Pay and Remuneration
For a Bank PO in SBI Bank the total compensation per annum is minimum of `7.55 lacs and maximum of `12.93 lacs depending on place of posting and other factors.
The emerging roles in Banking sector are Realtionship Management, Risk Management and Audit and compliance.
The bank officers position in PSU banks has lost some of it's sheen over the years after the economy of the country has opened up, but still many people look upto bank officers career as the most sought after one. These days private sector banks are also offering many jobs in banking. Most of these are in their retail segment and a few in corporate, private and investment banking divisions. Most of the recruits in managerial positions are graduates and MBA from good institutes.
The banking sector has been largely under government's domain in India and as such there are many famous banks like State bank of India, Bank of Baroda, Bank of India etc in the Public Sector space that people recognize, however there are not many officials who have emerged as pioneers and become very famous. However in Private Sector Banks, we have seen that the last decade has seen quite a few famous personalities emerge. Like Mr.H.D.Parekh of HDFC, Mr.Aditya Puri of HDFC Bank, Mr.K.V.Kamath of ICICI Bank and Mr.Vikram Pandit, who became the global CEO of internationally renowned Citibank.
A Day in Life
The banker always has a busy day. These days with Blackberrys and instant emails being taken as granted, the bankers start their work pretty early in the day, even before one reaches office.
Once one reaches the office, it’s time for the daily briefing by the reporting manager, on action items. Thereafter the banker spends time in resolving queries of customers, either electronically through emails or through phone calls or through in-person discussions. This continues till about 3:00 PM. Thereafter, the bankers typically close their customer interactions and focus their attention towards the internal processes and procedures. As one grows in a banking career one also gets to specialize in certain areas like corporate banking, investment banking, banking led insurance etc.
A career in banking or a bank officer career is quite a lucrative career; however if you want to look at other career options then you can look up for other careers on MapMyTalent.in.
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