Banking
Degrees offered: B.A.(Hons), B.B.A, B.C.A., B.Com, B.Com(Hons), B.Sc., B.Sc.(Hons)
What is Banking
Banking is an industry that deals with cash, credit, and other financial transactions. There are various banking courses available for the student. Banking equips the students with a wide range of banking services and financial institutions. Students studying these courses will understand principles of Banking transactions and diverse services offered by banks.
Banking is a broad domain in the field of Finance and covers topics such as, the history of banking, asset handling, accounting, advances or loans, investments, and trusts. There are various job roles in the banking sector, including bank clerk, banking associate, personal banker, and loan officer.
Highlights- Banking
Particulars | Values |
---|---|
Branch Name | Banking |
Degree | BBA, B.Com, B.Com ( Hons),PGDM, M.Com |
Duration | UG: 3 years PG: 2 years |
Eligibility | UG: 10+2 PG: Bachelor’s Degree in relevant discipline from a recognised institute |
Admission Process | Entrance Examination/ Direct Admission |
Top Entrance Exams | SET, CUET PG, UGAT, NPAT |
Average Course Fees | Rs. 19,550 to Rs. 2.09 Lakhs |
Career Options | Bank Clerk, Banking Associate, Personal Banker, and Loan Officer |
Average Salary | Rs. 3.4 LPA |
Recruiting Companies | SBI, RBI, Indian Bank, Bank of India, RBI, Bank of Baroda, Canara Bank |
Specialisation or Similar Ones
Banking course is a specialised and broad domain in the field of Finance consisting of many topics of study including, Banking Principles, Financial Markets, Investment Banking, and Economics. There are many different specialisations offered in the field of Banking which are similar or somewhat related to Banking field. Mentioned below are some of the specialisations in the same.
B.Com Bank Management | PGD Banking Finance |
B.Voc Banking and Financial Services | Ph.D Banking and Finance |
M.Com Banking and Finance | PGDM Banking and Financial Services |
Top Banking Colleges in India
Banking specialisations are offered by several colleges in India, both public and private. The admission is either based on an entrance exam or merit-based admission. Mentioned below are the top colleges offering Banking degree programmes in India.
Colleges | Fees |
---|---|
Rs. 39,000 | |
Rs. 1.05 Lakhs | |
Rs. 76,200 | |
Rs. 55,000 | |
Rs. 2.09 Lakhs | |
Rs. 19,550 | |
Rs. 82,500 | |
- | |
- | |
- |
Top Private Banking Colleges in India
Private Colleges are known to provide quality education and also offer state-of-the-art infrastructure facilities for student’s convenience and comfort. Many good colleges are offering Banking courses, some of them are listed in the table below.
Colleges | Fees |
---|---|
AVVM Sri Pushpam College, Poondi | Rs. 39,000 |
CKSVIM Vadodara | Rs. 1.05 Lakhs |
SAASC Tiruchirappalli | Rs. 76,200 |
SCDL Pune | Rs. 55,000 |
Amrita School of Arts and Sciences, Mysore | Rs. 2.09 Lakhs |
Top Government Banking Colleges in India
Government colleges are comparatively cheaper than private institutes and are well-known for providing exceptional education. Listed in the table below are the top government institutes in India that offer Banking courses.
Colleges | Fees |
---|---|
Institute of Distance Education, Chennai | Rs. 19,550 |
Ramanujan College, New Delhi | Rs. 82,500 |
Raha College, Nagaon | - |
Manipur Institute of Management Studies | - |
Kamaraj College, Thoothukudi | - |
Eligibility Criteria (UG & PG) of Banking
The eligibility criteria of the course varies depending on the institute, students can check the same on the official website of the desired institute or on the programme brochure. Generally, for an undergraduate course, the candidate is required to pass their 10+2 grade with a valid score. Similarly, for a postgraduate course, they require a Bachelor’s degree in relevant discipline from a recognised institute.
Eligibility Criteria for UG Courses
To pursue Banking courses at the undergraduate level, candidates need to complete their 10+2 in any discipline. They are also required to score a valid aggregate score of 50 per cent or as specified by the chosen institute. Mentioned below are the eligibility criteria for undergraduate courses in detail.
- Students must complete 10+2 education or equivalent education from a recognised board.
- They must also score a minimum of 50 per cent, the aggregate percent score may change depending on the institute. There may be relaxation in aggregate scores for the candidates belonging to the reserved categories such as SC/ST/OBC.
Top Entrance Exams for UG Courses
SET - SET or Symbiosis Entrance Test is a university-level entrance examination conducted by Symbiosis International Deemed University to provide admission to the BBA degree programmes.
CUET: CUET or Common University Entrance Test is a national-level entrance examination conducted by the National Testing Agency (NTA) for candidates to provide admission to undergraduate degree programmes in various courses.
NPAT- NPAT or Narsee Monjee Institute of Management Studies (NMIMS) conducts NPAT annually to provide admission to candidates who wish to pursue a BBA from NMIMS.
UGAT - UGAT or Under Graduate Aptitude Test is a national-level entrance examination, conducted by the All India Management Association (AIMA) every year for admission to BBA, BHM, B.Com, IMBA, BCA courses in various colleges.
Eligibility Criteria for PG Courses
The candidates are advised to carefully follow the admission procedure after ensuring that they meet the eligibility criteria for postgraduate courses. Candidates are generally required to have a Bachelor’s degree in a relevant discipline to be eligible for admission to the postgraduate courses in the Banking field.
Students must have a Bachelor’s degree in a relevant discipline from a recognised institute.
They must score a minimum aggregate score of 50 per cent in the qualifying examinations.
They must also meet the entrance examination cut-off as specified by the institute in order to get admission to their desired course.
CUET PG: CUET PG or Common University Entrance Test-PG is a national-level entrance examination conducted by NTA (National Testing Agency) for admission to various master's degree programmes. The score of the CUET-PG entrance examination is accepted by 47 central universities in India.
Scope of Banking in India and Abroad
In India, the banking sector is experiencing significant growth due to economic development and increased financial literacy. The introduction of digital banking and financial inclusion policies has further expanded the scope of banking. Moreover, the demand for professionals in specialised areas like risk management and investment banking is on the rise.
Internationally, the banking industry offers diverse opportunities. With the advent of fintech and digital transformations, the demand for skilled banking professionals is increasing. Countries with strong financial hubs like the USA, UK, and Singapore provide ample opportunities for career growth in banking. The scope for international banking professionals is vast and promising.
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Course Fees Banking
Minimum Fees | Maximum Fees | |||
---|---|---|---|---|
Private | Government | Private | Government | |
UG | ||||
PG | ||||
DOCTORAL | ||||
DIPLOMA |
Course Subjects
The course curriculum of the Banking course depends on many factors such as the type of institute, and level of education. Some of the subjects offered in the Banking course are Banking Laws, Financial Markets, Marketing of Financial Services, Commercial Bank Management and Principles of Finance.
Banking Syllabus for UG Courses
Banking courses are offered in various degree programmes at undergraduate level such as BBA, B.Com, and B.Voc. Some of the common subjects found in the course curriculum of the same are Principles of Accountancy, Financial Accounting, and Banking Law. In the table below we have mentioned the syllabus of Bharathidasan University.
Semester- I | |
Principles of Accountancy | Indian Financial System |
Business Management | |
Semester- II | |
Business Tools for Decision Making | Banking Theory Law and Practice |
Business Economics | - |
Semester- III | |
Financial Accounting | Co-Operative Banking |
Business Law | Banking Practices and Indian Banking System |
Semester- IV | |
Credit Management | Services Management |
Business Communication | Rural Banking or Elements of Insurance |
Semester- V | |
Corporate Accounting | E-Banking |
Computer Applications and Banks | Management Accounting |
Entrepreneurial Development or International Marketing | - |
Semester- VI | |
Financial Management | Income Tax Theory Law and Practice |
Financial Services | Foreign Exchange Management or Investment Banking |
Banking Syllabus for PG Courses
Banking courses are also offered at the postgraduate level in various degree programmes such as M.Com and PGDM. Some of the subjects are Practical Banking, Rural Banking, Advanced Financial Accounting, Banking Law and Bank Marketing. Mentioned below is the syllabus of Madurai Kamaraj University for their M.Com Banking course.
Semester- I | |
Practical Banking | Monetary Management |
Rural Banking | Advanced Financial Accounting |
Research Methodology | - |
Semester- II | |
Banking Law | Banking Management |
Advanced Financial Management | Corporate Accounting |
International Finance | - |
Semester- III | |
Bank Marketing | Merchant Banking |
Security Analysis and Portfolio Management | - |
Semester- IV | |
International Banking | Project Management |
Income Tax Theory Law and Practice | Banking Technology |
Customer Relationship Management | Financial Markets and Services |
Careers in Banking
Banking as a field gives many opportunities to students, they can pursue Banking courses like a BA in Banking. Various factors like digitisation of currency, government reforms, and more and more opening of banks and their branches have made the banking career desirable for a lot of individuals. Banking as a career gives chances to aspiring students from all subjects.
Job Profiles | Job Descriptions |
---|---|
Probationary Officers are professionals of a bank who look after public relations, monitor and regulate branch activities and tasks, address customer related issues and grievances, approve and monitor daily branch and customer transactions and handle loans. | |
Bank Clerk are professionals who deal with customers, receive and pay out money and many other day to day tasks. They also serves as the primary point of contact for most bank customers, administering most basic banking transactions and answering | |
Bank Managers are responsible for coordinating and directing the operational functions of the bank. They oversee front-office operations, provide high levels of customer service and direct regular team meetings and training sessions. They are the in-charge of the local branch of the bank. | |
Marketing analysts are professionals responsible for studying market conditions to assess the potential sales of products and services. Their duties include forecasting and monitoring sales trends, gathering consumer and competitor data, preparing reports for management and utilising statistical software for data analysis. |
Upcoming trends
The banking sector in India is witnessing a significant shift with the advent of new trends. The rise of digitisation and digital banking, coupled with the integration of emerging technologies like AI and API, is revolutionising the industry. Additionally, the standardisation of financial systems and the ability to capitalise on technology investments are shaping the future of banking.
Furthermore, banks are transitioning from transactional services to value-driven advisory services, reimagining customer relationships. This introduction will explore these trends and their potential impact on the banking landscape in India. Some of the upcoming trends in the Banking industry are:
- Digitisation
- Expanding Digital Banking
- AI and Emerging Technologies
- Customer Relationships
- Standardisation of Financial System
Certifications for Banking
Job Profiles and Top Recruiters
There are many areas where Banking graduates can work such as Banks, Financial Institutions, Government Sectors, and Large Firms and Organisations. Students can also prepare for banking exams conducted by various banks such as the State Bank of India ( SBI), and the Reserve Bank of India ( RBI). Mentioned below are some top recruiters in the field of Banking.
Top Recruiters:
- SBI
- Bank of Baroda
- Dena Bank
- RBI
- Indian Bank
- Bank of India
Average Salary
The average salary of a Banking course graduate depends on many factors such as the location of the company, type of bank, job profile applied by the candidate, and skills and experience of the candidate. Mentioned below are the salaries of some of the top career options in the field of Banking.
Job Profiles | Average Salary |
---|---|
Probationary Officer | Rs. 7 LPA |
Bank Clerk | Rs. 3.5 LPA |
Bank Manager | Rs. 9.6 LPA |
Marketing Analyst | Rs. 9.9 LPA |
Required Skillset for Banking
Banking is a field that requires dedication and hard work, therefore, candidates need to have certain skills to do well in this field. Some of the skills include Logical Skills, Financial Aptitude, and Sales and Negotiation. Mentioned below are the skills required by the candidates in the field of Banking.
- Good Communication Skills
- Sales and Negotiation
- Mathematical Skills
- Logical Skills
- Financial Aptitude
- Analytical Thinking
Course Curriculum for Banking
The course curriculum of banking primarily focuses on imparting knowledge about the financial sector and its functioning. It includes subjects like Financial Management, Commercial Bank Management, and International Banking and Forex Management. Students learn about banking laws, operations, and practices.
In addition, the curriculum also covers areas like investment banking, risk management, and insurance. It aims to equip students with the necessary skills to understand and solve problems related to banking and financial markets. This comprehensive curriculum prepares students for a wide range of roles in the banking sector.
Popular Banking Entrance Exams in India
Frequently Asked Questions (FAQs)
Question: What are some necessary skills that the candidates must have to do well in a Banking career?
Answer :
There are certain skills that the candidates must possess to perform well both academically and professionally in the field of Banking such as Good Communication skills, Sales and Negotiation, Logical Skills, Financial Aptitude and Analytical Thinking.
Question: What are the upcoming trends in the field of Banking?
Answer :
Some of the upcoming trends and topics in the Banking industry are Digitisation, Expanding Digital or E-Banking, AI and Emerging Technologies, Customer Relationship Management and Standardisation of the Financial System.
Question: Who is eligible for Banking course?
Answer :
The eligibility criteria for a Banking course vary depending on the level of education and type of institution. For an undergraduate course in Banking, the candidates need to have cleared their 10+2 education with a valid aggregate score. For a postgraduate course, they need to complete a Bachelor's degree in Banking or a related discipline with a valid minimum percentage score.
Question: What are the most popular career options in the field of Banking?
Answer :
There are many career options in the field of Banking, some of the top career options are Probationary Officer, Bank Clerk, Bank Manager, and Marketing Analyst.
Question: What is the average salary of a Banking graduate?
Answer :
The salary depends on many factors such as the location of the company, the education and experience of the candidate, and the job profile applied by the candidate. The average fee of a Bank Clerk is Rs. 3.5 LPA.
Question: What is the average course fees of a Banking course?
Answer :
The average course fees depend on the type of institution and the level of education. The average fee ranges from Rs. 19,500 to Rs. 2.09 Lakhs.
Question: What are the entrance examinations in the field of Banking?
Answer :
There are numerous banking entrance exams. Some of the most popular ones are SET, CUET UG, CUET PG, and NPAT.
Question: What are some top recruiting companies and Banks hiring the graduates?
Answer :
Some of the top recruiters are SBI, RBI, Indian Bank, Bank of Baroda and Canara Bank.
Question: What is the duration of Banking courses?
Answer :
The duration of a Banking course depends on the level of education. An undergraduate degree in Banking is generally for three years, and a postgraduate degree is for 2 years
Question: What are the degrees offered in Banking course?
Answer :
There are many degrees offered in the field of Banking such as BBA, B.Com, PGDM, and M.Com. Candidates are advised to check the eligibility criteria and the admission process of the desired degree programme in Banking.
Questions related to Banking
i need guidance of investment banking course
Hello aspirant,
One of the most well-liked specialisations in the finance industry is investment banking. The goal of many individuals with experience and graduates is to work as an investment banker. The most popular route to a career in investment banking is an MBA in finance, despite the fact that there is no dedicated education for this field. Candidates who wish to further their education might pursue an MBA in Investment Banking.
A course on investment banking is a highly specialised phrase in the finance industry that covers a number of topics including capital markets, banking, debiting, crediting, and loa ns.
To get complete information about investment banking course, you can visit our website by clicking on the link given below.
https://www.careers360.com/courses/investment-banking-course
Thank you
Hope this information helps you.
How do I start my banking studies? Please help me which books should I buy?
Hello aspirant,
Banking is one of the most flourishing sector of Indian society.
You can refer the following books for your study.
- Comprehensive Guide to SBI Bank PO Preliminary & Mains Exam (8th Edition) - Disha Experts
- Quantitative Aptitude for Competitive Examinations - R.S. Aggarwal
- A Modern Approach to Verbal and Non-Verbal Reasoning - R.S. Aggarwal
- Word Power Made Easy - Norman Lewis
- Analytical Reasoning - MK Pandey
- Banking Awareness - RPH Editorial Board
- Objective Question Bank of Computer Awareness for General Competitions - Arihant
Thank you
Hope this information helps you.
can I apply for govt exam like banking , railway for persuing bsms degree in niser
Hello Akhilesh
To pursue dual degree BSMS you will have to appear for entrance exam conducted by university or jee advanced.
Full form of BSMS is Bachelor of science- Master of science. It is a dual degree program in many disciplines of science. The degree MSBS is offered in four subjects - chemistry, Biological Sciences, Earth and Environmental Sciences, mathematics and physics.
Eligibility fot the degree is that the candidate must have passed class xii in science stream with minimum 50% marks.
We can say that It is integrated Bsc and MSc degree in which the candidate doesn't have to see various colleges for master's course.
The course awards both graduate and post graduate degree to the candidate.
It is five years Course.
NIER National institute of education and research , Bhubaneswar offers this course ,fees is 88,250 for Full course .
Other institutes offering the course are
IIT kanpur 1,36,900 per year
IISER 35,000 per semester
Indian Institute of science 18,950 per semester
For details you may visit the link given below
https://www.careers360.com/courses/bs-ms-dual-degree
I have 10 years experience in banking and want to get admission in online MBA. also I did M.CoM before my career started. please advise below take admission in MBA decision good or not. should I do master again Let me know Online MBA best college
Hello,
Yes, Definitely doing a MBA will improve your job profile and give you higher pakages as well has better exposure in different field of work and also involves in Management work which will lead to personal development. Here are some of the best online MBA Options
Amity University Online
NMIMS Global Access School for Continuing Education - Online
IGNOU
Bharathidasan University - Centre for Distance Education - MBA.
Hope this helps you,
Thank you
https://www.careers360.com/courses/online-mba
Sir I want to know whether Imarticus is genuine that claims to place you witj 100% gurantee for Investment Banking course.
Hello,
Telling you my experience i have done a course from IMARTICUS and it is really worth doing there. They also help us for placements but I did not attend it so I just found on my own. But they prepare you so well to attend the interviews for companies such as BARCLAYS, BNY MELLON, BNP,JP MORGAN, SOCIETY GENERALE, etc. The way they teach us are easily understandable and they also assess you. So its good worth it but its quite expensive as well.
Hope this helps you,
Thank you