How To Make A Career in Banking Sector ?

The Banking sector is one of the most preferred employment destinations in India . This article gives good details on How to make A career in Banking Sector.

As far as A career in Banking Sector is concerned, recently, banking sector announcer over 14,500 jobs as a Clerk , Probationary Officer ( PO ) and Specialist Officers across India.

How to Be a Banker or make A career in Banking Sector?

With the newly focused approach on digitalization and expansion of banking sector , thanks to the present BJP government , making a career in banking sector has become even more coveted . More and more job seekers are taking up the banking as a career because A career in Banking Sector gives good salary and job security. .

With the expansion of banking activities , job opportunities at various levels are also growing every year .

Is B.Com. necessary to make a career in Banking and Finance  ?

Job seekers often ask  “Best degrees for banking career ? ” or  “what to study for banking  jobs” ? .

The fact is , India’s major recruiters for banking industry ( IBPS ,SBI  ) desire simple graduation in any stream for the recruitment of officers or clerical staff .

However , if you are planning to make your career in the banking sector , it is advisable that  you should earn a bachelor’s degree in finance or accounting  or positively do a degree course in business administration. It will help you  in obtaining relevant knowledge before you enter in this industry .

Hence , you should  prefer a B.Com or Business administration degree for banking career .

In case , you have not  done your graduation in these streams , then you should take admission in MBA ( regular or distance mode ) and keep appearing for the IBPS , SBI  Recruitment  Tests conducted for Officers ( PO / Management Trainee ) / Clerical cadres .

Related : How to Prepare for Bank PO Examination ?

Related : How to Prepare for IBPS/SBI Clerk ?

Since, the competition for selection is a bit high , you must prepare proper preparation for these tests to come out with flying colors .

Degrees which can get you a Career in Banking Sector :

If you are planning to enter into banging sector then obtaining any of the following five types of qualifications shall be very helpful for you .

Career in Banking Sector is good for these five streams of qualifications :

·         Business Administration / Finance. (proper time management and Risk management of money are the two most important aspects of  Commercial banking ) .

·         Law

·         Accounting

·         Economics

·         Information Technology

·         Chartered accountant ( CA )

·         Certified Public Accountant ( CPA )

·         Company Secretary ( CS )

The possession of any of the above mentioned qualifications will give you an edge over others as these skill are in great demand by banking sector .

What jobs are there in banking  ?

 If you want to make A career in Banking Sector, then you must know :

“What Are Different Positions for Jobs in the Bank ?”

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Precisely speaking about the “Banking Career Information” , we can mention the following  positions : 

•  Bank Teller : Bank tellers are the first line of advertising for a bank.
• Bank Marketing Representative : A bank marketing representative is an individual who markets banking products to customers .
•       Internal Auditor : Audit is extremely important in banking environments.
• Branch Manager
• Loan Officer
• Data Processing / IT Officer
•  Law Officer
• Cashier
• Accountant

Career Paths in Banking Sector

What is the Career in Banking Sector ? Banking sector offers multiple career paths that you can choose as per your qualification and experience . The major “banking career paths” are given as under :

• Auditor  : An auditor is an accountant that reviews financial records to make sure everything is fine in an organisation .
• Broker
• Budget Analyst
• Financial Analyst
• Financial Examiner
• Financial Manager
• Investment Banker
• Loan Officer