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Career as a Banker: Courses, After 12th, Eligibility, Steps, Types, Abroad, Jobs, Scope, Salary 2023

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Ahana Bhaduri

Senior Content Specialist

A banker’s main job is to help and advise their clients with various financial issues, assist them invest in funds that suit their demands and authorize loans. The basic eligibility criteria required to become a banker varies across their position and job requirement. The general eligibility criteria that is applicable across all positions is that, candidates must clear their class 12th board exams from a recognized board, in any stream, preferably Commerce, along with a Bachelor’s degree in any Commerce related subjects. 

In order to make a career as a Banker, aspiring candidates can pursue various Diploma, Undergraduate or Postgraduate Banking Courses or Management Courses from any of the Top Management Colleges across the country. Bankers are recommended to start preparing for Common Aptitude Test (CAT), which gives students access to good B-schools for higher studies like MBA and establishing a career in banking. There are also several other government and private banking entrance exams conducted by different banks all over India for recruitment. Check: MBA Banking and Finance

Apart from the above mentioned courses, a banker should at least have a minimum educational qualification of bachelor’s degree in Business, Finance, Economics, or any other relevant Commerce subjects. Students are offered internships in various banks for a specific time period. Internships help aspiring bankers to gain experience and knowledge in the field which proves beneficial for the future. Read More: MBA Finance

A banker’s salary varies across positions and relevant years of experience gained. The average starting salary of a Banker in India is between INR 4 LPA – INR 6 LPA, which can go up to INR 10 LPA with growth and experience. In general, the average salary of a Banker depends on the Banker’s Job that they are associated with. A cashier is responsible for collecting and dispersing cash, on the other hand an Investment Banker guides and advices customers to invest their cash in various policies and mutual funds that would benefit them in the years to come. Read More: Salary of a Banker

Career as a Banker: Quick Facts

Industry Banking and Finance
Eligibility

Candidates mustcomplete10+2 from a recognized board with a minimum aggregate of 50% or above in any discipline but preference will be given to those belonging to commerce stream.

They must then pursue graduation and preferably postgraduation in Commerce related subejcts.

Top Recruiters Standard Chartered Bank, State Bank of India, Reserve Bank of India, HDFC Bank, HSBC Bank, IDFC Bank, Indusind Bank, Bank of Baroda
Related Industries Public Sector Banks, Private Banks, Financial Institutions, Multinational Banks, Rural Banks
Required Skills Problem Solving Skills, Mathematical Knowledge, Time Management, Leadership, Multi Tasking skills, Analyze Data, Client Service, 
Average Starting Salary INR 3.75 LPA
Highest Salary INR 23 LPA

Eligibility to Become a Banker

A banker is someone who is engaged in the business of collecting and receiving someone else’s money in the form of deposit which is later to be returned on demand, discounting the other person’s notes and issuing his/her own for circulation. Though the eligibility criteria vary from one bank to another, some of the basic eligibility criteria that must be followed in order to become a Banker are listed below for your reference.

Investment Banker Eligibility

  1. Candidates must clear class 12 board exams from a recognised board with a minimum aggregate marks of 55% or other equivalent score
  2. Must have completed their graduation in B.Com or B.A. Economics from  a recognised University / College with minimum 50% aggregate marks or equivalent CGPA
  3. Having an MBA degree in Finance or Banking, would be an added points for those who are aspiring to become a Banker
  4. The minimum age criteria for candidates aspiring to make their career as a banker should be more than 17 years

Reserve Bank of India – Banker Eligibility

  1. Candidates must clear their class 12 board exam from a recognised board with a minimum score of 60% aggregate marks or equivalent CGPA
  2. They must have a relevant bachelors degree in Statistics, Economics or Mathematics from a recognised University / College
  3. Candidates must have a Masters degree in Statistics or Economics with a minimum score of 65% aggregate marks or equivalent CGPA
  4. The next step is to clear and have a valid score in the RBI – DESAC & DEPAC test. The eligibility to appear for DESAC or DEPAC test includes, having a masters degree in Statistics or Economics from a recognised college with a minimum score of 65%. Candidates pursuing PhD or with PhD qualifications are preferred. 
  5. The minimum age limit for appearing in these exams is from 21 – 30 years

Read More: What does a Banker do

Types of Bankers 

There are several job roles for a banker. One can choose their job role according to their skills and area of interest. Some of the most popular job roles for a banker are given below. Read More: Types of Bankers

Investment Bankers

Definition Investment Bankers are expert professionals who combine their knowledge of finance and analytical skills to help the organization in raising capital by making investments in areas beneficial for the company such as mergers and acquisitions etc. For being an Investment Banker, candidates are required to possess some strong analytical skills, research and analysis, presentation skills etc
Average Annual Salary INR 8.80 LPA

Merchant Bankers

Definition Merchant Banker is a professional who provides assistance in subscription of securities. They play a very important role in in determining the private placement of securities, managing public issue of securities, stock broking, international financial advisory services etc.,
Average Annual Salary INR 12 LPA

Branch Managers

Definition A Branch Manager is an employee whose work includes overseeing the operations of Banks or Financial Institution. They are also responsible for managing resources and staff, developing sales goal and achieving it, customer services etc
Average Annual Salary INR 6.50 LPA

Probationary Officers

Definition Probationary Officers are responsible for performing various banking activities including finance, billing, accounting, investment, marketing etc. They are also responsible for handling customer transactions and handling customer queries.
Average Annual Salary INR 6.00 LPA

Steps to Become a Banker

A good career in banking requires certain decisions that a student should wisely make. Some vital steps that an aspiring banker should follow are given below.

  1. Complete Senior Secondary: To get into the banking industry, it is mandatory for candidates to complete 10+2 from a recognized board in any stream but in certain cases candidates from Commerce background who studies Mathematics, Statistics and Accountancy are given a preference over the rest. These subjects can help one learn the practical understanding of the job of a banker
  2. Earn Bachelor's Degree: Candidates are required to pursue bachelor’s degree in Business Management, Finance, Economics, Financial Management etc. These courses will provide candidates with the basic ideaof risk management, corporate financing, accounting, compliance, financial regulations etc.
  3. Appear for Competitive Exams: Many of the government banks require the candidate to appear and clear the competitive exam such as IBPS PO, IBPS SO, Grade B Officer by RBI, etc. Private banks also hire on the basis of exams and also campus recruitment .
  4. Pursue Master’s Degree: However, it is not mandatory but it would be preferable for the candidate to pursue a master's program such as MBA which is the most valuable degree when the candidate wants to pursue a career in Banking. This will provide candidates with both practical and theoretical aspects of the job role.
  5. Complete Internship: Internships play a very important role in any career. It helps candidates understand the job role better. Many of the banks require the candidate to have some working knowledge. Banking internships last from 3 months to two years. Internship help gain useful knowledge and get enough exposure etc.

Career as a Banker in India 

The Indian economic sector has made a lot of improvement in recent years and hence, the need for good bankers has increased even more. Banking as a career is a very profitable profession in India and here are few ways in which this career can be easily secure. 

  • School level preparation: Students should opt for subjects with combinations of Commerce related disciplines like Economics, Business Studies, Mathematics, Accountancy, etc. They should know how to handle databases and spreadsheets. They should consider getting a diploma certificate in high school which can help them in establishing themselves as personal bankers soon.

Career as a Banker After Class 12th

Inorder to become a banker, it is very important to build yourself from the ground level. If someone decides to take up banking as their professional career then the practise for the same should start at a very early age. Students aspiring to become bankers should preferably choose Subjects, related to the field of commerce like Mathematics, Accounting, Finance, Marketing, Economics etc. They should start preparing for various banking entrance tests or should prepare for various MBA Entrance Exams such as CAT, MAT, XAT, SNAP, NMAT etc.

  • Graduation: Students should acquire a Bachelor’s degree in subjects like Banking, Finance, Business Studies, Management, Economics, Accounting, and other commerce-related courses for better future opportunities in this field. Students coming from other streams with degrees in Mathematics, Physics, Engineering, Computer Science, Information Technology, Financial engineering, Corporate/ Business Law, and others are also open to apply for this career. Students should prepare for CAT and other entrance exams for banking from the UG level itself to get into top B-schools for higher education.
  • PG Preparation: Most good banking jobs also seek PG qualification of candidates. hence it is necessary to get a master’s degree in a relevant field after graduation. The best choice is to get an MBA in Banking and Finance. Other popular PG courses include M. Com in Banking and finance, PGDM in Banking management, PGDM in banking and Financial services, PG Diploma Courses in Banking and Banking Operations, and Advanced Certificate Courses in Commercial Banking or laws and Loan Management.

Banking Courses

There are several courses that can be pursued in order to become a Banker. Apart from several Banking Courses, students aspiring to become career as a banker can also pursue certifications for the same.

Some of the top courses that can be pursued in order to become a Banker are listed below for your reference,

Some of the top Banking Entrance Exams are mentioned below, 

SBI PO RBI PO
IBPS PO RBI Grade 'B' Officer
NABARD Grade 'A' and 'B' Officer IBPS RRB
SBI SO SBI clerk

The dates of some of the most popular banking exams are listed below:

Exam Name Registration Date (Tentative)
IBPS PO  1st week of August – 3rd week of August, 2023
SBI SO June 2023
IBPS RRB July 2023
SBI Clerk 3rd week of April – 3rd week of May, 2023
SBI PO April 2023
IBPS SO 2023 To be Announced
IBPS Clerk  1st week of September – 3rd week of September, 2023
IDBI Bank Executives 1st week of August – 4th week of August, 2023
IDBI Bank Assistant Manager June 3 – 17, 2023
RBI Assistant 2023 January – February, 2023
RBI Grade B Officer January 2023

Related Courses for Banking 

Apart from the popular courses in Banking, Commerce, and Finance, there are also a number of related courses and diploma courses that aspiring bankers can study to sit for exams and to apply for top jobs in banks. Some of these courses are listed below: 

PGDM in Banking and Finance  Actuarial Science
NSE PGP in Investment Banking and Capital Markets BSE in Banking and Finance
Career as a Banker Abroad 

Banking is a very popular job for people even abroad, or for Indians who want to settle abroad. Some details about the steps an aspiring Banker outside India should follow are mentioned below.

United Kingdom (UK) 

A number of people become Investment bankers in the UK. An aspiring banker in the UK needs to hold a Bachelor's and associate degrees in either finance, economics, business, or any other discipline in the relevant field. Professional certification is required from a UK-based firm and minimum work experience in a UK-based bank. Besides these, they must have the required qualities and skills of a proficient banker. 

USA and Canada 

For a banking job in these countries, a minimum of 4 years of bank job experience is required at an Indian Bank. They should have at least 4 certifications. Some top job opportunities are Prime Banks like Barclays, Bank of America, JP Morgan Chase, Standard Chartered, etc. Job agents can be consulted in the USA and Canada and eligible candidates can acquire positions in International banks. Also, fresh students with no experience can crack the GMAT and go for studying MBA programs in top colleges of the US and Canada. College placements in such top institutions offer jobs in MNC banks and other premier banks.

South Africa 

An undergraduate degree in Commerce is essential for applying to any good bank in South Africa. There are a number of top universities where students get their degrees and then settle for top banks in SA. Some disciplines beneficial for banking there are Statistics, Economics, Finance, Accounting, Engineering, Law, applied mathematics among others. Top banks include FNB, FirstRand, Standard Bank Group, Barclays Africa Group, and many more.

For any banker aspiring to work abroad, it is important to apply for PR (Permanent Residence) in the desired country. This is an absolutely essential step and needs to be done ahead of applying for the job.

Pros & Cons of Becoming a Banker

The positive and negative aspects of becoming a banker are tabulated below for your reference,

Pros of becoming a Banker Cons of becoming a Banker
The responsibility of safeguarding the Public wealth If not working for a stable banking organization, there are chances of losing your job if the bank goes bankrupt
Working for banks will entail a banker with facilities like getting loans at cheaper rate compared to other non bankers Risk of fraud and robberies
Propellant of an economy Risk of public debt
Advantages of making career abroad -
Responsibility for the development in rural areas -

Skills Required to Become a Banker

There are a set of skills that are sought in a banker or any student aspiring to be a banker. Some of them are tabulated below

Problem Solving & Analytical Skills Numerical Skills & aptitude
Good Communication Skills Visionary skills & ability to look into depth
Time Management Ability Leadership Qualities
Proactive & Positive attitude Good interpersonal and team coordination skills
Multi tasking skills Ability to work under pressure

Top Recruiters for Bankers 

Some of the top recruiters in India for a banker are listed below along with the positions they are recruited in: 

State Bank of India- SBI PO, SBI Clerk. Reserve Bank of India- RBI Grade-B Officer, RBI assistant
National Bank for Agriculture and Rural Development- Nabard Development Assistant, Nabard Grade A & B officer Institute of Banking Personnel Selection- IBPS PO, IBPS RRB Clerk, IBPS RRB PO, IBPS CLERK

There are also a number of top insurance companies listed below that recruit bakers for good job roles, 

Kotak Mahindra Life Insurance Co. Ltd. SBI Life Insurance Co. Ltd.
HDFC Standard Life Insurance Co. Ltd. ICICI Prudential Life Insurance Co. Ltd.
Max Life Insurance Co. Ltd. TATA AIA Life Insurance Co. Ltd.
PNB MetLife India Insurance Co. Ltd. Exide Life Insurance Co. Ltd.

Salary of a Banker

Banking is undoubtedly one of the highest-paid and most prestigious careers. The salary range varies from position to position and also across different banks. There are factors like a banker’s experience, skills, and growth over time that determine their salary.

A banker’s salary ranges from INR 10,900 per month (minimum average salary) to INR 71,300 per month (maximum average salary) in the start of their career. It goes up to INR 10 lakhs per annum with growth and experience.

The national average salary for banking and finance in a year is considered to be INR 3,86,394. An estimate of the yearly average salary for a banker is given in the table below:

Lowest Annual Salary Average Annual Salary Highest Annual Salary
INR 2 L INR 3 L – 4 L INR 21 L – 24 L

In the following table, the average salaries across some popular posts in a banker’s career are listed:

Job Position of a Banker Average Monthly Salary (INR)
Locator 18,974
Business Development Executive 12,257
Data Entry Clerk 26,591
Bank Office Executive 17,179
Computer Operator 15,352
Receptionist 12,000
Sales representative 23,660
Stocker 23,212
Personal Banking representative 18,974
Manager 58,971

Salary Structure Comparison between ICICI Bank & HDFC Bank 

Below mentioned table will give us a brief idea about the salary structure of two of the top most banking organizations in India, ICICI Bank & HDFC Bank for various designations,

Designations ICICI Bank Salary (INR) HDFC Bank Salary (INR)
Deputy Manager 4.67 LPA 5.73 LPA
Relationship Manager 4.72 LPA 6.09 LPA
Wealth Manager 7.81 LPA 4.20 LPA
Cashier 3.46 LPA 4.52 LPA

Career as a Banker: FAQs

Ques: Is it compulsory for a student to have an MBA degree to get a career in Banking?

Ans: It is not compulsory to get an MBA degree for banking as a career, but it is definitely recommended for a student to get an MBA degree after graduation if they wish to get a good career in banking. Banks prefer MBA students during recruitments and it also helps them with various entrance exams.

Ques: What are some topics included in Bank PO, SO, and Clerical exams?

Ans: Some general topics included in the syllabus of Bank PO, SO, and Clerical exams are Logical Reasoning, Quantitative Aptitude, Daily Current affairs, Banking Awareness, Verbal Ability, and Static GK among others.

Ques: Is CFA more beneficial than an MBA or M. Com?

Ans: Degrees like M. Com, MBA, or M.A. Economics in postgraduation level are beneficial for an aspiring banker and helps them to get good jobs. However, Chief Financial Analyst (CFA) is a course globally recognized and helps students to get to know about banking better. Hence, CFA has greater weightage.

Ques: Is SBI PO better than IBPS PO?

Ans: Both IBPS PO and SBI PO have equal benefits and prestige. Both have secure and high salaries and offer additional benefits. However, SBI PO has more work pressure than IBPS PO, but they also have more frequent transfers to foreign places, unlike rural postings and low promotions in IBPS PO.

Ques: Is banking a good course and career?

Ans: Banking is a very prospective course and career in the modern-day as the economics and markets of the country are rapidly changing. Bankers are in great demand among marketers, financers, traders, and are treated with great respect.

Ques: What are some top colleges in India that offer Commerce, Banking and Finance courses?

Ans: There are many colleges that offer good commerce and banking courses like Amity University, Alliance University, Loyola College, St. Xavier’s College, St. Joseph’s College of Commerce, Shri Ram College, Hansraj College, and many more.

Ques: What are some subjects offered by the bachelor’s program in Banking and Insurance?

Ans: Some subjects offered by the bachelor’s program in Banking and Insurance are Micro Economics, Equity Debt, Effective Banking Communication, Taxation of Financial Services, and many more.

Ques: How much does it cost on average to build a career in banking?

Ans: Bachelor’s degree for a banking career requires INR 10,000 to INR 100,000 across colleges. Private institutions may charge INR 1 to 2 lakhs for Diploma courses. The fees for Master’s degrees usually range between INR 50,000 to INR 7 lakhs depending on the type of college.

Ques: Is banking a viable career choice to settle abroad?

Ans: Yes, bankers are often posted to foreign places. Also, their CAT and GMAT scores after graduation allow them to apply for banking courses outside the country.

Ques: What are some perks enjoyed by a banker?

Ans: A well-experienced banker from a reputed bank enjoys perks like Life Insurance, Free Holidays, Transportation Facility, Accommodation, Cash Bonus, Retirement Compensation, etc.

Ask your question

Answered Questions

DC

Dhruv Chatterjee

25 Jan 23

IMT Ghaziabad offers a variety of courses that cater to various specializations. These courses have been listed and explained in their order of preference

  • PGDM Marketing/PGDM Full Time (Marketing): This is the most coveted program among IMT students mainly because today its alumni have acquired top positions in big firms. Other major reasons include top-notch faculty, great internship and placement opportunities in terms of role and CTC, IMT’s eligibility, and excellent performances in recognized marketing and strategy B Schools competitions.
  • PGDM Finance/PGDM Full Time (Finance): This one is most suitable for aspirants who are interested in Finance. However, this program offers lesser opportunities than the Marketing program in terms of role and CTC. 
  • PGDM Full Time (Operations): This program offers opportunities similar to that of Finance. But the batch size of PGDM Operations is smaller than PGDM Finance, so it may be easier to secure an internship/final placement, but the opportunities come less compared to Finance.
  • PGDM DCP: DCP or the Dual Country Program is for those who are keen to get international exposure. Compared to an MBA from a foreign university, this program is cheaper and yet offers an opportunity to explore a different culture and learn to make decisions in an international context. This is best suitable for those who are in the Marketing domain.
  • PGDM Banking and Financial Services (PGDM-BFS): This program was launched in 2019 and is relatively newer. It targets the core Banking and Finance sector. While the MBA program aims to provide a holistic view of management, this program solely focuses on Banking and Finance.
  • PGDM Full Time (HR): This is the least taken course and offers very less in terms of opportunities.

The courses have been arranged preference-wise so will make it easy for you to choose one.

...Show More

YG

Yash Gupta

22 Feb 23

If you go to the official website and compare the placement reports, MDI Gurgaon fares better than IIM Kozhikode. Let’s have a look at the placement statistics of the 2 B Schools.


 

Particulars 

MDI

IIM Kozhikode 

Number of Recruiters 

87

116

Highest CTC

INR 1.14 CPA

INR 61.5 LPA

Average CTC

INR 26.65 LPA

INR 29.5 LPA

Top Recruiters 

Microsoft, Google, HCL, Adobe

Accenture, Amazon, Microsoft

The best finance companies that offer roles like Equity Research Analyst roles, and Securities analysis visit both the B Schools. But the higher number of companies visiting MDI Gurgaon gives it a slight advantage over IIM Kozhikode. Yet I think both MDI Gurgaon and IIM-K are almost equal in terms of giving you the opportunity of getting an Equity Research Analyst role. If I was in your place I would have chosen MDI Gurgaon because of the following factors

  • Location
  • Infrastructure 
  • The industry-academia relationship
  • Live Projects
  • Guest Lectures
  • Corporate Talks
  • Peer learning
...Show More

RP

Rajan Patel

03 Mar 23

I can speak with certainty that PGDM at LBSIM is a far better option than PGDM in Financial services at IMI Delhi. My brother is a recent pass out from LBSIM and the following highlight of the institute are based on his personal experiences 

  • The IIRF ranks LBSIM 25th among private colleges
  • It has a spectacular ROI in terms of placements and fees
  • LBSIM is famous for its student culture
  • You can get an insight into various angles of the industry you will be dealing with in the future 
  • You can avail an abundance of opportunities through live projects and get to have a detailed experience in your specialization.
  • The institute prioritizes a practical approach over theoretical knowledge through academic activities outside the classroom
  • Various academic and non-academic clubs make the environment a friendly one 
  • The institute boasts of a 100% placement record
  • It has an elaborate alumni network that is spread across top companies like Big Four’s, Arcesium, Marsh & Mclennan, Asian Paints, Crisil
  • LBSIM collaborates with various international universities for its student exchange program. Some of them include Nanyang Technological University, Singapore, Northern Illinois University, USA, European Higher School of Economics and Management, Bulgaria etc.
  • A unique feature of the B School is its Bloomberg Terminal which is restricted to the top B Schools like IIM B, IIM C, and FMS only.

All these points clearly state that LBSIM is a very good choice for a PGDM program.

...Show More

AK

Aditya Kwatra

03 Mar 23

I am certain that if I had been in your place I would have opted for TAPMI PGDM over IMI Delhi PGDM. I even have a friend who recently joined this program and is very happy with her decision so I have more assurance in this regard.

TAPMI is well recognized not only in India but abroad as well, especially in the Middle East. I know many colleagues from my last workplace who relocated to the Middle East and other foreign countries after graduating from TAPMI.

The infrastructure and campus are very beautiful, unlike the NCR campus which is hot and congested. Delhi is suitable only if you are interested in Sales roles. Else for specialization in Finance and Banking TAPMI is the best choice one can make. Some companies that visited the campus during placements are

  • Deloitte
  • Bajaj
  • CRISIL
  • Fincare
  • HDFC Bank
  • Invesco

I think TAPMI is the best option if you are looking for a sales role in a Finance company.

...Show More

AS

Amay Singh

03 Mar 23

PGDM BFS is a viable option if you are keen about numbers and finance in general. PGDM core and PGDM BFS rarely has a major difference in curriculum except that marketing subjects of BFS would be less intriguing and the major pedagogy is directed towards marketing of finance products and services only.

A PGDM core student is open to a plethora of opportunities during placements as he is eligible to appear for companies offering marketing and sales profiles. On the contrary, a PGDM BFS student has been exposed to a customized curriculum that focuses mainly on Finance and lacks a wide range of opportunities. However, he has a more definite chance of securing placement at a company offering Finance roles like Banks and other financial institutions. This advantage seems very minimal right now but with the increase in the relevance of the curriculum and demand of the course, it will soon be coveted among Finance aspirants.

The BFS faculties are considered to be among the best given the excellent performance of BFS students in the recent years and the increasing popularity of the course. The companies visiting the campus for BFS are not only banks but include AMCs, NBFCs, FinTechs and other Fin Services firms. The course targets the entire Banking and Finance sector. 

At the end of the day, what remains of your college life is not the specific course you chose but the college you chose to pursue it. Be it PGDM Core or PGDM BFS, IMI Delhi is the perfect college to experience a great college life.

...Show More

MS

Manmeet Singh

27 Jan 23

IMT is a well-established college and comparing it to a mediocre college like TAPMI is not justifiable. Of the two, IMT Ghaziabad is clearly a better choice. To explain further I have compared both these institutes on the basis of some parameters like

  • Establishment: Both these institutes were established in 1980 so they carry an equal legacy.
  • Alumni: Despite a similar legacy, IMT Ghaziabad alumni are placed in higher positions and top firms today. The extensive alumni network has opened gates for corporate and industry exposure. IMT Ghaziabad’s alumni comprise more than 300 CXOs.
  • Location: IMT Ghaziabad enjoys a better location advantage over TAPMI
  • Pedagogy: Both the Institutes are AACSB accredited and follow similar curriculums yet there is a stark difference in the quality of education. This is because of the better pedagogy at IMT Ghaziabad than at TAPMI.
  • Faculty: IMT Ghaziabad's teaching methodology is way ahead of that of TAPMI and the credit goes to its excellent faculty with amazing profiles. They have great industry exposure and help the students grasp the concepts practically.
  • Placements: IMT Ghaziabad has an upper hand in this aspect also. This can be explained further through the table below

Particulars 

IMT Ghaziabad 

TAPMI

Number of recruiters

130+

21

Highest CTC

INR 62 LPA

INR 22.3 LPA

Average CTC

INR 15.28 LPA

INR 15.7 LPA

Top Recruiters 

Morgan Stanley, BCG, Accenture Consulting, Goldman Sachs, Google, Infosys Consulting, Emami International, TATA Consumer Product 

EY, HDFC Bank, HSBC Bank, Tata Capital

From the table you can easily infer that the placement scenario is far better at IMT Ghaziabad than TAPMI. In fact in almost all aspects IMT Ghaziabad is way ahead so it’s definitely a better choice than TAPMI.

...Show More

AK

Avinash Kalyan

10 Nov 20

The Indira Gandhi National Open University is a well-established distance learning institute that offers degrees to students in various fields. It is AICTE and NCTE approved. The MBA in Banking and Finance program has been established by the school of Management Studies at IGNOU after an MoU between the college and the Indian Institute of Banking and Finance.

The following points highlight a few important aspects of the program.

Fee Structure, and Eligibility:

  • The course duration ranges from 2.5 years to 8 years depending on the time the candidate has to complete the degree.

  • A total course fee of INR 37,800 is charged for the degree.

  • In order to be eligible for the program, the candidate must pass the CAIIB exam with the required qualifications.

  • The applicant must also be working in the banking and finance sector for a period of two years at least and a graduate from a recognized university.

Course Structure and Curriculum:

  • The course has a total of 21 courses of which include basic, specialization as well as integrative, and project courses.

  • In order to obtain the certificate of completion, all 21 courses must be completed by the student.

  • Subjects taught include strategic management, ethics, and corporate governance, research methodology, managerial economics, etc.

  • Evaluations are carried out in a continuous manner which constitutes 30% of the degree and the other 70% is determined by the term-end examination.

Job Prospects:

  • Since the course is a distance learning opportunity, with effective time management, students can study as well as look for courses on the job market.

  • This degree from IGNOU will help in gaining promotion as well as provide a job in the public and private sectors.

  • Jobs like factory supervision, operation management as well as managerial positions are available for students.

  • Other career options include roles in forecasting, purchasing, inventory management, production planning, etc.

Obtaining an MBA in Banking and Finance will open up a lot of new opportunities and definitely provide a career boost with the convenience of completing the degree at the desired pace.

...Show More

VM

Vihan Manjunath

28 Aug 20

The difference between PGDM and PGDM-BKFS is that PGDM is the general MBA program and the course curriculum comprises all fundamental and cross-sectional areas of management while the course curriculum of PGDM-BKFS is tailor-made for Finance. In the first year for PGDM students are required to study various management-related subjects like Marketing, Finance, HR, and Operation. However, the BKFS course only includes Finance related topics.

TAPMI offers good infrastructure for BKFS. The institute has the largest state-of-arts finance lab in the country with 16 Bloomberg terminals. TAPMI also offers a unique Student Managed Investment Course (SMIC) for the finance stream in which BKFS students work in teams and each team has a mentor from industry currently working in the BFSI Sector. Also, unlike the traditional internship that PGDM students go through the BFS cohort had a two-month study tour in Bombay Stock Exchange where the students had their live projects.

Given below is a comparison between the two courses.

Categories

PGDM

PGDM-BKFS

Course Name

Post Graduate Diploma in Management

Post Graduate Diploma in Management - Banking and Financial Services

Intake

360

60

Course Fee

14.3 lakh (2 years)

14 Lakh (2 years)

>Highest Salary Package

25 LPA

25 LPA

Average Salary Package

11.50 LPA

12.75 LPA

Recruiting Companies

Alien Technology, Arcesium, Wipro, Capgemini, ITC, HCL, etc.

Axis Bank, Yes Bank, HSBC, etc.

...Show More

NC

Nikhil Chaturvedi

16 Mar 23

 If you have the option of dropping a year and preparing for CAT, XAT, or other entrance exams, it may be worth considering. You can use the extra time to study and improve your scores, which could lead to better opportunities in the future.

However, if you have decided to pursue an MBA this year, there are several factors to consider before choosing between IMI and GLIM. You should look at the return on investment (ROI), fees, faculty, location, and placement records of both institutions to determine which one is a better fit for you.

It is important to note that neither the Business Forensic & Fraud Management (BF&S) program at IMI nor the Post Graduate Diploma in Management (PGDM) program at GLIM are the flagship programs of their respective institutions. You may want to research the other programs offered by each school to see if they align with your career goals.

Personally, I would recommend GLIM over IMI. However, you should make your decision based on your own research and preferences, taking into account factors such as the curriculum, faculty, industry connections, and career prospects. It is important to choose a program that aligns with your career aspirations and provides the best value for your investment in terms of education, skills, and networking opportunities.

...Show More

SA

Shahanara Ahmed

31 Oct 20

IMT Ghaziabad and IMI Delhi both are premiere institutes catering to the domain of management. To get a clear view we need to understand both the options comprehensively.

IMT offers a long intense international experience for the Dual Country Program and the opportunities to experience international waters and work with dynamic organizations.

IMI Delhi Banking & Finance gives a comprehensive program for high-quality banking acumen development. The important details to be focused upon are as follows.

Admission:

Both IMT Ghaziabad & Delhi provide an affordable range of fees in sync with the facilities offered.

  • IMT Ghaziabad fees are INR 22 Lakh while it stands at INR 18 Lakh for IMI Delhi.

  • IMT Ghaziabad provides 120 seats in comparison to 50 seats in IMI Delhi.

  • For both the institutes, the eligibility criterion stands at graduation with a valid CAT/ MAT/ GMAT score.

Course Details:

  • IMT Ghaziabad offers the Dual Country Program in two countries,i.e. first year in Dubai and second in Ghaziabad.

  • IMI Delhi Banking & Finance provides you the needed professional exposure in order to cater to the banking requirements of the market.

Internships:

  • In IMT Ghaziabad, after finishing 1 year, students are given opportunities to intern in UAE & Middle East countries. The stipend details are as follows.

Highest

Average

Median

3650 AED/Month

1873 AED/Month

1800 AED/Month

  • IMI Banking & Finance gives internship opportunities with leading banks in the market for 3 to 6 months.

Placements:

  • The major companies involved in offering job opportunities are Pidilite, Genpact, RSA Global, SAIL, Mahindra Holidays, ITC Hotels in the case of IMI Ghaziabad. The average package is around INR 12-14 LPA while the highest stands at INR 34 LPA

  • All candidates of recent batches of IMI Delhi Banking & Finance were placed at good companies like HCL, EY INDIA, ICICI BANK, Deloitte, Grail Insights.

The choice between two depends on whether you prioritize domain-specific or location-specific learning. Greater exposure requirements can be catered by IMT while IMI Delhi offers sector-specific exposure and opportunities.

...Show More

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