Banking, Financial Services, and Insurance industry, commonly referred as the BFSI sector, is booming in India. Abundant job opportunities and growth scopes in retail banking, private sector banks, core banking, corporate banking, investment banking, and insurance, make this a lucrative sector for candidates aspiring to build a career in this sector. Fresh graduates can make a great career in these areas, with some professional training in sales and relationship banking.
- Sales and Marketing Banking Jobs Roles and Salary
The Indian banking system has approximately 96,000 rural cooperative banks, 56 regional rural banks, 22 private sector banks, 12 public sector banks, 46 foreign banks, and almost 1,485 urban cooperative banks. All of this, helps you visualise a secure and bright future in this industry without a doubt (ibef.org).
In the financial or banking sector, the sales and marketing division is considered the backbone, as banks always look for opportunities to grow their business. Attractive savings and deposit schemes with competitive interest rates and profitable returns, are all designed to bring new customers into the business. Starting from gold loans to gold schemes, savings plans to FD deposits, and Demat accounts, thousands of new banking products need sales and marketing every day.
Hence, to meet these requirements, professionals need the right training and grooming – one like that’s offered through the Post Graduate Diploma in Sales and Relationship Banking (PGDSRB) from TimesPro. This course can help you seek new opportunities in this rapidly growing industry.
Every year, there are thousands of new job openings in the banking sector, be it private or public banks.
Here are some of the most common sales job roles you can aim for after completing a banking management courses from TimesPro.
Sales Assistant/Executive
Sales Executives are front-line sales officers. Their essential marketing activities include marketing and client visits, handling sales targets, selling the bank’s and third-party products to new customers, and contacting existing customers to inform them about the latest products and services to promote greater sales.
Educational Qualification – Graduate from any stream/Freshers
Salary – ₹1,75,000 – ₹3,25,000 P.A.
Equity Product Sales Executive
In this role, an essential understanding of the stock market, shares, equity funds, etc., is highly beneficial. An equity products sales officer needs to maintain a continuous relationship with new as well as existing customers to mobilise Demat account openings, transactions, investments in equity, etc. These officers also need to sell and promote all the schemes offered by the banks.
Educational Qualification – Any Graduate
Salary – ₹2,75,000 – ₹3,75,000 P.A.
Insurance Sales Agent
With increasing demands of insurances like health insurance, life insurance, car insurance, home loan insurance, business insurance, property insurance, and term insurance, there is a need for skilled insurance sales officers who have proficient knowledge and understanding in investment banking and financial product sales.
The officer’s primary responsibility is that of informing customers, both new and existing ones, about insurance schemes, elaborate benefits, terms, etc. It is a target-oriented job role that can essentially require market and client visits as well.
Educational Qualification – Any Graduate
Salary – ₹ 2,00,000 – ₹5,00,000 P.A. + incentives
Sales Manager
A Sales Manager needs to manage an entire team of sales executives, identify sales opportunities, plan and achieve sales targets for the bank or third-party products, manage and enhance business relations with new as well as existing customers, follow up with potential customers for new requirements and services, promote the latest bank products, etc.
One has to manage records of customers and sales achievements on the CRM system, adhere to KYC/SEBI rules, bank regulations, and state legislation governing the financial and bank services industry.
Educational Qualification – Graduation/ PG from a recognised university
Salary – ₹5,00,000 P.A. and above
Investment Advisor
An investment advisor needs to be well-equipped with the advancements in the investment market, latest schemes and policies, client benefits and risks, etc. In addition, one has to continuously recognise investment opportunities, coordinate with the RM and, sales & investment team on advisory, align with the product management, business divisions, central research, etc.
This role requires an essential understanding of finance and investment. Therefore a certificate in banking and finance will be an added feather to your crown of eligibility.
Educational Qualification – PG/MBA/PGDM/CA/CS (any specialisation)
Salary – ₹ 7,00,000 – ₹12,00,000 P.A.
Banking Sales Jobs-Growth Prospects
A fresher from a medium-income group family generally aspires to get a secured job with a decent salary scale and growth opportunities. Career growth is very important even at the initial stage of a career for those who have educational loans, financial crunch, a big family to support, medical responsibilities, and so on to handle.
The banking sales and marketing jobs offer a quick and spontaneous growth opportunity in one’s career with constant internal exams being conducted for grade promotions.
A PGDSRB program from TimesPro can offer the right direction to your career with a bright and prospectus opportunity in sales and marketing in the banking and finance sector.
Get Professional Training through PGDSRB Course
Attaining suitable domain knowledge and skills should be the first step when aspiring to ascend high up the ladder of a banking career. In other words, the best way to approach the banking career ladder is to acquire professional training from banking and finance management industry experts.
PGDSRB course designed at TimesPro offers the right grooming with industry knowledge and training, along with professional understanding from the top bankers and Finance Management leaders in the industry. This training is crafted for candidates who especially seek a lucrative career in finance, banking, or relationship management.
Banking and finance management course i.e. the PGDSRB course at TimesPro offers 45 days of intense training of 300 hours and provides a deep insight into banking and relationship management.
TimesPro is a renowned professional training institute crafting and pushing careers of thousands of aspirants every year with industry-relevant professional training & guidance from industry experts, special hands-on training sessions of banking software Finacle, and paid internship opportunities with industry-standard salary scale. Perhaps this is the complete career shape up training you have been looking for to boost your career in banking and finance. Get the right start of your career in banking and finance with PGDSRB along with an internship at the renowned ICICI bank.
Know More About Sales and Relationship Banking Program-PGDSRB!
https://timespro.com/key-benefits-of-banking-career-in-sales/
Pursuing a diploma in banking and finance from a reputed institute can make a career in the banking sector.
It is a rapidly growing and expanding industry that has provided better opportunities at different levels.
During the course, students are provided an advanced knowledge of loans, insurance, mutual funds, stocks, wealth management, and more.
With advanced knowledge, students can pursue a career in investment banking, corporate finance, and financial markets.
Through a diploma in banking and finance, students can get knowledge of the domestic and international banking fields.
In addition to this, students are provided knowledge of the market functions in an economy throughout the country’s financial credibility.The students are trained to make the best presentations and case studies that can help them to develop interpersonal skills that are required to effectively work in the banking field.When pursuing the course, students are provided with the necessary practical skills for understanding the functioning of economic markets.
Sales and marketing are oftentimes depicted as being at odds with each other in the world of business.
With conflicting goals, methods, and processes, this is not entirely surprising.
But this does not need to be the case!
You can actually make these two work together in a harmonious way to ensure that your organization's objectives are achieved efficiently and effectively.In this blog, we'll cover some solutions that can help youintegrate your marketing efforts with your sales goals.
