A Bank Manager is responsible for managing the day-to-day operations of a bank or financial institution's branch.
Personal Competencies
You are good at Maths
You like to lead
You can make people work under your directions
You would like to work in an office
Entry Pathway
Government Banks
1. Complete 10 + 2 in the Commerce or Science stream (Physics, Chemistry and Biology) → Pursue Bachelor’s in any subject → Qualify IBPS PO Exam or SBI PO Exam → Induction Training at the Management Training Academies of the Bank → Join the bank as Assistant Manager on probation → After 3–5 years you can become a Bank Manager Private Banks
2. Complete 10 + 2 in the Commerce or Science stream (Physics, Chemistry and Biology) → Pursue Bachelor’s in Accounting/Economics/Business/Finance or any related subject → Follow it up with a Master’s in the same or allied field → Qualify any Probationary Bank Exam held by private banks → Join as a Banking Professional → Rise to the level of Bank Manager
Please check the duration of the course during enrolment
Where will you study?
The course is offered by the Department of Finance/Banking/Business Analysis. This list of institutes is indicative only
Government Institutes 1. Indian Institute of Management, Ahmedabad 2. Indian Institute of Management, Bangalore 3. Indian Institute of Management, Calcutta 4. Indian Institute of Management, Kozhikode 5. Indian Institute of Management, Indore 6. Indian Institute of Management, Lucknow 7. Faculty of Management Studies, University of Delhi 8. Department of Management Studies, Indian Institute of Technology
Private Institutes (Please check if Institute is affiliated and accredited with UGC before applying) 1. Xavier School of Management, Jamshedpur 2. Management Development Institute (MDI), Gurgaon 3. SPJIMR, Mumbai 4. T A Pai Management Institute, Manipal 5. Great Lakes, Chennai - Great Lakes Institute of Management 6. IBS Business School, Hyderabad 7. Goa Institute of Management 8. Institute of Management Technology, Ghaziabad
*NPTEL stands for National Programme on Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio-video form
Fees
The approx. course fee for an MBA ranges between INR 20,000-40,00,000 depending on the type of college*
*(The above-mentioned figures are approximate numbers. This will vary from Institute to Institute)
Scholarships & Loans
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes* • Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI* • Scholarships are also made available in institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA) • Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc. • All banks give education loans
Where will you work?
Places of Work: Public and Private Banks
Work Environment: It is a desk job. You will handle a team. Banks usually work for 5 to 6 days a week and for 8 to 9 hours every day.
Opportunities for work exist for differently abled in this field
Expected Growth Path
Officer → Manager → Senior Manager → Assistant General Manager → General Manager → Executive Director → Director → Chairman
Expected Income
The approx. salary of a Bank Manager ranges between INR 26,667 - 1,00,000* or more per month.
Arundhati Bhattacharya is a retired Indian banker and former Chairperson of the State Bank of India. She is the first woman to be the Chairperson of SBI. In 2016, she was listed as the 25th most powerful woman in the world by Forbes. She started her career as a Probationary Officer with SBI in 1977. She has an M.A. in English Literature.*
Bank Manager/Branch Manager
NCS Code: 1211.0100 | BFSI18Government Banks
1. Complete 10 + 2 in the Commerce or Science stream (Physics, Chemistry and Biology) → Pursue Bachelor’s in any subject → Qualify IBPS PO Exam or SBI PO Exam → Induction Training at the Management Training Academies of the Bank → Join the bank as Assistant Manager on probation → After 3–5 years you can become a Bank Manager Private Banks
2. Complete 10 + 2 in the Commerce or Science stream (Physics, Chemistry and Biology) → Pursue Bachelor’s in Accounting/Economics/Business/Finance or any related subject → Follow it up with a Master’s in the same or allied field → Qualify any Probationary Bank Exam held by private banks → Join as a Banking Professional → Rise to the level of Bank Manager
Please check the duration of the course during enrolment
The course is offered by the Department of Finance/Banking/Business Analysis.
This list of institutes is indicative only
Government Institutes
1. Indian Institute of Management, Ahmedabad
2. Indian Institute of Management, Bangalore
3. Indian Institute of Management, Calcutta
4. Indian Institute of Management, Kozhikode
5. Indian Institute of Management, Indore
6. Indian Institute of Management, Lucknow
7. Faculty of Management Studies, University of Delhi
8. Department of Management Studies, Indian Institute of Technology
Private Institutes
(Please check if Institute is affiliated and accredited with UGC before applying)
1. Xavier School of Management, Jamshedpur
2. Management Development Institute (MDI), Gurgaon
3. SPJIMR, Mumbai
4. T A Pai Management Institute, Manipal
5. Great Lakes, Chennai - Great Lakes Institute of Management
6. IBS Business School, Hyderabad
7. Goa Institute of Management
8. Institute of Management Technology, Ghaziabad
Information on the institute rankings can be found at - https://www.nirfindia.org/2022/Ranking.html
Distance Learning Institute
Indira Gandhi National Open University (IGNOU)
Online Courses
• NPTEL* Swayam: https://swayam.gov.in/explorer?searchText=accountancy
• Udemy: https://www.udemy.com/courses/finance-and-accounting/accounting-bookkeeping/
• Coursera: https://in.coursera.org/courses?query=accounting
*NPTEL stands for National Programme on Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio-video form
The approx. course fee for an MBA ranges between INR 20,000-40,00,000 depending on the type of college*
*(The above-mentioned figures are approximate numbers. This will vary from Institute to Institute)
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes*
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI*
• Scholarships are also made available in institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA)
• Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans
Places of Work: Public and Private Banks
Work Environment: It is a desk job. You will handle a team. Banks usually work for 5 to 6 days a week and for 8 to 9 hours every day.
Opportunities for work exist for differently abled in this field
Officer → Manager → Senior Manager → Assistant General Manager → General Manager → Executive Director → Director → Chairman
The approx. salary of a Bank Manager ranges between INR 26,667 - 1,00,000* or more per month.
Source: https://www.payscale.com/research/IN/Job=Bank_Manager/Salary
*These figures are indicative and subject to change
Experts from the field
Arundhati Bhattacharya is a retired Indian banker and former Chairperson of the State Bank of India. She is the first woman to be the Chairperson of SBI. In 2016, she was listed as the 25th most powerful woman in the world by Forbes. She started her career as a Probationary Officer with SBI in 1977. She has an M.A. in English Literature.*
Source: https://starsunfolded.com/arundhati-bhattacharya/
*The above information is for training purposes only and will not be used for any commercial gains
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