Banking

Excellent remuneration, secured jobs, and the prestige attached to the profession are some of the benefits that an individual enjoys on getting into a banking sector. It is also one of the most desirable professions for those who are keen to make a career in finance or commerce. Though it seems that banking profession is restricted to commerce and economic students but even arts and science graduates can explore their job prospects in banking sector. Professionals in the banking sector are responsible for carrying out and coordinating financial activities of workers in a department. Though any graduates can enter this sector but with specialized degrees it is possible to secure much better and high-paying positions.

A Banking professional keeps a constant eye on operational costs, and assesses the financial strengths and weaknesses of a company’s interests. Also they advise top executives in an organization on broad decisions. As Bankers are well-versed in legal requirements and current market trends, they give insight into expansion of an organization and acquire new assets. Reducing loss and damages is their major focus. Bank Managers review a lot of data and prepare reports to propose new strategies to leaders. Also they are responsible to hire and supervise employees, analyze financial records to improve budgeting or planning, approve expenditures, direct financial operations, establish interpersonal business relationships to facilitate work activities, monitor flow of cash or other resources and prepare reports related to compliance matters. They also prepare financial documents, reports, or budgets, maintain regulatory or compliance documentation, analyze forecasting data to improve business decisions, communicate organizational information to customers or other stakeholders. Also they are responsible for recommending organizational process or policy changes, negotiating sales or lease agreements for products or services and coordinate operational activities with external stakeholders.

Route to Banking Profession

Significant Statistics

• Any graduate is eligible to take the Bank PO exam but for other courses 10+2 with math in commerce is a must.
• Even though math is not needed for Bank PO Exam but being good with numbers makes an individual successful in banking sector. 
   

Pros

• Secure career option
• Monetarily highly rewarding career with excellent benefits

Cons

• Lot of alertness and accuracy is required 
• High work pressure sometimes
• Tedious job with no creativity involved