What Is The Role Of A Credit Analyst In Banks?

A credit analyst has an important role to play in the banks. The department is somewhat different from the common departments which render their services to the customers. It is a credit analyst who is responsible for assessing a loan applicant’s creditworthiness. A lot depends on the area of the functionality which the student chooses after finishing their course in the bank training academies in Delhi. Based on the same they are to analyze the credentials either of the individuals or companies. As credit analysts, you have a lot of potential of getting hired by commercial and investment banks, credit card issuing institutions, credit rating agencies and investment companies.

Advantages of banking

A credit analyst is tasked by the banks for gathering and analyzing financial data about clients, including paying pattern or history, earnings and savings information, and purchase activities. Once the data is collected from the customer, the credit analyst evaluates the data and recommends a course of action for the customer. Credit cards issued and the subsequent follow-ups of the payment is also an area looked after by the credit analyst. They are to issue credit cards, collect data about clients who have defaulted on their payments. This data is very vital as they decide the future course of action with regard to whether the card should be closed or the credit line is to be reduced. Again they are not restricted to clients who have defaulted on their payments. A credit analyst has to be up for the job of addressing the queries of the potential customers seeking new credit or customers who are being considered for credit line extensions.

In addition, there are also a few qualities that a credit analyst must possess. These skills may not be academic in nature but it has an equal amount of significance.

  • Diligence: One must be at their best when it comes to exercising their wits as a credit analyst. The profession demands great attention to detail. The credit analyst must not miss any piece of information or data that is missed as this lead to an incorrect analysis of a customer and may cause potentially costly problems for the client involved.
  • Written and Oral Communication Skills: A credit analyst must be able to effectively jot down and analyze the decisions of a variety of people, either orally or in print. The ability to better communication can help in the resolution of the issue faster.
  • Knowledge of Industries: The knowledge of industries has to be vast as a credit analyst is assigned to work with companies and firms that operate in a particular industry. This requires a great understanding of the ins and outs of a particular industry can come in handy. If you don’t know many industries, just be sure to do your research before you show up for an interview.
  • Experience with Financial Software: In this age of technology, the fluency of software use is a must. Be sure to acquaint yourself with software like Microsoft Excel in regards to the shortcuts, the tools of calculation, analysis of numerical data etc.

Structure and Teaching of Financial Market

In recent years the importance and need to study a Master to specialize and obtain specific knowledge and skills that open the way to the business world has been increasing. The competitiveness and the excess of people with training make this a good way to stand out and lead the market, so it is essential to find the best Master and be accepted to enter it.

Start as soon as possible!

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It seems simple, but it is the most complicated of all. It is a really important decision but, not for that reason; we must delay the process a lot unless we have good reasons to do so.

Once you start the application process, you will feel connected to the university and will be much less likely to make excuses about why now may not be the right time to start a graduate program.

Accept the fact that there will never be a perfect time to return to school and begin the application for your program and invest in your professional success.

When you decide to study an area of finance such as financial markets you should know that you will find in the syllabus issues such as those that have to do with the taking and analysis of risks, strategic management accounting, investment strategies and the valuation of the company.

Teaching Guide for Financial Markets

Within the practical guide of banking courses after b.com, you can have Continue reading

Done With High School- Here Are Your Options

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As the parent of a teenager with learning and attention issues, you may be wondering what options your child has once he or she finishes high school. The school may have been difficult for him, but many paths can lead to an independent and happy life. These are the most common new courses after graduation.

University or 4-year colleges

The university or the 4-year study programs offered by the schools will prepare your child for a wide variety of professional careers. However, they can be a challenge for any student because they require a lot of dedication and there is little supervision. Also, there your child will not have an Individualized Education Program (IEP) to help him/her.

Two-year colleges

A college with two-year study programs can be a great option if your child is not sure what they want to study, or is not ready for a four-year career. Your child will develop their skills and receive professional training that requires a two-year degree. These programs offer the option for the student to switch to a four-year program at a university or college.

Two-year colleges offer diploma in banking and training for vocational courses and programs. They can teach you how to manage their time, study techniques and get used to the Continue reading

Best Course and Career Options for Commerce Students

Merely having an undergraduate degree in the field of commerce is not enough. To get a better position, you need to pursue postgraduate or special short-term business courses. Profitable businesses like banking and finance, the stock market, insurance, capital markets, financial planning, equity research, accounting, etc. are in different areas. However, the problem is that when there are so many courses available in the Commerce sector, selecting the right course to get the best job becomes a tough task.

Here, after receiving a bachelor’s degree in commerce, we give the list of courses based on the best jobs below:

Regular Postgraduate Courses

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Post Graduate (M.Com) in Commerce: After completing B. Com, most students prefer M. Com or Post Graduate commerce. It is a 2-year course and in which students opt for specialties such as accounting, finance, business studies, statistics, taxation, economics, marketing, and management, etc. M.Com should be done by the AICTE-approved colleges and universities, and this degree should be recognized by the government.

Master’s in Business Management (MBA): MBA courses can be done after B.Com, which is a popular job oriented course. Can anyone graduate this 2-year course from a recognized university? However, to get admission in MBA Institute, they have to cross their entrance exams, group discussions and interviews. Bachelor should opt for specialization in Marketing Management, Financial Management, Human Resource Management, Banking and Insurance Management, Planning Management for better job prospects.

CA or CS or ICWA: (CA) Chartered Accountancy, (CS) Company Secretary, (CWA) Cost and Work Accountancy are popular courses of commerce students offering plenty of job opportunities. Each course is run by three different institutions, one of which is Chartered Accountant (CA), The Institute of Chartered Accountants of India (ICAI), second Institution of Cost and Works Accountants of India (ICWAI) and the third company’s secretaries, Off the Company Secretaries of India (CWA).

Top Emerging banking courses in Delhi

Certified Bank Manager Program: It is a two-year private bank training providing jobs in banking and financial services, money, treasury, banking laws and regulations, risk management, credit, and banking Continue reading