Why to Choose the Banking Sector for a Better Future

The banking sector is always believed to be an attractive option to aspirants from all the backgrounds. And, it is true mainly in the current scenario. It offers a lot in the way of job security as well as pay. However these are not the only reasons for choosing the sector. Here are some of the reasons why you should like to join the banking sector.

1. Scope of Growth:

For talented as well as the dynamic professionals; the competitive environment of the banking sector provides ample scope for individual, vertical growth. Moreover, it also provides the employees an ambience that is conducive to scaling new personal heights and improving their job profiles.

2. Variety:

The banking sector is one of the most preferable sectors to work in. The choice of jobs as well as the diversity in types of the work that it offers confirms that there is a profile that will definitely suit your interests and aptitude.

3. Challenges:

The work in the banking sector is complicated. Moreover,it will keep monotony away from you through challenging work. It is a highly motivating factor for the people that are aspiring and want to develop their personality.

4. Opportunity for Growth of the Economy:

Working in this sector provides an opportunity to each of the employee to contribute towards the development of the economy through the work. There is indeed no better way to instantaneously work for you and serve the country too.

6. Handsome Salaries:

Money matters. The generation of today looks at money as a source of happiness. While good money can be made from work that interests and suits you, nothing is like it. In this esteem, the banking sector proves to be the preeminent bet. A handsome payment is what you get for your work in the bank.

.  Creativity:

A job in the banking sector is an evolving job. With the change of time the roles and responsibilities of banks also change regularly. Along with the injection of business principles into banking, creativity at work is now valued more than ever.

9. Job Security:

A job in thepublic sector bank is believed to be a job for life. It provides ample amount of opportunities, moreover, there is no chance to be fired because of the bad economy. And for this, it is so much attractive job to the young generation.

10. Job satisfaction:

Job satisfaction is one of the important criteria to survive in a sector. As the salary is lucrative and many more added advantages are given to the employees, they are hankering to get banking job. It is one of the convincing reasons for choosing this sector than other ones.

These are some of the reasons why banking sector is considered to be a lucrative career option. However, to survive in the competitive market and distinguish yourself from others, you need to know each nook and corner of banking. Diverse agencies provide banking courses; choose the suitable one for you. You can visit the online site to know more about this.

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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. 

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Know all about How to Get into Investment Banking

If you have tried applying for a job in an investment bank, you’ll know that getting in isn’t easy. Front office investment bankers still earn considerably more than almost anyone else, except footballers and ‘celebrities,’ and banks are accordingly inundated with applications.

If you want to accomplish a career in financial services – particularly in M&A or sales and trading, you’ll need to be good. However you’ll also need to know the processes that will get you in the door. Banks are bureaucracies. There are tried as well as tested routes into their jobs. Some involve graduate programs, but graduate programs are not all there is. Before you give up on your chances of working in banking, have a look at the following list to know how to get into investment banking:

1. Apply during your bachelor’s degree

Banks hire students with bachelors’ degrees onto their analyst programs. These programs are extremely competitive: only the preeminent of the preeminent get in.  However, 80% (or more) of the people who get hired as full time analysts will previously have worked for that bank as summer interns – meaning that the real moment for getting into an investment bank is during the summer internship in the penultimate year of a university course.

2. Apply before or during your Masters in Finance

These days, banks also like to hire juniors with Masters in Finance qualifications – especially for positions in risk or sales and trading.

If you have a Masters in Finance, you’ll still join a bank as an analyst. Therefore, you’ll still need to complete a summer internship. With most Masters in Finance courses only lasting for one year, it’s advisable to complete this internship during the summer before the Masters even begins. In other words, you’ll need to apply for internships during the final year of a bachelor’s degree.

3. Intern, intern, and intern again

It used to be the case that students completed a single summer internship during which they received an offer to join a bank full time, or they didn’t.

Not anymore.

Nowadays, some of the preeminent students applying for jobs in investment banks have completed multiple internships (spring weeks included). More importantly, some have continued to work as interns even after they’ve graduated.  Moreover, some have received offers to join full-time at the end of these internships.

4. Apply during a top MBA

If you really can’t get onto banks’ analyst programs, you could always apply for the next notch up.

Banks mostly promote existing analysts to become associates. However, they also hire associates from outside. Precisely, they hire them exclusively from the world’s top business schools. If you want to get an associate job in an investment bank, you’ll need to have completed a top MBA.

5. Apply after some time on consulting

Banks hire in outsiders to help them work on strategy. If you’re a strategy consultant who specializes in the financial sector, you may be able to get an internal strategy job in an investment bank. But, you’ll need to have a top name strategy firm on your resume.

6. Apply through your ‘network’

Okay, networking and nepotism aren’t as big as they used to be in investment banking – particularly since the Chinese ‘princelings’ scandal. But having a family, or friends, or alumni, to vouch for you still helps.

As now, you have a firm knowledge of investment banking and how to get into the career; you can easily plan your career easily. Achieve your ambition with the right career option. 

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Learn about the Financial Modelling Training

If we go with the words “Financial Modelling Training” the topic itself lacks the interest to read.

The Financial Modelling Training is nothing but training to create a Financial Model which should be Input Efficient, User-Friendly and Output Objective.

Now, what is Financial Model?

A Financial Model is like structure that takes some Financial Information, performs the calculations and other steps provided in the structure and gives output along with recommendations based on the information so provided. Few of the examples of it can be a Capital Budgeting Model, Discounting Cash Flow Model etcetera.

Now how to teach someone to make a well designed Financial Model is a procedural task. The first thing which is most important is the knowledge of Software in which the Model is to be drafted that is in almost all cases areMicrosoft Excel. This is regarded as the base of the Model.

Before we move on to the guideline part of the training, we must understand what the word “A well designed Financial Model” represents?

A Financial Model should have the following Characteristics to be regarded as “Well designed”:-

·         It should be supported with the properly documented underlying assumptions. A poor documented assumption’s set can make the best to the worst model.

·         Each and every function used in the model should be clearly defined so as eliminate the ambiguity.

·         It should be supplied along with a user-friendly instructions book if the model itself is not self-explanatory.

·         The coding used in the model should be easy to eye and understand.

·         The scalability feature of the model cannot be ignored as it represents flexibility in using the model.

·         The model should flow in logical directions like left to right and top to bottom.

·         It should be robust, reliable and relevant for the information required.

·         Proper referencing and codes linking should be used to make it flexible enough to modulate.

The guideline part (Instructions) starts from here-

·         Conceptual Design:-Before jump to thecoding of a model, a conceptual design should be prepared based the availability of input and requirement of the output or information.

·         Assumptions Base: - The designer shall identify the assumptions which shall define the range of functioning of the model.

·         Selection of Inputs: - The input variables should be selected on the basis of thequality of information required and complexity of format/code.

·         Initial Coding & Compilation: - In this phase, the Conceptual Design is shaped into physical codes, and the model shall be run to find out the errors in the coding.

·         Testing: - The model shall be tested for the accuracyof information which can be done through using the test data of any company or any rough information.

·         Alternative Coding: - After successful testing of the model, the designer, for the simplicity of the end user, shall be taught to find out alternative codes which require lesser input and provide the same results.

Presently this training is being provided by several institutions globally. It’s being a complex, and theintellectual process requires at least 2 to 3 weeks training period.

If you want to learn financial modelling courses then you may contact Financewalk.com

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Financial Modeling Courses Make a Person Ready For a Lovely Financial Career

When it comes to the finance industry then a person seeking job in this field should have some hands on experience in this field. This is why financial modeling courses are designed in such a way that they impart both knowledge and hands-on experience to a person who is taking it and make him ready for blooming financial career ahead. This is one of the most advanced systems of education now that is available in the markets and thousands of young people have benefitted from it.  So what is this course all about and why is it necessary to take financial modeling courses before you finally go for an interview.

What are the financial modeling courses all about?

The financial modeling courses are designed to prepare financial career aspirant in this field before he or she enters into it. When a person goes for an interview for the post of finance assistant in a company then the first thing they ask them is do they have any experience in the field and the second thing is what do they know about the present procedures being practiced in the finance industry now. So these financial modeling courses are designed in such a way that the students are taught all the important things needed for a person to know in order to match up with the industry standards. The things taught in this course are

•          Using MS-Excel at a pro level and preparing reports through it

•          DCF valuation methods and systematic financial modeling

•          The methods to bring out the valuation of the company and Merger models

•          Budgeting (which is the most important part of financing and also the heart of this course as well)

•          IPO,PE and M&Ass

•          Feasibility

Each and every course here is a different one and is very helpful in the finance industry for a person to grow. The financial modeling courses at the Financewalk is a full time classroom based course that s conducted for a total period of 6 weeks. The students get to learn from the experienced people in the business and also have practical classes in the labs where they are taught everything in detail about the finance industry.

Why is this course important?

This course is not just important but it’s mandatory for people seeking a career in the finance industry. The first reason behind this is that you are taught in detail about each and every aspect of the finance industry and also given a chance to meet the best in the business now. So you get knowledge and some hands on experience as well as at the end of every week you will be given assessments and projects to test your knowledge. The second good thing about the financial modeling courses is that you also get a certificate from the organization that you do it from that shows that you actually know these procedures and can start a career as finance professional.

Your future after taking financial modeling courses

When it comes to your future after this course then it is pretty sure that you will surely get a good job with a good pay as you will be abreast with all the ethics and techniques being followed in the finance industry. Thereafter you need to prove your worth in the industry and grow. Wish you loads of success!!! 

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Benefits of Banking and Finance courses to Entrance into Financial Industries

If you are thinking about joining banking and finance courses abroad but could not make up your mind. The benefits and job prospects of these courses will definitely lure you towards these courses. Opting for banking and finance degree abroad will allow you to develop your managerial, mathematical and logical skills. The course will also prepare you to work with numbers in future whether in finance or banking services.

The undergraduate programs in banking and finance will equip you with a variety of economic, business and problem-solving skills. These courses can also guide you for financial institutions, economic models and finance industry globally. Later modules allow you to concentrate on the specific field of financial practice such as bankruptcy or risk management. Undergraduate courses basically develop your competency and skills to work in the banking and financial industries. Therefore, you must be aware of the type of skills you are gaining from your course. You can gain various skills by studying banking courses and finance course which includes numerical skills, analytical skills, competency to work on deadlines, attention to accuracy and detail, unique ability to work with figures and numbers

Benefits of banking and finance courses

While applying for banking and finance degree abroad, universities expect you to demonstrate your keen interest and knowledge in finance and accounting. Most universities also sought for qualification in statistics or mathematics before applying. If you can play with figures and numbers and aiming for a handsome salary, banking career is good for you. An undergraduate course in banking and finance will help you realise your goal.

Opportunities

Banking and finance sector employs of top-class employers at various positions from large commercial and investment banks to independent financial advisers and insurance companies. There are undergraduates who go for higher studies after completing their degree, but some even start their lower level and work hard for higher positions.  You have various options to start your career after banking courses and financial course. Some of sought after jobs in this field include banker, actuary, investment banker, Chartered accountant, astockbroker.

Whatever you do, it will depend upon your willpower and astrong determination. You have to set your goals and time to achieve those goals. The course will depend on whether you are eager for diploma course, graduate or post graduate course. According to your area of domicile, you can choose the university which is best for you.

Checklist for postgraduate study

·         Facilities and reputation of the institution

·         Its research and teaching ratings

·         The structure and course contents

·         Work experience, industry links and networking opportunities

·         Job scenario and salary structure of previous students

Postgraduate course at your disposal

·         PhD

·         Masters in Business and Administration (MBA)

·         Masters of Science(MSc)

Worth of Postgraduate program in your banking job application

·         Higher studies showcase the employers your intellectual capacity

·         Consistent effort of working on thesis set exemplary example of organisation, self-discipline, project management and independent researchespecially when you cope up with part-time job, extra-curricular activities and work experience

Use your mental checklist to ensure that you have done your research, and then talk to your course director and prospective employer, if possible before accepting an offer

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Opportunities to learn financial Modelling for the working Professional

If you are working in a finance industry whether as a working professional or avid investor, financial modelling is most sought after skills.  The financial modelling course covers finance, accounting and Excel skills to interpret investment analysis and financial statements. Financial modelling helps business houses to operate optimally by considering and analyzing various parameters. The financial modelling courses will teach you to build model depicting business models and financial statements for decision-making purpose. 

You can learn the basics of Excel in the financial modelling course which will help you to create profitable financial models. After completing the course, you can independently build models who are strong and offer dynamic projections. These projects are used by the companies while opting for operation, financing, investment, and valuation purpose.

Opportunities in financial modelling

Investment banking

Financial modelling is used by investment banking firms to prepare valuation report of a company by forecasting the revenue figures. Valuation report helps the buyer or the seller on proposed investment of funds or acquisition of new funds.

Equity Research

In Equity research, financial modelling is used to examine financial projections other dynamics such as competitor’s projections of an organisation. The analyst employs financial models to assess the risk factor of investment.

Credit Rating

Credit analyst employs financial modelling to gather historical data and information, outstanding debts and predicting future growth in excel. Financial modelling helps the credit analyst in determining the risk factor to provide a rating.

Project finance

While preparing project finance report, financial modelling helps in assessing the financial viability and risk factor. The model also helps in make a funding plan through a proper combination of debts and equity components.

Mergers & Acquisitions

In merger & acquisitions, the company needs to assess the value of the company which they want to acquire. Financial modelling helps the company to forecast the revenue, portraying debt schedule by analysis the competitor.

Financial Analysis

Financial models equip companies to assess their own capital structure and build financial models on various projects. To plan capital structure best suited to a company by employing debt and anequity component, the financial model, is the best tool.

Study models for financial modelling course

Globally around 85 institutes offer 162 courses on financial modelling. Among them, top institutions are

·         Oxford University, UK, is ranked first in terms of providing two-year full-time course naming Mathematics Finance MSc.

·         Princeton University, USA offers two courses on financial modelling. One is B.S.E in Operations Research and Financial Engineering and Masters of Science in Operations Research and Financial Engineering

·         Imperial College, London offers one course on financial modelling and is ranked 8^th among the top colleges in the world

·         University of Chicago, USA offers one 15 months course at postgraduate level on financial modelling as MS in Financial Mathematics

·         Australia National University offers ten courses at graduate and post graduate level on financial modelling training.

·         London School of Economics and Political Science, University of London offers two courses such as Financial Mathematics and Statistics BSc (Hons) and Financial Mathematics MSc 

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