Things You Need To Know About Banking Jobs

Things You Need To Know About Banking Jobs
Things You Need To Know About Banking Jobs

Things You Need To Know About Banking Jobs

The banking sector directly correlates with an economy of the country. Government support and contributes to colossal development in other economic segments that have made the Indian banking industry more progressive.

With an increase in disposable income and exposure to a range of products, consumers are heading more towards the services offered by banks. This scenario correlates to the job opportunities present in the market. Banking Jobs are offering esteemed positions for candidates equipped with the relevant skill set.

To guide you through your job searchbelow are the pointers you need to consider for banking jobs:

Skill Set Required For A Candidate

In the banking industry, candidates with finance background are preferred over other candidates. However, if you have are willing to abide by the responsibilities than you might have a chance to grab the vacancy. Banks look for MBA graduates and prefer candidates who have worked on multiple critical projects in large banking or financial services companies. Experience in private, retail, corporate, investment, research/analytics, asset management, security, broking is an added advantage. However, to keep up the pace with low-interest rate and a sluggish economy, acquire skills ahead of your competitors and make sure you are amongst the best-concerning banking knowledge and experience.

What Interviewers expect from a candidate?

Bank Interviews are not easy to crack, and candidates often struggle to clear the round. However, it is like most private sector interviews. There is a variety of generalized questions asked but what matters is how to answer them. It is essential for candidates to do their homework on the position and bank they apply for. It adds on to the fact that you are keenly interested in the organization and not on an interview spree. Besides, it might help the candidate in being remembered or noticed amongst the volley of people met by the recruiter. Read the news surrounding the bank you have applied for. Fetch details about your job responsibilities and study your primary role.

Hiring Process for banking jobs

Recruiters’ shortlist the resumes based on banks requirement. The shortlisting consists of going through the profile and checking the responsibilities, skill set, experience, achievements, etc. and understanding whether the profile is suitable. The candidate is then called for a “telephonic interview” in which s/he is reviewed and assessed with a set of pre-defined questionnaire.

Once the candidate is found suitable for the role, s/he is called into the staffing firm for a personal round of interview. During this interview, the candidate is checked for fitment into the role as well as into the bank’s culture.

Acquire Knowledge of the trends

Before attending the interview, make sure you are well versed in the history and general knowledge questions on a bank that you appear for. Read about the functioning and products and services offered by banks. Learn about regulatory bodies in India and the current banking and economy related news. Moreover, you might encounter a situation based questions which are generally asked to examine your reaction towards the situation.

More Tips to crack the Interview

  1. Practice mock interviews sessions available on the internet. It helps to give positive results to your performance
  2. Read newspapers in routine and prefer reading English newspapers that help to improve the vocabulary
  3. Acquire knowledge about your locality as an interviewer might ask you questions related to your regions to judge your curiosity about the world. Gather complete details about the place you were born in
  4. Build your resume in an accessible format to be understood by the interviewer
  5. Prepare answers related to your education or work history
  6. Dress formally and reach the venue on time. Don’t forget to bring essential documents with you
  7. Be natural and do not fake your skills and accomplishments
  8. Be a good listener and ask questions when asked for one

Speedy implementation of projects and continuation of reforms are providing high success to jobs in banks. With the advancement of technology, internet, and mobile banking services are growing immensely and thus creating job opportunities for candidates all around the country.