Although banks intend to hire 10 lakh graduates in the next five years, competition would be stiff, say experts at The Hindu Education Plus seminar

Till the time people handle money, the banking sector will flourish. A career in the Banking, Financial Services and Insurance (BFSI) sector would, therefore, be a desirable option, a panel of experts said on Saturday.

Banks alone are expected to recruit about 10 lakh graduates in the next five years. Those interested in this segment should gear up for examinations, the panel advised at a day-long seminar on A Million Jobs Await You – Are you Ready? organised by Talent Sprint in association with The Hindu Education Plus.

“Banking sector offers a huge opportunity to young graduates,” Chief Operating Officer of the Institute for Development & Research in Banking Technology Patrick Kishore said. Public sector banks (PSBs) provide job security and allows its employees to explore their potential, Mr. Kishore added.

Private sector banks assure career rise for hardworking individuals, Kotak Mahindra Bank vice president G. Vaasudevan said. “For those driven with passion, private sector banks can offer faster career progression,” he said.

Karvy Computershare CEO V. Ganesh spoke of traits that recruiters look for in potential candidates.

“Proper attitude is the most important aspect a student should have. This apart, students should have knowledge, the requisite skills or demonstrate their ability to acquire skill,” Mr. Ganesh said. Banking careers offer challenges and can absorb any graduate irrespective of their stream of study as long as the candidate is willing to learn, the panel observed.

Wells Fargo VP (human resource) Amarnath Grandhi and Broadridge VP Ranjith Roy also participated in the event. Though there were opportunities in the BFSI sector, competition would be stiff, Talent Sprint CEO Santanu Paul said.

“In the next five years, there will be about 2 crore fresh graduates competing for 10 lakh jobs. Hence, students should start preparing for the entrance examinations in the right earnest,” Dr. Paul advised.

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