Many people are turning their career towards the banking sector and there is a reason for it. India is considered as the hub for IT companies and many multinational corporations in the IT sector have opened major branches across India. Although IT sector is doing well in the market, the attrition rate of these companies is really high as many software engineers and developers are either changing their field or company due to lack of security and lack of work-life balance.
Banking jobs have been considered as the most secure job when compared with other fields. Whenever there is a change in the economy, other sectors might get affected due to the changes but these factors do not cause any trouble in the banking sector, hence creating a safe and secure working environment for the employees. More job opportunities are opening up when compared with other sectors and the salary options are attracting a lot of youngsters these days.
Due to heavy workload, stress, unusual working hours and lack of personal time, youngsters are trying to find a secure job which will also provide them with some ‘Me-Time’ which will help them explore new courses which might be useful in the field of financing. It also helps them to de-stress from work and get back to work with a fresh mind. Since the banking sector is moving towards a digital era, it helps in creating challenging job opportunities for people in different fields like web page designing, coding, graphics designing, developers and other people from different fields can apply for the job. From administration to media relations and marketing, anyone from any stream or graduate/postgraduate program can apply for a job.
The career growth in the banking sector is immense as there are multiple branches across the nation and new ones keep opening up, traveling due to work will also help you explore new places in the country, hence promotion will not be a problem in this sector. Banks under the RBI jurisdiction have proven to provide great benefits to the employees, during their tenure, and after the retirement.