Why bank job is best career for women, and benefits of bank jobs for women
In this article, we are providing you with information on why a banking job is the best career option for women. After India’s independence, many middle-class women applied for admission to schools and colleges. Since the British era, there has been a fascination with banking jobs. Before independence, many British women worked in banks. From that time to the 21st century, the prestige has remained the same. Banking careers and banking jobs are still considered prestigious jobs in India. Due to job security, good salary, safe environment, and facilities, banking jobs are considered good career options for women.
The most prestigious bank in the banking sector is considered to be the State Bank of India (SBI). This is followed by Bank of India, Punjab National Bank, Bank of Baroda, Central Bank of India, and other banks. There are a total of 12 public sector banks in India. Of these, SBI is considered the largest bank.
Women tend to prefer jobs in banks that recruit through IBPS. Conversely, there is less inclination towards jobs offered by the Reserve Bank of India. Many candidates from rural areas also take the exams for Regional Rural Banks.
Research suggests that women are more efficient than men in banking jobs because they can manage work-life balance better. They handle financial transactions carefully. There are many families in the banking sector where generations have pursued careers in banking.
How to get a job in the banking sector?
Banking jobs are divided into two sectors: 1. Government banks and 2. Private sector banks. To get a job in the government banking sector, you have to pass the IBPS exam conducted by the government. IBPS stands for Institute of Banking Personnel Selection. This is an autonomous government organization. Many private and cooperative banks also recruit employees through this exam. IBPS primarily conducts exams for positions such as Clerk, IBPS PO (Probationary Officer), etc. Private and cooperative banks also have many positions for clerk, manager, and other bank staff.
How to pass a bank exam? –
For the various positions offered by IBPS, Regional Rural Banks, and the Reserve Bank of India, you need to have strong knowledge of mathematics and reasoning. A strong foundation in statistics, reasoning, algebra, and geometry is essential. Fast calculation skills and memorization of important mathematical formulas are necessary. Along with this, knowledge of general knowledge, computers, current affairs, history, geography, and economics is also required. Mathematics requires a lot of practice, so focus on solving practice tests. If your math skills are already good, you can pass the exam in a shorter period. The banking sector offers many jobs and opportunities, but people are often unaware of them.
Banking falls under the service sector. Along with banking, the insurance sector also offers good career opportunities. Interviews are conducted for many positions in SEBI and LIC in the insurance sector. Today, the percentage of women in the banking and insurance sectors is high. The salaries and benefits offered to women in the banking sector are similar to those in the insurance sector.
However, if you are considering the banking sector as a career, you need to prioritize mathematics and reasoning above all else. In fact, mathematics and reasoning hold an important place in almost all competitive exams in India.
Many students today start preparing for IBPS PO and Clerk positions from the 11th and 12th grades. The number of girls appearing for banking exams is the highest. Working in a bank is a dream for many women. In India, a bank job is considered one of the most prestigious. With 100 bank holidays in a year, along with other paid leaves, a bank job is considered a joyful profession.
Advantages of working in the banking sector for women:
- Maternity Leave – Almost all women employees in government, private, and cooperative banks receive 6 months of paid leave. This means complete rest and a monthly salary. Even corporate or private companies don’t offer as many benefits as those received by women bank employees.
- Prestigious and Secure Workplace – The work policy of all banks is to finish work between 9 am and 5 pm and go home. Overtime is not mandatory. If there is extra work during the March ending month, they receive full allowance. Today, almost all banks have air-conditioned facilities, which help maintain good health. There is no field work involved.
- Attractive Salary – A good salary is received every month from the time of joining the bank. Many women prioritise bank jobs due to the good and regular salary. The banking sector offers higher salaries than the private sector. Good salary, allowances, and remuneration are provided.
- Good Facilities – Government banks provide housing facilities to officers and employees. If housing facilities are not available through the bank in a particular city, they receive a house rent allowance. The house rent allowance increases depending on the city. That is, a slightly lower allowance in rural areas and a better allowance in metropolitan cities. Some government banks, such as SBI, also provide vehicle services to their officers. Officers are provided with a car by the bank for commuting to and from work.
- Transfer and Job Security – Bank employees are usually transferred after 3 years. Women are primarily given priority during transfers. They are given the freedom to choose their preferred city and branch. Job security is not available in the corporate and private sectors. But everyone gets safe job security in the banking sector.
Conclusion – In our opinion, a bank job is a safe and respectable job for women. Women’s participation is high in the examinations conducted for positions ranging from clerk to bank manager.