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• Top Companies – Citibank, ICICI Bank, HDFC Bank, SBI, Standard Chartered Bank, ABN AMRO Bank etc.

• Kinds of jobs available/ Skills required for each designation – Banks have different Departments

1. Corporate Banking
2. Retail Banking
3. Investment Banking
4. Business Banking
5. Private Banking
6. Transaction Banking

Selection procedure for other Nationalised Banks

Recruitment for the public sector banks is done through the Banking Service Recruitment Boards (BSRBs). The advertisements for recruitment appear in newspapers as well as the Employment News. Recruitment is done on the basis of a written test, which consists of:

1. Test of Reasoning
2. Quantitative Aptitude
3. General Awareness
4. English Language
5. Descriptive Test

The test is qualifying in nature and the marks obtained are not added in the final merit list. Except for the descriptive portion, all other sections contain objective-type questions. In Reasoning, there is verbal and non-verbal sections. In English, the test is aimed at judging the overall comprehension and understanding of the language. The descriptive paper can be answered in English or Hindi. It judges the written expression of the candidates. All sections must be qualified.

Foreign banks pick up their personnel management institutes, from interviews held in the premier management institutes, from among finance professionals such as Chartered Accountants, Cost and Works Accountants and Chartered Financials Analysts and also from the fold of experienced personnel of the apex financial institutions and public sector commercial banks. Private banks recruit Officer Trainees from amongst first class graduates, Management Trainees from amongst MBAs, and also recruit experienced personnel from the banking sector for middle and higher management positions.

One can do a specialised course in banking from a number of universities offering such courses. The eligibility criteria is different for different courses and candidates are advised to check these out directly from the universities concerned.

A clear logical mind, alertness, ability to take initiative, friendliness, assertiveness, diplomacy, capacity to motivate team members, efficiency, sincerity, drive, tact, sound knowledge of the banking system with up-to-date knowledge of recent developments, adaptability, dynamism and result-oriented outlook.

The person should have a mathematical aptitude. Employees joining as officers should be able to lead, motivate and manage the bank staff. Good verbal and written communication skills help in effective interaction with the clients as well as the staff. Integrity and honesty play a major role in all dealings related to money, staff and clients. A person responsible for foreign exchange transactions needs to have a sharp, quick and analytical mind.

• Salaries offered to these positions – anything between Rs.8000 to 15000 p.m. for graduates and Rs.12000 to 45000 to Post graduates depending upon the institute from where they have qualified.

• Terms of Employment – Probation period is usually 6 months

• Timings of work – Usually fixed but sales people may have to work late on month ends to meet targets.

• Work Culture – Formal

Future career prospects/growth pattern/ Requirement of freshers in the coming year - Banking has emerged as one of the most challenging sectors in the country. Openings are available at various levels, from Bank Clerical to Probationary Officers (PO). There is great job security and the salary is very good, besides the perquisites of loans for employees. It is a lucrative career: till recently careers existed only in nationalised banks, but with liberalisation, a host of private banks have been set up. As a result, demand for trained professionals has increased substantially. The private banks offer better salaries but then the job security is also less.