The banking sector is among the largest employer and thriving industries in the country. The industry has been in an upward trajectory, opening numerous career opportunities. India reportedly has the world’s 3rd-largest fintech landscape. Not only is the banking sector offering impetus to the economic growth, stability and development, it is also providing varied individualized financial demands and requirements of enumerable customers. Given the growth trajectory and surging demand, banking professionals are required to remain one step ahead.
Banking professionals must match with the pulse of the market, requiring them to reskill and upskill constantly. Several skill enhancement courses are out there to cater to these evolving needs of the banking professionals. If you are aspiring to tread the path of a banking professional and wish to build a strong career foundation, this blog is your guide to choosing the best skill enhancement course. We shall explore the top skill enhancement courses in banking sector in India.
Why Join Skill Enhancement Courses in Banking?
Before we outline the best courses, let us learn the significance of undertaking a skill enhance course in the field of banking. From obtaining necessary skills to preparing yourself for better job opportunities, skill enhancement courses are essential to thrive in today’s competitive banking industry. Here are some of the advantages of joining a skill enhancement course in banking:
- Aspirants get to learn about the banking industry’s current trends, practices and latest information through a meticulously-designed curriculum
- Fresh graduates who just completed relevant degree get to learn in-depth about the banking’s fundamentals and concepts
- Both aspirants and already working banking professionals get to innovate themselves with new skills necessary for the modern day banking from industry experts and trainers
- Participants also gain a professional certification validating their skills and competencies, which adds additional advantage to their resume
- Professionals and learners alike get to unlock their unique skills and potential and develop in-demand industry skills
- Aspirants have higher chances to land they position they desire
Best Skill Enhancement Course in Banking Sector
Postgraduate Program in Banking Financial Services and Insurance (BFSI) : This is a graduate level program for a duration of 4–6 months. The course can be pursued by freshers as well working banking professionals who wish to develop both the technical and soft skills required to perform in the BFSI industry. Candidates may expect to become smart bankers after the completion of the course.
Retail Banking Professional Program: Professionals and aspirants seeking to upskill and develop nuanced skills in retail banking will find this course exceptionally helpful in boosting their career goals. Candidates are typically trained in the foundational principles and practices in retail banking, and they are groomed by imparting professional personality traits.
CICC- Certificate in Commercial Credit : If you are interested in Commercial credit roles, this course will serve an excellent skill enhancement course. This certification course educates participants with in-depth expertise in management of credit risk. This is a globally recognised certification, hence earning this course comes with the advantage of leveraging their skills at the global level and landing a banking job abroad.
Loan Skill Development Program: Another excellent alternative for professionals and aspirants to desiring to work as Credit or Loan Officers may pursue the Loan Skill Development program which last for a month or two. This course typically trains aspirants about multiple type of loans, risk management and financial analysis skills.
Credit Skills for Bankers Certification (CSBC): This is another valuable certification course, often considered the gold standard in Indian Banking system. Participants to this course typically develops excellent credit analysis skills and are known for their proficiency in assessing borrowing request and ensuring judicious risk mitigation.
CSBC Small and Medium Enterprises (SME): Individuals desiring to thrive in the banking field with specialization in SME credit skills may consider this course. This course generally trains learners in applied credit skills and credit principles.
Certified Management Accountant (CMA): Particularly suitable for working professionals in Accountancy, this course offers rigorous training on emerging technologies relevant to accounting processes like XBLR- Extensible business reporting language. This certification course is known for covering a wide-array of topics. Professionals seeking to learn budgeting, forecasting, risk management and financial reporting within a short span may consider this course. This course typically last for 5–6 months.
Association of Chartered Certified Accountant (ACCA): This is another excellent professional course that comes under accounting area in banking. Professionals seeking in-depth training in business law, financial accounting and management, financial reporting, business law and accounting, taxation may consider this course.
Business Accounting and Taxation (BAT): Freshers and Professionals desiring to switch to positions in financial reporting will find this course highly impactful as it offers in-depth training and study into the banking aspects of financial reporting, auditing, SAP, direct taxes, Quickbooks, and several other topics. The course is typically of short duration and runs for about 2–3 months and is worth the investment.
Besides these courses, banking professionals may pursue long term course to attain more advanced roles in their career. Some of the popular course that can boost their careers are:
- Finance
- Accountancy
- Credit Management
- Risk Management
- Marketing
- Human Resource
What are the skills of a competent Banking Professional?
Banking Professionals today are expected to be versatile and multi-talented. Banking professionals today must possess the following sets of skills:
Technical Skills
- Data Analytics
- Mathematical Aptitude
- Economics and Policy
- Banking laws
- Basic of Financial management
- Money Management
- Ledger Balancing
- Traditional and Current Financial practices
- Spreadsheets
- Tax Preparation
- Valuation and Project Finance
- Investment and Portfolio Management
- Product-knowledge
- Digital proficiency
Soft Skills
- Problem-Solving
- Critical Thinking
- Attention to detail
- Communication
- Customer handling and support
- Time Management
- Multi-tasking
- Collaborative and teamwork
- Working under pressure
- Reliability
Upskilling and enhancing one’s prowess has become essential for every banking professional to meet the growing demands in the industry. They are required to look beyond their traditional roles and commit to continuous learning. SkillSchool is one of the pioneering institutes that offer short term as well as long-term courses for professionals in BFSI industry. The institute fulfils your skill development goals with practically infused programs. Check out their course offerings and build yourself into a highly valuable banking professional.
