Bank Job prospects in Bangladesh / Banking as a Career, key factors to consider

When anyone wants to do a Bank job or want to develop his career in banking and financial industries following factors must to consider:

What is Bank: Before choosing a bank job one should know about the bank. Simply, Bank is a financial intermediary between a surplus unit of fund and a deficit unit of fund in the society i.e. it take/borrow money from some people and lends money to others. Main profit of the Conventional Bank generate from spread between lending interest income and deposit interest expenses. Besides, modern Banks doing some other fee based activities like issuing LCs/Guarantees, custodian and security service. 

In Bangladesh there are two types of Banks operating: 

    1. Islamic Sharia Based Banking System 

    2. Conventional Interest Based Banking System

Educational Requirements for Bank Job in Bangladesh:

Graduation/posts graduation degree from any reputed university is generally asking educational requirement for having a bank job. But, for entering accelerated career as Management Trainee of relevant post applicant must have BBA/MBA degree from top rated university of Bangladesh and have to face several steps of examination like written examination and viva voices.

Good things of a Bank Job:

Handsome initial salary: Banks are generally providing handsome amount of salary from starting. Besides, Banks also provide incentives on profit to the employee based on the business performance.

Good Corporate Governance: In Bangladesh Banking sector is strictly regulated by the Bangladesh Bank, the Central Bank of Bangladesh. As such, compare to other industry corporate governance better,

Excellent Work Environment: Work environment in banking industry is very good. well skilled personnel, Air Conditioned and well decorated.

Bad things about a Bank Job:

Religious view point: Job in conventional interest based bank is prohibited by Islami Sharia as in Islam Interest is strictly prohibited and declared as one of the great sin. So, most of the muslim banker after doing 7/8 years service when realized about the fact wants to switch the job to other industries or to islamic sharia based banks but, it is very difficult to do. So every muslim should think a lot before taking a job in a conventional interest based bank. It will also create mental pressure on them.

More work pressure: In Banking job work pressure is normally very high and it build mental pressure which will eventually effect family life. Most of the private bank employee usually get ready for work between 7.30 to 8.00 am and return home at around 9 pm. Besides, banker have to face unusual business target i.e. deposit, lending, fee income, card sale etc.