Banking - what kind of profession is it? Where do you study banking?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today there is a very fashionable and prestigious profession - banking. What is this profession? Let's try to understand the actual issue.

Profession Description

The meaning of the word has Italian roots. "Banker" from the word banco - "table", respectively, a banker is a person who works at a table. But today he is a multifaceted specialist, he is distinguished by a propensity for forecasting. He also has an analytical mind.

Currently, specialists in banking are incredibly in demand. Therefore, it is relatively easy for them to find a job. They are waiting for investment organizations, financial institutions, credit institutions, stock exchanges, insurance companies, etc.

Working in a bank depends on what position the employee holds. For example, a financial institution specialist will be consulting clients, analyzing indicators, forecasting, etc.

Many large banks in their structure can have up to 10 divisions with certain functions. Key areas are:

• lending;
• investment activities;
• operations;
• treasury.

Banking is a profession that requires the utmost care and responsibility. Tasks of a specialist depend on the place of work. That is, a banking specialist will work with clients' cash. His duties will also include control over the issuance and repayment of loans, the issuance and exchange of plastic cards, etc.

History of the profession

Speaking about what kind of profession banking is, the description should begin with its ancient origin. A number of sources claim that it originated when Babylon existed, that is, in the 7th century BC. Then there were moneylenders. Moreover, even then bank notes were used - gudu. They were as valuable as gold.

Ancient Greece also had a hand in the development of banking. Money changers, or trapeziters, worked in the country. Their job was to exchange coins, keep money. Ancient Greece was the first country where they began to carry out settlement and cash services by debiting and accruing money to customer accounts. Loans also originate from ancient Greece: temples provided funds from their vaults.

Banking specialist is a profession that has been formed relatively recently. In Russia, moneylenders were engaged in similar activities. But when banks appeared, which became intermediaries in large monetary transactions, a need arose for workers. They had to be able to accurately handle payments, credits and loans. Therefore, a new profession arose - a banker,acting as an intermediary and operator of the credit system. The speci alty "banking" began to develop. What kind of profession is this, we will now analyze.

Importance of banking

Banking is a profession that is of great importance today. This means that qualified workers are needed. Any economically developed country is not able to prosper without specialists who are able to establish this mechanism - the implementation of monetary transactions both inside and outside the state.

Where can a banker work?

Getting acquainted with banking, almost everyone asks the question: "Where else can I work after receiving this education? Are there professions related to banking?"

Of course, the classic financial transaction is lending. However, there are a number of other areas of banking activity. Most financial institutions perform different operations, provide services to various customer segments. Which departments of any organization can not do without bankers:

• investment;
• credit;
• securities;
• operational;
• stock;
• legal;
• reporting;
• marketing etc.

The list goes on and on. In each department there are functions that a banking specialist can perform. He may also find himself in insurance. Almost everywhere you need a person who knows banking. "What is this profession, where to work?" -after graduation from the institute, such questions will not arise.

Pros and cons of banking

Like all professions, banking has both advantages and disadvantages.

Benefits include:

1. Stability. Despite the fact that the market today is unpredictable, commercial banks will always be in demand.
2. Quick career takeoff. If a banker has a desire to achieve high results, he will cling to any opportunity: take on difficult tasks, stay at work after hours.
3. Competitive wages.
4. Most banks have developed a labor incentive system (premium, bonus).
5. Many banks pay for voluntary he alth insurance for employees.

Flaws:

1. A high degree of responsibility that is always there.
2. There is no room for error.
3. Work schedule is not standardized.
4. At the beginning of your career, work seems monotonous and monotonous.
5. Starting employees have low wages.

Where do they study for banking?

What is this profession? What needs to be submitted? Where do they even teach this?

In Russia today there are many specialized universities with economic or financial faculties. Future bankers will be able to receive classical education, for example, at Moscow State University, MGIMO, the Financial University under the Government of the Russian Federation, the Higher School of Economics or the Russian Academy of Economics. These are the bestand famous universities of our country. But besides them, there are many more good, worthy universities.

To get a job in a banking or financial organization, you should get an education in the speci alty "Economics". In addition, it would be useful to complete a master's degree in Finance and Credit.

After graduating with a degree in banking, you get a set of knowledge in the field of financial circulation, standard operations, economic forecasting, accounting. The mandatory program also includes the study of the essence and functioning of credit operations, etc.

Who is ready to become a banking specialist

People with good mathematical abilities and an analytical mindset can become a banking specialist. The person involved in this business knows how to put everything on the shelves, then analyze and systematize the information received. You need to be focused all the time and pay a lot of attention to detail. Of course, a person who knows banking should love economic disciplines. What is a profession without an interest in economics? In addition, a banker usually has a good memory and a drive to get things done.

Also, a person preparing to become a specialist in banking must be a professional and have he althy ambitions. Often these qualities are the main trump card when applying for a job. Purposefulness is also highly welcome, asdifficulties will arise every day. The employee must be able to overcome them and want to move on.

When a young specialist is hired, he almost always goes through a small training course. Therefore, it is necessary to be trained, to strive for new knowledge. Some banks, by the way, after training conduct an exam and only after that decide whether or not to hire a specialist to work in a bank.

Career advancement

The launching pad for successful professional growth is higher specialized (economic) education.

Banking career most often starts with positions such as:

• customer service employee;
• account assistant;
• clerk, etc.

As a rule, a novice specialist has a low salary. At the same time, there is an opportunity to move up the career ladder. But for this you need to make some effort. It can take as little as one year to become a middle manager. If an employee has certain abilities and aspirations, he can get the position of branch manager, deputy head, bank director.