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Bankers are qualified and skilled professionals who are in charge of interacting with their clients daily by providing them with various services such as creating checking and savings accounts, authorizing loans, and moving money. They also guide customers on banking products and services.
In order to bcome a Banker one can pursue various Undergraduate and Postgraduate Banking Courses, Finance Courses or Management Courses. Students can also apply to various positions like Clerk, Probationary Officer (PO)/Management Trainee (MT), Specialist Officers (SO), Executives, Counsellors, Managers, etc. To get hired, students need to clear the selection process exam of various banks. Many bank exams are conducted by various banks and independent authorities every year such as SBI, IBPS, and RBI.
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Some banks also hire candidates for the post of PO after the successful completion of the Post Graduate Diploma in Banking & Finance (PGDBF) course. Some of the famous exams based on this criterion are BOB PO, Canara Bank PO, Indian Bank PO, etc. Aspiring students can also pursue MBA and other relevant courses in order to establish a career as a banker.
Table of Contents
2.1 Job Roles and Responsibilities of a Banker
3.1 Top Recruiters
4.2 Experience Wise
What is a Banker’s Job?
Here are some details of a banker’s job description. In this topic, we will see all the basic responsibilities, skills, knowledge, and experience required to become a personal banker.
- Bankers help customers in the opening, managing, and handling of their bank accounts and other services.
- Bankers convince potential customers to increase the number of services and products offered
- Bankers provide guidance services for clients about available financial services
- Bankers guide clients in the areas of specialized needs
- Bankers resolve issues related to customer accounts
- Bankers perform other administrative activities (such as data entry into in-house software)
Bankers help customers manage their money to maintain risk and return. These banker professionals must have enough knowledge of the banking industry and about the different investments and savings services offered.
The academic and licensing requirements for a personal banker may vary concerning the services provided. These banker jobs are affected by the responsibilities structured by companies like Wells Fargo, JP Morgan Chase, Bank of North Carolina, and UMB Financial Corporation.
What Does a Banker Do?
Bankers can help their customers in various ways like:
- Opening and closing various accounts, such as checking and savings accounts: Opening, checking and savings accounts together can make your banking work convenient. Creating both accounts in one place. Processing credit cards, store cards, music subscriptions, online shopping, and more. Customers have plenty of accounts with their passwords and usernames and hence keeping track of customers’ savings balance.
- Providing solid advice to customers regarding financial services: as a banker, you will provide a financial service if: ‘provide financial product advice; or ‘deal in a financial product’. Managing a person to engage in certain conduct, such as applying for or acquiring a financial product, will also consist of dealing with amounts to provide financial product advice to customers.
- Promoting and selling products and services, including loans and investments: It is about promoting and selling products and services to customers, to give guidance on services and products. Also provides the knowledge, understanding, and skills required to promote and sell products and services to clients.
- Providing customer service, including welcoming new clients and addressing customer complaints: Customer complaints are the gaps between what a business promises in terms of the product or services and what customers get.
- Raising capital to make it possible for the bank to issue loans: Like other firms, banks are also required to make capital. Banks make capital through various financial investments it makes available for different kinds of customers. Whenever one person needs a loan or wants to deposit money, the first option is to go to a bank.
Sending money from one place to another becomes easier through bank accounts. A more traditional way of raising business capital is to take out funding through a variety of grant and loan sources.
There are many programs for disadvantaged and small business owners, as well as free programs to train you on how to start and make your company grow a business. Most of these are funds raised by the U.S. government and you can find out about them at the Small Business Administration.
Job Roles and Responsibilities of Bankers
Some of the basic job responsibilities of bankers in their everyday life are:
- Bankers provide periodic reports and analyses about the banks to the department.
- Bankers ensure that all programs meet the standards of the company and regulatory compliance
- Bankers actively identifying, hiring, and pre-qualifying new clients for various financial services
- Bankers guide clients to other financial experts whenever important.
- Bankers increase the efficiency and profitability of various financial products
- Bankers guide client accounts and keeping information up-to-date
- Bankers being the basic point of contact for established and new clients
- Bankers work with partners in a collaborative work environment to develop better solutions and products.
Banker Job Profiles
Mention below all of the job opportunities after taking this course in the tabular format mentioned below.
| Job profile in Banking | Job description | Salary |
|---|---|---|
| Bank Manager | Bank Manager guides on the following. Selling bank products and services. The efficiency with various technical software, such as Microsoft Office products. While most employers did not require the following skills, multiple job listings included them as preferred skills. | 7 Lakhs p.a. |
| Financial Accountant | Bank Manager, focus on various factors like Selling bank products and services. Proficiency with technical software, such as Microsoft Office products. Other advanced skills are also needed. While most employers did not require the following skills, multiple jobs wanted to include them as preferred skills. | 4 Lakhs p.a. |
| Financial Risk Manager | Financial risk managers work in sales, loan granting, trading, marketing, financial services, or private banking. Many specialized areas like credit or market risk. They analyze different data, financial markets, and world programs to forecast changes and trends that can impact a business and suggest or implement strategies for protection. | 11 Lakhs p.a. |
| Certified Public Accountant (CPA) | Certified Public Accountants work for accounting firms or CPA firms, but they can work also as self-employed individuals. They work together with company executives and finance professionals to manage financial documents and implement good accounting procedures. | 7 Lakhs p.a. |
| Investment Banker | Investment bankers play a key job in helping companies and governments in handling entities to find capital financing sources. As financial counselors for their customers, they help to generate price capital, assign resources, and manage investments. | 10 Lakhs p.a. |
| Equity Analyst | Equity research analysts build reports, conduct research, analyze financial information, and make predictions regarding financial works. Equity research analysts are analytical and methodical. They work full-time for companies in the finance industry. | 4 Lakhs p.a. |
Top Recruiters
Top recruiters hiring people for their services in the banking sector are:
| HDFC Future Banker | Karur Vysya Bank Limited (KVB) |
| City Union Bank | Lakshmi Vilas Bank PO |
| South Indian Bank Probationary | RBL Bank |
| Federal Bank Specialist Officer | Bank Professionals in Yes Bank |
| Karnataka Bank | Various Officers |
| Axis Bank | Kotak Mahindra Bank |
| Jammu and Kashmir Bank | Nainital Bank SO |
| IDBI Bank | Bandhan Bank |
Bankers Salaries
A banker works in a bank and is liable for helping people cash checks, withdraw money, move transactions to different accounts, creating, checking and savings accounts, and providing checks to customers.
Organization Wise
| Name of the Bank | Average Salary (INR) |
|---|---|
| HDFC Bank | 5,35,717 |
| ICICI Bank | 7,00,000 |
| Axis Bank | 2,54,650 |
| Kotak Mahindra Bank | 2,20,000 |
| Indusind Bank | 2,50,000 |
| Yes Bank | 1,95,000 |
| Federal Bank | 2,84,400 |
| Goldman Sachs | 17,39,484 |
Experience Wise
| Experience Level | Average Salary |
|---|---|
| Entry-level position | INR 1,31,742 |
| Mid-level positions | INR 8,46,029 |
| Senior-level positions | INR 10,38,780 |
Banker Jobs: FAQs
Ques. How to apply for bank jobs through IndGovtJobs?
Ans. Any eligible Indian Citizens can apply online/offline for Banking Job vacancies in India at IndGovtJobs. It guides the latest Government Banks, Public Sector Banks, and Scheduled Banks' career notifications. Job seekers can also check out our site Bank Jobs page, see the current Banking Jobs list. Just click the particular 'Bank Name' to get full details and Apply link.
Ques. Why Government Bank Jobs?
Ans. Government Bank Jobs is the most secured and high salary job in India. Once you enter a Banking career, your life is settled. IndGovtJobs.in updates all Govt Bank Jobs, Regional Rural Bank Jobs, and Scheduled Bank Jobs on this page. Just bookmark our 'Bank Jobs - Indian Government Jobs' for future purposes.
Ques. What are the bank jobs after the 12th Degree?
Ans. After 12th Pass: Clerical Cadre posts are suitable for 10th 12th pass candidates. Such as Clerk, Assistant, Bank Assistant, Cashier, Customer Service Representative, Clerical Attendant, Security Guards, etc.
After Degree Pass: Probationary Officer (PO), Management Trainees (MT), Officers, IT Officer, Finance Officer, Law Officer, Various Level of Managers, Consultants, Director, etc.
Ques. What jobs are there in a bank?
Ans. Many job positions can be found in public sector banks.
- Clerk / Clerical Cadre
- Banking Assistant
- Probationary Officer (PO)
- Management Trainee (MT)
- Manager level positions
- Customer Service Representative
Top-Level and Middle-Level Management Posts – Chief Manager, Assistant General Manager, Deputy General Manager, Branch Manager, Consultants
- IT Officer
- Law Officer
- Consultants
Ques. How many types of bank exams are there?
Ans. The public sector banks are conducting various bank examinations for Graduates and Post Graduates. The Institute of Banking Personnel Selection (IBPS) conducts a combined recruitment process for various level posts for Major Public Sector banking. State Bank India (SBI) will individually conduct SBI Clerk, SBI Assistant, SBI PO exams.
- Top Bank Exams in India:
- SBI Junior Associate / SBI Clerk Exam
- SBI Probationary Officer Exam
- IBPS Clerical Cadre (IBPS Clerk Exam)
- IBPS CRP Regional Rural Banks (IBPS RRBs Exam)
- IBPS CRP Probationary Officer / Management Trainees (IBPS PO / MT Exam)
- SBI Specialist Officer
- IBPS CRP Specialist Officers
- RBI Assistant Exam
- RBI Grade B Officer Exam
- RBI Grade A Officer Exam.
Ques. What is the qualification for a Bank Job?
Ans. Educational Qualification based on Bank Job positions. Minimum Senior Secondary (10+2) Pass, Any Degree, Post Graduate, Engineering Graduate, Diploma holders are eligible to apply for Public Sector Banks.
Ques. What is the Selection Process for Banking Jobs?
Ans. Most of the Banking Jobs selection is based on Competitive Written Examination (Computer Based). For High salaried top-level posts - selection will be made through a Personal Interview.
Ques. When IndGovtJobs updates Bank Vacancies?
Ans. Indian Government Jobs (IndGovtJobs) blog updates both Govt Bank Jobs and Private Banks on different pages. We update the Bank Jobs page frequently, two times a week.
Ques. What is the age limit for the bank exam?
Ans. In India, the Public Sector Banking minimum age is 21 years, and the maximum of 30 years (32 years for some middle-level posts) for General. Up to 05 years Age relaxation for Reserved category candidates. For Management Level, Manager Level, and Top-level positions Maximum age is 56 years.
Ques. Who is the third highest-paid banker in India?
Ans. Another top private sector bank, Axis Bank, which was originally set up as UTI Bank back in 1993, now has a market cap of Rs 1.3 lakh crore, per Economic Times. Its Managing Director, Amitabh Chaudhry, is the third highest-paid banker of FY20 with Rs 6.01 crore.
Ques. What's the average salary of a personal banker?
Ans. An entry-level Personal Banker with less than 1-year of experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ?334,901 based on 64 salaries. An early career Personal Banker with 1-4 years of experience earns an average total compensation of ?377,774 based on 149 salaries.
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