Banking sector has shown tremendous growth in the last few decades and has shown annual growth constantly with each passing year. During the time of financial breakdown, the Indian banking sector remained unaffected and fought the crisis firmly. The banking sector in India has rejuvenated itself with the changes in the banking system of the country. With the introduction of technology and digital equipment, banking has become a global phenomenon. It is now not only limited to transaction of money at the cash counter and maintaining the ledger. The Core Banking Solutions and internet banking has added new dimensions to the banking sector. It has opened up the scope for employment for the candidates belonging to different educational backgrounds. Job security and higher social status associated with the banking jobs are some of the factors that attract more and more candidates towards these jobs.
Engineering Career Versus Banking Professional
Lakhs of students take admission in engineering courses every year. They get placed in reputed companies as well. But due to increasing number of candidates passing out every year from the engineering colleges, there are no reputed jobs for these candidates in the market. Further, they can lose their jobs any time as there is no job security in the private sector. Whenever financial breakdown occurs, the multinational companies are the first one to get affected by it. So, many engineering candidates are now preparing for the government jobs and banking jobs like IT Officer, Managerial post, etc. Candidates, who have completed engineering from Computer Science/ Communication/ IT, prepare for specialist officer post. Due to the advancement in technology and introduction of Core Banking Facilities, banks welcome these candidates wholeheartedly.
Benefits Over Engineering in Banking Sector
In addition to handsome salary, banking sector offers good career prospect, job-security and several other emoluments. The candidates are offered provident fund, gratuity, pension and loan at lower interest rates. Apart from these they are offered several leaves and benefits. The working is less and fixed in public sector banks and candidates get more time for their families. The work pressure in very less in the banking jobs and employees enjoy their lives. Further, the employees get several promotion facilities and good career prospects in these jobs.
