Promising opportunities ahead in banking sector

Updated on: Tuesday, September 27, 2011

Top officials of the public sector banks are of the opinion that the financial sector, especially banking, will throw up vast opportunities for the eligible and talented youth in the years to come.

At the launch of Recruiters Guide 2011-12 of the Department of Management Studies, University of Madras, R. Varadarajan, Managing Director, REPCO Bank, said there would be vast opportunities available in the banking sector and the challenge before the recruits would be to cater to people with necessities, including families living below the poverty line.

Fresh recruits should be serious about their career for progress, he said asking the youth to enjoy the work and set goals so that they could become leaders at a young age.

V. Ramagopal, Executive Director, Indian Bank, said the students should understand that there was a wide gap between pursuit of academics and a career. Despite all the setback in economies worldwide, there would be no dearth of opportunities. Young recruits would have to be committed, dedicated and sincere, he said.

“The release of placement brochure helps companies to identify and shortlist talent without wasting much time,” said G.R. Gandhi, General Manager - HR, IOB, Chennai.

Rapid economic growth and aggressive technological advancements were bringing about changes in the corporate world and the business schools have the responsibility to create the manpower pool for managerial cadre, he said.

In public sector banks, there would be plenty of vacancies at the officer level with lots of retirements due in the next few years in the posts of assistant managers, managers and deputy general managers, Mr. Gandhi said adding that new specialisations in financial sector like risk management, information technology and treasury were also opening up for those with the required skill sets.

Young recruits should have tactical knowledge, efficient communication skills, flexibility and should be committed to completing the tasks assigned.

For a career growth, mobility would also be essential as the banks were spread across the country.

“Look within yourself. What you stand for is very important. In life, you will always have opportunities,” said M.S. Rangesh, Chief Human Resource Officer, Orchid Chemicals and Pharmaceuticals Private Limited.

Reading from a survey, G. Thiruvasagam, vice-chancellor, University of Madras, said that it was curious to know that whenever there was a recession the number of students joining management programmes increased as many viewed it as the right time to take a break to pursue an MBA to improve career prospects as the economy rebounds.

Promising opportunities ahead in banking sector

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