Introduction
The banking and finance sector is a significant contributor to the Indian economy, responsible for managing money, providing loans and investment opportunities.
According to a report by the Reserve Bank of India, the banking sector’s assets stood at around ₹147 trillion in recent years.
With a rapidly growing economy, the industry offers numerous career opportunities for individuals with varying skill sets and interests.
In this blog, we will explore careers in banking and finance, along with available job opportunities that can help you achieve your dream career.
Jobs in Banking Sector
The banking sector in India is one of the most prominent sectors, comprising public-sector banks, private-sector banks, and foreign banks.
As per the data published by the Reserve Bank of India, there were 94,384 branches of scheduled commercial banks in India in the last 2 years.
Also read: Power of Financial Mastery with Banking Diploma Courses: Benefits & Career Prospects
The sector offers several types of bank jobs, including
1. Bank Probationary Officer (PO)
A Bank PO is one of the top careers in banking and finance that is responsible for various banking operations, such as conducting transactions, opening accounts, and providing customer service. According to data from payscale.com, the average salary of a Bank PO in India is ₹497,120 per annum.
2. Bank Manager
A bank manager is responsible for supervising the operations of a bank branch, including managing employees and customer service. According to payscale.com, the average salary of a Bank Manager in India is ₹1,154,236 per annum.
3. Bank Officer
A Bank Officer is one of the top careers in banking and finance that is responsible for a particular area of banking operations, such as marketing, risk management, or human resources. According to payscale.com, the average salary of a Bank Specialist Officer in India is ₹667,211 per annum.
Also read: Embarking on a Path to Success with Banking Diploma Courses
Other roles include Relationship Manager, Relationship Officer, and many more…
Jobs in Finance Sector:
The finance sector in India comprises investment banks, asset management firms, and insurance companies.
According to a report by IBEF, the Indian asset management industry’s assets under management (AUM) stood at ₹38.50 lakh crore as of February 2021.
The sector offers several types of jobs, including
1. Financial Analyst
A Financial Analyst is one of the top careers in banking and finance that is responsible for analyzing financial data and making investment recommendations. According to payscale.com, the average salary of a Financial Analyst in India is ₹540,822 per annum.
Click here: Choose your career path in Banking & Finance with Expertrons
2. Chartered Accountant
A Chartered Accountant is one of the top careers in banking and finance that manages financial accounts, prepares financial reports, and provides financial advice. According to payscale.com, the average salary of a Chartered Accountant in India is ₹805,656 per annum.
3. Investment Banker
An Investment Banker is one of the top careers in banking and finance that is responsible for managing large financial transactions, such as mergers and acquisitions. According to payscale.com, the average salary of an Investment Banker in India is ₹1,891,062 per annum.
4. Risk Manager
A Risk Manager is responsible for identifying and managing risks associated with financial transactions. According to payscale.com, the average salary of a Risk Manager in India is ₹1,286,500 per annum.
Conclusion
No wonder upskilling yourself by enrolling in a professional course is a great way to enhance your career prospects and achieve your dream job in India’s banking and finance sector.
With the right education and training, you can acquire the necessary skills and knowledge to excel in your chosen field.
So, take the initiative to enrol in a professional program today and unlock your potential to build a successful and fulfilling career in the banking and finance industry.
Frequently Asked Questions
Popular career paths in the banking and finance sector include financial analysts, investment bankers, loan officers, and accountants.
Important skills for a career in banking and finance include analytical thinking, communication, and attention to detail.
Professional certification in finance, accounting, economics, or business is typically required for a career in banking and finance.
Tips for exploring career opportunities in banking and finance include networking, gaining relevant experience through internships, and pursuing a professional certification or advanced degree.
