The banking sector is an important part of the service sector of an economy and it is one of the most dominant segment of the financial sector. It is a well-known fact that the majority of the Indian population wants a career in government jobs and considers them to be secure. Jobs in the banking sector is a top priority for many. The banking sector employs a large chunk of the population. The banking sector is highly regulated and rewarding which makes it one of the top choices for applicants. The jobs in both public sector bank as well as the private sector bank are well paid and offers good growth opportunities for their staff. The process of selection is based on multiple examinations and interviews. Let us discuss the top 10 highest paying banking jobs in India.
TOP 10 HIGHEST PAYING BANKING JOBS IN INDIA
An auditor is accounting specialists who prepare and examine financial records. They are entrusted with the task of checking and maintaining financial records, prepare tax returns and examining financial statements to comply with laws and regulations. It is a complex career path that involves multiple roles but is paid a hefty amount of money. If the applicant is applying for a private bank, he/she needs to have a Chartered Accountant degree by ICAI, and on the other hand, if he/she is applying in a public bank then a CA degree along with cracking IBPS exam is mandatory.
SALARY- 3,50,000-6,00,000 pa (source- talent.com)
2. SBI PO
SBI is the oldest commercial bank of the Indian subcontinent making it the most trustable bank. It is a public sector bank that was found in 1806. SBI recruits candidates on the basis of an examination. The examination is a 3 stage process ie
- Preliminary Examination
- Mains Examination
The candidate has to qualify for all three stages to be selected. SBI is a highly reputed bank and offers handsome salary to the staff making it the top choice of the candidates. Candidates passed/appearing in the final year with 21-30 yrs. of age are eligible for the exam.
SALARY- Rs. 42,000- Rs. 47,000 pm (source: as per internet)
3. RBI Grade B
Reserve Bank of India (RBI) is India’s central bank which is the lead governing and regulating body of the entire banking system of India. The selection is based on an annual examination that tests the candidates at various levels. The exam is a 3 stage process which is Tier 1, Tier 2 and Interview. The educational qualification differs as per the category in which a student is applying. The various categories in which the form is filled are General, Department of Economic Policy & Research (DEPR) and Department of Statistics and Information Management (DESM).
SALARY- Rs. 75,831 pm (inclusive of emoluments) (source- as per internet)
4. NABARD Grade A & B Officer
National Bank for Agriculture and Rural Development is a regulating body for the overall regulation and licensing of regional rural banks. It aims to promote sustainable agriculture and rural development. Its mandate is to bring rural prosperity through credit and non-credit initiatives in the field of agriculture, village industries, handicrafts, cottage and small scale industries. Both of them are managerial posts and the daily tasks include maintaining customer support, monitoring the accounting procedures, enabling smooth functioning of the office etc. The selection is based on a three-phase process that is prelims, mains and interview.
SALARY- Rs. 46,600 for Grade A & Rs. 55,600 for Grade B (source- as per internet)
5. Finance Advisor
A financial advisor in a bank is a professional who gives financial advice to their clients and helps them in making the best financial decisions. They help the clients in making the best decisions related to debt, investment, loans, insurance etc. Eligibility for this varies but generally a degree in finance, business, economics, law or accounting is required.
SALARY- Rs. 6,00,000 pa (source- as per internet)
6. RBI Assistant
RBI Assistant is tasked with works like data entry, ledger maintenance and regular balance tally. The eligibility criteria is cracking an exam for which graduation with at least 50% marks is required.
SALARY- Rs. 34,000 pm (source- as per internet)
7. NABARD Development Assistant
NABARD Development Assistant is a clerical and assistant level position who are tasked with handling day to day operations in the bank. A two-tier exam is conducted for the same which consists of a preliminary and a mains examination. The eligibility criteria is graduation in any stream with at least 50% marks.
SALARY- Rs. 32,000 pm (source- as per internet)
8. IBPS PO
IBPS PO is quite similar to SBI PO but it is conducted by The Institute of Banking Personnel Selection (IBPS). The responsibilities include customer service, handling cash, payment clearances etc. The IBPS (PO) exam is conducted for the post of probationary officers at all the public sector banks except SBI. SBI conducts a separate exam for this post. The exam is divided into 3 phases i.e. Prelims, Mains and Interview. The eligibility for this is graduation in any stream
SALARY- Rs. 39,000- Rs. 42,000 pm (source- as per internet)
9. IBPS RRB (PO)
Institute of Personnel Selection Regional Rural Bank conducts an exam for the post of Probationary Officer every year. The daily tasks involve disbursing loans, monitoring credit portfolio, restructuring loans and NPA’s recovery. The job location for this is rural areas of the country. The pre-requisites for this job is graduation in any stream and qualifying for a two-tier exam i.e preliminary exam and mains exam.
SALARY- Rs. 35,000- Rs. 38,000 (soure- as per internet)
IBPS CRP, CWE Clerk Recruitment Schedule 2023: Click Here
10. SBI Clerk
This is an annual exam conducted by SBI for the recruitment of Junior Associates. The responsibilities include Customer dealing, handling cash counters, assisting the manager and customers and opening bank accounts. The exam is divided into two phases i.e. Preliminary exam and the Mains exam. The eligibility for this exam is graduation in any stream.
SALARY- Rs. 23,000- Rs. 26,000 pm (source- as per internet)
SBI Clerk Recruitment 2023: Click Here
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