Employment Opportunities in Banking Sector : A well Paid, Secure and Status Career

Uncertainty about the prospects for the global economy in the coming year or two persists. Asia has been the global engine of growth over the past few years, The US and India accounted for 12 and 11 per cent, respectively. But now Inidia is under pressure of recession in US, and this is resulting a cooling job market along with high energy and food prices are taking a toll on paychecks. this result indicates that layoff threats, quick turnover, less welfare schemes, and less scope for vertical growth increase job dissatisfaction in many sectors mainly sectors related to Export

On the other hand, INDIAN BANKING stands at the threshold of a mega change in the next five years with secure job environment, welfare policies, and job stability increase the degree of job satisfaction. Banking was a sector that reached out to almost all sections of the society. The financial services sector would provide huge employment opportunities in the future. Indian banks should be able to get to the top 10 list of global banks by 2020 or 2030.With the current growth rate, it would bring in huge opportunities for Indians.

A study has projected that there will be an increase of 16 % between 2005 to 2012 in the employment in the banking sector. There will be a boom in the banking sector with the increase in the technology and population all over the world. It has been predicted that the opportunities both on the national and global front, are going to increase specially for banking tellers and other administrative support jobs.

Banking sector in India, currently witnessing a furious growth rate and this has been attributed to many reasons such as growing economy and with that whopping increase in the urban middle class with fat salary packages.

Though it may appear that these jobs are meant for commerce/economics students but the fact is that majority of bank officers are from different streams of education. Most Public and private sector officers can begin in the Rs 6000-8000 per month scale. MBAs recruited by private and foreign banks are given plum packages to the extent of about Rs 25000-30000 a month.

Public sector Banks recruit mainly graduates at the entry level on the basis of All India Level examination. However professionals like engineers, doctors, technologists, lawyers, ex-defence officers etc are recruited on senior positions through All India tests.

Therefore joining a Public sector Bank as Probationary Officer (Direct Officer) or as a clerkial cader on the basis All India exam has become a stepping stone for the career growth in the Banking Industry.

As i daily surf many job sites and many banks sites there are following vacancies/Opportunities in many banks give you a way to entry into a well paid, secure and status career.