Business and Finance

There is a lot of scope for banking jobs in India. Working at a job in banking can be an exciting one, but also highly stressful if youre not careful.

Working in a bank, means you will get to meet many different kinds of people as well as learn a lot from your hands on experience. Perhaps the best part about working in a bank is that it looks pretty impressive on your banking resume.

But if you think itll be a walk in the park, think again. Many a banker comes home late like late, late to be with his wife and family, solely because the work pressure on him in office kept him working till 10 at night and maybe longer.

Insurance and accounting jobs are no better. High-pressure work loads make the jobs stressful and largely draining. While it looks good on your resume to have these kind of jobs listed as work experience, you should count the cost before you step in to fill such a role.

Finance jobs can be quite exciting although, and looking on the bright side of it at least it pays well. Jobs in Bank Industries have been known to pay over 6 digits per month and sometimes even more than that. But this need not always be the case. Jobs in Banking can be as diversified as there are types and categories of jobs in the market well maybe not that many, but you get the point.

The first things you need to do when considering joining a bank is ask yourself why. Are you joining them for the money? Are you joining them because they are a good brand name? Are you joining them because the market is down and you have nowhere else to turn? Ok, Im sure thats not why youre joining, because banking employment seems to be the last place anyone would look if they were in such a state. Are you looking because you want to learn something new? Are you there because its a family business or your parents want you to do this?

Once you decide on your reason for doing this, figure out whether you would like an online banking job, or work in a regular bank. There are many types of banks under the heading of a regular bank. Some of these are: a small bank, a national bank, a hometown bank, a regional bank, etc. and then take the next step to applying to them.

As with any job, there is a minimum qualification that they expect you to meet. They dont expect you to have criminal records or any such thing. You also need to have some basic computer knowledge.

And finally, bank jobs can be found online, in local newspapers, etc. Pick up the phone and apply.

Businesses are looking for a specific type of employee in their financial recruitment drive. Accounting jobs, banking jobs and other employment opportunities require a particular kind of person in addition to the relevant qualifications. Usually a degree is required for accounting jobs, but other types of financial careers in banking, whether it be a teller at a bank or an administrator, may only require a diploma to meet the criteria for a position. The more senior the role, the more qualifications are required in addition to experience in the field, whether it be in the same company or a different institution or competitor. Companies have different policies regarding giving internal applicant preference or employment equity. Many jobs require specialist qualifications to perform a specific type of business and many require experience within the working environment such as completion of articles or secondment in addition to a tertiary qualification. Accounting jobs also require certain characteristics along with a head for figures. Meticulousness, ability to work under pressure and accuracy is required. Accounting jobs require more hard work at certain times of the tax year, but office hours are generally adhered to in an accounts office. Banking jobs are competitive with many banks head hunting their ideal candidates and salaries vary depending on the seniority of the position, specialist roles and the banks size, budget, profitability and reputation in the market. Working in finance can be highly pressurized and banking jobs, in particular, have many rules and codes that must be adhered to. Because there is a high risk associated with handling cash, there are more safety procedures than in many companies that use commodities or services.

Workers may be subjected to daily security checks or changing passwords more often than employees in other industries and more employee confidentiality is required which will change the code of conduct. There are all internal policies of banking jobs and they may outsource hiring and recruitment responsibilities. There are many employment agencies that banks and other financial institutions work through instead of using their human resources department to head hunt or identify potential candidates in a recruitment drive. Employment agencies sort the candidates according to the employers needs in order to save time in the hiring process. Time is money in the business world and anybody looking for work should upload their CV to an employment site or join an agency as well as responding to suitable job advertisements in the media. Working in banking institutions is specialized and a strong interest in financial planning and the business economy is required. There is no room for error and the ability to work with numbers is crucial. Financial recruitment is all about the numbers and good references from previous employers and a business qualification is important to secure a position in the financial sector. A passion for figures is also useful when working with banks.

If you are thinking about pursuing a career in the world of finance, you can have the benefit of choosing to work for a large well established company or start a company of your own. Most financial planners make the choice of becoming sole proprietors due to the freedom of being your own boss offers; quite clearly, you set your own work hours, and as far as income is concerned, you set the limit.

2007 sees graduate starting salaries make rises in certain areas with best-paying employers being those for investment banking. Graduates entering investment banking jobs can command entry salaries of 36,000 with legal firms and business consultancies following close behind. By contrast, the lowest graduate starting salaries occur in retail and transport jobs, which often pay around 20,000.

Critical skills for investment banking jobs include:

analytical ability
excellent communication and interpersonal skills
high levels of drive and excellence
outstanding motivational skills
highly developed team work abilities and
optional foreign language fluency.

Investment banking is unique in the diversity, intellectual challenge, productivity, career opportunity, breadth and variety of teamwork and analytical content that it presents to graduates.

Hours can vary with some jobs involving long days starting at around 7am and some roles finish late. That said, work in this area is dynamic and innovative giving you plenty of challenges and scope in your career.