The BFSI (Banking, Finance, Service and Insurance) sector is expanding rapidly specially after 2007 sub prime crisis. Recruitment in private sector banks have gone up in last few years, specially, after 2008 sub prime crisis. RBI is also planning to give licenses to new corporates to enter into Banking and Finance Sector.
The top 3 private banks in India i.e. ICICI Bank, HDFC Bank and Axis bank have been opening branches at rural areas at rapid pace. The hiring managers at these organisations are trying to place new hires at their respective home states, therefor it is is a golden opportunity for young graduates to start their career in banking sector. The Banking industry expects bulk hiring in the next few years; due to vast expansion strategies. Banks have given these responsibilities of hiring at initial level to specialized banking and finance training institutes and Universities.
How to get a job in ICICI Bank
For example, ICICI bank has tied up with IFBI ( Joint venture of ICICI Bank and NIIT) to hire officers at initial level for Branch Banking and Business Development profiles. A candidate may apply at IFBI ( branches at 70+ locations all over India) and may get an offer letter from them before the training starts. After the training they are placed at their home state or near by locations.
How to get a job in Axis Bank
Axis Bank has tied up with AMITY University, Noida.
How to get a job in HDFC Bank
HDFC Bank has tie up with Times of India group and the institute is called TIMES Pro. The institute is present at 8-10 locations in India.
How to get a job in other Private Banks
As for the Universities, Manipal University in Bangalore has tied up with many Public and Private sector banks for training and posting them at various locations in India. They train candidates in domain of BFSI verticals and then give them interview opportunities with Banks and Insurance industry.
The starting package through these institutes ranges from Rs. 1.8 lakh to Rs. 3.5 Lakh depending on the qualification and exposure to finance industry.
All these Banks hire at junior and middle level positions through training institutes and Universities. For hire level, banks prefer experienced candidates which they prefer to hire through placement consultants. An experienced candidate can also apply through banks website and place his CV. Apart from this various job portals are also fruitful like naukri .com or monsterindia .com, where a candidate can register and hunt for the jobs available. Human Resource department of private sector banks always are in search of candidates who have experience for the required position and go through these job portals. Website like Linkedin is also helpful to remain in contact with corporates as many jobs are listed on this site along with contact person.
Saurabh Khanna
Sr. Academic Trainer
Institute of Finance, Banking and Insurance
Hi,
y banks are keeping 25yrs as maximum cutoff for enrolling into the said private banks.
Why is 18 the marriage age for female and 21 for male? some why’s don’t have and answer, we just have to accept it.
You can try for SBI PO (age limit 30 years) or IBPS (age limit 28 years)
Regards
Aparna