Bank Jobs for Fresh Graduates in 2024

19 August 2024, 9:56 am IST

Just graduated in Banking and not sure where to begin your career journey from? We are here to help. This blog enlists the top bank jobs for freshers in 2024, which can help you take the first step toward success.

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Why Choose A Career In Banking?

Several students across India opt for Banking as their preferred choice of career options. Here are some reasons why bank careers are quite popular among students:

  • Job stability: This is one of the most popular reasons cited by graduates in Banking. They choose this career path for themselves as it lends stability and security to their career trajectory. Banking seems to be one of the most stable industries, unaffected by rapidly changing market trends or economic situations in the country.
  • Competitive salary: Banking employees are eligible to earn attractive salary packages. This is because the sector is highly competitive, which in turn compels banks to pay well to their employees to retain top talent.
  • Ideal work-life balance: Banks generally offer dedicated work schedules to their employees to help them achieve a work-life balance.
  • Varied roles: The banking sector offers a host of roles to graduates looking to enter the industry. This allows the prospects to choose a role that best aligns with their academic interests and career aspirations.
  • Positive impact: Banking is an essential service provided to society and individuals interested in making a positive contribution to society can choose this as their career path. The banking sector is also a vital contributor to the Indian economy and this way you get to be a part of the larger goal.

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Top Bank Jobs For Fresh Graduates In 2024

We now understand that a career in the world of banking has immense potential and can be a lucrative choice for many students. Let us take a quick look at some of the rewarding bank jobs that graduates in Banking are eligible to apply for in 2024:

  1. Private Banker: They are responsible for direct client interactions, working closely with both existing and potential customers and offering key services, namely advice on prospective options for investment, investment management, and credit solutions. Fresher graduates with effective skills in written and verbal communication are ideal candidates for this role, as it demands direct client interactions.

Average salary of Private Banker in India (approx): Rs 1.4 lakh - Rs 7.3 lakh per annum

  1. Risk Manager and Analyst: As the job title suggests, this role demands the professional to thoroughly evaluate any potential risks involved in investment and convey the same to the clients. They can assess risk factors based on prior records and patterns.

Average salary of Risk Manager in India (approx): Rs 8 lakh - Rs 20 lakh per annum

  1. Relationship Manager: They play an integral role in handling client relationships for the bank. They are responsible for managing sales and services, understand client needs and financial goals, and offer advice.

Average salary of Relationship Manager in India (approx): Rs 2 lakh – Rs 8 lakh per annum

  1. Financial Analyst: They are key advisors to the bank or financial institution, assisting them in making informed financial decisions. They also plan the finances of the organization, evaluate their records, analyze data and report it, evaluate the costs incurred, analyze the latest trends, and identify and mitigate potential risks.

The average salary of a Financial Analyst in India (approx): Rs 2 lakh – Rs 12.3 lakh per annum

  1. Credit Analyst: They are responsible for evaluating the creditworthiness of the clients, offering them financial advice on loan or credit options, and analyzing financial statements.

Average salary of Credit Analyst in India (approx): Rs. 2.2 lakh - Rs 16 lakh per annum

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Top Skills Required For Banking Career

Top Skills Required For Banking Career

We looked at some of the best job options for freshers in 2024 applying for jobs in the banking sector. Let us now take a quick peek into the top skills that these candidates must ideally possess to crack through the selection process for the job:

  • They must have effective interpersonal skills
  • They must at least be a graduate with a valid Bachelor’s degree in any stream relevant to banking
  • They should have good technical proficiency in working with the desirable tools and technologies on the job
  • A sound knowledge of banking, finance, and insurance is desirable
  • They must be able to demonstrate good client-relationship skills
  • They should have respect for time and deadlines and must be able to manage the latter within the stipulated time

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Key Takeaway

The Banking sector is ever-growing, given the consistent demand for this essential service in our society. This explains the surge in demand for bank jobs among fresh graduates in 2024. This blog highlighted some of the top choices to consider if you are a fresher in the Banking industry. Some of the top skills that you need to excel in your domain can be gained by pursuing a professional degree or certification course in Banking.

Amity Online offers a variety of online courses in Banking, Finance, and Accounting for students interested in pursuing a career in these sectors. Graduating with a program in the relevant field boosts your chances of securing one of the top jobs in Banking, among the ones listed in this blog, among other options.

A career in Banking imparts several benefits, including job stability, attractive remuneration, and perfect work-life balance. Sign up for an online course from Amity Online today to block your success slot in your career trajectory.

Sourabh

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Frequently Asked Questions

What qualifications are needed for bank jobs for fresh graduates in 2024?

A Bachelor’s degree is mandatory for graduates to apply for bank jobs in 2024. Additionally, you can improve your chances at employment by enhancing your skill set with online certification courses in Banking, such as the ones offered by Amity Online.

Are specific exams necessary for bank jobs?

Many public sector banks in India select candidates for bank jobs in the country through a common entrance exam conducted by the Institute of Banking Personnel Selection (IBPS).

What skills are beneficial for bank jobs?

People working in the banking sector require specialized skills such as a thorough knowledge of finances, product knowledge, good customer service skills, effective communication, critical thinking, technological proficiency, and work ethics.

What positions are available for fresh graduates in banks?

Some of the top roles that freshers can apply for in the banking sector include: Financial Analyst Bank Teller Assistant Manager Risk Analyst Banking Associate

Are internships necessary for securing a bank job?

Internships are a good learning experience for fresher graduates applying to bank jobs. They provide them with the opportunity to develop some key skills required for the job - such as understanding technical concepts, presentation, and communication skills, and gaining valued business insights.

What is the selection process for bank jobs?

The IBPS PO exam selects candidates for bank jobs every year. The exam’s selection process entails a prelim exam, the main exams, and an interview.

What is the age limit for applying to bank jobs?

The ideal age of the candidate can be between 20 and 30 years, though this may vary from one bank to another.