A bank is a financial institute which act as an intermediate between borrower and lender, a person who have excess of money and have no use at all deposits its money to bank, on the other hand a person who have need of money the banks lend money to them.
In other words we may say that those who have money but do not have skill to utilize that money or may be who are not risk taker, they just want bread and butter for free they deposit money in the bank, and those who have skills but they are risk taker, they ask banks to provide them loan. The bank pay interest to a person who deposit its money for certain time and also charges interest from those who takes loan from bank , this is how a bank works.
Suppose Mr A has a salary of $ 5000 where as Mr A’s monthly expenses are $ 3500 the remaining amount Mr A deposits to a Bank in saving account and ask for interest, Mr B knows the tactics of making profit with some investments but He do not have amount to invest, He will ask from bank to provide him loan, the bank will provide an interest rate of 6% to Mr A and will charge 10% to Mr B the differential percentage will be kept by the bank through which a bank bears its expenses .
Now let’s talk about doing Masters in Business Administration in Banking, an MBA degree holder always have an edge on the market as it has worth, more than 60% of candidates who holds master degree in business administration are on key position, but the specialization in banking particularly have an additional benefit on the banking sector specifically.
A person who has MBA in Banking can be hired as a Branch Manager and than slowly gradually can be promoted to President of the Bank, but for such position an individual must perform the required tasks that are necessary, such as a manager must have enough diplomatic techniques to handle with multiple clients and have smiling face during its hard days. For a manager it is must that the person must always bring some deposits from which a bank bears its expenses.
Masters in Business Administration has a vital role for acquiring a good job position with good pay .
Masters in Business Administration offers covers all the basic concepts of management with specialized training in courses which are may be the Risk Management, Investment Banking, International Banking, Operations and Production Management and so on. The completion period of Masters in Business Administration is from 1.5 year to 2 years, containing 4 semester. Those candidates who acquire admission in MBA in Banking are entitled to study thoroughly to understand the field of banking .
Specialization in banking is usually offered by financial departments, which provides all the necessary education for a good career in commercial and as well as in non-commercial organizations.