Banking has always been attractive to job seekers. There has been a steady growth in banking in the last few years. Banking is a good place to make a career. There are a number of courses that teach some banking including B.COM and M.B.A. These days there are training centers too. One can also join the banking world through diploma and certificate courses. One can opt for a post graduate degree in banking after graduation which will help him to get a job in the banking sector. After doing a course in banking one can get an option to join as a sales officer in a bank. Alternatively one can also try for CAT when in college which will help in doing MBA from a reputed organization. MBAs regularly get jobs in the banking sector.
After doing B.COM one can get a job as a sales executive for loans, mortgages and insurance in banks. If one has a MBA in finance from a reputed school, one can work as a relationship manager. A person having done a course in banking can earn Rs 8,000 to 20,000 easily in the initial years of service. IIPM, AMITY, Birla etc are institutions that offer post graduation degrees in banking. Relationship Managers in banks can earn up to Rs 8 lakhs per month. One can also apply for a clerical post in a bank after which one can get posted as clerk initially and subsequently promoted to grade 2 officer, followed by grade 1 officer and eventually manager after years of service. One can also get posted as probationary officer initially and eventually go up to chairman. The condition is that the candidate's yearly report should be good. A clerk can get 7,000/- to 10,000/- per month initially. A probationary officer gets 12,000/- to 18,000/- per month initially.
Multinational and Private banks offer much higher salaries. B.P.O(Business Process Outsourcing) and K.P.O (Knowledge Process Outsourcing) jobs can even be applied for those who don't have experience. If the B.P.O is an an International bank the starting salary can be 18,000/- per month. If the K.P.O is reputed one can earn 15,000/- to 20,000/- per month.
For getting a job as a Probationary Officer in a Public Sector Bank one has to pass the BSRB(Banking Service Recruitment Board)examination. This tests one's intelligence, IQ, analytical and mathematical abilities and spoken English. One should be between 21 to 28 years of age and a graduate. ICICI, Kotak Mahendra, HDFC, Standard Chartered, American Express approach universities and select students based on their performance and record. People are given posts in these banks based on their experience and education. For the R.B.I class one officer grade recruitment the R.B.I organizes all India examinations. One can check up the R.B.I website for the next examination. One should be maximum 26 years of age for applying for this post. The examinations tests analytical skills, spoken English and IQ of the applicant.
The banking industry has grown in leaps and bounds during the last few years. One should have a good knowledge of figures and maths when applying for these posts. Investment Banking, Corporate Finance Banking, Personal Retail Banking, Rural Banking etc are some of the branches of banking. The Government has offered some of R.B.I's powers to S.B.I now. The S.B.I looks into important and international banking transactions. Among the 88 commercial banks of India 27 are public banks, 31 are personal banks and 38 are Multi National Banks. These 88 commercial banks have 53,000 branches and 17,000 ATM machines today. The number of people required in banking has grown with the increase in the number of banks. Government Banks are safer than Multi National Banks as far as job security is concerned.