Bank Managers are in charge of looking after a number of banks or a particular branch of a bank. Bank Managers are responsible for taking decisions such as employee work betterment, and giving loans and other financial aid to big businesses and organizations. Bank Managers are also in charge of overal the central management of the bank that they are associated with. Bank Managers are employed across various private and public sector banks with an average starting salary of INR 3.15 LPA. However, with gradual experience, knowledge and updated skills the highest salary of a Bank Manager can go up to as much as INR 20LPA.
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In order to become a Bank Manager, aspiring candidates can pursue various Undergraduate and Postgraduate Banking Courses or Management Courses from any of the top Banking Colleges across the country. Students can also take up various Banking Certification Courses and Diploma Banking Courses as well. Read More: MBA
The sections below will discuss all the necessary qualifications along with the top courses that can be pursued in order to become a Bank Manager.
Table of Content
2.2 Diploma Degree
Duties of a Bank Manager
Some of the major duties that are performed by a Bank Manager are listed below for your reference,
- Bank Managers develop new offers that profits the clients as well the bank
- Bank Managers develop new strategies and calculate logistics for a profitable and successful run of the bank
- They stay in touch with their clients and are in charge of issuing their grievances and other related factors
- Bank Managers prepare an annual expenditure and other operational and functional budgets for the banks
- Bank Managers are in charge of hiring and training new employees
Read More: Role of a Bank Manager
Qualification for Bank Manager
There are several degrees that can be pursued starting from Certificate courses to Postgraduate courses, in order to become a Bank Manager. Some of the essential qualifications that are required to become a Bank Manager are listed below for your reference.
Certificate Degree
The various Certificate courses that can be taken up in order to become a Bank Manager are tabulated below for your reference,
Course Name | Average Fees (INR) |
---|---|
PG Certificate in Banking | 50,000 |
PG Certificate in Banking & Finance | 50,000 |
Certificate in Banking Analysis | 20,000 |
Certificate Courses in Banking Management | 47,000 |
Certificate in Banking | 15,000 |
Read More: Certificate Banking Courses
Diploma Degree
The various Diploma courses that can be taken up in order to become a Bank Manager are tabulated below for your reference,
Course Name | Average Fees (INR) |
---|---|
Diploma in Banking & Finance | 40,000 |
Diploma in Banking | 40,000 |
PDG in Management in Banking, Insurance and Financial Service | 45,000 |
Read More: Diploma in Banking & Finance
Undergraduate Degree
The various Undergraduate courses that can be taken up in order to become a Bank Manager are tabulated below for your reference,
Course Name | Average Annual Fees (INR) |
---|---|
BBA in Banking & Finance | 9 L |
BBA Banking & Insurance | 10 L |
Bachelors in Banking & Financing | 7 L |
BSc Banking & Finance | 8 L |
BCom in Banking & Insurance | 10 L |
Postgraduate Degree
The various Postgraduate courses that can be taken up in order to become a Bank Manager are tabulated below for your reference,
Course Name | Average Annual Fees (INR) |
---|---|
MBA Finance | 5 L |
MBA in Finance Management | 6 L |
MBA in Banking & Insurance | 7 L |
MCom in Banking & Insurance | 1 L |
Qualification of Bank Manager: FAQs
Ques. How long does it take to become a bank manager?
Ans. After completing class 12th board exams, it takes for about 5-6 years to become a Bank Manager
Ques. What is the salary of a Banking Manager?
Ans. The average starting salary of a Bank Manager is around INR 20,000 and with gradual experience and exposure can be up to 1,50,000 a month.
Ques. What exam is required for bank manager?
Ans. In order to become a Bank Manager, there are several exams, but the one which is frequently opted in India is that of Probationary Officer.
Ques. Which bank pays highest salary?
Ans. State Bank of India, pays the highest salary across all public sector banks.
Ques. What is the minimum salary of bank manager?
Ans. The minimum salary of a Bank Manager is INR 20,000 which is the starting salary.
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