Banking Sector Hiring To Grow By 30%
According to the industry experts, 2013 will see the rise of hiring in PSU by 30%, a good sign for young aspirants. “The hiring scenario in the banking sector is extremely positive this year and is likely to be 80,000 to one lakh jobs, which is 25-30 per cent more than last year,” said skill development firm TalentSprint MD and CEO Santanu Paul.
This sudden in hiring is mainly on account of both PSU and private lenders becoming bullish on branch and portfolio expansion, besides retirement and attrition factors.
The Reserve Bank of India, on the other hand, has announced about giving license to new banks to operate by the end of FY 2013-14. Another major reason behind hiring is the PSU banks adding more than 8,000 branches in the current fiscal year, also private banks, rural banks and foreign banks are expanding their own branch network that will boost job opportunities in banking sector.
Private sector lender ICICI Bank hiring this year will be about 5,000-6,000 as attrition and retirement is a common phenomenon every year. “Our net hiring this year will be 5,000-6,000 due to expansion, attrition and retirement,” ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar said.
(checkout our article on ICICI Bank PO Recruitment)
IDBI Bank Deputy Managing Director, M O Rego said 75 per cent of the bank is corporate and 25 per cent is retail with only 38 branches mainly in the metros and state capitals.
“We were mainly into wholesale, but with retail expansion we expanded our branches and this year we are planning to add 300 branches across the country, for which we will need to recruit 2,000-2,200 people,” Rego added.
To manage this increase in hiring and include every part of the country, the number of examination centers will be increased to 210, compared to 45 last year.
Engineering Graduates Find Banking Sector Attractive
With banking sector growing in the faster phase, bank jobs seems to be drawing young graduates, especially engineering graduates attention towards it.
According to the recent survey by TalentSprint, large number of banking career aspirants holds a BTech or degree in an engineering stream. In addition to this, large number of science graduates, too, aspires to join bank jobs.
The report said, “About 78% of respondents see banking as a dream job, more than half of them are engineers.” Adding to it, the report also said that 80% of women respondents think banking is a dream job, compared to 77% men.
Nearly three out of four respondents expressed that they need professional training to get a banking job. However, one out of every four respondents expressed their desire to get banking jobs after getting all required training.
Comparing classroom sessions and online training, 54% believes the latter is more effective, while 10% believe the former is quite effective to get training. The survey was conducted online last month that involved 1,252 respondents in the age group of between 20-30 years in both metro and non-metro cities.