Make a golden career in Banking sector in 2020

India is one of the world’s fastest growing economies, with its banking and finance industries among the top sectors.

 The country’s banking sector is currently estimated at 81 trillion rs and you have golden career option.

In India, there are 27 Public Sector Banks (19 Nationalized Banks, 6 State Bank Companies, as well as IDBI Bank and Bhartiya Mahila Bank), 27 Private Sector Banks, and numerous other Foreign and Local Rural Banks.

 A bank is usually considered to be an entity that takes deposits and lends out loans.

But a bank does have a lot more to it than just the two functions described above.

Banks offer customers various services and facilities. 

They safeguard money and valuables, provide loans, credit and payment services, such as checking accounts, money orders, and cashier’s cheques, and also provide products for investment and insurance.

 Similarly, Banks job openings are not limited to cashiers or clerks.

We provide a wide variety of banking positions from Probationary Officers, and Professional Officers to Assistant General Managers, and whatnot.

 Below are some of the most sought-after posts and career profiles in banking industry that can make a golden career.


A Probationary Officer’s post at banks is one of banking sector’s most common profiles. 

A probationary officer is simply a trainee in administration, that is, a probation officer.

A PO’s initial status is that of a grade Scale-1 Junior Management Officer. 

Eligibility for promotion to Middle Management Grade Scale-1 includes satisfactory job of at least 4 years as an officer of JMGS-1 and that of 5 years as an MMGS-1 to be promoted as MMGS-2 according to government norms. 

Senior-management grade promotions Scale 1,2,3 and so on are also available after several years of service. An officer will hit bank chairmanship point.

Chanda Kochhar is a shining example of how far POs can go – she began at ICICI as a Management Trainee and is the MD & CEO there today.

  1. Eligibility Criteria

The minimum eligibility requirements for the exams for the role of a Probationary Officer in the public sector are graduation in either stream with an aggregate of at least 60%.

 The minimum age limit is 20 years, and is typically 30 years overall.

Age relief is available for SC / ST / OBC, as well as for disabled people and retired defense employees. 

Various private banks have their own standards which are not substantially different from those of public sector banks.

  1. Work

A PO may be assigned different duties before his / her probation period is finished, as they are qualified for all possible jobs such as marketing, acquisition, accounting, billing etc.

 From managing daily consumer transactions to participating in fields such as planning, wealth management, budgeting etc., a Probationary Officer’s initial years are all about multi-tasking.

  1. How to get there

Institute of Banking Staff Selection, popularly known as IBPS, conducts entrance level examination for PO post, for all 19 public sector banks and various Regional Rural Banks. 

The exam includes a mix of questions focused on Reasoning, Quantitative Aptitude, General Knowledge and English Language. 

Many private banks conduct their own tests, hiring graduates or MBAs as needed.

SBI conducts its own hiring test. SBI’s Affiliate Banks also perform their own recruitment review. You can make a golden career by doing any of this.

  1. Average Salary

A PO’s CTC (Cost to Company) including Basic Pay, DA and all other benefits for a bank in the public sector that come to Rs. 5.45 lakes and can even go up to Rs 8.2 lakes depending on the bank.


A post in clerical staff can be a good opportunity when you are looking for an early golden career.

Clerks are the ones that have regular contact with customers and thus are supposed to have strong communication skills and a healthy attitude.

Major clerical work profiles include: 

  1. Single Window Operator 
  2. Head Cashier
  3. Special Assistants 
  4. Telex Operators
  1. Eligibility Criteria

The minimum age limit to appear in such tests is 20 years and the average age is 28.

Upper age limit waiver is applicable to SC / ST / OBC / PWD / Ex-Servicemen.

  1. Work

The clerical staff is responsible for accepting deposits and transfers, checking cheques, sanctioning withdrawals, issuing demand drafts and all other such transactions.

  1. How to get there

IBPS conducts a Common Written Exam for all public sector banks’ clerical workers.

  1. Average Salary

Depending on the banks and the candidates credentials, an annual pay of an sum between Rs.7000-16000 can be required.

Candidates who work in a Metro like Mumbai can expect an in-house salary of around 17,500 a month.


RBI’s organizational hierarchy is divided into three levels, I, III and IV, and further into grades A-F, the lowest being A and the highest being F. RBI Service Board conducts entrance exams for all classes and categories.

General B Grade Officer is RBI entrance level post.

  1. Eligibility Criteria

In the case of Grade A / B examinations, candidates must be at least 21 years old and not more than 30 years old and must have a Bachelor degree with an aggregate of no less than 60 per cent.

  1. Work

The job of an RBI Grade B officer is very different from that of a Public Sector banks Probationary Officer.

 Central Bank officers have duties to look after the day-to-day market activities, framing monetary policies according to the prevalent need, and so on.

  1. How to get there

Every year RBI conducts exams of Grade B officers for the post. The test is performed in three steps.

Phase I is an analytical style test that consists of quantitative ability, logical ability, general English and general awareness questions. 

Those qualified in Phase I go to Phase II that is a written concise skill check in English, Finance & Management, Economic & Social Issues etc. The final stage is a round of Personal Interviews.

  1. Average Salary

Grade B officers may expect emoluments of 21000-1000-30000-EB-1000-32000-1100-36400 plus components such as DA, HRA etc which carry the annual package near Rs.10 lakh. 

They also get different incentives, discounts, and reimbursements which makes this job a golden career.


Investment Banking is becoming increasingly a common career choice among people for obvious reasons.

India is today a booming market, and one of investors’ favorites. 

Whether it’s small companies or multinationals, investors are able to spend and make a profit.

And so, an investment banking career paves the way for a promising future.

  1. Eligibility Criteria

Bank do not specify any clear qualifications for this but a degree in MBA or specialization in Finance or Chartered Accountancy is usually required and given preference.

Since the job includes the crunching of numbers and comprehensive knowledge of all aspects relevant to finance, risk and financial management and technical expertise, in the same way, will help one get into investment banking.

  1. Work

Investment Banking is about innovation as well as excellence.

The development of opportunities according to the needs of clients after complete business environment analysis and industry requirements, the design of tailored strategies for the same, strategic initiatives such as M&A, risk management or financial strategies are all part of an investment banker’s work.

  1. How to get there

Investment bankers are typically hired from institutions of education.

One can go for walk-in interviews too, if available. 

One can also turn to investment banking after getting a fair deal of experience in other banking fields.

  1. Average Salary

Investment bankers benefit differently, depending on the individual banks and the educational qualification of the employee. 

A few MBA graduates receive Rs 40 lakh per year. Investment banking the pay scale is quite proportional to one’s results.

Whatever work you take up at a bank, the key advantages are job security and pay protection.

When one is vigilant, vertical mobility is easy to attain.

 With India’s finance sector improving and markets booming, the number of jobs available at the numerous banks in India is only rising.

There is no time to enter into the industry like the present.

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