Can IT people become Junior Associate of IBP (JAIBP) ?

Recently I got a message from a Banker who is in IT department of a Bank, asking that how she could pass JAIBP.

First of all I was a bit surprised to know that an IT professional wants to take JAIBP, instead of some .NET or CISCO certification. But then I went through the requirement of IBP which says

"All ardent knowledge seekers whether working in a financial institution or not

may enter in to this process. The entry qualification is graduation or equivalent

from a recognized university with minimum second class (marks obtained

45%) or masters in any discipline."

so this means that the IT people who have a bachelors degree can also become Junior Associate of Institute of Bankers Pakistan.

Hence, for those who want to appear in the next JAIBP and belongs to IT field should consider the following points,

Your main hurdles would be Accounting, Economics, Law related subjects.

In stage-I Accounting, Macroeconomics & Law would be tough. For those who don't have accounting background, I strongly recommend to take tuition for at-least three months and give max time to this subject.

Then come the Macroeconomics, and don't listen much to those who says that you can pass it by studying on the weekends.... I am afraid they are underestimating this. Macroeconomics and other JAIBP papers are becoming more practical and the objective section covers the subject comprehensively. So I strongly recommend that they should give more time to this subject too.

Law Relating to Financial Services is an interesting subject ... at least for me.

This subject is more interesting when you are experiencing all these laws in your banking life (if you are working in a bank).

In stage two ... the IT subject for IT people should be a piece of cake... even I got a distinction in that subject.

But Lending Operations & Risk Management is a hard nut there ! so beware of that and do prepare well for that.

Marketing and HR are subjects which could be covered through some self study.

In the third stage these IT people have to face tough time ! as Monetary Economics, Management Accounting & International Trade and FOREX Operations are very tough subjects for those guys ! So I recommend those who are in big cities, take IBP coaching classes... and its a must if you are in a bank ... I am sure your bank have a policy to pay for these classes and for the papers you pass.

Optional subjects are not that tough.

I have uploaded many books on accounting & economics. You can find the links in this blog somewhere !

So lets get started and take it seriously ... its not impossible.. just a bit tough ! And a person of IT background with banking knowledge have bright career prospects, because all banks are going online now and IT is a must for them now !

Good Luck !

"The more you sweat in Peace, the less you bleed in war !"