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Careers in Banking

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What is Banking?

There is always someone at any given time that needs money to kick off a new venture, and there is always someone with surplus money who’s not earning anything. To deposit/seek loan of money, both these parties may approach a bank. Thus, it’s best to define banks in terms of their primary purpose: to mobilise the surplus savings of the populace and redirect them into development and national growth.

At the customer interface, banks roll out services such as various deposit accounts, loans, custody of personal items and documents etc. and it’s the jobs within this interface that shall be discussed here.

How to start a career in Banking?

Good marks graduation almost mandatory for a good job, but that’s only the beginning. The Banking Service Recruitment Boards (BSRBs) are always on the lookout for applicants in most major national newspapers through full-page advertisements. Applicants to banking courses must undergo a vigorous testing process merely to qualify. This banking exam covers reasoning, quantitative aptitude, general awareness, English, and a descriptive test. The reasoning test contains verbal elements while the others are objective. To make it accessible to all students, the test can be answered in either English or Hindi.

Banking Career in India

Private banking recruitment usually happens directly though and they give a preference to candidates with an MBA, CA and/or even better, to candidates with a few years work experience in the public sector. This recruitment is at officer level and leads to extremely profitable careers.

Other graduates can find job opportunities in positions such as clerks, home banking and personal banking…or even marketing.

Recruitment isn’t restricted to commerce and management students though; engineers and agriculturalists are in high demand too for developmental banking jobs in India, especially in rural areas. Additionally, banks also hire medical and fitness professionals to provide healthcare for their employees.

If you’re looking for banking courses in India, try the following:

  • University of Madras, Centenary Buildings, Chepauk, Chennai-600005,
  • The Aligarh Muslim University, Aligarh-202 002,
  • Ravishankar University, Raipur-492 010
  • Guru Ghasidas University, PO Koni, Bilaspur-495 009.
  • Maharishi Dayanand University, Rohtak-124 001.

Banking Exams in India

To perform day to day banking operations, both front-end and backend, banks recruits human resources through banking services examinations. Basically banks hold two types of examination for recruitment of personnel:

1. Banking Services Exams and
2. Bank P.O. Exams

All banks issue nationwide notification for recruitment as these exams are centralized and recruitment is done through All India Level Examination. Both undergraduate and graduate in various streams arts, science, commerce, are recruited in banks in various posts. For details, click here


In a public sector bank a PO earns Rs 10,000 to Rs 18,500 per month. A manger earns Rs 13, 000 to Rs 20,000 per month while chief manager earns around Rs 25,000.


I am from Humanities /Arts background. Can I become a bank officer?
Sure you can. The minimum eligibility criteria for a banking jobs is that of a graduation from any stream with a minimum marks of 50%.

When do I start preparing for banking exams?

Well you do not need any additional preparation for banking entrance exams. However, you should keep practicing Maths and English and also keep yourself abreast with General Knowledge.

What are the different banking exams that I can appear for?
Almost all important nationalised banks like the State Bank of India, Union Bank of India, Bank of Baroda and Vijaya Bank. Click here for the list of banking exams in India.

Are there any coaching centers for banking exams?

You do not need any special coaching for banking entrance exams. However, if you still insist to join, you can join competitive coaching classes.

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