As the banking industry in India continues to develop at a rapid pace due to financial inclusion, digital growth, and government reforms, a career in the banking field is now considered as one of the most preferable choices of both graduates and professionals. However, the first question which poses by most aspirants is: what qualification required for bank job in India?
This blog will assist you in knowing precisely what educational and professional qualification to possess in case you intend to work in a government bank (such as SBI or IBPS), a privately-owned bank (such as HDFC or ICICI), or a niche job in the area of fintech and NBFCs. We will divide it down to a simple practical manner.
Educational Requirement -The First Step
In matters relating to what qualification required for bank job, the education one has is the minimum requirement. In the majority of cases of entry-level positions a Bachelor of degree (any stream) of a reputable university is required. You could have studied commerce, art, science, and you can get banking jobs provided that you have a degree, and your records are clean.
With that said, the candidates with a background in commerce, finance, economics, or business administration are usually favored when it comes to the positions of Probationary Officer (PO), Relationship Manager, or Credit Analyst. In the case of clerical positions or customer care positions, any undergraduate degree will normally be sufficient.
It is not compulsory but a postgraduate degree (such as MBA in Finance or Economics) can provide an advantage in senior management or specialized employees in the corporate and investment banking.
Competitive Exams and Certifications
Competitive exams are one of the major ways to enter Indian banks. In the case of government employment, these are;
- IBPS PO, IBPS Clerk
- SBI PO, SBI Clerk
- RBI Grade B and Assistant
- NABARD & SEBI Officer Roles
Such exams are reasoning, quantitative aptitude, English and general awareness. They do not need degrees that are banking-related, however, good analysis skills and time management are essential.
In the case of private banks, though, the process of hiring is more open. Most banks do their hiring via campus drives or through third party training institutes. These scenarios have to do with how you perform in the interview, your communication abilities as well as your readiness to go through short-term certification programs.
In case you want to increase your profile, certifications provided by such organizations as NISM, IIBF, or NSE Academy would give you a considerable opportunity. Such short term programs will provide you with applicable training in banking and most recruiters will be happy to accept this.
Skills and Soft Qualities That Matter
Although academic credentials are mandatory, the majority of recruiters pay attention to soft skills and expertise in the domain. You need to realize what qualification required for bank job will go beyond your degree to include personality traits such as:
- Communication skills: Customer facing roles.
- Numbers: To process loans or to analyze finances.
- Simple computer skills: In digital banking solutions.
- Selling and negotiating: Sales and negotiation skills: Particularly in the private sector.
The other things that banks seek in an employee are professionalism, patience, and stress management.
Most graduates fail in the interviews, not due to poor qualifications, but rather to the fact that they were not aware of the industry and their interpersonal skills were poor. This is where training academies that are banking specific come in.
Job-Oriented Banking Courses – A Game Changer
In assessing what qualification required for bank job, more employers are now seeking job-ready candidates with work-life experience. That is why placement-oriented banking course is a popular path.
The programs are usually inclusive of:
- Banking services and products.
- KYC compliance and credit processing.
- Training of core banking software.
- Branch operations and the customer handling.
- Hypocrisy and soft skills training.
The given certifications are also most applicable to candidates who do not wish to wait until they pass government exams or candidates who are aimed at being placed in the private sector.
Global BIFS Academy- The Intersection of Education and Employment.
This is not the only step of understanding what qualification required for bank job. Many aspirants fail at getting trained to do what they would actually be doing in the bank.
Global BIFS Academy comes in. The academy, which has gained a reputation in conducting training modules within the industry, has specialized course in banking to fresh graduate, final year students and even working professionals who wish to move to banking.
Starting with the resume construction to the process of simulating interviews with banks such as HDFC, ICICI and Axis Bank Global BIFS Academy assists you to fill the gap between what you have and what is desired by recruiters. Their intensive courses are short term and tailored by former bankers and HR personnel which make them highly relevant and practical.
Conclusion
In summary, the question of what qualification required for bank job in India is not only easy to answer but also multiple. Although a bachelor's degree is your base, you can stand a great chance of passing a competitive exam, or enrolling in a banking course which can be advantageous. Combine that excellent communication skills, digital skills and simple financial literacy- and you are off to a bright career in banking.
In case you seek a guided approach to developing a career in the banking industry under the structured approach, then Global BIFS Academy has one of the best reliable platforms in terms of providing practical training and job placements. Their career oriented banking courses are designed specifically to suit applicants such as you, who desire to be employed sooner and become smarter in the current competitive financial world.
