Banking, Finance & Insurance Career Guide: Roles, Salary 2025 & Future Scope

Updated on Oct 4, 2022 07:39 IST
Vidhi Jain

Vidhi JainContent Writer

A career in banking sector produces so many job opportunities for qualified banking professionals that can provide several services like risk management, loans and investments, stock analysis, and many more. Presently, bank careers are a popular option among students as the high demand for banking professionals with particular knowledge and skills because of the rapid expansion and evolution of bank products and services.

A student who wants to start a career in banking sector must pursue the relevant course or clear the relevant competitive exam. The banking course covers several topics like asset handling, advances or loans, history of banking, investments and trust activities and so on. It also includes credit management, investment banking, commercial banking and trade finance.

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Top Careers in the Banking Sector

The banking sector is one of the important parts of an economy. There are several careers to choose from in the banking sector –

  1. Financial Accountant – The main responsibilities of a financial accountant include managing tax payments, preparing budgets and internal audits.
  2. Equity Analyst – The main work of equity analysts is to produce projections, research reports, and recommendations for organisations and stocks.
  3. Bank Manager – A bank manager supervises a specific bank branch, leads their employers and looks after daily operations.
  4. Financial Risk Manager – The main work of financial risk managers is to examine and identify earning capacity and threats to the assets or success of a business.
  5. Investment Banker – They deal with several financial processes of investment ventures that organisations accept. 

Some other popular bank careers are Foreign Exchange, Loan Officer, Assistant Manager, Business Analyst, Audit Clerks, Financial Risk Manager, Internal Auditor, Foreign Exchange Trader, Book-Keeper, Credit Analyst, Bank Teller and Financial Manager.

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Scope of Banking in India

The banking sector is considered the backbone of the Indian economy, which not only supports the economy and trade of the country but also provides good employment opportunities for students from all streams - Humanities, Science, and Commerce. Let’s look at some more bank careers.

National Bank of Agriculture and Rural Development – The main scheme aim of the NABARD is to offer funds for the rural infrastructure of India to allow long-term irrigation practices.

IBPS (Institute of Banking Personnel Selection) – It is one of the central recruitment agencies under the Ministry of Finance in the Government of India. The main goal of this recruitment agency is to promote the placement of graduates in several public sector banks except for the State Bank of India in our country.

State Bank of India Probationary Officer – The Probationary Officer of State Bank of India supervises customer service, opening bank accounts, processing loans, clerical activities, and many more.

SBI Clerkship – The main responsibility of SBI Clerks is to open the bank accounts and look after those transactions linked with handling chequebook requests, issuing demand drafts, transferring money using several payment modes, the NEFT/RTGS, and many more.

IBPS Regional Rural Banks (RRB) Officer – The main work of an IBPS RRB PO is to prepare the audit reports, NPA (Non-Performing Assets), loan disbursement & credit portfolio rating, and manages daily operations of the bank.

Average Banking Salary in India

The average salary of an individual working in a Bank in India is about INR 34,700 monthly. The average salary ranges of a person working in a Bank between INR 10,900 (lowest average) and INR 71,300 (highest standard, the actual maximum salary is higher). The wages of individuals who work in a bank differ on the basis of the post.

Banking Job Title

Average Salary (Monthly in INR)

Assistant Bank Branch Manager

41,800

Bank Operations Head

67,900

Credit and Collections Manager

47,000

Direct Bank Sales Representative

24,700

Financial Banking Systems Manager

47,500            

Loan Area Manager

42,300

Mortgage Development Manager

44,700

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Top Recruiters of Banking

The banking sector offers services and is a very important field that offers many jobs worldwide for those youngsters who want to work in the banking sector. If you want to start a banking career, then there are several top recruiters of the bank given below –

  • York & Associates
  • Anderson Young Associates Inc.
  • Kershner & Co
  • Marvel Consultants
  • e-FinancialCareers
  • Russell Stephens LLC
  • Babich & Associates
  • The EMAC Group
  • Kaplan Partners
  • Smith & Wilkinson
  • Phoenix Group International
  • Bradsby Group
  • Analytic Recruiting Inc.
  • Financial Recruiters LLC

Top Banking Colleges for Placement

The MBA in banking college train and equip students for pursuing business, financial services, and accounting careers. There are several colleges in India for banking courses with good placement records in India. A few of them are listed below –

MBA in Banking Colleges for Placements

Highest CTC in INR

WeSchool Mumbai

19.73 LPA

IFMR GSB Sri City

13.6 LPA

IMI Delhi

23.75 LPA

Alliance University

7.2 LPA

IMT Ghaziabad

14.00 LPA

Also Read:

Table of contents
  • Popular Banking, Finance & Insurance Colleges in India
  • Popular Private Banking, Finance & Insurance Colleges in India
  • Popular Exams
  • Popular Banking, Finance & Insurance Specializations
  • Most Popular Courses
  • Popular Banking, Finance & Insurance UG Courses
  • Popular Banking, Finance & Insurance PG Courses
View More

Popular Banking, Finance & Insurance Colleges in India

Following are the most popular Banking, Finance & Insurance Colleges in India. Learn more about these Banking, Finance & Insurance colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
6.75 L
6.8 LPA
75 K - 4.6 L
3.8
Ranked #3 Private University in India. Placement with Fortune 500 Companies
2 Courses
12.7 L
3.8
10.5 L - 12.5 L
4.2

Banking, Finance & Insurance Applications open. Apply Now

2 L - 10.8 L
7.25 LPA

Banking, Finance & Insurance Applications open. Apply Now

7 Courses
1 L - 14 L
4.5

Banking, Finance & Insurance Applications open. Apply Now

Popular Private Banking, Finance & Insurance Colleges in India

4.95 L - 6.6 L
5.6 - 7 LPA

Banking, Finance & Insurance Applications open. Apply Now

1.2 L - 2.85 L

Banking, Finance & Insurance Applications open till Jan 26, 2026. Apply Now

5.64 L - 8.72 L
4.0

Banking, Finance & Insurance Applications open. Apply Now

1 Course
8 L
4.4
4.64 L - 10.44 L
6.2 - 7 LPA
14.9 K - 23.9 K

Popular Exams

Following are the top exams for Banking, Finance & Insurance. Students interested in pursuing a career on Banking, Finance & Insurance, generally take these important exams.You can also download the exam guide to get more insights.

12 Aug ' 25 - 12 Feb ' 26

CFA 2026 Registrations (Level 1&2 May)

18 Jan ' 26

CFA 2026 Rescheduling Deadline (Feb Level 3)

To Be Notified:

AMU Entrance Exam 2026 Online Registrations for B...

TENTATIVE

To Be Notified:

AMU Entrance Exam 2026 Online Registrations for B...

TENTATIVE

To Be Notified:

URAT PG 2026 Application Process (Phase 1)

TENTATIVE

To Be Notified:

URAT PG 2026 Admit Card & Time Table

TENTATIVE

Popular Banking, Finance & Insurance Specializations

Following are the most popular Banking, Finance & Insurance Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

Popular Banking, Finance & Insurance UG Courses

Following are the most popular Banking, Finance & Insurance UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Banking, Finance & Insurance PG Courses

Following are the most popular Banking, Finance & Insurance PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

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Rashmi Chatterjee

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Name of Books

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Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions

Pearl and Rosenbaum

2021 CFA Level I

Kaplan Schweser

Strategic Value Investing: Practical Techniques of Leading Value Investors

Stephen M. Horan, Robert R. Johnson and Thomas R. Robinson

When Genius Failed: The Rise and Fall of Long-Term Capital Management

Roger Lowenstein

The Cartoon Guide to Statistics

Larry Gonick and Woollcott Smith

CFA Level I

Bhupesh Ananad

The Handbook of Fixed Income Securities

Frank J. Fabozzi

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Saumya Jain

Contributor-Level 10

Answered 6 days ago

The University of St Gallen Masters in Banking and Finance course is offered in English. The course spans 3 semesters. For international students, the per semester tuition fee is around CHF 3329 (Around INR 3.7 L). There are multiple deadlines for this course. Also, this course is a great for studen

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Saurabh Khanduri

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CFA programme is a rigorous one. Students should have a good preparation plan to clear CFA Level 2 exam. Students should devote at least 300 hours on an average for each level of the CFA exam

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Rohini Bhatnagar

Beginner-Level 5

Answered 2 weeks ago

  • Open CFA website
  • Login to CFA account
  • Select CFA program
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  • Select a date range. Students should choose a wide date range

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Ridhi

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Answered 3 weeks ago

Entry-level job positions in the field of finance for a graduate who have done MCom have roles like -

  • Assistant Accountant
  • Accountant
  • Senior Account Executive
  • Cashier
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Kritika Tyagi

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During Indian School of Business and Finance placements 2024, different roles were given to students in different sectors such as BFSI, Consulting, Management, Research and more. Have a look at the table below to know the roles provided at Indian School of Business and Finance:

RolesPercentage
Analyst44%
Associate21%
Assistant Manager11%
Others24%

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diksha soni

Contributor-Level 10

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ISBF Placements: Top Recruiters

TATA Telecom

Deloitte

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American Express

Ernst & Young

KPMG

Orient Craft

Chegg India

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diksha soni

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Hi.

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heena agrawal

Scholar-Level 17

Answered a month ago

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Fees components

Amount (for 1 year)

Tuition & fees

INR 20,91,637

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Open50.50%91
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ST7.50%13

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National Insurance Academy admissions are open. Candidates can apply till Mar 15, 2026 for admission. Aspirants must apply before the deadline to avoid rejection. Admissions at National Insurance Academy are entrance-based. 

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National Insurance Academy provides a scholarship of INR 1 Lacs each to meritorious, girl students and eligible students. Those belonging to the EWS category can also apply.

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Candidates have to pay an application fees to apply for a course. The application fees at National Insurance Academy is INR 1,500. Aspirants have to pay the fees via any of the online payment modes. 

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Shreya Basu

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heena agrawal

Scholar-Level 17

Answered a month ago

Hi.

Some of the major companies that appear repeatedly in GIBS's placement drives include:

HDFC Bank — banking / financial services.

Accenture — IT / consulting / business‑services. 

Wipro — IT / IT‑services / technology / business‑services roles.

Bajaj Finance (and other finance / NBFC / banking firms)

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heena agrawal

Scholar-Level 17

Answered a month ago

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