How can I switch to high paying jobs in foreign banks (preferably abroad) after working in a public sector bank for two years?

Updated on : December 6, 2021 by Yandel Hartman



How can I switch to high paying jobs in foreign banks (preferably abroad) after working in a public sector bank for two years?

  1. Two years of experience so you will likely need to join as a PO at the bank and have now completed your trial period.
  2. Working abroad is a very different and difficult scenario now if you are not working in a multinational company.
  3. You need to have some specialized knowledge of some domain. It can be in treasury, credit, forex or other. A general experience will not produce the desired result.
  4. The place of your title matters a lot to them. So any fancy IIM, XLRI will give you better opportunities than any other university. If you are a professional like CA, you still have your opportunities.
  5. Luck favors the brave, until
Keep reading
  1. Two years of experience so you will likely need to join as a PO at the bank and have now completed your trial period.
  2. Working abroad is a very different and difficult scenario now if you are not working in a multinational company.
  3. You need to have some specialized knowledge of some domain. It can be in treasury, credit, forex or other. A general experience will not produce the desired result.
  4. The place of your title matters a lot to them. So any fancy IIM, XLRI will give you better opportunities than any other university. If you are a professional like CA, you still have your opportunities.
  5. Luck favors the brave, until then always update and improve your knowledge and communication skills and keep applying for a job. Look for some references as it really works in the business world.

I would say that it is almost impossible to move directly to a foreign bank abroad. Certainly there are options to move to a foreign bank within India, from a PSB; It is totally untrue that they only hire IIMs, that is only for on-campus placement. I know people who have moved from the SBI treasury to the Citibank treasury as Chief Distributor (tomorrow, Citibank's workshop, THE INDEPENDENT - Basudev Bhattacharya), for example. So while you haven't mentioned where in the bank you have experience, your best bet will be to try opening a bank here, and after a year or two, look for options abroad within that bank.

Google it !

Private banks, especially foreign ones, don't go up unless you graduate from a higher MBA. I am currently in HSBC (software development) and in the banking sector they hire IIM's.

Thanks

Sandeep satone

Techno Sandy

Yes …. Like any other job, the Bank Officer job is fraught with risks to life and property ... but tell me a profession in which the life and property of the holder are not threatened ...

The advantage with the bank is that there is a margin for the holder to avoid risk;

The rules and code of conduct under which an officer works give him the opportunity to save his skin; As long as you are operating within the prescribed rules of conduct and service, you can get out of the way of imminent risk….

As long as there is no reason to defraud or defraud the bank or the customer, and your

Keep reading

Yes …. Like any other job, the Bank Officer job is fraught with risks to life and property ... but tell me a profession in which the life and property of the holder are not threatened ...

The advantage with the bank is that there is a margin for the holder to avoid risk;

The rules and code of conduct under which an officer works give him the opportunity to save his skin; As long as you are operating within the prescribed rules of conduct and service, you can get out of the way of imminent risk….

As long as there is no reason to defraud or defraud the bank or the customer, and your act is free from negligence on your part, you can remain outside the circle of risk; I can say this outside of my extensive service with the bank (over 28 years);

But where does the real risk come from ...? (let me assure you that there are many to list here, to mention just a few)

  • the unhappy customer
  • the boss with questionable integrity
  • peer pressure or misrepresentation by peers or others at the banks
  • the intermediaries that are the nexus between the client, the bank and the boss (the political or local bosses in society)
  • lack of knowledge of banking and correct procedures; ignorance is not a blessing in the banks
  • a sense of adventurousness in the officer - whatever the attitude….
  • our own weaknesses - succumbing to temptations, overlooking risks
  • our own financial failures - large loans

My suggestion is to maintain your integrity and sincerity above work (although it is a big challenge); Initially it will be difficult, but in a year or two people know about you, and stay away from you …… .we lose not because of the trick of others but because of our own failures. The stakes are many in the domain, but the thrill of keeping them at bay is more overwhelming;

You need to develop the soft skills of interacting with people at different levels ... learn to say 'no' without hurting the person you are talking to; with some it has to be a firm "NO" and with some an apologetic "NO", but NO will remain NO, it should never become YES due to external pressure …….

Even after 15 years of my retirement from banking, I still appreciate every moment of working with my bank.

Unless you don't like what you do, it is better to quit smoking and do something you like.

This is the first word I can give.

But, there is a bit more I would like to say about it, as I am also a 27 year old PO and I work in a nationalized bank.

To be frank, I work in a branch that runs a total business of Rs 120 crore on its balance sheet. The most disappointing thing is that I have been in charge of the branch for the last five months as the regular manager is on leave due to some personal issues. It means that I have been managing the branch in the last fiscal year end time, which of course is so

Keep reading

Unless you don't like what you do, it is better to quit smoking and do something you like.

This is the first word I can give.

But, there is a bit more I would like to say about it, as I am also a 27 year old PO and I work in a nationalized bank.

To be frank, I work in a branch that runs a total business of Rs 120 crore on its balance sheet. The most disappointing thing is that I have been in charge of the branch for the last five months as the regular manager is on leave due to some personal issues. It means that I have been managing the branch as of the last fiscal year ending time, which of course is a crucial thing as far as the banking industry is concerned as it is the last stage of its target achievements, with a newly appointed PO and newly transferred employees, thanks to sudden orders from the vigilance commission as a result of the PNB fraud case.

There were days when I was questioned about my plans to achieve the goals.

There were days when some troublesome clients screwed me up.

They were very cumbersome moments in which I had to go to recover, ALONE, WITHOUT KNOWING THE LOCAL LANGUAGE.

And I even had to face a complaint against me.

It ran like anything else on the branch, as well as in the field.

IT WAS MARCH, DEAR

Deposits, Advances, Death Claims, KYC Compliance, KYC Record Update, NPA Tracking, Recovery, Government Schemes, Internal Management, Cash Management, Complaint Repair, Responding to Calls and Emails from Senior and Senior Officials, Training New Personnel, Settlements, Management ATMs, Passbook Update Machine Management, Networth Customer Belt Increase, Inspection-Oriented Compliance, Completion of Various Data Management Systems, etc., etc., etc etc.

It ran like anything, ALONE.

But, the respect that I enjoy in the society where I work, in the family to which I belong, after all the recognition from the highest authorities for managing a branch to achieve 13 paramets of the 9 last year, made me happy.

And of course, having grown up in a very poor family, the gleam of pride in my parents' eyes when they talk about me fades all those difficult memories of the day.

And the last one, I barely completed a year and 4 months at the time.

And most importantly, I AM A GRADUATE IN A SUBJECT OF BIOLOGY.

I still love my job. However, it is a fact that there is great pressure on this. It is only because we deal with public money.

So go ahead. Try to learn. You have an incredible profession that is very difficult to get. We are all moving forward, so you can too.

I have 37 years of experience and exposure in banking. I have worked in different capacities from administrative to manager. And the working environment started with the manual system (it means ledger maintenance, records in ALPM (advanced ledger accounting machines), then network branches (Linux / Novel) and finally it was CBS (Core Banking System) Once again, I was in general banking during my office and officer periods. Then, during my work as an officer, I was called to report as a Technology Management Officer to migrate the branches to the CBS environment. Then, I was delegated to a institute to manage

Keep reading

I have 37 years of experience and exposure in banking. I have worked in different capacities from administrative to manager. And the working environment started with Manual system (it means General Ledger Maintenance, Records to ALPM (Advanced Ledger Accounting Machines), then Network Branches (Linux / Novel) and finally it was CBS (Core Banking System Once again, I was generally banking during my office and officer periods. Then, during my work as an officer, I was called to report as a Technology Management Officer to migrate the branches to the CBS environment. Then I was delegated in an institute to manage CSR activities, where he was generally at the Institute.

In this context, I understand you and your current job. But the problem is different, as I faced a variety of problems at different levels in my career. And the environment was completely different and the entry of electronics to the bank has made life miserable.

I don't mean that computers made life miserable. No. It is the mindset of management, you and your colleagues (employees) and customers are responsible for the current situation. We were also responsible, as the problem was brewing during our time as well.

The current age is the digital age. Everyone is always browsing with systems of smartphones or laptops or the like. The current age wants everything fast. But nobody is interested in doing anything, but they need the remuneration. Banking work really needs to know only 4 math facts (add, subtract, multiply and divide). The officer needs to know some basic analytical knowledge. But due to the entry of qualified personnel with a lazy attitude, an atmosphere of infidelity was created in the banks. We were thinking about the growth of the bank, as we had no choice after a certain age but to hold on to our work just for our survival. But these days tech graduates enter the bank and have the option to jump from one organization to another,

Management staff are NOT tech savvy, which also leads to unexpected demands from subordinates. They try to create fear-psychosis among subordinates to hide their own weaknesses.

And the issue of increased delinquency is created by the Government through the LOAN-MELA and LOAN-WAIVER process system. The current government is trying to appease the business community. All of these factors affect bank officials.

But now, all institutions have the same problem. By changing jobs, you can never be happy. Try to enjoy your life.

You may have waited for some guidance for your inquiring mind at this point, but I find that no job is pleasant. Happiness is just the state of mind. You can never get happiness elsewhere. Society is modified or transformed overnight through certain actions. Demonization has affected everyone, and everything continues to run smoothly.

When the taxi does not avoid anything, then it is advisable to try to enjoy it.

What do you say ?

It does not make sense to leave a secured job with regulated hours, leave, uniform transfer policy, periodic salary review in a five-year interval with pension and other terminal benefits in search of uncertainty.

In public sector banks we get a lot of invisible earnings like subsidized home loans, vehicle loans, interest-free festival advance, fuel allowance, educational allowances for two children in case of intermediate academic transfer, full medical benefits for you and your family and travel concessions. that are not reflected in the salary structure.

If you want to improve your career, you can

Keep reading

It does not make sense to leave a secured job with regulated hours, leave, uniform transfer policy, periodic salary review in a five-year interval with pension and other terminal benefits in search of uncertainty.

In public sector banks we get a lot of invisible earnings like subsidized home loans, vehicle loans, interest-free festival advance, fuel allowance, educational allowances for two children in case of intermediate academic transfer, full medical benefits for you and your family and travel concessions. that are not reflected in the salary structure.

If one wants to enhance their career, they can submit CAIIB and MBA programs carried out by the Indian Institute of Banking and Finance immediately or executive MBA programs carried out by other universities after three years of banking experience. Passing the AIB (London) exam is a lifetime achievement.

This will help the employee for internal promotions and lateral migration to higher positions in other banks. All said and done, a directly hired official has every chance of retiring as a bank's DGM / GM.

Power and prestige are other hallmarks of a public sector executive in India. However, if one intends to leave PSB, they can do so and apply to a PVB by giving their job profile if necessary when such notifications are posted.

The above officers were recruited only at the junior management grade. Now, public sector banks are also offering direct employment in middle and senior management. Therefore, for both beginners and experienced people, career opportunities are available in public sector banks. To meet their manpower needs, these banks are currently hiring a large number of administrative and official staff.

With some experience, one can expect to join a public sector bank on a higher scale. Most of the vacancies in higher scales exist in Middle Management Grade II or III. Of course the candidate must comply

Keep reading

The above officers were recruited only at the junior management grade. Now, public sector banks are also offering direct employment in middle and senior management. Therefore, for both beginners and experienced people, career opportunities are available in public sector banks. To meet their manpower needs, these banks are currently hiring a large number of administrative and official staff.

With some experience, one can expect to join a public sector bank on a higher scale. Most of the vacancies in higher scales exist in Middle Management Grade II or III. Of course, the candidate must meet the eligibility criteria regarding age and qualification. The experience required for higher scales keeps changing from bank to bank, it can be a year or more. Professionally qualified people (with qualifications like MBA, CA, etc.) have more possibilities in this regard.

As far as I know, No. In Kerala, state government positions are filled only through Public Service Commission tests. Once you are selected, you must resign from the bank and join the state service. But the salary will be according to the salary scale for that particular position. If you already work in the state service, you can keep your seniority and your pay. But that is not applicable to central service and central PSU / PSB. But there are some state UPMs where they hire themselves and need people with banking experience. In that case, you can get salary protection to a great extent. But that will be case by case b

Keep reading

As far as I know, No. In Kerala, state government positions are filled only through Public Service Commission tests. Once you are selected, you must resign from the bank and join the state service. But the salary will be according to the salary scale for that particular position. If you already work in the state service, you can keep your seniority and your pay. But that is not applicable to central service and central PSU / PSB. But there are some state UPMs where they hire themselves and need people with banking experience. In that case, you can get salary protection to a great extent. But that will be case by case. This is the case in Kerala. You have to confirm with your state government.

Since you have not provided the details of your education, I assume you are a business student.

1. You can apply for various exams like ssc where you can join whatever sector you want to work in. Personally, I believe that SSC is the best opportunity for people who are not in the private sector.

2. Since he left the public banking sector, I do not think he will rejoin any banking opportunity. There are many BA (Business Analyst) companies like exl, 3 sc solutions that want candidates for faster reasoning and calculation U can surely join them.

3. Think differently and be an entrepreneur ... it seems difficult but full satisfaction and free

Keep reading

Since you have not provided the details of your education, I assume you are a business student.

1. You can apply for various exams like ssc where you can join whatever sector you want to work in. Personally, I believe that SSC is the best opportunity for people who are not in the private sector.

2. Since he left the public banking sector, I do not think he will rejoin any banking opportunity. There are many BA (Business Analyst) companies like exl, 3 sc solutions that want candidates for faster reasoning and calculation U can surely join them.

3. Think differently and be an entrepreneur ... it seems difficult but full satisfaction and freedom that you will never practice anywhere else ...

1. Higher remuneration: Remuneration in private sector banks is double or slightly compared to similar job profiles in public sector banks. The downside to private sector jobs here are overly ambitious business goals, long work hours, accompanying stress, and lack of job security.
2. Growth prospects: rapid growth in the private sector for the deserving.
2. No pension: In India, public sector banks eliminated the post-retirement pension in 2004, which was previously an attractive component of compensation.

Working in a public sector bank is a huge disadvantage to get into multinational banks (even Indian private banks) as it is impossible to expect that you will unlearn everything you are doing in a psu bank and start over there. See if they have acquired any special skill sets at the bank, such as capital markets, treasury operations, currency trading, etc., that may be of interest to them. As a deputy director, if you have joined the bank as a probationary officer, you should think about doing an MBA at one of the best B schools to change your career.

Other Guides:


GET SPECIAL OFFER FROM OUR PARTNER.