List of Careers

Jobs in the banking sector are those which are chased by many but few find themselves lucky enough to succeed in such a wonderful, kind of safe and lucrative jobs. Pay package for most public bank officers can begin in the range of Rs 6,000-8,000 on a monthly scale. Meanwhile, MBA`s recruited by private and foreign banks are given ripe packages which can range to the tune of about Rs 25,000-30,000 a month. Once you have passed the banking exams, it is important for you as an aspiring candidate to prepare an impacting resume which will help you land on the interview table immediately. Following are the few tips which are essential in writing a good resume:

Template:

A candidate should ensure that the template is formal and has uniform sections. Do not clog the resume with unnecessary details.

Order of Information:

Banking jobs require the officials to be crisp in their information. Do not clog too many details on the resume. However, alongside ensure that the details are arranged in the chronological order with all the important details on the top.

Previous contributions and Achievements:

It is very important to provide crisp information in terms of figures and numbers in the recruiters. Also projects that you completed in the stipulated amount of time and personal achievements during work can be explained in a single line.

Spelling and Grammatical Errors:

Resume consists of words and where there are words, proper grammar and linguistic structure are important. Ensure that your resume is free from linguistically correct and has no spelling errors cause being everything perfect, grammatical mistakes tend to piss the recruiters off.

While you have prepared a standard template for your job, it is necessary that you should edit your resumes according to the position, bank and the package. Recruiters screen the resume very fast and if your resume does not match the criteria’s required due non- editing, it is very likely that you might miss out on a golden opportunities just due to negligence.

Other important thing to note is that one must never fake details on the resume. Interviewers can easily judge your knowledge if you do so.

Also, be well versed with the subject matter of your projects and achievements mentioned on your resume. Interviewers at times restrict their questions to the details mentioned on the resume.

By following the above details, your resume can clear the scanning process and impress the recruiter, thereby helping you land on the interview table of your dream job. All the best!

Banking and financial jobs are amongst the dream jobs for young aspirants to build up a lucrative career. The growing banking industry has brought in its field many colleges and institutes which offer graduates, post graduates and diploma courses in banking and finance. Before listing down the banking colleges, it is important for an incumbent in the industry to first really understand what banking means. Banking in simple linguistic terms means a business activity of accepting and safeguarding money owned by other people and entities and lending the same, thereby earning profit on it. Following are a list of few colleges which can help you in making your career in the field of banking:

1. Indian Institute of Finance, New Delhi

1. Indian Institute of Finance, New Delhi

1. National Institute of Bank Management, Pune

1. Narseee Monjee Institute of Management Studies, Mumbai

1. Institute of Bank Management and Research (IBMR),Hyderabad

1. Bangalore Management Academy, Bangalore

1. BLB Institute of Financial Market, Delhi

1. Academy of Maritime Education & Training (AMET University)

1. Asia Pacific Institute of Management Studies (AIMS)

1. Indian Institute of Banking and Finance (IIBF), Mumbai

1. Indian Institute of Commerce and Trade (IICT), Lucknow

1. Indian School of Business Management & Administration (ISBM) Pune

1. Institute Of Finance, Banking & Insurance (IFBI), Mumbai

With a huge bloom in the sector, a lot of more branches are being opened in every part of the country. Big private and public sector players like State Bank of India, HDFC, ICICI, Bank of Baroda, Group state banks, and Canara Bank are recruiting candidates and offering them good packages. While government banks mostly publish ads in the employment portals and news (minimum qualification for which is graduation), the private sector banks recruit from the well known colleges and institutes. Other information necessary is disclosed by the banks at the time of recruitment.

These days, the field of banking and finance is very lucrative and before plunging into the field or knowing the courses, it is ideal for one to know what the meaning of banking exactly is. Banking, in general is a business activity of accepting and safeguarding money owned by other individuals and entities lending out this money in order to earn profit. There are various reputed institutions which offer graduate, postgraduate and even PhD courses in the said field. Below, we have tried to list down few of the courses which an aspiring banking professional can consider:

Under graduate courses:

1. BBA – Banking and Finance
2. BBA – Banking
3. B.Com – Banking and Finance
4. B.Com – Banking Management
5. B.Sc – Banking and Finance

Post graduate courses:

1. MBA – Banking and Taxation
2. MBA – Banking and Finance
3. M.Com – Bank Management
4. M.Com – Banking & Insurance Management
5. M.Com – Banking and Finance
6. M.Com – Finance and Taxation
7. M.Com – Financial Management
8. M.Com – Financial Services
9. M.Com – International Banking
10. M.Sc – Banking and Finance
11. MFC (Master of Finance and Control)
12. Master of Investment and Financial Analysis
13. PhD – Banking and Finance

Diploma courses:

1. Advanced Diploma courses in Banking Services
2. Diploma in Banking and Insurance Management
3. Diploma in Banking and Insurance
4. Diploma in Banking Laws
5. Diploma in Banking Management
6. Diploma in Banking Services
7. Post Graduate Diploma in Banking Management
8. Post Graduate Diploma in Banking and Financial Management
9. Post Graduate Diploma in Development and Investment Banking
10. Post Graduate Diploma in Financial Markets and Insurance

Besides these, there are other certification courses which are available for banking candidates which include certificate course in Banking and Post graduate certificate course in Investment Banking. However, to enroll in the sources one has to check out the qualifications required for each and every course which are available from different sources and websites of various colleges.

The growing opportunities have led many banks to outsource their activities with Indian Banks being no exception to the trend. These services and opportunities include maintenance of hardware and software, hosting, managing data centers, software application support, disaster management and management of ATM networks across the country amongst others. While there are other avenues and areas which a bank can outsource, this article mainly focuses on the benefits and the risks the banking industry can face in the outsourcing arena.

First, I have tried enlisting the benefits of outsourcing in the banking industry which are as under:

• A tool/strategy to stay ahead with the competitive banks.
• Cost cutting tool with which more resources can be devoted towards major activities of the bank.
• Unburdening of non-core activities with larger focus and development on the core ones.
• Adapt to new technologies of the third party easily.
• Increase of customer base and portfolio for rapid growth.

While outsourcing can be beneficial in a number of ways, there are a lot of risks also involved in the field of outsourcing. The next sets of bullets highlight the risks in the areas of outsourcing which are as under:

• The strategic risk aka third party failure risk to provide good quality services and in time services.
• Country risk which includes political, legal and other risks related to the countries.
• The risk of enforcing the contract legally on both the parties.

Besides this, the other risk factors include, exit strategy, counterparty risk, lack of control of the firms to enforce control on the outsourcing parties amongst others.

While outsourcing tends to be a win-win situation for both the banks and the third party to share the technologies and expand the clientele and portfolios it should however be noted that the task involves a lot of challenges which should be taken care of. Few of these include the quality of service provided by the provided, domain knowledge, and identity and knowledge theft. Besides, both the banks and the party should have a mutual understanding of setting realistic targets to meet customer satisfaction and quality of service.

This section of the test consists of comprehension; fill in the blanks, Para jumbles, sentence corrections, idiom & phrases amongst others. Generally, English section test consists is of qualifying nature with marks not added to the final merit list.

However, this may not be true many a times as these days, one must ensure since the marks are added taking into account the competitiveness of the exams. If yes, then one must ensure to clear this section of the test with minimum number of attempts within the time period allotted. Following are few set of rules and tips which one can follow to achieve the desired success in the exams:

Read Good English Papers and Magazines: English is one language in which one can develop proficiency through regular reading. Editorial sections of a quality news paper helps in developing the linguistic skills which is required in the comprehension section of the English paper. The comprehension section of the paper, is an important part of the paper which contains around 15 questions can be easily solved once one has a good grasp over reading and has a thorough practice in paragraph solving.

Practice Grammar and build up your vocabulary: While this may sound very basic, it is actually helpful and a must for every candidate. Practice your linguistic skills and grammar regularly and brush up your vocabulary for the examinations. Also brush up key grammar concepts and make them strong.

Write short paragraphs daily: Read and attempt short paragraphs daily to help you in the descriptive part. This is another method which will help you form in sentence correction, grammar and structure formation.

A routine and a daily practice on all these topics along with continuous reading is sure to make you succeed in the examinations and get your dream job in the banking sector.

This is one of the sections of the test. The other sections include – Reasoning, Competitive Aptitude, and English amongst others. This is one section of the test which helps the student score very high marks along with enhancing the intellectual skills sets.

Current affairs consists an important part of the examination, constituting almost 95% of the section – General Awareness. An aspiring candidate can easily solve the close to 80-90% of the current affairs section within 10-12 minutes if he or she is well prepared.

The following key aspects will help a desiring candidate prepare for the examination in a fruitful manner:

Continuous Reading: Awareness is all about how well read you are. The more you read, the more you are updated with the happenings around you. Reading quality news papers also with adequate and proper time allotment also helps in keeping aware about the environment. In General Awareness section, the questions are generally based on economy, finance, banking, polity, international events, sports, books and authors, awards and prizes etc.

Group Discussion with Friends: While reading helps one to stay updated about the latest happening and the current affairs, a well read group of friend circle also helps in keeping yourself updated with the latest news, gossips and other related information which is of help for you to clear the test. Never shy yourself from settling down in a good group discussion or a topic for your own knowledge purposes.

Practice Practice Practice! : Always try to attempt variety of practice sets in the section. This will not only help you in increasing your confidence in the section but also help you to solve the question in about a time frame of 10 minutes, the minimum and optimum required time for the section.

Besides these quality tips, do not limit your sources to those mentioned above. Always keep yourself updated on the variety of sources and keep collecting different information from the sources. Do not stop there! Try to build up on the information collected. On a final note, using these tips will no doubt help you in building up on good awareness skills, but will be a stepping stone towards your dream job!

Banking and the finance sector are one of those fields which have attracted a lot of aspiring candidates who are in search for their dream jobs. In banking field however, the recruitment takes place according to particular selection procedures for which the candidates have to clear the required criteria. In this article, we try to jot down particular list of criteria’s which are required by the banks and will enlighten my fellow readers.

An aspiring banking candidate is recruited at 2 levels in the banks – the clerical and the officer level. These tests are conducted by India`s Central Bank, The Reserve Bank of India. In the clerical cadre, the tests are again of two categories; Grade A officers and Grade B officers.

These people get recruited in the cash department as examiners of coins and notes in the entry level and then only if they qualify are they promoted to the next grade. This is after 5-10 years of their service in the said field.

Graduates, post graduates, CA`s, MBA`s in the age group between 21-26 years are eligible for the class I posts for which an All India Exam conducted is conducted. These exams are in three parts.

Paper I: Written test of General Mental Ability

Paper II: Subjective test comprising of English Comprehensive skills etc

Paper III: Economics and Social Problems

The written test format is same for the position of a clerical staff and a probationary officer examination. While the clerical staff gets recruited through regional boards the PO officers are picked up by the Commercial Banks via the Banking Service Recruitment Board (BSRB). Each region has its own BSRB that carries out the recruitment process. The eligibility is a graduate in any discipline with an upper age range of 28 years.

Banking Jobs Selection Procedure is as follows:

Candidates get recruited at 2 levels in the banks – clerical level and officer level. The Reserve Bank of India conducts tests for three types of entry level positions:

Clerical grade:

Grade A officers

Grade B officers

The entry point for clerical staff is in the cash department as examiners of coins and notes. They are promoted to the next grade when they successfully clear the relevant examinations after 5-10 years of service.

There is an All India Exam conducted for class I posts. Graduates, Post Graduates, CA’s, MBA’s in the 21-26 years of age group are eligible. The examination is in parts.

Paper I is a written test comprising of General Mental Ability (Objective type).

Paper II is a subjective one which has English Essays/Comprehension/Precise writing etc.

Paper III is on Economics and Social problems.

Anyone in the age group of 18-26 years having a degree is eligible for appearing in the written test. The format of the test is similar to the RBI examination. Test is followed by an interview. Clerical staff gets recruited through regional boards. The eligibility and test format are the same as for PO examination.

Commercial banks regularly advertise through their Banking Service Recruitment Board (BSRB) to recruit Probationary Officers (‘PO’). Each region has its own BSRB which carries out the recruitment. Eligibility is a graduate in any discipline with an upper age limit of 28 years.

Banking and finance are one of the most sought after and lucrative dream jobs which each and every professional in the field desires to have. A bank is a place where each person places his trust on the organization and hopes that it will not only safeguard their money but also maintain confidentiality of their personal information. To ensure that the banks stay at the top of their status cadre, these organizations recruit people mostly from the banking exams.

Everyone who uses a bank trusts the organization not only with their money, but also with their personal information. That’s why there are so many bank regulations. To ensure banks stay at the top of their game, regulators periodically conduct banking exams. If you’re trying to prepare for one of these tests, help isn’t far away.

Thorough preparations are required for such exams, they aren`t so difficult to prepare if one gives proper dedication and focus and will power. If the paper isn`t easy, it is much easy to manage in the range of 50-60% and pass all the sections of the exams thus making it easy for yourself to appear in the merit list. Following information will help you to get acquainted with the test.

The Test Details…

The Bank Probationary Officer (PO) exam comprises of two parts:

• Objective: The part consists of four sections namely, English language test, quantitative ability, Reasoning and General Awareness/ Marketing aptitude.

• Descriptive Part: The part of the paper consists of four types: Essay Writing, paragraph writing, Point of views and letter writing. While these sections test skills in different areas, the one thing which is common in all the sections includes knowledge of the surroundings. This is the one thing which a person has to keep in mind while attempting such kind of sections.

The Scoring Details…

The bank has a total of 225 questions with a time limit of 135 questions which equals 2 hrs and 15 minutes or 36 seconds for each question. While it may sound difficult, one might easily clear if he or she is capable of attempting 175-185 questions with close to around 90% accuracy.

While the entrance examinations is one of the ways to enter into the field, one can also enter into their so desired career through well qualified degrees like MBA`s, CA`s or CFA. With the growth in the banking sector, many private sector banks are nowadays opting choosing to recruit candidates from top notch banking institutes. Thus keeping in hand these qualifications is always like a feather in a cap.

A bank is an institution which is set up for the purpose of lending, borrowing, issuing, exchanging, taking deposits, safeguarding, or handling money under the strict guidelines and laws of any country, state or the municipal jurisdiction in which the institution/building is located.

They provide vast gamut of services like checking accounts, credit cards, ATM machines amongst others to various individuals, corporations, and to other businesses irrespective of the scale of business. Following is the description of various types of banks which is given as under:

1. Savings Banks: A bank which is specially created to develop a savings habit amongst the people and cater to salaried, middle and low income groups. These deposits which are collected are invested in the bonds, securities and other investment instruments. Now-a-days, commercial banks and postal department also perform the functions of saving bank.

2. Commercial Banks: These banks act as a Robin Hood for business class people. In other words, they collect money from the general people and provide short term loans to businessmen by way of cash credits, overdrafts, etc. They also provide services like collecting cheques, bill of exchange, and remittance money from one place to another place.

3. Industrial Banks / Development Banks: These kinds of banks cater to industries. They collect cash by issuing shares and debentures and provide long term loans for expansion and modernization to industries. In India, Industrial Finance Corporation of India (IFCI), Industrial Credit and Investment Corporation of India (ICICI) and Industrial Development Bank of India (IDBI) are examples of few such banks.

4. Central / Federal / National Bank: Each country has a central bank which acts as a banker to other banks. They provide specialized functions like issuance of currency, working as bankers to government, supervising and controlling foreign exchange. Such banks are more into dealing with other banks than with the public and their principal responsibility is thorough control on currency of the country. In India, The Reserve Bank of India acts as the Central Bank to the country.

5. Indigenous Banks: Sahukars and Money Lenders comprise the category of Indigenous lenders. These people collect deposits from the common public and later on grant loan to the needy people from their own funds as well as from the deposits. They perform combined functions like trading and banking activities.

While above, we have included detailed description of few of the banks, the other banks include Co-operative Banks, Land Development Banks, Exchange Banks and Consumers Banks etc.

Banking industry is one of the most coveted choices amongst the students mainly for being well paid, secure and the status the career offers. The new technology-driven private banks have broadened the scope and the range of banking services and many financial institutions are also into short term lending process, thus the need for more working professionals.

The exams which are required for an entry into the bank is the All India Examination conducted by the institute themselves. However, these days’ higher positions in premier Foreign/Multinational Banks are held by MBA’s from top notch colleges and institutes. Many public sector banks are also appointing management graduates like CA`s, CFA. While it may seem that only the commerce graduates can get entry in the banking arena, the same may not be the case so. Students from other stream can also get an entry into the banking sector.

Bank officers include front office personnel in all banks and back office supervisors who handle back office operations like transactions, general ledger work, overall supervision etc. Salary is one of the key aspects the aspirant looks into account for his position in the banking field. Salary for most public bank officers can begin in the range of Rs 6000-8000 on a monthly scale. Meanwhile, MBA`s recruited by private and foreign banks are given ripe packages which can range to the tune of about Rs 25000-30000 a month

While salary and exam qualification are one of the key things an aspirant looks into from a job perspective, a bank looks into good communication skills, good interpersonal skills, the ability to deal with customers, an alert nature, knowledge of the industry amongst others. Besides, foreign and private sector banks at higher than entry level also requires specialization in certain areas. These include expertise in project analysis, credit appraisal skills, managing huge loan portfolios general amongst others. Added computer knowledge is always beneficial in any field.