How to Become a Bank Manager?
Many young people today aspire to a career in banking because it offers them a high profile. To become a bank manager, you need to obtain a bachelor's degree in finance. Once you complete your bachelor's, you can get a job in banking. To enter this field, you must pass an exam conducted by the IBPS, where you can work as a PO. If you have worked in this position for more than three years, you can become a bank manager.
Candidates have two options for banking jobs: a government bank and a private bank. The selection process for both banks is also different. If a candidate wants to work in all nationalized banks (except SBI), they must pass the combined examination conducted by the IBPS. Additionally, if you want to become a manager in India's largest public sector bank, you must take the SBI PO exam, which the bank releases notifications for periodically. You can apply for the position of manager in any bank in India as follows:
Government Banks
To become a manager in a government bank, a candidate must first pass the IBPS exam, which is attended by millions of candidates each year. Therefore, candidates must work extremely hard to achieve this.
Private Banks
If you want to work as a manager in any private bank in the country, you can do so through a course offered by a private bank. Major private banks in the country offer postgraduate courses through Manipal or their own institutions for managerial positions. By paying a fixed fee for this course, you can obtain a managerial position or equivalent in a private bank.
Additionally, if you have experience in relevant banking fields, such as sales, operations, or customer care help desk, you can submit your resume to any private bank, so that if there is a vacancy in that bank branch, you can be called for an interview.
Furthermore, if any of your relatives or friends are already working in a private bank, you can also use their reference to apply for a manager position in that bank, so that if any recruitment comes up in any branch in that area, you will be given preference.
Selection Process for Bank Managers
The examinations for becoming a bank manager are as follows:
Preliminary Exam
Main Exam
Interview
Group Discussion
Preliminary Exam
To become a bank manager, candidates must first appear for the Preliminary Exam. This exam consists of a written exam covering general knowledge and current affairs, general English, math, and reasoning. Candidates who successfully pass the Preliminary Exam are then called for the Main Exam. This exam consists of 100 questions from three different sections: 35 questions from Quantitative Aptitude, 35 questions from Reasoning Ability, and 30 questions from the English Language.
Mains Exam
Candidates who pass the Preliminary Exam are selected for the Mains Exam, which requires considerable effort as this exam also has negative marking. This exam is conducted for 80 marks.
Interview
Candidates who successfully pass the Preliminary Exam and Mains Exam are invited for an interview. The interview will include a wide range of questions, including questions related to daily events and activities in the country, politics, social issues, the Indian economy, business, markets, agriculture, finance, awards, the Indian Constitution, media, sports, the Reserve Bank of India, and banking.
Interview
Candidates who successfully pass the preliminary and main examinations are invited for an interview. During the interview, candidates are asked a variety of questions, including questions related to daily events and activities in the country, political and social aspects, the Indian economy, business, markets, agriculture, finance, awards, the Indian Constitution, media, sports, the Reserve Bank of India, and banking.
4. Group Discussion
In the final stage, candidates are required to participate in a group discussion. This discussion is conducted similarly to an interview. In this process, some officials assign a topic to the candidate, requiring them to express their opinions. Based on their opinions, their abilities are assessed. Candidates are then appointed to the position.
How to Build a Career in Banking?
If you have successfully completed your graduation from any institution recognized by the Government of India, you can apply for jobs in the banking sector. You must pass the Common Written Examination conducted by the Institute of Banking Personnel Selection, which can lead to various bank positions such as Clerk, Probationary Officer (PO), Management Trainee (MT), and Specialist Officer (SO).
Eligibility to Become a Bank Manager
To become a manager in a government bank, a candidate must have 60% marks in graduation from any recognized institution, while to become a manager in a private bank, a graduate degree with 55% marks is required.
For the marketing department, the candidate must have an MBA or PGDBM degree with specialization in marketing.
For the HR and Personnel Department, candidates must have a Master's degree in Personnel Management/Industrial Relations/HR/HRD/Social Work/Labor Law. For the IT Department, a 4-year engineering degree or a Master's degree in Electronics, etc., or a DOEACC (NIELIT) 'B' Level certificate must be submitted.
Age Limit for Bank Manager
Candidates seeking to become Bank Managers must be between 20 and 30 years of age. For private banks, the age limit should be between 21 and 30 years. However, SC/ST and OBC candidates are given a relaxation of 5 and 3 years respectively.