After amplification of globalization finance and banking industry is on boom at present. Many researchers have concluded that future will remain upgrading with increase in job openings. Number of private, public and commercial banks are generating lots of employment opportunities for job seekers. Finance graduates with high level knowledge and skills can now find a chance to work at higher posts with handsome salary. But this was not the case few years back. Due to recession many big nations were suffering from economic crash and their financial positions were collapsed. There was decline in employment opportunities for banking jobs. Many international banks have begun cutting jobs and trimming workforce. Now situation is twisted; tons of job opening are attracting finance graduates to apply for finance jobs in banks. There are different career positions to raise your career graph to reach highest peak. You are allowed to grow and have promotions with your abilities and skills. Several banking jobs include probationary officer, clerk, cashier, loan officer, financial analyst etc. These posts are filled with job seekers having required skills and qualifications. Here are some jobs explained below: Most commonly known person in bank is a cashier also known as teller. Teller is a key person who performs various tasks but popularly known as a person playing with cash. They ought to deal with cash and payment to customers after money withdrawal. Customers are served with information on behalf of organization by customer service representatives. They introduce banks’ products and services and solve queries asked by clients. Accountants and information clerks collect, process and store data and information and maintain records. They used to provide clerical and administrative information as per requirement to other officers or to clients. There are receptionists who maintain traffic in bank. They act as helpers for people coming to bank. They guide customers about counters, account information, policies, loans etc. They help people in need and direct them to a person whom they should meet to solve their queries. Major positions are held by financial analysts, loan officers. Financial analysts evaluate financial data, study past trends and suggest ways of investment to business persons with regards to banking services. Loan officers assess current business or property, authorize it and sanction amount of loan to individuals or businesses in conjunction with approval of payment returns. There are others who work for banks such as auditors check financial records for accuracy and suggest likely changes on account of its prosperity. Owing to computers and internet technology bank transactions have become fast and up to date. Electronic data recording and transactions aid to save a lot of time and efforts. This leads to increase in job opening for skilled employees in banks. All these taken into account brings to an end that there are numerous banking jobs for fresher as well as experts. You just need to grab employment opportunity by applying for it and enhance your career. Rohit Irabatti is the author of this article. He has wide knowledge of overseas jobs and work abroad. He also has a keen interest in writing stuff for job related topics. He has written various articles on Banking jobs .
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Considering the growing demand of proficient professionals and experts for Islamic Finance Industry, Academy for International Modern Studies or AIMS launched an internationally accredited Online MBA Degree in Islamic Banking and Finance. The objective of this MBA program is to produce highly competent executives, who are well qualified and practiced, not only with the Islamic Banking and Finance subjects; but also other professional areas, required for the successful business administration and management. The MBA program comprise of 12 graduate courses and a Thesis in Islamic Finance. There are total 36 credit hours are awarded on the completion of this MBA program. This degree program is ideal for (i) Professionals seeking career enhancement, (ii) Bankers seeking career growth, and (iii) Students looking for a bright future in fastest growing financial sector.
This Online MBA in Islamic Banking and Finance Degree is affiliated with Pebble Hills University, which is fully accredited by the International Commission for Higher Education. This institution provides professional quality control mechanism for Colleges and Universities’ standards. Their Accreditation gives a public record of your learning that will be widely accepted by employers, professional associations, by other colleges and universities, and recognized internationally. AIMS and Pebble Hills University has International Offices in many countries, including: United States of America, Canada, United Kingdom, South Africa, Kuwait, Lebanon, Qatar, Saudi Arabia, Syria, United Arab Emirates, Hong Kong, India, Malaysia, China, Singapore, Egypt, Pakistan, Argentina, Iran, Jordan, Bangladesh, Nepal, Jamaica, Ghana, Kenya, Malawi, Mauritius, Morocco and Nigeria.
Muslims worldwide are directed to avoid certain types of banking products and investments due to the involvement of Riba/Interest and they are more interested in dealing with Islamic Banks for Riba-free banking products. The demands of Islamic banking and Islamic insurance products have been increased in past few years and these products and services are being introduced by well-known financial institutions. In addition to that, large numbers of new Islamic financial institutions are being introduced internationally, who requires qualified human resources for the proper execution of Islamic Financial system, within their organizations.
Academy for International Modern Studies (AIMS) is an Islamic Banking and Finance institution, based in Chatham, United Kingdom. AIMS’ main objective is to facilitate individuals to become expert Islamic finance professionals and companies to establish better Islamic financial system. AIMS has made a significant contribution in Islamic Finance Industry. Over the years it has maintained a purposeful mission of promoting industry professionalism and best practices in Islamic Banking and Finance industry through research, consultancy, product development, corporate trainings, seminars, workshops and publications. AIMS also offers several online certifications in Islamic Finance, Islamic Banking and Islamic Insurance.
Educational programs at AIMS are designed and facilitated by renowned Islamic Banking and Insurance Sharia Advisors and Product Development Managers. These scholars are working in renowned Islamic Financial Institutions. Study material is updated on regular basis to make sure that the graduates are well trained in implementing and managing Islamic Financial products and services. The updated study material prepares graduates to work with the most upto date products and services in Islamic Banking and Finance sector. AIMS Degree and Certification is globally acceptable, which makes it possible for our graduates to easily find better job opportunities internationally.
Whether you do a regular course or a diploma course, once the course is complete, you can start looking for jobs in both the public sector as well as the private sector. Banks regularly advertise jobs in newspapers and employment weeklies. The Reserve Bank of India and other nationalized banks hire banking professionals in clerical positions and Grade A and Grade B officers. There is a preliminary test held for these posts after which the candidates are selected for interview and discussion. Government banks hire banking graduates as Probationary Officers. There are other fields of banking too where jobs are available for banking graduates. These include Merchant Banking, Investment Banking, Treasury and Forex Department, Department and Foreign Exchange, etc. In private banks, the scope is even wider with banks hiring on positions such as credit control managers, corporate banking executives, relationship managers and customer care executives.
Outside India also, job opportunities for banking graduates are tremendous. Many international banks hire qualified professionals for various profiles on competitive salaries. Foreign banks operating from India also hire banking graduates. Thus, banking courses have become very popular in the recent past and more and more students are opting for such courses. They open up an array of opportunities for young graduates willing to make career in this lucrative field.
Investment banking is a widely accepted phenomenon presently, the major reason being expert advice provided at every step you need to take. Financial giants take the responsibility of making sure your money grows avoiding the risk of down fall. Today every person at some point or the other thinks about investing some amount of money in the stock market. A major worry of all these people is the uncertainty; investment banking beats these blues and offers best possible investment advice to its customers.
A major chunk of people involved in investment banking do not have the time to keep an eye on the ever changing markets and track their returns. In such cases arises the need for investment banking services. These companies do all the hard work of market research and analysis and advice investors on where to put their money for maximum returns. This also depends upon the amount of money the person is willing to investment.
There are many sectors in which investment banking is being carried out, few of them include retail healthcare, insurance and automobiles. Another emerging trend in this banking is that of equity investments. Equity investment banking is based on the dividends of the existing shares an individual holds. There are expert advisors who guide the movement of funds here as well so that there are no last moment disappointing surprises.
When it comes to investing money not all have the perfect knack hence it is always good to seek help of an expert investment banking company or equity investment banking services. Money after all is a crucial issue and you would always want to see it grow systematically. Another advantage of investment experts is they help you understand the market well. You get to know where your money is going and the reason behind it too. These services do come with at some extra cost but are sure to give you peaceful night sleeps and not make check the stock market prices every now and then. Let the experts do their job so that you can relax and reap the benefits.
Choosing the right financial advisor is also important in such cases. Also reading the fine print before finalizing anything is advised as there are many terms and conditions that come along with investment banking. You can take reviews of family members, friends, colleagues etc in deciding which and choose. There are numerous financial institutions and each one of them is offering investment banking services due to its rising demand.
With ever-so-incrementing competition and fierce global expansion, the banking and financial services scenario has been swinging directionally. Today, banking and financial institutions are differentiating themselves on the basis of their broad range of techno-infused services provided. Banks are collaboratively assimilating technological advancements for becoming better service provider in the industry. They are significantly combining regulations and modern financial instruments to offer better opportunities to businesses in order to reduce operational pressures. On the other hand of fulcrum, global customers want highly reliable, figurative, transformational and personalized services to fulfill their appetite.
Banks need to develop financial compliance reports as well as diligent monitoring tools that can provide accurate insights fulfill growing customer demands and balk illegal activities. Today, on broader perspectives, banking and financial institutions are vying to meet these demands and are exerting their efforts in reducing escalating costs and controlling risks. However, success is near, as banks have finally decided to protect their data from illegal use. In fact, they are busy in creating banking intelligence system, which can offer complete insight for better and tangible decision making process. Today, most of the forward-thinking financial institutions are unfolding their potential to embrace technological trends and at the same time developing robust financial instruments that can enhance profitability, minimize risk, simplify online transactions and achieve competitive advantage.
Unquestionably, the acceleration of technological breakthrough and propulsive digitization has overtaken the traditional banking methods. This has speed-up the degree of online transaction, online transfer, bill payment and complete e commerce in the community. It results in broadening of the horizon of banks and allowed them to focus on phone banking, web banking, mobile banking and social media networks. The instant proliferation in the technological advancement has made banks and financial institutions a body of never-ceasing service provider. In fact, the adoption of online banking is more likely to continue to climb for the consistent rise in economies.
Banking analysts are also deeply thinking about discovering key technology priorities; streamlining customer interactions and optimizing data management in order to better inform and embrace banking technology decisions. It has contributed to customer satisfaction as an IT leader. This will directly impact front line interactions with the customers and help banking and financial institutions to think critically.
In this environment, financial institutions are managing to deliver best of banking practices, invaluable assistance, support services, reliable financial products and above all easy-to-use functionality for the business houses. This will not only help them attaining market share, but also leads to successful ethical digital transformation. This vivid transformation dramatically help businesses, institutions and industries to have full scale vision for expansion, growth, new project development, fresh venture and/or diversification. This will certainly help banking and financial industries to develop immunity to the emerging recession and financial crunch.