thanesh
what group i can join to study bank managing?
I am studying 12th arts with computer science. I am became an bank manager. #banking #india
5 answers
James Stickles
James’s Answer
Do you like being with customers/presenting to potential clients - loan broker, branch personnel/customer service.
Or, are you more a number cruncher, behind the scenes type of person - Financial/Credit Analyst, coding, mobile banking, cyber security
I started after I graduated with a finance degree.
I was hired into a management training program that had me work in may different areas in the bank: Branch, lending, back office, call center....
I then became a financial analyst, then a branch manager, than managing a few branches, then credit analyst.
Today, I sell financial products and services to banks for a large payments company.
Bottom line, there are many avenues and jobs in banking.
With that said, I would see about getting a entry level/part time job at a bank or branch bank to start while in school if you can. It will give a feeling of what banks are like and what they expect.
I know my US based payments company (clients are banks), along with many large banks have offices and employees in India. Doing everything from accounting, coding, call center, project management.... the list is long.
Close to 2,000 of my companies employees are based in your country. I would research these companies and see what types of jobs/positions they are looking for.
I interact with team members overseas a lot and they are some of the sharpest/brightest workers at my company.
Bottom line, I would look around at local and international banks doing business in your country and see what they want in employees. See if they offer internships.
Good luck
Gajanan Naik
Gajanan’s Answer
Hello there
Step 1: Earn a Bachelor's Degree
You need to possess a bachelor's degree in business administration, accounting, finance or a related major, according to the U.S. Bureau of Labor Statistics. Some employers may require a master's degree. Some universities offer a business administration degree that allows concentrations in areas such as accounting and finance, management and marketing, or information systems and operations management.
Step 2: Gain Banking Experience
Commercial banks offer different types of banking services including retail consumer banking, wholesale banking, corporate banking and institutional banking. Retail consumer banking is geared toward personal financial services for individuals and families and is the most familiar type of banking. Because banking experience is a key requirement, individuals at retail banks usually begin their careers as bank tellers, loan officers or mortgage officers before seeking advancement to assistant branch manager or branch manager positions.
Employers seek applicants with leadership and supervisory experience, a background in community involvement, good knowledge of state and federal banking regulations, an understanding of investment and loan products and excellent customer service skills. Budgeting, organizational and training skills were also desired.
Step 3: Seek Professional Credentials
While not required to work as a bank branch manager, earning a professional credential demonstrates your knowledge and skills in certain fields within banking. For example, an individual with a strong accounting background and qualified experience may consider becoming a Certified Public Accountant (CPA). Each state administers a CPA exam.
Another professional credential is the Certified Financial Planner (CFP) certification. The CFP credential, offered by the Certified Financial Planner Board of Standards, confirms your expertise in helping people solve their financial problems and meet their financial goals, which often include retirement planning.
Step 4: Consider a Graduate Degree
If you are seeking promotion, you may want pursue a master's degree in finance, economics or a related field of study. These programs allow you to focus on more theoretical studies and research in specializations such as financial analysis and management, risk management or economics. You may also learn about team management, data analysis, information systems management and strategic management.
A graduate degree may help you advance to positions like regional manager or regional vice president. A regional manager or vice president oversees a group of branch offices for a bank and serves as the executive in charge of growing assets for that group of branches.
Rebecca Tang
Rebecca’s Answer
I suggest your could try approach below :
1. Choose a major in the college that is relevant to banking, e.g. Accounting, Finance, Business, etc.
2. Study more on different banking segments and find out which one you are interested on
3. Identify intern opportunities offering by banks in the relevant segment you are interested on. As far as I know, banks may post the intern position online or they would do campus recruitment. Alternatively, you can also send your cv to the bank you are targeting to look for the opportunities proactively.
4. After your graduation, start working in the bank in the relevant segment
5. Take a MBA course on part time basis after working a couple of years. You can offer more management knowledge and establish people network. This could help you to move into a management role.
Hope this helps! Good Luck!
Sunanda Gopalakrishnan
Sunanda’s Answer
Banking sector is a large domain. You have to complete your graduation in either Arts or Science groups with Maths. There is also an exclusive B.Com Bank Management degree offered in some colleges. Your subject of graduation does not matter thought commerce related subjects would help you understand things better. After graduation, you have to apply for Clerical level or Probationary level exams conducted by banks. This is the starting point. Once you clear the exam and get into a bank, there is a career path that you have to travel to become a manager.
For taking up a banking career, you need to be good at Mathematics, and understand general economics.
Wish you good luck.
