Banking Education is the education or a combination of course modules that have been designed keeping in mind the real-time & future needs of the banking sector. Every nation’s banking education course modules are designed with the banking industry players on board so that the outcome is recruitable in the nation’s banking sector straight out of the educational institutions without the need of any special training.
Why every nation needs to have a good banking education system
A good banking education system is crucial for its economic or financial development in other words future of the banking sector of a nation. Because to keep a nation’s banking sector working efficiently and effectively and apprised with global banking system, both the banking sector players and banking education sector players shall work in coordination with each other to develop education programmes whose fruits are the pupils with banking knowledge that can run the nation’s banking system in future both at local and international platform.
We will use a case study to illustrate how a world-class banking education system can help a nation do quality business globally.
Dr. Manmohan Singh, Ex-Indian PM during the UPA regime opened Indian Economy for the world, during his tenure as finance minister in the Rajiv Gandhi Regime. He was able to do all this because of the educational background that he had earned abroad, i.e specialized financial education he received in the developed nations and he applied the same concepts in a customized way to better the Indian economy.
He is the living legend, still considered the person who liberalized Indian Economy. A close look at his life background and his achievements reveal a strong link between his education and his achievements & unforgettable contributions to the Indian Economy.
To conclude, if we are able to establish a world-class banking education system in our nation that disperses knowledge about banking concepts that are at par with the developed nations, then our or any nation’s path to development via banking sector development is concrete.