Thursday, September 11, 2008

Opportunities with Punjab National Bank officer carde

September 5, 2008 · Filed Under Banking Careers · Comment

Recently Punjab National Bank decided to recruit officers in various domains.
Punjab National Bank invites on-line applications from indian citizens for the following posts Last date: 06.09.2008
Hurry ! to get your dream job in dream bank for more details follow the link below.
click here for more details:
Continue Reading...

Career Opportunities in Banking

Career Opportunities in Banking

Banking is one of the most sought after career choice among the students. It is an entry into a well paid, secure and status career. 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. Further, it is also not a fact that top positions in Foreign/Multinational Banks are held by MBA’s from Premier Management Institutes. Though the Public sector Banks are now appointing management graduates, CAs and CFAs but bright graduates from any subject can get entry in the Public sector Banks through an All India Examination conducted by them.

The emergence of technology-driven new private banks have broadened the scope and range of banking service and entry of Financial Institutions are into the short-term lending business, is resulting in needs for more professionals. Now banks are in the mutual funds , securitisation business credit cards, consumer loans, housing loans, housing loans besides trading in gold and forex activities.

Generally banks look for good communication skills, good interpersonal skills, the ability to deal with customers, an alert nature, and basic knowledge of the industry. However to join foreign or private sector banks at higher than entry level one needs specialisation in some specific areas. For example expertise in project analysis, credit appraisal skills, managing huge loan portfolios general and foreign exchange and money .Good computer knowledge is always preferred.

There are front office personnel in all banks, and then there are supervisors who handle most back office operations like completion of transactions, general ledger work, overall supervision.Banks are now offering good salary packages. Most Public 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.
There are following type of Commercial Banks:

Public sector Banks

Private sector Banks

Foreign/Multinational Banks

Nationalisation of the major commercial banks in India in 1969/1980 brought almost the entire banking system within the public sector. State Bank of India being the top commercial bank of the country.

The Private sector with the entry of new banks mostly promoted by the major Financial Institutions like IDBI, ICICI etc has provided competition to both Public sector and Foreign Banks. They are more technology savvy and offer better salaries than Public sector Banks. Unlike public sector banks, the promotional avenues are not time-bound.

Foreign Banks are the most sought after due to their salary packages comparable to the best in the country and better job profiles. However, in addition to personal performance, the job security in these banks is also dependent on various external factors, like the economy of the parent country, performance of the bank worldwide, change in expatriate management etc.

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.

Private sector/Foreign Banks prefer to take MBA’s, CA’s etc at junior positions through Campus recruitment and interviews. However, at the senior positions they opt for experienced bankers. Thus the officers from Public sector Banks become the natural choice for such positions. Thus job-hopping has become an well-accepted norm in the Industry.

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

Continue Reading...
 

Hots Jobs At Our Partner Sites

View

Banking Careers was launched in view to help all the person who are seeking Public sector jobs,As other sites like naukri or monster dont give information about all location jobs and recently published public sector jobs.

banking careers Copyright © 2009 Your Search Ends Here mastiplaza.com for Premium Template