Banking and Financial expert Rajeev Malani sharing his views about current trends of Banking Jobs and Careers.
1. Can you tell us about Current Trends in Banking Sector?
According to the Reserve Bank of India (RBI), the banking sector in India is sound, adequately capitalized and well regulated. Indian financial and economic conditions are much better than in many other countries of the world.
The banking sector may create up to 20 lakh new jobs in the next 5-10 years, helped by issuance of new licences and efforts being made by the RBI and the Government to expand financial services into rural areas, according to experts.
Hiring trend may get a further boost from the public sector banks, as many of them would need to hire fresh talent in the wake of nearly half of their workforce scheduled to retire in the next few years.
According to HR services major Randstad India, banking sector will generate 7-10 lakh jobs in the coming decade and the sector would be the among top job creators in 2014.Estimates are, however, much higher for Manipal
Career and Courses in Banking Sector
Academy of Banking, which expects expansion in banking sector, including by the existing and new banks, to help create 18-20 lakh new employees over the next five years.
Besides direct hiring, expansion in banking sector also helps in huge job creation in various support areas, experts say.According to Randstad, public sector banks could account for bulk of hiring and could see 5-7 lakh new jobs being created in the coming years, as close to 50 per cent of their workforce in the lower and middle-level functions will retire in this period.
2. Can you share some interesting facts about your institute which will excite our readers?
Learnopedia Academy is an indigenous and professionally run institute and conducts training for Competitive exam preparation – IBPS, SBI, RBI, Railways, SSC, RRBs and Insurance sectors.
Learnopedia started its journey in 2013 with coaching only 3 students and in a small office space of 300 sqft.
Today, in a span of 2 and half years, Learnopedia have trained 3500+ students and have successfully launched centers at 16 locations in Maharashtra.Learnopedia’s objective is to provide quality training and as a result, today, more than 70 percent admissions happens only through our students references.Learnopedia is a CRISIL rated academy.Learnopedia have recently won the Award for “Leading Coaching Institute for Competitive Exams in Maharashtra” by BrandAchievers.in
We have received the award for “Emerging Entrepreneur of the Year 2015 in Education sector” by BrandAchievers.in
3. How your institute is unique in terms of Courses, Curriculum?
We are a team of Ex-Bankers. There is a thought process in whatever we do at Learnopedia.
We provide standard study material to our students which is designed and reviewed by bank experts and Learnopedia research team.We have full time expert faculty members as compared to few other institutes where faculty members visit on hourly basis.We provide lifetime membership to our students so that students can attend any number of sessions at Learnopedia till the time they get job.
Our study material consists of more than 17000 Questions which is provided in 8 Books, CD, Test papers, Online Test Portal, Online Library.We provide Online Portal with more than 250 Tests.
We provide Online Library facility – students don’t need to refer any magazines or articles for GK updates. All the updates and notifications are provided in our Online Library.
4. What do you see in prospective students while offering admission?
For the courses that we conduct – students are very serious and carrier oriented. They are well matured because the average age of students at Learnopedia is 26 years. We just give them right and fruitful information.
5. What is your view about placements after completion of the course?
There are many fake institutes in India who offer placement guarantees after completion of these courses. I strongly suggest to stay away from such institutes.
There is a systematic and transparent recruitment process for Government Banks – Online test, Interview and then final selection.We do not give job guarantee to any student BUT we give guarantee to clear all the concepts related to academics because we are strong in it.
6. What advice you would like to offer Students looking for career in banking sector.
Career in Government Bank is one of the best options. You get knowledge and expertise of various verticals such as Retail banking, Branch banking, Operations, Trade and Forex, Loan depts., Treasury etc. There is a good scope of promotion in future.