Banking sector has lured many aspiring candidates who have just finished their academic life and are searching for job options in our country. The stable job market of the banking industry amidst the scarcity of jobs in other important sectors has resulted in huge rush to join bank as a secure job option among the aspiring candidates.
Growing Market for Banks
With growth rate splurging high, our nation is one of the most powerfully growing nation in the world map in the recent years. This economic development has resulted into investment in the nation through various channels. It has opened up the market of multinational banks and enhanced more and more public and private sector banks to flourish. Banks are offering home loans, consumer loans, car loans, private loans, mutual funds, insurance, forex activities and offering online shopping options to the customers. The growth of Indian banking is phenomenal in the last few years and thus there are huge chunks of recruitment that are coming up for the new and existing branches of these banks nationwide.
Jobs on offer in Banking Sector
The jobs offered by the banks are quite secure and are providing the adequate growth to the deserving candidates, making more and more people to join the industry. The demand for banking jobs has thus risen manifold and lakhs of aspiring candidates are taking part in banking qualification written examinations held by IBPS and other recruitment agencies every year. Recruitments are made for clerical cadre and Probationary Officer posts for the nationalized banks on a regular interval. Though there often are posts for recruitments in Specialist Officers, IT Officers, Legal Officers, Security, Finance and Management for various banks.
Preparing for the Banking Examinations
Interested candidates who want to join the industry and secure their future need to work really hard in order to get through to the recruitment process. There are mainly three phases that the candidates need to go through during the recruitment process. They have to undergo prelims and mains written examination in which they need to face questions from Reasoning, Quantitative Aptitude, General Awareness, English Language and Computer Knowledge. These papers need adequate practice and preparation to get cracked as there are quite a lot of questions that needs to get solved in a limited time in the examination. Hence, the candidates must be aware of the competition and make themselves prepare for the challenge.