Banking from the very beginnings of human civilisation has been keenly creating employment opportunities. With the modern age business serving customers across shores, banking has emerged as one of the most important career choices among students in India. With the government of India’s FDI policy in banking in the beckoning, the banking sector is set to create large employment opportunities. It is a well paid and a safe career. It might appear at times that this profession is intended mostly for commerce students though in reality nearly all bank officials are from various streams of education such as Arts, Science, Commerce, engineering and other streams. A strong foundation in the basics of mathematics is that is expected for all aspiring students seeking a profession in banking sector.
Graduates from any stream can enter in public or private sector banks by clearing the All India Examination which is being conducted by banks every year. The necessity for more professionals in this field has increased due to the emerging new technologies and increasing number of private banks and financial institutions.
Few Courses offered under this field:-
• Master of Business Administration in Banking
• Master of Business Administration in Banking and Insurance
• Master of Business Administration in Banking and Finance
• Post Graduate Diploma in Banking and Insurance
For admission into a bachelor’s degree, the candidate must have passed the higher secondary education or 10+2 examination with commerce subjects such as accounts, math’s and economics. The duration for this program is of 3 years.
For admission into a master’s degree a must have a bachelor\\\\'s degree with commerce subjects such as accounts, math’s and economics. The duration for this program is of 2 years.
MBA Graduates with specialisation in banking have consistently been the most sought after in job fairs all over the world. Banking & Finance has consistently been highest paid job over the years in job fairs across the world. The advent of international banks to recruit Indian students has brightened the job prospects of the average Indian aspirations. Knowledge in both finance and management are hired by banks for different posts on the basis of All India Examination. Although, finance and management graduates may have an edge over other aspirants, any student from any stream is eligible to enter this field by qualifying the entrance exams which are being conducted by banks every year. At senior level banks opt for experienced bankers.
Pay package in Banking Industry:-
Those who are working in public sector banks can get a salary ranging from Rs.12,000 to Rs.15,000 per month while the salary for officers start within a range of Rs.15,000 to Rs.20,000 per month. MBA professionals who are employed in public sector banks can expect a higher salary. Whereas when the same professionals are employed in private sector and overseas banks they get a salary package between Rs.25,000 to Rs.30,000 per month.