All posts tagged MBA

MBA Education for Banking and Non-Banking Managerial Jobs

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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.

Visit us at: http://www.isbf.edu.in/ for more info on MBA and MBA Colleges and Finance courses.

Banking Graduate Schemes & Internships The New Way

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To secure a Graduate Role Or Internship In Banking And Finance Right Now, you will need to be at doing things differently to everybody else.

Right now, I see so much opportunity, in fact, unparalleled in comparison, but with as much frustration from people that are still doing things with old strategies.

I would like to give you an insight into offer attracting strategy.

I’ve been testing over the last few months on some of my private clients.

I think it is worth defining a strategy right now.

I’ve titled this article deliberately because words are powerful things and the way that you word things, especially on your CV’s, the way that you describe yourself at interview and in applications can be the difference between success and failure in Banking Graduate Schemes and Internships.

I’ve called this article ‘The art of offer attracting in banking and finance’ deliberately because offer attraction is the new way to secure careers in banking and finance.

Application is the old way.

Application is an old strategy, which is growing less and less effective. I’d like you to know that whatever result you are achieving in any aspect of your life right now, it is a function of two things.

One, your beliefs, and that’s not what this article is about.

Two is your strategy.

What I mean by strategy is that every single outcome and result you currently have, has a step by step set of actions that one can take in order to achieve the same result.

Many people don’t think of results like this, but for example, having a great relationship is a strategy.

There’s a step by step set of actions that one must take in order to have a great relationship

Being happy is a strategy.

That’s physiological and psychological states that one can tap into at any time.

Also, getting rejected from Banking and Finance Graduate Schemes is a strategy.

Wealth is definitely a strategy.

Wealth is a step by step set of actions that one can take in order to have complete abundance or complete scarcity, and a lot of people struggle with this one as well.

So what I would like for you to know is that anything that has been achieved is as a result of somebody’s strategy and you can compress decades into hours, minutes in some cases, by just finding those that have achieved the result you want and getting into the in-depths of the psychological and strategic strategy that they’re following.

Right now, people are receiving multiple offers in banking and finance as a result of the psychological and strategic strategy that they’re following. The goal of this article is to make you think what the exact strategy is that you are using.

And could this be the reason you may not be securing your ideal career in Banking and Finance, rather than just the tough market?

Have it be known, if your strategy is to distinguish yourself by achieving high academic results, doing an MBA and a Masters and then applying online for graduate schemes, you are doing things the old way, like the other tens of thousands of students and graduates experiencing hard times right now.

I would like to show you a new way, one that gets results right now…

Simon Dixon

Understanding Banking Better @ Ssbm

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Symbiosis School of Banking Management is one of the premier institutes located in Pune that is able to offer an in-depth analysis of the BFSI sector with its MBA in Banking Management program. Contrary to the regular Symbiosis MBA in Finance, SSBM focuses more on the concepts relevant to both banking and finance sector. The curriculum at SSBM is a fine balance of academics and extra-curricular activities that is able to give students the much needed grooming or training to become capable managers of the banking sector. In fact, Symbiosis Banking Management courses is one of the few programs in the country that has received an extremely positive feedback from the industry and in-spite of its relatively recent establishment, SSBM has fast grown to become a popular PG destination amongst students.
Organizing regular industry interactions so as to make the students aware of the latest developments along with inviting experts to share their opinions and experiences is one of the most religiously followed rules in the SSBM curriculum. In line with this tradition, SSBM will be organizing a special workshop on Mergers and Acquisitions in the second week of February 2013. The workshop will be conducted by Dr. Nilanjan Sen (Associate Dean, Nanyang Executive Education and Associate Professor, Banking and Finance, Nanyang Business School). With Mergers and Acquisitions happening on a daily basis, it is very important for the MBA in Banking Management students to do an in-depth analysis through such workshops.
The Symbiosis Banking Management program is a comprehensive approach towards understanding the BFSI sector. This workshop will help the students broaden their perspective and understand the functioning of the BFSI sector with regards to the latest developments in the industry. It is these distinctive features that put up SSBMs MBA in banking management program high on the preference list of students looking for options in their PG programs. In fact; hosting workshops, encouraging students to develop a proactive approach and even and learning through practical training are all an integral part of the Symbiosis Banking Management program in Pune.
The rigorous study routine is not the only part highlighted in the Symbiosis Banking Management program; SSBM balances academics with an equal dose of extra-curricular activities through its regularly organized events, creative clubs, etc where students are given an excellent platform to nurture their innate talents. This year the admissions 2013-2015 have yet again received an overwhelming response as millions of students aspiring to enter SSBM, have put forth their registrations.
This is just one of the many events organized by SSBM. Just recently, SSBM also organized a knowledge enhancing conclave with Mint-one of the leading newspapers of the country. Even during the coming year, SSBM has a series of interesting events lined up to create an interacting learning atmosphere for the students.
Currently the institute is looking forward to welcoming the new batch as they go ahead with the next round of group discussion and interview sessions. Applicants to SSBM can follow us onhttp://www.pagalguy.com/forums/xat-snap-iift-and-others/admission-2013-2015-at-ssbm-t-87968/p-3609268/r-4253981 for latest updates with regards to the Admissions 2013-2015.
We will be happy to assist you!

Career in Banking

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Career in banking had come a long way since the 1980s. It is now one of the most sought after career, especially for high-calibre accountants. This was also encouraged by the narrowing of the salary gap between banking career and other careers. Many of those who had opted for a career in banking was also looking at other benefits such as training and development, intellectual challenge, career mobility and the global industry. Besides, there also instances where those in the banking career had received a bonus of 100% of their base salary.

A survey conducted had also shown that those who had a career in banking derived a lot of satisfaction from their career. If you are seeking for a career in banking, you have to be prepared to work as part of a big organisation. You are expected to share your knowledge with international markets and other business units. A career in banking also require that you think out-of-the-box and to have lateral thinking. You are expected to have great analytical and numerical skills.

In the first few years of your career in banking, expect steep learning curve and be prepared for inter-department transfer and change of job functions. Because of its international business nature, a career in banking can be exciting. A bank can not do away with information technology.

The followings are the possible job functions that you can apply for in a career in banking:

Product Analysis Financial Control Equity and Fund Analysis Risk Management Projects Operational Risk Review Corporate Finance Credit Analyst Loan Officer Branch Manager Trust Officer Mortgage Banker

To be a good candidate for a career in banking, you need to have good people skills. In some job functions, having good writing and accounting skills are essential too. Strong work ethics are more important than good academic results. Recently, those with good marketing skills are well-sought after. As corporate investment is also in high demand, those with strong inclination towards investment also will rise in the rank in a career in banking. However, you need to be prepared to put in long hours in your banking career.

The followings are a summary of the levels of requirements for your career in banking:

People Skills – High Marketing Skills – High Communication Skills – High Analytical Skills – Moderate Creativity – Moderate Initiative – Moderate

When it comes to salary for banking career, the starting salaries in a commercial banking range from $24,000 to $38,000. Those with MBA qualification command a higher salary ranging from $30,000 to $50,000. A Department Manager with more than 10 years of experience can expect a salary of $100,000. A senior VP earns about $200,000. There are also those high-profile manager who earns up to $500,000 per annum.

What does the future holds for a career in banking? The banking industry is undergoing a period of consolidation. Hence, you have to expect mergers and acquisition. As far as consumer’s behaviour is concerned, many are switching to ATM and online banking. Marketing officers have to meet their client at their homes instead of expecting consumer to visit banks. Specialised banking are also growing and middle management is in great demand.

For those who are still in the midst of their career search, a career in banking may be an exciting choice.