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1. CAREER IN BANKING

2. INTRODUCTION
 Banking offers a clean, peaceful and dignified
work atmosphere and lifestyle. The banking
sector embraces the entire society.
 Banks present huge opportunities to young
people and this is largely due to the fact that they
have diversified into various other products than
just core banking.

3. NATURE OF WORK
 Managers/ Probationary Officer: responsibility
for running the branch, managing their staff and
for generating profits, required to know their
region well, the type of customers they are
catering to and the services they will require,
responsible for taking decisions regarding credit
to customers by analyzing the risk and ensuring
that the money is repaid, required to visit
properties that they have taken as security for a
loan, or visiting factories and businesses to see
new equipment in operation, purchased from
bank loan

4. NATURE OF WORK
 Bank Clerk : keeping records of business,
personnel accounts, installment loans, mortgages
or the bank's own accounts, and providing
customer services such as payrolls and inventory
accounting

5. CONDITIONS OF WORK
 +ves:
 Banking professionals are required all
year long. After privatization, the
requirement for banking professionals
has increased manifold.
 Students with different specializations
such as Science, Arts and Commerce
can apply for jobs with banks after
equipping themselves with diplomas
that provide them with the basic
knowledge required in the banking
organizations.
 Salaries of students getting placed
abroad are huge and provide excellent
scope for professional and personal
growth.
 A banking job is a white collar job,
which, compared to other fields, has
less stressful hours of working.
• -ves:
• The layoffs in banking
jobs have become
frequent due to
fluctuating stock
markets in recent
times.
• Post recession, the
enthusiasm of several
banking organizations
has been dampened.
• A student from other
fields will require
developing enormous
expertise in financial
matters.

6. JOB HAZARDS
 There may be chances of developing a stress-
related physical or emotional ailment within
several years on the job.
 Under the immense stress of their jobs, many
suffer personal and emotional problems that
escalate into full-blown crises, with some bankers
developing conditions that linger long after they
have left the industry.

7. HOURS OF WORK and
EARNINGS
 Usually work regular office hours, but may need to
work evenings and weekends or be on call.
 The pay scales for banking student who is a fresher
could vary anywhere from Rs 8,000 to Rs 20,000 to
begin with. Students who have post graduated from
top b-schools and banking institutions can expect up
to Rs 8 lakhs per annum. Several banking
companies recruit Indian students from the IIMs,
XLRI, FMS and other popular colleges every year for
pay packages not less than Rs. 10 lakhs per annum.

8. EDUCATIONAL QUALIFICATIONS
& TRAINING
 The basic educational qualification required for a
bank job, whether private or government is a
Bachelor’s degree, preferably with accounts as a
subject. But a candidate with any background can
apply for the jobs.
 Some banks even prescribe a diploma in banking
and finance from the Indian Institute of Banking &
Finance as a desirable qualification.
 The written examination has to be cleared for the
public sector jobs, and interview for the private
sector.
 The Private Sector banks prefer candidates with an

9. TYPES OF EXAMS
 Bank PO Exams: any graduate with prescribed
marks, and within the age group of 21 to 30 years, is
eligible. The banks normally prescribe 55% or 65%
marks in graduation for PO aspirants.
 Bank Clerical Exams: a graduate (or even an
applicant who has passed the class 12 exam with
prescribed marks) who is within the age-group of 18
to 28 years is eligible to apply.
 Specialist Officers Exam: candidates having
requisite professional qualifications in agriculture,
engineering, chartered accountancy, law, or a
degree of MBA, MCA, etc.

10. METHODS OF ENTERING THE
JOB
 The Reserve Bank of India, the State Bank of India
and Associate Banks and Nationalized banks
advertise in Newspapers from time to time inviting
applications from candidates who are willing for a
career in banking according to their vacancies.
 Private Banks and Foreign Banks advertise their
posts in leading newspapers. However in
management cadres, positions are largely filled
through campus recruitment at management
institutions.

11. PERSONAL ATTRIBUTES
REQUIRED
 People skills
 Analytical skills
 Detail orientation
 Management skills
 Organizational skills
 Honesty and Integrity
 Quick learning abilities
 Good Communication
skills
 Banking Industry familiarity
 Knowledge of computer
orientation
• Knowledge of
Mathematics, Accounting,
and book keeping
• leadership qualities,
Integrity, confidentiality
and honesty in dealing
with money, customers
and staff. Good personal
habits, such as neatness,
promptness and
organized mind are
valuable personal
qualities.

12. ADVANCEMENT
/PROMOTIONS
 A Probationary Officer starts as a trainee officer in
the Junior Management Grade Scale (JMGS) of
the bank and can rise to the highest levels,
becoming a General Manager, an Executive
Director or even the Chairman of the Bank.
 Bank tellers who choose to take on more
responsibilities and have earned an education in
business may go on to become head bank tellers,
loan and mortgage officers, debt counselors or
bank managers.

13. TYPICAL PLACES OF
EMPLOYMENT/SELF EMPLOYMENT
 Public Sector Banks are the major recruiters of candidates aspiring for bank
jobs. These banks are:
 The State Bank of India Group (Total:8 Banks) namely SBI (State Bank of
India), State Bank of Indore, SBBJ (..Bikaner & Jaipur), SBH (..Hyderabad),
SBM (..Mysore), SBP (..Patiala), SBS (..Saurashtra), and SBT (..Travancore).
 Nationalized Banks (Total: 19 Banks) namely Allahabad Bank, Andhra Bank,
Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central
Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas
Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank,
Syndicate Bank, UCO Bank, United Bank of India, Union Bank of India and
Vijaya Bank.
 Other Public Sector Bank i.e. IDBI Bank Limited.
 Private Sector Banks (Total: 27 Banks). ICICI Bank, HDFC Bank, Axis Bank,
Federal Bank, Centurion Bank of Punjab, Indusind Bank, Kotak Mahindra
Bank, Yes Bank, ING Vysya Bank, Bank of Rajasthan, Karur Vysya Bank,
Karnataka Bank, Jammu & Kashmir Bank, South Indian Bank, Bharat
Overseas Bank, etc.
 Co-operative Banks: All major National and State Co-operative Banks and
Scheduled Urban Co-operative Banks
 Opportunities for Self Employment and Other Settings
 You can be a private Accountant / Finance Adviser in Pvt. Company.
 You can start your own academy (Banking coaching classes/ crash courses).

14. INSTITUTES
 Some of the institutes are:
 Institute for Development & Research in Banking
Technology, Hyderabad
 National Institute of Bank Management, Pune
 Private institutions such as NIIT (National Institute
of Information Technology) IIPM, Amity, Birla
Institute for Insurance offer diploma and degree
programs.

15. SOURCES OF FURTHER
INFORMATION
 Employment
newspaper
 CIRTES
 www.time4education
.com/career_in_ban
king
 http://www.jagranjos
h.com/careers/banki
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