Friday, January 22, 2010

CAREER AFTER 10+2 IN COMMERCE,specialization in banking and insurance launched by Mumbai University,Probationary Officers (PO) exam,programme,INFOBASH

AFTER HSC/10+2: COMMERCE

Q1. I am a Student of Commerce. I want to know the differ ent courses that I can pursue after class XII?

Q2. Could you apprise me about the newly launched three year degree programme for commerce students with a specialization in banking and insurance launched by MumbaiUniversity? I would like to know the details of the course content?

Q3. I am studying in FYB.COM (Banking and Insurance). What further studies can I pursue to enter the banking sector? I joined this course, as it would help me for the Probationary Officers (PO) exam to become a manager in a bank. After doing M.Com., Can I achieve a higher rank in a bank? From where can I get study material for Bank PO Exam?



AFTER HSC/10+2:COMMERCE

QS.I am a Student of Commerce. I want to know the differ ent courses that I can pursue after class XII?

ANS. After class XII with commerce, you can pur sue graduation and professional account ancy courses like chartered accountancy (CA), cost and works accountancy (CWA) or company secretary (CS).

These courses can be pursued with postal tuition and additional oral coaching through respective institutions, which include the Institute of Chartered Accountants of India (lCAI) for CA (www.icai.org),Institute of Cost and Works Accountants of India (ICWAI) for CWA (http://myicwai.com) and Institute of Company Secretaries of India

for CS (www.icsi.edu). You can continue with B.Com and pursue one or a combination of these courses alongside. However, plan your schedule to give due attention to both. Although CA, CWA and CS are profes sional courses, you have to complete your graduation too.

Those completing 10+2 in commerce may also apply for professional courses like the five year integrated law degree course, or the three or four-year hotel managem ent degree course or Bachelor of Fine Arts in fine arts/ applied art or an undergradu ate programme in design, fashion design or allied programmes that are suitable for those with aptitude for drawing/ sketching.

Bachelor of Physical Education (BPEd) or equivalent programme would be suitable for students who are interested in physical­ education and sports careers, while a for eign language degree programme is for those with a flair for languages and a desire to pursue careers in linguistics.

Courses for commerce students include the traditional B.Com, B.Com course with vocational courses like taxation, computer applications, etc, B. Com (Banking & Insurance) and B.Com (Accounting & Finance) and they can also apply for Bachelor's in Business Studies/ Administration, BMS, BMM or switch to BA.

Along side B.Com value-addition could be through the insurance qualifi cations offered by the Insurance Institute of India(www.insuranceinstituteofindia.com) or actuarial training through Actuarial Society of India(www.actuaries. india. org) for those who are proficient in Maths (scoring 85% and above in XII boards) or an event management diploma course or the National Stock Exchange's Certification in Financial Markets (NCFM)(www.nseindia.com/content/ncfm/ncfm modules. htm), AMFI Mutual Fund Certification(www.amfiindia.com/testingprogram.html) and certification tests and training pro grammes of BSE Training Institute (BTI), The Stock Exchange, Mumbai(www.bseindia.com/training/bti.asp)(www.bseindia.com/traing/certfica­tiontest.asp). Do remember that value- addition would not be effective if you don't do well in B.Com during all the three years.


QS. Could you apprise me about the newly launched three year degree programme for commerce students with a specialisation in banking and insurance launched by Mumbai University? I would like to know the details of the course content?

ANS. The Mumbai Universityhas newly launched, three year degree programme for commerce students with a specialisation in banking and insurance [BBF] and the other specialisation available is accounts and finance (BAF). The course follows the semester pattern.

The course content is as follows:-

The first year includes two semesters. Semester one concentrates on building blocks of computer systems, principles of management, economics and financial services.

Semester two moves ahead and students are initiated in to the basic practices of banking and insurance. A few more blocks about economics are strengthened and financial accounting is introduced. Having mastered all these you move on to the second year.

The Second year brings with it semesters three and four and focuses on laws that govern banking and insurance inIndia, thumb rules of financial managements and tax -implications in financial services. Handling customers, understanding organizational behaviour and integrating information technology (IT) into the banking and insurance sectors are also covered. Semester four works towards deepening financial management concepts and understanding financial markets is the highlight of this semester.It also touches upon corporate and capital markets laws. Understanding entrepreneurship management, innovations in banking and insurance sectors and cost accountancy. With two years and four semesters behind you, the foundations of banking and insurance get stronger.

The final year encompasses semesters five and six and gears towards the marketing aspects in banking and insurance sectors, international banking, financial reporting and analysis, portfolio management, auditing and strategic management. A project presentation at the end of the year sums up this course.

The duration of the Course is Three years. Eligibility is 10+2 or equivalent commerce marks, no entrance tests. The Notification is usually out as soon as the HSC results in Mumbai are declared. All prominent commerce colleges offer this course. However, you can log on towww.mu.ac.in for details.


QS. I am studying in FYB.COM (Banking and Insurance). What further studies can I pursue to enter the banking sector? I joined this course as it would help me for the Probationary Officers (PO) exam to become a manag er in a bank. After doing M.Com, can i achieve a higher rank in a bank? From where can I get study material for Bank PO Exam?

ANS. This course is not necessary for taking the bankPO exam. But rather than any other graduation programme, this would be more relevant for someone who wants to understand the working of the industry.

The bank PO exam is conducted by nation alised banks to recruit graduates (securing at least 60 per cent, in most cases, but could be 65 per cent and above too) for recruitment into the jun ior management cadre.

After training on-the job through the two year probation period, and some years of work expe rience, one may become a manager of such a bank.

In the private sector banks, first class graduates are recruited as Officer Trainee through a selection process similar to the PO selec tion procedure. However, management cadre entry in the private and foreign banks is mainly through campus recruit ment of MBAs from B-schools.

Officers in commercial banks can get lateral entry into private and foreign banks if they have experience relevant to the vacancies. The bank POexam consists of a written exam which has an objective test and a descriptive test (merely qualify ing in nature). The objective test has sec tions on quantitative aptitude (usually arithmetic of secondary school level); reasoning (analytical and logical, verbal and non-verbal); general awareness (main ly current affairs and with emphasis on banking, economy, and related matters); and English lan­guage (merely qualifying with questions on English language usage and com prehension).

There are bank PO study guides by reputed publishing houses. Those who clear the written test are called for interview. M.Com would not automatically give you a higher rank in a bank. In the field of insurance, consider courses by the Insurance Institute of India(www.insuranceinstituteofindia.com).

MBA after B.Com (banking and insur ance) can lead to entry as management trainee in the private sector and foreign banks as also private insurance companies.

E-MAIL
rssfeed
Facebook
Twitter
Stumble
Delicious
Technorati

13 comments:

  1. Established in 1997, St. Gregorious Edu-Guidance is a leading education consultancy services providing exemplary service to students all over India. We deal in Admissions to all major professional courses in Premier Institutes across India. We are your one step solution for all career related needs, it may be MD, MBBS BE, BTech (ALL BRANCHES), , MDS, BDS, BPharm, BArch, MBA, MTech, MS, , PhD or any other courses. We provide personalized career solutions on an individual basis keeping in mind the aspirations of our client as well as the affordability factor.
    FOR ALL CAREER RELATED NEEDS CONTACT US :
    St. Gregorious Edu-Guidance,
    #2, 2nd Floor,
    J J Complex, Above Chemmannur Jewellers,
    Marthahalli - P O,
    Bangalore - 560037
    Karnataka
    e-mail :jojishpaily@gmail.com
    Contact: +919448516637
    +91 9886089896, +91 9449009983
    080-32416570, 41719562

    ReplyDelete
  2. Wonderful blog & good post.Its really helpful for me, awaiting for more new post. Keep Blogging!



    List of Colleges in Mumbai

    ReplyDelete
  3. For a commerce student banking courses is a good option for your career.Many private institute in Mumbai provides courses like investment banking, business analysis , financial and banking courses etc. After finishing such courses you can get placed at good salary package. For detail information please check out http://imarticus.org/tag/investment-banking-courses-mumbai/

    ReplyDelete
  4. im doing bcom honours from delhi university . I wana know about the additional courses I can go for side by side

    ReplyDelete
  5. dear surbhi i think u can join coaching for bank po..that better fro u.and another thing u can join niit for professional course side by side that better help u for job

    ReplyDelete
  6. I am also interested to join bachelor of fine arts and so in search of the best college to join in India.

    ReplyDelete
  7. Banking and finance are one of the top choices preferred by students all around the globe. Banking and finance courses offer a wide array of specialization areas for people who want to pursue a specific profile including derivatives, real estate finance and risk management.

    ReplyDelete
  8. Clear explanation of the career options after 12th. Bachelor of fine arts is a good option to go ahead as explained in the post!!

    ReplyDelete
  9. This comment has been removed by the author.

    ReplyDelete
  10. Thanks for sharing kind information..
    Best courses for P.G Diploma in Finance Trigya School have excellent faculties and the course curriculum is very professionally designed. Trigya School gives 100% job placement guarantee.

    ReplyDelete
  11. I like this post, And I figure that they having a great time to peruse this post, they might take a decent site to make an information, thanks for sharing it to me Pretty good post. ExcelR Data Scientist Course In Pune With Placement

    ReplyDelete