The banking sector in India
The banking sector is one of the only sectors in India which never sees a recession in terms of employment. This is because the banks are in abundance and due to new financial schemes of the government, more and more big companies are moving towards having their own banking facilities providers.
Whether it is a private bank or a government bank, the sector never seizes to increase their employment rate on yearly basis, the reason being it is one of the most secured sectors in terms of financial securities.
The job security and the lucrative benefits of lesser working hours have made the banking sector, an attractive job opportunity for many of the graduates in India and since last decade, a large number of institutions and courses relating to the banking sector have emerged and excelled in this field.
Some of the promising career options in Banking Sector
- Account manager
- Financial Analyst
- Bank Teller Jobs
- Loan Officers
- Investment bankers
- Bank Marketing officers
- Financial Advisors
- Bank Probationary Officers(PO’s)
- Bank Managers
- Agricultural Field Officers and many more.
Minimum qualifications to appear for a Banking related exam
You need to be a graduated individual with a degree from any government recognized institution and you should have a minimum passing threshold.
You need to have a proper certificate or Diploma from any government or Private organization in the Computer language and basic operations learning courses.
Some of the biggest Banking Sector Exams held in India
- Reserve Bank Of India Grade B officer banking Exam- This exam is held by the RBI itself and it can give you a promising career in the RBI B ranking officers field which has a job security of another level.
- IBPS Clerkship Banking Exam- This is a good opportunity for the people wanting to be a reputed clerk.
- State Bank Of India Probationary Officer Banking Exam- The SBI does not need an introduction as it is one India’s biggest banks and it does not accept the scores of the IBPS exams and conducts its own exam for the Probationary officer post and many other Clerk posts.
- RBI Office Assistant Banking Exam- Coming back to RBI, this is also an amazing opportunity for the graduates who want to have a stable and reputed job in the Government’s own bank with lucrative benefits.
- National Bank of Agriculture and Rural Development Banking Exams- NABARD is an organization which is working for the betterment of the agricultural sector of the country since many years and by getting into this sector, you will have a different level of moral satisfaction more and above all the other government sector benefits.
Courses relating to the Banking Sector after Graduation
- M.Com in Banking and Finance- 2 year course.
- MBA in Baking and Finance- 2year course.
- PGDM in Banking Management- 2 year course.
- PGDM in Banking and Financial Services- Diploma course for 2 years.
- M.Voc in Banking and Insurance sector- 2 Years course.
- Short- term Post Graduation Diploma in Banking operations- 6 months course in total.
- Professional Programme in Commercial Banking- It is an advanced certificate course of 2 months duration.
Banking courses scope in India
After completing the MBA or any of the PGDM course from a well recognized government approved organization, a deserving candidate can get upto 5-12 lacs per annum according to the job he has applied for.
If a person goes for Banking PO’s then the salaries go up-to 4 lacs per annum and big Banks like SBI could also offer a salary of about 5 lacs per annum.
Also browse Banking, Finance & Insurance colleges in India fees, ranking, cut-off at https://www.shiksha.com/banking-finance-insurance/colleges/colleges-india