In the world of rapidly developing businesses and infinitely growing transactions
today, the banking and finance sector forms a pillar of the global economy and
therefore provides numerous job prospects for all those interested in numbers,
analysis, and economic strategies. An upsurge in demand has been noted with the
advent of rapid developments in financial technologies and the globalisation of
markets. So, if you are a student who wants to build a career in the banking
and finance sector, then choosing the right undergraduate degree, from
the two prominent options, will be crucial.
This article therefore highlights the top 10 courses in banking and finance
after 12th grade to help you make an informed choice
towards starting your dream career.
The Booming Banking and Finance Sector: Why Now?
Both of these sectors, Banking and Finance, have witnessed massive gradual
growth, especially over the past decade in India as well as Globally. Talking
about the Indian economy, the banking and finance sector became one of the most
significant sectors of the growing advancement of products and services offered
by banks as well as the exponential increase in the interest for investing.
Moreover this sector is expected to keep growing for the upcoming
years.
Therefore several factors contribute to the booming demand for professionals in
this field:
- Economic Growth: As the economies keep up with their
expansion, this would directly escalate the need for more financial services
and need for opportunities such as in areas like investment banking,
financial planning, and asset management.
- Technological Advancements: Seeing the integration of
technologies in the financial sectors and services nowadays like AI
(Artificial Intelligence), Big Data Analytics, Blockchain and many more,
gave a hint that professionals need to be skilled not only in finances but
also in technologies.
- Diverse Career Paths: Observing all the trends inside the
sector, the career opportunities have increased rapidly including roles in
retail banking, marketing, insurance, risk management, corporate finances,
and financial analyses.
Given these dynamics, pursuing a career in banking and finance
courses after the 12th grade will no doubt be the best strategic
decision before it's too late.
Essential Skills for a Banking and Finance Career
We can agree that success in the banking and finance sector depends upon the
combination of technical expertise and soft skills. Here are key competencies
you can try to inculcate:
- Financial Literacy: First and foremost, no doubt is the
fundamental requirement, which is financial literacy. Even if you don't come
from a commerce or economics background, then also financial literacy is a
must to begin with. From that it is meant, a thorough understanding of
financial principles, instruments, and markets.
- Technological Proficiency: Observing the recent market
trends of this sector from the past decade, the evolution and infusion of
technology in this sector has been ever-growing. Therefore getting familiar
with financial software, various data tools for analyses, and some emerging
technologies like blockchain would directly enhance your
employability.
- Communication Skills: No matter what your forte is, one
skill which will impact your success rate and get noticed in the job market,
is communication skills. Here in this sector, effectively conveying complex
financial concepts in a very easy way to the clients and stakeholders, is a
must.
- Analytical Skills & Problem-Solving Abilities: To
excel and keep going with ease, you are required to solve complex financial
problems and situations, identifying trends to make informed decisions. Also
navigating through day-to-day financial problems by developing strategic
solutions are required aspects for this role.
- Ethical Judgment: To gain and build the trust of clients
and stakeholders, being honest or maintaining a level of integrity in your
character while being in decorum by following guidelines and policies, is
cherished.
Adapting to these skills will always help a learner and professional to stay in
a success zone for both the present market and future market in your
banking and finance career
Top 10 Banking and Finance Courses After 12th
To climb up the ladder for a career in banking and finance after
12th grade completion, can open a ton of opportunities ahead.
Therefore it is important to select the right course that aligns with your
interest and career aspirations. Here is the list and overview of 10 such
banking and finance courses you can consider after
your 12th:
|
Course Name
|
Eligibility Criteria
|
Duration
|
Key Subjects Covered
|
Career Opportunities
|
Potential Salary Range (per annum)
|
|
Bachelor of Commerce (B.Com) in Banking and Insurance
|
Minimum 50% aggregate in 10+2
|
3 years
|
Risk management, insurance law, banking law, financial
accounting
|
Financial analyst, bank officer, insurance advisor
|
₹3,00,000 to ₹8,00,000
|
|
Bachelor of Business Administration (BBA) in Finance
|
Completion of 10+2 from a recognized board
|
3 years
|
Corporate finance, investment analysis, financial management,
international finance
|
Financial planner, financial analyst, investment banker
|
Varies based on role and experience; Loan Officer:
₹5L–₹7L, Credit Analyst: ₹5L–₹6L, Internal Auditor:
₹6L–₹8L
|
|
Bachelor of Science (BSc) in Finance
|
10+2 with Mathematics and Commerce subjects
|
3 years
|
Financial models, quantitative techniques, auditing, taxation,
business accounting
|
Risk assessment, portfolio management, financial
analysis
|
₹3,00,000 to ₹14,00,000
|
|
Bachelor of Arts (BA) in Economics
|
Completion of 10+2 from a recognized board
|
3 years
|
Economic theory, econometrics, microeconomics
|
Economist, financial analyst, policy advisor, roles in
government agencies
|
₹8,00,000 to ₹15,00,000
|
|
Certified Financial Planner (CFP)
|
10+2 from a recognized board; some institutes may require a
bachelor's degree
|
6 months to 2 years
|
Financial planning, investments, tax, insurance, retirement and
estate planning
|
Wealth manager, financial planner, investment advisor
|
₹3,60,000 to ₹17,00,000
|
|
Diploma in Banking and Finance
|
Completion of 10+2 from a recognized board
|
1 year
|
Banking fundamentals, customer relationships, risk management,
financial operations
|
Banking officer, financial analyst, loan officer
|
₹3,00,000 to ₹15,00,000
|
|
Company Secretary (CS)
|
Completion of 10+2 from a recognized board
|
Approximately 3 years
|
Company law, corporate governance, compliance
|
Audit manager, investment banker, chief financial officer,
revenue manager
|
₹5,00,000 to ₹25,00,000
|
|
Chartered Accountant (CA) Foundation
|
Completion of 10+2 from a recognized board
|
Approximately 4.5 years
|
Accounting, business laws, economics, quantitative
aptitude
|
Tax consultant, auditor, financial analyst, roles in accounting
firms
|
₹6,00,000 to ₹30,00,000
|
|
Bachelor of Commerce (B.Com) in Financial Markets
|
Minimum 60% aggregate in 10+2
|
3 years
|
Financial market mechanisms, financial assets, equity markets,
foreign exchange markets
|
Stockbroker, accountant, financial analyst, auditor,
banker
|
₹4,00,000 to ₹6,00,000
|
|
Bachelor of Management Studies (BMS) in Finance
|
Completion of 10+2 with at least 50% aggregate from a
recognized board
|
3 years
|
Business accounting, business research, managerial economics,
macroeconomics, financial management
|
Financial planner, financial analyst, investment banker, roles
in corporate finance departments
|
Varies based on role and experience; Business Analyst:
₹3L–₹6L, Marketing Manager: ₹4L–₹8L, Financial
Analyst: ₹3L–₹7L
|
When considering any of these banking and finance courses after
the 12th it is highly advised to look for any institute-specific
eligibility criteria and also can go through past placement or salary packages
offered records from the institute’s website.
Essential Tips for Success in Banking and Finance
Getting ahead of the competitive crowd and marking your success in the banking
and finance sector requires more than just theoretical knowledge. Instead, it
should be combined with other soft & hard skills, and some proactive
strategies. Here are some tips that would guide you in your professional
journey:
- Stay Informed About Industry Trends: First and foremost,
the market and industry trends should be researched and made aware of.
Depending on which you can navigate through choosing the best
banking and finance course for yourself.
- Pursue Relevant Education and Certifications: After
knowing about the industry trends, you should enrol on a course that aligns
with your interests and career goals. Either in a degree program or a
specialised certification program.
- Gain Practical Experience: Practical exposure to the
market and hands-on projects would define your willingness towards higher
education, for which students should look for internships at entry-level
positions.
Other than this, making sure the development of the essential skills is in a
continuous flow, as we discussed in previous sections.
Conclusion
Starting a job in banking and finance gives a path full of different
opportunities and the chance for large professional growth. By picking up the
right skills for developing and polishing, the right
banking and
finance course tailored to your desire, and looking out for a
perfect institute offering that particular course, you can set yourself up for
success in this changing field. It’s important to match your choices with
your personal interests and career goals so that you have a happy and successful
journey in the world of banking and finance.
Disclaimer: The information and opinions expressed herein are
solely those of Collegedekho and do
not necessarily reflect the views or policies of Jagannath Community
College.