The Banking Sector and Job opportunities
Talking about recent times, Banking sector jobs have become quite popular. For any commerce stream student, banking is really a nice option, and if you want to do one, we’ll help you through this article. Listed below are some known courses that one can do after class 12th commerce for banking jobs.
The Banking sector has always been linked to the Commerce stream traditionally. If we talk about old times, students who were from other streams (Science and Humanities) never really thought about getting into the banking sector, as it was always dominated by the commerce stream. But gone are those days! In today’s world, anyone with a Bachelors’s Degree is eligible to step into the sector of banking, no matter what the stream is, science or humanities.
Why are Banking Sector jobs so desirable?
Banking Sectors jobs are very popular and the first and foremost reason being, Bank POs are paid a good amount of money. Moreover, landing a job in any of the Government Banks is directly linked to stability and security in one’s career that is also a huge attraction. Apart from that, it comes with the availability of a good amount of holidays that many people look for. These are some of the factors and reasons why Banking Sector jobs are so popular and desirable amongst the Indian youth.
So, here we have listed down some courses after class 12th commerce for a banking sector job. Here are the top 5 courses :
- Bachelor in Finance and Accounting
- Bachelors in Economics
- Bachelors in Commerce
- Chartered Accountancy
Bachelors in Finance and Accounting
The degree in Finance and Accounting aims to train professionals who are going to pursue careers in areas of investment analysis and management, banking, auditing, consulting, and financial management. The duration of this particular course is 3 years. If you want to become a banker in the future, this is a good course for you.
Bachelors in Economics
Bachelors in Economics course is designed to train aspirants in analyzing concepts and processes of the economy by educating them in areas such as definition, nature, scope, concepts, utility, production, market, monopoly, etc. It is also a 3 years long course just like the previously mentioned. Even Indian Monetary Fund (IMF), World Bank, Asian Development Bank take Economic Graduates for various positions there.
Bachelors in Commerce
A Bachelor of Commerce is an undergraduate degree that can lead you into a banking sector job, usually awarded in India, Canada, Australia, Pakistan, Ireland, New Zealand, South Africa, Myanmar, and other Commonwealth countries except for the UK. It is a 3 years long course, and one of the most popular courses for Commerce graduates.
Chartered Accountancy Chartered Accountants are often hired by banks for auditing and accounting purposes. The CA (Chartered Accountant) is one of the very prestigious and challenging/tough career fields.
CMA – Certified Management Accountant. CMA professionals are also hired by banks for accounting and auditing purposes. Certified Management Accountant is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics.
Clerks recruitment in Banks
The age limit here is 18 years to 28 years. The Education Qualification required to be eligible to give the exam is 60% aggregate in class 12th. The examination is in pen & paper mode and is an objective type exam which is multiple-choice questions. This exam consists of 4 sections which are, Reasonal Ability and Numerical Aptitude, Clerical Aptitude, English language, and General Awareness.
The final selection of candidates is on the basis of the final merit list which is based on the aggregate of marks in the written exam as well as the personal interview round. The Career Options in the Banking Sector field There are other opportunities available in the banking sector as well. Some of these career options are that of financial managers, Bill and account collectors, bank tellers, loan officers, financial service representatives, bookkeeping, audit clerks, etc.
The career options related to banking are very popular nowadays and are very promising.