Is banking a good career in Nepal?

Undoubtedly, banking is one of the most preferred jobs all over the world. Nepal can’t remain untouched as banking jobs are liked by most people as it is the highest paying jobs. It provides a wide range of variety in the availability of jobs from an administrative level like CEO, finance analyst, and bank manager to entry-level jobs for freshers. One who has an interest in the banking sector can always climb his way up to the top.

Initially, banking jobs pay a good amount of money to the freshers too. In this age of ‘source-force’ banking sector provides a lot more cause one needs to have determination and commitment and he/she can reach the top with their own without any source force. There are a lot of examples. The question might arise as to why is banking job is so preferred? There are numerous reasons. Some of them are given below:-

• Attractive pay:- the banking job falls into one of the highest paying jobs. The average salary for freshers in the banking sector is more than180k annually and it increases according to the position you are involved in.

• Highly professional sector:- banking is a highly professional sector that provides knowledge and you can grow. One can get promotions if they can show their growth and commitment. It is a rewarding job.

• Enticing benefits:- the banking sector’s benefits are a lot. The employees get huge benefits like health insurance, life insurance, easy loan, and many more.

• Transferable knowledge and skills:- the skills and knowledge you learn from the banking sector can easily be transferred to a new generation. The skills never betray you and learning skills is always beneficial.

Careers in the banking sector

There are a lot of careers in the banking sector which you can choose. One can always look for a job and find one even if without experience. Here is the list of jobs that will be helpful:-

1. Probation officer

The probation officer is a job that you can get even after being a fresher. It is one of the reputed jobs in the banking sector. If you work hard and gain experience then you can get promoted to assistant manager. he/she can earn more than 300k per annum. You just need to pass the exam of PSC to work as a probation officer. A probation officer is responsible for handling customers, providing them information about their bank details, and checkbooks, managing cheques, and passing cheques. They help in the verification of report, handle cash, and manages relation with customers.

2. Bank teller

A bank teller is a person who is responsible for providing account services to the customers by receiving deposits, creating accounts, and loan payments, and handle transactions to another account, chasing cheques, and issuing savings and withdrawals. They need to possess basic skills like time management, communication skills, proper handling of cash, and many more.

The qualification of a bank teller is having sales skills, with the experience of working in the banking sector. They need to possess at least certification and has to possess the willpower to work. Sometimes, in the beginning, people get afraid of a lot of work.

3. Accountant 

A bank account is a person responsible for managing the ledgers and checking the expenditure and income inside any bank. The role of a bank accountant is similar to the accountant of other companies. he/she is responsible for amicable maintenance of the financial documents. They settle the accounting documents, general ledger, journal entries, and other various accounting reports. They help in creating financial stability and provide an idea of how to reduce expenditure and increase the income inside any company. A person working as an accountant needs to possess critical thinking, time management, and an eye to see the mistake.

4. Financial analyst

A financial analyst is responsible for financial planning, strategizing the plans on how to increase the customers in any business. A bank’s financial analyst also gathers data for understanding trends in the industry and makes strategies to achieve financial stability. They support forecasting and analyzing the capital expenditures, depreciation, proposals, investment opportunities, rate of return, profit plans, operating records, financial statements, etc. the salary of financial analysts is 1200k per annum. he/she needs to possess critical thinking, problem-solving ability and analyze financial problems, and finding their solutions

5. Branch Manager

A branch manager is a person who is responsible for managing day-to-day operations in a bank. he/she is responsible for developing business plans and attaining sales goals, delivering great customer care, and growing revenue through increased lending activity. A branch manager is a person who provides training, coaching, development, and motivation for bank personnel. he/she is responsible for managing the work environment inside the bank. To be a bank manager one needs to possess a bachelor's degree with proven experience, excellent organizational skills, management ability, and critical thinking.

There are a lot of similar jobs in banking sectors from the administrative level to the clerical level. Many people prefer banking jobs as the banking job pays great and provides transferable skills. The other careers in the banking sector are- relationship management, loan officer, asset manager, internal auditor, foreign exchange trader, financial manager, accounts manager, risk manager, and many more. If you want to know more about the bank job vacancy then visit slicejob.com.