Private Banking Jobs Advantages Of Working In A Private Bank

In India, there are basically two types of banks-public and private. It is true that public banks come with their own share of merits. For instance, there are higher openings in public banks and the job is much more secure. The process of recruitment is also simple and not much challenging. Plus, it certainly gives the backward community a chance to gain recognition and status. However, private banking jobs come with their own set of advantages. More and more people these days are looking for jobs in a private bank. This is truer for the urban class and the educated community who are showing preference to jobs in private sector over jobs in public sector.

Here are some of the basic advantages that a private bank offers:
Better salary: The modern man is running after money. And its an undeniable fact that a private bank offers its employees a much better salary than a public bank. This is the chief reason why more and more people are hunting for jobs in private banks. In contrast, even though public banks give higher security, the salary is much lower. On the downside, there are very few vacancies in private banks. So, once you get a chance to sit for an exam or appear for an interview, you need to grab the opportunity with both hands and make sure that you are thoroughly prepared. Remember that more than your qualification, it is your confidence level and personality that matters.

Higher growth prospect: One of the chief complaints of people working in public banks is that they do not climb the ladder very fast. The growth prospect in a public bank is comparatively lower. On the other hand, in a private bank, a talented candidate can quickly make higher progress. Talent surely gets rewarded when you are working in a private bank. Higher wages and better positions await you there.

Fair treatment to all: Private banking jobs also do not suffer from the problem of quota system. Fair treatment and equal opportunity are proffered to every candidate. Thus, talent scores over caste distinction and this is where better candidates do not have to return disappointed.

MBA Education for Banking and Non-Banking Managerial Jobs

Business schools in many countries offer management courses tailored to full time, part-time, executive and distance learning MBA programs. Since MBA degree from any well-known institute not only offers recognition, but also a high salary package, a wide range of MBA programs are tailored with specialized concentrations like finance, marketing, accounting, information technology, human resource management and many other fields. In India, some MBA colleges offer post graduation diploma courses called PGDM programs which are approved by All India Council for Technical Education (AICTE). AITCE is an apex Indian government undertaking with a view to improve the qualitative technical education system throughout the country and regulate the norms and standards for planning the quantitative growth and matters connected therewith. Since the strength of any country’s economy lies in finance and banking sectors, the importance of MBAs in these sectors cannot be understated.

In India, all types of commercial banks, public sector banks, rural banks, foreign banks, private banks and urban co-operative banking institutions play a significant role in boosting the economy and financial position of the country. MBA degree is considered to be the foremost qualification which is required by these banking and financial institutions for their managerial level positions. MBA education in finance provides important knowledge about the financial skills and solutions for the issues relating to the domestic and international banking and services. Market analysis and cash management skills are two important areas which every MBA student must know how to handle. MBA with specialization in finance offers to learn a variety of subjects like costing, budgeting, corporate finance, international finance, investments, working capital finance and securities etc. MBAs pursuing their courses in finance can start their career in any investment firm or any banking institute as an associate manager. MBA in finance from top MBA colleges offers lucrative job placements from big companies and financial institutes. An MBA in finance has options to work with leading banks and non-banking institutions. He or she might have an option to work as a securities analyst or working with brokerage firms dealing in buying and selling of securities.

Degree of MBA in India from any reputed college is considered to be one of the most sought after degree aimed at providing high class management studies. Since the studies of marketing teaches about the art of selling products and services, MBAs has to analyze and assess the feasibility of products and services according to the market demand. They are required to introduce marketing strategies for marketing new products. They have to set marketing goals and have to work on branding, planning and adoption of promotional campaigns. In other words, marketing MBAs have to bring out new ideas and concepts which can help the companies and organizations to grow and prosper. Marketing MBA courses are designed to help inculcate good reasoning and problem solving skills which can help the individual to sell and market the products in difficult situations. MBA in marketing offers good pay-scale packages and jobs in this area are always in demand for all commercial, industrial and corporate sectors.

About Author: ISBF has been established to impart quality education with international recognition in the area of Economics, CFP, Management and MBA Education courses in India.

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Unlimited Features and Benefits of Mobile Banking

Banking sector is swinging in upward direction with fast embracing of technologies that are converting the way people transact. Banks are continuously involved in research and development to cater the budding needs of the common man. They are re-defining their strategies and gaining competitive advantage. They are taking initiatives in order to strategize, govern, execute, as well as optimize their operations and simplifying the transaction facilities for people. They are implementing mobile banking in almost all parts of the country to eliminate the hassle of people.

By implementing the concept of mobile banking, banks have substantially enhanced their productivity and cater the widest needs of the people. At the same time, they have dramatically improved processes and increased productivity. They are also exploring vital elements, as well as technologies that will enable and support their infrastructure in long run. This will enable SMEs and business houses to access banking services at any point of time.

Some of the elements that are underlined by the banks are:

1. Keeping abreast of the advanced explorations in payments technology
2. Assessing new responsibilities for the banking and financial services industry
3. Collaborating with emerging alternative payment providers

One thing that is broadly appreciated in banking industry is the mobile banking facility. It is the most widely celebrated technological platform that assists highest number of customers in minutes. It certainly helps a broad category of customers to go global and access distinguished, friendly banking services. They can securely access the most popular internet banking functions and banking technology from their smart phones or other high-end devices. Whether you’re on a holiday trip or anywhere you can conveniently access the services provided.

Brilliant and innovative features & benefits of mobile banking technology:

1. Check your account information
2. Make quick and secure money transfers
3. Pay to Mobile – Perfect way to pay someone
4. Collect payment
5. Overseas Transfers

In order to provide more convenience to the common people, banks and financial institutions are indulged in developing mobile apps so that people can easily access their services and gain substantial advantage. Banks are also giving sufficient flexibility to the SMEs, businesses and giant industries so that they can be benefitted through the unparallel features and assistance. Through these features, they can respond to the changing market demands as well as opportunities for shiny growth through mobile banking.

When it comes to constant innovation, banks take the lead role and define payments product in a more creative and secure manner. It eventually enhances customer experience by delivering easier, more transparent, efficient, reliable, sensible, friendly and convenient payment options. Banking and financial industries detail their future plans, risks, and opportunities, industry trends through banking technology conference or press conference events. About the Author:

FST Media produces the most successful banking technology conference, financial & insurance technology conference, roundtables and publications for the banking and finance, insurance and wealth management sectors across the Asia Pacific region. With management experience in conference production, journalism and business development, FST Media prides its reputation on unparalleled access to senior financial services executives.

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Introduction To Land Banking

Land banking has proved to be one of the most prominent pockets of investment these days. It is seen as an effective method of creating personal wealth. Statistics reveal that about 20% of the people in the UK are land owners and they have reaped substantial benefits of land banking. Until recent times, it was tough to take advantage of the method, but things have changed for the better as this mode of investment has been made accessible to a wider audience. Simply speaking, land banking involves land acquisition which does not include planning consent for expanding urbanization. The price of an open plot of land that is not susceptible to the pressures of urban development. Once urban expansion starts to grow, the price of the land shoots up.

Why should you invest in Land?

Investing in land is a sure shot way to reap substantial capital gains. That is because there is hope for the value of the plot to increase in the future. Since the property is real, the land that is put up for sale is tangible, visible and can be visited and treaded over. It is a finite resource and the secret of success to invest in a plot of land is to purchase a plot in a place where it is scarce and the economy is developing. With the growing economy, there should also be a growth of population which will make the premium price of the land to expand at a rapid rate.

Banking in land is a cheap technique of investment as compares to other investment patterns like property. The value of land keeps increasing on a regular basis in a lot of countries as often demand exceeds supply. Moreover, certain tracts of land also gain the planning permission to permit construction.

Bank in Land to Maximize your Profits

If you are to make money by investing in land, you need to make the investment at the right plot of land, at the right place and at the most opportune moment. Land grows in value with every succeeding year and this is why it is a good idea to invest. Equity markets, bonds, banks, jewelry, foreign currencies etc have their highs and lows, but land prices continue to rise without ever slowing down. Moreover, with the populations rising, there is an acute shortage of housing caused by life expectancy, immigration and rise of nuclear homes. Changing planning policies also engender the boost for residential development.