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Former Member

Will FI/CO suits to Banking profile

Dear Experts / Seniors

I have 13yrs of Banking IT experience - Implementation & Production Support. Completed many implementation of Banking products & Parameterisation for many Tier 1 Banks across the globe. I am good and gained expertise in Banking area and OK in Finance.

Now i would like to take up SAP FI/CO training and complete the certification.

My question?

1) Is there any Module for SAP Banking. If yes what is the name of the module and what is the scope of the module in the current BANKING world?

2) How difficult it would be if I take up FI/CO module to pursue my future career?

My Goal:

- need to work with SAP Financial/banking module

Regards / Vageesh

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4 Answers

  • Best Answer
    Jan 30, 2013 at 03:50 PM

    Hello Vageesh,

    We have 4 curricula that are relevant for the Banking industry:

    1. Analytical Banking

    2. Transactional Banking

    3. Leasing

    4. SAP for Insurance

    Visit us here to learn more about the contents of these curriculum areas: https://training.sap.com/sa/en/courses-and-curricula/sap-for-industries

    The banking skills you have would make you an ideal candidate for completing any of the SAP for Banking training curriculum. Access the link I've provided to learn more about foundation knowledge and curricula learning objectives. Knowledge of the banking industry is key to maximize your potential.

    Regarding FI/CO: This is a different situation altogether. The FI (Financial Accounting) and CO (Management Accounting) applications require you to have foundation Accounting experience. In other words, you need to have completed several accounting courses in your post-secondary education in order to maximize your learning potential here. We don't explain what a "Chart of Accounts" is or how it is used, for example, we assume as an Accounting student, you already know this. We train you how to use SAP FI/CO applications to process the Accounting business transactions that you should already be aware of.

    So, in summary, although a Banking background would be complimentary to FI/CO, this doesn't mean that a person with Banking experience could pick up FI/CO without a problem. It would depend on your level of direct experience with Financial or Management Accounting business processes.

    I hope this information has been helpful. Feel free to reply to this post with any additional questions.

    Best,

    Regina

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    • Hello Karan,

      It sounds like you have the right background to consider a career in the SAP for Banking world. Just like your MBA has opened doors, I suspect that your education and work experience history together with a Certification in SAP for Transactional Banking or SAP for Analytical Banking would be beneficial for you. Learn more about our remote self-paced SAP for Banking eAcademies and certification here: eAcademies

      Best of luck!

      Regina

  • Jan 30, 2013 at 07:08 AM

    Discussion moved from About SCN to SAP Training and Education

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    Former Member
    Sep 20, 2013 at 02:11 PM

    Dear All,

    I`m from Brazil, and use all configuration for banks.

    in Brazil always processes are eletronic with the banks.


    If you have any questions call me please.

    tks

    Marco A. Magri

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    • Former Member Regina Gama

      Hi Regina

      Glad to thank you for your wonderful reply for the people who have great queries about their career plan in SAP.

      I am Manohar Gadwala, having 8 years of Experience in Retail branch banking. worked for ICICI bank ltd, HDFC Bank ltd and presently working for IDFC Bank ltd in India.

      I have done SAP FI and BPC certifications too.

      I was in an impression that if I do the SAP certification I will get an opportunity to get into the industry easily. But in reality I faced several interviews and all are offering the entry level with the least packages like 2.5 L to 4.5L. I think it is just because of the Supply is more than the demand in India.

      Don't know why, I am very much fond of canada. I have applied for PR and the same is in the process.

      My questions are:

      1. If I do SAP Transactional banking8.0 will my experience consider and give higher package?

      2. What is the way to get higher packages with the existing packages what I have in hand?

      3. How is the SAP Job market in CANADA?

      4. Will it be easy to get a job in international market as a fresher or with my background. if yes which countries have more openings and opportunities with attractive salaries.

      5. At present lot of competition is there in India in SAP modules. Suggest me how to come out of these obstacles and come to a lime light.

      Looking forward to here you on this at the earliest.

      Once again I really thank you and glad to see you helping people out there with your wonderful answers.

      Have a good day.

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    Former Member
    Dec 01, 2015 at 01:33 PM

    Hi, Vageesha,

    can you tell me if you were successful in clearing the SAP banking module, if yes were you successful in reaching your expected career goal?

    I too am in similar state in my career when i think itr right time to enter into SAP banking, but it being a costly training, I am doing my research on it.

    please share your story once.

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