How to join the banking sector

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How to join the banking sector

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The banking sector in India is a growing sector, and there is a lot of scope in this industry. The growth rate of this sector can be attributed to the fact that our nation has seen exponential growth in the last few decades. There have been various government schemes and policies which have helped the banking industry to develop. With the emerging financial technology sector and rapid changes in the business landscape, there are many opportunities available in the banking sector with the help of banking courses. The trend of joining the banking sector in India has been the most common for a long time. Many people are considering making a transition into this sector with varying backgrounds and motivations by creating a banking resume. If you are thinking of joining this sector or already working in it, this article will help you gain an understanding.

How to join the banking sector 1

How to Become a Working Professional in Banking Sector

The banking sector in India is one of the most flourishing sectors in the country. It offers a wide range of opportunities and jobs to aspirants. To become a successful professional, it is necessary to not only have skills but also be well-versed with various banking products, offer good customer service and comprehend business jargon. Moreover, banks are looking for candidates who are not just skilled but also bring in fresh perspectives that can help drive innovation and growth. The banking sector is emerging as a great career option for students across disciplines. They all have an equal opportunity to shape the future by exploring their options through internships or social responsibility projects.

Clear your Goal

The banking industry provides numerous opportunities, but the first step is to determine whether banking is the right career path for you. To enter this sector, you will need excellent numerical skills, a high level of attention to detail, and good communication skills. In addition, a strong interest in finance and banking is required. It can be a lot of fun if you like banking-related subjects. If not, banking can be a tiresome profession for some. So, you need to clear your mind about whether this is something you want to do.

Complete the Eligibility Criteria

The next step is to understand the eligibility requirements for getting started in banking. In terms of educational qualifications, graduation is the minimum requirement for public sector banks. Candidates must have a final year grade point average of 55-60%, depending on their category. Candidates must be between the ages of 18 and 30, depending on the position applied. MBAs with finance and banking experience are preferred by private-sector banks.

Appear for Exams for Public Sector Jobs

Clearing a banking exam is required for employment in public sector banks. People looking for a job in public sector banks undergo a banking examination before they are eligible for a job. That is to ensure that the candidate has knowledge of banking practices and procedures. To be eligible for this exam, one needs to be at least 21 years old and hold a bachelor’s degree from any recognized university or institute of higher education. The Institute of Banking Personnel Selection (IBPS) and the State Bank of India hold these exams. Each of these exams follows a distinct pattern. Typically, these exams assess candidates’ reasoning ability, quantitative aptitude, English language skills, and general economic and banking knowledge.

Understand Requirements for Private Sector Jobs

Private sector banks post their job openings on job boards as well. Those looking for jobs in the banking industry should spend significant time researching job boards and various banks’ career sections. The requirements differ depending on the role. In a sales-related role, for example, basic product knowledge and excellent persuasion skills are required. Technical knowledge of finance and accounting is required for technical roles.

Make a Strong Resume

A CV for a job in the banking industry will differ from one for a job in, say, the creative industry. Professionalism is highly valued in the banking industry. Wherever possible, emphasize your analytical skills, financial literacy, and acumen. So, it is necessary to focus on building a strong resume that puts you above your fellow candidate.

Conclusion

The banking sector has seen a lot of changes in recent years. The industry has been upended by the rise of online alternatives, and new technologies have given rise to a slew of financial services startups. Banking is again on the rise and continues to be the backbone of the Indian economy. If you want to enter this sector, then follow the above-mentioned steps, join banking courses, and create a great future for yourself.




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