Banking

BANKING?

 

Banking activities can be categorised into retail banking, common banking services for the general population and small businesses; business banking, specialised banking services for mid-sized businesses; corporate banking, these banking services are aimed at large corporations; private banking, this includes wealth management services to high net worth individuals and families; and investment banking, provide an array of financial services like retail brokerage, asset management, specialised financial services for M&A?s (Mergers and Acquisitions). The global banking industry was worth $74.2 trillion in the year 2006/2007. European banks held the largest share at 53%, while US banks held a share of 14%. The list of the world?s top banks in terms of assets include Deutsche Bank AG, BNP Paribas SA, Bank of America, Barclays Bank PLC.

 

The Banking Industry offers some of the highest pay packages in any sector, with lots of bonuses, perks attached as well. More importantly, the firms look for people with enthusiasm and commitment to work, so be ready to work those 12 hour (at least) days once you?re hired!

 

Occupations

Investment Banking:

Corporate Finance: Underwriting the sale of equity and fixed income offerings, providing advice on mergers and acquisitions, foreign exchange, economic and market trends, and specific financial strategies. Supervising a team of analysts.

Sales: Selling new debt and equity issues.

Research Analyst: Conducting quantitative research like product development, pricing models, and economic research.

Commercial Banking

 

  1. Branch Manager
  2. Sales

 

 

Indian Prospective

 

Banks in India?can be categorized into non-scheduled banks and scheduled banks. Scheduled banks consist of commercial banks and co-operative banks. The banking industry in the country is currently in a transition phase. Public Sector banks account for more than 78% of the total banking assets of the industry, they are suffering from problems like having too many Non Performing Assets, excessive manpower, and inadequate technology deployment.

 

The Private Sector?Banks?are taking advantage of the fact that the growth in the Indian economy is expected to be strong for quite some time- fuelling the demand for banking services, especially retail banking, mortgages and investment services are expected to be strong, they have increased their incomes, asset sizes and outperformed their public sector counterparts in many areas. Some of the home grown private sector banks include Centurion Bank of Punjab, HDFC Bank, ICICI Bank, UTI Bank/Axis Bank.

 

Related posts:

  1. Investment Management & Hedge Funds
  2. Biotechnology
  3. Sarath Babu
  4. Private Equity
  5. Equity & Fixed Income Research

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