I have been working in a PSU bank for 4 years and I want to leave the banking sector. What are my options?

Updated on : December 3, 2021 by Frank Fitzgerald



I have been working in a PSU bank for 4 years and I want to leave the banking sector. What are my options?

After working for 4 years, if you want to quit the job at the bank, the following are the reasons:

1. You have committed to your passion and now it is intolerable that you continue.

2. He does not like to serve the public that comes for minor inquiries and ends up with arguments. Treat them like your own parents, siblings, and friends.

3. You do not gain the necessary experience compared to your colleagues or lot mates.

4. You do not like the current working conditions, it may be due to a rural position or working late due to a shortage of staff or your boss is domineering by nature.

A tip for you- S

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After working for 4 years, if you want to quit the job at the bank, the following are the reasons:

1. You have committed to your passion and now it is intolerable that you continue.

2. He does not like to serve the public that comes for minor inquiries and ends up with arguments. Treat them like your own parents, siblings, and friends.

3. You do not gain the necessary experience compared to your colleagues or lot mates.

4. You do not like the current working conditions, it may be due to a rural position or working late due to a shortage of staff or your boss is domineering by nature.

A tip for you: the situation will change. People will come and go. You will be transferred to different locations for administrative reasons. Whatever work you do in your life, the only option is: If you are going to be happy, only you can be successful. The opposite is a myth.

Multiple choice:

Financial analyst in IT companies as many have pointed out.

2. You can join KPO, BPO where it is valued.

3. You can start teaching at the training center for PO jobs, which pay a lot more.

4. Write MBA exams and you will have an advantage in the interview, if you get a good percentile.

5. Preparations for civil service. I guess you are around 27 years old. So, knowledge of banking in particular and the economy in general will help you. This year, one of my bank officers earned approximately 400 ranks at UPSC.

6. Crack GATE, enter the technical field of your core engineering. Also, many power supplies are contracted only through GATE.

Then,

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Multiple choice:

Financial analyst in IT companies as many have pointed out.

2. You can join KPO, BPO where it is valued.

3. You can start teaching at the training center for PO jobs, which pay a lot more.

4. Write MBA exams and you will have an advantage in the interview, if you get a good percentile.

5. Preparations for civil service. I guess you are around 27 years old. So, knowledge of banking in particular and the economy in general will help you. This year, one of my bank officers earned approximately 400 ranks at UPSC.

6. Crack GATE, enter the technical field of your core engineering. Also, many power supplies are contracted only through GATE.

So, many opportunitiesopportunities. You need to decide what you want to do.

Well, go down the options:
1. Go to the IT sector as they hire banking professionals for your relationship, mngmnt plus software development in the banking sector

in case you intend to stay in the banking sector.
2. Apply for some private banks like HDFC, stndard chrtd, HSBC ... but make sure you have knowledge of ur domain
3.if or willing to move abroad, then banks in various countries with large indigenous population like UAE, Qatar , Yemen, Bahrain, etc go to various job consulting in Mumbai
go something else for MBA fm some ivy league university or government work (SSC / upsc / state pcs)
I hope the answer is satisfactory ..c

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Well, go down the options:
1. Go to the IT sector as they hire banking professionals for your relationship, mngmnt plus software development in the banking sector

in case you intend to stay in the banking sector.
2. Apply for some private banks like HDFC, stndard chrtd, HSBC ... but make sure you have knowledge of ur domain
3.if or willing to move abroad, then banks in various countries with large indigenous population like UAE, Qatar , Yemen, Bahrain, etc go to various job consulting in Mumbai
go something else for MBA fm some ivy league university or government work (SSC / upsc / state pcs)
I hope the answer is satisfactory ... greetings !!

You might consider small and medium-sized IT companies looking for people with banking experience to manage their banking relationship.

Not many

edit: I recently came to know that there are many. Infosys tcs, etc. all hire bankers for their knowledge of business rules for their banking solutions software. If you belong to IT, then it is a plus point

Simple private banks or mnc banks, especially, you have skills and experience in all segments of the psu 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

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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 running 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 Staffing, Clearances, ATM Management, 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.

Your situation reminded me of mine. Until a year ago I was working for the middle management at Axis Bank, I was 26 at the time and I was also frustrated with my job. It was stressful, the hours were a pain and the management was horrible and people treated me like trash. It weakened me mentally and physically. When I made the decision to quit my job, people asked me to stay behind and put up with it. That was not the answer I wanted to hear at the time and maybe you are feeling the same. So I got a job in another industry (not banking) and quit. It was the best decision I made and it was finally

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Your situation reminded me of mine. Until a year ago I was working for the middle management at Axis Bank, I was 26 at the time and I was also frustrated with my job. It was stressful, the hours were a pain and the management was horrible and people treated me like trash. It weakened me mentally and physically. When I made the decision to quit my job, people asked me to stay behind and put up with it. That was not the answer I wanted to hear at the time and maybe you are feeling the same. So I got a job in another industry (not banking) and quit. It was the best decision I made and I was finally satisfied and happy.

But here are 3 things you want to know before you quit:

1) When you change industries / jobs / sectors, your past experience may not be taken into account, and most of the time you will be paid less.

2) Although I don't feel as stressed out as I was with goals and sales, I do face financial stress here. I have less job security. There is always stress anywhere.

3) Always look for a higher designation in the new job.

On the other hand, my friend from SBI was in the same situation and requested an early transfer. It worked!

Try to avoid negative conversations from people complaining about their work, if you feel homesick, go home for a while. Write internal promotion exams. Try a role change. Find out why you are being stressed and if quitting your job is worth it. Most of the time, a reporting manager is the reason for stress. Talk to RR. H H. HR at PSU is much better than HR in private sometimes.

Remember that you will not be in this situation forever.

But one thing I would swear by is to always get a job before I quit one. Be realistic. Be wise. Don't let your pain control you.

Change your neighborhood !!!

Dude, to me you are a rock star (although I might envy you in private) it took me 12 years working in a private sector to get your salary. So far, you are more successful than me. I work as a Senior BA in one of the best software consulting firms. Imagine what it will be or what you can win if you keep up the pace for the next 12 years. The world is at your feet.

Of course, PO or PCS bank (UPSC or State) are good options (safe, secure, and service oriented).

Remember that these jobs do not add weight to your educational level once you join the service.

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Change your neighborhood !!!

Dude, to me you are a rock star (although I might envy you in private) it took me 12 years working in a private sector to get your salary. So far, you are more successful than me. I work as a Senior BA in one of the best software consulting firms. Imagine what it will be or what you can win if you keep up the pace for the next 12 years. The world is at your feet.

Of course, PO or PCS bank (UPSC or State) are good options (safe, secure, and service oriented).

Remember that these jobs do not place a premium on your educational level once you join the service. All are equal; The IIM swoons like you and any other college graduate.

Usually your promotions are fixed, which means that you are eligible for promotion after you have spent X years in a current position.

Wages and raises are linked to inflation. Regardless of your exceptional performance or the pathetic performance of your colleague, the salary and raises are the same. There are no bonuses or incentives for performance.

Of course there is power in some of these jobs: People pretend to respect you in front of you. And it can flaunt its power and social recognition in front of vulnerable sections and young colleagues where the "mai baap" culture exists.

Be prepared for transfers and relocations (abrupt and planned), consider this after having a wife and children.

Some of these jobs come with benefits like housing, helpers, cook, government-paid car, and driver, etc.

There is no option to leave and rejoin government jobs at a later date. Once you leave, you leave or stay until your retirement.

Traveling the world is difficult, either personally or officially, unless you join the Foreign Service of India. In the case of a bank purchase order, it can happen based on age.

I will not talk about bribes and extra money, as that is not why the machinery of government exists.

All the best and weigh all the options carefully.

Indian banking has undergone a tremendous makeover over the past decade, creating many opportunities for young graduates. Technological changes have created a demand for well-informed candidates to join new age banking.

As a freshman in Banking India, there could be two possible job profiles that you may need to understand:
1.
Banking 2. Banking Sales Services

Banking operations:
includes all routine day-to-day bank jobs, such as payments, receipts (in the form of cash, checks, DD, money orders, wire transfers, etc.) and your data entry in the books / journals ( now almost entirely D

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Indian banking has undergone a tremendous makeover over the past decade, creating many opportunities for young graduates. Technological changes have created a demand for well-informed candidates to join new age banking.

As a freshman in Banking India, there could be two possible job profiles that you may need to understand:
1.
Banking 2. Banking Sales Services

Banking operations:
includes all routine day-to-day bank jobs, such as payments, receipts (in the form of cash, checks, DD, money orders, wire transfers, etc.) and your data entry in the books / journals ( now almost entirely done through the computerized data management system).
This can be further classified in terms of:
A) Assets (which includes loans)
B) Liabilities (which includes deposits such as DF, checking accounts and savings accounts, etc.)
The operations and services of the Bank may vary according to the type of client. a) Retail customers (mostly individuals) b) Business houses (companies / companies, government organizations, etc.)


The workforce in Bank operations includes:
Reception Officers (Secretaries / Assistants / Officers) -> Authorities (Deputy Manager / Dy Manager) -> Decision Makers (Branch Managers / General Managers / Regional Managers) -> Creators of strategies (President / Area Manager) Boss-> CEO / MD)

Bank sales services
In addition to day-to-day operations with existing customers, a bank needs to acquire new customers to grow in terms of business revenue. Banking in the current context has expanded and today banks offer various services in addition to normal banking (such as financial advice for investments, insurance, cash management services, etc.).
To sell these services and acquire new customers, banks hire sales personnel.


The workforce in Bank Sales Services includes: Sales
Executive-> Sales Officer-> Sales Manager-> Branch Manager-> Regional Manager-> Zone Manager-> President / Boss-> CEO / MD

The above information is indicative and may vary in terms of the Banking organization's work culture (depending on the Public Sector Bank or Pvt Bank).

As the latest information on Indian banking, you should know about Indian banking systems, types of banks in India, KYC documentation, general banking terms and bank fraud, etc.

Banking jobs involve a considerable amount of financial risk and require the candidate to be well versed in documentation and client verification protocols. Monetary transactions require the utmost care and attention.

Because banking is a routine job, it can be monotonous and stressful. Candidates with a motivated attitude can gradually reach higher levels with good and consistent performance.

Wishing you all the best for your career.

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

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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 improve 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 exit PSB, they can do so and apply to a PVB by giving their job profile if necessary when such notifications are posted.

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