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

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.
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 –
- Financial Accountant – The main responsibilities of a financial accountant include managing tax payments, preparing budgets and internal audits.
- Equity Analyst – The main work of equity analysts is to produce projections, research reports, and recommendations for organisations and stocks.
- Bank Manager – A bank manager supervises a specific bank branch, leads their employers and looks after daily operations.
- 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.
- 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.
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 |
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 |
|---|---|
|
19.73 LPA |
|
|
13.6 LPA |
|
|
23.75 LPA |
|
|
7.2 LPA |
|
|
14.00 LPA |
Also Read:
- Banking Career: Check Eligibility, Salary, Promotion and Preparation
- Career in Banking: Trends & Selection Process for Banking Jobs
- How does a BCom course prepare me for a career in banking & finance?
FAQs on Bank Careers
Q: To what extent is it correct to say that Banking has a lot of career options?
A: It is 100% correct to say that Banking has a lot of career options as the banking sector is said to be one of the largest contributors of the Indian economy.
Q: Why should an individual choose bank careers over other fields?
A: An individual should choose Banking over any other career option since this is a high in-demand domain and offers jobs that are secure and rewarding.
Q: What are some giant recruiters from the Banking industry?
A: Anderson Young Associates Inc, Kershner & Co, Marvel Consultants, E- Financial Careers, Russell Stephens LLC and Babich & Associates are a few of the biggest recruiters from the Baking industry.
Q: What are the prerequisites or academic qualifications to pursue a Banking course/career?
A: Any individual with at least 50 per cent aggregate in 10+2 examinations can go ahead to pursue banking careers by taking bank exams or pursuing higher studies in banking field.
Q: What is the level of job satisfaction in bank careers?
A: The level of job satisfaction is high. Banking professionals feel that they are able to achieve good work-life balance, social status and get a good working environment for themselves.
Q: What is the duration of a banking course?
A: The course duration of an undergraduate programme in banking is three years and of a post graduate programme is five years.
Q: What are various job designations in a bank?
A: Loan Clerk, Bank Specialist, CEO, Bank Teller and Bank Probationary Officer are some of the designation in banks.
Q: What are the main skills that any individual with a banking degree must possess?
A: Analytical skills, good communication skills, leadership qualities, technical skills, and good stress management skills are the ones that any individual with a banking degree must possess.
Q: What are the popular Banking certifications?
A: Some of the significant bank certifications are: Chartered Mutual Fund Counselor, Certified Public Accountant, Certified Management Accountant, Certified Financial Planner.
Q: What are the various fields that banking professionals can gain expertise in?
A: Banking professionals can gain expertise in areas like financial deals, Budget creating, Auditing financial records and International stock markets.
Q: What are the subjects that a Bachelor’s degree in Banking covers?
A: The syllabus of a Bachelor’s degree covers basics of Banking like Security analysis, financial management, risk management, derivatives markets and many more along these lines.
- 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
Popular Banking, Finance & Insurance Colleges in India
Banking, Finance & Insurance Applications open. Apply Now
Banking, Finance & Insurance Applications open. Apply Now
Popular Private Banking, Finance & Insurance Colleges in India
Banking, Finance & Insurance Applications open. Apply Now
Banking, Finance & Insurance Applications open. Apply Now
Banking, Finance & Insurance Applications open. Apply Now
Banking, Finance & Insurance Applications open. Apply Now
Popular Exams
12 Aug ' 25 - 12 Feb ' 26 | CFA 2026 Registrations (Level 1&2 May) |
Dec '25 | CFA Result 2025 November TENTATIVE |
12 Jul ' 25 | URAT PG 2025 Second Merit List |
11 Jul ' 25 - 18 Jul ' 25 | URAT PG 2025 Merit Based Application |
Jul '25 | LUACMAT Counselling TENTATIVE |
Jul '25 | LUACMAT Result Declaration TENTATIVE |
To Be Notified: | AMU Entrance Exam 2026 Online Registrations for B... TENTATIVE |
To Be Notified: | AMU Entrance Exam 2026 Online Registrations for B... TENTATIVE |
Popular Banking, Finance & Insurance Specializations
Popular Specializations
- Finance
708 Colleges
- Sales & Marketing
477 Colleges
- Human Resources
457 Colleges
- Operations
249 Colleges
- IT & Systems
229 Colleges
- International Business
208 Colleges
- Financial Planning & Analysis
179 Colleges
- Business Analytics
160 Colleges
- Supply Chain
145 Colleges
- Entrepreneurship
136 Colleges
Most Popular Courses
Popular Courses
- Bachelor of Commerce (B.Com.)AIMS IBS
- Master of Business Administration (MBA)AIMS IBS
- BBA in Banking, Financial Services and InsuranceGalgotias University
- MBA in Financial ManagementGalgotias University
- B.Com. (Hons.) in International Accounting and FinanceGalgotias University
- MBA in Dual SpecializationGalgotias University
- B.Com. (Honours / Honours with Research) with Certified program in Capital MarketsJain Deemed-to-be University, Bangalore
- B.Com. (Honours / Honours with Research) Professional with Certified Program in Banking and FinanceJain Deemed-to-be University, Bangalore
- B.Com.(Hons./ Hons. with Research) in Investment Banking Integrated with Certified Management Accountant (US) and Chartered Financial Analyst (US) Investment FoundationJain Deemed-to-be University, Bangalore
- B.Com. (Hons./ Hons. with Research) in International Finance and Accounting Integrated with Association of Chartered Certified Accountants, ACCA - UKJain Deemed-to-be University, Bangalore
Popular Banking, Finance & Insurance UG Courses
UG Courses
- B.Com
668 Colleges
- BBA
233 Colleges
- UG Diploma
156 Colleges
- B.Voc
77 Colleges
- B.Sc.
20 Colleges
Popular Banking, Finance & Insurance PG Courses
PG Courses
- MBA/PGDM
620 Colleges
- M.Com
205 Colleges
- PG Diploma
157 Colleges
- Executive MBA/PGDM
37 Colleges
- M.Sc.
25 Colleges
News & Updates
Nov 26, 2025
Student Forum
Answered Yesterday
Hi.
well done!, all the very best but you can try some other exams like
- SBI PO (Probationary Officer): One of the most sought-after exams for a managerial position in the State Bank of India, it involves prelims, mains, and an interview.
- IBP
h
Scholar-Level 17
Answered 2 days ago
Regent's University of London MA Management and Finance course is 12-16 months. Students can apply for this course directly. There is no application fee. For admission to this course, Indian students are required to have a minimum second class UK Undergraduate degree or equivalent. A few of the docu
H
Contributor-Level 10
Answered 2 days ago
Hi...
- IBPS RRB Clerk Mains Exam: February 1, 2026.
- IBPS RRB PO Interview (tentative): January–February 2026.
- IBPS PO/MT (CRP PO/MT-XVI): The notification is projected to be released around June 30, 2026, with the mains exam around
h
Scholar-Level 17
Answered 3 days ago
You cannot get a visa without OSHC. This money needs to be paid before you fly to Australia. For a single student, it costs roughly AUD 600 to AUD 700 per year.
R
Contributor-Level 10
Answered 3 days ago
The students of GIBS are very active in organizing cultural festivals, leadership activities, and sports events throughout the year. There are a number of student-driven clubs and committees on the campus for planning fests, talent shows, workshops, and competitions, which provide hands-on experienc
M
Contributor-Level 7
Answered 2 months ago
SBI and Tally are integral to the placement success for MBA students specializing in Banking and Financial Engineering from Chandigarh University. SBI provides practical exposure to banking operations, financial modeling, and risk analysis, allowing students to gain real-world experience and underst
A
Contributor-Level 10
Answered 2 months ago
Yes, definitely! you can do the below mentioned Certifications along with MBA Finance:
- CFA (Chartered Financial Analyst)
- FRM (Financial Risk Manager)
- CPA or CMA (for accounting and financial planning)
- Investment banking courses
These certifications can significantly boost your resume and give you an edg
P
Contributor-Level 7
Answered 2 months ago
Not necessarily! Most top MBA colleges accept fresh graduates, especially in India even IIM's also accept fresh graduates. However, 1to 3 years of work experience can help you understand real-world finance better and improve your chances for top-tier colleges or higher packages. Work experience als
A
Contributor-Level 7
Answered 2 months ago
The college banking syllabus can surely provide a strong foundational base for students planning to appear for IBPS and SBI exams but a dedicated bank exam prep is extremely important because the college curriculum does not always cover banking awareness and computer aptitude in depth as is required
V
Contributor-Level 10
Answered 2 months ago
Colleges usually offer semester wise banking syllabi for various UG and PG courses like BCom, BBA and MBA in Banking, Finance and Insurance. The syllabus is spread across multiple 6-month-long semesters where you get to study concepts like financial accounting, investment banking, banking operations
V
Contributor-Level 10
Answered 2 months ago
The Banking syllabus for Diploma courses differs based on the course type, whether it is after 10th, after 12th, or a PG Diploma and the college offering the program. Generally, there are core subjects, electives, and a project component in the final semester. You can find the list of some basic cor
V
Contributor-Level 10
Answered 2 months ago
Business Mathematics is not a compulsory subject in the Banking syllabus. While several colleges have it as part of the coursework for a BCom in BFSI or an MBA in Banking and Finance, it is not a prerequisite for any banking exam or job in the future. All you need is solid quantitative aptitude with
V
Contributor-Level 10
Answered 2 months ago
Yes. You will find case studies and industrial project work as integral components in the BCom in Banking syllabus across all top colleges to provide the students with enough practical exposure to banking operations and financial market scenarios. Live projects, case studies, and projects give you a
V
Contributor-Level 10
Answered 2 months ago
Well, yes. A majority of the coursework for banking and finance-related courses includes modules on stock markets, investment strategies, and risk management as part of the larger financial framework. All of this knowledge is important for you to make sense of the workings of financial institutions,
V
Contributor-Level 10
Answered 2 months ago
Yes, the 2024 placement report for National Insurance Academy has been released. Check out the table below to know more:
Particulars | Placement Statistics (2024) |
|---|---|
Placement Rate | 100% |
Students Placed | 130 |
the highest Package | INR 22 LPA |
Average Package | INR 12.30 LPA |
PPO's Offered | 57 |
Companies Visited | 29 |
d
Contributor-Level 10
Answered 2 months ago
National Insurance Academy has an impressive placement report. The table below provides the placement statistics recorded during National Insurance Academy placements 2024:
Particulars | Placement Statistics (2024) |
|---|---|
Placement Rate | 100% |
Students Placed | 130 |
the highest Package | INR 22 LPA |
Average Package | INR 12.30 LPA |
PPO's Offered | 57 |
Companies Visited | 29 |
d
Contributor-Level 10
Answered 2 months ago
Yes, National Insurance Academy has good placements for BTech, BSc, MTech. The placement statistics for recent years are given in the table below:
Particulars | Placement Statistics (2021) | Placement Statistics (2022) | Placement Statistics (2024) |
|---|---|---|---|
Placement Rate | 100% | 100% | |
Students Placed | 92 | 98 | 130 |
the highest Package | INR 29.5 LPA | INR 18 LPA | INR 22 LPA |
Average Package | INR 10.3 LPA | INR 13 LPA | INR 12.30 LPA |
PPO’s Offered | 28 | 40 | 57 |
Companies Visited | 35 | 17 | 29 |
d
Contributor-Level 10
Answered 2 months ago
Yes, graduating with an MBA degree from Centurion University Bhubaneswar makes students eligible for various jobs in the Finance domain. This is because, during the programme, students learn variousconcepts, such as Financial Accounting, Time Value and Money, Cost Acocunting, and more that help stud
S
Contributor-Level 10
Answered 2 months ago
Yes, Graphic Era Hill University Bhimtal BCom students are eligible for Finance domain jobs. Students enrolled in the programme learn about various concepts of Accountancy and Finance. Students who wish to land a job can check below to learn some job positions that BCom graduates can pursue:
- Accounta
S
Contributor-Level 10
Taking an Exam? Selecting a College?
Find insights & recommendations on colleges and exams that you won't find anywhere else
On Shiksha, get access to
- 65k Colleges
- 1k Exams
- 681k Reviews
- 1800k Answers
I want to give a banking competition for a job after graduation. What to do?