Month: February 2018

Several private and the public institutes that offer many courses, which on perusing and completion provide degree in banking. One of these prestigious institutes is SMF Institute of Higher Learning. The most advantageous aspect of this institute is that they provide banking degree. Another advantage of this institute is that you can peruse the courses part time or full time, as per your convenience.

All those persons who have appeared for becoming banking degrees degree in this sector, gain specializations in various areas like – business laws prevailing in capital market, global business administration and Cost Accounting & Services, Taxation of monetary Services, Banking Communication, Environmental and organization of Financial services, etc.

Banking is one of the most enthusiastic careers field in present scenario which deals with the fields of commerce and accounts. Multiple opportunities are beginning to occur according to the changing scenario, thus, one is required to give their best to clear the necessary entrance exams in order to obtain degree in banking. Banks provide numerous job opportunities to each and every eligible candidate who have finished their graduation/Post graduation or any other diploma in appropriate fields.

The qualifying exam is very competitive and thus required immense practice in the areas of numerical aptitude, English language, general knowledge and logical reasoning. Interview for eligible people will be done to check the attitude and required knowledge over the particular bank. Choosing bank as a professional choice is a good decision for all those people who desire to explore within market.

The degree gets completed in sixteen to twenty four months, depending upon the full time or part time course you adopt. Many courses will be submitted through written assignments and through examinations. For the ease of working, classes are held on workaday evenings or weekends. The course fees involve institute registration, notes, chosen articles, coursework, main exams, on completion and transcription. Entire fees can be given in four installments.

It is advised to go through CAT entrance exam to obtain entrance in top business schools since they provide the most excellent banking courses too. MBA in Banking will definitely help you to get a banking degree and the necessary qualification vital to develop into a successful candidate in the booming banking sector.

After you complete your course, the degree is awarded by Murdoch University, Perth, Western Australia, which increases your chances of getting placed in all reputed private banks like ICICI, etc and also in public sector banks like Bank of Baroda, Reserve Bank of India, etc. The admissions in this institute take place in January or May or September.

The author’s tells about the beneficial information about Bachelor in banking. So you should read this editorial carefully and complete degree in banking within few years. For more on visit smf.edu.sg/en/bachelor-of-commerce-banking

When Standard Chartered Bank decided to develop a unique mobile banking solution, which would ultimately be named Breeze, they took a very different approach into the design and development. For starters, instead of offering their customers the same features and functionality seen with other mobile banking solutions, a tremendous amount of research was conducted directly with the customers. With this, bank officials were able to capture the essence of what customers wanted to see in a mobile banking application.

Beyond that, officials with Standard Chartered Bank realized that other online and mobile banking solutions simply did not provide the type and degree of security needed to keep information online safe. Obviously, if this bank was going to launch Breeze as a comprehensive solution, it had to be designed for the people and by the people, but the bank needed to put additional or different security measures in place so all personal and financial information would be protected.

Well, changes are already being seen in a new version of Breeze being called Typhoon. Standard Chartered Bank wants to be careful as they move forward with mobile banking, knowing they will continue to provide customers with the functionality and features needed to conduct personal and business banking but they also want to choose the timing for offering new versions carefully.

Additional information is important to understand, helping financial institutions identify the areas in which their system is weak. As an example, the amount of money allotted to IT departments for overall operations includes less than 5% being spent on training for security awareness. Additionally, of companies interviewed, as much as 90% stated the company had some type of computer security incident within the past 12-month period.

Because information such as this is easy to come by, it should be used by all businesses with online presence, especially for financial institutions. If more banks would conduct research and put appropriate security measures in place, incidences of cybercrime would decrease. For the people at Standard Chartered Bank, they wanted to make sure that when their mobile banking application was used on the iPhone, and soon the iPad, customers would have peace of mind knowing their information is protected. The way this was accomplished was to implement a type of second-tier protection.

The second change seen with the newer version of Breeze is that mortgage accounts, investments, and other loans can be viewed. The first version of Breeze was excellent but accountholders were not able to access accounts such as these. Now, the Typhoon version of mobile banking will be more liberal, providing the opportunity for customers to confirm the receipt of payments, changes in interest, current balances, and more.

The new version of Breeze will have another feature, allowing credit cards for paying bills. The first version was relatively flexible in this area but again, some limitations existed that have now been enhanced. The final change seen in the new version of Breeze is that customers can request to have the second, temporary password sent via SMS to the iPhone resent.

Initially, this second PIN was initiated once the bank customer logged into the Standard Chartered Bank website with the standard user name and password. From there, the customer would wait for the SMS to be received, at which time he or she would return to the site, enter the second password, and then have account access. With this change, if a customer were to log off only to remember another task needing to be done, rather than go through the entire process again, a request could be sent via Breeze on the iPhone, at which time the bank’s system would initiate a different temporary PIN. As time passes, more changes will be seen with Breeze, something of which bank customers are excited.

Agustin Valecillos here.
I’d like to tell you about the top 3 most frequent questions in Investment Banking interviews so that you can prepare the answers, impress the interviewer and land the job. I my 7 year career as a Vice President in a Bulge Bracket Investment Bank I have seen many excellent candidates fail and I want to help you avoid it.
The first one (and these are in no particular order) is how do you calculate an options’ delta?
This is one of the more technical ones you may be asked it during a sales and trading interview but maybe not if you are applying for a corporate finance role.
I would answer “An options’ delta can be calculated in 2 ways, either with the Black Scholes models or numerically”.
By differentiating analytically the formula you can get the sensitivity of the option price to the underlying asset, and that is your delta. Numerically, you can just bump the underlying up or down by a given amount (this method is technically called “finite differences”) and you can figure out how much the option price changes by.

The second question is “why do you want to work for us”?
Every time you get this question you should be jumping up and down out of happiness in your mind. I can guarantee you will get this 99% of your interviews and it’s one of the most important questions overall in an interview. So prepare for it and make sure you have an outstanding answer. Don’t just prepare an answer, prepare and outstanding answer. It needs to be outstanding. Get it?
I usually structure my answer in 3 bullet points, from the most to the least important. Make sure every bullet point has a statement and proof with example from your CV of the statement. One day I may put together a stand-alone piece on how to answer interview questions, but that’s a different topic to itself.

The last most frequently-asked question is “Estimate the annual demand for car batteries in XYZ country”. Now, this one may surprise you and seem completely impossible if you haven’t come across this type of questions before. They are also very frequent in consulting interviews. The end figure you come up with doesn’t matter, no-one (not even the interviewer) knows the answer for that matter. This is all about checking you are a logical thinker. On this one think out loud, don’t think just in your head. You are getting the question wrong if you are just trying to come up with a number in your head.
The population in XYZ country is about 100 million (if you really don’t have a clue, just assume) and assuming there is a car every 2 people, that is 50 million cars. Let’s say an average car needs to have the battery replaced every 5 years, that’s 20% of cars needing a new battery every year. So that’s 10 million batteries. You could also add something about new cars, etc.
If you found this insider information helpful, make sure to get my free report, 5 Reasons Why Good Candidates Fail Investment Banking and Other Interviews.
Its free and it contains 5 of the biggest causes for why great applicants fail to land their dream investment banking job over and over. Just go to http://ww.bankinginterviewsuccess.com. See you there!