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  • Category: Finance and Banking Jobs

    How to get into banking sector?

    Want to make a career in banking sector? Wondering what courses to opt for? On this Ask Expert page you will find all the responses to your queries.

    I want to get into Banking sector. I have just completed my Bachelors in Accounting and Finance and am currently opting for entrance exam for MBA.
    How can I get into banking sector?
    What salary will I be getting after completion of MBA in banking and finance?
    Someone suggested me a six months course which is post graduate diploma in banking management. What other courses might help me get into banking sector?
  • #136937

    For entering in regular banking services one has to clear the various competitive examinations conducted from time to time. Banks generally don't recruit candidates directly on the basis of examinations passed by the candidates and other courses completed by them. The author may study the website of the Institute of Banking Personnel selection (IBPS) - for more details about the subject matter. Generally banks recruit at two levels- at the clerks level and at PO level.
    As far as expected salary after completing MBA is concerned, that primarily depends on the type and reputation of the institution from where the MBA is completed. Merely possessing any particular degree doesn't assures jobs and determines the salary structure.
    Banking services are remunerative career options, but the same can be got only through passing competitive examinations which can be said to be tougher in nature.

    Let us encourage each other in sharing knowledge.

  • #136943
    So far as Pubic Sector Banks are concerned, the appointment is generally at two levels, viz., Clerical grade and as Probationary Officer (PO). Graduation is the minimum qualification for appearing in the competitive examination for PO. The examinations for appointment in Public Sector Banks are conducted by Institute of Banking Personnel Selection (IBPS). Earlier the selection was done by the regional BSRBs.

    So far as Banks in private sector are concerned, appointments take place at various levels depending upon availability of vacancies at different levels. Each bank follows different system for selection and appointment at various grades. Your specialised qualification may help you in appointment in private sector Banks.

    Non-violence is the greatest Dharma; So too is all righteous violence.

  • #136944
    In order to get into banking sector here are some of your options - bank PO exam, bank assistant exam, bank manager exam. In case of the private banks you need to go through their specific recruitment process. You may notice that each bank has it's specific process. In case of PSU and semi PSU banks, they follow the centralized recruitment process.

    You can get job into banks with existing graduation and climb your way up slowly. Or you can get MBA finance and banking course. This can be useful while getting yourself employed in specific jobs in the bank.

    Apart from MBA in finance. Your degree in public relations and charted accountant can be useful for banks too. There are many such position in mutual fund house and demat services in banks where this can be needed.

    You have to start from one place and take it from there.

  • #136976
    Banking sector is a vast one with various level of banks right from co-operative banks to the apex Reserve Bank of India.
    There are various categories. However usually we hear about the clerical cadre and Officer cadre appointments n mass scale in established private banks and in public sector banks.

    Some private sector banks recruit from campus recruitments. Otherwise the major recruitments in banks are through special competitive test and interviews conducted by the banks (or IBPs).

    Some banks recruit at higher level of Officer grades especially as specialist officers. These will be published in major newspapers and media and also in the concerned bank website.

    In ISC job section also they are posted by members.
    Though DBM is not an essential qualification, among equals that my help to have some advantage. The basic essential qualification needed for the general posts as of now is Graduation. (Some banks may prescribe threshold level of grade or percentage depending on posts to be applied)

  • #137257
    Hi, For getting job in Banking sector ,One has to pass entrance exam.Different Entrance exam is conducted for Different post i.e IBPS PO, IBPS clerk & IBPS SO. The
    Syllabus for IBPS PO
    , Clerk & SO Is almost same but there is little addition in IBPS So Syllabus because it is technical field position.Any graduate can apply for IBPS Po & clerk but one have to graduate in particular discipline for IBPS SO Job.

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