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Each of the bank job or position demand a different degree based on the work associated with that position. In any case, a graduation degree is mandatory. Now in the current scenario, we find a routine where even the B-tech graduates or say postgraduates prefer a banking career mostly attracted by the perks of this job. Let’s check out the Best Degrees to choose for Banking Career in India. Pursuing a degree related to the job is an added benefit and gives you an edge over other aspirants.
Degree Courses in Banking
Initially let’s understand some basic degree courses that can be pursued after +2. Most of these are graduate courses spanning for a duration of 3 years. Towards the end, we also see the scope of postgraduates courses in this field.
1. BBA in Banking & Finance
Bachelor of Business Administration in Banking & Finance is an undergraduate Commerce course. Banking and Finance in the course of study of fundamentals and concepts used and practiced in the banking along with some finance sectors. This degree course basically covers the sectors of the basic concepts of management with specialized training in subjects such as International Banking and Finance, Treasury Operations, Risk Management, etc.
2. B.Com in Banking & Finance
B.Com (Banking and Finance) is a 3-year graduate course, eligibility to which is a (10 + 2) or equivalent examination in any board throughout the country. Students must have also studied and passed in any one of the subjects like accountancy/ Business studies/ Economics/ Mathematics at the intermediate level. The student should have also secured a minimum of 55% in the exam. The course provides basic knowledge in the field of banking and finance. The course offers the basics of banking, finance, regulations, Banking law, accounting, etc.
3. B.Com in Banking Management
B.Com Banking Management is a 3-year full-time undergraduate course divided into 6 semesters. Financial bankers who meet the required eligibility norms can take the exam needed to earn the Certified Mortgage Banker credential issued by the Mortgage Bankers Association. It also provides advanced lessons in Business Communication, Business Economics Paper, Environmental Studies, Accountancy & Financial Management, and Mathematical & Statistical Techniques.
4. B.Com in Banking & Insurance
Bachelor of Commerce in Banking & Insurance is an undergraduate Commerce course. The Degree covers the study of the concepts of Banking, Accounting, Banking Law, Insurance Law, and Insurance Risk & Insurance Regulations, etc.
5. BSc in Banking and Finance
B.Sc. Finance is a perfect course for those who want to pursue a career in Accountancy, Financial Management, Consulting, Investment Banking, or Risk Management. This course is also a perfect choice for those who want to pursue higher education in the field of Finance. With this course, students get an excellent grasp of some important concepts related to the field of finance.
6. MBA in Banking & Taxation
The postgraduate degree of Banking and Taxation provides combinational studies of business related to banking and taxation over two full-time years of study and is becoming more and more valuable day by day. In order to be eligible for admission to the master’s program of banking and taxation, it is important that the candidate has successfully passed his bachelor’s degree of at least two to four years where he or she has studied the subjects related to banking as well as taxation.
7. MBA in Banking & Finance
MBA in Banking and Finance is a 2-year full-time postgraduate banking course offered by various institutes in India. The basic eligibility to pursue this course is that the student should have a qualified bachelor’s degree in Banking or any equivalent degree with 55% of marks from a recognized university.
8. Ph.D. in Banking & Finance
Ph.D. in Banking and Finance is a Research level program, which is of 3-year duration. Students seeking admission to this course must hold a Master’s degree in relevant discipline or equivalent from a recognized university. On completion of a Ph.D. in Banking and Finance program, students can get jobs of various profiles such as Stockbroker, Analyst, Statistician, Credit Control Manager, Teacher/ Lecturer, etc.
Diploma Courses in Banking
As you all know, Diploma courses are mostly 6 months – 1-year short duration course. But in most cases, you might require a basic degree in addition to this. Still pursuing one among this would surely be a boon to your career.
1. Diploma in Banking and Finance
Diploma in Banking and Finance is a 1-year diploma level course that can be done right after class 12th. The course deals with all the basic aspects of banking and finance and trains students in the field of banking, finance, insurance, investment, risk management, computer application, IT, and more.
2. Diploma in Banking and Insurance
Diploma in Banking and Insurance is a Banking Diploma course. Banking, that is engaged in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit, etc. Second, Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. The time period of Diploma in Banking and Insurance is ranging from one academic year to three but it varies from institute to institute
3. Advance Diploma in Urban Co-operative Banking
To build professional competence and enhance decision-making skills in urban co-operative banks is the aim of this course.
4. Diploma in Banking Laws
Diploma in banking law is a one-year program and its objective is to enable aspirants to understand the banking system of India. The banking norms and rules in India keep changing with the changes in the economy and the stock market. Therefore, there is a requirement for candidates who understand the baking system and laws thoroughly. The program provides information and sessions regarding different aspects of banking through which a candidate can figure out the working of public, private, and corporate banks. The program can be very beneficial for candidates who want to foray into the baking, law, and financial consultancy sector. However, candidates will have to pursue other courses along with this program.
Some relevant Certificate Courses
- Post Graduate Certificate in Investment Banking
- Certificate Course in Banking
- Certificate Course in Banking Management
- Certificate Course in Patent Searching & Drafting
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