What is S.M.E. Banking & How to Make a Career in S.M.E. Banking?

The Indian Banking and finance sector is growing with the modern world. In this sector, there are a lot of job opportunities for the young generation. Today, we have many advanced courses available in the finance and banking sectors far better than traditional courses. Nowadays the Indian banking sector has increased, with commercial and co-operative banks having more than 67000 branches across India. According to the survey, by 2040, India will become the third biggest banking hub globally. 

Globalization has given a great opportunity to the banking sector to create giant jobs in this field and give a new direction to this sector. Many banks have opened their S.M.E. banking, which means, ‘Small Medium Enterprises.” If you want your new career direction in the banking sector, you can become an S.M.E. banker. In this concern, there are certification, diploma, and PG diploma courses available. These courses help you make your career path in private banks and apply in trade x created by the Reserve Bank of India. 

What is S.M.E. Banking? 

This banking sector helps grow those business entrepreneurs running their small or medium businesses or thinking of starting their own start-ups on a small or medium scale. S.M.E. also performs some duties in general business, finance, & marketing. Across India, more than 2 crores 60 lack Small and Medium Businesses are working and have created more than 8 crore jobs. S.M.E. has a 10% contribution to our country’s GDP. And, S.M.E. bankers provide funds to these businesses only. 

What Is the Job Role of an S.M.E. Banker? 

S.M.E. bankers are an essential part of S.M.E. banking. S.M.E. banker faces the exact same responsibility and challenges as a corporate banker faces. The main work of S.M.E. bankers are to check the reliability of the person who is willing to start a start-up or running a small or medium business. And to provide funds or loans to only reliable customers, who are looking for a sound business profile and can provide jobs in the upcoming time. 

Read: What is Affiliate Marketing?

Career Options in S.M.E. Banking 

Both government and private banks have shown and created platforms to provide relevant funds and loans to Small-Medium enterprises. So those small businesses can also grow and benefit. There are some fields like Trade x of Reserve Bank of India, S.M.E. Connect of State bank of India, money and finance, HDFC S.M.E. banking, etc.

 

The field, as mentioned above, can be studied by interested candidates. 

What Courses are Available for SME Banking?  

Global PG Diploma in Banking and Finance, this is a one-year course. In this course, the student learns about banking concepts, finance management, trade finance, forex, finance S.M.E., and many similar aspects. Also, the student is being taught about the share market, the basics of computers, and trade communication. The student learns how a professional banker and trader perform duty in any situation. The candidate also knows about handling leadership sub-meet, banker meets. 

Top Places to Study SME Banking

Many institutions provide this course; some of them are;

1. Indira Gandhi Open University, New Delhi (www.ignou.ac.nic)

2. T.K.W.S. Institute of banking and finance, New Delhi (www.tkwsibf.edu.in)

3. Manipal University, Karnataka (www.manipal.edu)

4 Aligarh Muslim University, Uttar Pradesh (www.amu.ac.in) 

What are the Eligibility Criteria for S.M.E. Banking?  

A graduate or any final year student of any stream can apply in this course of banking and finance. Candidates having at least 50% in graduation can apply for this course. Students of B.SC., BA, BBA, and BE show their interest in this field because this S.M.E. Banking field generates substantial job opportunities.

What is the Salary of an SME Banker in India? 

In this sector, there is no doubt about job opportunities and a good salary package. If you are a fresher and join as an S.M.E. banker, your monthly salary stands between 20,000 to 30,000 rupees. But as you gain some experience, then it reaches up to 1,50,000 to 2,00,000 rupees. 

What is the Salary of an SME Banker in the USA?

The salary of SME bankers in the USA is around $51,000 to $91,000 per annum. Its an average salary that most SME banker can make with their skill and if they get placed with good financial institution.

Conclusion 

In the end, S.M.E. Banking is a great field. If you want to make your career a secure and handsome path, you should consider becoming an S.M.E. banker. If you have any queries, then please comment below, I will reply. 

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