Why Choose The Postgraduate Program In Banking And Finance

In today's booming and rapidly expanding financial landscape, enrolling in a banking and finance degree is not just an educational choice; it's a strategic career move.

The Bureau of Labor Statistics (BLS) U.S.A., reports that nearly 911,400 jobs are added each year in business and finance. (Source: BLS) 

Overall, BLS reports that the average growth rate for finance job roles is much higher than for other occupations from 2022 to 2032. It turns out that there is a constant demand for high-quality professionals in the banking and finance industry.(Source: BLS)

Obtaining training in a banking and finance course or a PG degree in banking finance can position you perfectly for success in the job market today.

This article explores the compelling reasons why opting for such a programme is a smart decision. We will also be delving into the benefits of a banking and finance degree, its benefits, career prospects, and position as a top-tier choice in higher education.

What is the Scope of a PG Degree in Banking and Finance?

A postgraduate programme in banking and finance offers a unique opportunity to dive deep into industry nuances, skills in the trade, and business secrets. It can give you the skills and knowledge necessary to thrive in the industry.

A banking and finance course goes beyond the basics of finance, providing a comprehensive understanding of financial management, investment strategies, and risk assessment.

Once you complete your diploma or PG degree in banking and finance, you may be hired into one of the following job roles:

•   Business analyst
•   Credit and risk manager
•   Stock analyst
•   Administrative officer
•   Internal auditor
•   Recovery agent
•   Loan counsellor
•   Securities analyst

Here are the top 6 reasons to choose a PG degree in banking and finance

•   Learn financial management skills

Banking courses immerse you in the world of financial management. You'll acquire expertise in financial analysis, risk assessment, and investment strategies.

These skills are in high demand as organisations seek professionals who can navigate the complexities of financial markets. According to a study by LinkedIn, the average income of a bachelor's degree holder in finance is around USD 101,038.

PayScale reports that students with a PG degree in banking and finance draw about USD 69,000 to 202,000. (Source: Payscale, LinkedIn)

Although salaries will differ for every level of employment within an organisation, on average, it appears that those with a master's degree in banking and finance do earn higher salaries when compared to those with diplomas or undergraduate degrees.

•   Career prospects

Banking and finance is bustling with job opportunities, especially since the advent of artificial intelligence (AI) and machine learning (ML) in fintech.

New job roles are predicted every year, and the demand seems to only grow over the years. Graduates can explore various roles, such as investment bankers, financial analysts, risk managers, and now even fintech AI specialist roles. The financial sector is known for its job stability and competitive salaries.

US Bureau of Labor Statistics predicts that nearly 27,400 jobs will be added to the finance industry annually over the next few years. (Source: BLS)

•   Investment knowledge

A postgraduate programme in banking and finance equips you with in-depth knowledge of investment principles and practices.

This expertise is invaluable in today's financial landscape where investment decisions can significantly impact financial success.  Reportedly, 52% of the US population was found investing in stock markets back in 2013.(Source: TheMotleyFool)

They took on stock trading either through direct investments or retirement plans. Present-day figures of people investing are much higher than what it was a decade ago.

With the rise of financial awareness and education, more people are opting to invest their funds in good schemes and deposit plans. This highlights the importance of having a banking and finance degree to truly be an asset in this high-demand market.

•   Networking

Networking is a cornerstone of success in the finance industry. A postgraduate programme provides numerous opportunities to connect with industry professionals, alumni, and peers.

Networking can lead to internships, job placements, and collaborations, making it a vital asset in your career journey.

•   High-paying jobs

The financial sector is renowned for its high-paying jobs. A survey by the CFA Institute found that chartered financial analysts (CFAs) earn a median salary of USD 180,000. CFA is just one of the many postgraduate certifications you can opt for.

A postgraduate programme in banking and finance can easily open doors to very lucrative career paths. (Source: CFA salary)

•   Profile building

Enrolling in a postgraduate programme enhances your professional profile. It showcases your commitment to a finance career and your dedication to honing your expertise.

Key Takeaways

In conclusion, pursuing a postgraduate programme in banking and finance offers numerous benefits including advanced financial management skills, diverse career prospects, and the opportunity to build a robust professional network.

It also leads to high-paying jobs and enhances your professional profile, setting you on a path to financial success.

As you consider your educational and career aspirations, remember that the finance industry rewards expertise and continuous learning. A postgraduate programme in banking and finance is a strategic investment in your future, opening doors to a world of opportunities.

If you wish to enrol into a reputed programme in banking and finance, look no further than the London School of Business and Finance, Singapore (LSBF SG).

LSBF is an award-winning institution based in Singapore known for its competent industry-relevant curriculums, profile-building assistance, job placement drives, and high-quality education.

An MSc in Banking and Finance or any banking and finance course from LSBF can be a great benefit to your career goals.

LSBF offers you a variety of high-quality educational courses in banking and finance.

Depending on your need, you can choose between executive programmes, diplomas, postgraduate programmes in banking and finance and even undergraduate degrees. 

Click here to learn more! 

A blog written by Rebecca Paulraj and edited by Candice McDowell

FAQs

1. What are some good courses in banking and finance?

The best course for you should be decided based on your career goals, needs, and of course, financial standing. An MSc degree in banking and finance can give you an in-depth understanding of the industry and even open doors to employment.

2. Can I take a postgraduate course in banking and finance?

Postgraduation courses in banking and finance are courses that graduates undertake. If you have already completed your diploma or undergraduate degree, then you would be considered a postgraduate.

3. Which PG degree is best for landing a bank manager job?

A postgraduate programme in banking and finance, an MSc in banking and finance, and executive courses in banking and finance are some qualifications you can consider for this job role.

4. Is a PG degree necessary for banking?

Not really. However, to qualify for higher-paying positions within the baking system, you may want to consider a PG degree in banking and finance.

References

• Jaroeducation
• tscfm.org
• Masters in Banking
• Why choose Finance
• Securityboulevard