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Showing posts with label Careers in banking. Show all posts
Showing posts with label Careers in banking. Show all posts

Thursday, 6 July 2017

Choose the Best Banking Career and Make a Mark in the Sector

Yes that’s correct as Financewalk can actually help you to choose perfect Careers in Banking in this year of 2017. Every year thousands of students take banking courses to clear banking examinations and get a post in the banks that they always wanted to work in. You need to get into this sector only if you are serious about being a part of the banking industry as here you will directly deal with money of people so you need to be careful and a smart person as well.



The need of banking courses these days

Banking is among those sectors that are ever changing as lots and lots of amendments keep happening every year that you need to know very well in order to excel in this field. When it comes to internal changes of banking practices and policies it is somehow okay as these things can be learnt in the organisation itself but when it comes to changes from the Government side you need to be equipped in order to understand the changes and work accordingly. So when you go for a banking course you are actually taught in detail about the external banking policies that the government lays down and even some unique and latest technologies and software’s being used in the banking sector these days. So this helps you to choose better Careers in Banking and have a strong stand as a candidate for any of the jobs that you want to get into.

Why choose Financewalk to take a banking course

Financewalk is an organisation set up by one of the renowned experts in the field of banking Mr. Avadhut Nigudkar who has a massive experience in the banking sector and now is offering both classroom and online courses for students who want to take up banking as a career option for themselves. If you dream of having successful Careers in Banking and make a mark in the sector then you should go ahead and take any of the Banking courses offered by Financewalk.

There are different specialisation courses for different fields in banking for you to choose from like Finance related courses, Investment related courses, equity research courses and finally Financial Analytics courses as well. So it’s on you as to which course would you like to choose in order to have a blooming career in Banking. 

Thursday, 27 April 2017

Explore the Vastness of Banking Careers Sector

For all students who are looking for career opportunities in the Banking Industry, you will be delighted to find that your search may finally come to an end. 

Banking is one of the most sought after career choices among the youth. In a developing country like India, career opportunities in the Banking Sector are on the rise. The global turmoil in the financial segment that occurred a few years ago had the least effect on the country's banking sector because of the sound banking and financial system. The Banking Sector in India is growing at a rapid rate and is among one of the fastest growing industry verticals.

The Banking Industry provides a diverse range of opportunities for experienced professionals, college graduates and entry-level workers. Though it may appear that these jobs are meant for commerce and economics students, but the fact is that majority of bank officers are from different streams of education.

Careers Opportunities in banking:

The Banking Sector provides an excellent opportunity to develop an understanding of the global economy. Moreover, it creates an array of career opportunities that ensure job-satisfaction and dignity. Some of the few careers in banking are enlisted below;

Bank Teller:

Bank teller is usually the entry-level position for someone starting within the industry. Generally, a bank teller at a retail bank or a credit union is considered to be the person that a customer physically visits while cashing or depositing a check, purchasing a cashier’s money orderor check, or any other cash service handled at the retail bank or the drive-up bank location. Bank tellers can also be found at banking call centers where customers may telephone a bank for any number of retail banking services. 


Loan Officer:

Banks generate money by issuing loans, which means loan officers have a key role to play in a bank's success. A loan officer is the person at a bank, a credit union, or other financial institutions who help people and companies borrow money. They need to possess confidence with excellent communication skills, and must be detailed oriented. 
Bank Manager:

A Bank Manager manages all activities of a bank or a particular department of the bank. A manager of a department of a large bank might have more specialised duties overseeing the business, service, as well as the profitability of the department. The bank manager is responsible for hiring, training, supervising and if necessary, firing the staff that he or she supervises. 

Credit Analyst:

A credit analyst is a person who studies the financial details of a group of persons, a person, or a company, to evaluate the bank loan applicant’s credit worthiness. Credit analysts can be employed by banks, credit unions, credit card companies, financial investment firms, or credit rating agencies. Generally, most large financial institutions require a bachelor’s degree in finance, business, accounting, or a related field, but many banks will offer on-the-job training in credit analysis for talented employees without such degrees for banking careers such as this.

Insurance Representative:

Insurance Representatives are employees of the bank holding corporation rather than the bank. Nonetheless, the branches have insurance sales goals as well as employees make referrals to insurance agents who work on-site. Insurance agents sell products such as annuities, life insurance and even health insurance policies. Agents are paid in the form of commission and moreover, the commissions are not generally capped that means your earning potential is unlimited.

Office Staff:

Banking institutions employ office and support staff for all office departments, similar to any large or small firm. The office departments in a banking firm might include building and janitorial operations,human resources, payroll, administrative and secretarial support, programming and application development, support and maintenance. Each department, depending on the size of the firm, will have multiple levels of authority and responsibility for all banking careers of this sort. Bank jobs within these departments can range from entry-level and intern, to support and middle management, on up to the department’s director or chief officer.
However, you need to be acquainted with the skill to exist in the banking sector. There are diverse agencies that can help you regarding this. Choose one of those to make your dream to join in a banking sector a reality. 

Saturday, 21 January 2017

Learn Financial Modelling for Starting a career in Finance

If you want to start a career in Investment Banking or looking for profiles like Fundamental Analyst or any related profile in other financial institutions like hedge fund, investment advisory firms,etc., financial modelling will give you a kick start to take off your career. In this blog we’ll try to answer some related questions like what is financial modelling, why do we learn it and where it is applicable?



What is Financial Modelling?

The main purpose of creating a financial model is to basically forecast the future performance of a firm by estimating its financial numbers based on its historical performance. It is nothing but constructing a financial representation of a firm either partially or completely, through a mathematical model generally prepared on spreadsheets with the help of various Excel formulae.

Financial modelling is one of the common tools which analysts used to check the financial health of the company or a firm and also how it is going to perform in future by forecasting some of the key line items from its financial statements likeRevenue, EBITDA, EBIT, etc.

Why do we need to learn Financial Modelling?

The financial model helps the analyst to answer various questions which are critical to any business. Working in any of the domains of finance like Equity Research, Investment Banks, Credit Research, building a model gives a clear picture of the company’s performance, which areas it should monitor more closely to remain in the competition. It also enables the analyst to understand, how a business will react to different financial situations or market conditions. Which are the important areas where thecompany should make investments for better returns?

It could be a simple or complex financial model, but it will be considered as a good model only if it can be easily understood by its users, another important aspect of a good model is that it should clearly convey assumptions and conclusions. As most of the financial models work on garbage in garbage out method, hence the objective behind creating it should be very clear from the scratch.

Where are Financial Modelsapplicable?

The main objective of financial modelling is to create a model which will help the companies and investors to take better financial decisions keeping its future growth and investment returns in mind. Some of the factors which affect the financial decisions are Sales or Revenue, cash flow projections or debt structure. Areas where financial models generally used are:

·         In projecting the company’s or its stock’s future performance
·         In project finance
·         In investment banking
·         In equity or industry research
·         In company’s past performance analysis
·         In capital budgeting which includes allocation of resources for major expenditure and investments etc.

·         In deciding the cost of capital, means that financial models tell the company about the right mix of equity and debt structure to increase the investment returns.


There are various financial models available like: Discounted Cash Flow Model, Comparative Analysis Model, SOTP Model, LBO Model, M&A Model, Industry Specific Model to name a few and as a financial analyst one should know which type of financial model is applicable to industry, company or the financial instrument which he or she is covering.

So, basically financial modelling is a skill which anyone who is interested in analysing a particular sector or a company for the purpose of personal investment or providing investment recommendations to clients or helping the company in better decision making, can develop by learning the concepts of financial modelling and MS Excel which is a very common tool used in building financial models.
If you are interested to start careers in Banking, you may contact Financewalk