Wednesday, 1 February 2017

Choose the Right Bank Exam for your Banking Career


The banking sector is growing leaps and bounds creating employment for a large number of people. The reason for this huge demand is that the banking sector too, like any other industry, has many job opportunities in different cadres. However, irrespective of the cadre, the one thing that is mandatory for all those who are applying for a bank job is to clear the bank exam.

Bank Exams Practice Kit

So, from clerical level to probationary officer or regional to national banks, here is a look at some of the key exams that one can opt for:
  1. Probationary Officer: Individuals who wish to join at the probationary/management trainee level must appear for the common written exam, conducted by the Institute of Banking Personnel Selection (IBPS). This exam is approved by 22 public sector banks and the managing committee of the Indian Bank’s Association with the consent of the Government of India. The exam is conducted in two phases: Preliminary exam of 100 marks that consists of 3 papers viz., Reasoning Ability, Quantitative Aptitude, and English. The Main exam is of 200 marks and covers Reasoning, English, Quantitative Aptitude, General Awareness, and Computer Knowledge. In addition to the common exam, State Bank of India conducts a Bank PO exam for probationary officers. This test comprises of a written test divided into two phases. Phase 1 consists of objective questions whereas phase 2 is a descriptive one.
  2. Clerical position: IBPS conducts a common written exam i.e. CWE-IV that is mandatory for individuals opting for a clerical post in public sector banks. These exams are usually conducted between November/December every year. People shortlisted in the entrance are later called for a common interview that is held by the participating banks. Depending upon the vacancies and various reservation policies, jobs are allocated to the selected candidates. In addition to this exam, State Bank of India conducts an objective type test that covers General Awareness, General English, Quantitative Aptitude, Reasoning Ability and Marketing Aptitude/Computer Knowledge.
  3. Private banks: Private banks like ICICI, HDFC, and others conduct bank exams. The selected candidates then undergo an exclusive full-time training program at reputed institutes.
  4. Common Written Exam for rural banks: Individuals at the regional level looking for bank job opportunities at the regional level must appear for the Common Written Exam conducted for officers for scale I, II, and III.
  5. Exam for Specialist Officers: Public sector banks also need specialist officers with functional competencies in the area of Marketing, HR, Law, IT, etc. At that time, they hold Common Written Exam for Specialist Officers in coordination with IBPS. The notification comes out only when there are vacancies for such posts.
Thus, depending upon the category and banking sector you wish to join, you can opt for the bank exam of your choice. Bank exam notifications are intimated online and also on the official websites of the banks.

Competition has made these exams tough to pass. It is necessary to undergo a thorough training to clear Bank PO exams. It is always advisable to approach Institutes with expert faculty who have enough experience to coach and guide you to success in Bank exams in the very first attempt.

Bank and SSC Preparation
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