The job market is witnessing several changes in the present scenario. This is mainly because the general scenario regarding the jobs has been changing very well. When compared to the earlier times when the opportunities in the government sector were being limited and those within the private sector was high. The individuals also use to prefer more of the jobs in the private companies mainly various multi-national companies being emerging. Hence getting in to any of these companies which was being branded was more regarded than getting in to government organizations.

Also at that time the government jobs also were not so many available in number. But now the entire job market has changed with many of the job opportunities contributing towards the government sector itself.

From among the various sectors which had witnessed changes, the banking sector was the most predominant one. The banking job market has undergone many changes with the number of job opportunities in this area scaling up. The demand for the jobs in this sector is growing high especially among the individuals. When we observe in general, the candidates who are involved in various areas of work and also academic levels are interested towards this sector. Even the candidates who are graduates and post graduates in the field of management, engineering, and hard core technical professional also in this area are opting for the bank jobs. What is the general reason behind this trend? It’s nothing but the opportunities in this area.

The recent developments in the area of banking recruitment is one of the main reasons because of which the opportunity figures in the banking area had being scaling up. The Common entrance Test which was conducted by the Institute of Banking Personnel selection (IBPS) is one main feature which can be added to the current development list. According to figures around 13 million candidates had made useful this opportunity by registering for the CET conducted in September month. From that fatty figure only around 8 million of people appeared in the examinations which covered recruitment towards various positions in various governments and nationalized banks all over India.

The figures relating to the developments in the government sector banks were very high and as a result of this the private and commercial banks also started advertising regarding the various opportunities coming up in their area. According to the recent figures the numbers of individuals who are working in various banks are generally new employees around 60% and where as the experienced candidates are around 40% in the coming years on a whole.

Why a boom in the banking jobs?

The financial sector is undergoing several changes on a whole. There are not only changes in the banking industry but also in the areas of insurance jobs, financial services etc have also added on to the list. Theopportunities keeps on coming up and added on to the existing number. Not only there is change in the number of vacancies but also in the job profiles on which the candidates are being taken also is changing on a whole. There are several banks where in the situations are simply unbelievable. For example if in a bank there are around 300 vacancies which are vacant in several domains or job profiles, the number of candidates who are applying to these position will be around 40000 and all. Such a change is in the minds of the applicants regarding the bank jobs.

There are several factors which have contributed to this. The general picture in the minds of the individuals with regard to the bank jobs has already being changed. They regard the bank jobs more as a part of the status symbol and also which provides immense amount of opportunities in terms of the career area also. The economic developments which had taken place and as a result may sectors had been benefited. One of the most important sectors together in that area is the banking. The most important factor due to which the candidates take up the banking is predominantly because of the security that any bank job may offer in. What ever may the educational disciplines the candidates in any discipline may get equal opportunity for the banking jobs.

The kind of exposure that this job area may provide in will be also high. The candidates will have the relative opportunity to come in contact and mingle with the people from diverse work areas where they have high experience also. The opportunities to climb up in the career ladder within this job area will also be high within the initial years itself.

Need for Performance is High!

We have already talked about the high opportunities in this area, but those who are opting for this need to perform too. Even though only a 50% of marks is needed for attending this exams the candidates need to be proficient in all the different areas which are covered in the bank exams. The candidates who can perform well within a given task is most important in this career area. There number of people joining the banking sector was diverse especially those from the manufacturing area, engineering background, management stream etc. This is mainly because of the ever growing number of opportunities in this field.

The numbers of candidates who have experience in the relevant areas are also opting for the banking jobs on a whole. The general trend of hiring for banks is mainly done through the HR agencies. The banking sector is yet to start their method of recruiting through campus placements which is still not being undertaken full fledgly. The candidates are also recruited by various banks in the customer service departments, accounts and administrative section, etc.

Too many benefits!

One of the most important factors which contribute towards the number of benefits in this sector is also high along with the salary. The candidates may get in benefits in the name of house rent allowance, petrol allowance, festival allowance, medical expense and a whole lot of allowance along with the salary package.

The banking is an emerging career line where in the individuals goes in for it for several factors. The primary factor is the security factor and the level of exposure and career growth that it may bring in to the individuals. When compared to other jobs, where the benefits will be cut down at the time of recession, where in the bank jobs will be stable. The candidates also prepare for a job which will also enhance their level of skills to succeed not only in the test but also in the job area as well.