Banking Courses Guide and Types of Banking Specialties

Posted: by Tags: ,

People who seek an interesting and rewarding profession often consider entering a banking course in order to prepare themselves for a banking career. Those students who study banking often find bank jobs in one of the niches outlined below.

Successful bankers are numbers-oriented, financially-stable people who are usually stable pillars of the community. The reasons to study banking are mostly related to the good pay and rich financial incentives available to top bankers. Still, most bankers are mindful of community needs, and therefore many bankers are quite philanthropic, using their social and business position to help others less fortunate.

Types of Banking Courses

Banking, like other professions, may be divided into areas of specialization. Banking classes are widely available for the following types of general and specialty banking niches:

Mortgage Banking

Mortgage banking is focused on originating, funding and servicing mortgage loans, which are typically loans used to purchase real estate such as homes, commercial buildings, and farms. Some of the topics covered in mortgage-banking courses include loan origination and loan processing, underwriting, government-loan programs, marketing, tax analysis, and fraud prevention.

Retail Banking & Lending

Retail banking is bricks-and-mortar banking, the type of banking which serves walk-in clients in communities everywhere. Courses in retail banking teach banking students the concepts of bank branch management (BBM) and other skills necessary to work with retail banking clients.

Retail banking courses focus on teaching students the main types of retail and consumer loan products including auto loans, as well as retail financial services. Retail bank courses also teach the functions of bank tellers.

Finance & Accounting

Banks employ large numbers of professionals in support jobs related to finance and accounting. The topics typically covered in finance and accounting courses include asset management, capital markets, accounting, corporate finance, credit, financial derivatives, and treasury. Students who focus on banking, finance and accounting courses are usually highly focused on numbers and are often happiest when they are working with figures all day.

Investment Banking

Investment banking courses are aimed toward the most entrepreneurial niche of banking. Investment bankers provide financing for commercial projects on a large scale, and therefore they are less conservative than other types of bankers.

Those who wish to begin a career in investment banking will study the theory and practice of private equity and the concepts of managing hedge funds. They also usually learn about equity research and study asset management and corporate finance and strategy, and sometimes they study the concepts of private wealth management as well.

Commercial Banking & Merchant Banking

Commercial banking and merchant banking are focused on financing short- and mid-term credit needs of businesses of all sizes. Commercial bankers provide the nuts-and-bolts financing that keeps business moving worldwide. Those who work toward a career in commercial banking tend to be detail-oriented problem-solvers with a talent for sorting through complex issues. Students who would like to enter this fascinating banking niche should expect to study topics such as the classes of borrowers, risks in lending, how to deal with non-performing assets, technology in banking, and foreign exchange.

In summary, it can be said that courses in banking are available in several different banking niches. Serious students can easily study banking, whether online or in bricks-and-mortar schools, in order to begin a rewarding and profitable banking career.

One Response to “Banking Courses Guide and Types of Banking Specialties”

  1. […] serves local walk-in clientele in communities worldwide. Retail banking is just one of the many types of banking courses and is ideally suited for people who seek an exciting and rewarding career, a course in banking is […]

Leave a Reply