How to get a job in Banking? Are you aware of the incredible benefits that come with a career in banking? From competitive salaries to job security, this profession offers a world of opportunities. If you excel in numerical skills and thrive in fast-paced environments, pursuing a job in banking might be the perfect fit for you. In this blog post, we will walk you through the essential steps and key insights that will help you navigate the path to securing a coveted job in banking.
How to Get a Job in the Public Sector Bank?
Discover the step-by-step guide to successfully obtaining a bank job in the public sector:
Conduct thorough Research
If you’re aspiring to build a career in the banking sector, you can join a public sector or government bank as a bank clerk, probationary officer (PO), or specialist officer (SO). It’s essential to note that these positions are typically available to Indian nationals only. Three institutes play a significant role in providing opportunities for government bank jobs:
- The Institute of Banking Personnel Selection (IBPS)
- Reserve Bank of India (RBI)
- The State Bank of India (SBI)
Each institute conducts its examinations and has distinct eligibility criteria.
Understand the Educational and Qualification Requirements
The eligibility criteria, including age limits and academic qualifications, vary among the institutes mentioned above.
- IBPS conducts a common entrance exam for various job roles such as PO, SO, and clerical cadre in government banks. It also conducts exams for Group A and Group B assistant posts in Regional Rural Banks (RRBs).
- Candidates between 20 and 30 are eligible for these roles. They should hold a graduate degree in any discipline, possess basic computer knowledge, and have proficiency in reading, writing, and speaking the local language of the state they are applying for.
- Candidates between 20 and 30 can apply for SO positions, and the educational qualifications required vary depending on the specific post. As an SO, you can be hired as an IT officer, agricultural field officer, law officer, HR/personnel officer, or marketing officer in any public sector bank.
- The eligibility criteria for RRBs are the same as that of a PO. Additionally, candidates can apply for office assistant posts equivalent to clerical cadre posts in urban locations.
- The State Bank of India (SBI) conducts a standard written test primarily for the positions of Probationary Officer (PO) and bank clerk. Candidates between the ages of 20 and 30 years are eligible for the PO post, while for the bank clerk post, the age limit is between 20 and 28 years. Additionally, candidates should hold a graduation degree from a recognised university accredited by the central government of India.
- The Reserve Bank of India (RBI) performs a joint written examination to select candidates for Grade B officer posts. Candidates’ age should be between 21 and 30 years. However, candidates with an MPhil degree can apply until the age of 32, while those with a PhD degree can apply until the age of 34.
It’s crucial to thoroughly review the eligibility criteria provided by these institutes to ensure you meet the requirements before applying for bank jobs.
Clear Banking Exam
To pursue a job in a government bank, you must complete one of the following written examinations:
These exams typically have three phases: a preliminary examination, a primary test, and an interview. Once you pass the initial exam, you become eligible to appear for the main exam. It is crucial to clear each phase of the examination to secure a job in a bank. The ultimate selection of candidates is determined by their marks in all three stages.
What Topics should you Focus on while Preparing for the Bank Exam?
To clear banking exams, study these topics:
- Reasoning abilities
- Quantitative aptitude
- English
- Computer knowledge
- General awareness of the economy and banking
How to get a Job in Private Sector Banks?
To secure a job in private sector banks, consider the following steps:
Earn a Bachelor’s Degree
Most private banking positions require a bachelor’s degree, preferably in finance, accounting, business, or economics.
Pursue Education in Banking
To enhance your career prospects, consider pursuing higher education or certifications in banking-related fields.
Understand Job Portals
Explore job portals, bank career sections, and platforms like SpotGiraffe to search for private-sector bank job opportunities.
Know Eligibility Criteria and Educational Qualifications
Familiarise yourself with the specific need for each bank job, which may include different academic qualifications and computer skills.
Clear the Hiring Process
Private banks may conduct written exams, group discussions, interviews, or other assessments as part of their hiring process—research individual bank websites to understand their specific recruitment procedures.
Be aware of Service Bonds
Some private banks may require candidates to sign a service bond, typically lasting one to two years. Prior to signing, it is essential to thoroughly read and comprehend the terms and conditions. By following these steps and staying informed about the specific requirements of private sector banks, you can increase your prospects of securing a job there.
The Average Salary for Bank Jobs
The salaries in private sector banks vary based on position and individual factors. On average, a bank officer earns ₹2,21,984 per year, a bank clerk earns ₹3,70,853 per year, and a relationship banker earns ₹2,49,794 yearly. However, it’s mandatory to note that these figures are averages, and the actual salary can be influenced by factors such as the individual’s skills, qualifications, and experience.
Enrolling in bank coaching can significantly expedite your exam preparation process, and at Finprov, we take immense pride in providing comprehensive guidance and unwavering support to our students. We understand the necessity of personalised attention and strive to offer individualized advice, identifying strengths and weaknesses to help students improve.
Our bank coaching program covers diverse topics such as quantitative aptitude, reasoning, English language, general awareness, and banking-related subjects like banking laws, finance, and economics. We offer flexible coaching options to suit different preferences and schedules for SBI, IBPS, RBI and RRB exams, including classroom coaching, online coaching, study materials, test series, mock tests, and doubt-clearing sessions.
Whether you’re a newcomer to the banking sector or an experienced candidate seeking career growth, our bank coaching classes at Finprov cater to your specific needs. Our comprehensive coaching, led by professional trainers, equips you with the proper knowledge to secure a job in the competitive banking industry. With Finprov, you can confidently embark on your banking career journey, knowing you have the guidance and resources to excel in challenging exams.
