Overview
Bachelor of Commerce in
bank management is a Bachelor of Commerce degree program. B.Com in
bank management is typically a three-year academic degree that deals with
all the aspects of commerce and business trades. The course is intended to
deliver a wide variety of management skills to candidates while also providing
expertise to them in a certain area of business. Different operations such
as deposits, credit distribution, global capital markets, investments, etc. are
taught under B.Com Banking Management.
The
banking industry has experienced rapid technological and systemic changes, and
this has led to B. The main aim of the course is to develop a qualified
professional who can manage various banking-related financial activities. The
main subjects studied in B.Com in the bank Management course are the
Management, Accounting, and Economic Theory, Income, and Banking system. The
course is competitive in nature and offers candidates with a wide range of
professional opportunities after the completion of the course.
Eligibility
The minimum
qualification required in order to take admission in the B.Com in Banking
Management is mentioned below:-
In
order to take admission, the candidate must have passed 10+2 examination in
Commerce stream with Accounts as their main subjects
In
order to secure admission, the candidates need to secure at least 50% marks any
board of education
The
minimum percentage required for admission may vary from college to college.
In
various colleges, the admission will be done on the basis of candidates marks
in secured in the admission test conducted by the college.
Admission Process
Admissions to the
three-year undergraduate commerce programme in banking and management will be
based on two highly popular methods of admissions, i.e. Entrance-Based or
Merit-Based. Here are the different methods of offering admissions to B.Com
Banking Management aspirants in India.
Entrance-Based
Candidates
will be called to sit for an entrance examination conducted by the University
or equivalent competent authority. Candidates are advised to go through the
admission policy of each B.Com Banking Management college in order to qualify
for admission in the proper manner.
After
attempting the test, the University/College or equivalent competent authority
will release merit-lists, containing the names of candidates in the order of
their merit.
Based
on their ranks or scores obtained in the entrance exam, candidates will be
asked to further selection process such as Personal Interview and/or Group
Discussion.
Candidates
will further be shortlisted for admissions based on their overall performance
in the entrance exam, personal interview and/or group discussion.
Or
Candidates
may also be asked to appear for counselling sessions, which may require them to
select the course and constituent college/institute offering the course.
Based
on the entrance exam score, the preferred choice of course and college as well
as the vacancy available for the same, candidates will be shortlisted for
admissions
Merit-Based
After successful
completion of the application form, candidates will be called for different selection
procedures.
Among
the selection procedures, candidates may be called for a Personal Interview
and/or Group Discussion.
Based
on the overall performance of the candidates in the different selection
parameters such as the past academic record, personal interview and/or group
discussion, the candidates will be shortlisted for admissions to the 3-year
year B.Com Banking Management course.
Career Options
One of the better
options that have been available to aspirants who wish to work in a Banking and
Finance environment has been B.Com for many years. In India, commerce aspirants
can choose between a number of specialisations in B.Com, which provides them
with additional qualification and training in the field.
There
are several career and job opportunities for B.Com Banking and Management
graduates, with numerous areas of employment, job profiles and many renowned
organisations searching for skilled and qualified professionals. Here are some
of the areas of employment for a B.Com Banking Management graduate in India.
Major Job positions
Accountant
Accountants perform
administrative duties such as maintaining schedules, filing, providing
telephone support, transcription and the production of forms. They may have
additional responsibilities if employed by an accounting firm. They prepare tax
returns and financial statements, and accounting firms represent clients on
matters pertaining to their financial affairs.
Cashier
Cashiers help customers
select the right product, much like retail sales workers. They greet customers
as they enter the store, answer questions about products and assist in locating
desired items and encourage the customer to buy the merchandise. Companies that
sell more technical items may prefer a candidate with a high school diploma.
The training is generally offered by the employer.
Loan counselor
A
Loan Counselor works for a financial institution, processes a client's
application materials, verifies the information and works with the client to
come up with a financial plan. They explain the types and rate terms of loans
available, and generate the legal paperwork necessary to complete the loan
process. They also answer questions about existing loans and assist struggling
clients by rescheduling payments or restructuring loans to help them remain
solvent.
Financial
Advisor
A
Financial Advisor may also be called a Financial Planner. There may be no
official requirements for financial advisors; employers prefer those who have a
college education. Some degrees in business, accounting or finance are also
recommended for those entering this field. Coursework in financial advising
programs often includes retirement planning, investing tactics, and insurance.
Job profile | Job description | Average salary | |
Accountant | An accountant of a company prepares asset, liability, and capital account entries by compiling and analysing the account information. He/she document financial transactions by entering account information and recommend financial actions by analysing accounting options. | An accountant of a company prepares asset, liability, and capital account entries by compiling and analysing the account information. He/she document financial transactions by entering account information and recommend financial actions by analysing accounting options. | 2,38,131 in 0-2 Years |
Cashier | Cashiers help customers select the right product, much like retail sales workers. They greet customers as they enter the store, answer questions about products and assist in locating desired items and encourage the customer to buy the merchandise. Companies that sell more technical items may prefer a candidate with a high school diploma. The training is generally offered by the employer. | Cashiers help customers select the right product, much like retail sales workers. They greet customers as they enter the store, answer questions about products and assist in locating desired items and encourage the customer to buy the merchandise. Companies that sell more technical items may prefer a candidate with a high school diploma. The training is generally offered by the employer. | 1,77,000 in 0-2 Years |
Loan counselor | A Loan Counselor works for a financial institution, processes a client's application materials, verifies the information and works with the client to come up with a financial plan. They explain the types and rate terms of loans available, and generate the legal paperwork necessary to complete the loan process. They also answer questions about existing loans and assist struggling clients by rescheduling payments or restructuring loans to help them remain solvent. | A Loan Counselor works for a financial institution, processes a client's application materials, verifies the information and works with the client to come up with a financial plan. They explain the types and rate terms of loans available, and generate the legal paperwork necessary to complete the loan process. They also answer questions about existing loans and assist struggling clients by rescheduling payments or restructuring loans to help them remain solvent. | 2,02,000 in 0-2 Years |
Financial Advisor | A Financial Advisor may also be called a Financial Planner. There may be no official requirements for financial advisors; employers prefer those who have a college education. Some degrees in business, accounting or finance are also recommended for those entering this field. Coursework in financial advising programs often includes retirement planning, investing tactics, and insurance. | A Financial Advisor may also be called a Financial Planner. There may be no official requirements for financial advisors; employers prefer those who have a college education. Some degrees in business, accounting or finance are also recommended for those entering this field. Coursework in financial advising programs often includes retirement planning, investing tactics, and insurance. | 4,24,000 in 0-2 Years |
* Average salary are subjective to change based on various factors