Banking sector, the backbone of the country’s economy, has emerged as the fastest growing industry vertical. India has one of the most disciplined and sound banking systems in the world. With rapid growth and advancements, the banking sector in India is gearing itself. Furthermore, the increasing focus of the Indian Government on a cashless economy and financial inclusion surely indicate the need for more workforce. Certainly, all these spell alluring prospects to thrive in the banking sector. Potential and performance are the key requirements to have a competitive edge in the industry. So, let’s have a look at different posts, skills required, and banking courses for job.
Every year banking sector recruits personnel for multiple posts, including Clerical cadre, Management trainees, and Probationary officers. With the emergence of technology, new private and payment banks, the scope and range of banking service and banking operations job is widened. With banks now in the consumer loans, mutual funds, business credit cards, securitization, housing loans, trading in gold and forex activities, there are career opportunities as Financial Service Representatives, Bill and Account Collectors, Bank tellers, Financial Managers, Loan Officers, Audit Clerks, and Bookkeeping.
Numerous popular banks offer such courses themselves. Some prefer to go for Bank Probationary office examinations. One can qualify through the examinations and get placement in the related bank. Certainly, there is high competition. Let’s have a look at a few renowned banking entrance examinations.
- State Bank of India Probationary Officer (SBI PO)
- Common Written Exam for Specialist Officer
- RBI assistant exam
- IBPS Common Written Exam for Probationary Officer (IBPS PO)
- RBI exam
- IBPS Common Written Exam for Clerical Recruitment for PSUs
- NABARD AM exam
- Common Written Exam for Regional Rural Banks
- State Bank of India Clerical
- IDBI Bank Executive Exam
- Others
Aspiring students from different fields, including commerce, business, arts, and engineering, pursue banking courses with placement after graduation. Many banking certification courses are available after graduation. Degrees and diplomas in banking courses aim to arm students with technical and non-technical aspects of the banking field.
It is true that sales manager, Assistant manager, clerk are still in demand; however, technology advancement, intelligent automation, and digitization are changing the job prospects in the banking and finance sector. This has given rise to several posts like Virtual relationship manager, acquisition manager-digital banking, sales manager-business banking, regional program manager, personal banker, service relationship manager, sustainable wealth manager, and many more. This is the right time to invest time and effort and prepare for the best career prospects. Pursuing short-term diploma courses can also offer good job opportunities. Advanced banking certification courses focusing on advanced banking and financial concepts, finance regulations, etc. can help you work in higher-level banking positions.
So, what are you waiting for? Start preparing for an interesting career full of tremendous opportunities in the banking and finance sector and prepare for the flourishing career path.
