Certifications have been key players in making a profile look fancy when it comes to getting hired by a company. Certifications help the recruiter understand the proficiency of an individual in a quicker way. Though certifications are treated as entry gates to interviews, the knowledge that lies within is phenomenal. Certifications might earn you a seat in the interview hall, but it's your knowledge that is certainly going to fetch you the job.
Coming back to the topic, which is banking, there are certain certifications that are considered to be "must have" in order to specialise in different areas in the banking space and earn a hefty salary.
The CFA designation is one of the most popular certification for finance and banking professionals. The certification is administered by the Chartered Financial Analyst Institute. The CFA program comprises three levels that professionals are required to complete and pass.
The Certified Financial Planner Board of Standards offers CFP certification. You are required to complete a course comprising over 100 topics. At the end of the course, you will attend a seven-hour test. Banking professionals with CFP certification are qualified to work in wealth management, private banking, and retail banking.
The CAIA certification is designed for professionals who want to build a career managing alternate investments such as asset management and hedge funds. The CAIA course is structured into two levels, and it takes about 12 to 18 months to complete the coursework and sit for exams. It covers multiple topics such as risk management, asset allocation, hedge funds, private equity, and real assets. It is a complete value add to your profile.
The FRM certification is provided by Global Association of Risk Professionals (GARP), and you are required to complete detailed coursework and pass a two-part eight-hour test.
Once you pass FRM certification course, you will end up working in banks as risk analysts and risk officers, and help private clients in making crucial investment decisions and mitigate risks. FRM-certified professionals use financial instruments to manage exposure to major financial risks.
The CPA certification is offered by American Institute of Certified Public Accountants (AICPA). It is highly considered in American and other global markets for hiring individuals.
Being an investment banker myself, I understand the value of banking certifications and banking certification courses. If you wish to check out my course on growing in banking sector, Check out our Products Page.
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