0 Members and 1 Guest are viewing this topic.


Offline promise

  • *****
  • 139
  • Deskmate is cool ,,, !
  • City: Harare
  • Current Education: University
Why studying banking and finance
« on: March 22, 2016, 10:47:35 AM »
Subject Description

In the 21st century, a bank is not just somewhere to pay in and draw out your money. They are multi-national companies that turnover vast sums of money and offer more than just a current account where your money sits until you need or want it. It is thought that collectively, the 1000 largest banks in the world have assets of more than $64 trillion. Historically, financial transactions were made across a table covered with a green cloth by the Florentines during the Renaissance period. This was later followed by banks lending to traders to buy new stock and then the traders were responsible for paying it back to the bank with interest once the goods had sold. Things have moved on somewhat since these days.

Today, many banks are commercial institutions that provide many financial services such as current and savings accounts, mortgages, credit cards, loans, insurance and investment opportunities. We can move money about without leaving the sofa with the advent of internet banking. They are also very powerful and have the ability to influence the economy and vice-versa. Other banks such as central banks regulate the interest rate, and investment banks guarantee the sales of bonds, stocks and shares.

However, it is not just those that use banks that are susceptible to risk. We have recently seen the banks struggle and need government money to continue to run. We have also sent he first results of a test court-case to see whether or not charging for going overdrawn without permission is legal. Many see banks as greedy and existing just to make a vast profit, and this has led to more ethically-conscious banks promising only to invest in ethically-sound and socially responsible businesses. The banks are also up against competition from the supermarkets who now offer loans, mortgages, credit cards and insurance packages. To coincide with a fast-changing industry, there are a number of courses on offer for those wishing to study and work in this challenging area.
Example areas of study

The modules which you may study vary between the number of courses in banking and related financial areas that are available. It is advisable to check with the institutions themselves as to the nature of the courses they offer before submitting your application, and the list below will give you an idea of the areas that you may be able to study:

    Economics and economic theory
    Corporate financial management
    Organisational theory
    Principles of banking
    Commercial lending
    International lending
    Financial statement analysis
    Financial institutions
    Comparative banking
    Business law
    Financial intermediation
    Asset and liability management
    The Stock Market
    International financial markets
    Investment management
    Banking operations and risk analysis
    Financial services law
    Information technology for business
    Quantitative financial modelling
    Trade theory and policy
    Bank strategy and management
    Languages for business and the financial industry
    Business analysis
    Corporate treasury management
    Credit analysis
    European banking and finance
    The US and Japanese economies

Some career possibilities

As a graduate with a qualification in banking you may wish to purse a career  in areas such as accountancy, banking, investments, insurance or risk management. Other areas open to you may include marketing, retail, management and consultancy or human resources. The banking industry is a rapidly-changing environment and career opportunities change with them.
« Last Edit: March 30, 2016, 09:25:54 AM by promise »
i thought success was about passing school but i now see that its your mindset


Why studying tourism and hospitality management

Started by promise

Replies: 0
Views: 15097
Last post March 22, 2016, 10:39:59 AM
by promise
Advatages of studying Marketing

Started by promise

Replies: 0
Views: 3055
Last post March 22, 2016, 10:45:24 AM
by promise

Deskmate 3.0 © 2016, Deskmate by Tremmly.com