Change of career: How to answer?

Change of career: How to answer?

Many a times, candidates have enquired to me that they are not comfortable in answering that after acquiring a degree in engineering or in any other professional field which is not directly related to general banking, why are they interested in opting for banking as their career.

Well, like any other thing, this answer should also come from the inner side of your hearts. There are a few inputs which I am providing based on the experience of either myself or my colleagues. Rest of the answer can be easily framed based on these inputs.

Firstly and most importantly, please don’t criticize your degree or your college at the interview.

Means, 

We shouldn’t say that after a B.E. I wasn’t getting a good job or My College didn’t help in getting a good job and hence I had to think about change of stream. Never do that. It creates a negative impression. They would think that in future after leaving the bank, you would criticize them too.

Look very much confident and satisfied with your degree, college and other achievements.

As soon as such a question is asked, smile a bit, look into the eyes of the chairman of the panel, then in the eyes of the other members within a fraction of seconds and then say – Sir, Engineers are considered to be blessed with one of the best brains on this earth. The RBI Governer, Dr. D. Subbarao is himself a product of IIT Delhi (Read More). I believe I can contribute to the best of my capability.

Smile and say, 'Sir, being a technocrat, Dr. Subbarao is doing very well, I too just need a chance to prove myself'  - make your smile deeper and make an eye contact again.

"I am not choosing engineering as my career option because as I came out of my teenage, I realized that meeting and communicating new people, gives me immense pleasure. Banking can certainly give me right platform for that." - may be a good response.

"I can contribute to the day to day banking by applying the concepts of operational research or the concept of project management in any kind of study or research undertaken by the concerned department of the bank.

And above all (Smile again, and look in their eyes again) and say, I want to switch from engineering to banking, because, I have a faith in myself that I can not only be a good engineer, I can be good banker too" -You can try this too.

Rest in next post,

Be tuned, All the Best

How to answer: Why Banking as a career option?

Why Banking as a career option?

This is the most probable question, which most of you are going to face at the interviews,

Actually, there is no standard answer to these kinds of questions, I would provide the inputs for you and you may frame your own answers. Because, if a specific answer is posted here or anywhere at the online spaces then the purpose of asking this question by the interviewers and that of it being answered by you won’t be fulfilled.

Here are some of the inputs, which can be used to frame the answer:

Banking is the backbone of every economy.

Banking relates to everyone, from a common man to a billionaire.

It gives an opportunity to interact with lots of people on a daily basis.

It is related to everyone’s life.

As per the standard facts, there are millions of Indians who still don’t have access to the basic banking facility and hence the government is focusing on financial inclusion, it may be pointed out that you want to contribute in this holi task by being among the first batch to be recruited by keeping the financial inclusion in mind.

It is the only sector which is evergreen, whatever are the circumstances, a human being is never ever satisfied by the money he or she is having, and hence banks are sure to book business. If one is having money then banks would get business in terms of deposits and if one is having lack of money then banks would get business in terms of lending.

The “Shining India” or the “Incredible India” would have been always a dream only if there would not have been the banking and finance institutions to finance the infrastructure development in India.

There is a vast scope of growth of this sector as there is a large chunk of human capital in this nation which is deprived of the basic banking facility.

If everyone would have access to the ethical and practical banking facilities then it would certainly help the poor farmers of this agricultural dependent country as the farmer who feeds the nation wouldn’t have to impoverish himself by being a victim of alternate channels of parallel banking. Which in result would help the growth of the economy of this country.

In this way the black money would also be controlled because the money would flow directly through the legal system.

More to come at this space, Be tuned,
All the Best

Hello to all the aspirants of Banking Examinations

Hello friends,

I have created this blog on the request of few of the aspirants of the Banking Examinations.

I have tried to cover about the GD and the Interviews,

GD and its preparation has been discussed in different posts in detail, while I am still working on the interview part, meanwhile I have posted about the "Importance of dressing up rightly"

More to come, as per my promise to you people,

I would try to keep this segment updated often.
Specially the questions like "change of career from technological background or a medical background" are a bit tricky to answer, the next posts over here would be focusing on the interview insights only.

So, please keep visiting and all the best to all of you for a successful banking career.
And please let me know about any suggestions you are having for this platform of our mutual discussion.


And yes if anyone is having any kind of doubts regarding the role of written scores and the importance or GD and PI in the final selection then please go through the “Selection Matrix”

Will I get selected?

_________________________________________________________________________________

Hmmmm.....

The most strategic question.

 Click Here for the answer.

At the almost final stage of interview, you wont be willing to and must not loose. Have faith in yourself and in the almighty.

In actual,

No one is perfect in this world and the same equation lies with the phenomenon of facing the bank interviews too.

Although banks look out for the alrounders, but if you are among the top pace bowlers or among the top batsman, why would you be left apart from the team which is going to be formed?

I mean to say, that those who think that they must be having the scores of a topper in the written examination can relax and even if they don’t work too hard on the preparations of this stage, they stand a good chance of selection.

But if anyone thinks that he or she might be just above the cutoff then it’s a high time that you prove yourself in the interviews and fetch as many marks as you can,

All the best

Dr. D Subbarao, The 22nd Governor of RBI, Ex-IITian,

Dr. D. Subbarao took over as the 22nd Governor of the Reserve Bank of India. Dr. Subbarao has been appointed for a three-year term. Prior to this appointment, Dr. Subbarao was the Finance Secretary in the Ministry of Finance, Government of India.

Dr. Subbarao has earlier been Secretary to the Prime Minister's Economic Advisory Council (2005-2007), lead economist in the World Bank (1999-2004), Finance Secretary to the Government of Andhra Pradesh (1993-98) and Joint Secretary in the Department of Economic Affairs, Ministry of Finance, Government of India (1988-1993).

Dr. Subbarao has wide experience in public finance. In the World Bank, he worked on issues of public finance in countries of Africa and East Asia. He managed a flagship study on decentralisation across major countries of East Asia including China, Indonesia, Vietnam, Philippines and Cambodia. Dr. Subbarao was also involved in initiation of fiscal reforms at the state level. Dr. Subbarao has written extensively on issues in public finance, decentralisation and political economy of reforms.

Born on August 11, 1949, Dr. Subbarao holds a B.Sc (Hons) in Physics from the Indian Institute of Technology, Kharagpur and M.Sc in Physics from the Indian Institute of Technology, Kanpur. Dr. Subbarao also holds an MS degree in Economics from Ohio State University. He was a Humphrey fellow at MIT during 1982-83. He has a Ph.D. in Economics with thesis on fiscal reforms at the sub-national level. Dr. Subbarao was a topper in the All India Civil Service examination for entry into Indian Administrative Services and Indian Foreign Services in 1972. He was one of the first IITians to join the civil service. 

Article Courtesy : RBI Press Release 05/09/2008

So, Friends, our role model, Dr. Subbarao is himself an IITian, a technocrat and still you think that engineers cant make it to the banks?