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    Bank Jobs In Pakistan

    Introduction:-

    The function of this study is to find out the main reasons of growth in the banking sector of Pakistan and how it contribute to proceeds generation. As the banking sector plays an important role in the economic growth of the country so the government of Pakistan must support this sector. The growth in the banking sector was experimental after 1990 when liberalization was done through banking sector reforms .Bank is a financial organization which lends money and safeguards the deposits of the bank account holders. These deposits can be reserved by cherubs. Banks are measured as financial intermediaries. The function of a financial intermediary is to sell the products designed by them to make money. The banks obtain interest by selling their obligations. The Pakistani banking sector has gone through different phases of development. The sector was directed by the government of Pakistan to execute the development strategies till 1980’s (Hardy & Patti, 2001, p.13). To become stable the financial and banking sector of Pakistan, the government public sector the institutions so the declining economic growth can be revived (Akhtaret al., 20l0). Later in 1990, the government of Pakistan liberalized and deregulated the banking sector. To continue the market based banking, the government privatized the government banks and also made relaxations to help the private sector to open up new private banks. The goal was to improve the management system and increase the earning of banks by growth the quality of assets provided by the banks. Other then this, relaxations were provided in credit control, deregulations were observed in interest rates and capital market developments helped in creation of spirited environment in the banking industry of Pakistan (Akhtaret al., 2010). The banking sector of Pakistan has gone through three phases which are pre-nationalization, nationalization and post nationalization. In pre-nationalization phase, Australian Bank Ltd. and Habib Bank Ltd. were the only two banks after the divider of Pakistan and India on August 14, 1947. For both the recently established countries, the Reserve Bank of India was performing as the central bank. A need was felt to establish the banking sector of Pakistan because the Reserve Bank of India was not performing arts its functions fairly for Pakistani banking industry. The Pakistani government founded State Bank of Pakistan in1948 and National Bank of Pakistan in 1949. The Government then launched State Bank of Pakistan act in 1956 and introduced Banking Companies Ordinance in 1962 for the development of banking sector of Pakistan. The second phase began in 1974. The government decided to nationalize the banking sector by integration all the banks and established five banks. The last phase which is titled post nationalization began in 1990 when the government of Pakistan privatized the banks and denationalized two financial institution by making amendment in National Act of 1974. The government completed relaxation in the policy of opportunity up of private banks which certain the private sector to grow.

    Advantages of Bank Jobs In Pakistan

    • Range of opportunities: the Pakistan banking division is huge. Working for a bank doesn’t have to mean working as a cashier behind the counter, it could mean working in head office on marketing, HR or in any number of other roles.
    • Progression: as banking organizations are so large, there is always the chance to progress through the organization into other roles. Jobs are often advertised internally first, so once you’re into an organization you will be the first to know about vacancies.
    • Training: Banks are well known for having well-trained staff so anything your job role, you will be given the skills you need to do the job and many of these skills can be transferred to other industries should you decided to move on.
    • Benefits and salary: banking salaries are spirited and large bank employers often offer excellent extra benefits such as private healthcare and discounts with large retail handcuffs. Bank employees are also often able to get discounts on mortgages, loans and credit cards from their manager after a set period.
    • Prestige: banking is seen as a attractive and celebrated career and is felt to be more
    •  The Employees working under the banking sector will get good number of holidays which is rather comparable like a Government Employee.
    • Banking Industry pays healthy. The salary provide in a bank job is high as compared to other entry-level jobs in Pakistan. In a public sector bank, the salary of a experimental officer ranges at around 4-4.5 lacs per annum in a public sector bank.
    • protected than other sectors such as retail or fashion.

    How to Start a Career in Bank Job In Pakistan

    1-follow Masters Courses for higher Level Positions.

    2-decide The Right Degree in Economics or Finance.

    3-Prepare and show for Bank Exams.

    4-capture Trending Diploma/ Certificate in Finance or Accounting.

    5-Networking.

     

    How to Apply for Bank Jobs In Pakistan

    1-All the Bank Jobs will not be having the same range criteria the selection criteria may vary depending on the job role. But few factors will be common.

    2-The applicant of the Bank Jobs must first convene the eligibility criteria need as mentioned in the official notification by the ability of the Bank.

    3-Next the candidates must clear the Banking exam forcibly to proceed further.

    4-After that the selectants of the Bank Exams based on the Cut Off Score set by the official of the Bank must focus the personal Interview or next rounds.

     Most popular Certifications For Bank Jobs In Pakistan

     

    1-Chartered Mutual Fund Counsellor (CMFC)

    2-Certified Public Accountant (CPA)

    3-Chartered Financial Analyst (CFA)

    4-Certified Financial Planner (CFP)

    5-FRM.

    6-Certified Management Accountant (CMA)

    7-Certified Financial Planner (CFP)

    8-Chartered Alternative Investment Analyst (CAIA)

    9-BAT Course.