Vipin Lohat

I want to change sector from Insurance to banking.Is this possible? If Yes,How i become a part of any bank Private or Public and which post suitable for me further

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by Vipin Lohat
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RE: I want to change sector from Insurance to banking.Is this possible? If Yes,How i become a part of any bank Private or Public and which post suitable for me further

Deepti Sharma
Deepti Sharma
Verified Career Expert
Career Counselor & Volunteer at Manovikas Kendra
  • Hyderabad

Hi


Vacancies and exams for various private and govt. banks are frequently published in newspaper. Bank PO, Assistant manager positions can be taken. You need to be a graduate and pass the entrance test and interview to attain the post.

Good luck

RE: I want to change sector from Insurance to banking.Is this possible? If Yes,How i become a part of any bank Private or Public and which post suitable for me further

Reena Saxena
Reena Saxena
Verified Career Expert
Founder - ReInventions (Professional Banker, Career & Image Coach
  • Gurgaon

Bankers welcome people from insurance,

  1. who are good in sales
  2. who can do investment planning for their premium clients
  3. who can manage portfolios.

It will help if you arm yourself with a Certified Financial Planner course, which takes you into wealth management from insurance.

Most of the public sector banks recruit through entrance examinations for the general stream. There is no specialized recruitment for wealth management. If you wish to get into general banking, and you are within the age limits, you are free to appear for the Probationary Officer Entrance Examinations.

Certain banks onboard people through a Diploma in Banking course in association with Sikkim Manipal University, with assured placement at entry level. The cost is in the range of Rs. 3- 4 lacs for a one year course. If you stay for 5 years in the same bank, some banks might reimburse this cost at a later stage.

Private sector banks appear to be the best bet for entry into the banking sector.

New payment banks like PayTM have huge plans for entering the wealth management sector.

Digital companies (these are not banks) will offer wealth management products on a large scale.

Banking related startups like Bankbazaar and Policybazaar need your expertise.

Banking BPOs need people with domain knowledge, to design their processes, and train the people.

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