IBPS – A Way to Get a Job in Banking Sector
Rise of IBPS:
It was past that unemployed who aspires a job in banking sector has to apply against every individual bank's notification. It was a big hassle to appear for every individual bank's recruitment test as it consumes lot of time and also discourages many with the apprehension of losing academic years. Though number of banking tests of individual banks provides several chances for getting a job to unemployed, psychologically it diminishes one's own courage. Apart from this, it is a financial burden for every bank to conduct recruitment process. Not only financial burden, but it needs a lot of technology and manpower to conduct recruitment process all over India. Many small sector banks limit the recruitment process to certain major cities due to unavailability sufficient technology and financial strength. Due to this many unemployed are unable to apply for certain small sector banking exams. To answer all these problems, Institute of Banking Personnel Selection, abbreviated as IBPS, a premier assessment organization providing recruitment solutions for banking sector was established as an independent body in 1984.
Routes of Entry into Banking Sector – IBPS as a Medium:
IBPS is the only major way to get a job in banking sector! On a common agreement, all 19 nationalized banks have decided to recruit banking personnel through a common entrance examination named as Common Written Examination (CWE). This Common Written Examination (CWE) is being organized by Institute of Banking Personnel Selection (IBPS). IBPS basically conducts CWE for the recruitment of three categories of posts,
1. Clerks
2. Probationary Officers (POs)/Management Trainees (MTs)
3. Specialist officers
These are the three major routes of entry in a banking sector. IBPS conducts the CWE four times a year with an interval of 3 months across the country. Two exams are for Probationary officers (PO), Management Trainees (MT) and two for clerical. Separate CWE is conducted for the recruitment of specialist officers. Clerical positions are the basic positions in any bank and secondary or higher secondary education is sufficient for this type jobs. Pos/MTs perform different managerial tasks in any bank and graduation is compulsory to apply for these jobs. Banking sector, as it has been specialized, the sector has needed the services of some technically qualified people called ‘specialist officers', along with clerks, Pos/MTs. These specialist officers run different divisions like IT, Technical, Agriculture, Legal, Marketing, HR in a bank. Unemployed with different specialist qualifications such as engineering, agriculture, law etc can utilize specialist officer positions in a bank.
IBPS publishes notification for the CWE, accepts applications and conducts examination. Qualified candidates will receive a score card. The score is valid for 1 year. Whenever a bank publishes notification advertising different vacancies, IBPS qualified candidates can apply against those positions. According to the merit, individual banks select the candidates. IBPS Common Written Examination is purely based on candidate's aptitude and banking knowledge. Reasoning, numerical ability, English language are very important for the exam. So hard work can only bring success to qualify the CWE.
In conclusion, IBPS CWE is the best and major way to get a job in banking sector. Aspirants have the option to appear for clerical, Pos/MTs or specialist officer positions according to their qualification. Preparation for a single Common Written Exam lets the aspirants to apply for different banks.
It was past that unemployed who aspires a job in banking sector has to apply against every individual bank's notification. It was a big hassle to appear for every individual bank's recruitment test as it consumes lot of time and also discourages many with the apprehension of losing academic years. Though number of banking tests of individual banks provides several chances for getting a job to unemployed, psychologically it diminishes one's own courage. Apart from this, it is a financial burden for every bank to conduct recruitment process. Not only financial burden, but it needs a lot of technology and manpower to conduct recruitment process all over India. Many small sector banks limit the recruitment process to certain major cities due to unavailability sufficient technology and financial strength. Due to this many unemployed are unable to apply for certain small sector banking exams. To answer all these problems, Institute of Banking Personnel Selection, abbreviated as IBPS, a premier assessment organization providing recruitment solutions for banking sector was established as an independent body in 1984.
Routes of Entry into Banking Sector – IBPS as a Medium:
IBPS is the only major way to get a job in banking sector! On a common agreement, all 19 nationalized banks have decided to recruit banking personnel through a common entrance examination named as Common Written Examination (CWE). This Common Written Examination (CWE) is being organized by Institute of Banking Personnel Selection (IBPS). IBPS basically conducts CWE for the recruitment of three categories of posts,
1. Clerks
2. Probationary Officers (POs)/Management Trainees (MTs)
3. Specialist officers
These are the three major routes of entry in a banking sector. IBPS conducts the CWE four times a year with an interval of 3 months across the country. Two exams are for Probationary officers (PO), Management Trainees (MT) and two for clerical. Separate CWE is conducted for the recruitment of specialist officers. Clerical positions are the basic positions in any bank and secondary or higher secondary education is sufficient for this type jobs. Pos/MTs perform different managerial tasks in any bank and graduation is compulsory to apply for these jobs. Banking sector, as it has been specialized, the sector has needed the services of some technically qualified people called ‘specialist officers', along with clerks, Pos/MTs. These specialist officers run different divisions like IT, Technical, Agriculture, Legal, Marketing, HR in a bank. Unemployed with different specialist qualifications such as engineering, agriculture, law etc can utilize specialist officer positions in a bank.
IBPS publishes notification for the CWE, accepts applications and conducts examination. Qualified candidates will receive a score card. The score is valid for 1 year. Whenever a bank publishes notification advertising different vacancies, IBPS qualified candidates can apply against those positions. According to the merit, individual banks select the candidates. IBPS Common Written Examination is purely based on candidate's aptitude and banking knowledge. Reasoning, numerical ability, English language are very important for the exam. So hard work can only bring success to qualify the CWE.
In conclusion, IBPS CWE is the best and major way to get a job in banking sector. Aspirants have the option to appear for clerical, Pos/MTs or specialist officer positions according to their qualification. Preparation for a single Common Written Exam lets the aspirants to apply for different banks.
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