Banking Jobs are one of the niche carrier preference amongst the young enthusiasts in the field of Finance, Commerce and Accounting. Banking Jobs are much in demand for many reasons, first and foremost, they are among the most secure Jobs, they pay adequately that allow you enjoy your life comfortably and they provide the social status that Bankers are treated with respect and dignity.
Banking Career is open to everyone, regardless of their Gender, Religion, Cast and Creed, age or physical capabilities. Banking Jobs involves huge opportunities for Learning, Working, Challenges and Growing. Bank Employees are presentable, well organized, service oriented and have great people and communication skills. These Jobs require honest and trustworthy people with good computer skills, financial knowledge and adhere to rules and regulations that Banks and Financial Institutions must follow.
For initial entry level Banking Jobs one must have posses a Bachelors Degree, preferably in the field of accounting, finance, business, communications, economics, marketing or computer science etc. There are different job roles and profiles in the banking, therefore the minimum requirement for qualification and experience will be different or higher.
Selecting a Banking Career is a great option to choose for, whether you are looking for short term or long term career. There are many different positions in Banking, one can apply for, with greater opportunities to advance your carrier and employee benefits you can avail off. Therefore to pick this flashy career you need to have necessary qualification and desire to learn and take challenges will help achieve your goal of landing a Banking Job.
Decide which type of Bank you want to Work for:
There are Various types of Banks, therefore it is necessary to understand where you are willing to work and what is the procedure to get through the job. Lets understand about these Banks first.
- Reserve Bank of India: The Governing Authority of Banking Sector, works as Government Bank.
- Public Sector Undertaking or Nationalised Banks: These banks holds the majority of the share in Banking Business. And majority stakes is held by Government in these Banks.
- Private Sector banks: These are Private Sector Banks and majority of the stake in these Banks is hold by Private Shareholders.
- Foreign Banks: These Bank are also operating as a private entity in India but having a head office in Foreign country. They are governed by the rules and regulation of both the country.
- Small Finance Banks: These banks were formulated with the purpose as they will serve the niche segment in the society to include them into mainstream financial system. They serves the micro industries, unorganized sectors, small farmers and business owners etc.
- Payment Banks: These banks are new form of banks and have restricted operations. They can accept up to INR 1 Lacs per customer and can offer ATM, Debit and Credit cards, Net Banking and Mobile Banking etc.
- Regional Rural Banks: These Banks were established with a purpose to serve the weaker and less fortunate people in society like small farmers, laborers, wage earners, small business owners etc, who are operating at a smaller area can be urban or rural.
- Cooperative Banks: These Banks are no-profit / no-loss Banks and mainly serves small entrepreneurs, businesses, industries, self-employed, shop owners and individuals belongs to a small area / locality and treated as community.
Know the benefits of working with Banking Industry:
There are many benefits of working with Banking Industry, below are few of the reasons for selecting a career in Banking.
- Competitive Salary, Perks and Compensation
- Excellent Preferential Benefits
- Wide range of job roles and different departments to work with
- Great Learning and Experiences in a thriving industry
- Various opportunities for growth oriented, aggressive and ambitious professionals
- Continuous Learning environment
- Social and community service by spreading awareness about banking and finance
- Excellent working conditions and office hours
- People with different specialization and experience can apply for these jobs
Select the Right Qualifications for Right Job:
Getting through the Banking Jobs, one must understand what types of jobs are available in the Banking Sector and what qualification can take you there.
- Decide which Department or Business Unit you are willing to work for: There are many departments and business units working in one bank, for example, Corporate Banking, Government Banking, PSU Banking, SME Banking, Branch or Retail Banking, MNC Banking, CMS Department, Treasury and Financial Markets, Finance and Accounting, Audit, Compliance, Trade and Foreign Exchange, General and Trade Operations etc.
- Decide what Position or Job you would be interested in: There are many Jobs Roles and Positions in the Bank which one can apply for such as Sales / Service Officer, Teller, Authorizer, Personal Banker, Relationship Manager, Sales Manager, Branch Manager and so on based on department and segment.
- Choose the Right Course or Degree: For general or entry level positions the Graduation Degree is sufficient but for senior or specialized jobs one must have Post Graduate or specialized degree or certification. Also depends on the institution and its categorization leads to better opportunities and senior Job roles.
- Experience Counts for Senior or Specialized Jobs: For specialised or senior Jobs, Banks look for specific knowledge or experience, probably in same department and same Job role.
- Have an Professionally written Resume: For applying to a Job, you need to have a professionally written resume could be self-made or made by professional service providers. Highlight special achievement, contribution, service excellence etc.
Finding a Suitable Job:
There are many sources for finding a Banking Jobs, lets look at each one of them:
- Campus Recruitment Cell: Most Banks these days visit campus for hiring freshers. Therefore be alert and seek guidance from your College placement cell.
- Newspaper Advertisement: Most Government Banks post their Jobs and vacancies for Probationary Offer and Special Cadre Officer in Newspapers and Employment Newspapers. You can also refer to the stationary near colleges, usually they display these papers and sell printed forms.
- Bank’s Website: All Banks post Jobs and notifications under their Career section. This is great option to look for current Jobs available in the Bank.
- Register with Placement Websites: There are many Jobs and Placement website which post Banking Jobs. You can register with them and subscribe to their alerts as to get the latest update on posted Jobs.
- Social Media Platform: Companies, Hiring Managers or Managers post hiring notice or ads on their social media post. Therefore connecting with such influential people or hiring managers can help you get a Job in Banking.
- Search for Personal Contacts in Banks: Having a known person in Bank can help you with referring you for a suitable Job in the Bank or can share your Resume directly with HR, who can then be in touch with you.
- Direct Drop in: If you have their HR office locally, then you can directly drop in and submit your Resume in person or you can do it through their local Branch.
Applying for the Job and Facing Interview:
Now it is time to write a formal application or applying for a Job.
- Do some research on the Job and Bank, you applying.
- Draft a suitable cover letter for the Job.
- Send in your resume along with cover letter.
- Do follow-up of your application after sending in your resume.
- Prepare for the interview as much as possible.
- Add recommendation / mention people who can recommend you.
- Dress to impress.
- Be confident throughout.
- Give examples and numbers, highlight achievement and contribution.
- Do follow-up after the interview.
If you are looking for a Career in Banking Sector, these are few of the tips / steps to be followed while preparing for the same.