A Descriptive Guide for the Banking Jobs in India
Banking jobs are one of the most demanding govt jobs in India, due to the countless benefits that come with working in the banking sector today. Jobs in banking, both in the private and public sectors, are in high demand. Applicants who want to work in banking should complete their undergraduate and graduate degrees in banking and related fields like statistics, economics, accounting, mathematics, and others. Although applicants from other fields are also welcome to apply for any banking positions, those with degrees in these specific fields will be given preference.
IBPS PO, SBI PO, RBI Grade B, and many other positions in India’s top government banks are just a few examples. The most eye-catching aspect of these government banking positions is that they not only come with very high salaries and lucrative benefits packages, but also pension plans, high deposit interest rates, low loan interest rates, and a host of other advantages. The various top govt bank jobs will be covered in our next section.
Is banking a smart career choice?
Banks are organisations that are in charge of putting money into the economy, which furthers national development. Even though banking has long been one of the most sought-after careers, particularly in India, the general public’s attitude has not changed. The only thing that has remained constant over centuries is working in the banking industry, despite ongoing technological advancements and the business industry revolution. Of course, if you are unaware of the present and potential benefits of this industry, you may not feel motivated to work in that industry. To help you decide why a career in banking is right for you, we’ve provided a short list of advantages here.
- Attractive Salary
- If you’ve worked for a government bank, you’ll receive a competitive salary and pension.
- Great scope for promotions
- An ideal field for ambitious professionals
- Job security is one of the key advantages that influence people to choose a career in banking.
- In this industry, anyone with a basic education in the field of commerce is welcomed as a fresher.
- Since the banking industry is the foundation of every economy, it is unaffected by economic downturns.
- Occupational satisfaction and general skill development
How Can I Begin My Banking Career?
A step-by-step manual to help you start a lucrative career in banking is provided below:
1. Establish the role:
The most important thing to do when searching for a job in banking is to be certain of the position you want. The banking industry is enormous and offers numerous opportunities. So, focus on your needs and pick an industry-relevant Job role.
2. Get a degree:
The minimum qualification needed for employment in the banking sector is a bachelor’s degree. Although it is not necessary, having an MBA may give you an advantage over other applicants.
Candidates who have completed their 12th-grade education can apply for jobs such as data entry operator, clerk, and sales executive. B. Com graduates have the opportunity to work as sales executives for prestigious banks.
3. Enhance your Skills through a course:
Another choice is to finish a banking course and be offered a job as a sales officer with many banks. The base of a banking job is a skill. This job requires a variety of vital abilities, including problem-solving, interpersonal, and communication skills, which you can learn through a few specific courses.
4. Written Tests
The Institute of Banking Personnel Selection (IBPS) holds common written examinations for positions like cashier/clerk, probationary officer (PO), and specialist officer jobs in different public sector banks.
List of Banking Careers
Whether working in the public or private sectors, banking offers a variety of lucrative and satisfying career options. Here are the top 10 banking positions and careers right now:
- Financial Accountant
- Investment Banker
- Bank Manager
- Certified Public Accountant (CPA)
- Equity Analyst
- Financial Risk Manager
- Financial Risk Manager
- Business Analyst
- Asset Manager
- Internal Auditor
- Credit Analyst
- Foreign Exchange Trader
- Loan Officer
- Financial Manager
- Bank Teller
- Financial Service Representatives
- Audit Clerks
- Book-Keeper
Basic Qualifications for Indian Bank Jobs
Graduation is the most important factor taken into account during the hiring process. The applicant must complete their undergraduate studies in any field with good marks. A minimum of 55% of the available points are needed to qualify for the reserved category (ST/ SC/PWD or any other similar category).
For a graduate, there are primarily two positions.
Jobs in the clerical sector include clerk-cashiers, clerks, typists, stenographers, agricultural clerks, telephone operators, and data entry workers.
PO – Probationary Officer Post – As the title suggests, the chosen applicants will be employed after a period of probation during which their performance as students will be evaluated.
Qualifications for the Post of Clerk in Bank
- The aspirants must be Indian.
- A graduate with 60% marks in 12th or more is required to apply for the clerical position.
- Some banks have minimum educational requirements of 12th grade and a maximum age limit is 25 years or less for the candidates. However, in these situations, applicants with a diploma who have excellent practical knowledge will be hired.
- The candidate must fall within the 18–28 age range, and the applicants who belong to reserved categories like ST, SC, PH, and OBC will get age relaxation.
- In public sector banks, entry-level clerks typically earn Rs 140,000 annually.
Qualification Requirements for becoming a PO
- The aspirant must be an Indian.
- Applicants for the position of probation officer must be at least 21 years old and no older than 30 years old.
- The applicant must hold a bachelor’s degree from an accredited institution with a minimum cumulative GPA of 55% to 60%.
- The applicants must be well-versed in computers, particularly MS Office.
- In public sector banks, a PO’s annual salary is typically Rs. 200,000. The annual salary of a bank PO, including various allowances, can be close to INR 50,000.
How to find a Government Banking job in India?
Applicants must pass the exams held by the various institutions in India to be hired by a government bank. Four institutions offer you a chance to work for a government bank:
- The Indian State Bank (SBI)
- Indian Reserve Bank (RBI)
- Agricultural and Rural Development National Bank (NABARD)
- The Institute for the Selection of Banking Personnel (IBPS)
Skills Needed for a Career in Banking Sector
You can build a career in banking by having the following skills:
- Customer satisfaction
- Customer dealing
- Analytical skills
- Mental maths
- Good knowledge of numbers and accounts
- Patience
- Communication skills
- Confidence
- Technical skills
- Attention to minute details
- Stress management
- Critical thinking
- Resilience
How Do I Prepare for a Banking Career?
You must pass bank exams like the IBPS, SBI PO, etc. in addition to having a bachelor’s degree in management, commerce, or in a relevant field to apply for banking jobs. The following are the subjects you should research for banking jobs:
- English
- Numerical Ability
- General Knowledge
- computer expertise
- Thinking Skills
India's hiring for the banking industry
You must pass bank exams or obtain a degree in investment banking, FRM, CPA, etc. to apply for related roles to pursue a career in banking in India. The bank exams are conducted to hire applicants for various posts such as probationary officers, clerks, and management trainees. We provide you with complete information regarding the latest banking Recruitment notifications and other information such as the online application form, application process, salary, syllabus, and more.
What to Learn for Jobs in Banking: Banking Courses
Numerous undergraduate and graduate degree courses are available for those pursuing a career in banking. A degree in science, commerce, or the arts is the minimum requirement for banking jobs in India, and candidates must perform well in the necessary bank exams to be considered for the positions they are interested in. Additionally, obtaining a degree in the same field is crucial if you want to work in any of the banking specialties, such as Investment Banking, Commercial Banking, etc. These well-known banking courses are worth your consideration:
Bachelor Courses for Banking
BBA in Accounting/ Banking
Bachelors in Statistics and Business
Bachelors in Accounting and Finance
Bachelors in Banking and Finance
Bachelors of Commerce
Bachelors in Insurance and Banking (BBI)
Masters Courses for Banking Job
Masters of Commerce
Masters in Mathematics (Financial)
Masters in Finance/ Accounting
Masters in Financial and Monetary Economics
MBA in Banking and Finance
Masters in Insurance and Banking
Certificate Course/ Diploma in Banking
Certification in Banking Services Management
Diploma in Finance and Banking
Graduate Course in Banking and Finance Law
PGDM in Banking Management
Advanced Course in Banking and Loan management
Graduate Diploma in Banking
PGDM in Financial Services and Banking
Post Degree Diploma in Economics and Banking laws
Short-duration Post Graduate Diploma in Banking
Final Words
We believe that this article will be quite beneficial for you to gain the best information about the banking sector. To get more recent job updates about the latest govt banking jobs, keep visiting our website. We provide you descriptive information about the latest govt banking jobs along with other essential details such as age limit, educational qualification, selection process, application fee, syllabus, exam pattern, result, admit card, and more.
So, find out your favorite govt banking jobs here and give your career a flying start.
FAQ Section
Which degree should I pursue to work in the banking industry?
You can pursue a degree in accounting, banking, or business. The primary requirement is a bachelor’s degree, though. Additionally, having an MBA degree will give you an advantage over other applicants.
What are the exams for jobs in banking?
Candidates must complete three stages to be hired for government banking positions. The first two stages are Written Tests, and the last round is an interview.
RRB/ Clerk Exam/IBPS SO/PO/, Grade B Officer Exam, RBI Assistant, and SBI SO/Clerk/PO Exam are a few examples of common exams.
What kinds of jobs are there in banking?
The banking sector offers various job posts for different profiles such as credit analyst, relationship manager, risk manager, loan officer, bank teller, branch manager, and customer service.
What is the pay scale of the banker?
The salary for banking careers varies depending on the role and position. The average annual salary for bank managers is Rs7 lakhs, while that of an investment banker can reach 10 lakhs.
How can a 12th pass-out obtain a bank job?
Few banks hire applicants with a 12th-grade diploma. The 12th pass-outs can only apply for the post of data entry operator, sales, and clerk. However, as a 12th pass, you can sit for bank exams for government banks or submit a direct application to private banks. Even so, it would be beneficial if you had strong academic credentials.
Are bank jobs well paid?
The pay you can anticipate from a bank position depends on the difficulty of the position and the level of education needed. Job posts like analyst, accountant, auditor, or manager typically require higher education and pay much more, whereas on the other hand bank tellers, and data entry operators typically require less education qualification and are paid less comparatively.
Why Work for a Government Banking Sector?
The highest paying and most secure job in India is a government bank job. Your life is settled as soon as you start a career in banking. The banking sector offers you a lucrative salary, job security, allowances, and lots more.
What are the requirements for a bank job?
The educational qualification requirement will vary from position to position. Applicants applying for Public Sector Banks must possess a minimum Senior Secondary (10+2), as well as any Degree, Engineering Graduate, Post Graduate, or Diploma.
How to apply for Indian govt banking jobs?
Any eligible Indian Citizen may submit an online or offline application form for a banking job at the official website of the particular Indian Govt bank. It displays the most recent career notifications from top Government Banks, Scheduled Banks, and Public Sector Banks. Job seekers can also visit our website’s Bank Jobs page to view the list of available Banking Jobs.
