The Banking and Finance sector is constantly evolving and has become increasingly complex with the introduction of FinTech products and services. Having a deep and practical understanding of the financial landscape and the regulations that governs, it is essential for individuals aspiring to build a career in this industry. A Postgraduate Diploma in Management / PGDM in Banking and Finance is the perfect programme for students who wish to gain specialised knowledge and practical skills in this field.The next generation of professionals needs to upgrade their skills and broaden their perspectives in order to compete in today's fast-pace
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The Banking and Finance sector is constantly evolving and has become increasingly complex with the introduction of FinTech products and services. Having a deep and practical understanding of the financial landscape and the regulations that governs, it is essential for individuals aspiring to build a career in this industry. A Postgraduate Diploma in Management / PGDM in Banking and Finance is the perfect programme for students who wish to gain specialised knowledge and practical skills in this field.The next generation of professionals needs to upgrade their skills and broaden their perspectives in order to compete in today's fast-paced business environment. Vivekanand Business School, one of the best colleges for PGDM in Banking & Finance in Mumbai, has included 5 Analytics focused subjects in its curriculum and offers more than 25 complimentary certification courses from the NSE Knowledge Hub & a Globally- Recognized Diploma from Indian Institute of Banking & Finance (IIBF) that covers a variety of financial modules. Students are exposed to not only financial practices but also the banking industry, enhancing their professional knowledge.In this article, we will discuss why one should pursue a PGDM in Banking and Finance and the advantages of doing so. By the end of this article, you will understand why a PGDM in Banking and Finance is a necessary step to succeed in the financial sector.The need for specialised education in Banking & FinanceThere have been several major changes in the Indian and global financial systems in recent years. Some of the most significant changes include:Digital Transformation: The use of technology in the financial sector has been growing rapidly in recent years. This includes the use of digital payment systems, mobile banking, and online investment platforms. In India, the government has launched several initiatives to promote digital financial services, such as the DBT (Direct Bank Transfers), Jan Dhan Yojana, and the Unified Payments Interface (UPI).Growth of Alternative Investments: Traditional investment options, such as stocks, bonds, and mutual funds, have been complemented by a growing range of alternative investments. This includes private equity, agent investment, hedge funds, and real estate investment trusts (REITs). These investments provide investors with new options for diversifying their portfolios and achieving their financial goals.Globalization of Financial Markets: The globalization of financial markets has increased cross-border trade and investment. This has opened up new opportunities for investors and has made it easier for companies to raise capital from a wider pool of investors. However, it has also led to increased interdependence between economies, making it more important to manage financial risks effectively.These changes have significantly impacted the financial sector and have shaped the current financial landscape. The need for specialised education in Banking and Finance has become more important as the industry evolves and becomes more complex.A PGDM in Banking and Finance at VBS equips students with an in-depth understanding of the financial sector, including the banking, insurance, and investment industries. The programme covers key concepts such as financial management, investment analysis, and portfolio management, and prepares students for the challenges they may encounter in the real world. Additionally, the programme provides hands-on experience through case studies and project work, allowing students to apply their knowledge in real-world scenarios.Advantages of Pursuing PGDM in Banking & FinanceA post graduate Diploma in Banking and Finance provides students with a wealth of benefits that can help them to succeed in their careers. The programme equips students with the necessary knowledge and skills to navigate the complex financial landscape. It prepares them for the challenges they may encounter in the real world.Career Opportunities:A PGDM in Banking and Finance opens up a wide range of career opportunities in the financial sector. This includes roles in sectors like banking, insurance, investment management, and financial consulting.Increased Earning Potential:A PGDM in Banking and Finance can also lead to increased earning potential. Graduates of this programme are in high demand and are often offered higher salaries compared to those with a general management degree. The typical starting salary range of a PGDM in Banking and Finance graduate ranges between 7-10 Lakhs INR per annum.Practical Knowledge and Experience:The PGDM in Banking and Finance provides students with practical knowledge and experience through case studies, live projects, project work, and hands-on experience. This helps students apply the concepts they have learned in the Classroom to real-world scenarios, preparing them for the challenges they will face in their careers.
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