“How to get a job in a bank” is often one of the questions several college graduates face each academic year. More so, especially if they are in their final year and about to graduate soon. It is often a common misconception that you can get a job in any bank when you graduate from college.
If you are seriously mulling over “how to get a job in a bank,” one of the first things you need to do is to determine if you seriously need a career in banking. Mind that the rules and regulations often differ from one country to the other.
So if you had studied banking under Indian laws, the content would vary widely from the one used by US banks. The good news is that this template can be utilized to land a bank job, either in India or in a few other nations. Check it out!
Highly competitive:
Since bank jobs often come with cushy pay packages, health insurance, and a pension to boot – they are often in demand. According to the NSDC or the national skill development corporation, banks in India are tagged to add 1.6 million to their workforce for 2022
That means you will find the competition downright brutal and even cut-throat. Moreover, deciding what you prefer as a career option would be best. If you lack the requisite interest, chances are that you would be better off opting for a different career – other than banking.
Eligibility criteria:
Granted, the eligibility criteria are bound to differ from one bank to the other. But that being said, you need to take note of the same. Even though various banks, from nationalized to private banks, tend to differ where the eligibility criteria are concerned, the basic principles remain the same.
Essentially, all banks prefer graduates, and you must have graduated from a reputable college with final marks that range from 55% to 70%. It would help if you did not have any active legal cases pending against you in any of the lower or higher courts of law.
You must be at least 21 years of age or more, with age requirements differing between various banks. And all banks agree on one specific criterion – that you must be a citizen of India.
Prepare for the entrance exams:
When selecting banks to join, you may want first to try the public sector banks since they can provide you with the requisite experience. And you can apply for private banks and other nationalized banks later on.
Most public sector banks hold annual entrance exams, which test your abilities in quantitative, logical reasoning, English, and Banking procedures. The institute of banking personnel selection holds different entrance exams for various posts – from a PO or probationary officer to an IBPS clerk.
You need to prep hard for these exams, and once you clear the same, there would be physical, health checkups, and a final interview before the bank offers you a job.
Job portals:
You can also utilize the various online Jon portals, develop your resume and profile, and apply to various banking posts. Job portals essentially enable you to track various jobs as they are listed online. They enable you to apply on the spot and are crucial because they often bring employers and job applicants together.
You can use these portals to target specific banks for particular jobs. And of course, you must have the required eligibility and have graduated from a reputable college with high marks. And using these portals to get your profile listed is a good idea as other employers can check your profile and contact you directly.
Newspaper adverts:
And then, there are the older formats you may want to try. You can opt to check out newspaper adverts or adverts appearing in magazines. Most banks, from private to public sector banks, often post their requirements and inform the public regarding the same.
Of course, the success of this method depends solely on your application, attachments, and, importantly, your cover letter.
And this is how you go about getting a job in the bank. As mentioned earlier, the process can, at times, be convoluting and long-winded, with the process taking months to complete. But if you are keen to land a bank job, then this is what you need to do. Good luck!
