In terms of pay and employment stability, a career in banking can be fulfilling. This may be the ideal career choice for you if you enjoy working in a fast-paced atmosphere and are strong with numbers. However, you should be aware of the requirements to apply for bank employment before you begin your search.
This post covers how to apply for a bank job, including the qualifications and skills you’ll need as well as the potential salary range.
How Do You Get a Job At Public Sector Banks?
To find out how to work at a public sector bank, follow the following steps:
1. Make an investigation
Jobs as a bank clerk, probationary officer (PO), or specialist officer (SO) are available in the public sector or government banks. Federal government banks only hire Indian nationals. Gaining employment at a government bank is possible through three institutes:
- IBPS, or the Institute of Banking Personnel Selection
- The Indian Reserve Bank (RBI)
- India’s State Bank (SBI)
These institutes all have different qualifying requirements and administer their exams.
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2. Identify what qualifications and education are necessary.
Different eligibility requirements apply to each of the three aforementioned institutes, such as age restrictions and minimum educational requirements for taking their admission exams for banking jobs. These are:
SBI
For the PO and bank clerk positions, the SBI administers a common written exam. The age range for the PO position is between 20 and 30 years old, whereas the bank clerk position has an age range of 20 to 28 years old. Additionally, candidates must hold a graduation degree from a university that has been approved by the Indian federal government. Applications are also accepted from students who are in their last year of graduation.
RBI
A usual written exam is administered by RBI to candidates for Grade B officer positions. The candidates need to be degree holders. This position has an age restriction of 21 to 30 years old. Candidates with an MPhil, however, may apply up until the age of 32, and those holding a PhD, up until the age of 34.
IBPS
IBPS administers a unified admission examination for positions in government banks such as PO, SO, and clerical cadre, as well as Group A and Group B assistant posts for Regional Rural Banks (RRBs). The following qualifications apply to various positions:
- PO and Clerical Cadre: Candidates between the ages of twenty and thirty may apply for these two positions. In addition to possessing a basic understanding of computers and being certified graduates in any field, they should be able to read, write, and speak the state’s official language with ease.
- SO: Applicants must be between the ages of 20 and 30 to be considered for this position; the specific educational requirements for each position vary. As a SO, you can work in any public sector bank as an IT officer, marketing officer, law enforcement officer, HR/personnel officer, or agricultural field officer.
- RRBs: A PO’s qualifying requirements also apply to RRBs. Moreover, applicants may apply for positions as office assistants, which are comparable to clerical cadre positions in cities.
3. Pass the written test.
You must take and pass one of the following written exams to be hired by a government bank:
- IBPS PO
- RBI Officer Grade B
- IBPSRRB
- BPS Clerk
- IBPS SO
- SBI Clerk
- SBI SO
- SBI PO
The three stages of these exams are the preliminary, major, and interview exams. Following your success on the preliminary test, you can take the main exam. The applicants on the selected list are chosen based on the grades they receive during these three stages.
How Can Anyone Get a Job at Private Banks?
A personal finance adviser, private banker, investment banker, bank teller, business development manager, or relationship manager are among the roles that can be filled in private sector banks based on your skills and the open opportunities. Following are the procedures to obtain employment in banks in the private sector:
Get banking education
A certification in a banking-related subject or further study may be worthwhile endeavors to enhance your chances of being hired by a private sector bank and obtaining a higher income. For instance, high-level bank jobs may be easier to obtain if you have an MBA in banking. For better job opportunities, you can even work toward a diploma in banking.
Get a bachelor’s degree
Bachelor’s degree holders, especially in finance, accounting, business, or economics, are typically required for employment in private banking. In light of this, consider this when selecting your degree subjects after earning your 10+2.
Be aware of the service bond
You can be required to sign a one- to two-year service bond by several private banks. An applicant is not permitted to leave or resign before the service bond’s completion. Before signing the service bond, review its terms and conditions.
Understand the requirements for eligibility and the required level of education:
Every bank job has a different set of qualifying requirements. A candidate may need to hold an MBA or another suitable post-graduate degree for certain positions, while others may only require a basic graduation degree. Gaining employment in any private sector bank also requires having excellent computer abilities.
For Banking, What Do You Study?
Study these topics to ensure you pass any banking exams:
- Thinking skills
- Aptitude for math
- Speaking English
- understanding of computers
- a general understanding of banking and economies
What Qualifications Must You Meet To Work at a Bank?
At the very least, a bachelor’s degree is required to work in banks, either private or public. A bachelor’s degree in finance or a similar area is preferred by private sector banks above graduation in any discipline by public sector banks.
Bank Jobs’ Average Salary
An average bank officer in a private sector bank makes ₹2,21,984 annually; a bank clerk makes ₹3,70,853 annually; and a relationship banker makes ₹2,49,794 annually. Your qualifications, experience, and talents will determine your pay.
Skills Needed to Work in a Bank
Getting a job in a bank typically requires having a few of the following skills:
- Solving issues
- Collaboration
- Client support
- Technical skills relevant to banking
- analytical reasoning
- Being trustworthy
- Willingness
- Self-assurance
- Conversation