Certifications for profile building

Jobs & Careers
142

am an engineering graduate,
am plannin to give bank probationary officers exams.

will NCFM certifications help me in the banking industry?
which certification courses should i pursue to add to my resume.

thanks in advance...

--rohit

144

Hello all,
I am a student of electrical engg. 2nd year. I want to ask what activities should I be participating in apart from studies. Please be specific. I am preparing for CAT 2011. SO please help me for profile building.

145

hi guys!
d same old story
my acad
10th-84%
12th-72
graduation-67%
i have cmpleted my graduation dis year
i gave my cat on 2nd n screwd it!
so its a 6 month gap fr me!
i want to give cat again so wat i shd do to keep my profile worthy of a gud b-skool!
i want b-skools nly above 90 percentile!
so guys suggest me smthn!
thanx!

146

i want b-skools nly above 90 percentile!
so guys suggest me smthn!
thanx!



see it depends on interest..

if u target finance and MBA , u can go in to CFA/FRM

for a bit less difficulty NCFM can help ..

also u can study some software related to management .. it has good recognition
147

I have Cleared AMFI(adviors module )and Derivative module of NCFM

will this cerificate help me ?

148

Puys/Seniors,

I am a techie with 2 yrs exp in IT. I would like to pursue MBA in marketing(atleat planning to :)) I am not that interested in sticking to IT field. I am planning to take NCFM certi cos i am into share markets a bit and i am interested in it.

Can somebody suggest certification programs that would be useful in marketing field?(I would have taken NCFM otherwise too). I am more inclined to work in Retail sector in future.Kindly suggest acco.. ANy help is highly appreciated..Thanks a lot...

PS: Really interested to talk to someone working currently in Retail management field 😃

149

Does any1 have the notes for APICS CPIM....plz pm or post here...TIA

150

Hi puys,
I want to give the following certifications being from an IT field, conducted by NCFM
Information Security Auditors Module (Part-1) & Information Security Auditors Module (Part-2)

Did anyone opt for it. Please let me know

151

Hi Puys,
I am 2 yrs experienced in the IT industry and want to pursue my MBA in finance.Could ne1 help me with what NCFM modules may be helpful for my cause.Thanks in advance

152

Hi,

I am in first year MBA. I am aiming to get a job with a good bank house next year. Can you guide me to any certifications that would help me?

I am not sure that JAIIB/CAIIB would help me, my cousin told me that pvt. banks do not give it much weightage plus it seems too long and time consuming to do along with MBA. The NCFM certificate does not have much value in the kind of jobs available. Most seniors got jobs as RMs to sell Insurance or MF or work in the branch itself. A couple of them got jobs as credit officers and evaluate home loans and personal loans.

153
Hi,

I am in first year MBA. I am aiming to get a job with a good bank house next year. Can you guide me to any certifications that would help me?

I am not sure that JAIIB/CAIIB would help me, my cousin told me that pvt. banks do not give it much weightage plus it seems too long and time consuming to do along with MBA. The NCFM certificate does not have much value in the kind of jobs available. Most seniors got jobs as RMs to sell Insurance or MF or work in the branch itself. A couple of them got jobs as credit officers and evaluate home loans and personal loans.


Hi Surasini,

Have been inactive on the forum for a long long time but since this is query relating to banking i think have to post a response. Have been working in the Banking Field for the last 3 years so i feel that i should be in a decent position to respond to your query.

Based on my experiences during placement interviews i feel that it is your knowledge about how things actually operate within Banks that manage to sway the interview in your favour or give you a advantage over others. While academic knowledge is essential .. on most occasions the b-school text books don't really reflect the correct picture of how things actually work. If you are looking to enhance your knowledge about banking....then look for courses which have practical relevance/conducted by people who have actually worked in the industry.

Among banking certifications....probably the most advertised would be NIIT's IFBI with its short term diploma courses..but i personally feel that the course content is more geared towards retail branch operations and since it's a full time course so you may not be able to pursue it during an MBA.

If you are looking specifically for a retail relationship manager role or corporate banking role (which are roles which are generally offered to most B School Grads)....there are some good online courses offered by an IIM alumni startup firm called FLIP ( stands for Finitiatives Learning.....you can look it up on Google).........i have gone through their Corp Banking module and personally i found it to be very practical and different from other courses...should be of help to anyone aspiring to be or looking to interview for a Banking/Finance job....i think they have also tied up with some private banks like Kotak, Yes etc.

The other certifications that you mentioned like CAIIB/ JAIIB are bit outdated and more academic in nature and as you pointed out don't really give you an advantage in Private Banks which have a different style of working as compared to the public sector banks...but you could always give it a shot once you are actually working for a bank..after which may be more useful.

You can let me know in case of any specific queries related to corporate banking..since i presently work in that department

Cheers,

Wayne
154

That was very informative, thank you. Would you also be able to help me choose what program/certification to take up. They have a lot of them, from retail banking to risk management and wealth management. Not sure what to take up

155

Thanks very much Wayne for your post. I checked their website(Finitiatives Learning India Pvt. Ltd) and found it really good. I'll be certainly doing their courses.

156

Hi wayne, thanks a lot for the information. I checked the website and its kool. The best part is the number of courses they are offering. Though I am little confused on which course to start with. I will surely take up some course, will help in my resume i guess.

157

Hi Wayne, thanks for the post. I have been looking for something like this. The courses they (Finitiatives Learning India Pvt. Ltd.) are offering are really helpful. Can you throw some more light on which course should I take?

Thanks in advance

158

Hi folks,

Sorry but I am not in a position to suggest any particular course since that would completely vary according to your interests.

However, as with any other subject I would suggest start with the fundamentals of banking as a whole and then try to work out which subjects are of particular interest. Unless you are really really keen to get into a particular department, try to develop a strong overview of the working of the entire bank first and don't specialize too early.

Most people fall into the trap of just looking at departments like Treasury/ I-Banking etc just because they appear to be 'glamorous' roles or because everyone seems to want to get into such roles. My suggestion would be to first identify all possible roles in a bank (for which you need to have a good overview) ....shortlist a few of them based on your strengths and then graduate to specialized courses.

Strong fundamentals will be of particular help during interview.....when displaying even basic knowledge of a number of departments should put you at an immediate advantage. Another tip for placements is unless you are specifically asked or told about openings in only one derpartment....don't tell the panel that you are interested only in one particular role.....show them you are open to working across departments. The way it generally works in banks....your jobs/departments are typically rotated every 3-4 years....for example i might start in a branch role....move to Corporate Banking....then move to Risk...then Capital Markets etc...so they definitely prefer people who are flexible. Important because at the senior levels in banks you can't make decisions based on knowledge of only one department..you have to know the entire working of the bank.

Any other questions related to banking...feel free to ask

Cheers,

Wayne

159

Seriously, that is very very helpful.
Thanks for your insight.
Things look really simple when you put it that way.

160
Hi folks,

Sorry but I am not in a position to suggest any particular course since that would completely vary according to your interests.

Any other questions related to banking...feel free to ask

Cheers,

Wayne

Hi Wayne, just bumped into this thread and must say, really good suggestions 😃 Well, I need some myself.

I'm just about to finish my MBA and got placed in Central Bank of India at Scale II. I'll have to undergo a 45-day training after which I have to choose a division to work with, which could be either of Risk Management, Forex, Treasury among others. Even my seniors who joined CBI wanted to work with Treasury and they got it. Now I have a few questions:

1. Which are the other fields of banking I could work in apart from the ones I mentioned (or rather were mentioned to us in their ppt)? Could you explain in brief the kind of work I would be required to do in each of them?

2. They mentioned that we would be given locational preference as well, and our seniors got that too. However, I'm not very keen on working in a metro; I'm more of a tier-II city kind of a guy. Do I only get to work with the "big profiles" in the big cities (which seems logical to me) and just be another manager in the tier-II cities?

3. The FLIP certifications that you mentioned, would it help if I took those before joining or should I just wait for the training they provide?

4. What are the perks PSB employees get over and above their in hand component?

It would probably be some hard work for you to reply to this, but I hope you would 😃
161

Hi Wayne,

First of all thanks for the advice.
I have taken up the fundamentals course...
interestingly, they have a course on excel which i really like.
I even verified my loan emi with their loan amortization table :)

Have read just 2 chapters of the first course. Been interesting till now n I just found the answer to one question I was asked in my summers interview.

They had asked me what is the difference between NIM and NII of a bank..

162

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