Why banking jobs attracts Indian youth?

The age of digitalization and internet has revolutionized the entire banking sector in India. The bank branches are now attracting many footfalls because banking has become a necessity for every citizen. The operations and activities of banking are not simply restricted to lending or depositing money but there has been substantial development in professional management as well as in modern managerial techniques and practices in the entire banking sector. Due to internet and mobile banking, the accessibility and range of banking services and operations serves a larger part of society, especially Indian youth, who are enjoying the advent of online shopping and monetary transactions through the mode of online banking. It has also flourished the banking sector and made it very popular in Indian job market.
Despite substantial rise in the vacancies for the banking jobs, there are various other important reasons which have made it a first choice for every Indian youth. In this article, we will discuss important points which had popularized banking sector among Indian youth.
  1. Handsome Salary Packages
According to recent survey reports, in India, the banking jobs provide higher salary packages than other sectors in the entry level jobs. For that reason, every year, there is always a mad rush of applicants for competitive exams like IBPS PO, IBPS Bank clerk, SBI PO, SBI Bank clerk exams etc. In public sector banks, the salary of Bank Probationary Officers is around 5 to 7 lakh per annum and it is slightly higher for SBI PO’s. The handsome salary packages are the most appealing feature which attracts a large section of Indian youth. 
  1. Encouraging Growth Opportunities in Career
In Indian banking sector, the promising candidates enjoys encouraging growth opportunities and swift progression in career. The deserving candidate who gets selected as a Bank PO in the first year in rural or urban areas might get a generous promotion by the fourth year. In many cases, the bright candidates have also been promoted to the post of General Manager in their 15th year of banking service. The extraordinary candidates who had good track record have also been promoted to the post of Bank Chairman in leading branches. In nutshell, the banking jobs delivers you awe-inspiring experience of financial and banking world which can be of great help in building healthy business relations or switching on to better career options.
  1. Job Security
In Indian banking sector, the most noteworthy feature of banking job is “Job Security”. In today’s cutthroat job market, where fortunes fluctuates every hour for big organizations and its employees, banking job ensures job security and also delivers a peace of mind of a secured future. Despite the feature of “safety of job” in this sector, there are few exceptional cases where employees are fired for some reasons otherwise banking jobs delivers job satisfaction.
  1. Offers Job opportunity to every Graduate from every stream
In India, if you are Graduate then you can apply for a banking job. The exclusivity of banking job is its availability to every graduate from any stream. From past year records, the applicants who have applied for banking jobs are from streams like Arts, Science, Finance, Marketing, Communications, Economics, Mathematics, Law, and Engineering, IT etc. The interested candidates have to clear the respective bank competitive exams which are based on previous learned concepts to enter banking sector. As a spirited professional, you are trained by the team of experts which provide you competent and proficient training which helps you in growing into a good banker. If you have good grasping power and is prepared to face new challenges then banking sector is the right destination for you. 
  1. No consequence of Recession or natural calamities on banking jobs
In weak economical phases of recession, war, natural calamities etc, the jobs in banking sector are secured and no employees is feared of being dropped or fired from his job. It is because banks are considered to be backbone of our economy. In India, the infrastructure of financial and economic matters is hugely dependant on the proper functioning of banks. Even, during the catastrophe of global recession, the Indian economy was least affected because our banking sector was self-dependant and was very stable and strong in every aspect.
To conclude, we can say banking is a promising career option which offers a vast variety of opportunities as well as the possibility of rapid career progression, good salary packages, perks and other benefits, and so banking sector becomes the most preferred choice of every Indian youth.
All the Best!!!



Location: Chandigarh, India

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