Banking - what is this profession? Where do they study banking?

Today there is a very fashionable and prestigious specialty - banking. What kind of profession is this? Let's try to figure out the urgent issue.

Profession Description

The meaning of the word has Italian roots. "Banker" from the word banco - "table", respectively, the banker - a person who works at the table. But today he is a multifaceted specialist, he is distinguished by his predisposition to forecasting. He also has an analytical mindset.

Currently, experts in banking are incredibly in demand. Therefore, it is relatively easy for them to find a job. They are waiting for investment organizations, financial institutions, credit organizations, exchanges, insurance companies, etc.

Work in the bank depends on what position the employee holds. For example, a specialist in a financial institution will be engaged in advising clients, analyze indicators, forecast, etc.

Many large banks in their structure can have up to 10 divisions with certain functions. Key areas are:

• lending;
• investment activities;
• operating activities;
• Treasury Department.

Banking is a profession that requires utmost care and responsibility. The tasks of a specialist depend on the place of work. That is, a banking specialist will work with clients' cash. His responsibilities will include monitoring the issuance and repayment of loans, issuing and exchanging plastic cards, etc.

History of the profession

Speaking about the profession of banking, the description should begin with its ancient origin. A number of sources claim that it originated when Babylon existed, that is, in the 7th century BC. Then there were usurers. Moreover, even then bank tickets were used - gudu. They were just as valuable as gold.

Ancient Greece also had a hand in the development of banking. Money changers, or meals, worked in the country. Their job was to exchange coins, keep money. Ancient Greece is the first country where they began to conduct cash settlement services by debiting and crediting money to customer accounts. Loans also originate from Ancient Greece: temples provided funds from their vaults.

A banking specialist is a relatively recent profession. In Russia, moneylenders were engaged in similar activities. But when banks appeared that became intermediaries in large money transactions, a need arose for employees. They should have been able to accurately handle payments, loans and loans. Therefore, a new profession arose - a banker acting as an intermediary and operator of the credit system. The specialty "banking" began to develop. What kind of profession is this, we will now analyze.

The Importance of Banking

Banking is a profession that is of great importance today. This means that skilled workers are necessary. Any economically developed country is not able to thrive without specialists who are able to establish this mechanism - the implementation of monetary operations both inside and outside the state.

Where can a banker work?

Getting acquainted with banking, almost everyone asks the question: “Where else can I work with this education? Are there any professions related to banking?”

Of course, the classic financial transaction is lending. However, there are a number of other areas of banking. Most financial organizations carry out various operations, provide services to various customer segments. What departments of any organization can not do without bankers:

• investment;
• credit;
• valuable papers;
• operating;
• stock;
• legal;
• reporting;
• marketing, etc.

The list goes on and on. In each department, there are functions that a banking specialist can perform. He may also find himself in insurance. Almost everywhere you need a person who knows banking. "What is this profession, where to work?" - after graduation, such questions will not arise.

Pros and Cons of Banking

Like all professions, banking has both advantages and disadvantages.

The benefits include:

1. Stability. Despite the fact that the market is unpredictable today, commercial banks will always be in demand.
2. Fast career take-off. If a banker has a desire to achieve high results, he will cling to any opportunity: to take on difficult tasks, to stay at work after hours.
3. Competitive pay.
4. Most banks have developed a system of labor incentives (bonus, bonus).
5. Many banks pay for employee voluntary health insurance.

Disadvantages:

1. A high degree of responsibility, which is always present.
2. There is no room for error.
3. The work schedule is not standardized.
4. At the beginning of the career, work seems monotonous and monotonous.
5. Beginners have a low salary.

Where do you study banking?

What kind of profession is this? What do you need to take? Where do they teach this?

In Russia today there are many specialized universities with economic or financial departments. Future bankers will be able to get a classical education, for example, at Moscow State University, MGIMO, Financial University under the Government of the Russian Federation, Higher School of Economics or REA. These are the best and famous universities in our country. But besides them there are many more good, worthy universities.

To get a job in a banking or financial organization, you should get an education in the specialty "Economics". In addition, it will be useful to graduate with a degree in Finance and Credit.

After completing your studies in the specialty "Banking", you get a range of knowledge in the field of financial circulation, standard operations, economic forecasting, accounting. The mandatory program also includes the study of the nature and functioning of credit operations, etc.

Who is willing to become a banking specialist

A specialist in banking can become people with good mathematical skills and an analytical mindset. A person who is engaged in this business knows how to put everything on the shelves, then analyze and systematize the information received. You need to be focused all the time and pay much attention to details. Of course, a person who knows banking should love economic disciplines. What kind of profession is this without an interest in economics? In addition, the banker usually has a good memory and the desire to bring all the ends.

Also, a person preparing to become a banking specialist must be a professional and have healthy ambitions. Often it is these qualities that are the trump card in hiring. Purposefulness is also greatly appreciated, as difficulties will arise every day. The employee must be able to overcome them and want to move on.

When a young specialist is hired, he almost always undergoes a short training course. Therefore, it is necessary to be trained, to strive for new knowledge. Some banks, by the way, conduct an exam after training and only after that decide whether or not to take a specialist to work at the bank.

Career

The launching pad for successful professional growth is higher specialized (economic) education.

Banking career most often begins with such positions as:

• Customer Service Officer
• assistant accountant;
• clerk, etc.

As a rule, a beginning specialist has a low salary. At the same time, it is possible to go up the career ladder. But for this you need to make some efforts. It may take just one year to become a mid-level manager. If an employee has certain abilities and aspirations, he can get the position of the branch manager, deputy head, director of the bank.