- Banking is pretty much an easy-going job with a good income and a lot of facilities.
- At times, banking can be really monotonous as you are confined to a room from morning to evening.
- This profession offers you a stable and secure job with fixed working hours and can enjoy a lot of holidays.
- One needs to start early with their preparation for the bank exams and can expect a good start in their lives.
Name – Vishnu Prasad Sen
Age – 56 years
Gender – Male
City – Kolkata
Industry – Banking
Where have you been born and raised?
I was born in a very small village in north 24 Parganas, in West Bengal. My previous generations were immigrants from Bangladesh, thus we had to go through a lot of struggles.
My father was involved in a textile business. We belonged to an above average socio-economic family. My mother is a homemaker. I was raised along with my younger brother. We had a big family and a wonderful and memorable childhood, where we played in the lush green environment away from the hustle and bustle of the city life.
Who had the most influence on you?
My family had always supported me. Since I was the eldest sibling in the family, I had to reach the level where I had to support my family and younger brother’s education. The biggest motivator cum influencer in my life has been a math teacher of mine. He always said I had strong potential. He told me a lot of stories of success and many tales and used to tell me that the most important achievement in life is Honesty. I will adore his teachings all my life.
Please give us a summary of your career.
After my class 10th, I chose to pursue science in my intermediates. I was always crazy about maths. But, I badly needed a job to support my family. So, I started preparing for the government exams.
I finally got into Banking. Initially, I changed a few banks and settled in Syndicate bank. I will complete almost 35 years of service in this bank.
I started the accounts department, gave a lot of exams and now I am the Assistant Manager of the bank.
What is that one factor that motivated you to choose Banking as your career option?
There was nothing which is very specific that motivated. When I entered the profession, I started to enjoy the ambiance and the work style.
My background in maths helped a lot in the career because I was able to perform tough calculations even without a calculator.
What have been your educational qualifications? How would you define your journey to the platform you have reached today?
I pursued my graduation in Mathematics (honors) from Calcutta University. My journey had not been very easy. In the banking sector, I had my own struggles such as meeting targets and own intra-bank competition.
There have been times when everyone left for their home, but I had to still work. The payment scales in the government has always been good. And the job is pretty much comfortable, where you don’t have to travel much.
Which institutions are best for the entry-level courses?
If I talk about institutions, one needs to understand that banking could be done in two ways.
You can either work for Government Bank or you can choose to work for a Private Bank. For Government Bank, you need to clear Govt. exams. In order to go to the private bank, you need to have preferably a science or commerce background.
For managerial posts, you need to have an MBA. You can sit for CAT or GMAT and go for premier institutes like IIMs and MICA. But you can also get your MBA done from other colleges. The degree counts for sure. There are several types of banking disciplines such as investment banking and others. You can earn a lot of money.
What has been the approximate costs involved in pursuing the profession you are in?
Umm, these days getting an education in any field from a private college is pretty expensive. It almost costs around a minimum of 3–4 lakhs INR for any course plus hostel accommodation, which can cost around 2–3 lakhs INR.
Apart from that, if one wishes to pursue MBA that can cost him around 7–10 lakhs INR from a good college.
What is the remuneration one should expect while starting out in your field/carrier?
While starting out in this career, if it is a government bank, they income follows a fixed scale and is around 22–25K INR pm. As you get a promotion, the pay scale increases. In private bank, however, experience and educational qualification count more.
Starting out — 3 to 4 Lakhs INR per annum
5 years’ experience — 4 to 6 Lakhs INR per annum
10 years’ experience — 8 to 10 Lakhs INR per annum
Please describe your work.
My daily routine, being the Assistant Bank Manager, includes the management and sanction of loans. I am also in charge of the locker department. As I am the Assistant Bank Manager, I am responsible for the security of cash transactions. I need to look after the schemes and policies introduced by the government and their implementation procedures. My working hours as I am the Assistant Bank Manager, are usually from 10 am to 5 pm. Sometimes, I have to stay up until 8:30 pm and even later.
What kind of person would be happy in your career?
I feel someone who is ready to work hard, devote long hours, and meet commitment can survive in the field. It is more or less a pretty comfortable job
This profession serves best if someone can exhibit leadership traits, have a great vision and is good at communication.
What are some of the positives that would encourage someone to take up this job/carrier (Assistant Bank Manager / Banking)?
- There are numerous positives in banking carrier. It is one of the best options if you want a hassle-free life with utmost comfort.
- Your work environment is comfortable. There is also a lot of scope for promotion if you work hard.
- Remuneration is good enough with a lot of perks and benefits. If you are a government employee, you get free residence, car loans etc.
- The number of working days is fixed and there is a lot of vacations. Weekends are off too.
What are some of the challenges one is expected to face in Banking profession / In the Job of Assistant Bank Manager?
- There are always numerous challenges in any job. In the banking sector, numerous times, client servicing becomes really hectic. There are times when a lot of customers want to meet the manager. Answering and being patient with them is tough at times.
- A lot of times, there are numerous schemes and policies being introduced by the government. Everything requires an involvement of the bank.
- With the promotion, you are usually transferred, which becomes inconvenient for your family. And this happens every few years.
- Working in a constrained environment on a chair for the whole day can be monotonous and stressful at the same time.
What are some of the skills/technological advancement one is required to possess in your job profile?
Skills as such I would say you need to be good at management, good in communication and have a lot of patience.
Given a choice, if not an Assistant Bank Manager what would you see yourself as?
I don’t know. I have, in fact, never thought about it. Maybe I could have attempted to be an engineer.
What would be your advice to students or professionals who are just starting their journey on a path similar to yours?
If you want to start your career in banking, start preparing for the government exam early. If there is a will, there is a way.