The understandings of world economy, getting to know the challenges of marketplace and identifying your interest in a development-oriented field are positive signs to take up banking as a career. We tell you all about making a career in the banking sector.
The understandings of world economy, getting to know the challenges of marketplace and identifying your interest in a development-oriented field are positive signs to take up banking as a career.
A niche career option for those who excel in accounts and commerce, banking has been one of the most sought career options for those pursuing a Bachelor’s in Commerce.
While a huge lot out there thinks banking is all about what you see when you go to one of those building wherein people sit and count money, it is in real much more than that.
We tell you all about making a career in the banking sector. Read on.
Eligibility
Banking is one of those rare sectors, which requires you to have a high percentage in HSC. The admission to a bachelor’s program in banking requires good percentage in HSC. Apart from percentage, to make a career in banking, you need to clear an interview considered tougher than normal corporate interviews. The skills you’ll require to clear the interview are good communication, aptitude for banking, sales, marketing and financial matters.
To get admission into top business schools in the country you need to prepare in a concrete way for the Common Aptitude Test (CAT). Choosing your field of interest in banking such as, trading, investment banking, insurance policies etc is mandatory as you may be asked about your interests in the interview.
Job Prospects
When it comes to the banking sector in India, prospects for graduates are considered to be excellent. As soon as you complete a professional course in banking, you will be offered a position as a sales executive with the bank you get placed with. In any case, if you do not bag an on campus placement you can always the exam your preferred bank offers for various posts, probationary officer being one of them. Few private banks such as ICICI, HSBC, Kotak Mahindra and American Express hire banking students at all levels depending on the colleges they are recruiting from.
Pay Package
The pay scale of a fresher with Bachelor’s degree could vary from 10,000 INR to 25,000 INR. However, a Master’s degree in banking could get you a salary as much as 8- 10 lakhs per annum. But, what you need to keep in mind is that financial markets do not remain the same throughout. They have a fluctuating nature and there are situations when you may feel a sudden dig in your career. Your best bet is to keep yourself updated with latest trends in the market.
Pros and Cons
P: the demand for banking professional never decreases, brilliant pay package, bank funded tours in India and abroad.
C: student from other field requires a lot of struggle, layoffs due to fluctuation in stock markets.
A banker’s involvement in the support of the community is beneficial, for the banker and the community as well. Bank executives lead a bank in a safe way, which has a positive impact on the community and the social infrastructure.
