Banking is one of the key drivers of the Indian economy. It provides the liquidity needed for families and businesses to invest for the future. Banks provides a safe place to save excess cash, known as deposits. A banking system is a group or network of institutions that provide financial services for us. These institutions are responsible for operating a payment system, providing loans, taking deposits, and helping with investments.
Finance is the management of money and other valuables, which can be easily converted into cash. Which includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance management is the backbone of any company whether it is a corporate, a big business houses, or a financial institutions. Financial management provides a number of career options ranging from financial planning to sales. A candidate who specializes in taxation, accounting and auditing is known as a chartered accountant.
Insurance an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. A policy in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured. The person who acquires insurance coverage is called the policy holder or insured and the person who sells the policy is the insurer.
UG (3 Years)
To take admission into a bachelor’s degree, the candidate must have passed Intermediate 10+2 examination.
PG (2 Years)
To take admission into a master’s degree the candidate must have a bachelor's degree with commerce subjects such as accounts, maths and economics.
Graduates from any stream can get entry into public sector banks by clearing the All India Examination which is being conducted by banks every year. The requirement of more professionals in this field has increased due to the emerging new technologies and new private banks and financial institutions. Banks generally look for those candidates who have good communication skills and have the ability to handle customers and basic knowledge about the industry. To join an overseas or private sector banks for senior level positions one needs specialization in certain specific areas like credit appraisal skills, managing huge loan files and foreign exchange.
There are lots of career opportunities in field. It is one of the top career choices made by students in India. A graduate after completion of his/her course can initially join as a trainee or an accountant. Accountants can also seek employment in various sectors such as in government and private sectors, public accounting firms, markets research, budget planning, corporations and consultancies. Career opportunities in accounting and finance are endless. You can earn a degree in accounting and become a general accountant, but this is just one of the options you can follow. Some of things that you can get into include actuaries, auditing, banking, chartered accounting, corporate finance, corporate recovery, stock broking and taxation management. There are also specialist areas you can pursue, such as auditing, management policy and taxation. There are lots of job opportunities available in India as well as in foreign countries for chartered accountants.
In this field several multinational companies have come forward. Max New York life, HDFC Standard Life-Insurance, SBI Life Insurance, Tata AIF Life Insurance, Birla Sun Life etc are few top insurance companies in the private sector. In non-life insurance sector, most important private players are IFFCO Tokyo, ICICI Lombard, and Tata AIG etc.
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