How To Become A Banker
Banks drive a Nation’s economy and they are indispensible in modern life. Many youth aspire for a career in Banking Sector due to social status, salary, and challenging work environment. If you are an interested aspirant who wants to know the answer for how to become a banker, and want to start your career as a banker then read through this web page.
Becoming a banker, and succeeding in day to day tasks is a challenging proposition. Candidates should have commitment and zeal to achieve time bound targets. In addition, The banker has to interact with customers and colleagues routinely. Other tasks include staff motivation, official meetings, data analysis, and report generation. The banking professionals also have to stay up-to-date with all the latest RBI policies, rules, and regulations, as well as market demands and fluctuations.
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The banker is designated as a manager or assistant manager. He or she is posted in far flung branches to handle daily processes with heavy work load. Specialized corporate and commercial banks may, however, post the banker to regional or head offices in various States to handle distinct operations on a large or small scale.
Pre-Competitive Era Bankers:
In early days of banking, Aspirants with specialised interests pursued a career in the banking sector without much ado. Today, The same banking career has heavy competition and lakhs of candidates compete with others in the entrance exams. IBPS and specialized bank exams have to be cleared with cut off marks for merit listing. The candidates also have to perform in the interview for final selection.
In the private sector banks, Candidates from sales and marketing backgrounds can secure a job using good communication skills. The new recruits have to promote banking services and add new customers to the bank. After a couple of years, The experienced candidate can aspire for regular bank employment to handle operations.
A high school diploma or a GED equivalent qualification is a minimum essential. The aspirants with recognised graduate degrees can secure a job using English and Math proficiency. A 4 year bachelor degree in business, finance, management, or accounting can have a good impact and attract the attention of the recruiters.
A rewarding career as a specialist or investment banker, however, requires a specialized MBA degree in finance or business management. Aspirants should first complete their undergraduate degree, secure a stable employment, and then pursue PG on a part time basis for achieving meaningful progress in their banking career .
Working Hours and Banker Skills:
Bankers normally work fixed hours from 9 AM to 5 PM at the allotted branch or division. Selected candidates are also provided flexible options to work part time.
Banker posts have high profile and the candidate has to dress elegantly in a formal attire. Professional conduct along with the following skill sets and interests makes you a good Banker:
- High calibre interpersonal skills
- Outstanding leadership abilities
- Brilliant oral and written communication skills
- Effective analytical skills
- Creativity, lateral thinking, and learning capacity
- Willingness to relocate, reposition, and undergo further training.
Banking Job Profile:
Bankers perform the following routine and specialised tasks on a daily basis:
- Open and close customer’s’ saving and current accounts.
- Process the daily cash deposits and withdrawals.
- Provide friendly and prompt customer service.
- Scrutinize, sanction, or reject the loan application requests.
- Interact with colleagues, junior and senior staff.
- Handle computer systems effectively.
- Transfer or refer banking operations to other departments.
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Opportunities for a Banker:
Fresher or experienced candidates can become trainees and interns to perform the routine services. To climb the management ladder, The candidate has to opt for a ‘fast track’ route and undergo official training and assessments. Enthusiastic aspirants can opt for a very busy branch and offer specialized personal loan services. On the other hand, Corporate and specialised investment bankers carry out responsible and ‘high risk’ operations and receive performance based incentives.
Check here – Bank Interview Questions and Answers
Salary of a Banker:
A sales executive can take home a monthly salary of up to Rs 14, 000, while the personal bankers and managerial cadre can earn between 3 to 7 lakhs per year. Investment bankers with up to 10 years of banking experience can earn between 9 to 14 lakhs per annum in salary.