Banking Course

Banking Courses Overview

With the advancement of technology, the focus of a successful career in the financial sector has switched to the banking course. After graduation, banking courses are a popular career choice for students in the commerce stream. MBA in Banking and Finance, MCom Banking, and PGDM in Banking are some of the banking programmes offered by business and management institutes; students can apply for these courses if they have a minimum of 60% in their undergraduate degree and have performed well in the CAT, MAT, or GD/ PI rounds. Banking courses provide an overview of banking services, banking administrations, and financial institutions.

A student in a banking course examines the standards of banking exchanges as well as the many services offered by a bank. History of banking, asset management, procedures, accounting, advances or loans, investments, and trust activities are all covered in a banking course. The operations of the Federal Reserve are also covered in banking education. 

Banking Course

Banking courses provide a thorough understanding of investments, finance, asset management, and more. Banking courses are in huge demand nowadays as it teaches skills that are indispensable and extremely valuable for firms in the short run as well as long-term. Aspirants can opt for banking courses directly after 10+2 or after their graduation. Undergraduate banking courses, postgraduate banking courses, diploma in banking courses, and certificate banking courses are all available after the 12th grade. These courses might last anything from six months in Certificate programs to three years at the graduate level. 

To enroll in a banking course, you must have completed your 12th grade with a grade point average of at least 50% from a recognised university. Following graduation, banking courses such as the Master's degree focus on a particular area of the student's interest. Students will learn how to use financial data and accounting statements to aid in better decision-making.

Banking courses are also available through Bank PO Exams, which are offered by a number of well-known banks. Government banks administer the IBPS PO test, whereas other banks, such as SBI, administer their own exams. Students having a minimum of 60% in their graduation can apply for the Bank PO exams; candidates are chosen based on their qualifying scores in bank PO exams (prelims and mains), group discussions, and personal interviews. After 3–6 months of training, students are granted banking jobs. A few of the major banking subjects covered in the banking syllabus include Banking Laws, Financial Management, Foreign Exchange, taxes, etc. 

Banking Courses Highlights

The banking course highlights section will provide you with an overview of the crucial aspects of banking courses like banking course fees, banking course duration, eligibility, etc. The below-tabulated data displays the banking course highlights.

Why Banking Courses?

Numerous causes, including the digitization of money, government changes, and an increase in bank and branch openings, have made a career in banking appealing to many people. Aspiring students from all academic disciplines have opportunities in banking. In this way, choosing a career in banking is a balanced decision in today's market for people eager to advance in their careers rapidly. For those who want to learn about global markets from the start of their careers, enrolling in a banking school is a sensible move. The banking industry offers several options for people who desire to work overseas.

Students will gain knowledge of the financial sector and how banks operate through banking courses. Students can become knowledgeable in the following fields as a banking professional:

• Deals in Finance
• Creating Budgets for Businesses, Individuals, and Corporations.
• Examination of financial records
• Foreign stock exchanges

Here are the quick pointers on why you should opt for a banking course:

• High-Growth Industry
• Fantastic compensation
• Elevated job security
• Decent Social Standing

Banking Courses Eligibility Criteria

Courses in Banking Depending on the level of banking courses you are applying for, eligibility varies. A class 12 diploma from a recognised university with a minimum cumulative grade point average of 50% is required to enroll in any banking courses. The additional requirements vary according to the courses you apply for.

Some banking certificate and diploma programs require a passing grade in class 10 from a recognised board to be eligible.

The eligibility requirement for the JET, BUMAT, CUCET, MAH-CET, and KMAT common entrance exams for banking courses at the undergraduate and graduate levels is a 50% aggregate in class 12 or graduation (45 per cent for reserved categories).

One way to start a career in banking is to pass one of the government-sponsored Bank PO exams, such as IBPS PO, SBI PO, RBI Grade B, NABARD Grade A, etc. While a number of private banks, like HDFC, ICICI, and AXIS Bank, hold their own entrance tests.

There are mainly four types of banking courses in India. Every type of banking course has its own set of eligibility criteria and it is imperative that candidates must be completely aware of all the eligibility requirements before applying for any of the banking courses.

Certificate Banking Courses Eligibility

The following requirements must be met in order to be eligible for certification courses in banking.

• A candidate must have earned their degree.
• A candidate needs to have graduated from a recognized university with a minimum of 50% aggregate marks (45% aggregate marks for reserved category).
• A candidate can desire to acquire certification in a particular skill. The certificate program might last anything from six months to a full year. The list of certification programs that can be pursued after graduation is provided below except for the banking course certificate which can be obtained after passing 10+2 from a recognized school board.
  • Professional Certificate in Commercial Banking
  • Graduate Certificate in Banking Security
  • Certificate Course in Banking Management
  • Advanced Certificate in Loan Management and Banking Laws
  • Certificate Banking Course

Diploma Banking Courses Eligibility

Diploma in Banking is a one or two-year course that teaches students about the many ways that banks operate. This course helps students learn the foundations of the banking industry, including how to open an account and issue a debit card, among other things.

The following individuals are eligible for a diploma in banking:

• Candidates who have passed 10+2 or equivalent exams from a recognized school board.
• Candidates who have received at least 50% aggregate marks in their 10+2 exam.

The following are the main reasons for choosing diploma banking courses:

• Compared to full-time courses, a diploma in banking is less expensive.
• This course's length is likewise fairly short. This course lasts between one to two years.
• A student who takes this course has a better chance of quickly finding employment in a variety of banking areas.
• Diploma banking programs offer excellent job prospects, much as certificate programs do.
• The Diploma in Banking programme is an excellent choice for anyone looking for a career-oriented education in a short amount of time.
• After completing diploma banking courses, the typical annual income ranges from INR 2,50,000 to 6,00,000.

Undergraduate Banking Courses Eligibility

An intensive 3-year program called "Graduation in Banking" is designed to prepare students for careers as successful bankers. This course introduces students to the banking industry's overall operation.

The following requirements must be met in order to be eligible for undergraduate banking courses:

• An applicant must have earned a 10+2 diploma from a reputable board.
• A candidate must have received at least a 50% grade in his 10+2 exams.
• Although there are no restrictions on a student's stream, commerce majors are typically chosen for graduation.

Below mentioned are a few important details related to undergraduate banking courses that an aspirant must be aware of.

• The BCom and BBA programs in banking last three years each.
• The UG or Bachelor in Banking programs offer specialization options.
• Merit and final exam scores from the 12th grade are used to determine admission to the B.Com in Banking program. However, the BBA in Banking admission is determined by the student's performance on the administered entrance exams by various institutions.
• Undergraduate BCom in Banking and BBA in Banking are two of the best options for aspirants opting for a career-oriented program.
• After completing a diploma program, the typical pay ranges from INR 3,00,000 to INR 10,000,000 per annum.

Postgraduate Banking Courses Eligibility

Post-Graduate banking courses provide a range of banking principles and methods. Analysis and problem-solving in the area of banking are part of the postgraduate banking courses. The postgraduate program lasts two years. The eligibility requirements for admission to postgraduate banking courses are listed below.

• A candidate must have earned their degree in a field that is relevant.
• A candidate must have earned a graduate degree from an accredited institution.
• A candidate must have received a minimum grade point average of 50% in graduation.
• Although candidates from diverse educational backgrounds are eligible, commerce background candidates are preferred more often than not.

Banking Courses Admission Process

The four most popular types of banking courses amongst the aspirants and their respective admission processes are mentioned below:

Certificate Banking Courses Admission Process

Certificate banking courses can be of two types- online and offline. Some of the most popular ed-tech platforms provide online certificate banking courses like Udemy, edX, Coursera, etc. Offline certificate banking courses are provided by institutes like Mahatma Gandhi University, Kottayam, Ranchi University, Janata Mahavidyalaya, Chandrapur, etc. The course lasts for about six months and at the end of the course (offline and online), candidates who successfully complete all the assignments along with each lecture will receive a certificate in banking.

To enroll in certificate banking courses, students are not required to take any entrance exams. The fundamental admissions procedure is described below: -

• On the college websites, students can submit an application for this course (for offline mode) OR candidates may register to online edtech platforms like coursera, udemy, etc. and purchase the appropriate certificate banking course online and start the learning process.
• The colleges will ask you several questions about your personal and educational history.
• Based on the students' performance and marks in the 12th examination, offline banking certificate programs are offered.

Diploma Banking Courses Admission Process

The admissions procedures for students wishing to enroll in banking diploma courses are entirely merit-based. The following are the key points and steps for enrolling in diploma banking programs:

• Students need to register themselves on the official website of a particular institution that they have chosen for their diploma in banking after thoroughly checking the eligibility criteria.
• Candidates must pay the diploma course fees online via debit card/ credit card/ net banking.
• Scores in the 12th final year examination are crucial for the Diploma courses. Candidates must have 50% or above aggregate marks in their 10+2. 
• The selection procedure for enrolling in this course is mostly the same throughout the colleges.
• Students who have computer certifications are seen as having an advantage in pursuing the banking diploma course.

Graduate Banking Courses Admission Process

Admission for the BCom in Banking program is based on merit and the student's performance in the 12th-grade final exam, whereas, admission for the BBA in Banking program is based on the student's performance in the entrance exams.

• SET, IPU CET, MET, and UUEE are a few of the top entrance exams for the BBA in Banking programs.
• All of the colleges that offer BBA in Banking courses hold some of these entrance tests.
• IPU CET and other entrance exams emphasize the complete undergraduate curriculum of the colleges.
• Students must pass their 12th-grade final exams from an accredited board and must score at least 50% of aggregate marks.

Postgraduate Banking Courses Admission Process

A Master's degree or a postgraduate diploma in banking focuses on a particular area of the student's interest, in contrast to a Bachelor's degree in Banking, which trains students about the financial industry as a whole. Graduates in banking are also educated about portfolio management, global banking services, financial security, and e-commerce. Some of the popular postgraduate banking courses include M.Sc. in Banking and Risk, MCom (Banking), Master of Banking and Finance Law, and MBA in Banking and Finance among others. 

The admission process is more or less the same as for the graduate banking courses. Candidates need to pass the entrance examinations like IPU CET, CAT, MAT, CUET, etc. to gain admission to a reputed college offering either a master’s degree in banking course or a postgraduate diploma in banking. After clearing a respective entrance examination, there might be a subsequent round of personal interview and/or group discussion. After clearing these rounds students can take admission to their chosen institute following the counseling procedure. 

Candidates must pass their graduation from a relevant field of study with a minimum aggregate of 50% or above from a recognized university to be eligible for any post-graduate banking courses in India. These criteria might differ from institution to institution.

Required Skill Set for Banking Courses

The following skills will help you build a solid career in the banking sector:

• Good Analytical skills
• Excellent Mathematical skills
• Basic Computer Knowledge
• Sharp Memory
• Mental math skills
• Strong Communication skills 
• Confidence
• Patience
• Stress Management
• Critical Thinking
• Technical skills

Banking Courses Entrance Exams

Many reputed colleges and universities conduct entrance exams like IPU CET, SET, CAT, CUET, etc. to admit candidates in graduate banking courses, postgraduate banking courses, and postgraduate diploma banking courses across various disciplines in the banking domain. Today, applicants hope to pursue a job in the financial sector. Depending on the number of open bank positions, lakhs of people take various bank exams each year. The battle among banking hopefuls to make it to the final list of selected candidates is tough due to the small quantity of hundreds or thousands of bank openings. The number of open positions and candidates taking the various bank exams affect the difficulty level of the exams as well.

To fill open positions as bankers in various banks, Indian government institutions hold banking examinations. The recruitment organisations for bank exams in India are the State Bank of India (SBI) and the Institute of Banking Personnel Selection (IBPS), which hold various bank exams in India. Here is a list of government-sponsored exams for banking positions in India:

• IBPS PO (CWE PO/MT)
• IBPS SO (CWE SO)
• IBPS Clerk (CWE Clerical)
• IBPS RRB (CWE RRB)
• RBI Officer Grade B
• SBI PO
• SBI SO
• SBI Clerk
• RBI Officer Grade C
• RBI Office Assistant
• NABARD

Banking Courses Entrance Exam Dates

The examination dates for a few of the popular banking entrance examinations in India are as follows:

Banking Courses Syllabus

Banking syllabus is vast because the banking courses are available at various levels: certificate banking courses, diploma banking courses, undergraduate banking courses, postgraduate banking courses, and PhD banking courses. We have provided below a general banking syllabus for banking UG courses that is common across various disciplines of the undergraduate banking programs offered by various colleges and universities.

Banking PG Syllabus

There are a plethora of banking PG courses offered by various institutes in India in various disciplines. Two popular banking PG courses are M.Com in Banking and Finance and MBA in Banking and Finance. The banking course lasts for two years with a total of four semesters spaced six months apart. The syllabus might differ slightly from college to college but the subjects are almost similar. Below we have provided the syllabus for M.Com in Banking and Finance:

Diploma in Banking Syllabus

Along with theory and case studies, projects and assignments, the diploma in banking's curriculum covers a variety of topics in the banking and financial sector. The diploma in banking program lasts for a year or two. The table below discusses the specific course outline for the banking diploma program:

Certificate in Banking Syllabus

The certificate in banking syllabus involves the following topics:

Note: The syllabus is 100% practical

Banking Courses Subjects

In India, there are numerous banking courses accessible. They are offered as graduate-level, postgraduate-level, diploma-level, and certificate-level courses. Popular subjects in the banking course include:

• Business Policy & Strategic Management
• Commercial Bank Management
• Foreign Exchange
• Principles of Finance
• Direct & Indirect Taxes
• International Banking & Finance
• Economics of Global Trade & Finance
• Modern Banking Theory
• Banking Laws
• Financial Markets in India
• Marketing of Financial Services

Banking Course Fees

There are multiple colleges offering banking courses in various disciplines and forms whether it be a banking certificate course, banking diploma course, undergraduate banking course, postgraduate banking course, and PhD banking course. Private colleges tend to charge higher fees than government colleges and the quality of education is better in government institutions as compared to private institutions. Private institutes take merit-based admission, whereas, government colleges admit students only if they clear the prescribed entrance exam.

Tabulated below are the banking course fees for various types of banking courses offered by private and public colleges:

Top Banking Colleges

A few of the most popular colleges to pursue a banking course in India are listed below:

• NIIT University 
• Faculty of Management Studies (FMS)
• Narsee Monjee Institute of Management Studies (NMIMS)
• Amity University 
• University of Petroleum and Energy Studies 
• K.P.B. Hinduja College of Commerce 
• IIM Calcutta 
• Indira Gandhi National Open University 
• Guru Gobind Singh Indraprastha University
• Indian School Of Business 
• Xavier’s Institute of Management 
• Delhi University 
• Jamia Millia Islamia University 
• National Institute of Security Markets (NISM)

Banking Courses Scope

India is a developing nation with a sizable population. The government and RBI are taking various measures to reach the public in order to account for the growing budgetary exchange of the enormous populace. This is assisting in the creation of jobs in the financial industry. The numerous reforms implemented will increase the number of banks functioning in the nation, increasing job chances for a student with a banking education.

The banking industry has undergone a great deal of change since the technology was introduced. For those who are interested in studying banking, this is fantastic news. Regardless of where they live geographically, inhabitants of India have significantly increased their use of plastic money, such as Visa or Mastercard. In order to extend access through technical interventions, the government has made commendable efforts to develop e-banking and ATMs in numerous rural areas of India. People now believe that keeping their financial assets in banks is far safer due to the top-notch security and protection provided by the banks, which has maintained public trust. This results in an increase in investment money, financial balances, and the number of employees sent to handle these records.

Professionals have a wide range of options as bankers. They are among the highest-paid working professionals in the labour market, and they also enjoy a number of additional perks in this line of employment. The bankers deal with a variety of financial concerns, and occasionally they may work in foreign banking industries. A fresher has the opportunity to work as an intern in a banking organisation after completing a banking course from a recognised institute or university, and after gaining experience through that internship program, they can apply for jobs in the various public sector or private sector banks.

Banking Jobs

After completing a banking course, a student gets access to a range of employment profiles. Here are a few of them:

Loan Officer: A loan officer establishes a rapport with companies and lends them money for their operations. Additionally, they evaluate a borrower's capacity to repay a loan through the underwriting procedure.

Bank Clerk:  Bank Clerk is an officer of a bank that handles client interactions, and accepts and disburses payments, among many other daily tasks. Most bank customers' first point of contact is a bank clerk, who handles all routine financial affairs and responds to inquiries.

Branch Manager: A bank's branch manager is in charge of overseeing a commercial bank's continuous operations. These include offerings in the areas of customer service, safety, practices, and policies, as well as loans and sales. On the other hand, the branch manager also monitors the bank employees.

Loan Clerk: The loan clerk's duties include gathering financial data from customers who desire loans, checking the customers' personal information, and assisting customers with bank loan documentation.

Bank Teller: The duties of a bank teller include offering customers bank services including account opening, cash transactions, etc.

Bank Probationary Officer: Planning, budgeting, marketing, loan processing and approval, and investment fall within the purview of probationary officers.

Banking Salary

The banking industry offers a wide range of employment options. However, those who have completed a postgraduate banking programme have significantly better opportunities in terms of their compensation after completing a banking course.

In the banking industry, new-hire compensation is quite low. However, the banking industry is experiencing positive job growth. Job chances at higher levels continue to become available by working really hard and accumulating experience. One of the industries in India with the highest growth is banking. Therefore, as a result of this expansion, job opportunities in the banking industry continue to arise.

A few of the popular job roles in banking and their respective salaries are as follows: