Banking & Finance
is a much sought after field in the industry today. It is perhaps the
only field to have got a shot in the arm due to recession owing to
shortfall in managerial talent. Close to 5lac banking professionals are
going to retire in the next five years, which accounts for 50% of the
total work force. Add to that the rapid expansion plans of Banks within
the country to service a growing work-force and you have about 2 lacs
vacancies in this year itself. That is the reason why SMU-DE has introduced the MBA in Banking & Finance. The 4-semester course will cater to working professionals in banks who would want to position themselves at par with fresh MBAs who would typically join the banking sector as assistant mangers and above. The course syllabus has been created by industry based professionals and SMU-DE faculty, taking cues from market demands of the banking sector. The degree will provide flexibility to upgrade skills across space and time by embracing technology.
The Indian Banking sector has seen an exponential growth since 1991 primarily due to liberalisation, granting license to small private banks and the entry of big private banks into the market. The banking sector is growing at a pace of CAGR of 7% since the year 2000. Even with this robust growth rate, the penetration of banking services stands at a measly 35% in India, which is much lesser as compared to other countries. On the backdrop of such low penetration levels, the Indian Banking sector has a significant potential for growth.
SMU-DE is geared to create trained professionals who will stand up to this demand and meet the challenges going forward. With faculty boasting more than 15 years of industry experience and industry experts for interaction on a weekly basis, the course focuses on all aspects of Banking & Finance and has a high dependency on imbibing skill sets with emphasis on statistical techniques, risk management procedures, communication strategies and financial planning.
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