Are You Looking For Bank Jobs?

With the recession affecting many countries and industries across the world

, it has become difficult to find employment in any field. However, bank jobs in India remain highly sought after and can be a good career option for many aspirants. Though Indias growth rate in the most recent quarter has slowed down from the earlier 8-9%, this has not slowed the growth of banks in India. Rather, it is expected that almost 5 lakh bank jobs will be created in the banking sector in the next 5 years. The banking sector has also expanded its horizons to include diverse interests such as home loans, auto loans, mutual funds and foreign exchange activities.

Most banks hire at junior levels and then one has to progress up the ranks to get into a managerial position. Moreover, public sector bank employments are considered as secure as government jobs. Generally, the pay scale begins at 1-2 lakhs per year for junior clerk level and can progress to 3-4 lakhs per year as you get into a more senior position. Nowadays, recruitment for bank jobs involves more scrutiny and presence of basic level qualifications. Banks look for candidates having good communication skills, some basic knowledge of finance and banking processes and in this age of technology, a minimum level of knowledge of computers.

What do you need to get into good bank jobs? The Institute of Banking Personnel Selection (IBPS) is an institution which imparts training and education for getting the required qualifications to make you fit for bank jobs. The IBPS conducts its yearly exams, which gives a score used by banks to judge a candidates proficiency at the time of requirement. Individual banks can employ banking professionals directly by their own recruitment process as well and these advertisements can be found in newspapers as well as websites.

The banking industry is not restricted to those with commerce or finance background. It is also available to professionals and graduates from other streams. The other qualifications which can help one get bank jobs are MBA in finance or marketing, Chartered Accountancy or a Bachelors in Banking Services. The public sector provides a good exposure to various faucets of banking whereas bank jobs in the private sector will improve your communication skills and overall understanding of banking function. With a large scope in the banking industry, bank jobs are lucrative and provide a good opportunity for growth. The people having an affinity to numbers should think about a career in banking.

by: quickjsmith

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