bachelor’s degree courses, master’s courses, and various other diploma or certification courses available, both online and offline. 

Bachelor’s and Master’s courses

The Bachelor’s courses are available in sections such as Banking and Finance, Financial Accounting, Statistics and Business, Banking And Insurance, Commerce, etc. The respective master’s courses are available in these fields. 

The other options for a master’s degree include Financial Mathematics, Monetary and Financial Economics, or the likes of M.Voc in Banking, Stocks, and Insurance, etc. 

An MBA in finance is a game-changer. One could choose an offline course from a leading university or an equally compelling online course accredited or offered by famous universities. One such example is the NMIMS Distance MBA online course. 

Diploma and certification courses

As for the diploma certification courses, they can be short-term or long-term up to 12-18 months duration. These certification courses are niche courses that help you specialize in a specific field. Examples of such courses are, 

  • Advanced Certificate in Banking Laws and Loan Management
  • Diploma in Banking Services Management
  • Graduate Certificate in Banking Security
  • Graduate Diploma in Banking and Finance Law
  • Post Degree Diploma in Economics and Global Banking
  • PGP In New Age Banking (PGPNAB)

Regardless of the course that you choose, most of them focus mainly on banking principles, financial services principles, managing investments, investment regulations, and credit. 

The cost of these courses varies depending upon the type of course, the institution, and the specific curriculum. Certification courses are one of the best options for beginners. 

Conclusion

The future of banking and finance is technology-driven, and the graduates can expand their career options only with the help of technology-assisted courses. Analytical jobs are one of the most sought-after career options. Artificial Intelligence and Machine Learning integrated courses are also a good option. Having an MBA gives the much-needed push for the career. 

So the future of fintech and banking courses holds high regard. One must expand their horizon to get more opportunities. 

How Can You Start A Career in Digital Banking?

Posted on by Imarticus Learning

The internet was one of the ground-breaking inventions of modern history. It has totally changed the lifestyle of people; the virtual world today is far broader than the real one and has a lot to offer given its lucrative prospects. From reading stories in pages of a tangible book to using your smartphone to read the same, the internet has been a game-changer in every aspect of our living. The new age brings new opportunities for people to explore and develop new skillsets.

A decade ago nobody would’ve ever imagined that there would be companies recruiting people to manage their social media, but today it’s a lucrative prospect. The internet technology has influenced each and every industry, be it education or finance and banking or travel, everything has got an upgrade from its traditional self. One of the prominent industries greatly transformed with the internet in the digital age is the banking industry.

Understanding Digital Banking

In the simplest way, digital banking training could be understood as the digitization of the services offered by the traditional method of banking. Before the advent of e-commerce people had to buy things from brick and mortar stores but with the e-commerce industry into the picture all you have to do is choose your good and checkout your cart after selecting a payment method and it’ll get delivered at your doorsteps.

Something similar has been done with the banking industry, here instead of tangible goods the services that the banks have to offer are delivered to you online that you can easily access with the help of your smartphone in a few clicks.

The service offered through digital banking includes money deposits, withdrawals, and transfers, checking & saving account management, Loan management, bill payment, account services, etc. In this technologically progressive world banks can’t afford to miss put on the benefits that the internet has to offer in terms of better customer servicing, customer satisfaction, and increased customer base.

In the last decade, there has been a big change in consumer behavior, people are valuing your services as an experience and not just a service, this has made financial institutions more sensitive to customer experience and thus bringing the services online is a prerequisite.

Today with the advent of digital wallets and UPI payment methods the need to go to the bank or even carry your wallets for a transaction has reduced drastically. Online banking is very similar to digital banking but has a narrow digital banking traiscope than the digital banking scheme, the digital banking aims to deliver all the products and services that the financial institutions have to offer whereas online banking has limited inclusions like bill pay, money transfer, remote deposit, etc.

Career Prospects in Digital Banking

The digital banking field is very different from traditional banking; it requires a combination of technical knowledge and the knowledge of the banking industry. This sector has a plethora of opportunities for people from both the streams of technology and finance & banking. Some of the major jobs available in this industry include the like of digital product manager, UI designer, software engineers, exploratory testers, etc.

Since the digital world is run with the help of data, this field has a lot to offer to professionals having the data acumen. A large number of decisions today are made by algorithms that are put in place; algorithm mechanics demand is predicted to rise in the near future given banks need people to optimize the customer experience. Another growing demand in this field is for digital process engineers who are trained to analyze and optimize the workflow and maintain the standardized process designed by the company for a smooth customer servicing experience.

Those with a technological background are ideal for product designing and development roles in the digital banking industry. Product managers are also crucial in the digital banking age, they add value by ensuring proper delivery of the digital products and services offered by the bank. Other relevant roles include content management and copywriting roles than requires a marketing bent of mind.