March 16 is an important date for those who are looking to make a career in Banking as it is on this date that the country wide IBPS exam is taking place. Lakhs of applications for the post of Probationary Officer and Technical Officer show that there is a huge demand for banking jobs in India. A job in Bank invites envy of all owing to a long list of benefits that is associated with these jobs. Whether it is the lifelong guarantee of stability and financial security or the long list of holidays that every banker gets, or the regular 9 to 4 job schedule, a banker’s job is really one to vouch for. This is the prime reason that there is so much competition in this sector.
There are more than 30 major national banks and a similar number of Private Banks which work at national level and therefore the number of vacancies is also ever increasing. However, with more private banks capturing the market, the recruitment in this sector has now fragmented. There is a separate section of candidates who prefer private banks over nationalised banks due to the benefits and huge salaries that they provide while there is a section of people who would still prefer the comfort and stability of a state-owned bank.
Although the functions are more or less the same, but there are some specialised requirements which are different for both types of banks. Those who want to make a career in private banks often have to go through banking courses and finance courses to make them suitable for intensive work environment. Besides, private banks lay more emphasis on an individual’s academic track record and interpersonal skills. On the other hand state-owned banks have traditionally relied upon their entrance tests which test the candidates on their knowledge of banking, his aptitude and awareness of India’s political and civic history. Whatever sector you are aiming for, 2013 is the best time for you to be a part of this dynamic sector as the number of opportunities is gargantuous.
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