Monday, 4 January 2016

IBPS PO Interview Questions : Why Banking After Engineering?

IBPS PO Interview Questions : Why Banking After Engineering?

Why Banking After Engineering?

Dear experts. It is really very important question ,most of us are graduated from prestigious educational institute. Then
“Why Banking After Engineering ?”….
This is the most asked question in bank interviews for latest bank jobs for engineering graduate freshers. Similar to the question “Why MBA after B.E. or B.Tech?” this is a very important question that one needs to prepare for when going for any banking sector interview.
Traditionally, it is believed that bank jobs are taken up either by commerce graduates or MBA degree holders. However, with the sheer amount of engineers that India is producing year after year, that picture has changed quite a lot in the last decade. More and more engineers readily choose banking jobs straight out of their engineering college.

The straight-forward answer to that is either one of these two or both:
  1. Banking career in India is secure.
  2. Banks offer better salary package over other sectors.
Even if you have a third option in mind already, you need to be able to put it very clearly before the interviewer. Many applicants aren’t very sure of why they are going into a banking sector job, so I advise that you take time out before the interview to write down what a career in banking means to you and why you are a perfect fit for the said position in the bank.
Here are some of the points that I think should come in handy for any engineer preparing for bank interview.

Never say it jobs are not secure ,it shows that you don’t have any confident on your work ,if you are really worthy for company ,company will not leave you at any cost..
You can  say even I can earn more but I am unable to give proper time to my family and other relations.On the other hand if we consider banking nowadays is far more than just depositing money or lending money.With globalization and growing economy it is serving numerous complex financial functions for financial sector .so it requires highly professional tech savvy and candidates having strong analytical ability .Many nationalized banks nowadays want to develop their own software and they are recruiting engineering freshers as it officer. In terms of knowledge ,experience and growth banking sector is providing numerous opportunities.
It is the world’s financial institution in business sector, without banks there would be a financial problems, i.e storing of money, proper utilization of money, savings of funds, loans for business, etc…. will not

I choose a Banking  job after Engineering because:

  1. Changing with times, banks have been fastest to adopt new technologies. As an engineer, I keep myself up-to-date with latest trends in technology sector.
  2. ATM's, Internet Banking, Mobile Banking, Credit/Debit Card Management all these departments need engineers.
  3. Engineers have really good mathematics & analytical skills – something that the job demands.
  4. If applicable to your profile, you can talk about leadership. How you organized events at college level or at internship level. Banks need leaders in every department.
  5. Communication Skills. A must for any banker. You need to quote real life examples from your experience at college and extra-curricular activities that helped you build really good communication skills.
  6. Stability IT/Core Engineering jobs are highly unstable. If I am looking for a stable career option that pays well, banking offers really good options.
  7. Perks at a bank job are really attractive for me as an engineer looking for a long-term stay. For eg: Cheaper loans, Accommodation facilities, Fuel for vehicles, LTC or LFC etc.
  8. Banks have a fair selection process that relies heavily on merit. You can prove it to the interviewer that your technical know-how coupled with analytical skills are perfect for the bank job.
  9. Every bank today has an Information Technology department. You can learn software used in bank (at least the basics) and that will come in really handy.
For eg: Finacle, BANCS, Flex Cube are the various leading software used in banks. As an engineer, it should be easy to train yourself in any one of those.
  1. Last but not the least: Let the interviewer know that you are in this for the long-ride. Banks suffer from high attrition rates and most employees frequently shift their jobs. If you convince the interviewer that you don’t like job-hopping (Something that’s prevalent in IT sector), you increased your chances of getting selected.
Some Students still think after being having all these facilities still why should I leave my academic career and go for banking  but friends next few lines can clear your all doubts regarding your careers.

A bank is having different departments :

I T Department:- CSE  AND IT students can apply.
Marketing Department:- MBA graduates can apply
Technical Department:- ECE AND EEE students can apply
HR Department:- MBA candidates can apply
Law Department :- Law students and students preparing for others such exams can go for it

Other benefits of Banking sector 

Other than salary, pf/gratuity/pension/leave encasement/loan at lower interest are other benefits for a bank employee.Scope of internal promotions is frequents and quite high compared to other sectors. On an average the no of young managers are growing in banking sectors. A dedicated young officers after joining can aspire to be a manager in 3-4 years .therefore if we analyse the professional growth prospect and stability it will always one of the best option to choose even for engineers.

Career Prospects for Engineers (Banking Sectors)

If we consider about career growth, time span to reach to a management level for engineers in banking sector, comparatively it takes much for employees. A good student might start his engineering career with a very good package but the fear of job lose looms inside him always because of the uncertainty in IT sector. The fluctuating rupee and slashing of export orders are cutting into profit margins of many IT companies which expect further slowdown in their revenue earnings. Engineers are preferred in IT Divisions, Managerial Posts, Officers Jobs etc since they are very good with resolving the most complex problems.

Career Prospects for Engineers (Non Banking Sectors)

According to multiple estimates, India trains around 1.5 million engineers, which is more than the US and China. In job market where there are few jobs for India’s overflowing technical talent pool. Million students graduating out of India’s engineering colleges run the risk of being unemployed. it has been seen that students with the background of computer science technology ,information technology and manufacturing are placed compared to other trades like chemical engineering ,mechanical or electrical engineering. Placement for students from highly reputed institute like iit nit is easy but many others find it very difficult to get a good job short engineering career may or may not be provide a god job depending on the job market and economic condition and eventually it becomes quite stressful to be in competition and being a consistent performer in long run.

IBPS PO Interview Questions 2015 - IBPS Probationary Officer Interview Experiences

Common banking test may be a one time exercise but the selection gets over only after each bank completes its interview proceedings.So candidates have to prepare for every bank interview just like preparing for exams earlier.It is not always easy to read the minds of panelists. 
Due to this personal interview sessions always tend to create panic among young people.But by being bold & ready to encounter any type of question with confidence, it is possible to keep fear at bay.
have been explained here to help those CWE pass outs understand the strategy.
Procedure & Marks
From the applications received, candidates will be shortlisted for interview stage based on their CWE scores and no. of vacancies.From 2013 onward, common interviews for banking jobs are to be introduced.
 It shall be conducted for 100 or 50 marks & the minimum marks to qualify for final selection shall be 40-50%. But for you to compete with others, securing the max. score is important, which can be attained by proper preparations.

What to Prepare
Although, predicting exact questions is not possible, there are certain topics that are sure to be touched by the panelists during an interview for bank posts.  

Sure Interview Questions For Bank Jobs

1. Personal details
This will be the first section wherein you are asked about your family, education etc., Normally the question is like ‘Tell us about yourself’.
 Start with a short introduction about family background & move on to highlight your skills & achievements or college projects. (checkout 10 New Tips to crack IBPS PO interviews)

2. Study your resume/ bio data
The bio data or resume carries great importance as its the official document about you. As bulk of the questions would revolve around the data you provide, pay attention while filling the form given at the interview venue.
 Get familiar with what you have written so as to avoid giving wrong answers.
 3. Banking knowledge
Applying for a bank job & don't know what is a term loan?The chances of you making it to the final list would only get distant.There are roughly about 100-130 regularly used words in banking & financial sector.
 There is no alternative apart from memorizing those terminologies but it isn't that hard since banking awareness knowledge is a section of the common bank exam.
 Rather than relying only on websites,you can also purchase some books that provides detailed explanations.
 4. Latest news
‘What is the current repo rate’, ‘Who is the chief of Asian development bank’ – answers to these would be known only if you read newspapers everyday.
 Not limited only to economy, you could also encounter questions about national events such as the recent satellite launch, location of asia`s largest solar park etc.,
 G.K books may help for historical data but newspapers & news channels are your only source for latest happenings.

5. Know your state
Public banks are now demanding applicants for clerical posts to posses proficiency in local language of the state.
In addition to testing your language skills, expect queries on the no. of districts in your state, names of ministers,governor or about a place of importance.
 These questions need not necessarily test your knowledge but enables the interviewer to deduce your communication skills.
 6. Know about the organization
Few questions on history, performance, awards or chairman/MD of the bank could be asked to gauge your level of preparation & interest in taking up the job.
 Visit the bank`s website, look for a section ‘About us’ under which all the info ranging from mission, vision to previous year`s financial results will be available.
7. Know yourself
Now comes the real part, where you need to talk more.What could you be questioned on?
  • What are your strengths & weaknesses?
  • What is your biggest achievement?
  • How can you be useful to our bank?
Answering these can get tough if you have not though about this in advance.

Responses like ‘My biggest strength is working hard’ & ‘Short temper is my weakness’ will only send wrong signals to the interviewing panel.Don't sound too vague or object of ridicule.

While officer post requires managerial & team building skills, clerical employees are required to have good customer handling capabilities.

Understand the job profile & frame answers that could bring these qualities to the fore.
8. Why bank job?
Are you applying for entry level posts in banks with BE/MBA/MCA degrees? If yes, either of the following questions could be heading your way
  • Why are you applying for banks with technical degree
  • Are`nt you overqualified for PO/ clerk position
The best answer here shall be the real reason which pushed you to write CWE & apply for bank jobs.Try to come up with a reply that would convince the panel.
Checkout our previous post - How to answer why you chose bank jobs to read on what to say in detail.
 These are the 8 sure shot questions that you need to prepare for cracking upcoming bank interviews!!


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