{"id":28022,"date":"2019-01-16T13:10:30","date_gmt":"2019-01-16T07:40:30","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=28022"},"modified":"2019-11-14T10:39:21","modified_gmt":"2019-11-14T05:09:21","slug":"future-of-banking-jobs","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/future-of-banking-jobs\/","title":{"rendered":"What will be the Future of Banking Jobs?"},"content":{"rendered":"<p><span style=\"color: #000000;\">Banking has emerged as one of the most rapidly growing industries in the country. <\/span><\/p>\n<p><span style=\"color: #000000;\">The rapid growth and advancements in the banking sector have paved the way for a wide range of career opportunities in banks. <\/span><\/p>\n<p><span style=\"color: #000000;\">Lakhs of people are employed in<\/span> <a href=\"https:\/\/www.oliveboard.in\/blog\/different-bank-positions\/\" target=\"_blank\" rel=\"noopener\"><u>Government jobs in banks<\/u><\/a> <span style=\"color: #000000;\">at present. <\/span><\/p>\n<p><span style=\"color: #000000;\">Every year, hundreds of them retire from their jobs; some will be retiring in the next few years. <\/span><\/p>\n<p><span style=\"color: #000000;\">The banks recruit young, eligible candidates to make up for this shortfall. <\/span><\/p>\n<p><span style=\"color: #000000;\">Candidates who fulfill the eligibility criteria as stated by the banking personnel are recruited through an entrance exam.<\/span><\/p>\n<h2><span style=\"color: #000000;\"><strong>Future Prospects and Scope in the Banking Sector<\/strong><\/span><\/h2>\n<p><span style=\"color: #000000;\">The nature of the Indian economy over the last few years has been dicey. <\/span><\/p>\n<p><span style=\"color: #000000;\">Big brand names and the corporate sector have seen more downs than ups. <\/span><\/p>\n<p><span style=\"color: #000000;\">Due to changes in the economy, reputed firms are forced to shut down or sack thousands of employees. <\/span><\/p>\n<p><span style=\"color: #000000;\">There is no job security. This is a major reason why people in large numbers today choose to go for bank jobs instead.<\/span><\/p>\n<p><span style=\"color: #000000;\">The banking sector mainly recruits for three posts- Clerical cadre, Management and Trainee (MT), and<\/span> <a href=\"https:\/\/www.oliveboard.in\/sbi-po\/?ref=seoblog\" target=\"_blank\" rel=\"noopener\">Probationary Officer (PO)<\/a>.<\/p>\n<p><span style=\"color: #000000;\">Other opportunities in this career path are Financial Service Representatives, Bank tellers, Bill and Account Collectors, Loan Officers, Financial Managers, Bookkeeping, and Audit Clerks.<\/span><\/p>\n<p><span style=\"color: #000000;\">Many people believe that bank jobs are only for students who have a Commerce or Economics background. <\/span><\/p>\n<p><span style=\"color: #000000;\">However, this is not true. Students with an Arts or Science background can also become bank officers.<\/span><\/p>\n<p><span style=\"color: #000000;\">The job of a banker demands great command over numbers and the right approach towards customer service. <\/span><\/p>\n<p><span style=\"color: #000000;\">You will be working on loans, credits, deposits and investment; you will be handling money matters, and deal with customers on a regular basis. <\/span><\/p>\n<p><span style=\"color: #000000;\">If you are good in these two aspects, banking should be a right career choice for you. Additionally, you must possess the following traits-<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Good analytical skills<\/span><\/li>\n<li><span style=\"color: #000000;\">Good communication skills<\/span><\/li>\n<li><span style=\"color: #000000;\">Ability to function in a high-pressure situation<\/span><\/li>\n<li><span style=\"color: #000000;\">Interpersonal skills<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.oliveboard.in\/bank-exams\/?ref=seoblog\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-27657 size-full\" src=\"https:\/\/static.oliveboard.in\/wp-content\/uploads\/2018\/10\/b-and-g-exams.png\" alt=\"b-and-g-exams\" width=\"970\" height=\"250\" srcset=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2018\/10\/b-and-g-exams.png 970w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2018\/10\/b-and-g-exams-150x39.png 150w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2018\/10\/b-and-g-exams-300x77.png 300w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2018\/10\/b-and-g-exams-768x198.png 768w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><\/a><\/p>\n<h2><span style=\"color: #000000;\"><strong>Career growth and Promotion<\/strong><\/span><\/h2>\n<p><span style=\"color: #000000;\">There are plenty of opportunities to thrive in the banking industry. <\/span><\/p>\n<p><span style=\"color: #000000;\">Both public and private sector banks look for two qualities in the employees- potential and performance. <\/span><\/p>\n<p><span style=\"color: #000000;\">If you are dedicated towards your work and perform the assigned tasks and duties flawlessly, then you may be able to move up ladder sooner.<\/span><\/p>\n<p><span style=\"color: #000000;\">By all fair means, internal exams are conducted by the banks to promote promising employees to a better position. <\/span><\/p>\n<p><span style=\"color: #000000;\">Moreover, the annual appraisal that takes place from time to time is transparent so you can be sure that only deserving and zealous employees will be rightly rewarded. <\/span><\/p>\n<p><span style=\"color: #000000;\">The salary structure for<\/span> <a href=\"https:\/\/www.oliveboard.in\/blog\/upcoming-government-exams-2019\/\" target=\"_blank\" rel=\"noopener\"><u>Government jobs in banks<\/u><\/a><span style=\"color: #000000;\"> is good, and with promotion, the salary is hiked. Besides, several lucrative benefits and allowances are offered to the employees.<\/span><\/p>\n<p><span style=\"color: #000000;\">Many of the private banks have branches overseas. <\/span><\/p>\n<p><span style=\"color: #000000;\">Thus, you also get the opportunity to travel across the world after the promotion.<\/span><\/p>\n<p><span style=\"color: #000000;\">The various positions in a bank are stated below in a hierarchical order.<\/span><\/p>\n<ol>\n<li><span style=\"color: #000000;\"><strong>Top Management<\/strong><\/span><\/li>\n<\/ol>\n<ul>\n<li><span style=\"color: #000000;\">President<\/span><\/li>\n<li><span style=\"color: #000000;\">Chief Executive Officer<\/span><\/li>\n<li><span style=\"color: #000000;\">Chief Financial Officer<\/span><\/li>\n<li><span style=\"color: #000000;\">General Manager<\/span><\/li>\n<li><span style=\"color: #000000;\">Deputy General Manager<\/span><\/li>\n<\/ul>\n<ol start=\"2\">\n<li><span style=\"color: #000000;\"><strong>Senior Management<\/strong><\/span><\/li>\n<\/ol>\n<ul>\n<li><span style=\"color: #000000;\">Assistant General Manager<\/span><\/li>\n<li><span style=\"color: #000000;\">Chief Manager<\/span><\/li>\n<\/ul>\n<ol start=\"3\">\n<li><span style=\"color: #000000;\"><strong>Middle Management<\/strong><\/span><\/li>\n<\/ol>\n<ul>\n<li><span style=\"color: #000000;\">Senior Manager<\/span><\/li>\n<li><span style=\"color: #000000;\">Manager<\/span><\/li>\n<\/ul>\n<ol start=\"4\">\n<li><span style=\"color: #000000;\"><strong>Junior Management<\/strong><\/span><\/li>\n<\/ol>\n<ul>\n<li><span style=\"color: #000000;\">Probationary Officer<\/span><\/li>\n<li><span style=\"color: #000000;\">Clerk<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Typically, an individual joining as a Probationary Officer can hope to become a bank General Manager in more or less 14 years. Further, you may progress to becoming the Chairman or the Chief Executive Officer of a bank.<\/span><\/p>\n<p><a href=\"https:\/\/www.oliveboard.in\/blog\/highest-paid-government-jobs-india\/\" target=\"_blank\" rel=\"noopener\"><u>Today Government jobs<\/u><\/a> <span style=\"color: #000000;\">are one of the most sought-after, white-collar professions that most people aspire to work in. With the right attitude and preparation, you can attain the peak of your career in just a few years.<\/span><\/p>\n<p><a href=\"https:\/\/www.oliveboard.in\/bank-exams\/?ref=seoblog\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-27657 size-full\" src=\"https:\/\/static.oliveboard.in\/wp-content\/uploads\/2018\/10\/b-and-g-exams.png\" alt=\"b-and-g-exams\" width=\"970\" height=\"250\" srcset=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2018\/10\/b-and-g-exams.png 970w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2018\/10\/b-and-g-exams-150x39.png 150w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2018\/10\/b-and-g-exams-300x77.png 300w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2018\/10\/b-and-g-exams-768x198.png 768w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banking has emerged as one of the most rapidly growing industries in the country. The rapid growth and advancements in<\/p>\n","protected":false},"author":1,"featured_media":28034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What will be the Future of Banking Jobs? - Scope, Career growth - Oliveboard<\/title>\n<meta name=\"description\" content=\"Banking has emerged as one of the most rapidly growing industries in the country. 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