MBA in Banking and Finance

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MBA in Banking and Finance


MBA in Banking and Finance
Expert Name : Rajnish Mehan
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Finance and Banking sector are the order of these days. Banking and Financing results in development of even the remotest area of our country. These two related areas have to look forward a lot for the countries future welfare. The strength of our economy lies in the hands of Banking and Financing. MBA plays a vital role in Banking and Financing.

Banking and Financing helps to boost up our economy from major problems. Thus it will results in entering more banking and financial companies in the coming years. Even after 20 years of marketing liberalization, the access of banking and financing into Indian marketing sector is 35% and majority of them are urban areas. Now all the firms are trying to spread there own banking and financing companies all over the country. The Indian financing and banking sector needs at least 1.2 millions of people at the end of 2010. At the same time now the available workforce are around 1 million. Now there have a vacancy of two lacks of qualified personnel.

In addition to that, about 5 lacks of employees are going to retire within the next 5 years.This will result in increasing the job vacancies of employees to an estimate of 7 lacks by 2013-2014. MBA professionals are nowadays demanding a lot. The main thing is that the above-mentioned jobs are only available in managerial divisions and bank always wishes to acquire MBA professionals only. The Indian banking and financing company selects MBA professionals with an experience of minimum 3 yrs in that sector. This helps an employee to take a vital step towards their great career. That is, he gets a better job in his career. All the practical, conceptual and operative aspects of banking are encompassed by MBA. It bridges the knowledge gap while it had incorporated most recent developments in banking and financing industry. This helps employee to grow towards their full potential.

At present India consists of commercial banks, public sector banks, private banks, foreign banks, rural banks and urban co-operative banks. These are the banks, which boosts up Indian financial position. This represents the need of MBA professionals in India There are so many other non-banking financial companies also.  All these banking and non-banking company comes under control of the Reserve Bank of India. So many changes had undergone to banking sectors in India and all across our world. The development in banking sector is certified to the varying business situations and finance practice around our world. MBA in finance and banking in your country is a specialized degree. It helps in effective banking which affects international banking as well.

MBA in India provides knowledge about Managerial skills, solutions demanded by them, the main issues relating to the international banking, creating a new organizational viewpoint etc. It also helps in training upcoming students for their future career. A standard change have been find in banking sector on organizational terms and growing economy needs more new strategies for the purpose of  valuable functioning of the banking sector.

Posted By : MADHU.E.C, on 14-02-2012 11:07:02 
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  Tell its scope &mode of preparing for it
Posted By : Ankita Gupta, on 16-09-2011 13:56:36 
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