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Career of the week – Banking

Banking is one of the most lucrative and stable prospects for individuals who are looking for career opportunities in the field of commerce and finance. One needs to be good with numbers and should enjoy managing finances. Banking and allied services are the cornerstones of the modern economic structures. With multiple private and public sector banks growing in the country, there is huge demand of talented professionals in this sector. Job opportunities in the sector exist straight after graduation and with specialized degrees one can take on more high paying jobs in this domain.

Opportunities in Banking

Public/Private Sector Banks

To work in a private or a public sector banks one should first clear Bank PO exams for the entry level jobs. For higher level jobs such as that of a manager usually requires a higher degree such as that of a Chartered Account. Banking jobs offer stable and fairly remunerative jobs to individuals with good mathematical and management skills.

Investment/Merchant Banking

An Investment banker is someone who is a specialized professional trained in fund management. He/she is also trained in risk assessment of securities, bonds and other tradable products. A strong interest in numbers and reading patterns is a must to be successful as an investment banker. A qualified professional can either work individually or can work in an investment bank such as JP Morgan and others. It is one of the most remunerative career options in recent times.

Credit Analyst

A credit analyst is a trained professional who analyses, risk in various financial products such as securities, bonds, loans, etc. These professionals not only have the knowledge to predict markets but bigger national economies as well. A good trained individual can work with banks or brokerage firms. Usually a degree in finance and a higher degree in actuarial science are sufficient to enter the profession.

Option 1

Option 2

Option 3

Option 4

Stream

Class XII (Any stream)

Commerce

Commerce

Commerce

Graduation

B.A./B.Com

B.A./B.Com./CA/ICWAI

B.Com./B.Eco

B.Com./B.Eco

After Graduation

Bank PO Exam

SBI/RBI Exam

MBA in Finance

Certification in Investment Banking

Points to be noted

  • For Bank PO exams any graduate degree makes one eligible to take the exam. But for other courses, commerce with math in 12th standard is a must.
  • Although Bank PO exams do not have a requirement for math but one should have high proficiency in manipulating numbers and understanding patterns to be successful in banking related services.

Top Banking Institutes in India

College

IIM, Ahmedabad

IIM, Calcutta

IIM, Bangalore

IIM, Lucknow

FMS, Delhi

IIM, Indore

IIM, Kozhikode

MDI, Gurgaon

Dept. of Mgt. Studies, IIT  Delhi

Dept. of Mgt Studies, IIT Madras

NIT, Trichy

Location   

Gujarat

West Bengal

Karnataka

Uttar Pradesh

Delhi

Madhya Pradesh

Kerala

Haryana

Delhi

Tamil Nadu

Tamil Nadu

Website

www.iimahd.ernet.in

www.iimcal.ac.in

www.iimb.ernet.in

www.iiml.ac.in

www.fms.edu

www.iimidr.ac.in/iimi

www.iimk.ac.in

www.mdi.ac.in

www.dms.iitd.ac.in

www.doms.iitm.ac.in

www.nitt.edu

Banking Entrance Exams

Exam     

IBPS Common Written Exam (CWE) for PO

SBI Probationary Recruitment Exam

ICICI Bank Probationary Officer Recruitment exam

Bank of Baroda Probationary Officer Exam

Axis Bank Young        Bankers Exam

United Bank of India Probationary Officer Exam

Tentative Date

September/October

 

June/July

 

July/August

 

August/September

 

July/August

 

August

Important Elements  

English, Quantitative Aptitude, Reasoning & General Awareness

English, Quantitative Aptitude, Reasoning & General Awareness

English, Quantitative Aptitude, Reasoning & General Awareness

English, Quantitative Aptitude, Reasoning & General Awareness

English, Quantitative Aptitude, Reasoning & General Awareness

English, Quantitative Aptitude, Reasoning & General Awareness

Website

www.ibps.in/cwe-probationary-officers-management-trainees/

www.sbi.co.in

www.icicicareers.com/icici_career/probationary-recruitment.html

www.bankofbaroda.com/index.htm

www.axisbank.com/

www.unitedbankofindia.com/english/recruitment.aspx

Work Description

  • Help in the financial requirements of individuals and businesses and provide advice and financial services.
  • Analyze applicants financial status, credit, and property evaluations to determine feasibility of granting loans.
  • Obtain and compile copies of loan applicants’ credit histories, corporate financial statements, and other financial information.
  • Meet applicants to obtain information for loan applications and to answer questions on the process.
  • Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
  • Review loan agreements to ensure that they are complete and accurate according to policy.
  • Help customers manage their funds; answer queries regarding the bank’s products and services; troubleshoot problems related to customers, finances and management.
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