Bank Jobs vs IT Jobs in india - Investocker

Bank Jobs vs IT Jobs: Employment is a big issue in India. Many young people have to face many problems in finding a job. The reason for this is not recognizing one’s abilities. The youth of India is not able to do what they want to do today. Because the needs and desires of the family sometimes come in the middle of his dreams.

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Many times people do not know which exam you will need to give to get that dream job. Or what should be your qualification to do that job? Today we are going to discuss two of the most popular IT Jobs and Compare Bank Jobs. We will tell you what skills you should have to get a job in these institutions. Along with this, we will also tell you how much salary you can get in these jobs.

1. History of Banks and IT Sectors

Modern banking in India started in the late 18th century. One of the first banks was the “Bank of Hindustan”. It was established in 1770. and was liquidated between 1829 and 1832. The largest and oldest bank that exists even today is “The State Bank of India”. This bank originated in 1806 in Kolkata. It was one of the three banks that were formed by the Indian Presidency. Apart from this, there were two other banks, the “Bank of Bombay”, which came in 1840, and the “Bank of Madras”, which came in 1843.

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Same India’s IT industry was born in 1967 in Mumbai. The first industry in IT was “Tata Consultancy Services”, which partnered with a company named “Burroughs” in 1977. And started providing IT service. The first export zone became “SEEPZ”, “The Precursor Modern Day IT Park”, which was established in Mumbai in 1973. In the 1980s, more than 80% of software was exported from “Seepz”.

2. Eligibility Criteria for Bank Jobs and IT Jobs

Bank Jobs are becoming a new craze among Indian Youth. From salary to benefits, there is only an advantage in banking jobs. The banking sector is the fastest-growing sector of India and will continue to grow rapidly. Graduation is the first and most important factor to get a job in a bank.

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The candidate must have completed graduation with a good percentile. The minimum percentile for reserved category candidates is 55%. There are two main jobs the bank provides after graduation, Clerical, and PO. Apart from marks, your age is also a factor. Sometimes the maximum age limit is kept at 25 or less.

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Whereas, to get a job in the IT industry, the candidate must have a bachelor’s degree. You can do BCA – Bachelor in Computer Education, B.Tech or BE, CSE, and IT field. If you have a training certificate, that would also work. Apart from this, if you have a master’s degree, then your chances of getting a job increase. If you take two years’ experience in the IT field, then you can get a good salary.

3. Exam & Skill Required for Bank Jobs and IT Jobs

Every bank has its exam, bypassing which you can get a job in the bank. SBI PO, SBI SO, SBI Clerk, IBPS PO, IBPS SO, IBPS Clerk, and RBI Office Assistant, some of the important skills you must possess to get these jobs are communication skills, and problem-solving, customer service, numbers Skills, Teamwork, and Leadership.

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At the same time, many companies keep their exams to get IT jobs, such as Wipro WILP, Cognizant, TCS NQT, TCS Smart Hiring, Capgemini Syllabus, and Tech Mahindra. Apart from this, there are many exams, which you can see by searching comfortably on the Internet.

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Some of the top skills that you should possess to work in the IT field are knowledge of new technology, the ability to improve the way of work, creativity, accuracy, and the ability to focus is also very important. You should also have good communication skills.

4. Salary Difference Between Bank Jobs and IT Jobs

The salary of employees in bank jobs depends on the position. The minimum salary of bank POs is Rs 7.55 lakh per annum, and the maximum can be Rs 12.93 lakh per annum. On the other hand, the average salary of a bank manager can be more than Rs 60,000 per month. And this increment also keeps happening. You can also go to a good position by giving a good performance.

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On the other hand, the starting average salary in IT jobs is 4 to 5 lakh rupees annually, which can increase with your experience. With 5 years of experience and skills, your salary can be more than Rs 12 lakh per annum.

5. Number of Employees and Companies

According to a 2018 data research, about 5.50 lakh employees were recorded in India’s nationalized banks. Talking about the number of banks, at present 34 banks function in India, of which 12 are public sector, and 22 are private sector banks. At the same time, according to data till 2020, the IT workforce of India is said to be more than 40 lakh people. There are more than 40,000 IT companies in India.

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6. Bank Jobs vs IT Jobs – Which is Better?

Bank jobs and IT jobs both have their advantages, and both have a lot of scopes for you to move forward. If you work hard you can get a good position. You can find out which job is best for your skills. Both jobs can be very popular and high-paying.