With the new normal dawning upon us, the future has become completely digital first. Banking is not an exception to this. Things won't go back to the way they were anytime soon.
The banks of the future need to embrace emerging technologies, remain flexible and adapt to evolving business models. They can achieve this by putting the customer at the center of every strategy by understanding how to transform in a bold fashion.
A holistic understanding of integrated solutions will help you address the challenges and maximize the opportunities of the next-generation bank.
Lucrative opportunities in the industry are something an MBA professional can look forward apart from the existing ones.
Some of them are new jobs in various sectors of banking, financial services, insurance, fintech and startups.
Technologically driven solutions are at the heart of this revolution, one can say things are changing by the minute or even the second.
A career in this line would not only be supremely challenging but rewarding at the same time.
Why should you get an MBA in Digital Finance and Banking?
The BFSI sector is facing a challenge of the demand-supply gap of skilled and qualified professionals. The challenge is like a double-edged sword, where the existing workforce lacks technical expertise required to leverage the latest tools and platforms, there aren't enough qualified experts to fill the gap.
Particularly in the domains of AI & Machine Learning, Data Analytics, Industrial Relations, and Risk Management.
A professional needs to have a 360-degree understanding of the unique challenges and requirements of the BFSI industry.
Scope of the industry in our country
According to a PwC report, by 2050, India will become the third-largest domestic banking sector, after China and the US. This statistic indicates that the Indian BFSI sector is a highly promising industry that is likely to create numerous job opportunities in the upcoming years. As new technologies and tools enter the BFSI infrastructure, companies will look for certified experts who can take on niche technical roles and responsibilities.
Given that the BFSI sector is one of the most crucial pillars of the Indian economy, an MBA degree in this domain will always stay relevant, making you a valuable asset for any organization operating in the BFSI industry.
Conclusion
The plethora of opportunities in this industry will only grow in the coming years. Upskilling yourself will unlock avenues that will help you reach greater heights in your career.
O.P. Jindal Global University offers an MBA degree in Digital Finance and Banking. The program is powered by upGrad, India's leading online higher education company, and is delivered in an online + blended learning format.
The program is designed to impart industry-specific knowledge and skills. The program curriculum includes case studies, real-world projects, student-mentor interaction sessions, mock interviews, resume building sessions, and peer-to-peer networking. Together, they ensure that a candidate is well-groomed and prepared for all kinds of job roles in the banking and finance sectors.
The only question that remains is are you ready to embrace the future of Digital Finance & Banking?
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