Courses in Banking & Finance

Today’s IT industry is facing hard times. And that impacts your career, too. You do need to work smarter, to ensure that you are not the one getting laid off – and your career grows, despite the industry slow down.

Any software professional needs to have:

(i) Technical Expertise

(ii) Project Management (If you are growing as a TL→ Project Manager)

(iii) Domain Knowledge

Every professional develops the first two, with a few years’ experiences.

The component that will make or break your career, is your domain expertise. Typically, a software engineer takes about 5 to 7 years to develop expertise in any domain that they are working in like Banking and Financial Services, Telecommunications, Healthcare etc.. I have seen Project Managers, with even 10 years’ experience, looking blank while talking to clients – their lack of domain knowledge really impacts their growth!

It is critical, therefore, that you start building that knowledge now. The best way to do it is, to take up a recognised, online certification course – and the best domain is BFSI. BFSI contributes 30-40% of an IT company’s revenues!

Here are some of the best training and certification programs for IT professionals, to improve their domain knowledge in Banking and Financial Services.

1. Business Analyst Training with Banking Domain by TechCanvass

Courses in Banking & Finance

The program is a hands-on course to help you become an IT business analyst. It also offers a small component of training, in the Banking and Finance domain. So, apart from helping you master industry-relevant business analysis skills and preparing you for an ECBA certification (ECBA is Entry level certificate offered by IIBA – International Institute of Business Analysis;  to build and validate their Business Analysis knowledge, it is a globally recognized certificate), the program also helps in gaining banking domain knowledge. The program is available as a self-paced online, live online or classroom training.

However, the downsides are, that much of the banking domain training seems to be focussed towards the Indian banking industry – for example, the payment methods are NEFT, IMPs etc., which are Indian payment systems. These are not relevant for an IT professional, who predominantly works with clients from US/UK. The extent of coverage of domain training is not high. Also, the self-paced learning is – just a voiceover reading out the contents of a ppt. No interactivity, which makes it boring.

Course Level: Foundation (for domain training)

Pricing: INR19,000 + GST (Classroom), INR 7,900+GST (self paced e-learning)

To know more about the program, click here.

2. Certified Banking Domain Professional by MVL Consulting

Courses in Banking & Finance

The program gives a foundation in fundamentals of international banking. It covers various banking business lines, products, and services. The program might be a good choice for professionals looking to acquire knowledge of basic banking functions to aid in software development.

This is a virtual classroom training of two days and certified by MVLCO. The company is not widely known, so the value of the certification is unknown.

Course Level: Foundation

Pricing:INR 7,500 + GST

To know more about the program, click here.

3. FLIP – NCFM Programs for IT/KPO professionals: 

Courses in Banking & Finance

FLIP in association with The National Stock Exchange (NSE), offers FLIP-NCFM certification programs in areas like Capital Markets, Investment Banking Operations, and Risk Management, specifically designed for IT and KPO professionals with a focus on US, UK and India markets. The courses are online; the certification is by the National Stock Exchange of India (NCFM stands for NSE’s certification in Financial Markets). So, they are well recognisedNSE certification will be a clear differentiator on your CV.

The cost is also reasonable.

a – Banking Fundamentals International

This interactive online course gives an excellent introduction to banking products and key compliance, in the US & UK markets. This course is used by leading IT companies to enhance software professionals’ domain knowledge in BFS. This is an online training by FLIP, which is India’s leading online training company in BFS. It leads to a FLIP-NCFM certification, conducted by the NSE.

Course level: Foundation

Pricing (Training): Rs. 4,500 + GST

Note – You need to pay Rs. 1700+ GST separately to NSE, for the Certification Exam. So, the total cost is Rs. 6,200 +GST

To know more about the program, click here

b – Capital Markets Fundamentals International

This interactive online course gives an excellent introduction to Capital Markets, in the US & UK market. A lot of examples and practice papers give a good idea about the capital markets domain in a very easy to understand way.

Course level: Foundation

Pricing: Rs. 4,500 + GST

Note – You need to pay Rs. 1700+ GST separately to NSE, for the Certification Exam. So, the total cost is Rs. 6,200 +GST

To know more about the program, click here

c – Investment Banking Operations International

This program covers the Investment banking operations in international markets. It includes the trade life cycle of equities, fixed income, foreign exchange, structured products, and derivatives. This program is excellent for IT professionals aspiring to Analyst roles in Investment Banking domain.

Course level: Advanced

Pricing: Rs. 9,500 + GST

Note – You need to pay Rs. 1700+ GST separately to NSE, for the Certification Exam. So, the total cost is Rs. 11,200 +GST

To know more about the program, click here

d – Risk Management 

India’s only industry recognised certification in Risk Management; covering Market, Credit, and Operational Risk. This combines a FLIP NCFM certification in Market Risk, issued by the NSE and an industry recognised FLIP certification in Credit & Operational Risk. This course will provide you an overall knowledge required in banking domain for IT/KPO professional.

Pricing: Rs. 11,450 + GST

Note – You need to pay Rs. 1700+ GST separately to NSE, for the Certification Exam. So, the total cost is Rs. 13,150 +GST

To know more about the program, click here

 

Courses in Banking & Finance

 

Related Articles

Why an IT professional needs domain competency    Complete guide to NCFM certifications    8 parameters to consider to determine the best certification program

 

Related Courses

FLIP-NCFM Capital Markets Fundamentals International    FLIP-NCFM Banking Fundamentals International    FLIP-NCFM Investment Banking Operations International

Certification Courses in Banking & Finance, for IT Professionals

5 thoughts on “Certification Courses in Banking & Finance, for IT Professionals

  • April 23, 2018 at 12:30 pm
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    Need a banking domain certification

    Reply
    • May 3, 2018 at 5:12 am
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      Hi Priyanka,
      Thank you for getting in touch with us. Request you to share your contact number to hareesh.amjuri@learnwithflip.com. Our representative will get in touch with you.

      Reply
  • May 2, 2018 at 6:06 am
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    Hi,
    I have 8 years of experience in IT industry as a Mainframe developer and my designation is senior software engineer. Right now I dont have any certifications . I am planning to do some certifications which will be useful for my carrer growth. Domain certifications & DB2 certifications are in my mind.
    Please suggest.

    Reply
  • June 3, 2018 at 8:40 pm
    Permalink

    Hi Team,

    I have around 8 years of experience in IT along with banking domain for last 4 years.
    I have IT experience in data warehousing while in banking I worked on Credit Risk of Bank for 1 year and for last 3 years working as a Campaign Manager.
    I am currently working in Dubai for last 3 years.
    Till now I haven’t done any domain certifications but to add more knowledge I want to do some certification.
    kindly provide your inputs.

    Reply

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