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Bank Jobs | Why to Join | Who should Join a bank job?

Banking industry has been a growing industry in India for quite some time. During the year 2006 to 2016 the banking has grown at a rate of 11.47% every year. Every year thousands of candidates join banking industry because of the career prospects offered by bank jobs. Bank jobs give you lucrative salary, career growth prospects and better perks compared to jobs in other industries. Banking sector has also seen a lot of diversification in last few years. Results of this diversification are Credit Cards, SME banking, Insurance, Mobile banking, Money transfer, ATMs, banking logistics, credit rating, derivatives, financial instruments, bonds, stocks, etc. to name a few. These kind of diversification will continue to happen in future. Hence, joining the banking industry can bring you a lot of success in career. Here in this article we will discuss about how to join the banking sector, how to prepare for it, compare PSU banks with private banks, what kind of jobs are available, and finally how to know if you are a good candidate for bank jobs.

Bank Jobs

A typical day in a bank job

A typical day in a bank job will vary for different kind of bank employees. For example a clerk will typically reach office on time and leave office on time. However, an officer might have to work for a little longer till all the daily tasks gets finished. The works might differ from person to person, few things are common to all bank jobs. First thing is you will deal with people/clients on every typical day in a bank. Second thing is that you have to get used to computers and internet. Third thing is that, sometimes you will have to work more than your working hours. Bank jobs give you that stability and job security that you might look for.

How to join bank jobs?

There are two kinds of banks that exist in India. They are Private banks and Public Sector Banks. Public sector banks are owned by the government of India and their recruitment process is handled by IBPS (Institute of Banking Personnel Selection). The private banks hire the employees on their own. It also has been observed that the private sector bank jobs pay less and offer less stability however they offer high growth prospects. Here are some routes by which you can join a bank job. We will restrict our discussion to PSU bank jobs.

  1. IBPS PO

    IBPS Conducts exams every year for the post of Probationary Officers also called POs. The IBPS POs are kept for probation for next two years after joining before they are made permanent employees of the bank. For joining as a PO you have to appear IBPS PO exam and clear all the levels of the exam. Then you are selected as a Probationary Officer.

  2. IBPS CWE Clerk

    IBPS conducts Clerical cadre exam every year for selection of clerks for different nationalised banks. For joining this post all you have to do is clear all levels of the IBPS Clerical exam. Then you will be selected as a clerk in a Public Sector Bank.


    IBPS Conducts exams for all the RRBs (Regional Rural Banks) every year. You have to qualify this exam in order to get posted in different cadres that are present under the RRB. IBPS RRB conducts recruitment for posts of Multipurpose assistant, Officer Scale 1, 2, 3.

  4. SBI PO

    This is the most sought after exam in the IBPS category. The work and salary of an SBI PO is almost similar as an IBPS PO. But, students prefer it more because it offers better career growth and brand name of SBI.

  5. SBI Clerk

    Again same as IBPS Clerk, SBI Clerk only offers you a better brand name.

Public Sector Banks Vs. Private Banks

Features Public Sector Banks Private Banks
Selection Process Through IBPS Exam Through Recruitment Drives
Growth Opportunity Less More
Starting Salary More Less
Perks and Benefits More Less
Job Security Yes Not as much as PSU Banks
Qualification Only Minimum Qualification is needed Highly qualified candidates are preferred
Location of Posting Pan India. Sometimes posting happens in remote places Mainly in Cities
Transfers Happens every 3/4 years Will not happen much

How to know if you are a suitable candidate for a bank job?

  1. You are good at numbers: You see patterns in numbers. You can easily do some calculations without using calculators.
  2. Attention to Details: Attention to details is a must for bank jobs. Small mistakes are not excusable in the banking industry. Hence you must have a great attention to details in banking industry.
  3. Continuous Learning: You must have the appetite to learn every day. The banking industry is evolving day by day. Hence you should never stop learn
  4. Manage Stress: Sometimes the banking job comes with a lot of stress. If you are good at manage occasional stress like working long hours, then you must join banking industry.
  5. Comfortable in Using Computers: In banks almost all the work happen online. So, if you are comfortable in using computers then you can consider yourself as a more suited candidate.


Bank jobs are undoubtedly among the lucrative careers that are available in our country. However, the bank jobs seek a particular kind of expertise which makes you good for bank jobs.

If you are preparing for banking the you must enrol in our Live Classes for Free.

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