Bachelor of Commerce in Banking and Insurance Top Colleges, Syllabus, Scope and Salary 2024

Accountants also perform administrative duties such as maintaining schedules, filing, providing telephone support, transcription and the production of forms. Accountant may have additional responsibilities if employed by an accounting firm.

They prepare tax returns and financial statements, and accounting firms represent clients on matters pertaining to their financial affairs. It is the staff Accountant’s responsibility to meet with clients to discuss their financial matters, equipment, real property, and tax liability.

Cashiers help customers select the right product, much like retail sales workers. They greet customers as they enter the store, answer questions about products. They assist in locating desired items and encourage the customer to buy the merchandise.

They may also set up store displays and perform cashier duties. Formal education is usually not required to work in this field, but companies that sell more technical items may prefer a candidate with a high school diploma. The training is generally offered by the employer.

Actuaries that work in the insurance industry generally specialize in either life and health insurance or property and casualty insurance. Integral role that an Actuary performs in insurance companies stems from their risk assessment research.

Research helps them forecast how likely it is for certain risk events to occur and how these events will impact their company with potential loss. An Insurance Actuary with a property and casualty specialization might calculate how many claims the company can expect to have as a result of car accidents.

They must also weigh an insured person's vehicle age, type, sex and driving history to devise a premium that is competitive with other insurance companies.

A Loan Counsellor works for a financial institution, processes a client's application materials, verifies the information and works with the client to come up with a financial plan. They explain the types and rate terms of loans available, and generate the legal paperwork necessary to complete the loan process.

They also answer questions about existing loans and assist struggling clients by rescheduling payments or restructuring loans to help them remain solvent.

A Financial Advisor may also be called a Financial Planner. There may be no official requirements for financial advisors; employers prefer those who have a college education. Colleges and universities offer undergraduate and graduate degree programs in financial advising.

Some degrees in business, accounting or finance are also recommended for those entering this field. Coursework in financial advising programs often includes retirement planning, investing tactics, and insurance.

Graduates need to take advanced math courses, and classes in economics and interpersonal relations. Graduate programs offer internships at banks and other financial firms where students can gain valuable real-life experience needed for the position.