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The finance, banking and financial technology (fintech) sector in India has witnessed tremendous growth in recent years, creating a plethora of job opportunities. You can become an expert in the fintech sector by enrolling in an MBA integrated course specialized in finance, which will provide you with the necessary knowledge and skills to excel in this industry. The Indian government’s push towards a cashless economy and the growing adoption of digital payments has led to an increased demand for skilled professionals in banking and fintech.
In this blog, we will explore some of the popular career options in this field and the skills required to become job ready.
Career options in finance, banking and fintech
Investment banking: Investment banking involves providing financial advisory services to corporations, governments, and other institutions on transactions such as mergers and acquisitions, fundraising, and IPOs. Professionals in this field must possess excellent analytical and communication skills, a strong understanding of finance, and the ability to work under pressure.
Corporate banking: Corporate banking involves providing financial services to large corporations and businesses. Professionals in this field work closely with clients to provide customized solutions to meet their financial requirements. To excel in corporate banking, professionals must possess excellent communication and relationship management skills, a strong understanding of financial products and services, and an ability to work in a fast-paced environment.
Retail banking: Retail banking involves providing financial services to individuals and small businesses. Retail bankers must possess excellent communication and customer service skills, a strong understanding of financial products and services, and the ability to work in a high-pressure environment. The increasing demand for digital banking services has led to a rise in the number of digital retail banking jobs.
Fintech: Fintech involves using technology to provide financial services. Fintech professionals work on developing digital solutions for financial services such as payments, lending, and investments. Fintech professionals must possess excellent coding and programming skills, a strong understanding of financial services, and an ability to work in a collaborative environment.
Acquiring expertise in banking and fintech:
To become job ready in the banking and fintech sector, it is essential to acquire the necessary skills and knowledge. Here are some ways to do so:
Pursue a degree in finance: A degree in finance, accounting, or business administration provides a strong foundation in financial concepts and practices. It equips students with the skills required to work in the banking and financial services sector. Several universities in India offer undergraduate and postgraduate courses in finance. A good blend of finance, banking and fintech can work wonders like the 4-year Integrated MBA after 12th offered by NIIT University, which blends these into one specialization.
Gain relevant work experience: Employers in the banking and fintech sectors value work experience. Internships, part-time jobs, or volunteering can provide valuable experience and exposure to the industry. Working with financial service providers, investment banks, or fintech startups can be a great way to gain experience. The internships can help gain relevant work experience, like the one offered by NIIT University under the MBA Integrated course, wherein the students go for a semester-long internship (Industry Practice) to gain experiential learning at the company, which makes NIIT University the best BBA MBA Integrated course colleges in India.
Get certified: Professional certifications such as CFA, FRM, and ACCA are highly valued in the banking and finance industry. These certifications demonstrate a high level of expertise and knowledge in finance and increase the chances of getting hired.
Stay up-to-date with industry trends: The banking and fintech sector is constantly evolving, and it is essential to stay up-to-date with the latest trends and developments. Networking with industry professionals, attending conferences, and reading industry publications can help you stay current on the latest trends.
Develop relevant skills: Employers in the banking and fintech sector look for candidates with relevant skills such as communication, analytical, and problem-solving skills. Developing these skills through online courses, workshops, or practical projects can increase the chances of getting hired.
Pursuing a degree in finance, accounting, or business administration provides a strong foundation in financial concepts and practices. Apart from academic qualifications, gaining relevant work experience is highly valued by employers. NIIT University provides opportunities for internship placements during the MBA integrated course, allowing students to gain practical experience and industry exposure. This experiential learning sets NIIT University apart as one of the best Integrated MBA colleges in India.
