Careers in Banking
has emerged as one of the most challenging sectors in the country.
Openings are available at various levels, from Bank Clerical to
Probationary Officers (PO). There is great job security and the salary
is very good, besides the perquisites of loans for employees. It is a
lucrative career: till recently careers existed only in nationalised
banks, but with liberalisation, a host of private banks have been set
up. As a result, demand for trained professionals has increased
substantially. The private banks offer better salaries but then the job
security is also less.
advertisements for recruitment appear from time to time in newspapers as well as the
Employment News. Recruitment is done on the basis of a written test,
which consists of:
a) Test of Reasoning
b) Quantitative Aptitude
c) General Awareness
d) English Language
e) Descriptive Test
Except for the descriptive
portion, all other sections contain objective-type questions. In
Reasoning, there is verbal and non-verbal sections. In English, the
test is aimed at judging the overall comprehension and understanding of
the language. The Descriptive Paper can be answered in English or
Hindi. It judges the written expression of the candidates. All sections
must be qualified.
How to Prepare
exams -- both clerical and PO -- are taken by lakhs of candidates.
There is intense competition as the number of vacancies is small. A
high degree of preparation is required in order to get through.
be successful, regular practice in all the sections is essential. All
the sections are adequately covered by The Competition Master.
It is advisable to do the basics
first. After this, start doing
section tests, from Reasoning, Maths, English, etc. Try to get a good
score in each section. After that, do some full-length tests which
contain all the sections, within the stipulated time. Candidates are
also advised to prepare for the interview simultaneously and take care
to develop their personality and confidence. After the written
examination, the short-listed candidates are called for an interview.
General questions are asked to check the candidate's General Awareness
and relevant issues related to Economics.
For the Descriptive Paper, refer to sample questions
published in The Competition Master. The candidate must have a good
expression and the sentences must be grammatically correct. An
important aspect is hand-writing. Many candidates write almost
illegibly, which examiners cannot read. They are thus unable to get a
good score. Efforts must be made to improve your handwriting as well,
as this could be a major shortcoming in the written paper. Apart from
this, it may be said that the candidate must be aware of current issues
to be able to write something on them.
There are a number of
books and correspondence courses available for bank preparatory
examinations. There is, however, no substitute for self-study and
self-preparation. Regular studies, systematic preparations,
self-confidence and regular practice, is all that is required to pass
recruitment in nationalised banks is done through competitive exams, recruitment
in private banks is mostly direct. The private sector banks recruit MBAs and Chartered Accountants directly. Lower down the line, fresh graduates can hope to find jobs as
direct marketing executives, personal banking executives and home
banking executives. For such jobs, all that is needed is a pleasing
One can also do a specialised course in banking from a number of universities offering such courses.
Among these are:
University of Madras, Centenary Buildings, Chepauk, Chennai-600005, which offers a Certificate course in Banking.
The Aligarh Muslim University, Aligarh-202 002, offers a 1-year course.
One can also do a Diploma in Bank Administration from Ravishankar University, Raipur-492 010.
Guru Ghasidas University, PO Koni, Bilaspur-495 009.
Maharishi Dayanand University, Rohtak-124 001.
Maharaja Sayajirao University of Baroda, Vadodara-390 002.
universities offering diplomas or certificate courses in different
aspects of banking (law, management and administration, masters degree)
Gujarat University, Navrangpura, Ahmedabad-380 003.
Utkal University, PO Vani Vihar, Bhubaneshwar-751 004.
Annamalai University, PO Annamalai Nagar-608 002; Sri Venkateshwara University, Tirupati-517 502.
SNDT Women's University, 1, Nathibai Thackeray Road, Mumbai-400 020.
University of Rajasthan, Jaipur-302 004.
Shivaji University, Vidyanagar, Kolhapur-416 004.
Marathwada University, Aurangabad-431 604.
Bhartidasan University, Palkalai Perum, Tiruchirapalli-620 024.
Manipur University, Canchipur, Imphal-795 003.
eligibility criteria is different for different courses and candidates
are advised to check these out directly from the universities
banking is a growing industry, the job prospects are good. In
nationalised banks, one can expect regular promotions while in private
banks it is performance that is rewarded. Promotions may be swift for
deserving candidates. But it is not necessary to be a banking
professional only to get into banks. As financial services are getting
automated, the industry requires a large number of computer experts,
both in computer maintenance and software. Private computer service
contractors are also in great demand. It would be important to have a
BE or MCA degree for such jobs.
Bank jobs come with
responsibility. As the banker handles other people's money, it is a job
that requires trust. The person must also be service-oriented and like
to look after customers. This is where private banks score over
nationalised banks, but as profitability begins to play a major role in
nationalised banks, there is bound to be pressure there as well to keep
One reason to be excited about banking as a
career is the rapid change taking place. Not only is there fresh
competition, but technology promises to change the face of banking
forever. The jobs are becoming comfortable, in the sense that the
physical environment is pleasing and computerisation has taken the load
off tedious jobs such as balancing accounts. As competition increases,
a good banker will certainly be in great demand.
On the other
hand, a career in banking entails frequent transfers. Also, it must be
remembered that a banking job involves working long hours. When
accounts are to be finalised, a bank employee has to put in long hours
Assess your aptitude before you join a career in banking.
jobs require hard work. The personality required is a mix: for
marketing and meeting customers an outgoing personality is required,
while for keeping accounts a diligent and persevering attitude is