Banker

Empowering your career in banking and finance: Banker career guide

About

A Banker is someone who works in a bank, credit union or financial institute and provides assistance to the clients with financial queries as well as other needs. They perform various activities like accepting the deposit, withdrawing facilities, lending money, exchanging money for foreign exchange and much more. Furthermore, Bankers manage all the activities of a bank. 

Moreover, they assist clients in setting up accounts, budget planning, offering financial advice, etcetera. They may promote selling products and services like loans and investments to the clients. Most Bankers work in an office setting. Bankers have detailed financial knowledge which they can assist to clients as well. Their work involves building lasting relations with the clients.

Eligibility

For Bachelor’s

  • Aspirants need to pass 10+2 with at least 50% marks from any recognised board. Commerce Stream is given preference.
  • Students can opt for a Bachelor's degree in B.Com or B.A.Economics.

 For Masters

  • To gain job market knowledge, one can opt for a Master's degree in MBA in Finance or Banking. 
  • Banks take exams of Candidates as well in order to recruit them.

Job Roles

The field of Banking aims to provide in-depth knowledge and enhance the skills of the students. To do such a task, this field presents innumerable job profiles:  

  • Bank Teller
  • Investment Banker
  • Private Banker
  • Bank Clerk
  • Financial Analyst
  • Credit Analyst
  • Auditor
  • Loan Officer
  • Banking Associate
  • Finance Manager
  • Bank Relationship Manager

Top Recruiters

There are many recruiters from leading companies who enlist potential students in the Banking field. Following are some Recruiters from where students can find an employment opportunity in India: 

  • CSB Bank
  • ICICI Bank
  • HDFC Bank
  • Axis Bank
  • Kotak Mahindra Bank
  • Federal Bank
  • State Bank of India
  • Citi Bank
  • IndusInd Bank
  • UCO Bank
  • IDFC Bank
  • Yes Bank
  • IDBI Bank

Salary

The salary range may vary from company to company, but the salary of a Banker is very impressive only in India.

 

Level of Salary

Salary Package per Year

Starting Salary

Approx ₹3,30,000

Mid Level Salary

Approx ₹8,10,000 

Senior Level Salary

Approx ₹15,60,000 

Skills

  • Commercial Awareness
  • Analytical Problem Solving Skill
  • Attention to Detail
  • Interpersonal Skills
  • Work Ethic
  • Tech Savvy
  • Stress Management

Scope

India has the most disciplined banking structure among other countries. Banking is also among the fastest growing industries and along with the growth of the industry, the growth of the employees is bound to happen. This career field is helping the Indian Economy to flourish as well. There has been rapid development in the Indian Banking Sector over the past few years. 

Banking offers numerous opportunities to the employees like Probationary Officers, Managers, Branch Managers, Assistant Managers and much more. Furthermore, a person must be good with numbers along with dedication and good communication skills in order to flourish in this field. Needless to say, now is the right time to choose banking as a career as it is growing tremendously.

Benefits

  • Multiple Opportunities for Career Growth
  • Fixed Schedule
  • Well Respected
  • Employee Benefits
  • Meeting New People
  • Handsome Salary
  • Excellent Work-Life Balance

Drawbacks

  • Highly Professional Work Setting
  • Always have to be Presentable
  • No Room for Mistakes
  • Repetitive Work
  • Involves a lot of Standing