Finance Jobs which will increase in future like Investment banking jobs arise due to forecasting of several mergers and acquision in e-commerce domain. Retail banking jobs emerge due to stronger spreading of money in Indian Market. Banking sector starts with focus of rural expansions and financial inclusion. One need to find suitable banking job in india with challenging competition in this sector.
Job Roles in Banking
In Banking Jobs lies pool of various task oriented roles that are specialized. The bank recruitments highlights the designation needed associated with the job responsiblities. The top designations in banking jobs are:
Banking Business Analyst
Banking Customer Service
Barclays Personal Banker
Chase Personal Banker
Citibank Personal Banker
Comprehensive Banker Writing Help
Phone Banking Officer
Small Business Banker
Top Employers Offering Banking Jobs
The current circumstances in the indian market will avail big investments in form of FDI & FII. As and when the rise of investments in the market there scale jobs in the banking sectors.
FIS Global Business
HDB Financial Services Ltd
Ing Vysya Bank
Societe Generale Global
Tata AIA Life
Banks Works and Positions
A bank is termed as the financial institution that receives deposits from the public and makes credit and greatly regulated in most of the countries because of their significance in the financial system and influence on national economies. The Bank of England was the first to start the permanent issue of banknotes in the year 1695. Taks of banks can be parted into five namely
Retail Banking handles straight with individuals & small businesses
Business offers services to mid-market business
Corporate Banking instructed at large business companies
private banking means to provide wealth management services to high-net-worth individuals & families
investment bankings relates to financial markets and activities
At present, India owns ninety three commercial and twenty seven public sector banks out of which nineteen are nationalized and six are SBI and its associate banks, and remaining 2 are IDBI Bank and Bharatiya Mahila Bank that are sectioned as other public sector banks.
Job Designations in Banking
Few prospective careers in banking are
Bank Probationary Officer/ PO
Specialist IT Officer
Agricultural Field Officer
Education Required for Banking Jobs
The least academic record needed to take the banking examinations are:
Bachelors in any discipline with knowledge of a local language.
Certificate or diploma in computer operations/ language from an
The age limit set is between 20-28 years with exemption up to 5 yrs for SC/ST, 3 years for OBC, 10 years for disabled.
What is IBPS / Institute of Banking Personnel Selection?
Institute of Banking Personnel Selection is one of the autonomous agency in India having its start since 1975 as Personnel Selection Services aka PSS. It had its registration under the Societies Registration Act, 1860 along with a Public Trust under the Bombay Public Trust Act, 1950. The ruling Board includes nominees from Reserve Bank of India, Ministry of Finance Government of India, NIBM, National Institute of Bank management, representatives of Public Sector Banks aka PSB, Insurance sector, & academics. They provide services in four areas viz. Recruitment Projects, Promotion Projects, Admission Tests and Certification Exam Projects and Assessment Centres & Group Dynamics Related Personality Assessments that comprise Group Exercises and personal Interviews. In the year 2011, IBPS confirmed a Common Written Examination/ CWE for the recruitment of officers & clerks in Indian banks and presently the CWE test of IBPS is compulsory for all who wants an employment in twenty-nine sector and regional rural banks in India. It too provides human resource services to NABARD, IDBI, LIC, insurance companies, public sector undertakings and govt. departments.
Banking programs launched by different government and private organizations focus at deploying students with ideas, tools & techniques in the banking sector. For example, widely, the bachelor’s degree course in Banking and Insurance provides specialization in the following sectors:
Corporate Laws governing Capital Markets
Cost Accounting of B&I Services
Effective Banking Communication
Environment and Management of Financial Services
HRM in Banking Organizations
International Business Management in Banking Organizations
Laws relating to Banking & Insurance
Organizational behaviour in Banking organizations
Quantitative Techniques in Banking
Strategic Planning in Banking organizations
Taxation of Financial Services
Pay Packet for Banking Jobs
The pay scales range for banking jobs for a fresher could differ anywhere between Rs.15,000 to Rs 40,000 to start with. Candidates who have PG from top business schools and banking institutions can anticipate up to Rs 20 lakhs per annum for the post of relationship managers based on their overall scores and the college they studied.
Several banking firms hire Indian students from the institutions of IIMs, XLRI, FMS and other famous colleges annually for salary packages not below Rs.25 lakhs per annum.