The sector of banking attracts many people. People are attracted to the jobs in the banking sectors because of certain facilities like:
- a lumpsum salary
- fixed table job
- fixed holiday schedule and
- other facilities for the post-retirement period.
Thus, many youngsters are always interested in joining the banking sector.
REQUIREMENTS TO JOIN THE BANKING SECTOR:
Although people, even with 10+2 qualification or any other equivalent educational qualification, can secure jobs in the banking sector, candidates with a degree in subjects like commerce, accounting, and other subjects related to banking and candidates with specialized training or degree in banking course are given importance while applying for jobs in the banking sector.
Any private banking course can be done from any reputed registered institute as a regular candidate, or it can be done as some sort of a diploma or a Crash course through a distance education system and even online.
Private banks like ICICI Bank, or HDFC Bank, or IDBI Bank, for example, have already tied up with different educational institutions to provide banking courses, particularly Post Graduate Diploma in Banking Management Courses after taking up which candidates and applicants can be given guaranteed jobs in the banks for the post of Probationary Officers or Management Trainees.
ICICI Bank is providing a private banking course of the Post Graduate Diploma in Banking in alliance with Manipal University.
Axis Bank is providing a private banking course with the name of Young Bankers’ Programme. HSBC Bank to gives a private banking course for two years as a Graduate Analyst Programme.
FACILITIES OFFERED UNDER PRIVATE BANKING COURSES:
While the names of the private banking course differ from bank to bank, their contents essentially remain the same. The topics covered under the huge umbrella shade of private banking course include Financial Management, Accounting, Risk Analysis, Banking Services, and Relationship Management.
After the completion of the banking course, which usually goes on for nine months to one year and for even a longer period of time, the students are offered and also expected to do an internship program with the bank for a period of three months or so. The internship is, of course, a paid one.
The candidates who are chosen after the termination of the private banking course are made to sign a bond and agree with the bank to work as an employee with the bank for a specific period of time, as mentioned in the agreement.
Private banking courses are job-oriented courses, and hence, the private banks have the facility of providing stipends to selected candidates.
Axis Bank, for example, gives a stipend of ₹5,000 during the period of private banking course classroom teaching and training while increases the amount of stipend to ₹9,000 during the internship period after the termination of the stipulated period fixed for the private banking course.
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