How Short Time Diploma Courses In Banking Opens Numerous Work Opportunities

Marketing and sales are the core of any business. There is always a demand for a confident and proficient sales professional in several sectors including the banking sector. While marketing helps promote the brand, sales are responsible for driving the revenue which keeps the business running.

There is a growing demand for sales professionals in the banking and financial sector among the different job roles. If you are keen to be a part of this industry, then a short-term post-graduate diploma in banking and finance can be a good way to start your career. The TimesPro short-term diploma courses will prepare you for the industry by providing you with the required skills training and expertise in this domain. Let’s understand more about becoming a seasoned banking professional.

Build a Career in Banking Sales (Article Index)

             In-Demand Job Opportunities in Banking

o Banking Sales Executive

o Sales Officer

o Banking Sales Associate

o Senior Manager – Corporate Sales

o Customer Sales Executive

o Relationship Manager

                Advantages of Relationship Manager Job

                How TimesPro Banking Program – Relationship Management Helps

Key highlights

There has been a 27% year-on-year growthin India’s banking and financial sector. It has eventually led to the rise in the demand for banking professionals.

On Monster India, the finance-related job roles have taken up 8% of the total jobs available in India.

The demand for BFSI professionalsis not merely limited to the cities but has penetrated even the Tier II and Tier III cities. The highest growth was seen in Jaipur.

Due to the growing demand for banking professionals, young graduates are motivated to pursue a short-term post-graduate diploma.

In-Demand Job Opportunities in Banking Sector 

As per National Skill Development Corporation (NSDC), India’s share of global GDP in dollars would be 13% in 2050 from 2% in 2009 which is a rapid pace of growth. Considering this, the BFSI sector in India will need 1.6 million skilled professionals by 2022. (thehindu.com)

As stated by Gautam Adani at the India Economic Conclave 2022, India would become a $30 trillion economy by 2050. (economictimes.indiatimes.com).

The banking and financial sector is growing at a rapid speed thus pushing the competitive limits. So, if you too are looking forward to making a positive start in the new-age banking sector, a certificate in banking relationship management will help shape your career well by upskilling your talent and making you a preferred candidate for hire.

Here are a few job opportunities in this segment.

Banking Sales Executive- The sales executive has an important role to play. They are the key players who drive sales and promote the sales of banking and financial products. The average salary of a banking sales executive starts from ₹ 0.2 Lakhs to ₹ 3.0 Lakhs, with an average annual salary of ₹ 2.5 Lakhs.

Sales Officer- The key role of a bank sales office is to sell bank products/ they must acquire new accounts and cross-sell the banking products. In addition, they also need to achieve the monthly targets. The average salary of a banking sales officer starts from ₹ 2 Lakhs per year for those who have less than 1 year of experience to 4 years.

Banking Sales Associate- They primarily handle the account and focus on business development. They also play an active role in formulating a strategy that can bring sales. The average salary of a banking sales officer starts from ₹ 1.3 Lakhs and goes up to ₹ 3.1 Lakhs, with an average annual salary of ₹ 2.2 Lakhs.

Senior Manager – Corporate Sales– They handle the lead and ensure sales closure on the lead generated by their team members. They also guide and supervise the junior sales executive. The average salary of a corporate sales manager starts from ₹ 6.1 Lakhs and goes up to ₹ 27.0 Lakhs, with an average annual salary of ₹ 9.9 Lakhs.

Customer Sales Executive– Similar to sales executives, they have to cross-sell the banking products. Their prime focus is to ensure customer satisfaction and resolve all the queries of the customers. The average salary of a banking sales officer starts from ₹ 6.1 Lakhs and goes up to ₹ 27.0 Lakhs, with an average annual salary of ₹ 9.9 Lakhs.

Relationship Manager– They handle all the customer queries and resolve them. Their role is to address all the customer’s financial requirements and suggest the right banking products. They manage their client’s financial needs by mapping their requirements and suggesting to them the right products. The average salary of a banking sales officer starts from ₹ 2.1 Lakhs and goes up to ₹ 7.0 Lakhs, with an average annual salary of ₹ 3.5 Lakhs.

So, if you are looking forward to starting the banking and financial sector, then Timespro short-term certification courses can be a good choice. A short-term certificate programme can add more weightage to your resume by teaching you skills like analytical skills, effective communication skills, critical thinking, customer dealing, mental maths, patience & resilience, managing stress, etc.

Advantages of Relationship Manager Job

Learning Opportunities-As a relationship manager, you must handle customer queries and requirements. You need to map their requirements and based on them, recommend the right financial products. Since you get an opportunity to interact with different clients, it gives you leverage to learn about the different financial requirements, handle queries and be more confident.

Work-Life Balance– Every individual seeks to maintain a work-life balance. We are not saying that the job of a relationship manager is not challenging, but the banking hours are limited, and so is your work. Hence, you can easily strike a balance between work and life.

Perks-performance bonus– The average salaryof a banking sales officer starts from ₹2.1 Lakhs and goes up to ₹ 7.0 Lakhs, with an average annual salary of ₹ 3.5 Lakhs. In addition, you also get perks and/or incentives. The salary package may vary from company to company. But to keep the employees motivated, the relations managers are given incentives based on their performance. As per Payscale, they can earn a bonus of up to ₹20k – ₹299k.

Job Security with Good Salary– Since the banking and financial sector is growing. There is going to be no shortage of jobs in this segment. Hence, banking jobs come with career security. Besides, the salary and incentive offered in this job role will benefit you additionally.

Work satisfaction-As a relationship manager, you have the challenging task of convincing the customers. It can sometimes become challenging but overall if you like communicating with people, it will offer you immense job satisfaction.

Opportunity to work in reputable private banks-There has been a considerable rise in the demand for capable relationship managers in the private banking sector. If you are also looking for a job opportunity in this segment, private banks and the non-banking financial sector have some great job options for you.

How TimesPro Banking Program – Relationship Management Helps

TimesPro Relationship Banking Management certification provides you with complete assistance and guidance. Here you will learn about the core concepts of baking along with other skills that will help you excel as a banking professional. The job of a relationship manager is challenging. To stay ahead of the competition, you need to be better than your peers. With the TimesPro short-time diploma courses and other short-term post-graduate diplomas, you can open several job prospects for a growing career path.

To know more: https://earlycareer.timespro.com/course/banking-program-relationship-management/