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Career in Banking Sector in India | Jobs & Growth Options In Banking

Career in Banking Sector in India

In today’s era bank job is one of the most preferred and secured Jobs. Everyone is desirous to secure their Career in Banking Sector in India. There are limitless jobs and great career growth options in banking.

Banks are measured the backbone of a country’s economy. Indian Banking system is very strong and doing job in banking sector is better options for growth. If you have decided or opt to make career in banking sector then you have taken right decision. As we know that India is a developing country and banks plays an important role in economy growth.

In India it the fastest rising industry and the swift growth & advancements are providing huge banking career opportunities. Individuals need to read this article to know detailed facts about Career in Banking Sector in India and Jobs & Growth Options In Banking which is created by the team members of recruitmentresult.com

Career in Banking Sector in India

How to Become a Banker:

There are different types of banker which includes personal, commercial and investment bankers. The responsibilities and role of every banker is different. Personal banker can work one-on-one with customers. Commercial Banker’s process loans to prospective entrepreneurs and the investment bankers connect financier with investment opportunities.

Basic Requirements of Job:

In the below section, we are giving table which includes details regarding necessities to become a banker.

Common Requirements
Degree LevelGraduate degree from a recognized university or institute
Degree FieldFinance, business administration (most prefer)
CertificationRecommended requires a bachelor’s degree, four years of related work experience and successful completion of three intensive exams
Key SkillsMath and customer service skills are important, in addition to strong business and communication skills

List of Entrance Exams for Bank Jobs:

We have given a few well-known Banking Entrance Examinations. At present, competition in these exams is too much high. By qualifying Banking Entrance Examinations, individuals can get placed in the related bank or financial organization.

Required Skills for a Banking career:

  • Customer Dealing
  • People with patience
  • People good with numbers and accounting
  • Good Analytical Skills

Career Progression of Officers:

  • Junior Management Grade – Scale I: Officer
  • Middle Management Grade – Scale II: Manager
  • Middle Management Grade – Scale III: Senior Manager
  • Senior Management Grade – Scale IV: Chief Manager
  • Senior Management Grade Scale V: Assistant General Manager
  • Top Management Grade Scale VI: Deputy General Manager
  • Top Management Grade Scale VII: General Manager

Check Here: Bank Salary Structure

Some Success Stories

Arun Tiwari

BSc in Chemistry Joined Bank of Baroda as PO in ’79. Right now, KR Kamath is CMD of Union bank of India.
KR KamathDid B.Com from Mysore, joined Corporation Bank as officer trainee ’77. Today KR Kamath is CMD of Punjab National Bank.
Arundhati Bhattacharya

Done BA in literature, joined SBI as PO back in ‘77. Today Arundhati Bhattacharya is the Chairman of SBI.

Employees of Banks will receive good financial packages along with other perks. Housing and medical facilities are also provided by banks to bank employees. And there is an added advantage of job security. Not to mention a great social status.

Check Also: Bank Syllabus


There is always demand for banking professionals.
Jobs & Growth Options In Banking

There is always demand for banking professionals. Candidates, if you have Graduate Degree in banking or any other Degree with an aptitude for it, just go for it and Grow Your Career in Career in Banking Sector in India.

Positives Points:

  • Banking employees are required all year long. After privatization, necessity for banking professionals has increased in multiple.
  • Candidates who have different specializations like Science, Arts and Commerce can apply for banking jobs after equipping themselves with diplomas that provide basic knowledge required in banking organizations.
  • Salaries of those candidates who are getting placed abroad are enormous and provide excellent scope for professional and personal growth.

Check Now: Bank Exam Model Papers

Career Opportunity In Banking Sector

In Indian, being a developing country banks are considered as a backbone of economy of country as this is the sector which has huge career opportunity. In Banking Sector, there are various posts from which the top most jobs are of clerks, MT (Management Trainees) and PO (Probationary Officers). Other career opportunities in this sector are bank tellers, financial service representatives, financial managers, Bill and account collectors, loan officers, audit clerks and book keeping.

Types of Banks in India:

Bank is categorized into 3 parts i.e. Commercial Banks, Co-operative Banks and Investment Banks and specialized banks.

Commercial Banks:

Commercial banks are categorized into 3 parts which is mentioned below:

Role of Commercial Banks are

Mobilizing Saving for Capital Formation
Financing Industry
Financing Trade
Financing Agriculture
Financing Consumer Activities
Financing Employment Generating Activities
Help in Monetary Policy

Co-operative Banks:

These banks are set up to give benefit to rural people such as farmers and small scale industries etc. These are controlled and managed by co-operative societies. Co-operative Banks is further categorized into

  • State co-operative Banks
  • Central co-operative Banks
  • Primary Agriculture Credit societies

Investment Banks and Specialized Banks:

Investment Banks and Specialized Banks provide financial support to its consumers and also provide essential support such as foreign exchange, sales of equities, foreign trading etc. to its customers.

Check This- Top 10 Job Oriented Courses

Courses in Banking Sector:

There are various short term and long term courses in banking sector. Even B.A, B.Com, B.Sc. and 12th pass-out candidates also have a chance to be selected in public and Private Sector Banks etc. Name of some courses is as follows:

  • PG Diploma In Banking
  • Diploma In Banking & Finance
  • MBA In Finance & Management
  • Courses In Chartered Accountancy And Financial Analysis
  • PG Diploma In Investment And Banking
  • Courses In Commerce Finance, Accounting, Auditing And Taxation

Jobs in Banking Sector

In banking sector, there are various posts, some of the posts names are mentioned below:

Subject Matter SpecialistCommunications Manager
ManagerAdministrative Officer
Officer ScaleOffice Assistant

Probationary Officer

Law Officer
Management TraineeAccountant
General banking officerClerk
Private Secretary

Read Here: How to Choose Right Career

Services of Banker:

Bankers provide various services to its customers. They support customers with initial banking requests like opening a saving, current account and set up the certificates of deposit and any other money handling option. Banker offers variety of services like trusts, deposits, investment accounts, lines of credit etc.

Organization trained bankers to answer any questions that consumers ask related to banking needs. They help customers effectively to manage their accounts. Some of them focus on personal banking and others focus on commercial banking and focus on businesses. Bankers give their full effort for providing excellent customer service and establish good relations with their consumers.

Want to Know? How to Get Bank Jobs

Tips for Getting Hired for Bank Jobs:

  • Must show mathematical aptitude to impress interviewers
  • Be thorough with accounting and financial skills acquire in school and college.
  • Calculate everything quantitatively and Speak to point as you display your subject skills.
  • Candidates, when you are going to attend  interview Carry your awards and certificates from school and college
  • This is a condition for all candidates appearing for interviews with banking organizations should be dressed formally and speak boldly.
  • Assure interviewers that you have no problem with extra working hours every day.

Must Check: List Of Banks Under IBPS

Essence of the page:

Candidates who have desire to grow their career in banking sector, can go through the above part of this page to get complete details. From this page, you will get complete information regarding bank exams, growth options in banking, services of banker, jobs in banks, Some Success Stories etc.

If you are interested to get information regarding syllabus, exam pattern, study material of any competitive exams etc then stay tuned with us through our web portal i.e. recruitmentresult.com. We will update this page time to time.

Something That You Should Put An Eye On

Eligibility for Bank JobsBank Salary
Bank Preparation MaterialBank Online Test
Bank PO Commonly Asked QuestionsBank PO Exam Preparation Tips
Bank Interview Que & AnsBank Clerk Study Material
Bank Exam PatternBank Placement Papers

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5 Responses to "Career in Banking Sector in India | Jobs & Growth Options In Banking"

  1. GOVINDA DEWANGAN

    I AM GOVINDA DEWANGAN FROM DHAMTARI MY CURRENT JOB HDFC BANK DHAMTARI POST TAILOR ACCOUNTED MY BANK JOINING 24 FEB 2014 TOTAL 3 YEAR EXPERIENCE & OTHE EXPERIENCE 5 YEARS .
    SO KINDLY GIVE ME ONE CHANCE THIS JOB
    THANKS

  2. Ajeet Kumar

    I am ba pass in 2017.fresher job in bank.

  3. akshay pawatr

    i am bbi pass in 2017.fresher job in bank.

  4. Raman mishra

    I am finished b.a I want to do job in this sector..

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