Golden nuggets of career advice in banking and finance management program

Posted on January 31, 2022 by Imarticus Learning

The banking and finance management program will not only offer you the opportunity to work in banks, but it will also allow you to apply your knowledge in other sectors such as businesses, companies, or public or private institutions in the administrative and financial areas.

The diploma in banking and finance is linked to preparing professionals with an emphasis on banking, however, the PGP in new-age banking we offer at Imarticus, is designed with a curriculum that is not limited, so it offers the opportunity for training to acquire administrative and financial knowledge which can be perfectly applied to any type of company.

Banking is a professional sector that offers important job opportunities. The first thing to bear in mind is that the training required will depend on the position you are applying for.

If you are wondering how to work in a bank, pay attention to the following requirements.

You need at least a baccalaureate degree. However, most job offers will ask for a higher level of education. The baccalaureate will open the doors to study a training course or a university degree to begin your path towards the banking sector.
Taking courses related to finance and accounting in business is a plus. It will give you practical knowledge to help you perform better in your job. In addition, recruiters will consider the additional training on your CV. EFA (European Financial Advisor) and EIP (European Investment Professional) certifications will make it easier for you to find a job. These European-level certifications require a minimum number of training hours per year, so a bank employee always needs continuous training.
When applying for a vacancy, it is almost essential to have a higher education qualification related to administration and finance in order to apply for a vacancy. Even if you want to get into a customer service position, you need to have a basic knowledge of finance.
To work in a senior position, for example as a branch manager or financial advisor, you will need to study for a degree at a university or business school. The most popular degrees for working in a bank are Business Administration and Management, Finance and Accounting, Law, Economics or double degrees related to these subjects. If you have not finished your studies, but you want to start your career, you should know that the bank will require you to have passed at least 75% of your degree credits.
When you finish your university studies, you can complement your training with a specialized master’s degree or a postgraduate degree in the field that interests you in the banking sector.
English language skills have become a prerequisite for most job offers. If the bank has foreign clients, speaking English can be a great help.

Employment opportunities

With the knowledge to use tools in the administration of banking institutions and financial companies to make decisions in the field of investment analysis and placement of investments, you will be able to work as a professional in banks in general, where you will be able to carry out activities such as:

Promotion and marketing of banking products, bank management, and administration, negotiation of financing alternatives, investment in the market. This variety of activities that the expert graduate will be able to develop is another of the great advantages to taking into account when considering studying this career.

Conclusion

Now that you know how to work in a bank, do you think you meet the requirements? Our Business Management Course will prepare you to work in banking. Visit our website to learn more about our program.

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

Posted on September 28, 2021March 21, 2024 by Imarticus Learning

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.

Instilling 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.

What Are The Best Courses For Finance?

Posted on June 23, 2021March 21, 2024 by Imarticus Learning

Finance is one of the most sought-after education fields and short-term certifications in the domain are quite popular nowadays. These online finance courses provide a candidate with the necessary skills in a short amount of time and can be pursued conveniently along with studies or a job. Even if you are just looking to move up the ladder in the finance industry, these online finance courses can immensely help.

You can opt for a financial analyst course or a chartered financial analyst course to give your career a necessary boost. Read on to know more…

Why Pursue a Course in Financial Analytics?

Financial analytics is used to provide different insights on financial data. It gives in-depth knowledge and helps take strategic actions against the problems to improve the overall performance of any business. Financial analytics is majorly a subset of business intelligence (BI), and enterprise performance management (EPM). It impacts almost every aspect of any business and is hence one of the most coveted fields today.

A chartered financial analyst course, or for that matter any of the good financial analyst courses will help you bag a good job in this field. Let’s discuss some courses for financial analyst jobs with the best financial analytics course syllabus available online.

Best Finance Courses

Here are some of the best online courses available in the field of finance:

Financial Analysis Prodegree

This course is offered in collaboration with KPMG, which is a leading professional service and accounting firm in India. This course in finance is hands down the best financial analyst course you can take up to either start a career in finance or just give a boost to your existing portfolio. It covers areas and topics of investment banking, private equity, and corporate finance in its financial analytics course syllabus and helps you learn job-relevant and field-related technical skills.

PGP in New Age Banking

The financial analytics course syllabus covers a wide range of topics and helps you develop various technical skills in the area of finance. The modern job of financial analyst requires candidates to be equipped with the correct and right training in this highly competitive market, to move up the corporate ladder. And, this course provides just that. It is certified by NMIMS and offers assured placement.

It provides dual certification with an MBA in banking and finance management. Business economics, financial accounting, and analysis, marketing of financial services, corporate finance, financial institutions, and markets are just some of the topics covered under this program to boost your knowledge.

This course also covers topics like business communication and business law to make you even more eligible for jobs in the corporate sector.

As business analytics plays a very crucial role in evaluating the profit of any business, the demand for qualified professionals in this field is increasing. It is imperative that you choose a course for financial analyst which features a comprehensive financial analytics course syllabus, covering all essential topics. A good chartered financial analyst course will help you answer every business question related to the domain you are in and provide the best options for your company.

How Imarticus Helped Job Seekers in Enhancing Finance Skills During Lockdown For Better Career Opportunities?

Posted on April 8, 2021April 1, 2024 by Imarticus Learning

The finance industry has grown huge in the entire world and is still increasing. It has spread far and beyond with thousands of professionals working almost in every sector. Thus, naturally, there is a ton of students who wish to educate themselves and get placed in well-renowned organizations.

Education during lockdown

To obtain the know-how of any field, it is always better to get into some study program. And, this holds true for the finance sector too.

You can go for a new age banking course to get good training and achieve the skill set required to start a finance career. But, in the present scenario of pandemic and worldwide lockdown, this has become difficult. So, the world is now turning towards online classes to upskill themselves.

What Imarticus have to offer?

Imarticus offers various types of finance programs best suited for those who want to give a boost to their career. It provides certification courses, pro degrees, and PG programs covering the most important segments in finance. These programs have a comprehensive design to develop a student’s understanding of the industry and get them ready for a career in finance.

Lockdown-specific programs

Imarticus has a lockdown-specific program structure involving an online mode of learning, making sure students do not lose out on this time but get educated and trained for the future. It tries to support students economically as well by not charging fees until they get placed. Students will be paying the fees from their salaries after they start their finance job.

Promising the best even during the lockdown

Imarticus believes in the practical form of learning and encourages student engagement. It teaches using videos, live lectures, projects, and simulations, all designed by industry experts. Also, it makes sure to educate students on all in-demand topics in the finance sector. Students get opportunities to apply and enhance their skills and therefore, gain an in-depth understanding of how the industry works. This is generally achieved through comprehensive case studies. When you graduate from Imarticus, you are given certificates proving the expertise gained.

Personal mentoring for excellence

Students who enter study programs with Imarticus are mentored throughout the course so they could improve and enhance their skills and boost their growth in the finance industry. One-on-one guidance is offered to help students understand technical concepts and solve career-related doubts.

Imarticus guides students on an ideal career path based on their skills and interests. Also, it believes in a feedback loop, reviews their projects regularly, and trains them according to best industry practices. Thus, helping them emerge as successful professionals.

Starting with a finance career can be a challenging task. But, when you are trained by industry experts, continuously monitored, and given feedback, there is a better chance that you will grow and emerge as a successful professional. Imarticus has always tried to bring about that growth in their student pool and will continue with this approach.

What Are The Types of Trade Settlement in The Trade Life Cycle?

Posted on October 19, 2019January 23, 2024 by Imarticus Learning

Understanding Trade Settlement

The evolution of finance and commerce as a whole has pushed the world economies to a new high. With the advent of trading of financial instruments and multiplier effect into action, the monetary growth has been multiple folds over the past few decades.

Let’s get deeper into what exactly is trade settlement and how does it function. Trade settlement is a transaction method wherein the securities in trade are transferred into the buyer’s account and the monetary value of the security is deposited into the seller’s account post a trade execution.

The securities traded are financial like bonds, stock futures, or other financial instruments of value. The date when an order is placed is known as trade day whereas the transferring of security and cash takes place on the settlement day.

The trade settlement in the trade life cycle process is a part of a bigger whole which we call the trade settlement period.

The trade settlement period incorporates the whole time taken to complete the trade, starting from execution to settlement of the trade.

Types of Trade Settlement

During trading of financial securities, the time period for settlement of trades, trade capture is set as per the contract. The general time frame differs as per the types of securities. Equity securities are settled on T + 2 days, here ‘T’ is the trade date. Other securities such as commodities, currencies, or derivatives are traded at the mark to market, the settlement for a mark to market is at T + 2 days.

The classification of Trade settlement can be done into 3 types:

Normal/ Rolling Settlement
Trade-to-Trade Settlement
Auction

Rolling Settlement

In this type of trade settlement, securities are settled on successive dates based on the settlement period in the contract and the day when the trade was executed. So let’s take a trade contract period with T + 2 days settlement time, here if a trade is placed on Monday and another trade is placed on Tuesday, the trade on Monday will be settled on Wednesday and the trade executed on Tuesday will be settled on Thursday (successively).

This is different from the account settlement method wherein the trade executed within a given time period is all settled at once.

Trade-to-Trade Settlement

In the Asset allocation, Trade to Trade Settlement method, intraday trading in prohibited for securities falling in this segment.

In this type of settlement method, the trader is required to accept the delivery of the security when bought and provide the monetary value, while selling the trader has to deliver the securities and the monetary value of the same will be provided to the trader for the securities traded. In short, shares are traded only for delivery.

Auction

Any trade involves at least two parties to the transaction, in the trading of financial securities, on one side we have the buyer of the security on the other side we have the seller of the financial security. The auction takes place when the selling party of the transaction or trade fails to deliver within the given time period on the agreement of selling the security for the said or agreed upon the monetary value of the security. It’s a kind of penalty for the investor’s carelessness while trading.

In this case of failure the broker of the selling party will try to purchase the security in a buy-in-auction market, the sum of the auction price along with the penalty and brokerage charges has to be paid by the defaulter (the selling party). The settlement of the action is done on T+3 days given the broker tries and purchases the share in the auction market on T + 2 days.

Tag: PGP in New Age Banking