Technical Jobs in Banking Sector & Ways to Join

or all these to work properly in Banking Sector, the need for relevant technical experts is essential. In this background, the details of The Technical Jobs Available in the Banking Sector.

Tejanand Rompicherla

28 Jun 2023

The banking sector in India has been at the forefront in terms of job placements for the past two years. With Online Banking, Mobile Banking, and Mobile Apps, customers are doing their transactions without going to the bank. Cash Deposit Machines (CDM) and ATMs save time for customers. All these are based on technology. For all these to work properly, the need for relevant technical experts is essential. In this background, the details of The Technical Jobs Available in the Banking Sector.

It is estimated that 40 percent of Technology-based services are registered in the banking sector in the country. Currently, the respective banks are exclusively managing websites and apps for credit cards, insurance (general/health/accident/vehicle), mutual funds, along with general banking services. In this order, experts have to solve all kinds of technical problems and doubts faced by the users. Due to this, the demand for technical experts in various banks is increasing.

Network administrators

A Network Administration department is mandatory for every bank given the technology-based services offered by the banks at present. Banks are relying on the online system to provide necessary services to customers along with internal affairs in a centralized system from their head office to branch offices. Servers, LAN, and Intranet are required for this purpose. The network department needs experts to manage these. With this, the banking sector is becoming an employment platform for candidates with dot net skills. Completing specialized certifications like CCNA, Network Administration, etc. will improve your chances. Along with network professionals, related hardware professionals are also in demand in the banking sector. Skilled network administrators are getting a starting salary of over Rs.30 thousand per month.

Data Management

In the context of the modernization of banks, the importance of Data Analytics experts is increasing. The Data Management department is useful for banks to collect and analyze information about the services and products desired by the customers. There is a good demand for experts like Data Analysts, Data Scientists, Big Data Managers, etc. in this sector. Candidates who want a career in the field of data management can get better opportunities if they have SaaS and Hadoop certifications. By completing courses related to Data Science, Big Data, And Business Analytics, one can acquire the skills required by the job market. They are guaranteed a salary of Rs.30 thousand to Rs.40 thousand per month.

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Cloud Experts

Cloud Services is a sector that provides wide opportunities in terms of online and technology-based services in the banking sector. Banks are relying on various online tools to bring their services and products closer to the customers. Especially many mobile apps are being created. Cloud technology is required for customers to directly download and use these. Candidates who know HTML, .NET, and Computer Programming can easily acquire the skills of the Cloud Department. There are no academic courses specifically related to cloud services. Many software development companies offer cloud certification courses. For example, HP Cloud Certification, and IBM Certified Cloud Security Knowledge belong to this category. Those who complete the courses get jobs like Cloud Consultant, Cloud Sales Executive, Cloud Architect, and Cloud Developer.

Cyber security

One of the most critical areas in terms of the Online operations of banks is cyber security. Cyber security is part of ensuring that the website or Online Tools and services are not hacked. Recently, Cyber Security has become very important in the face of the increasing threat of hacking. It has now become imperative for banks to focus on cyber security, especially where the information and operations are purely financially related. Moreover, before introducing an online service or product, there is a need for experts who can test its security level and its vulnerability to hacking. This has increased the opportunities for Cybersecurity professionals in the banking sector. It is estimated that by 2025, there will be a need for around 5 million cybersecurity professionals across all sectors. In this, the share of the banking sector is 25 to 30 percent. Those with skills in this department can get the post of cyber security executive with a salary of Rs.30 thousand at the entry-level.

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Digital Marketing

Another sector that is gaining importance in the banking sector is digital marketing. Banks that are serving in online mode are going digital to reach those details to customers. They are sending e-mails and SMS to the users informing them about the services they are providing, the new schemes to be introduced, and their special features. In this order, there is a need for content developers, designers, and web development experts who can create attractive information about related services. Professionals who possess these skills are getting good opportunities.

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Ways to Enter Technical Jobs in Banking Sector

To get into public sector banks, one has to pass the Specialist Officer Common Written Examination conducted by the Institute of Banking Personnel Selection (IBPS). Banks are conducting campus recruitments in IITs and other leading institutes for middle-level and upper-middle-level jobs in the technology departments of public sector banks. Private sector banks also conduct their recruitment tests and conduct campus drives at IITs, IIMs, and other leading institutes. Apart from these, advertisements are given on online job portals and websites of respective banks.