Since the last 3 decades, the banking sector of India has been touching skies. Banks in India, today, are not just limited to deposit & withdraw money, they have grown beyond it. Over the years, this sphere has undergone a major transformation that includes the management of banks and their operations. Several new practices have been introduced for simplification of the schemes offered by banks. Owing to these and other benefits offered, the Indian youth is inclining towards making a career in banking. It is a profession that promises consistent growth and new challenged every day. As you’ll read ahead, you’ll find some exciting reasons advocating why a banking job is turning a major preference for young graduates.
1. There Is A Career For You
No matter what your choices, skills, interests, or qualifications are, there is a career for you in the banking sector. There is a plethora of opportunities awaiting you in the banking domain. All you need to do is find what clicks with your personality and your skill set. Banks are always looking out for talented economists, marketing persons, accountants, financial advisors, HR professionals, media and government relations experts, statisticians, etc. Moreover, professionals in the financial technology and IT field are also in high demand in the banking sector. You have a lot of options to choose from when it comes to finding the perfect job.
2. Great Perks With A Lucrative Package
When looking for a banking job in India, there are over 27 nationalized banks that comprise both Public Sector Banks and government banks. These nationalized banks are known to be offering great perks to all their employees. Be it travel allowances, dearness allowances, holidays, or any other perks, banks are always ranked number one in it. Moreover, the salaries that professionals working in the banking sector draw is far greater than salaries in other similar industries. The bonuses, incentives, appraisals, increments, etc., are also well-planned in the banking sector.
3. It Has Its Network Globally
Another great reason that magnetizes today’s youth to choose a career in banking is that they get global exposure. If you take a deeper dive in the world of banking, many banking professionals often deal with clients situated overseas. Many times, a banking professional requires traveling abroad for the vocational purpose. It not only provides exposure but kills the mundane schedule of everyday life.
4. Dynamic & Robust Training Routines
A career in banking includes intense training. Bankers all over India and overseas possess a skill-set that isn’t everybody’s cup of tea. Banks rope in those individuals who are smart, well-educated, and team-players. Individuals roped in for working in the accounting department, cashier’s team, record maintenance department etc., are trained professionally so that they can be more resourceful & productive.
5. Contribute In Economic Development
Bankers and their expertise in the domain play a key role in the development of the country’s economy. The government policies are designed by keeping the country’s finance into consideration. Since banking and banking jobs are monikered ‘Backbone of the Indian Economy’, this domain offers a chance to every individual residing and earning in India to contribute to the betterment of the Indian Economy. Banking is the safest way to work for yourself as well as the country.
6. Higher Growth Rate
As compared to other jobs, a career in banking promises frequent growth & progress in the career. Banks hire and train individuals regardless of their gender, age, race, and physical capabilities. By consistent hard work, a junior officer can reach up to the rank of the manager & above within some years. This is possible because banking jobs are secured.
7. Recession-Proof Profession
As compared to other fields of profession, a career in banking is recession-proof. Aforesaid, the banks are the spine of the country and play a key role in developing a country’s economy. A developing nation, like ours, solely relies on banking operations. This job is one among those that are least affected by the global recession. Even during the global recession, banks across the world stood as a key pillar for supporting their country’s economy. Similarly, the Indian economy wasn’t affected on a huge scale owing to the soundness of the Indian Banking System.
Carving a career in banking is not a hard job. The aspirant needs to channelize what ticks him/her for paving a way in this industry proffering humongous benefits. By going through this rite-up, many people have got a basic insight to establish themselves by making a career in banking. Furthermore, to crack banking exams, there are numerous sample papers scattered all over the internet that assist candidates. Apart from these, one can go through the video tutorials for nailing a banking interview right.