The learning process does not end when you land a bank job. Rather, it begins there. In addition to the JAIIB, CAIIB, NSE, and BSC, several other certificate examinations are conducted by several institutions. As well as giving you an edge for promotion and monetary benefit, this will also give you a greater understanding of what you do, improve your self-confidence, as well as help you grow as a mature and confident individual. Both bankers and non-bankers can accelerate your banking career with these exams.
As an entry candidate for a bank, you must pass the JAIIB exam conducted by http://www.iibf.org.in. These tests are said to be very difficult, and some colleagues have been writing these tests for years without success. These hearings should not discourage you. Passing this exam is very straightforward. A few months of hard work is all it takes. Upon passing this test and the next CAIIB, you will begin to make more money right away than you will in three years. This examination’s website provides good information about everything about it, so we won’t go into details. We would like to share with you the fact that passing this exam will yield a monetary benefit for you. Look at the table below.
How To Accelerate Your Banking Career?
The Indian Institute of Banking and Finance (IIBF) conducts two important exams related to banking, the JAIIB, and CAIIB. In addition, you’ve probably heard of these exams as part of your banking career. Here is everything you need to know about JAIIB and CAIIB and how they can help you enhance your career for those of you who have recently entered the banking sector and are not familiar with these bank exams. In addition to offering reimbursement of fees, public sector banks provide advance salary increments to professionals with certain certifications. Banking courses enable bankers to sharpen their skills, enhance their future prospects, and improve their chances of promotion.
In addition to providing knowledge relevant to risk, financial, and general bank management, CAIIB aims to provide advanced knowledge necessary for better decision-making. A senior serviceman would not be allowed to enter a bank in the government sector on the basis of a waiver. CAIIB candidates, however, are preferred. There are several government posts that you could apply to, including Assistant General Manager (AGM), Manager, and Assistant Manager (AM). You may also pursue postgraduate courses with a minimum of 55% marks in an Indian or Foreign University/Institute, like an MSc in Economics/ Applied Economics/ Econometrics or Master’s Degree in Commerce with Economics/ Applied Economics. With a postgraduate degree and CAIIB, you can also seek similar positions within RBI. Under the career section of each bank’s website, you can find information on all the jobs available and the eligibility requirements.
How Non-Bankers Benefit From These Certifications
While non-bankers can’t apply for the JAIIB examination, they may apply for the Certificate in Banking and Finance course (DBF), offered by the Institute of Banking and Finance. Unlike the JAIIB, it is offered to non-bankers and non-members of the IIBF, so it is equivalent to the JAIIB.
In addition to other entry-level qualifications prescribed by the Indian Banks Association for recruitment in banks, the DBF exam is regarded as a desirable qualification by the association. IBPS will be more likely to consider you for recruitment if you hold this diploma. In addition, once you are hired in the bank, you will be able to convert your DBF to JAIIB. To do this, you will need to submit your bank appointment letter and DBF certificate to the IIBF headquarters. You will be asked to verify your credentials, and if the verification is successful, a JAIIB certificate will be issued. By completing the DBF before joining the bank, you gain one year of additional service and you are entitled to one advance increment when you join the bank, as well as eligibility to appear for the CAIIB exam while your colleagues are preparing for the JAIIB.
Taking the CAIIB exam is only possible after you have passed the JAIIB exam (or after you have converted DBF to JAIIB). As a result, clearing DBF puts you in a position for career advancement and advancement in knowledge within the banking sector.
When are JAIIB / CAIIB Exams Conducted?
The IIBF conducts the CAIIB and JAIIB Exams twice a year for members. This usually occurs between May and June and November and December on an annual basis. For details click here JAIIB & CAIIB 2021 Exam Schedule.
What are the Passing Criteria for JAIIB / CAIIB?
A minimum score of 50 out of 100 is required to pass the JAIIB/CAIIB. For a candidate to pass the exam in a single sitting, they will need at least 45 marks in each subject and a combined score of at least 50%.
The benefits of passing JAIIB/CAIIB
Once you get through these exams, it will open the door to excellent opportunities and further boost your career progression. JAIIB and CAIIB are two flagship learning programs from IIBF widely recognized in the banking industry and more so in public sector banks. All the public sector banks encourage these professional certifications and offer reimbursement of fees besides granting advance increments in salary. These courses help bankers to hone their knowledge and skills and improve prospects including promotions. Below are the benefits of clearing JAIIB and CAIIB for bankers.
Monetary Benefit
For clerks – one increment for JAIIB and two increments for CAIIB
For Officers – one increment for JAIIB and one increment for CAIIB
Non-Monetary Benefit
Knowledge: You will be able to gain a better understanding of banking, which will allow you to perform your duties more effectively and confidently.
Promotion: Having passed the JAIIB/CAIIB will give you an edge in the promotion and give you a good weighting in interviews.
Posting: JAIIB/CAIIB will provide you with technical knowledge, so you will be able to receive postings in departments such as Treasury, Foreign Exchange, Government, and the Business, etc.
Bankers will always benefit from passing JAIIB/CAIIB. Our assistance will help you pass these exams in one go. The IIBF exam pattern and syllabus are incorporated into our video library, PDF notes, and mock test. Throughout the year, we update the content to reflect the latest news from the world of banking and finance, RBI guidelines, and important announcements.
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- CAIIB Syllabus: Overview, Exam Pattern, Complete Syllabus
- CAIIB Exam Pattern: Overview, Syllabus, Marking Scheme, and more
- CAIIB Salary & Job Profile: Overview, Salary and Benefits, and more
- CAIIB Cutoff: Overview, Marking Scheme, Cutoff, and more
- CAIIB Eligibility: Overview, Application Form, Application Process
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