What Are The Career Opportunities In Banking Sector For Freshers?

Banking is one sector that has enormous opportunities and in this space, we will be telling you all about them.

Bank jobs are a hit among young and bright aspirants as it is one of the most sought after jobs and many students want to pursue a career in banking sector. Banking sector lures young talent with handsome money along with other benefits. The career growth in this sector is exceptional and  In this article, we will be discussing about What are the career prospects in the banking sector for freshers? Many students who are yet to make a choice related to their preparation, often finds themselves in this dilemma and here we will be solving all your queries related to this. Make sure you give it a good read to get a clear answer of your question.

How To Become A Banker?

You can become a banker in a public sector bank as well as Regional Rural Bank by taking the respective tests. Every year, IBPS releases notification to recruit candidates on various posts in different Public sector banks as well as Regional rural Banks. State Bank of India is the only bank which releases its recruitment notification separtely and also conduct its exam separtely. To sum up, there are Six ways to become a banker and they are IBPS PO & IBPS Clerk, IBPS RRB PO & IBPS RRB Clerk and SBI PO & SBI Clerk.

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Another point to be noticed here is that, there are several Public sector banks which at times, releases notificiation separately as well to recruit candidates as Probationary Officers under the PGDBF Course or Specialist Officers.

Increasing Competition

The competition is fierce as number of vacancies are decreasing every year and number of candidates taking the test are increasing. We are giving you some facts and figures to give you a more clear idea about it.

Bank Job Vacancy

Given below is the complete list of the bank vacancies of the banks which are currently ongoing. This list will be timely updated as the notification of the banks will release.

Bank Current Vacancy Previous Year Vacancy
SBI Clerk 8000+ 8000+
RBI Assistant 926 623
SBI SO 477 106
SBI PO Will be Notified 2000
IBPS PO 1417 4336
IBPS Clerk 2557 12000+
IBPS RRB PO  3800 3352
IBPS RRB Clerk 4682 8401
IBPS SO Will be notified 1163+

As, it can be clearly seen from the above table that the number of vacancies have tremendously decreased for IBPS PO and IBPS Clerk but that doesn’t mean that there is no opportunity. Candidates can either opt for a Regional Rural bank job where the vacancies are relatively higer and make a career there.

Career Growth In Banking Sector

Given below is the complete Career Growth of a candidate either selected as Probationary Officer or Clerk:

Career Growth of PO

Probationary officer is a job that can give you some great career growth opprtunity. Given below is the hierarchial table of the career growth of a probationary officer

Bank PO

Assistant Manager

Branch Manager

Chief Manager

AGM

DGM

CGM

GM

Career Growth Of Clerk

Bank Clerk  is a job that can act as a stepping stone of your dream to work in banking sector and offers some great career growth opprtunity. Given below is the hierarchial table of the career growth of a Bank Clerk

Clerk

Officer

Senior Officer

Assistant Manager

Manager

Senior Manager

Chief Manager

AGM

DGM

GM

ED

CMD

As you can see both the posts give a great kick start to your career. The choice is your which way you want to go for.

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