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India’s banking sector is a world of its own. Hosting a wide range of designations and proportionate job opportunities, the banking sector not only stands the test of time but also thrives. Year after year, candidates flood the gates of exam centers, eager to land their dream job in a reputed bank.
They know that a bank job can help them stand out in society and shine not just as a person of wealth but also as a person of reputation.
If you think you have a unique skill set and are wondering where to put it to good use, then the banking sector is where you should be searching.
The All-Embracing Sector
From law to engineering and finance to marketing, the banking sector embraces people from all walks of life. The ideal example would be the IBPS SO (specialist officer) recruitment held each year to recruitment personnel for various departments.
It’s almost as if there is a designation for every conceivable skill-set. Any skill-set you may possess, you can put to use here. The only thing you would have to do to monetize your expertise is to land a job in the banking sector by clearing the recruitment process.
But it is easier said than done mainly due to the sheer number of applicants for the limited number of vacancies. To truly understand this, take a look at the IBPS PO Result from the last few years.
You’ll get an idea of the lakhs of aspirants vying for the same job. Recruiting bodies such as the SBI, IBPS (Indian Banking Personnel Selection) and RBI conduct processes to recruit people with specific skill sets for various levels within the organization.
Simple Eligibility Criteria
The all-inclusive eligibility criteria are a testimony to how welcoming the banking sector is. For most jobs, the basic eligibility is an undergraduate degree. It is more of a challenge to find people who don’t fit the eligibility criteria.
But do not mistake its welcoming arms as a trap to minimal pay. In no way do bank jobs fall short of expectations when it comes to remuneration. Let us remind you of the IBPS PO Salary, entailing figures that ‘enable financial stability’ to say the least.
Please take note, however, that different bank exams call for different criteria and offer different pay grades. The designation quoted here is of a Probationary Officer (PO). The SBI PO and IBPS PO are amongst the most sought after exams by the candidates.
Very few jobs allow for accelerated career growth. Being one of them, a bank job generously provides numerous chances to build your career and prosper.
One of the ways it achieves this is by conducting internal exams that provide an opportunity for employees to climb up the pay grade. Not only do employees benefit from these exams, but graduates and people looking to change careers also do too.
The bank exams are spaced well apart throughout the year and allow for candidates to improve or excel in one exam or the other.
This is one of the prime reasons why people changing careers often prioritize bank jobs over other choices. With relatively fewer working hours, one easily finds time for his/her family and friends.
It is quite common to see young graduates chase a higher remuneration and then regret losing out on their personal life and family obligation.
The banking sector seems to have cracked the code of balancing pay with work-life balance. It isn’t a tradeoff in the banking sector.
Some say happiness comes from money while some would argue it’s the happiness of others that brings joy to us.
The banking sector provides you with a chance to realize happiness through both these avenues.
The service-oriented, banking sector pays you well, while at the same time permitting the much yearned work-life balance – a combination that is rare just as it is sought after.
These endless perks and sizable pay appeal to a lot of graduates and people who are looking for a change in career. In conclusion, it is safe to say that the banking sector indeed offers the complete package.
We hope this article was an eye-opener for you. Do take a peek at our other articles on banking exams and recruitment processes if you feel the need to know more.
Wishing you good luck!