Bank jobs, especially for the post of probationary officers, were very popular and next only to the all-India Civil Services about 20-25 years ago. But, thanks to the IT boom, they soon lost steam.
But now the interest is back. Engineers, IT professionals, management grads are all flocking to the banking space for a variety of reasons. “I am looking for a bank job because of financial security and comfortable working hours,” said K. Pratyusha, a former techie with Cognizant and a M.Tech (VLSI Design) from Vellore Institute of Technology
“For women, working hours in IT are not convenient,” she added.
“The career development opportunities and economic environment are behind the current interest in a career in banking,” M. Bhagavantha Rao, Managing Director, State Bank of Hyderabad, said. The security of tenure and unavoidable ups and downs in the IT industry are also luring youth to bank jobs. “The IT/BPO jobs are no longer attractive due to uncertainty and recent dip in remuneration packages,” pointed out C. S. Vepa, Director of National School of Banking.
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