What career do you need to work in a bank?

What career do you need to work in a bank?
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Jobs in the bank, what is the job of the bank and the field of work

To work in banking, you will need to make a bachelor’s graduation in accounting or economics. It is very significant to have lessons in regulatory acquiescence and banking business follows.

The contribution of a bank to the economic prosperity of a country is immense. There is a saying in English, ‘The economic structure of a country depends on the banking system of the country – that is, the economic structure of a country depends on the banking system. Like other countries of the world, banking activities started in our country even before independence.

Since then, various ‘specialized banks’, ‘state-owned banks’ and ‘private banks’ have been established. In this age of competition, the total number of banks has exceeded 55, and the number of branches is expanding every year. The interest of the youth in this profession is increasing day by day due to the smart salaries and allowances of the bank, facilities, job security, and social status.

Bank work

‘The main function of a bank is to collect deposits and to lend the collected money. From this definition, it is understood that a bank basically accepts deposits, lends, and issues checks. Besides, providing necessary assistance in economic transactions of domestic and foreign trade is also an important function of the Bank.

Job field in the bank

The modern bank has four main branches of work. The scope of work of the branches is briefly presented here:

  1. Operations Branch: Generally this branch performs the functions of Financial Administration Division, Infrastructure Division, Software Division, Various Branch Supervision Division, Human Resources Division, and Marketing Division.
  2. Investment Branch: This is an important branch for the bank. This branch performs the functions of Small Entrepreneur and Consumer Division, Asset Management Division, Investment Policy and Planning Division and Monitoring Division.
  3. International Banking Branch: The notable divisions of this branch are the Department of Foreign Trade Management, the Department of Garments, the Department of Revenue Fund Management and the Department of Foreign Remittances.
  4. Internal Control and Compliance Branch: The work of this branch is usually carried out through Monitoring Department, Compliance Department and Audit and Supervision Department.

Recruitment process

There are usually some differences between the recruitment process of government banks and private banks. While students of all faculties can apply in the recruitment process of government banks, business education students are given more priority in private banks.

Various government media are mainly used for job advertisements of any government bank. In other words, recruitment advertisements are given starting from national newspapers to job websites and banks’ own websites.

Recruitment process in government banks

Newly graduates are recruited for three positions in government banks-

1. Supervisor

2. Officer

3. Senior Officer

Also in some cases, special people are hired. For example- IT (Information Technology), Accounting, etc. This is called ‘Special Recruitment’ in the language of banking. But such appointments are not usually given. Usually, people who are skilled and experienced in a subject are hired in this case.

Recruitment process of private banks

Generally, the recruitment process of private banks depends on the banks’ own (policy). There are some banks whose recruitment process is very similar, while there are some banks who arrange the recruitment process in their own way.

Employees are mainly recruited in private banks from four entry points. These entry points are Tailored Recruitment, General Banking Recruitment, Management Trainee Officer (M.T.O) or Probationary Officer (P.O) Recruitment, Lateral Recruitment.

Tailored Recruitment

Tailored Recruitment of private banks usually recruits new job seekers for a specific position.

For example, if there is a vacancy for a cashier in a bank, the bank will mention that in their job advertisement. The entire bank career of those recruited in this manner will usually be centralized in the cash branch. In the language of banking, it is called ‘Tailored Recruitment’.


Bachelor’s degree holders in any subject can apply for this post. However, some banks prefer degree holders in certain subjects (e.g. MBM degree). Must have obtained at least 2nd class in each examination.

Management Trainee Officer (M.T.O) or Probationary Officer (P.O) Recruitment

The M.T.O or P.O posts of each bank are specially recruited through high scrutiny. In addition to attractive salaries, these people are promoted very quickly.

There is no initial position for M.T.O or P.O. After completion of proper training and probationary period, they are appointed as Senior Officers or Principal Officers. Many of those who are currently in the position of Managing Director in various banks started as M.T.O or Probationary Officer at the beginning of their working life. However, there are some similarities between these two terms but there are also some differences. In some banks, fresh graduates are recruited as M.T.O or P.O.

The initial salary for the post of M.T.O and Probationary Officer is 25 to 35 thousand rupees. The amount of salary increases with experience.

M.T.Os is called ‘They are the future leaders of the bank’. In other words, they are the future leaders of a bank. The position of an MTO at the end of the probationary period depends on the policy of the bank, the efficiency of the probationary period of the MTO, and the training.


Generally, students with degrees in all departments can apply for the post of M.T.O or P.O. However, some private banks prefer degree holders in certain subjects. Such as Business Administration, English, Statistics, Economics, Mathematics, etc. Generally, the maximum age limit for applying for a job is 30 years.

Additional facilities

In addition to the basic salary, there are some other benefits for working in a bank. They are-

  1. Two official allowances per year.
  2. Dividend bonus about two-three per year.
  3. Employee loan, computer loan, home loan etc.

After retiring from a bank, there are job opportunities in various projects, private companies, and other banks. State-owned and foreign banks also have branches in other countries. You can also get job opportunities in these foreign branches depending on a good performance. The salary increases based on the experience and efficiency in the job in the bank.

Test method and type of question

Although there are some differences in the recruitment tests of different state-owned, specialized and private banks, the type of question is almost the same. However, the type of question also depends on the employers. Recruitment is either written or oral or both. Candidates selected for the written test can take part in the oral test.

Written test

There are some differences in the recruitment test question papers of public and private banks. Usually, the question papers for the bank recruitment test are prepared by the Institute of Business Administration (IBA), Faculty of Business Education, Bangladesh Institute of Bank Management (BIBM), or various such institutes. The written test question paper of 100 marks is in Bengali or English. Question papers are usually divided into two parts. The first part is subjective and the second part is compositional. Test time can range from one to three hours. The questions on the subjective part are usually from Bengali, English, Mathematics, General Knowledge, Science, Computer, Analytical ability, Puzzles, and Data Sufficiency. The written or descriptive test consists of questions from Mathematics, English, and Analytical Ability. However, the question of Islamic banks is a little different. In addition to the issues mentioned in the question, there are several questions on Islamic culture and economics. Banks other than government and Islamic banks are usually asked in English. Different banks differ in terms of test time and number distribution.

Oral examination

A notable part of the bank recruitment test is the ‘oral test’. An employer usually tests a candidate’s judgment, intelligence, communication skills, and leadership ability based on an approximately 15-minute oral test. Among the candidates selected for the oral examination, the employer mainly emphasizes the tactful aspect of the candidates. He may also be questioned about what the candidate has studied. The job seekers are also asked to know about the financial institutions of Bangladesh, the monetary policy of the country, capital market, current economic situation, the budget of the country, agriculture, etc. Moreover, the candidate should know banking and economic terminology well. There are many books on the market on all these topics that can be helpful for candidate preparation.

How to prepare

For Bachelors in Commerce:

A banking career can be very attractive for those who have a bachelor’s or equivalent degree in business administration if a student can take the right preparation at the right time. For an entry-level position, the door of recruitment test is open for a student who has passed from a business faculty. However, in today’s highly competitive job market, a candidate needs timely preparation to be employed in the banking profession of his dreams.

Since the examination procedure for recruitment in banks is almost the same for public and private banks, the candidates do not have to follow a separate syllabus. Recent subjects need to be well mastered for objective and written exams.

You also need to prepare yourself well for the oral exam. Since the oral test verifies the ability to analyze, present intelligence, communication skills, leadership ability, the examinee has to prepare himself in advance in all these matters. Private banks also verify in the oral examination whether the candidate wants to stay in the banking profession for a long time. So a candidate has to prepare himself for the oral exam with sufficient concentration.

For graduates in subjects other than commerce:

Students of science, humanities and other departments have to prepare for the recruitment test in banks just like the students of commerce department. That means you have to acquire skills in English, Bengali, Mathematics, etc. Besides, knowledge of various general activities and terminology of the bank has to be acquired.


Although the banking profession has become very popular in the current context of Bangladesh, you still have to decide whether the banking profession is suitable for you or for you. If you are planning to build a career in the banking profession, you will undoubtedly be wrong. Because, in order to move forward in any work, one should move forward considering one’s ‘desire’ and ‘ability. So if one wants to build a career in the banking profession, he must do some basic analysis of this profession.

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