The percentage of women employees in Public Sector Banks is among the highest ratios in female to male workforce in any industry. Of the 8,57,868 people employed in PSBs, Women employees account for 1,96,374 taking the percentage of women employees to 24 per cent of the total workforce.
The percentage of females registering for various bank exams like IBPS PO, SBI PO, RBI GRADE B etc has been rising exponentially over the past 5 years. Also female candidates consistently rank among the toppers in the above exams . So what is it about banks that make them such an exciting and approved career choice among the better half of the Indian society. We have list out the top 5 reasons that makes banks the preferred choice of female candidates.
1. Work environment
The work culture in banks is suited to female candidates. The climate and culture prevailing in public sector banks is flexible, and favorable these days. Gone are the days when the principle of ‘Right man at the right place’ wasn’t followed. The staff is provided with state of the art training which prepares them to perform all kinds of jobs. After the compulsory holiday on 2nd and 4th Saturday of the month employees have ample amount time to learn and acquire new things or pursue their hobbies.
Apart from it banks provide a safe working environment as compared to other jobs in the similar pay brackets. Female co workers are treated with dignity by male colleagues for the patience and the energy they bring to the workplace. This coupled with the fluency with customers and understanding of numbers make public sector banks an exciting work place for women.
2. Pay and Perks
Public Sector Banks pay packages are among the highest in the category. For PO entry level employees PSBs pay a basic salary of INR 23700 per month, add the DA TA with all the other allowances and the CTC goes upto INR 50000 per month making banks a lucrative choice among potential job seekers. PSBs also have a provision for maternity leave for 6 months. Other perks include Home Allowance, Furniture Allowance, Loans at way cheaper rate (yes you got that right!) , Leave travel Allowance, Medical Cover and so on. For a comprehensive list of pay structures of various banks take a look at our previous article – Latest Salary of Public and Private Banks in India
Everyone would wanna jump to say that banks transfer you all the time, so how exactly do they provide stability?
We agree that Public Sector Banks have branches spread across all over the country reaching even the farthest, the most remotest corners of India like for example, India’s largest bank SBI has around 16000 branches presently and they transfer you every three years. Now seeing this information from a female point of view we can clearly see that since public sector banks have branches all over the country a married woman employee instead of putting brakes on her career when her husband is transferred can instead continue to grow her career further by seeking a transfer to the city her spouse is transferred to. This is the stability (rather the flexibility) women from almost all other sectors of work can’t avail of. These days women employees are given high consideration for the choice of posting.
4. Social Status
This point is the least debatable among all. Banking professionals are viewed at a higher pedestal than all the other working classes especially female bank employees. The stability coupled with the grooming enhances the overall personality and help women employees achieve success in almost all walks of life.
The last and absolutely not the least is the growth prospects that banks offer to female employees. In India, only one in 10 companies across all sectors have a woman in the corner offices(CxO level positions), but more than half of these are from the financial services sector. India fares better than US on the gender diversity of top executives in banks. There are countless success stories in Public Banks where females have made to the top offices. From Arundhati Bhattacharya(chief of State Bank of India), Usha Ananthasubramanian (Managing Director Bhartiya Mahila Bank) , Archana Bhargava (Managing Director United Bank of India) and Vijayalakshmi Iyer (Managing Director Bank of India), women chiefs of top banks are role models to millions of female bank employees. They have shown that with grit , determination and patience you can be the pride to the nation and motivation to millions instilling them with dreams of making it BIG!
A grand All the Best to all the females aspirants appearing for IBPS PO this year. Don’t forget to register and appear for All India Rankers test on 18th 19th and 20th September.