Job-oriented Programmes in Banking and Finance

Banking, Financial services and Insurance (BFSI) is the hottest sector in our service economy. There is a huge demand for the professionally qualified manpower for the banks, financial services organisations and insurance companies.

Despite the demand, there is supply side lack. BFSI organisations are able to find industry-ready candidates. This situation has necessitated certain banking companies to start institutes, which are aimed at producing industry-ready candidates.

The Institute of Finance, Banking and Insurance (IFBI) and Institute of Banking and Finance (IIBF) are a few example of this new trend. On successful completion of the programs in these institutes, the students are inducted into eminent banks and financial bodies like ICICI, HDFC, Axis Bank, HSBC Bank with reasonable pay packages.

What does the programs and certifications provide?
The students who pass out from colleges lack the knowledge to work in the conditions of bank and financial institutions. The programs and certifications specially designed to give inputs and exposure to the candidates to the operational processes and theory of and modern banking environment. The trained professionals will eventually be absorbed by banks and financial institutions up on successful completion of their courses.

Skill set required for jobs at BFSI sector
A candidate should posses following skills to fare well in BFSI sector:

1. Personality Skills –energetic, positive attitude, flexible, goal oriented, assertive.
2. Behavioral Skills – team work, taking initiative, problem solving.
3. Industry specific skills – strong communication skills, customer-interfacing skills.
4. Domain knowledge - knowledge of financial processes and products, and technology orientation.
   
   Job roles for the students
   The trained professionals get inducted in various functions such as branch banking, customer acquisitions (sales), front-office operations, back-office operations, wealth management, customer service, relationship management, phone-banking, claims examiners, auditors, insurance appraisers, insurance sales agents based on their aptitude and speiclisation.
   
   Institute of Finance, Banking and Insurance (IFBI)
   Established in 2006 by NIIT and ICICI, IFBI offers courses to through its 50+ education centers all over India. The institute runs exclusive programs suitable for banks like ICICI Bank, Axis Bank, HDFC Bank, IndusInd Bank, ING Vysya Bank, Karur Vysya Bank, HSBC Bank, Genpact India, among others. The eligibility and selection criteria for the programs vary according to the needs of the respective banks, and on successful completion of the program, the students are inducted into the banks for which the programs are designed.
   
   The programmes offered by IFBI:
   Post Graduate Diploma in Banking Operations is an exclusive program for ICICI Bank with a six-month classroom program with three month of internship.
   
   Post Graduate Diploma in Retail Banking is an exclusive career programme designed for Axis Bank. Upon successful completion of 4 month class-room training, the candidates will be qualified for the employment in Axis Bank.
   
   Post Graduate Diploma in Branch Banking is an exclusive career programme of Karur Vysya Bank. It is one-month full time programme leading to the role of Assistant Manager (Probation) in Officer Scale 1 Cadre.
   
   Post Graduate Diploma in Banking + is a four term programme where the successful students were recruited by leading banks and financial services organizations. The top five recruiters of IFBI students from 2012-13 programme were ICICI Bank, Axis Bank, Karur Vysya Bank, IndusInd Bank and City Union Bank.
   
   Diploma in Banking Sales is an exclusive programme for HSBC Bank. It is a 5-week full time residential programme where training at the NIIT University Campus, Neemrana, Rajasthan. The selected candidates will be appointed as Assistant Manager in the HSBC Bank.
   
   Certificate Course in Retail Banking Sales Management is an exclusive residential course for careers with ICICI bank. The program is a four-week residential course at NIIT University, Neemrana.
   
   NSE Certified Capital Market Professional is in collaboration with National Stock Exchange (NSE), is a 100 hours program, spanning over 3 – 4 months to develop skills and competency in securities markets. The successful candidates are awarded a joint certification from NSE and IFBI.
   
   Certificate in Insurance Sales is an exclusive career program for ICICI Prudential. The is a program of 11 working days, on successful completion, the student would be offered placement with ICICI Prudential as Associate Financial Services Manager.
   
   The Foundation Certificate in Banking is a short-term programme, which enables the student to polish his/ her skills for entering the banking industry. This is a 70-hour programme, which would be completed in 18 days.
   
   Global Finance and Accounting (Reconciliations) Programme is an exclusive certificate program for Genpact India. Upon successful completion of the 5 weeks program, the students would be absorbed as Process Associates on the rolls of Genpact.
   
   For more details on the programmes, the students may visit the following website: www.ifbi.com/
   
   Institute of Banking and Finance (IIBF)
   The Indian Institute of Banking and Finance (IIBF) is a professional body of banks, financial institutions and their employees that offers courses in distance mode for students who are interested in the BSFI sector. The Institute offers diploma and certification courses in about 20 specialized areas. IIBF has collaboration with (i) Indira Gandhi National Open University (IGNOU) for offering MBA in Banking & Finance; (ii) Punjab National Bank Institute of Information Technology (PNBIIT) for an Advanced Diploma in Banking Technology. Indian Banks Association (IBA) has approved Diploma in Banking and Finance examination conducted by IIBF as a desirable qualification along with other prescribed entry-level qualification for recruitment in banks.
   
   Diploma and Certificate Courses offered by IIBF:
   Diplomas in Banking and Finance:
   
   • Specialised Post Graduate Diploma Courses Diploma in Treasury, Investment and Risk Management
   • Diploma in Banking Technology
   • Diploma in International Banking and Finance
   • Diploma in Urban Co-operative Bank
   • Diploma in Commodity Derivatives for Bankers
   • Diploma for Micro Finance Professionals in collaboration with Sa-Dhan
   • Advanced Wealth Management Course
   • Diploma in Home Loan Advising
     
   Specialised Certificate Courses
   
   • Certificate in Trade Finance
   • Certified Information System Banker
   • Certificate in Anti-Money Laundering / Know Your Customer
   • Certificate in Quantitative Methods for Bankers
   • Certificate in Credit Cards for Bankers
   • Certificate Examination in Banking Oriented Paper in Hindi
   • Certificate Examination in SME Finance for Bankers
   • Certificate Examination in Customer Service & Banking Codes and Standards
   • Certificate Examination in Basics of Banking / Credit Cards for employee of IT Companies
   • Certificate Course for Business Correspondents / Business Facilitators
   • Certificate Examination for Debt Recovery Agents
   For more details of the programs visit the following website: www.iibf.org.in/

Published date : 02 Sep 2013 01:23PM