Banks are going to recruit over seven lakhs professionals by 2016 and among these, over four lakhs jobs are at the entry level positions for fresh graduates. To grasp this wonderful opportunity, you may join in any of the Bank Exam Coaching CentresIn Chennai to easily clear the exam.
It cannot be denied that banking has emerged as one of the major recruiters among the different financial services. In addition to creating a large number of jobs, banking jobs are more constant compared to other financial services.
Though, there are various types of jobs available in the financial services, but we will consider jobs meant for graduates, who are aspiring for jobs in this sector.
It should be noted at the beginning that students pursuing any degree course can enter this sector for a flourishing career. It is not limited to commerce or management graduates to join the sector. Here we will discuss more on mass employment opportunities and not on jobs with few openings.
Financial services companies are divided in three categories:
- Insurance companies
- Non-Banking Finance Companies (NBFCs)
The NBFCs are mostly into multiple businesses like capital markets, lending, asset management, wealth management, etc.
There are 5 categories of Banks. These are:
- Public sector banks
State Bank, United Bank, etc.
- Private sector banks
HDFC, ICICI, Axis, Yes bank, Kotak Mahindra, etc.
- Foreign banks
Citibank, Standard Chartered, HSBC, Barclays, etc.
- Regional rural banks
- Cooperative banks
Greater Bombay co-op bank, Abhyudaya co-op bank, etc.
In spite of the large number of banks, access to banking services still remains underpenetrated. Over twenty-five percentage of the population does not have access to the financial services sector. Hence, remain largely untapped and provide enough opportunities in the coming years. Given the rise in income levels and the use of latest technology, banking sector is expected to grow 4-5 times of its current size by 2020. The number of people who will be directly employed in the banking sector is expected to be over 2 million.Currently about 60% of people are employed in operations, 30% in sales and 10% in support functions.
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