Banking, Finance & Insurance

Careers in Banking;

Careers are better in banking sector since they are providing lots of facilities to their employees as compared to Govt & Public sector. Since the nationalization of major banks, their recruitment policy has undergone major changes. The Reserve Bank Of India, State Bank Of India, nationalized banks and foreign banks have their own policy regarding recruitment of staff and officers. The policy is devised and issued by the Banking Division of the Ministry of Finance for recruiting clerical staff and probationary officers govern all the 20 nationalised banks. To look after the staffing needs, fifteen Banking Services Recruitment Boards have been set up & one of the banks serving as the secretariat. Zonal levels recruits the sub-ordinate cadre.

Special Positions: For the posts of officers some specialisation is required in respective fields. Such posts are designated as Agriculture Extension Officer, Technical Officer, Veterinary Officer, Charted Accountant, Cost Accountant, Law Officer, System Officer, Personnel Officer, and Hindi Officer etc. Educational requirement for all these posts are graduate or postgraduate degree in their respective fields, with minimum three years experience, age limit 21 to 45 yrs.*

Finance:

Association of Charted Certified Accountants (ACCA), trains for careers in audit and financial management. The ACCA, established in 1904, is recognized in over 130 countries and has Two lacs members and students.*

Training And Enrolment

This international course requires neither educational restriction nor age limit nor vocational constraints. You can appear for this exam at country of your choice. You may study it full-time, pass exams first and build up practical skills later or combine study & practical at the same time to achieve the accuracy in the field. UK companies Act for audit of Company Accounts and UK insolvency and Financial Services Act also recognizes the ACCA qualification. *



Eligibility; Higher Secondary Certification exam with at least 65 % marks in English, Mathematics/Accounts & over 50 % in the rest. B.Com degree holders from recognized Indian University are entitled to claim exemption from paper II & IV. If you have passed a CA, M.Com or MBA, you can get exemption from all four papers of the foundation stage.


Three-year training is compulsory for every student. You may complete this training in any size or type of Organisation and in any country. You may work in industry or commerce, in public service or in a practicing firm. Exams are held twice a year- in June and December. A maximum of four papers can be attempted at a time. All 14 papers can be completed in three years. There is no age limit for the course. Mumbai, Chennai, Calcutta and Delhi are the exam centers in India. For details on the ACCA programme contact, India representative Map Consultants at 124, Sector 14, Gurgaon -122 001.

The open market economy has changed the scenario in the financial services Industry, what with capital account convertibility, more freedom for foreign banks, opening up of the insurance sector, merger considerations. etc. The demands of global trade, proliferation of complex financial instruments, changing laws and regulations and so forth have opened up vistas for skilled financial managers as never before. Financial Managers are demanded for various post such as, Corporate Financer, Project Financer, Merchant Banking, Equity Analyst, Portfolio Manager, Treasury Manager, master in Finance Control.

Financial Analyst:

The CFA

The CFA programme covers traditional accounting related areas like bookkeeping, auditing and taxation, also broader financial and managerial issues of finance. And importance is given to emerging financial markets in India. The course mainly consists of: Corporate Finance, International Finance, Investment Management, and Financial Service.

The CFA programmes is generally conducted in the distance-learning mode, it is split into three levels. Training classes are spread over a week for each subject in levels two and three. The course can be completed in three years or in two years for qualified professionals.



An advanced diploma in finance has been awarded to successful students. The basic requirement of last level for students is to undertake a project and appear for a viva in addition to doing courses on Financial Markets and Merchant banking, Portfolio management, Strategic Financial management and Management of Financial Institutions.


A fully trained, qualified and intelligent finance professionals both in the corporate and financial services sector in international finance, tax and treasury, portfolio management and consultancy have shining career opportunities.


Eligibility: Graduate in any disciplines with at least 50 % marks

Age Limit: 18 Years.

Contact: The Admission Officer, ICFAI, Road No.3, Banjara Hills, Hyderabad 34.


Master of Finance and Control (MFC)

Master of Financial Admn:

Eligibility: MBA/MTA/MAPRM/MFA II class Bachelor's / Master Degree.
Contact: Takshashila Campus, Khandwa Road, Indore 452 001.


Master of Finance and Control

Eligibility: MBA/MTA Bachelor's Degree with 50 % marks (45 % for SC/ST)

Contact: National Institute of Management Studies, Summer Hill, Shimla 171005.



Department of Financial Studies.

Eligibility: Graduate/ Postgraduates in any discipline (Arts, Humanities, Commerce, Management, Social Science, Law, Science, Mathematical Science, Engineering, Technology, Agriculture, Pharmacy and Medicine with 50 % Marks.

Contact: University of Delhi, South Campus, Benito Juarez Road, New Delhi 110021 (offers 2- years full time Master of finance and control (MFC).


Master of Financial Admn:

Eligibility: MBA/MTA/MAPRM/MFA II class Bachelor's / Master Degree.
Contact: Takshashila Campus, Khandwa Road, Indore 452 001.


Master of Finance and Control

Eligibility: MBA/MTA Bachelor's Degree with 50 % marks (45 % for SC/ST)

Contact: National Institute of Management Studies, Summer Hill, Shimla 171005.



University of Lucknow,

Eligibility; Bachelor's degree with 50 % marks .MMS (5 Years), intermediate with Math and 50 % aggregate mark.

Contact: University of Lucknow, Lucknow - 26007.

Guru Jambheshwar University,

Eligibility: Bachelor's Degree with 50 % marks.

Contact: Department of Business Management, Hissar 125001(Haryana)


Master of Financial Management ( 3 years )

Eligibility: Bachelor's degree with 2 years standing

Contact: Jamnalal Bajaj Institute of Management Studies, Dadabhai Naoroji House, 164, Back bay Reclamation, Road No.3, Church Gate, Mumbai- 400020.

K.J Somaiya Institute of Management Studies & Research,

Eligibility: Bachelor's Degree with 2-year experience.

Contact: K.J. Somaiya Institute of Management Studies & Research, Vidyanagar, Vidyavihar, Mumbai 400077.

Narsee Monjee Institute of Management Studies:

Eligibility: Bachelor's degree with two years experience.

Contact: V.L.Mehta Road, Vile Road (W), Mumbai - 400056.

Sri Sathya Sai Institute of Higher Learning, School of Business Management:

Eligibility: Bachelor's degree with 60 % marks.

Contact: Accounting & Finance (Faculty of Business Management), Prasanthi Nilayam 515134, Anantapur District.


Shri Nehru Mahavidyalaya (Offers 2 years MBA course)

Eligibility: Bachelor's degree with 50 % marks

Contact: College of Arts and Science (Institute of Mgt. Studies & Research), Shri Gambhirmal Bafna Nagar, Malumachampatti, Coimbatore 641021.

Indira Gandhi National Open University: (Offers Diploma of MBA (CC Programme in Financial Mgt.)
Eligibility: MBA Bachelor's degree with 3-year supervisory/ managerial experience.
Contact: School of Management Studies, Maidan Garhi, and New Delhi 110068.

Osmania University:
Eligibility; MBA/MBA (PT)
Contact: Department of Business Management, Hyderabad 500007.