Career and Scope

Career prospects of a B.Com (Banking and Finance) are many depending on the level of expertise and inclination of practice. They are hired in profiles from cashiers to sales managers. They are basically hired in Banks, Financial Institutions.

Some of the job roles are

Accountant: Roles and Responsibilities

• The accountants are responsible for preparing accounts, budgeting and managing financial information. 
• The accountants are expected to advise and help clients, whether that’s individuals or international companies, on financial situations.
• The accountants are responsible to prepare and examine financial records, assuring information is up to date and accurate
• The accountants are required to prepare accounts and tax returns
• The accountants are responsible to monitor spending and budgets
• The accountants are required to audit and analyse financial performance
• The accountants are expected to perform financial forecasting and risk analysis
• The accountants are responsible to advise on reducing costs and increase profits
• The accountants are responsible to compile and present financial and budget reports
• The accountants are required to ensure that financial statements and records comply with laws and regulations
• The accountants are expected to keep account books and systems up to date.

Average Salary: 4 Lakhs to 6 Lakhs PA

Banker: Roles and Responsibilities

• The bankers are required to sign on new clients and help them through the onboarding process.
• The bankers are responsible for managing client bank accounts, including opening and closing accounts, and overseeing transactions.
• The bankers are required to process deposits, payments, and withdrawals.
• The bankers are responsible to authorize and evaluate overdrafts and loans.
• The bankers are expected to handle other transactions, such as writing cashier checks or money orders, when necessary.
• The bankers are required to recommend and explain banking services and products to clients based on their needs.
• The bankers are expected to present and cross-selling banking services and products to existing and prospective clients.
• The bankers are required to collaborate with other banking professionals to ensure high-quality client service.
• The bankers are expected to resolve client queries and complaints.
• The bankers are responsible to perform administrative and clerical duties in the banks

Average Salary: 3 Lakhs to 5 Lakhs PA

Cashier: Roles and Responsibilities

• The cashiers are responsible to handle cash, credit or check transactions with customers
• the cashiers are required to count money in cash drawers at the beginning and end of shifts to ensure that amounts are correct and that there is adequate change
• the cashiers are expected to resolve customer complaints, guide them and provide relevant information
• The cashiers are required to keep reports of transactions
• The cashiers are expected to pleasantly deal with customers to ensure satisfaction

Average Salary: 3 Lakhs to 6 Lakhs PA

Business Development Executive: Roles and Responsibilities

• The business development executives are required to familiarize with all products and services offered by the company
• The business development executives are required to procure new clients through direct contact, word-of-mouth, and collaboration with the marketing department.
• The business development executives are expected to attend networking activities to research and connect with prospective clients.
• The business development executives are required to maintain meaningful relationships with existing clients to ensure that they are retained.
• The business development executives are expected to suggest upgrades or added products and services that may be of interest to clients.
• The business development executives are responsible to craft business proposals and contracts to draw in more revenue from clients.
• The business development executives are required to negotiate with clients to secure the most attractive prices.
• The business development executives are required to review clients' feedback and implement necessary changes.

Average Salary: 4 Lakhs to 7 Lakhs PA

Top Organisations hiring B.Com (Banking and Finance)

Some of the top organisations hiring B.Com (Banking and Finance) students are:

• Kotak Mahindra Bank
• ICICI Bank
• HDFC Bank
• Axis Bank
• Manappuram Finance

Final Words

The demand for B.Com (Banking & Finance) students is huge. With more and more banks coming into markets, the demand for skilled B.Com (Banking & Finance) students has increased drastically. They are also paid handsome salaries with excellent career growth opportunities.
The students can get more details about B.Com (Banking & Finance) admissions can contact +918095797575. The students can even email us at info@bcomcollegesinbangalore.com