Introduction to Banking Courses in India

The minute the word banking comes to the mind it is obvious for anyone to imagine money. We are in a fastly growing world where money plays an important role in our day to day life. It would be a great wonder if anyone can lead a life without money. 

Importance of money is the same as the requirement of air around us, but money is imaginary and storable likewise air is non-imaginary and everywhere. The requirement of money is obvious in the activity of our everyday life.   

The article Banking courses after 12th, consist of more details on banking courses after 12th. You can directly jump to any of the topics listed below.

  1. Importance of Banking
  2. Banking Courses in India
    1. Undergraduate Courses
    2. Postgraduate Courses
    3. Diploma Courses
    4. Certificate Courses
    5. Career Prospects
      1. Job Profiles
        1. Consultant
        2. Assistant Manager
        3. Bank Manager
        4. PO (Probationary Officer)
        5. Clerk
    6. Top Colleges for Banking Courses in India
    7. Banking Jobs Salary

Importance of Banking

With the help of a bank or a banker, regular people will inculcate the habit of saving which will benefit them on a personal level as well as the economy. Savings will help in the long run and ensure that people have sufficient amount of money to help them in an emergency situation.

  • The deposits made by the people into the bank will be mobilized and given as a loan to the ones who are planning or setting up an industry or are planning on capitalizing the funds available which will help in the development of the economy.

  • The development of technology has helped the banking sector as well. Most of the transactions today can be done online and safety is ensured as well. From transferring huge amounts of funds across the borders to the payment of utility bills, all can be done through the phone.

  • The agricultural industry is supported by banks through methods of loans and provision of more interests on the deposits.

  • The monetary policies of the government can be easily implemented on the nation by changing the interest rates on loans and deposits in the bank. 


Banking Courses in India

Here is a list of banking courses available to students after 12th.

Undergraduate Courses

Here is a list of the undergraduate banking courses after 12th:

  • Bachelor of Business Administration in Banking and Finance
  • Bachelor of Business Administration in Banking
  • Bachelor of Commerce in Banking and Finance
  • Bachelor of Commerce in Banking and Insurance
  • Bachelor of Commerce in Banking Management
  • Bachelor of Commerce in Honours in Banking and Insurance
  • Bachelor of Science in Banking and Finance

Bachelor of Business Administration in Banking and Finance

Bachelor of Business Administration is an undergraduate course that equips students with the fundamental concepts used in the banking and financial sectors. It looks into the basic concepts of banking and finance with exceptional training in subjects such as International Banking and Finance, Risk Management, Treasury Options, Investment Banking, among a few. 

Eligible are those who have completed their 10+2 from any recognized board of the country.

Duration of the course is 3 years.

Average fee range is INR 10,000 to 5 Lakhs

Bachelor of Business Administration in Banking

A Bachelor of Business Administration (BBA) in Banking program will provide students with the skills required to work in the retail sector, commercial sector or private banking. Students develop management and analytical skills and learn to work with varied financial tools and services, such as regulatory agencies and global markets. Students can be candidates looking to enter the banking field having a high school diploma and analytical skills or they could be professionals who already hold a position such as a bank teller and are looking to advance in their careers in their respective fields. Those looking to continue their education can further complete a master's degree.

Eligible are those who have completed their 10+2 from any recognized board of the country.

 Duration of the course is 3 years

Average fee range is INR 10,000 to 9 Lakhs

Bachelor of Commerce in Banking and Finance

Bachelor of Commerce in Banking and Finance is an undergraduate course which covers the concepts of Banking, Accounting, Insurance Law and Banking Law, among a few others. Apart from a general study in commerce, the principal focus is on the systematic study of subjects pertaining to the fields of banking and finance.

Eligible are those who have completed their 10+2 from any recognized board of the country.

Duration of the course is 3 years

Average fee range is INR 15,000 to 3 Lakhs

Bachelor of Commerce in Banking and Insurance

Bachelor of Commerce in Banking and Insurance is designed to train professionals who can handle and operate efficiently in the Banking and Insurance environment in the financial service sector. The 3-year course covers the concepts of Banking, Accounting, Insurance Law and Banking Law, among a few others. Apart from a general study in commerce, the principal focus is on the systematic study of subjects pertaining to the fields of banking and finance.

Eligible are those who have completed their 10+2 from any recognized board of the country.

Duration of the course is 3 years

Average fee range is INR 14,000 to 10 Lakhs

Bachelor of Commerce in Banking Management

Bachelor of Commerce in Banking Management is a course that aims at training professions at Banking Management which serves as a financial intermediary. It may be provided on a part-time basis by certain institutions.

Eligible are those who have completed their 10+2 from any recognized board of the country.

Duration of the course is 3 years

Average fee range is INR 14,000 to 10 Lakhs

Bachelor of Commerce in Honours in Banking and Insurance

Bachelor of Commerce in Honours in Banking and Insurance is a 4-year course which prepares professionals to work in the areas of Banking and also Insurance. This includes all basic knowledge. Apart from a general study in commerce, the principal focus is on the systematic study of subjects pertaining to the fields of banking and Insurance.

Eligible are those who have completed their 10+2 from any recognized board of the country.

Duration of the course is 4 years

Average fee range is INR 50,000

Bachelor of Science in Banking and Finance

Bachelor of Science in Banking and Finance or B.sc in Banking and Finance is a 3-year course that aims at providing students with a knowledge of how financial institutions and intermediaries operate; and the structure and functioning of financial markets, both on the domestic and international levels.

Eligible are those who have completed their 10+2 from any recognized board of the country.

Duration of the course is 3 years

Average fee range is INR 15,000 to 10 Lakhs

Post-Graduate Courses

Following are the Post-Graduate Courses available in India:

  • Master of Business Administration in Banking and Finance
  • Master of Commerce in Bank Management
  • Master of Commerce in Banking and Finance
  • Master of Commerce in Banking and Insurance Management
  • Doctor of Philosophy in Banking and FInance

Master of Business Administration in Banking and Finance

Master of Business Administration in Banking and Finance is a post-graduate course and is one of the most sought after.  The duration of M.B.A in Banking and Finance is generally a two-year program but this may differ from institute to institute, some even providing a part-time course.

Eligibility for the course: Bachelor's Degree from any stream

Duration of the course is 2 year

Approximate fee range is INR 10,000 to 5 Lakhs

Master of Commerce in Bank Management

Master of Commerce in Bank Management or M.com in Bank Management is a post-graduate course. Banking Management program provides students with skills necessary to take up a leadership role in the finance industry. This course equips students with a general management perspective and also introduces them to the latest practices related to the functional areas of Bank Management.

Eligibility for the course: Bachelor's Degree in Commerce with an aggregate of minimum 45%

Duration of the course is 2 year

Approximate fee range is INR 2 Lakhs to 5 Lakhs

Master of Commerce in Banking and Finance

Master of Commerce in Banking and Finance or M.com in Banking and Finance is a banking course that studies banking, finance, banking laws and financial management. Students enrolling for this course must have strong analytical skills and mathematical skills. These skills play a vital role in the banking and financial lines, investment banking included.

Eligibility for the course is a Bachelor's Degree in Commerce or Graduation (Honours) in Economics/Management with an aggregate of minimum 45%.

Duration of the course is 2 year

Approximate fee range is INR 90,000 to 6 Lakhs

Master of Commerce in Banking and Insurance Management

Students enrolling for this Post Graduate banking course covers the concepts of Banking, Banking Law, Insurance, Insurance Risks, and Insurance Law, amongst other subjects. The course is career-oriented in nature, focusing on a systematic study of specialized concepts of Banking and Insurance. 

Eligibility for the course is a Bachelor's Degree in Commerce or Graduation (Honours) in Economics/ Accountancy/Management  with an aggregate of minimum 45%

Duration of the course is 2 years 

Approximate fee range is INR 10,000 to 3 Lakhs

Doctor of Philosophy in Banking and FInance

Doctor of Philosophy in Banking and Finance or Ph.D. in Banking and Finance is a Research level program. This program is of a 3-year duration. Students enrolling for this course must hold a Master’s degree in a relevant discipline or equivalent from a recognized university of the country. Admission to this program is granted on the basis of Merit in the entrance examination conducted by the particular college or university followed by a Personal Interview.

Duration of the program is 3 years.

Approximate fee range is INR 50,000 to 1,60,000

Diploma Courses in Banking

Here is a list of Diploma Courses available to students:

  • Diploma in Banking Management
  • Diploma in Banking Laws
  • Diploma in Banking and Finance
  • Post-Graduate Diploma in Banking
  • Post-Graduate Diploma in Bank Management
  • Post-Graduate Diploma in Banking and Financial Management

Diploma in Banking Management

Diploma in Banking Management studies various activities such as providing credit, deposits, savings, global financial markets and other aspects.

Eligible are those who have completed their 10+2 in the field of commerce.

Duration of the course is 1 year

Approximate fee range is INR 7000 to 44,000

Diploma in Banking Laws

Diploma in Banking Laws aims at enabling candidates to understand the banking system of India. The banking norms and rules in India are subject to change and are constantly varying with the changes in the economy and the stock market. Hence, there is always a requirement for candidates who understand the banking system and laws thoroughly.

Eligible are those who have completed their 10+2 in the field of commerce.

Duration of the course is 1 year

Approximate fee range is INR 10,000

Diploma in Banking and Finance

Students having a good understanding of mathematics and understand the literature and skills required for investment banking can benefit from this course. In addition, candidates having good communication and interpersonal skills are considered suitable for this course.

Eligible are those who have completed their 10+2 in the field of commerce.

Duration of the course is 1 year.

Approximate fee range is INR 7,000 to 44,000.

Post-Graduate Diploma in Banking

Students who intend to pursue a Banking program and are interested in gaining knowledge regarding all the fundamentals of Banking are well-suited for this program. This course helps in providing an operational knowledge of banking to professionals and also helps in bringing reforms to the Banking sector of the country. With the help of this course, students will be able to become successful Bankers in the future.

Eligible are those who have completed their 10+2 in the field of commerce.

Duration of the course is 1 year.

Approximate fee range is INR 5,000 to INR 85,000.

Post-Graduate Diploma in Bank Management

Students interested in pursuing PGD in Bank Management [PGDBM] can become successful Financial Analysts, Banking Officers, Credit Analysts, a Banking executive, among other professional careers. The course is beneficial for students who wish to make their careers in the banking sector. This program prepares the students to become successful in their lives and earn handsome salaries. 

Eligible are those who have completed their 10+2 in the field of commerce.

Duration of the course is 2 years.

Approximate fee range is INR 15,000 to 4 Lakhs.

Post-Graduate Diploma in Banking and Financial Management

Post- Graduate Diploma in Banking and Financial Management provides students with a comprehensive understanding of operational aspects of banking and finance. It emphasizes on the contemporary practices like Micro Finance and global perspectives of banking and financial management.

Eligible are those who have completed their 10+2 in the field of commerce.

Duration of the course is 1 year.

Approximate fee range is INR 5,000 to 4 Lakhs.

Certificate Courses in Banking

Certificate Courses are available to students. Some of them are listed below:

  • Certificate course in Banking

  • Certificate in Health Insurance

  • Certificate in General Insurance

  • Certificate in Telebanking

  • Certificate in Investment Banking

  • Certificate in Banking and Sales Management
  • Post-Graduate Certificate in Banking and Insurance

  • Post-Graduate Certificate in Investment Banking 

Career In Banking After 12th

A career in the field of banking is very rewarding and is inclusive of a lot of perks like paid leaves, health insurance, etc. You can enter into the field of finance just by completing a certification course as well. After the completion of your course, you can go into different fields of banking such as personal banking, commercial banking, and investment banking. Most of the bank select their employees on an entrance test, especially the State Bank of India.

Job Profiles

After the completion of banking courses, the following are some of the job profiles available to students.

IT Officer

IT Officers in the banking sector are recruited at various branches of banks wherever there is a requirement. They take care of the Data Centre, which is the main part of banks in which the data and core banking applications are saved. These IT officers take up the responsibility of maintaining and supporting this data center, so that it remains functional 24x7, without any malfunction.

IT Officers also need to look after the banking software that is installed in the banks in which officers and clerical cadres are working on a daily basis. They need to troubleshoot any communication or software issues that arise in these computers while working. Also, the ATM section of the banks is also handled by the IT officers. They are responsible for the smooth functioning of the ATM machines and need to repair any disputes in the machine with immediate effect. Along with different types of banking software like Finacle, FLEXCUBE, BanCS, and SAP, they need to work on the hardware parts in the banks as well. 

Consultant

A bank sales consultant is sometimes called a financial services sales agent and works directly with potential customers to determine their financial viability and sell them varied financial services. 

Consultants need to be familiar with their bank's offered checking or savings accounts, mortgages, or securities portfolios in order to deduce which would best fit the prospective customer.

Many bank sales consultants interact with their customers face-to-face on a walk-in basis.

Market Analyst

As a marketing analyst, one must gather client information and examine current buying trends to create sustainable marketing plans for companies. One of your primary duties in this career is to design a number of surveys that identify client preferences and prospective markets for products. Market analysts are required to conduct these surveys over the phone, on the Internet, through the mail, and also in focus groups. A marketing analyst usually oversees a team that helps with the surveying process. Once this research has been completed, you must evaluate the feedback and organize it into reports for company use. You'll also advise your employer on what products will be most beneficial to produce, as well as on the design, distribution, and promotion of these products. With the information provided by a Market Analyst, the employer is able to target the most profitable markets in order to generate the maximum amount of revenue possible.

Sales Executive

A sales manager in a bank is responsible for selling bank products to its retail clients or customers. They can be involved in the selling of Credit Cards, Bancassurance (meaning, insurance provided by banks), CASA (Current Account, Savings Account) and other financial products and services. 

Professionals with excellent communication skills are preferred for this job. 

Loan Officer

The position of a Loan Officer is also called  Mortgage Officer and is not to be confused with that of a Mortgage Broker. Loan Officers gauge if a potential borrower can be qualified for a loan. Most often, they are hired by banks, but they may also work with other types of financial institutions. Their job includes evaluating the potential risks of granting loans to applicants. A Loan Officer must be able to analyze complex data- this includes financial records and statistical information, regarding the applicant’s capacity to make full repayment of the credit in question. They are in charge of determining the interest rates of credit and the expected time for payment.

Insurance Officer

Insurance officer positions are available with an insurance agency, financial agency, or insurance department of a firm. An insurance officer is responsible for performing a mix of an operational and supervisory role. Specific duties of an insurance officer include training and guiding insurance agents or associates. They are responsible for ensuring that the best customer service is delivered to the client; meeting customers; up-selling and cross-selling insurance products; handling administrative issues in their domain; assisting the insurance manager in everyday tasks; mentoring agents; filling up policy requisition forms; taking care of administrative issues in absence of insurance manager; handling customer inquiries and performing several other tasks. An insurance officer is required to report to an insurance manager. 
An insurance officer must have an associate's degree or a bachelor's degree. Excellent academic credentials are essential. Several years of experience in an insurance environment may be essential.

Customer Care Executive

A Customer Service Executive handles the responsibility of answering calls professionally in order to provide information regarding products and services of the bank and to obtain details of complaints. Another major part of their job includes keeping records of customer interactions and transactions, recording details of inquiries, complaints, and comments, as well as actions taken by the department. Customer Care Executives are expected to process orders, forms, and applications. They also follow up to ensure that appropriate actions have been taken on customers' requests, and those that have not been resolved must be referred as unresolved customer grievances or special requests to designated departments for further investigation.

Assistant Manager

As the Assistant Manager in a bank, your role would be to help oversee the running of an entire branch or a number of small branches and act as a support system for the manager that you report to. On top of working with staff, Assistant Managers will be looking after business and individual customer accounts. It’s their job to keep all regulations and policies in order and maintain good customer relationships. You’d also be one of the first sources of contact for customer disputes and would have to answer a number of more complex queries.

Bank Manager

As a bank manager, you will oversee the running of one or more branches and be responsible for meeting tough sales targets and keeping your staff fully trained and motivated.

There’s always plenty to do in this job, and your duties will include promoting and marketing the branch and its products, meeting with customers and resolving any problems or complaints, ensuring there’s a high level of customer service, monitoring sales targets and reporting these details to head office.

PO (Probationary Officer)

A bank probationary officer post is the entry-level position at which a bank officer starts work after posting. It is considered a lucrative white-collar job. Typically, a bank PO undergoes a 2 year probation period or training and once the training is completed, gets the post of Assistant Manager on joining a branch. The normal prospect of this job is general banking and bank administration; however, bank Probationary Officers are expected to possess excellent communication skills and the ability to resolve conflicts in a calm and composed.

Clerk

Clerical records must be handled with the utmost care and are kept for every action carried out within the bank, from a cheque being cashed to a loan being taken out. Your role as a bank clerk means you’re responsible for maintaining these records, depending on your specialist field.

As a bank clerk, you could be posted into one of the following:

  • Interest clerk: Recording the interest owed to saving accounts customers and interest owed to the bank from loans and other investments.
  • Loan clerk: Recording and organizing the loan information.
  • Statement clerk: Preparing all the monthly balance sheets of checking account customers.
  • Exchange clerks: Working on international accounts, translating the foreign currency into pounds, sterling and vice versa.
  • Security clerk: Recording, filing and looking after stocks, bonds, and other investment documents.
  • Bookkeeping clerk: Taking care of all records for each customer’s account.

Top Colleges for Banking Courses in India

This list is designed to give you an idea of top colleges in the country for pursuing Banking Courses.

  • St. Andrew’s College of Arts, Science and Commerce, Mumbai

  • Symbiosis College of Arts and Commerce, [SCAC] Pune

  • HR College of Commerce and Economics, Mumbai

  • Ethiraj College for Women, Chennai

  • Jai Hind College, Mumbai

  • Lala Lajpat Rai Institute of Management, [LLIM] Mumbai

  • The New College, [TNC] Chennai

  • National Post-Graduate College, [NPGC] Lucknow

  • DAV Velankar College of Commerce, [DAVVCC] Solapur

  • The University of Rajasthan, [UR] Jaipur 

Banking Jobs Salary 

Let's look at the facts you need to know regarding the salary of professionals working in the banking and financial sector. The salary of an entry-level employee in the banking sector starts from Rs.15,000/-. There is a good chance of a rise in the income depending on the quality of work done and the number of years on-the-job.

The table below gives you an overview of the salary of different job designations.

Banking Jobs Salary
Designation Approximate Salary (per month)
Bank Manager  INR 57,300
Assistant Manager INR 37,000
Market Analyst INR 28,600
IT Officer INR 23,000
Probationary Officer INR 23,000
Clerk INR 11,000
  • Other factors that might affect the salary are:

    • Education Qualifications

    • Area of specialization

    • The department of work (like loans, credits, cash, etc)

    • Job location

    • Job post



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