Career as a Banker



Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. They offer savings accounts, certificates of deposit and checking accounts. Banks use these deposits to make loans. These loans include home mortgages, business loans, and car loans.

The banking sector is considered to as the backbone of the Indian economy and offers various career opportunities to students from all fields: science, commerce humanities. You need to good in analyzing numbers with strong mathematics so that you can interpret and analyze numerical data. It is one of the lucrative careers especially for the people who are looking job in government sector.

Job Profiles
Ø  Agriculture Officer
Ø  Assistant Manager
Ø  Bank Manager
Ø  Clerk
Ø  Consultant
Ø  Credit Officer
Ø  Grade B Officer at RBI
Ø  Insurance Officer
Ø  Investment Banker
Ø  IT Officer
Ø  Law Officer
Ø  Loan Officer
Ø  Market Analyst
Ø  NABARD Officer Grade ‘A’
Ø  PO (Probationary Officer)
Ø  Sales Executive

Eligibility
A graduation degree in any discipline is sufficient to participate in the recruitment process

Courses
Certificates
Ø  PG Certificate in Banking
Ø  PG Certificate in Banking and Insurance
Ø  Certificate in General Insurance
Ø  Certificate in Health Insurance
Ø  Certificate in Telebanking
Ø  Certificate in Banking and Sales Management
Ø  Certificate in Investment Banking

Diploma
Ø  Postgraduate Diploma in Banking Operations
Ø  Postgraduate Diploma in Banking
Ø  Postgraduate Diploma in Retail Banking
Ø  Postgraduate Diploma in Branch Banking
Ø  Postgraduate Diploma in Banking and Insurance
Ø  Postgraduate Diploma in Investment Banking
Ø  Advanced Diploma in Banking and Finance

Bachelor
Ø  B.Com. (Bachelor of Commerce)
Ø  Bachelor of Economics
Ø  CA (Chartered Accountancy)
Ø  B.Com. (Banking and Finance)
Ø  B.Com. (Banking)
Ø  B.Com. (Banking and Insurance)
Ø  B.Com. (Banking and Taxation)
Ø  BBA in Banking and Finance
Ø  BBA in Banking and Insurance
Ø  B.Sc. in Banking and Finance
Ø  BA (Banking)
Ø  BBA + MBA (Integrated course)

Masters
Ø  M.Com. (Master of Commerce)
Ø  Master of Economics
Ø  M.Com. (Banking and Finance)
Ø  M.Com. (Banking)
Ø  M.Com. (Banking and Insurance)
Ø  M.Com. (Banking and Taxation)
Ø  MBA in Banking and Finance
Ø  MBA in Banking and Insurance
Ø  M.Sc. in Banking and Finance
Ø  MA (Banking)

Admission Criteria
Reputed institutes rely on merit based admission process. Such institutes make use of relevant entrance test to select deserving candidates.

Investment Banking:
Ø  Do an MBA from a top Indian/Global B-School.
Ø  Do a CFA. 

Retail Banking:
Ø  Go to a Tier I Business School / Tier I grad school for interesting, central /strategy roles.
Ø  Go to a Tier II business school for Branch backing/support roles
Ø  Join a Manipal /IIBF program.

Banking:
Ø  Give PO Exams for various PSU Banks.
Ø You could also join Banking via specialized jobs or support activites such as Marketing/HR/Compliance/Tech functions.
Ø  There are no educational/cultural/work experience barriers to banking. It's not a specialized profession but you are best off with either extremely strong quantitative skills or either extremely strong sales skills. 

A graduation degree in any discipline is sufficient to participate in the recruitment process. The selection process includes written aptitude test (Quantitative Aptitude, Reasoning Ability, English, General Awareness and basic computer Knowledge) and interview (only for officer posts).
Here are a few well-known banking entrance examinations:

Ø  IBPS Common Written Exam for Probationary Officer (IBPS PO)
Ø  State Bank of India Probationary Officer (SBI PO)
Ø  IBPS Common Written Exam for Clerical Recruitment for PSUs
Ø  State Bank of India Clerical
Ø  Common Written Exam for Regional Rural Banks
Ø  Common Written Exam for Specialist Officer
Ø  IDBI Bank Executive Exam
Ø  RBI exam
Ø  RBI assistant exam
Ø  NABARD AM exam
Ø  Others

Subject/Syllabus
Ø  Principles & Practices of Banking
Ø  Marketing of Financial Services
Ø  Information Systems for Managers
Ø  Corporate Social Responsibility
Ø  Business Economics
Ø  Accounting & Finance for Bankers
Ø  Organizational Behavior
Ø  Taxation – Direct and Indirect

Some Institutes/Colleges/Universities
Ø  Indian Institute of Banking and Finance, Mumbai
Ø  C-Apt Multimedia Academy, Kerala
Ø  KES Shroff College of Arts and Commerce, Mumbai
Ø  AFC Institute of Management and Technology (AIMTEC), Mumbai
Ø  Innovative School of Business and Management (ISBM), Gujarat     
Ø  Erode Arts and Science College (Autonomous), Tamil Nadu
Ø  Tilak Maharashtra Vidyapeeth, Pune             
Ø  St. Joseph’s Indian Community College (SJCC), Karnataka
Ø  Greenway Institute of Management Studies (GIMS), Uttarakhand  
Ø  Narsee Monjee Institute of Management Studies, Mumbai               
Ø  Annex College of Management Studies, West Bengal

Cost of the Course
The program fee ranges approximately between ₹ 7,500 - ₹ 1,00,000.

Careers Prospects
Banking has always been a lucrative career for young graduates. With the push of financial inclusion, new banks coming in and the initiatives taken by the Indian Government to prioritise JAM (Jandhan, Aadhar, Mobile transactions), the Indian economy is exponentially increasing the opportunities, especially for Banking aspirants. RBI has issued 21 new banking licences out of which 11 new banks are already operational. They include two full-service banks (IDFC and Bandhan), seven Small Finance Banks and two Payment Banks.

The sector is in the huge need for manpower as Government of India is taking banking to remote areas also by opening new branches. It is also considered one of the socially respectable and secure job. Opportunities in banking sector in India are enormous. It is estimated that in the coming few years over 5 lakh fresh jobs will be up for grabs.

Employment Sector
Ø  Public Sector Banks
Ø  Private Sector Banks
Ø  Multinational Banks
Ø  All Financial Institutions

Income                                
Starting salary of a Bank employee depends upon a number of factors, like:
Ø  Level of education (UG, PG etc)
Ø  His/her specialization
Ø  The domain he/she has chosen
Ø  Job location
Ø  Job post
On an average, starting salary could be anywhere between₹  25,000 – ₹ 60,000 per month. In case of a Government job, the salary will be as per the pay scale and grade.

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