Commerce not necessary

By Ranjan K Baruah

We have published about banking as career option and today we will tell you more about career in banking. Many readers had sent queries after publishing career options related to banking and here we are publishing some more information related to the same.

SBI Probationary Officers: This is the Junior Management Level direct entry point for dynamic young graduates in SBI. A probationary officer gets exposed to challenging assignments and also gets the opportunity to get involved in pioneering technological and financial activities in the Indian Banking industry.

SBI Junior Associate: Young graduates are recruited as Junior Associate in the clerical cadre. The bank offers fast-track growth opportunities wherein Junior Associates are eligible for promotion in officer cadre on completion of three years of service.

IBPS: The Institute of Banking Personnel Selection, also known as IBPS, is a recruitment body that was started with an aim to encourage the recruitment and placement of young graduates in public sector banks in India (except SBI). It also provides standardised systems for assessment and result processing services to organisations. Aspirants may look at the details on the website of IBPS. Most of the officers or clerks are selected through IBPS.
Some of the courses related to banking are MBA Banking; MCom Banking and Insurance; Post Graduate Diploma in Banking, Insurance and Financial Services Management, apart from this there are other diplomas and certificate courses which help candidates opting for career in banking.
Banking sector will progress more when there is more population. Apart from all nationalised or foreign banks there are rural banks too which are mainly for the progress of rural areas.
Many state governments tie up with nationalised banks to manage rural banks. These rural banks also bring opportunities for the local youth. Aspirants must prepare themselves with personal requirements apart from the qualification to get into banking sector. All those who want to work in nationalised banks must prepare for the competitive examinations.
Apart from SBI PO or IBPS process, there are some other selections in private banks.
Private banks also hire and engages dynamic young people in the banking sector. Apart from fully nationalised banks, aspirants may also look into careers in banks like Axis Bank, HDFC Bank and ICICI Bank.
Generally most of us used to think that someone studying commerce or economics may join banks later. Nowadays students from different academic background are also joining banks. We see mostly engineers joining different banks, whether nationalised or private.
As banks are in large numbers and now after demonetisation the task of banks have increased, the opportunities are also more. Interested candidates may choose to take coaching but they must be careful while selecting coaching institutes.
Anyone can crack banking exams if they are serious and practise regularly. We could see more engineers joining banks as they can crack the banking exams. Aspirants may take help from different online portals and other magazines related to banking exams.

Updates

Air Force Common Admission Test (AFCAT) 2018: Online applications are invited for the courses commencing in January 2019 for grant of Short Service Commission (SSC) in Flying Branch and Permanent Commission (PC)/Short Service Commission (SSC) in Ground Duty (Technical and Non-technical) Branches. Online applications are also invited for grant of PC/SSC for Flying Branch through NCC Special Entry Scheme and Meteorology Entry. Last date for sending application is January 14.

Cultural Talent Search Scholarship Scheme 2018: Centre for Cultural Resources and Training (CCRT) New Delhi, under the aegis of Ministry of Culture, Govt. of India has invited applications for award of scholarship under Cultural Talent Search Scholarship Scheme 2018-19. Last date is January 31.

(Ranjan K Baruah is a career mentor and can be reached at [email protected] or 9864055558 for any career related queries)