Thursday, 9 February 2012

Banking and Financial Sector Jobs and Career Opportunities in Pakistan

With the development and increasing banking operation in Pakistan, Bank jobs in Pakistan have become the most lucrative career option for Pakistani students.  Wage and salary employment in banking is projected to grow. A growing number of branches will increase employment of branch managers and tellers. Job opportunities should be favorable for office and administrative support workers because they make up a large proportion of bank employees and many individuals leave these positions for other jobs that offer higher pay or greater responsibilities. The need for skilled workers will create good job opportunities for individuals with financial services backgrounds. Since the banking industry depends on technology, an understanding of banking computer systems and software can greatly improve one's skills and advancement opportunities.

Banks employ various types of financial and customer service occupations. Office and administrative support occupations make up the largest portion of jobs in the industry. These occupations account for 64 percent of jobs in the banking industry. Bank tellers, the largest occupation, provide routine financial services to the public. Management, business, and financial occupations also employ a significant number of employees in the banking industry. These occupations account for about 25 percent of employment in the banking industry.

Occupations used widely by banks to maintain financial records and ensure the bank's compliance with government regulations are accountants and auditors, and lawyers. In addition, computer specialists maintain and upgrade the bank's computer systems.

A high school education is usually the minimum required education for most office and administrative occupations, while management, business, and financial occupations usually employ workers with at least a college degree. Good communication and customer service skills are necessary for all occupations in the banking industry. Since bank employees have access to large amounts of money and confidential financial information, most positions require a background check.

Bank tellers and other clerks usually need only a high school education. Through on-the-job training under the guidance of an experienced worker, tellers learn the procedures, rules, and regulations that govern their jobs.

Workers in management, business, and financial occupations usually have at least a bachelor's degree in business.  Many management positions are filled by promoting experienced, technically skilled professional personnel—for example, accountants, auditors, budget analysts, credit analysts, or financial analysts—or accounting or related department supervisors in large banks.

Various banking-related associations and privately-operated schools offer courses and programs for students interested in a career in Banking in Pakistan, as well as for experienced loan officers who want to keep their skills current. Completion of these courses and programs generally enhances the individual's employment and advancement opportunities. The Institute of Bankers Pakistan (IBP) is Pakistan’s only recognized Institute dedicated to providing technical training services for the banking industry in the country. The IBP has been offering a professional banking qualification program called the IBP Superior Qualification (ISQ), earlier known as the Banking Diploma Program.

The ISQ program is the only recognized professional qualification for bankers in Pakistan, which is recognized by both, the State Bank of Pakistan as well as the banking and financial services industry. The ISQ examinations are generally held in May and November.

IBP offers a wide range of training programs that cater to the financial services industry.

Effective Branch Management (EBM)

Certified Bank Tellers

Branch Fraud Risk Management

Branch Operations Specialist

MBA Banking Program

For jobs in Sindh Bank in Pakistan

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