How to Make a Successful Career in Banking?
How to start a career in Banking? There are numerous lucrative jobs in Banking which offer high salary and job security but preparing for a career in Banking generally means getting graduated with a degree in Finance/Economics/Banking/Commerce and cracking bank exams. The minimum qualification needed for a job in Banking is a bachelor’s degree in Commerce or Management-related specialisation. Further for banking jobs, you will have to study quantitative aptitude, general awareness, reasoning, English and basic computer skills to ace bank exams! Read this blog to know all about how to to start a career in banking, top courses, jobs, salary and more!
Banks are institutions that are responsible for driving funds into the economy which further leads to the development of the country. Banking has been amongst the sought-after careers for ages, especially in India and still the mindset of the population has not changed. No matter the ongoing changes in the technology and the revolution taking place in the business industry, the only thing that has remained constant over centuries is having a career in the banking sector. Obviously one might not feel motivated to work in a sector if they are not aware about the present and future benefits. That is why we have provided a list of few benefits that will tell you why you should opt for a career in banking.
• Handsome salaries in India and abroad
• Competitive compensation and pension if you have worked in a government bank.
• Numerous work opportunities
• No limit for promotions
• A perfect sector for highly ambitious individuals and professionals
• Community and public service motive
• One of the important benefits as to why people opt for a career in banking is because of job security.
• Everyone having a basic education in the field of commerce is welcomed as fresher’s in this sector.
• The banking sectors are the backbone of any economy and hence they are not affected during the recession period in the economy.
• Job satisfaction and overall skill development
• A highly regarded/reputed job profile in the eyes of the society
List of Careers in Banking
Banking offers many rewarding and lucrative career opportunities, be it the public sector or the private sector. Let’s look at the top 10 most trending jobs and careers in banking:
Career in Banking Salary
Bank Manager 7 Lakhs p.a.
Financial Accountant 4 Lakhs p.a.
Financial Risk Manager 11 Lakhs p.a.
Certified Public Accountant (CPA) 7 Lakhs p.a.
Investment Banker 10 Lakhs p.a.
Equity Analyst 4 Lakhs p.a.
Apart from these, some of the most popular careers in Banking are:
• Asset Manager
• Financial Risk Manager
• Business Analyst
• Internal Auditor
• Foreign Exchange Trader
• Credit Analyst
• Loan Officer
• Bank Teller
• Financial Manager
• Financial Service Representatives
• Book-Keeper
• Audit Clerks
The following skills will help you to build a career in banking sector:
• Customer dealing
• Customer satisfaction
• Analytical skills
• Good knowledge of numbers and accounts
• Mental maths
• Communication skills
• Patience
• Attention to minute details
• Confidence
• Critical thinking
• Technical skills
• Stress management
• Resilience
For those planning to build a career in Banking, there are numerous degree programmes available at the undergraduate and postgraduate level. In India, the basic qualification you need to apply for Banking jobs is a degree in Commerce, Science or Arts and they must get a good score in the requisite Bank exams to be eligible for their chosen posts. Here are the prominent Banking courses you must consider:
• Bachelor’s in Banking and Finance
• MBA in Banking and Finance
• Diploma in Banking and Finance