The banking industry is booming rapidly, both in India and abroad. As per reports, the banking sector will be enhanced by more than 10% by the end of 2025. Unlike the old times when the banking sector was restricted to only money-related matters, the modern banking industry has changed a lot. Modern professional management and proper managerial procedures are having a significant impact on the banking industry, thanks to different certificates in banking. In this blog, we will discuss about Certificate Courses in Banking.
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Why Choose a Career in Banking Sector?
Nowadays, pursuing a certificate in banking career will undoubtedly help you achieve huge professional growth. The banking sector is super attractive to young individuals. Here are the reasons why you need to choose a career in the banking sector:
Attractive Pay
If you compare the banking sector to other entry-level jobs in India and abroad, you will realize that the pay structure is more lucrative. Depending on the bank, your annual compensation will never cease to amaze you. As per recent reports, the basic salary of banking employees will increase by more than 10% soon.
Job Security
This is one of the most eye-catching reasons why you should focus on a certificate in banking. In the public sector, employees are always concerned about their job security. Apart from receiving respectable compensation, you will never have to worry about your future and career. Unless you do anything unethical, you won’t lose your job.
Leaves
When you work in the banking sector after completing your certificate in banking, you will be able to leverage the benefits of leaves. Unlike corporate employees, you will receive more leaves. This way you can maintain your work-life balance and build relationships with your family members.
List of Banking Courses
There are different types of certificate in banking courses available in the market. Depending on the previous qualification, a student can choose whatever they want. Apart from the diploma banking courses, you can also start pursuing banking courses after your 12th or graduation. Here’s a table that would help you know all the different types of banking courses.
Diploma Banking Courses (Short-time) | Bachelor’s Degree Courses Certificates (3-4 years) | Post-Graduation Banking Courses (Min 2 years) |
Graduate Certificate in Banking Security | BBA (Hons) Finance and Banking | MBA in Banking and Finance |
Graduate Diploma in Banking | BA in Banking and Finance | Masters in Finance |
Post Degree Diploma in Economics and Global Banking | BCom in Banking | PhD in Banking/Economics/ Accounting/ Management Studies |
Graduate Diploma in Banking and Finance Law | Bachelor of Business and Commerce | MBA in Global Banking and Finance |
Graduate Certificate of Finance and Banking | Bachelor of Business | PhD in Business Administration |
Diploma in Banking Services Management | BA in International Finance and Banking | M.Sc. in Finance Banking and Insurance |
Also Read: Scope of Banking Courses
Best International Colleges for Banking
If you’re planning to pursue your certificate in banking from abroad, there are a couple of the best universities that will guide you through a proper career path. Here’s a list of the universities you need to remember:
QS-Ranking 2022 | Overall Score | Name of the University | Name of the Course | Country | Fees |
1 | 97.5 | Oxford University | MSc Financial Economics | UK | GBP 22,000-INR 48,000 (INR 23 Lakhs- INR 48 Lakhs) |
2 | 95.7 | London Business School | MSc Financial Economics | UK | GBP 109,000 (INR 1.00 Crore) |
3 | 95.7 | MIT Sloan School of Management | Master of Finance | USA | USD 20,000 (INR 17 Lakhs) |
4 | 95.5 | HEC Paris | Master in International Finance | France | EURO 87,000 (INR 75 Lakhs) |
5 | 92.3 | Cambridge University | Master of Finance | UK | GBP 56,000 (INR 56 Lakhs) |
6 | 91.8 | Haas School of Business | Master of Financial Engineering | USA | USD 73,000 (INR 59 Lakhs) |
7 | 91.3 | Essec Business School | Master in Finance | France | EURO 22,000 (INR 19 Lakhs) |
8 | 91.3 | UCLA Anderson School of Management | Master of Financial Engineering | USA | USD 61,000 (INR 49 Lakhs) |
9 | 88.7 | London School of Economics | MSc Finance | UK | GBP 20,000 (INR 20 Lakhs) |
10 | 85.9 | Bocconi University | MSc in Finance | Italy | EURO 14,000 (INR 12 Lakhs) |
Banking Colleges in India
If you’re someone who wants to pursue your banking career at an Indian college, here’s a list of the best Indian banking colleges:
- IIM, Bangalore
- Jain University, Bangalore
- IIT. Madras
- K J Somaiya College of Arts & Commerce, Mumbai
- Symbiosis College of Arts & Commerce. Pune
Admission Process
This is one of the most important things you should remember while pursuing your certificate in banking. If you want to enrol at an Indian university, the admission process will be very different from the international universities. You need to go through extensive admission processes when you’re applying for international banking universities. On the other hand, applying to Indian banking universities is comparatively less daunting. However, you need to pass the banking exams.
Application Process
Choosing the perfect college for your certificate in banking is undoubtedly a hard task, especially when it will have a huge impact on your career. But when you contact Leverage Edu, we will be able to help you choose the perfect university as per your criteria. Here are the considerable steps:
- Choose an international university.
- Visit the Leverage Edu website for the requirements.
- Complete the application form and submit all the required documents.
- Once you receive the offer mail from the university, pay the tuition fees.
Eligibility Criteria
Diploma/Bachelors Courses | Master’s Courses |
10+2 education from a reputed university is required along with SAT score | UG degree with proper GPA along with GRE or GMAT score is required |
English Proficiency Tests such as TOEFL, IELTS, etc. | English Proficiency Tests such as TOEFL, IELTS, etc. |
Statement of Purpose and Letter of Recommendation | English Proficiency Tests such as TOEFL, IELTS, etc. |
Documents Required
While applying for Indian or international universities for your banking career, you need to ensure you’re submitting all the supporting documents. Don’t forget to go through this list:
- Graduation transcripts
- Post-graduation transcript if completed
- Evidence of citizenship (Passport)
- Name and contact details of two professional references.
- CV/ Resume (updated)
- Letter of Recommendation
- English Language Proficiency Test Score
- Statement of Purpose
Career Scope in Banking
As the banks are implementing technologies, there are different types of finance and banking jobs you can apply for. There are numerous scopes in the financial sectors such as investment, stocks, insurance, wealth management, funding, etc. If you want to achieve steady growth in your career, the banking sector will prove beneficial for you.
Job Prospects and Salaries
Levels & Years | USA | UK | Canada | Australia | India |
Analyst | USD 135,000- USD 200,000 (INR 1.1 Crore-INR 1.6 Crore) | GBP 80,000-GBP 110,000 (INR 80 Laksh- INR 1.1 Crore) | CAD 63,000 (INR 38 Lakhs) | AUD 130,000 (INR 72 Lakhs) | INR 11 Lakhs |
Associate | USD 180,000- USD 200,000 (INR 1.4 Crore-INR 1.6 Crore) | GBP 120,000-GBP 220,000 (INR 1.2 Crore-INR 2.2 Crore) | CAD 110,000 (INR 67 Lakhs) | AUD 150,000 (INR 83 Lakhs) | INR 19 Lakhs |
VP | USD 220,000-USD 400,000 (INR 1.7 Crore-INR 3.2 Crore) | GBP 250,000-GBP 350,000 (INR 2.5 Crore-INR 3.5 Crore) | CAD 140,000 (INR 85 Lakhs) | AUD 180,000 (INR 1 Crore) | INR 19 Lakhs- 56 Lakhs |
Director | USD 200,000-USD 10,000,000 (INR 1.6 Crore-INR 8.1 Crore) | More than GBP 1 Million (INR 10 Crores) | CAD 100,000 (INR 60 Lakhs) | AUD 220,000 (INR 1.2 Crore) | NA |
FAQs
The banking sector is undoubtedly a great career option in terms of growth and salary. You’ll receive numerous career opportunities that will help you move forward.
Even though there are different types of banking career options, financial analysts and accountants are the most profitable ones.
Bachelor’s in Finance and a Master’s in Accounting are the best banking degrees.
If you want to get into a high-ranked university, you’ll need more than just good grades; you’ll also need flawless application because the competition is fierce. You may enlist the assistance of Leverage Edu specialists to assist you with the application process so that you can realise your goals. Call us immediately at 1800 57 2000 for a free 30-minute counselling session