You must have at least once visited a bank with your parents, wondering how boring it was but ironically bank these days, is a place where we all want to be. Working in a bank is a reputed job that brings in great reward and prestige. Banks are institutions responsible for various financial activities in both international and national economies. From loans and investments to corporate acquisitions and risk management within their wall, Bank Management professionals are responsible to administer all these duties. Working as a Bank Manager is a matter of responsibility than just a 9 to 5 job. Banking is an ever-expanding industry in this growing economy, and this guide is designed to help those interested in a career in Bank Management learn everything about this field of study.
Also Read: How to Make a Successful Career in Banking
This Blog Includes:
Understanding Bank Management
Bank Management is referred to as the phenomenon of handling the bank’s statutory processes and financial activities in order to generate more profit. Managing a bank includes maintaining several sectors such as assets, liabilities and liquidity. The program equips students with skills in banking operations, financial risk management, banking regulations, techniques of banking, treasury, customer relations and market analysis. It also tours students through the various sections of banking like Sales, Marketing, Services, Mobile Banking, Product Development, etc.
Who is a Bank Manager?
Bank Manager is a professional handling diverse banking activities along with managing the financial sector. A proficient Bank Manager has the ability to produce a maximum profit with minimal risks. In order to efficiently coordinate all the banking hustles, a Bank Manager is responsible for handling the following duties:
- Describing the bank’s behavioural change.
- Regulating the activities affecting financial services related to the bank.
- Handling risk management procedures according to the international financial systems.
- Assess the effect of change in risk management.
- Aligning with the costs and funding of the bank, while providing loans.
- Decision-making capabilities regarding banking investments.
- Balancing the relationship between bank performance and capital adequacy.
Also Read: How to Become a Bank Manager
Knowledge and Skills Required in Banking
If you aspire to be someone who has a stronghold in the banking industry, below are some of the areas that you need to master:[optin-monster-shortcode id=”xf2mlnjiouddzrshykdb”]
- Liquidity Management
- Bank Management
- Risk Management
- Management Control System
- Planning Quality
- Human Resource Management
- Credit Risk Management
- Currency and Interest Rate Management
- Managing Risk Liquidity and Profitability
- Proficiency Management in Strategic Analyses, Policy Development and Planning
Bank Management Disciplines
Below is table to list down various disciplines in Bank Management at both undergraduate and postgraduate level.
|Course Level||Disciplines in Bank Management|
|Undergraduate||1. Banking and Finance
2. Finance and Accounting
3. Management and Finance
4. Public Accounting
5. Accounting and Secretarial Studies
6. Accounting and Management
7. Accounting and Management Technology
8. Financial Management
|Postgraduate||1. Finance in Economics
4. Accounting and Finance
5. Quantitative Finance
6. Financial Service and Banking
7. Investment Management
8. Financial Risk Management
Top Universities and Colleges
If you aspire to build a career in banking, you’ll probably be wondering which Bank Management degree you should study. But what you might not have considered is which university or college to seek admission in. We have listed some of the renowned international institutes offering intensive courses in Finance and Bank Management:
- Stanford University
- Princeton University
- Ohio State University
- University of Bristol
- Macquarie University
- Swinburne University of Technology
- Nottingham Trent University
- Cardiff University
- Coventry University
- Massey University
- University of Glasgow
- Australian National University
- University of Essex
- The University of Queensland
Career Paths in Bank Management
After grabbing a degree in Bank Management, you can choose to work in various sectors under the following job profiles:
- Financial Analyst
- Financial Examiner
- Financial Manager
- Loan Officer
- Budget Analyst
- Investment Banker
In this era of modern technology where every sector including banking is switching to online medium, it becomes crucial for banks to hire professionals in Bank Management to effectively strategize and solve complex financial problems. You can also speak to our experts at Leverage Edu to get the best guidance on choosing the right university to pursue your dream career.