India is world’s 6th largest economy of the world and has robust banking infrastructure. According to Reserve Bank of India (RBI), the banking sector of India is amply capitalized and is well-regulated. As compared to other countries, the banking sector of India is far superior and resilient in all major financial aspects. Recently speaking, Indian banking industry has witnessed the advent of innovative banking models and advanced banking techniques, which have encouraged internet and mobile banking in India. The sporadic rise in the working population and disposable income has raised the demand of banking in India.
The innovation and revolution in banking sector has generated a great demand of personnel’s in this sector and so this sector is becoming hot favorite in job markets. Nowadays, the functioning of banking is not limited to lending or depositing money but there has been massive development in professional management as well as in modern managerial techniques and practices in banking through SBI PO Coaching in Chennai.
In this write-up, we will talk about the importance of choosing banking sector as career by millions in our country.
1. Decent Salary Packages
The banking jobs provide decent salary packages than other sectors in entry level jobs. So, there is a massive rush of applicants for banking competitive exams like IBPS PO, IBPS Bank clerk, SBI PO, SBI Bank clerk exams etc. every year. It is estimated that in Public Sector banks, the salary of Bank Probationary Officers is approximately 4-4.5 lakh per annum and it is slightly higher for SBI PO’s. The decent salary packages are the most fascinating feature that attracts a big section of Indian youth.
2. High Growth Opportunities in career
Banking sector is among those sectors where aspirant can expect benefits of career growth opportunities in few years of his working tenure. It is believed that candidate who joins as Bank PO in the first year in rural or urban areas get a promotion by the fourth year. The bright candidates have been promoted to the post of General Manager in 15th year of their working career. In exceptional cases, the promising candidates have also been promoted to the post of Chairman in leading branches. In nutshell, the banking jobs deliver you awe-inspiring experience of financial and banking world which helps in building healthy social circle of businessman and entrepreneurs around you. It further helps in developing good business relationships or can give you opportunity of switching to better career options through SBI PO Test Series.
3. Security of Job
The most trustworthy factor of banking jobs in India is “Job Security”. In cutthroat job market, where fate fluctuates every hour for big companies and its employees, banking jobs guarantee job security and therefore delivers a peace of mind of a secured future. Despite protection from being “jobless”, banking jobs provides congenial working environment and respectable social status.
4. Offers Jobs to every Graduate
If you are Graduate then you can apply for a banking job. The uniqueness of banking job is its availability to every graduate from any stream. The applicants for banking jobs are from streams like Arts, Science, Finance, Marketing, Communications, Economics, Mathematics, Law, and Engineering, IT etc. You have to clear the respective bank competitive exams which are based on your previous learned concepts to enter banking sector. As a professional, you are groomed by the team of experts which provide you competent training which helps you in maturing into a good banker. If you have good grasping power and facing new challenges then banking sector is for you.
5. No effect of Recession on banking jobs
In lean economical phases of recession, war, natural calamities etc, the jobs in banking sector are secured and no employees is feared of being dropped or fired from his job. Banks are considered to be backbone of our economy. In developing country like India, the financial and economic conditions are hugely relied on banks. Even, during global recession, the Indian economy was least affected because of the soundness of our banking system.
In nutshell, we can say banking is a profession which offers a huge variety of opportunities as well as the possibility of rapid career progression, good salary packages, perks and other benefits, and so this makes it a preferred choice of every Indian youth.
In case you are located nearby Chennai and preparing for bank exams or any government job exam then IBT CHENNAI is the best choice to qualify for the most prestigious career of the lifetime !!
All the Best!!!
