Are you confused with hundreds of career options and struggling to find the Best Career Options After Graduation? Want to know all the career possibilities in the banking sector after completing graduation and 12th?
Here you will get all the answers to all your dilemmas related to the banking career.
Banking sector jobs offer one of the most comfortable careers for youngsters.
Looking at the huge boom in the banking sector, the Institute of Banking Personnel Selection (IBPS) estimates that Indian banks will recruit a huge number of professionals by 2021.
Read: 15 Ideas For How To Earn Money After Graduation In 2020
Banking sector jobs are full of opportunities. Candidates get opportunities for high pay scale, growth, going aboard etc. There is a high scope of getting early growth in this career.
IBPS, NABARD, and SBI conduct exams for the vacant bank positions to give this career the right direction. Many banks in India are in the expansion mode so there will be more and more banking job opportunities in upcoming years.
7 Best Required Skills For Banking Sector
1. Communication Skills
‘You need good written and verbal communication skills for both drafting reports for clients and speaking with people at meetings who may not be experts in your area,’ says Carla Lakey, partner at Lane, Clark & Peacock LLP.
2. Problem Solving
Carly McOscar, program manager at the Royal Bank of Scotland, defined problem-solving as ‘the ability to look at a problem, work through a potential solution and seek input was needed to validate the approach’. Most employers will gauge your problem-solving skills by looking at how you approach case study (or work-based) exercises at assessment centers and answer questions at an interview.
‘Problem-solving can be demonstrated at interview in the way an individual takes personal responsibility for addressing situations,’ said Carly. ‘Individuals should demonstrate their understanding of the challenge, what the priorities are, and how they engage others to meet deadlines successfully.’ It’s a good idea to talk through your thought processes when answering questions as this will give the interviewers an insight into how you think. ‘Inquisitive questioning and logical analysis in an interview situation is not always easy but is one of the key skills we’re looking for,’ said Carly.
3. Customer Service
Customer or client service encompasses communication and problem-solving skills, as well as the ability to empathize and listen.
‘You need to understand a company’s clients, their needs, and what will keep them happy,’ a graduate recruiter at Aon told TARGETjobs. ‘Learning how to build relationships is the key to winning and retaining business.’ Recruiters will consider factors such as how you interact with assessors and other candidates at assessment centers, and the rapport you build with interviewers.
4. Emotional intelligence
5. Numeracy Skills
Numeracy skills involve being able to understand and work with numerical and graphical information, draw conclusions, and explain your findings. Some employers, particularly those in the actuarial profession, will require you to have a numerate degree such as mathematics, statistics or economics, as well as a maths A level. ‘If you want to become an actuary then it is essential that you have good numeracy skills,’ says Carla. Other finance employers won’t require this, but numerical ability or aptitude for numbers is often essential. Expect your numeracy skills to be put to the test; many finance recruiters hold numerical tests as part of the recruitment process.
6. Teamwork
Teamwork is all about being able to operate smoothly and efficiently within a group. This includes encouraging others, being able to compromise and put your own interests aside, and being able to communicate with, negotiate, influence, and advise your team.
Your ability to work in a team will typically be put to the test during the group exercise at the assessment center. To make a good and lasting impression on assessors, contribute constructively to discussions and activities while listening to colleagues and encouraging them to do the same.
7. Organisation and time management
Organizational skills and time management go hand in hand; having good organizational skills is about making the best use of your time to reach a specific goal. On your CV or application form, and if asked by recruiters, try to show how you are able to manage your commitments through your organizational skills.
Cons of having a Banking Sector Job
With so many advantages of having a Banking Sector Job, there are some disadvantages too.
Let’s see what these disadvantages are:
Work Pressure
Banking Sector Jobs expect you to go out of your way to accomplish more targets than you can. It is one of the hectic workplace as there is a pressure to achieve targets.
Technology
The biggest disadvantage of working in a public-sector bank is that, they do not provide the best technologies to work on.
Posting in Remote Location
As per the RBI banking license guideline, the new policy mandates a bank to expand its branches in remote rural areas. Hence, many bank employees are getting transferred to rural locations.
Make Your Career In These Best Banking Jobs After Graduation
IBPS Exam for Probationary Officer
IBPS conducts exams for various posts in various banks and the probationary officer is one of the posts which any graduate prefers to opt. Get the complete details below to start your journey for IBPS PO.
IBPS Exam for Clerk
This is another option for which candidates apply after completion of their graduation. IBPS conducts examination for clerical jobs in various banks. This job includes following tasks:
- Performing clerical and administrative duties in an office setting.
- Assists executive assistants and secretaries by sorting mail
- Filing
- Answering phones
- Greeting clients
- Scheduling meetings
- Restocking supplies
Reserve Bank of India
Reserve Bank of India conducts examination for recruiting candidates for various posts. RBI sets the difficulty level high level for its examinations. But once a candidate is selected he will get the best perks for rest of the life. Due to its high difficulty level, candidates prefer to go for IBPS examination.
State Bank of India
State Bank of India is one of the best government bank firms in India. Almost every graduate who wants to join the banking sector aspires to join this bank. Be it salary or its house allowances or medical facilities, SBI provides its employee the best of all. The bank conducts the SBI Exam to recruit candidates in the State Bank of India for various posts.
Regional Rural Bank Exam
Candidates who aspire to be at officer’s grade post and Assistant level posts in various government banks are required to give online test conducted by IBPS.
Here is the complete information about IBPS Regional Rural Banks Exam for the candidates who are interested in making their career in banks for reputed posts.
IBPS Exam for Specialist Officer
IBPS also conducts exams for the specialist officer for the candidates who have passed their graduation and post-graduation in various fields. There are various officer’s posts (different fields) for various banks.
Other than these banks there are various private banks that offer jobs but benefits are always better in banking jobs. So if you want to go into the banking sector and decided to choose this field as your career then you should go for government bank jobs. Government banking jobs provide you better perks and salaries with peace of mind.
Above List of banks is of old private banks in which you can apply. Private sector jobs are always hard to do, be it banking sector or any multinational company.
Banks like IBPS and SBI conduct examination for graduate aspirants for various posts. The probationary officer is one of the posts which is desired by lakhs of graduates.
IBPS conducts examination for the nationalized banks in India. If candidates want to make the career in banking sectors, then they have to appear for the exam conducted by IBPS. Cut off marks will be decided on the basis of the merit list and then banks will be allocated to the candidates.
Banking career is challenging as well as rewarding. It does not require any specific banking qualification or any banking course. So you can definitely go for this sector after graduation.