Career Information

Banks are the lifelines of the country’s economic, commercial and industrial infrastructure. They are the repositories and custodians of the nation’s wealth. Hence, persons looking for careers in banks need to possess specialized qualifications in Accounts and Finance Management. Banks seek candidates of prudent habits and sobriety with good references of character and antecedents to ensure their integrity and financial propriety.

Employees in banks have to deal with multifarious banking activities such as private banking, commercial banking, financial portfolio management, mutual funds and stocks and shares. They have to maintain current client relationships, ensure banking needs are consistently met, provide exemplary customer service to clients and adhere to company policies and procedures to prevent operating losses to the bank.

Eligibility, Entrance Exams and Courses:

Banks recruit clerks, office assistants, accountants, portfolio managers, auditors, underwriters etc. A basic degree in Commerce is a must to apply for these positions. Certification in computerized accounting systems (TALLY & EXCEL) and advanced computer courses give an edge to candidates. A Masters degree in Commerce will be needed to attain managerial positions in due course by promotion.

Reputed banks conduct Entrance Exams for recruitment of Clerks, Assistants and Probationary Officers periodically by notification in the media. The educational qualifications for this are given below:-

• General Candidates and others – 60% or more marks in class XII and 55% or more marks in Graduation or Post Graduation.
• SC/ST/PWD Candidates – 55% or more marks in class XII and 50% or more marks in Graduation or Post Graduation.
• Computer Literacy – Proficiency in computer (Certificate from a reputed Institute or having computer as a subject in class XII or Graduation).
• The Age Limit is from 21 years to 30 years which is relaxable by 3-5 years in the case of SC/ST and ex-serviceman categories.

Top Colleges for Commerce & Accounts Degrees:

• Shri Ram College of Commerce (SRCC) Delhi
  University of Delhi, Maurice Nagar, Delhi-110007.      Ph: 011- 27667905           FAX: 011-27666510
  Email: srcc@indiatimes.com
  Web:www.srcc.edu
• Lady Shri Ram College, Delhi
  Lajpat Nagar-IV, New Delhi 110024 India        Phones: 91-11-26434459, 2460400, 26460434                                                                                                                                Web:www.lsrcollege.org/E-mail: lsrc@vsnl.com
• Symbiosis Society’s College of Arts & Commerce, Pune
  Senapati Bapat Road, Pune – 411 004 . Tel: (020) 5653903 Fax: 5651850 E-mail: sbmujumdar@vsnl.net
• St.Xavier’s College, 30 Park Street, Kolkata-700016
  Ph:(91-33)2287-5995
  Emailxaviers@cal3.vsnl.net.in
  Web:www.sxccal.edu/start.htm

Career Opportunities and Job Prospects:

Innumerable career opportunities are open to suitable aspirants with good Degrees in Commerce and certifications in computer accounting in banks and related finance institutions as Clerks, Assistants, Executives, Probationary Officers, Portfolio Managers, Auditors and Financial Analysts. On gaining 2-3 years on the job experience, they will be eligible for in-house promotions or move out to greener pastures elsewhere.

Salaries:

Salary structures are not openly advertised because they depend on the candidate’s qualifications and performance in aptitude tests. As a guide, one can expect a salary of Rs 10,000/- to Rs 15,000/- at the entry level. On promotion to Officer Cadres they are likely to be placed in pay scale of Rs 20,000/- to Rs 30,000/- Aspirants should seek ‘best’ jobs in websites and job portals.

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