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.

DFP-Banner

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.

DFP-Banner

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

DFP-Banner

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
10.5 L - 12.5 L
4.2
2 Courses
12.7 L
3.8
75 K - 4.6 L
3.8
Ranked #3 Private University in India. Placement with Fortune 500 Companies
2 L - 10.8 L
7.25 LPA

Banking, Finance & Insurance Applications open till Mar 10, 2026. Apply Now

3 L - 9 L
7.78 LPA

Banking, Finance & Insurance Applications open. Apply Now

Popular Private Banking, Finance & Insurance Colleges in India

23.9 K
2 Courses
12.85 L
3.9
Ranked 4th in North India Pvt B-Schools. Highest CTC 16L. Placements-ICICI,Deloitte,S&P Global
5.61 L
2 L - 10.8 L
4.1

Banking, Finance & Insurance Applications open till Mar 10, 2026. Apply Now

3 Courses
2.6 L - 7.6 L
3.8

Banking, Finance & Insurance Applications open. Apply Now

7 Courses
4.3
4.3

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.

19 Mar ' 26

CFA 2026 February Level 1 Result

7 Apr ' 26

CFA 2026 February Level 3 Result

1 Feb ' 26 - 31 Mar ' 26

AMU Entrance Exam 2026 Online Registrations for B...

To Be Notified:

AMU Entrance Exam 2026 admit card for BA LLB

TENTATIVE

To Be Notified:

URAT PG 2026 Application Process (Phase 1)

TENTATIVE

To Be Notified:

URAT PG 2026 Admit Card & Time Table

TENTATIVE

Sep '26

SPSAT 2026 admit card

TENTATIVE

Sep '26

SPSAT 2026 exam date

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

qna

Student Forum

chatAnything you would want to ask experts?
Write here...

Answered Yesterday

IILM University Gurgaon's MBA programme provides exposure to banking and financial services through various specializations and courses. The university offers specializations like Financial Technology (FinTech), Banking Operations, Risk Management, Investment Banking, Financial Markets, and Corporat

...Read more

S

Shrinkhala S Chand

Contributor-Level 7

Answered 4 days ago

IIRM Hyderabad PGDM in Actuarial Science admissions are entrance-based. The selection process is as below:

  • CAT/ XAT/ MAT/ ATMA/ GMAT/ CMAT/ State-level Management Tests + Actuarial Proficiency Test by IIRM

S

Sanjana Srivastava

Contributor-Level 10

Answered 4 days ago

Students looking for global investment management courses, CFA is the best choice. CFA offers higher salaries, and CA is best for students looking to build a career in taxation and auditing in India. Top tier MBA excel in corporate leadership and networking. 

R

Rashmi Shukla

Contributor-Level 6

Answered 4 days ago

Candidates who are interested in investment analysis and portfolio management, want a global career or are ready to invest in further exams can opt for CFA. But if they wnat accounting and auditing, want a strong domestic career base and also value wide options of career options they can go for CA.

78439168
Saumya Jain

Contributor-Level 10

Answered 6 days ago

Check the exam structure for Level 2 exam below:

Structure Details
Time Duration

Session 1: 2 hours 15 mins

Session 2: 2 hours 15 mins

Total: 4 hours 30 mins

Type of questions

MCQs and Item Sets with Vignettes

Number of questions

88 MCQs

22 Item Sets

M

Mani Malhotra

Contributor-Level 6

Answered 6 days ago

 
There is a limit of 6 attempts per CFA Level. Students have to pay registration fee for each attempt. 

S

Shiksha Shukla

Contributor-Level 6

Answered 6 days ago

Unlike the Level 1 exam, CFA Level 2 exam does not only have MCQs. It also consists of item set questions which will be comprised of vignettes. 

N

Nishtha Shukla

Contributor-Level 6

Answered 6 days ago

No, CFA Level 1 exam only have 180 multiple choice questions. Students have to choose the correct option from the given options. 

A

Abhishek Kumar

Contributor-Level 6

Answered 6 days ago

CFA Level 1 exam is conducted for a total of 4.5 hours. The exam is spread in 2 sessions. Each session duration is 2 hours and 15 minutes.

R

Rohini Bhatnagar

Contributor-Level 6

Answered 6 days ago

CFA Level 1 exam is considered very tough and challenging. The average pass rate for Level 1 CFA exam stands at just 41% indicating the difficult nature of the exam. 

M

Mayank Singh

Contributor-Level 6

Answered 6 days ago

The CA Final Paper 2 - Advanced Financial Management includes following topics:

  • Financial Policy and Corporate Strategy
  • Risk Management
  • Advanced Capital Budgeting Decisions
  • Security Analysis
  • Security Valuation
  • Portfolio Management
  • Securitization
  • Mutual Funds
  • Derivatives Analysis and Valuation
  • Foreign Exchange

...Read more

Y

Yatendra Choudhury

Contributor-Level 6

Answered 6 days ago

The MSc in Finance course of DCU University is 12 months. The annual tuition fee for Indian students admitted to this course is EUR 23,000 (Around INR 25 lakh). In the QS Business Master's rankings for 2025, this course of DCU University ranks among the Top 130 MSc programs globally. 

R

Rupali Singh

Contributor-Level 10

Answered a week ago

No, students who meet the conditions below don't need to buy an health insurance sponsored by Rockhurst Uni.

  • Have a personal health cover
  • The cover is active with continuos coverage for the academic year
  • The healthcare plan has unlimited benefit maximum
  • The plan is fully compliant under the Affordable

...Read more

A

Akash Gaur

Contributor-Level 10

Answered a week ago

A candidate who has scored really well could have a high confidence interval. They will have grey line with the confidence interval box above MPS. 

A candidate who has scored poorly can have a high confidence interval, they would not have passed under any circumstances and would need to study more in

...Read more

S

Shiksha Shukla

Contributor-Level 6

Answered a week ago

CFA result has thick black dotted line in the scorecard. It shows the 10th percentile score, i.e. 10% of candidates who took the exam scored lesser than this.

A

Abhishek Kumar

Contributor-Level 6

Answered a week ago

The average pass rate in India is 35% to 45%. Check the table below to know the CFA pass rate in India for Level 1:

YearPass Rate in India
201932%
202046%
202119%
202233%
202335%
202443%
202546%

S

Shruti Tyagi

Contributor-Level 6

Answered a week ago

The National Insurance Academy Pune is a Private institute though it was jointly founded by the Ministry of Finance, Government of India and Public Sector Insurance companies such as LIC India, General Insurance Corporation of India, The New India Assurance Company, National Insurance Company, Unite

...Read more

C

Chikat Marchang

Contributor-Level 10

Answered 3 weeks ago

Bangalore's GIBS (Global Institute of Business Studies) hosts numerous top recruiting companies for placing students on campus. Some of those notable companies include:

1. Amazon – Offers various roles in Operations, Marketing, and Business Development.
2. Deloitte – Offers Consulting, Audit, and Busi

...Read more

M

Mohammed Maqsood

Contributor-Level 10

Answered 3 weeks ago

Yes, health insurance is mandatory for international students in UAE. Having a valid health insurance is also important to obtain the UAE student visa.

Shiksha Study Abroad counsellors, for free, can guide students on everything they need to take care of before moving to UAE for higher studies.

A

Akash Gaur

Contributor-Level 10

Answered 4 weeks ago

The number of students placed during  MET Center for Insurance Training, Research & Development  placements has not been released. However, the institute has released other placement highlights. Check out the table below to know more:

Particulars

Placement Statistics (2025)

the highest Package

INR 20 LPA

Average Package

INR 8.50 LPA

d

diksha soni

Contributor-Level 10

Answered 4 weeks ago

VU University Master in Finance course is one-year long. This course is taught in English. This course has been ranked in the Financial Times ranking. It has been ranked at #61 position in 2025. Also, this course is accredited with AACSB, EQUIS, NVAO. For admission to this course, a Bachelor's degre

...Read more

N

Nishtha Shukla

Contributor-Level 10

Answered a month ago

As per the Financial Times rankings 2025, Rennes School of Business ranks at #39 (Pre-Experience). This course was ranked at #40 position. This shows that there has been an improvement in the rankings of this school for Masters in Finance course. 

N

Nishtha Singh

Contributor-Level 10

Answered a month ago

The duration of Rennes School of Business Masters in International Finance course is 1 or 2 years. The teaching language of this course is English. This course is accredited by EFMD. It prepares students for CFA certificate abd Bloomberg Market Concepts certificates. 

N

Nishtha Shukla

Contributor-Level 10

Answered a month ago

The University of Groningen MSc in Finance course is 12-months. Students who want to study MSc in Finance course hould have a Bachelor's degree. An English language proficiency is also required for admission to this course. IELTS (6.5) / TOEFL (90) / PTE scores (66) are accepted for admission to thi

...Read more

A

Anya Aggarwal

Contributor-Level 10

Answered a month ago

The duration of MSc in Finance course at the Groningen Uni is 12 months. The language of instruction of this course is English. This course is AACSB and EQUIS accredited. 25% are international students at the University of Groningen. While studying this course at Groningen Uni, students can engage i

...Read more

C

Chandra Sharma

Contributor-Level 10

Answered a month ago

IIT Patna MSc students are required to pay a total of INR 4 Lacs towards the insurance charge during the duration of the MSc course. The insurance charge is paid in two annual at INR 2 Lacs per annum. 

Every installment of the insurance charge must be paid at the beginning of the first and third seme

...Read more

S

Saurabh Khanduri

Contributor-Level 10

Answered a month ago

Yes, a health insurance is mandatory for Indian students planning to study in Germany. The health insurance helps cover for doctor visits, emergency care, and hospital treatments. A public health insurance is usually more affordable. A public healthcare plan costs between EUR 120 and EUR 150 or INR

...Read more

A

Akash Gaur

Contributor-Level 10

Answered a month ago

Angoff Method is used by subject matter experts to decide probability of a student answering each question correctly in CFA exam. These probabilities range from 0 to 100 and are then averaged for each question. Then the averages are added to find the final cutoff or minimum passing score in CFA exam

...Read more

R

Rashmi Chatterjee

Contributor-Level 6

Answered a month ago

Name of Books

Authors

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

78438610
Saumya Jain

Contributor-Level 10

Answered a month 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

...Read more

H

Himanshi Shekhar

Contributor-Level 10

Find insights & recommendations on colleges and exams that you won't find anywhere else

On Shiksha, get access to

  • 66k Colleges
  • 1k Exams
  • 687k Reviews
  • 1800k Answers