Banking sector has flourished in the last ten years beyond recognition. It has provided countless opportunities to the youth of the nation through recruiting manpower in various posts around the country. Every bank in the nation is expanding its territory and the financial stability of the banking sector has allowed it to do so for the last decade. Though the overall market scenario of the job opportunities is quite shaky and a growth rate is dwindling somewhere in the positive-negative sphere, the banking industry seemed to have no effect on it. It has managed the equity and shares of the industry well amidst the floating market situation. Hence, it has proved itself to be a more secure sector and has attracted many aspiring candidates to join the banking industry. The job security, provision for future growth, good salary structure, suitable work environment and a growing market for the industry, has lured many candidates to join the industry in the last ten years or so.
Career Prospects in banks: The prospects after joining the banking sector as Probationary Officer is quite bright. The candidates can even rise up to the level of manager after working for a considerable while as a probationary officer. After completing 2 years of the probation period, the probationary officers are allowed to appear for the promotional examinations under the concerned banks and they can take up the managerial post after qualify the exam. Candidates need to pass the bank PO examination which is taken up by the concerned authority every year. Thousands of aspiring candidates want to get through with the limited opportunities every year, but very few could manage to ultimately get the positions. Hence, it is necessary for the candidates to prepare themselves for the examination well and ensure that they do not have to wait for next year to get the chance once again.
Good growth opportunities: Many candidates after completing their higher studies are also joining the banking industry as an option for their future career. It has made the competition quite severe and thus the candidates need to be prepared for the same. The Probationary Officers of the banks are responsible for the day to day official activities in the bank. They need to be accustomed well with the banking terms and analogies, have a proper idea about the loan facilities and interest rates, internal bank schemes and other banking terminologies while working as probationary officers in the banks. Their work can even be tiring at times, but could led the candidates to a brighter future opportunity in the long run.