Synchronized with Competitive Exams colleges in India
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The Indian banking sector is fragmented, with 46 commercial banks jostling for business with dozens of foreign banks, Rural and Co-operative Banks. Public sector banks in India employ more than 7 lakh people at present. To take up, the growing business banks are recruiting on the large scale these days.
Bank job offers quicker promotions with the scope of rising up to even General Manager’s level in a bank branch. Numerous banking job opportunities are available every year. About 60,000 openings are announced by IBPS alone every year.
The most popular opportunities in this sector are RBI Grade B Officer and Assistant level jobs as well as Specialist Officer (SO), Probationary Officer (PO) and Clerk job openings announced by Institute of Banking Personnel Selection (IBPS), State Bank of India (SBI) and Regional Rural Banks (RRBs).
A career in the banking sector is very promising because of a number of factors. Mobile and internet banking service banks in India are focusing more and more to provide better services to their clients and have also started upgrading their technology infrastructure, which can help improve customer experience as well as give banks a competitive edge.
Online shopping and e-commerce have caused expansion of banks and creating more banking jobs. Owing to privatization lots of new branches are coming and there is the tremendous expansion of new generation bank. Now the banking industry provides sufficient room for graduates in any field.
B Com graduate can get placed as a sales executive for loans, mortgages, and insurance in any of the leading banks. For that, the basic skill is good communication. MBA in finance from a good B-school can easily be placed as a relationship manager in a good salary.
The bachelor’s degree program in Banking and Insurance offers specialization in areas like Effective Banking Communication, Laws relating to Banking & Insurance, HRM in Banking Organizations, Strategic Planning in banking organizations etc.
Banking as a career provides opportunities to students from all subjects. A B.A student with excellent communication skills can actually get placed with a banking BPO as process executive. Companies such as GE Money, Max New York and leading banks such as ICICI, HSBC, HDFC, Standard Chartered, American Express, to name a few, select students from colleges for their BPOs and KPOs. Several banking companies recruit Indian students from the IIMs, XLRI, FMS and other popular colleges every year for pay packages not less than Rs. 10 lakhs per annum.