Let’s state a fact there is no other place in the world where economics is one of the major functions in a marriage as in India. We aren’t even talking about the ‘big fat Indian wedding’ but mere search for grooms and also brides (as more women enter the workforce) is often subject to their careers, salary and biggest of all financial stability. While ‘marriages are made in heavens’, Indian parents and even the would-be brides and grooms tend to solemnize it after taking the economics into account! If you are all set to choose a career option for yourself or your son or daughter, a career in banking would be ideal. So here are our five reasons why bankers would be ‘in-demand’ brides and grooms in the future.
#1 Banks Sets To Enter Hinterland
Indian economy is often a story of contrasts. Although we boast about being the seventh largest which is slated to become the third largest in the world by 2030 we are also home to the largest population of people living Below Poverty Line. The boost in the economy will propel millions of Indians to come out economic hardships and become banking customers. Currently, only about 50% of the population in India have access to banks compared to near 80% in China and over 85% in developed countries in the world. Most of these institutions are concentrated in the urban areas. But the next major push for banking would come up in the hinterland and the rural areas of the country and this will create hundreds of thousands of white collared jobs in Indian hinterland.
# 2 Million Jobs To Be Added
You are tired of hearing stories of downsizing in every major industry that you can think of. IT which was a dream career option a decade back and the success story in the country adding thousands of jobs has started showing signs of crack. The banking sector is all set to add around 2 million jobs in the next decade so it is where your heart and mind should be.
# 3 Good Salary
The average banker is paid better than average IT employee or those working in sales and manufacturing. With the pay structure good and regular increase that easily beats inflation, banking is surely one of the best career options going forward.
#4 Government’s Big Push
Since the start of this decade, the government including the previous one has been working extra-time to increase the reach of banking among the lower middle class and the poor in the country. With big policy initiatives such as Direct Benefit Transfer riding on bank accounts, it can be seen as a safe career option for the next few decades.
#5 Comfortable Job Profile
Last but not the least the life of a banker is relatively time bound compared to people in other jobs that pay similar salaries. Banks have fixed opening and closing hours and most bankers can enjoy a quality life as against many other job profiles in India where people are over-worked.
Well, can you think of another career option that offers you as much opportunity of growth as a job in the banking industry? While you may enter at the entry level as a clerk and grow your career up until the ranks there are seven and even eight figure opportunities right at the entry levels that you may want to explore. Banks are increasingly recruiting financial planners and people into their investment banking arms that offer that presents to you one of the most lucrative career options. If you are a Certified Financial Planner you can expect to earn your millions right from the very start. So take up a CFP course today and you will improve your odds in the nuptial market. Well, just kidding or may be not!