The banking sector in India is considered as the backbone of Indian economy. As India is heading towards the digitization of the banking system it needs extra manpower to reach the target. Currently more than 8, 00,000 people are working in PSU banks and much larger workforce of the banking sector work in private banks. With the growing economy and requirement of more and more banking services, it seems that the number of private banks will increase in India resulting increase in jobs in private banks.
Banks keep them upgrading with the latest technology. With the entry of much technology-driven banks and payment banks enhance the chances of jobs in private banks for graduates.
Scope in Private Banks:
Bank offers multiple vacancies such as clerks, management trainees, probationary officers, etc. Many other frontend and backend jobs available in the bank are bank telesales executive, financial service representative, financial managers, bill and account collectors, loan officers, audit clerks, bookkeeping, etc. It is seen that a large number of workforce is required to run such a giant business.
What Qualities are required in the Banking Sector?
Your job as a banker involves dealing with the numbers and a customer-centric approach at any given time. You will be involved in meeting with clients all the time. Hence, if you have good command over numbers and positive attitude, you can join banking. Some other qualities required are:
- Excellent communication skills
- Good analytical skills
- Interpersonal skills
- Can work in a high-pressure environment
It is a white choler job hence you need to dress up properly in formals and have a descent look as you need to interact with bank clients to provide solution and services for their queries.
What are requisites to become a banker/ how can you make a career out of banking sector.
You have to qualify the banking exam to get the banking job. To prepare yourself for banking exam you can join any private banking training institute. Make sure that you have strong analytical, numerical and communicational skills to clear bank exam.
You should possess a graduate degree to appear into any of above-mentioned exam. The candidates will be selected on the ground of written test for:
- Quantitative aptitude test
- Reasoning ability test
- General awareness and
- Basic computer knowledge
To apply for the post of officer you have to clear an interview also.
What are the careers growths involve in the banking sector?
Growth is not a constraint for deserving employees who have the potential to prove their performance. As a result, knowledgeable and hardworking employees can move forward in their career. Most of the banks offer a chance to deserving employees to become General Manager in a period of 14 years or less.
Many banks that operate internationally have branches in other countries. Hence you can get an opportunity to work abroad in their respective branches. You may get a transfer in branches located outside India. It is seen that the banking sector provides more opportunity for growth as compared to other industries.