Aghil

As a Bank Officer, what is the scope and relevancy of doing an MBA?

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by Aghil
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RE: As a Bank Officer, what is the scope and relevancy of doing an MBA?

Sachin Jakhar
Sachin Jakhar
Verified Career Expert
Vice President at Professional School of Indian Banking
  • Gurgaon
I understand that the reason for such a question is the fact that now days, graduate and post graduate freshers are getting similar roles in banking industry. The reason for this is the fact that normally skills required for Bank officer are very generic and hence PG degree or MBA is not mandatory.

But there are always two aspect to a job:
1. Minimum eligibility
2. Skills required for performance

Now min. eligibility for a bank officer is graduation.
Up-to this point you will think MBA is not relevant, but just wait till we discuss point 2.

Now according to me following are the key skills for a Bank officer:
Banking knowledge: So that one understands the world around himself, and can help his customer make informed decisions.
People Skills:Knowing how to work in a team, how to achieve the result by pooling efforts of a team.
Communication Skills: It include both written and verbal. One should be able to express what he/she wants to communicate both verbally or in writing.
Networking:To be able to connect to various people, have cordial relation with them.

Graduation is minimum eligibility, if you are not graduate you will not get a job, but it doesn't mean that all graduates will get JOB. According to a survey done by aspiring minds 47% graduates are not employable in any sector. But if as a graduate one has all these skills than yes probably his/her PG/MBA might not be of use right now, but as they no education is ever wasted. It will be of use at a later stage in your career.

But the truth is most of the graduates lack on these skills. It is not a show stopper i.e. If you have a job you will be thrown out of the job, but as a fresher your chances of getting job is reduced. Also you will not be able to perform as per expectation or you will not be the top performer.

So how does MBA help, MBA is not the solution to all problems but the generic skills required for banking are enhanced. Now instead of doing MBA if you do a specific PG course it will help you getting a better job in related field. For banking or BFSI, MBA can be the programme to help your cause.

Conclusion:
A exceptional graduate and an average MBA will get similar job in Banking, or both will perform at par as a bank officer. Hope you have a idea why MBA might be relevant.

RE: As a Bank Officer, what is the scope and relevancy of doing an MBA?

Dr. Anand Wadadekar, PhD
Dr. Anand Wadadekar, PhD

Dear Aspirant,

For a person working in a Bank, MBA definitely is a good option and particularly in private banks.

MBA Finance and Banking can definitely help in growth to managerial levels along with core banking knowledge.

Best wishes

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