Jobs in Banking Sector

Bank jobs are consider as one of the most sought career after 12th and speciallyffor the commerce students in India. Good salary package, job security, supplementary benefits as well as very good scope for future growth are the main reasons why a large number of Indian youths after 12th and graduation has attracted to this banking jobs. Though a career in banking sector sounds like it is meant for commerce or finance graduates but it does not hold true in the modern age. Now a days, bank jobs provide equal opportunities for all the streams after 12th and graduates.

India is one of the fastest growing economies in the world with the growth rate of 7-10% per year. India economic growth has resulted in various career opportunities in Multinational banks, public sector and private sector banks based in India. Today we can observe that banks are into home loans, consumer loans, car loans, mutual fund, credit card business and forex activities. Every bank in India has been growing at phenomenal pace with 20-30% growth, year on year and all of them are centrally regulated by the Reserve Bank of India (RBI). Due to hold of RBI on all financial institutions, banks in India including both public and private sector banks are not only highly profitable but also very stable and growth in banking is creating thousands of bank jobs every year. 

These factors resulted in massive stability in bank jobs as well as high demand for banking service professionals. Banking jobs need professionals having good communication skills, project analysis skills, loan portfolio management skills along with good computer literacy. All public sector banks conduct recruitment in the form of written test and interviews at all India level for various banking job. If you look at any of the advertisement of any nationalised bank jobs recruitment drive, you can see there are opportunities for 12th pass with some computer knowledge at clerical level. Also there are general banking (Probationary Officer) posts for any graduates and special management trainee post in the field of Information technology, finance, and law practices and marketing executive jobs preferably for MBA in marketing. Even if someone joins Bank job at junior level (clerical) post he can reach senior position with experience and enhancement in educational qualification. Public sector banks pay around Rs 5500/- to Rs 9600/- per month as basic salary without D. A at junior level and Rs 21000/- to Rs 30000/- at senior level. 

Earlier banks used to impart training to aspiring professionals for banking jobs through an institution named National School of Banking. It used to prepare students for bank jobs to National level bank exams. Now a days same responsibility and duty is managed by Institute of Banking Personnel selection. You can visit https://www.ibps.in/ for further details. You can also search for solved question papers of previous exams and interview questions posted by senior candidates themselves are quite helpful in successfully tracking the recruitment process. 

 Banking jobs exams in India normally comprises of pen and paper on following subjects:-

1.Reasoning ability
 2.Arithmetic and Numeric tests
3.General Knowledge
 4.English

 Apart from the common paper, depending on the nature of the banking jobs, additional papers on computer knowledge, finance and law can be included as key factor in succeeding these exams. There are about 225 questions which are expected to be solved in about 150 minutes. The important fact is that you should equally divide your time to all the subjects and not to waste most of the time in reading all the questions first as in case of traditional exam papers. Quick decision making is one the key factors and an applicant needs to instantly decide on whether to attempt a question and should also solve the questions very fast without spending his precious time on a particular confusing and lengthy question. Student scoring high marks equally in all subjects are short listed on merit basis. So, there career prospects in banking sector in India are stable as well as lucrative and every candidate need to be well prepared to the recruitment exams for banking jobs.