“BFSI sectors have shown a significant rise in the last few years, especially for freshers. It provides job security along with many perks and benefits.”
BFSI Job Description is a sector that has experienced the most considerable growth in the last few years. The growth increased the chances for recent graduates and freshers. The job requirements for the banking, financial, and Insurance sectors are expected to show a significant rise in coming years, with a least expected increase of 13 percent of the country’s GDP. According to recent reports, it is said that by 2050, India and China will cover almost 50 percent of global banking assets.
There has been a noticeable growth in job requirements in the banking sector, especially for freshers. This can be a good sign, as the growth rates are high. But at the same time, it also requires having proper skills to be eligible to satisfy the job requirements. With the increase in Artificial intelligence and automation, things will be much different in the coming years.
Most banking tasks can now be completed online with little effort, reducing the need for labour as technology advances. With the increase in digitalization in today’s society, these advancements will grow. Hence, there is an alarming need to work on our skillset and increase our knowledge. Let us know and check out some rising job opportunities in this sector.
Also read: Career Opportunities for Graduates in BFSI Sector
Top BFSI Job Description For Freshers
Some of the top BFSI job descriptions for freshers in 2023 are mentioned below.
1. Bank Probationary Probationary Officers (PO)
The Bank Probationary Officers (PO) are the most popular job options in the banking sector. Candidates must pass the IBPS PO exam to be selected for this post. It offers a good salary with many perks and benefits. Probationary officers undergo training to handle various bank-related tasks.
Eligibility Criteria
Candidates need to have a graduate degree from a recognized university.
Job Responsibilities
The Probationary Officers are responsible for providing customer service to their customers and assisting them in various bank-related tasks. They are also responsible for sales and marketing of their bank. Pos also analyses customer profiles and passes on many pending decisions and proper banking solutions.
There are a lot of career opportunities for career growth and professional development as a Bank PO.
2. Telecaller Communication
As a Telecaller, you will make and receive calls to promote their bank services and sell their products. We must have experienced these advertisement calls once in our lives. There are requirements for freshers who can work as telecallers or customer service representatives.
The required skill set is not highly technical, and they offer a reasonable package. This is why it is popular among freshers, as they only require good communication and listening skills.
Eligibility Criteria
There are no specific eligibility criteria for the Tellecaller role. However, you must have passed your Class 10+2 or equivalent degree from a recognized board.
Candidates with bachelor’s degrees are also eligible for this job role.
Skills Required
Candidates for telecalling must have good communication skills. They must know how to interact with customers and help their company grow. They also must develop knowledge of the company’s products and services.
3. Sales Representative
As a sales representative, you must increase your company’s sales and sell their products and services. The banking and insurance sectors have always had requirements for sales representatives. Freshers can quickly start their careers in this sector. Candidates are given a target they need to fulfill within a period.
Eligibility Criteria
There are no specific eligibility criteria for the Tellecaller role. However, you must have passed your Class 10+2 or equivalent degree from a recognized board.
Skills Required
There are few skills required for this role. Candidates with good communication skills, active listening, and good customer interaction can easily perform better in this job.
4. Insurance Agents
This job role is very popular in the insurance sector. As insurance agents, candidates sell insurance policies to individuals and other businesses. They help clients by providing good insurance policies based on their requirements.
Eligibility Criteria
Candidates who have completed at least 10+2 are eligible to apply for this job role.
Skills Required
The skills required for this job role could be more advanced. However, as an insurance agent, you must adequately listen to your customers and give them the best suggestions. Also, you need to have strong communication skills, active listening, writing skills, etc.
BFSI Job Description FAQs
What are the minimum eligibility requirements to apply for a banking job?
Candidates need at least a bachelor's degree to be eligible for most of the openings in the banking sector.
Are there career opportunities in the banking sector?
There are many opportunities in the banking sector, as they offer their employees a handsome salary with many perks and allowances. Candidates can better manage their work-life balance. You need to learn more skills to get more opportunities in the banking sector.
What are the different sectors in the BFSI Sectors?
The different sectors in the BFSI sectors are Banking, Insurance, and finance.
What is the job role of a Probationary Officer (PO)?
The probationary officers are responsible for managing various bank daily tasks such as customer transactions, providing assistance to their customers, managing cash flows, loans, etc.
