Bank Manager In India: Exams Required
Unlike other countries, India has a unique bank manager hiring process centred around qualifying for bank exams. These national-level tests assess aptitude, quantitative skills, communication abilities and domain knowledge required for banking careers. Key exams include:
- IBPS (Institute of Banking Personnel Selection) conducts probationary officer recruitment for public sector banks through prelims and mains testing.
- NABARD (National Bank for Agriculture and Rural Development) offers managerial roles in rural banking, cooperatives and RRBs via an all-India exam.
- RBI recruits Grade B officers through a three-phase process involving prelims, mains and interviews. Selected candidates support vital central banking functions.
- SBI administers separate probationary officer and clerical cadre exams for appointments across its nationwide branches.
Based on exam scores and interview performance, candidates get placed as POs, clerks or assistants. Further promotions after 2-3 years of experience lead to the branch manager position.
Bank Manager Salary in India 2024
Bank Manager Salary in India 2024: The average Indian Bank Manager Salary in 2024 is INR 9.2 LPA. Though public bank salaries come from the government, other things like education, years worked, city and skills influence pay. Managers also get extra benefits such as housing allowance, dearness allowance, and retirement money.
To become a Manager, students should finish college and post-college Banking degrees from top institutions. They can also study Management or get MBA certifications from excellent business schools.
Table of Content
- Bank Manager Salary in India 2024
- Salary of a Bank Manager: Experience Wise
- Salary of a Bank Manager: Specialization-Wise
- Salary of a Bank Manager: City-wise
- Salary of a Bank Manager: Company-Wise
- Public Sector Banks in India: Perks & Benefits
- Private Sector Banks in India: Perks & Benefits
- Bank Manager 2024: Roles & Responsibilities
- Eligibility Criteria for Bank Manager 2024
- How to Become a Bank Manager In India?
- Bank Manager In India: Exams Required
Top MBA Colleges take students who pass tests like CAT, MAT, XAT, and SNAP. Bank Managers need knowledge of banking, finance and management. They should have leadership abilities to guide branch teams. Strong communication and analysis skills are also key. The job involves managing loans, investments, budgets, audits and sales campaigns.