Growth and private sector banks go together like peanut butter and jelly. Growth can be found everywhere in a great private sector bank, whether it be on the balance sheet or in staff careers. Despite public sector banks having dominated the Indian banking industry for decades, the most valuable bank in the nation is a private one.
A career in banking is an investment in a bright future. Future demand for qualified sales executives will only rise as Indian private banks become the preferred source of financial services for the younger generation. So now is the perfect time for your country's young, tech-savvy, and diligent populace to pursue banking as a career for a fulfilling professional life.
But when it comes to being hired by the top players in private sector banking, it's not simple to grab recruiters' attention in a cutthroat degree of competition. To do that, you must be well-prepared and portray your best self throughout the screening. You ask how? Follow along to learn some important advice.
An overview of the private banking industry in India
Many individuals believe that Indian private banks have become extinct. Private-sector banks have existed in India since the turn of the 20th century. However, private banks began to take off in the early 2000s.
India's banking sector is currently very competitive, with more than 20 private banks providing a variety of financial services. The top two private banks in India, HDFC Bank, and ICICI Bank helped the trend move away from PSU banks and toward private banks. They are closely followed by Kotak Mahindra Bank, which has gained popularity recently.
When it comes to employment prospects, private banks provided 4,20,285 jobs in India as of 2018. This is more than twice as many employees as private banks employed overall in 2009. Nevertheless, there is still plenty of potential for an increase in the workforce.
Benefits of Working in Indian Private Banks
Your long-term growth and development are ensured by establishing a connection with something or someone that is currently flourishing. And as is well known, the expansion and growth of the banking industry in the private sector are at an all-time high. Benefits of working in private industry:
- Forming connections with the top companies, institutions, and brands.
- Working in a setting that promises both financial and personal advancement.
- Sales incentives and prizes will boost your cash account in ways you never even imagined.
- Respect and recognition attained via your efforts and successful choices.
In addition, here is a little secret: People are shunning government employment in favor of the benefits offered by private banks. The established banks now generously reward their skilled employees. Your development, income, and financial security, however, totally depend on your knowledge and skills.
Qualifications in PGD Banking
A postgraduate level diploma program with a one-year duration is called the PGD in Banking. Students who wish to enroll in this course must have earned a bachelor's degree from an accredited institution in the relevant field or an equivalent degree.
Applicants will be admitted to the postgraduate diploma in banking depending on how well they performed on the admission exam and during the personal interview including PSIB Institute. Some institutions, however, grant admission to this course based on a candidate's performance on the bachelor's degree examination.
Career Opportunities in PGD Banking
Students that do the PGD in Banking course perform remarkably well in the industry of banking. Students who wish to improve their verbal and managerial abilities and want to work for large MNCs should take this course. After completing this course, students have a variety of career options available to them, including becoming a lecturer or teacher, banking manager, marketing manager, financial advisor, or financial manager, among others.
Students who complete the PGD in Banking will be qualified to work in the
- Lecturer/ Teacher.
- Banking Manager.
- Marketing Manager.
- Financial Consultant.
- Financial Manager.