Bharat SainiLast Updated on February 20, 2017 by Bharat Saini
Ever wondered what do those guys wearing ties in banks do all days long? Have you ever had a fascination about the kind of job they have? Well, you have reasons to dream about a career in banking now. Banking, today, enjoys the status of one of the highest paying industries in the area of commerce and accounts. Yes, an important fact – it is true not only for private sector banks but for public sector banks as well. With the new banking license policy, entry of new players in the sector and growth of the existing system, it is expected that banking will have over 5 lakh fresh jobs to offer in the coming years. Looking at public sector banks alone, having more than 8 lakh employees at present, a large number of employees are retiring every year and the retirement at this scale will continue during the next 5-6 years.
Let us address a common question or feeling which aspirants have when they think about a career in banking – “Does it require to be very good in math and numbers?” Yes, your success up the ladder in banking would depend on how analytical you are. Another important attribute required is discipline and diligence. Since the sector is governed by RBI rules and is purely a service industry, bank employees need to remain alert while on duty.
There are various entrance level exams in the country. IBPS (Institute of Banking Personnel Selection) is a body which conducts a Common Written Exam (CWE) which covers more than 20 PSU Banks. Screening of candidates is done in the online Prelims and those who clear it appear in the online Mains, Thereafter shortlisted candidates of these online tests face interviews, before being allotted the banks on merit cum option basis. SBI conducts its own entrance exam for POs (Probationary Officers) as well as the Clerical cadres. Private Banks follow their own systems of recruitment.
So, if you are aspiring for a career in banking, you are in for a promising one!
