Banking sector is considered as the backbone of any country’s economy. Banking sector is one of the fastest growing sectors in India. This growth has brought many opportunities. Due to which there are many job opportunity available for job seekers in this sector. According to industry experts, hiring in banking sector is expected to go up to 25 per cent this year compared to 2014. The banking sector is likely to create up to 20 lakh new jobs in the next 10 years. Many of public sector banks would need to hire fresh talent in the wake of nearly half of their workforce scheduled to retire in the next few years. Students looking for career opportunity in banking and finance can expect a bright future with good growth. This sector would be the among top job creators in next 5 years.
This sector also considered as one the dependable sector in India. Indian Banking system is very strong. In the global financial crisis that happened in 2008, India was least affected country because of soundness of our country’s Banking system. In fact many countries of the world were trying to learn lessons from our disciplined Banking system. So, there is an element of job security too.
Manpower requirements in banks:
There are 22 state-owned banks in India including SBI, IDBI Bank and Bharatiya Mahila Bank. Besides, there are five associate banks of SBI.
To take up the growing business the Banks are on a recruiting spree. As per data released in August 2015 by Government of India, around 80,000 vacancies are expected to open at top public sector banks in the country, including State Bank of India. As many as 78,800 employees will retire during the current fiscal and next fiscal.
Need of Coaching Institutes:
Banking examination has been a regular affair now for the last few years. Lakhs of aspiring candidates are signing up for banking written examination every year. There is tough competition to crack these examinations so aspirants are advised to join coaching institutes.
Bodies like IBPS, SBI and RBI conducting online written examination every year through prelims and mains examination for the selection of candidates for various banking profiles. These posts are filled with candidates scoring the cut off marks and performing well in the personal interview round. The candidates need to be fully prepared for the examinations and thus they can take the help of coaching institutes that are there present in abundance.
Benefits of Coaching Institutes:
It is very helpful to get training from any coaching institute for any banking clerical or PO examination as the right coaching institute could guide the candidates through rightly to the destination. Coaching centres provides online mock drills which makes candidates more efficient in solving questions. It prepares the candidates by taking regular tests and advising them on using methods and short tricks to solve problems. Good and reputed coaching institutes provide success capsules in the form of tricks and tips of solving tricky questions in limited time frame. It becomes easier to spot the question of importance if a candidate undergoes formal training.
Aspirants would also get study group in coaching institute which also beneficial for students. A study group of 3 to 4 people helps candidates to learn new method and short tricks. The group studies create healthy competition among students and keep them motivated.
Role of coaching institutes:
Being talented is one thing and performing through reckoning your brain in a competitive examination in a limited time is completely another. Hence, sometimes it requires polishing your skills thorough a platform which is devoted to the field of teaching competitive examinees for years. It really helps candidates to learn the tricks, shortcuts, methods and time management skills.
Be careful while selecting the coaching institute:
There are many worthwhile coaching institutes around the country where thousands of candidates prepare themselves for the banking examinations. Aspirants should be careful while selecting coaching institutes. The coaching institutes providing the preparation for these examinations must have experienced faculty members and proper infrastructure to accommodate students and give adequate attention to them. It is also required that these institutes have an idea about the form and structure of the examination pattern and guide the candidates accordingly.
Students are also advised to check size of the batch. If there are so many students in a class, then individual will not get proper attention so one may not get time to clear their doubts resolved.
Location is the important aspect to choose the coaching institute. Always prefer a location that is nearer to your home. Travelling for hours to reach the class will not be very useful if you are not getting time to put your own effort.
Every coaching institute provides basic study material. Aspirants should go through the material, it will helpful to judge institute’s worthiness. Aspirants should also analyze the quality of test series providing by institute before joining.