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Jobs in the Banking Sector: Biggest Myths Busted
March 04, 2019
Young graduates in India are particularly attracted to the banking sector for jobs. It’s a common belief that the banking sector can offer some of the best-paying and undemanding jobs. However, are all the opinions that the youngsters have about it completely true? The answer is “no”.
The following are some of the biggest myths about the banking sector:
Myth #1: Working Hours are Fixed
Many people think that banking jobs are quite cushy and you just have to be at work from 10 AM to 4 PM. However, that’s not true. Just like any other job, when the workload increases, then the employees have to work overtime which may or may not come with extra pay. A good example of this is the demonetization drive when the public-sector banks had to work for 12-14 hours for days to convert the old currency notes.
Many people think that banking jobs are quite cushy and you just have to be at work from 10 AM to 4 PM. However, that’s not true. Just like any other job, when the workload increases, then the employees have to work overtime which may or may not come with extra pay. A good example of this is the demonetization drive when the public-sector banks had to work for 12-14 hours for days to convert the old currency notes.
Myth #2: Attractive Salaries are Guaranteed
The banking sector may offer some of the best salaries, but for each individual, it really depends on their qualification and job role. For instance, a clerk in a PSB makes no more than 10k to 11k in a month. However, an investment manager in a top private sector bank can easily earn up to 10 lakhs to 20 lakhs per year.
The banking sector may offer some of the best salaries, but for each individual, it really depends on their qualification and job role. For instance, a clerk in a PSB makes no more than 10k to 11k in a month. However, an investment manager in a top private sector bank can easily earn up to 10 lakhs to 20 lakhs per year.
Myth #3: Work Environment is Poor
It’s true that banking jobs can be quite hectic and challenging at times. However, the industry also observes a lot of innovation and the use of creative ideas. So, if you are able to find a job in a top public or private sector bank, then you can expect to meet some really interesting people and grow in a nurturing work culture.
It’s true that banking jobs can be quite hectic and challenging at times. However, the industry also observes a lot of innovation and the use of creative ideas. So, if you are able to find a job in a top public or private sector bank, then you can expect to meet some really interesting people and grow in a nurturing work culture.
Do you want some of the best jobs in the banking sector? If your answer is “yes”, then you need to know that graduation isn’t enough. You should think about applying for a post-graduation course that specializes in banking. For instance, We are offering one such course at an affordable price. Go to this link for more details.
Important Links:
- MBA from UK University: https://ask.careers/courses/mba-from-uk-university/
- Post Graduate Diploma in Banking & Finance: https://ask.careers/courses/post-graduate-diploma-in-banking-finance/
- Professional Diploma in Banking and Financial Services: https://ask.careers/courses/professional-diploma-in-banking-management/
- Mumbai: https://ask.careers/cities/mumbai/
- TSCFM: https://ask.careers/institutes/tscfm/
