If you have just passed your 12th standard, and are wondering what to do next? We might have a plan for you. After passing your 12th standard, you can enroll in a coaching institute and seek coaching for banking. With globalization and increasing crime, people want to secure their money in a safe called which is called the bank.
A bank is the safest organization where people secure their hard earned money. Banking sectors have gained huge popularity in recent times. If you belong to the commerce stream, then banking is the most suitable course for you. There are certain conducting authorities such as IBPS, NABARD and SBI conduct exams for the vacant bank positions to give the career of students a right direction.
Why are banking jobs so successful, you may ask. First of all, bank POs are decently paid. In the case of a Government Bank job, the job security that it offers is also a huge attraction. The comes the availability of a decent amount of holidays. Also, the banking sector offers one of the most comfortable careers for youngsters.
These factors collectively make banking jobs very attractive to young Indians! If you want to be a bank p/o, you must have a bachelor’s degree from a recognized university. Also, you have to clear certain entrance exams. According to a certain survey by Institute of Banking Personnel Selection, there will be huge scope for candidates in banking sectors in 2019. Many investment specialists say that in the upcoming years the banking sector will grow at an extensive rate. So there are more opportunities for recruiting young candidates.
Let us check out some traditional commerce stream courses that are ideal for getting a banking job after 12th. Here they are – Following is the list of some of the important banking courses
B.Com. stands for Bachelor of Commerce. It is a 3 years extended undergraduate level program. It is the most popular choice of course among 12th passed students from commerce stream.
It is also an undergraduate program if you are passionate about economics, then this course will be of extreme help to you! This undergraduate programme is 3 years long. It is also the most preferred choice among students of commerce.
This undergraduate academic programme is 3 years long. This course focuses on areas such as finance and accounting. If you want to be a banker in the future, it is the most ideal course for you.
It is counted as the toughest course in commerce stream which has strong ties with the commerce stream. Many subjects present in the CA training module are covered in 11th and 12th commerce classes. Chartered accountants are extensively hired by banks for auditing and accounting purposes. They are also hired by individual businessmen to manage their financial accounts.
CMA attains for Certified Management Accountant. The scope of employment for CMA’S also stand in banks for accounting and auditing. The time duration of this course is 6 months. It is also considered as one of the substantial courses in the banking industry.
These were the most important courses to be pursued in the banking sector. Now, we will talk about other courses offered in the banking sector. In India, courses are generally offered in the following formats;
Let’s now discuss the cons and pros of the banking sector.
In recent times, demand for the banking jobs in youths has extensively increased. Most of the graduates are preferring banking jobs over others. In this section, we have listed a few advantages of banking division.
Security - if you get recruited in a government bank, then you will enjoy many perks even after retirement. In private banks, you won’t get fired so easily until an illegal action has been done for you. So in term of job security, it is the best option.
Holidays - Banking sector offers a large number of public and private holidays. So, you can enjoy more with your family and friends.
Salary - You get to enjoy a decent earning life in banking division with high salary packages. Along with salary, some other perks included are the residence, transportation cost, etc.
Learning dome - You can avail a learning environment about new policies, loan/credit schemes as there are a broad variety of loans/advances/credit schemes granted to individuals, companies, firms, establishments etc. You can acquire all these by just possessing a Banking Sector Job.
With so many advantages of having a Banking Sector Job, there are some disadvantages too. Let’s take a look at these disadvantages :
The stress and work pressure of achieving work targets can move you to hell and back. Banking can become one of the hectic workplaces if there is a lot of work pressure on you.
Another disadvantage of working in a public sector bank is that you are not provided with the latest technologies to work on.
Posting in the remote location-
The RBI banking license guideline states that a bank can expand its branches in any of the remote rural areas. Many bank employees suffer this condition of being transferred to rural locations.