{"id":192,"date":"2016-01-13T20:14:13","date_gmt":"2016-01-13T14:44:13","guid":{"rendered":"http:\/\/yourcareerheights.com\/?p=192"},"modified":"2016-01-13T21:13:32","modified_gmt":"2016-01-13T15:43:32","slug":"reason-for-engineering-students-choosing-banking-profession","status":"publish","type":"post","link":"https:\/\/yourcareerheights.com\/?p=192","title":{"rendered":"Reason for Engineering Students choosing Banking Profession"},"content":{"rendered":"<p>Banking Sector has\u00a0registered progressive and impressive annual growth during the past\u00a0decade or more. During this period a large number of employees have since retired and during the next two or more years most of the senior personnel will be retiring from Bank services. Apart from this Banks are expanding their Branches. This has paved way for regular recruitments &amp;\u00a0employment by the Banks. \u00a0In the tumultuous financial breakdown of the entire world economy the Indian banking sector\u00a0stood firmly\u00a0and unaffected, raising its wings higher. With advancement of digital equipment&#8217;s and connectivity through the World Wide Web, banking has become a global phenomenon. It has not been limited to the mere transaction of money at the cash counter or keeping a ledger of accounts, but has travelled a long path since its inception. With the Banks adopting Core Banking Solution, Internet Banking and various other Technological Innovations, need for young and enthusiastic employees is felt. The scopes for people, who are working and studying in various backgrounds, are opening up. The job security and good pay structure is attracting many private sector enthusiasts to join the Indian banking sector and make a better career than their stressful private jobs.<\/p>\n<p><strong>Engineering v\/s Banking Career<\/strong><\/p>\n<p>During the past decade thousands of Engineering Colleges, private as well as Govt.,\u00a0have offered various Engineering Courses to lakhs of students every year. In many colleges several students have got good jobs through Campus Placements in various companies with a lucrative pay package, but this was not the end.\u00a0Due to\u00a0less no. of Engineering Jobs and\u00a0a large no. of Engineering students having passed\u00a0every year the number of jobless Engineers is increasing year on year basis which is further adding up on account of few losing their jobs on some pretext or the other, in this era of Global Meltdown and recession. On the Contrary Banking Sector have opened several vacancies in officer and clerical posts, thus\u00a0paving way for the job aspirants.<\/p>\n<p>Because of this the Engineering Students have since started preparing for Banking posts. The students belonging to Computer Science(CSE), IT and Electronics &amp; Communication(ECE) are preparing for IT, Managerial and Officer post. With background of\u00a0CSE, IT &amp; ECE\u00a0the candidates have upper hand in various officer and managerial posts in the banks as well. Due to the technological advancement in the banking sector, these engineering candidates are being welcomed by the banks on account of their possessing technical skills.<\/p>\n<p><strong>Benefits of Banking Sector over Engineering Sector<\/strong><\/p>\n<p>The Banking sector provides the following upper edge over Engineering:<\/p>\n<ul>\n<li>Job Security<\/li>\n<li>Better Pay Package<\/li>\n<li>PF, Gratuity &amp; Pension (New Pension Scheme),<\/li>\n<li>and many other financial facilities from the bank<\/li>\n<li>Better Leave\u00a0facilities, LFC \/Perks etc<\/li>\n<li>Better Promotion facilities. The candidates have chances to rise to a higher level up to General Manager\/ED\/CMD level\u00a0provided they acquire adequate skills\/knowledge and experience.\u00a0The payment and promotion structure in banking is another plus point.<\/li>\n<li>As compared to private\u00a0Engineering Cos. the stress level in Banks is less, However since the Banks deal in Finance the aspect of accountability\u00a0is higher.<\/li>\n<\/ul>\n <!-- AdSense Now! Lite: WP is not in the loop.  -->\n","protected":false},"excerpt":{"rendered":"<p>Banking Sector has\u00a0registered progressive and impressive annual growth during the past\u00a0decade or more. During this period a large number of employees have since retired and during the next two or more years most of the senior personnel will be retiring from Bank services. Apart from this Banks are expanding their Branches. This has paved way&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,2],"tags":[3,6],"class_list":["post-192","post","type-post","status-publish","format-aside","hentry","category-banking-jobs","category-interview","tag-banking","tag-technical","post_format-post-format-aside"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=192"}],"version-history":[{"count":4,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/192\/revisions"}],"predecessor-version":[{"id":195,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/192\/revisions\/195"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}