The banking, financial services, and insurance sector is one of the fastest-growing sectors not just in India but worldwide. Despite a major global pandemic, this sector has not stopped and continues to grow at a reasonable pace.
Here are some reasons you will love to work in the Banking sector:
- Recession-Proof Profession
Compared to other professions, a banking career is recession-proof as banks are the backbone of the country. It plays a key role in the development of a country’s economy. A developing country like ours relies solely on banking. Employment is the least affected by the global recession. Even during the global recession, banks around the world remained an important pillar in propping up their country’s economies. Likewise, due to the robust Indian banking system, the Indian economy was not affected to a large extent.
- Good Salary and Fixed Job Timings
Salary is the best reason to get into an industry. The banking industry indeed offers employees good wages. Banks also offer their employees additional services such as minimum interest rates for loans, medical services, pension benefits, etc.
In addition to salary, The banking sector has fixed working hours, which does not cause much tension and stress like other private jobs. Because of the fixed working hours, you can have enough free time to spend with loved ones.
- Growth And Job Security
The fast pace of this industry makes it challenging and keeps all professionals up to date. When you become part of such an environment, you push your limits. It not only allows you to always stay up to date but also makes you more competitive. Moreover, it helps you develop professionally. If a challenging job is not enough to fascinate you, there is also the job security that this industry offers its workforce. As the industry continues to grow, the employees can find a solid foundation and jobs for the next few years.
- Contributing to the economy
Banks and financial institutions are the main drivers of the economy. The people in this industry also directly or indirectly help drive these wheels. We all want to make a difference in this world, but not all employees can experience it. This industry offers the opportunity to contribute to the national and global economy in the most subtle ways.
- Easy to join from any discipline
The banking sector offers jobs for candidates from all fields such as engineering, finance, IT, technology, marketing, etc. Applicants from all educational backgrounds can apply for positions in the banking sector.
Financial and banking technologies have significantly increased innovative products and services. It has paved the way for the promising future of this industry. Careers in the BFSI industry now have better prospects than ever. Whether you are a recent graduate or a finance enthusiast, a job in the BFSI industry is what you need to advance your career.