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Banking as a Career

Counting money, keeping its record, en-cashing cheques and drafts cannot be an interesting work, someone may say sarcastically. Others may think that there cannot be personal involvement and originality in doing such a work. But Last year, nearly thousands of people were recruited for positions at government-funded banks from banking exams held. The banking sector in India is growing at a rapid rate and is among one of the fastest growing industry. In this episode Ms. Mugdha Shetye talks about banking as a Career Option

A Bank, as everyone knows is a business which provides financial services for profit. It is engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc. Bank jobs are often considered amongst the most monotonous jobs in India. However, the new fields such as investment banking and business consultancy has made the banking one of India’s most desirable job sectors. Facilities such as net and mobile banking, credit cards, De-MAT accounts and mutual fund investments have been made available to incorporate customers completely in the bank environment.

It offers opportunities to students from all streams, be it humanities, commerce or science. But if you have bachelors in banking and insurance or related field, then that’s an advantage. Various universities, offers Bachelors in Commerce course or Bachelors in Banking and Insurance as a specialised course. The minimum requirement is 10+2 in any stream. The duration of bachelors programme is three years. Various Diploma or Certificate programmes are offered in Banking and Insurance which one can pursue along with Graduation. The duration for these courses will be, minimum for one month to six to nine months depending on the course or the university. Further one can pursue related post Graduate programmes in the same. Duration for the course would be two years. Depending on the institutes or universities one may have to clear the relevant entrance exam. After Graduation or Post Graduation one can prepare themselves for various banking exams conducted.

Private Banks gives preferences to MBA’s and Charted Accountants who find direct recruitment as officers. To become successful in the field of banking it’s essential that one possess required personality traits like taking leads, initiatives, working in groups, good communication skills, being meticulous in work, one also needs to possess good organisation skills, and being assertive is essential.

After completing the course you work and apply your knowledge or find employment in various Nationalized Banks, Private Banks, Financial Services and so on. With immense growth in sector like Retail, Housing, Health Care, Hospitality and Education etc. The growth of Indian banking industry can be expected to multiply so you can surely consider a career in Banking.