The banking sector in India is rapidly growing. The core roles of lending money out and accepting deposits are no longer the only things that the banking sector performs. In the banking sector, sufficient professional management and modern managerial practices have developed. The societal influence of banking activity has increased in modern times. These and other advantages make the banking sector the most enticing to recent graduates in our country. Today we will let you know why PGCRB course is best to land in banker job. Here’s what a career in finance has to offer if you’re considering it:
Pay in the banking industry is very good. A position in the banking industry in India pays more than other entry-level positions do. In a public sector bank, a probationary officer receives an annual salary of between $4 and $4.5 lacs. An SBI Bank PO costs only little extra. It is projected that the starting salary for officers in public sector banks will increase soon to approximately 5 lac yearly. As a result, if you are a recent graduate, starting your career as a bank employee is wonderful.
Possibilities for development and unrestricted promotion
The opportunities are infinite once you get entry to the banking sector. The banking sector offers several prospects for expansion. Candidates who are hired as clerks or probationary officers (PO) might have to work in rural areas at first, but by their fourth year, they might anticipate a second promotion, and by their fifteenth year, they might even be promoted to the General Manager position. Excellent examples of people who started their careers in the bank as Probationary Officers and advanced to the rank of Chairman are Arundhati Bhattacharya and a host of other well-known figures. Additionally, banking aids in your overall development and provides you with all the necessary job-related skills.
Job security is one of the key advantages of choosing the banking sector. In the public sector, the problem of job security has always been more crucial. This also affects people who perform poorly. Your career and future are secure if you earn a reasonable salary. The chances of losing your job at the bank are slim unless you engage in unethical behavior (such as accepting bribes) or prove to be wholly unqualified for the role. Because the private sector is so intensely competitive, one of the main reasons people despise private employment is the absence of job security.
No impact of a recession
Any country’s banking system is its economic backbone. Banks are entirely responsible for the financial condition, particularly when it comes to developing a country like India. Our country suffered the least during the previous global recession as a result of the resilience of the Indian banking system. Overall, the banking sector was mostly unaffected by the recession.
General skills enhancement
You will have lots of chances at a bank to increase your knowledge and skill set. Most Indian banks support you in continuing your education by offering a variety of courses, seminars, and training programs in addition to on-the-job training. Banks have training departments that help students develop their talents to the best extent possible through academic and technical training. Working in a bank fosters the development of a set of skills that are essential to all professions. There are also plans for social events and team-building activities. Examples include interpersonal skills, customer service, money management, strategic planning, etc.
Here’s why PGCRB course is best to land in banker job.
Post Graduate Certificate in Retail Banking (PGCRB course) program is the flagship course for fresh graduates & postgraduates to make them “Smart Banker” by undergoing an intensive training program of 350 hours by bankers having domain specialization.
PGCRB is an immersive program and provides students with real experiences of working with the customers, products, process, and system of the Bank. The program extensively engages students in the role plays, case studies, persona-based problem solving, and assignments to get them ready for the role of a Teller / Customer Service Officer. Our expert and experienced faculty act as mentors throughout the learning journey.
It includes the following:
- Developing the required skills to function with private sector banks
- Overview and adherence of Banking functions, day to day operations and guidelines
- Training candidates for Customer handling and relationship management
- Help them comprehend the fundamentals of cost accounting and management accounting and its impact on the financial decision-making process
- Educating them about the different types of financial institutions and their role in the financial markets.
- Making them understand the industry-specific regulatory requirements