Preparing For Banking Exams? Follow These Tips to Ace Them

July 12, 20212 Minutes Read
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Thousands of candidates appear for the banking entrance exam each year. It is very competitive. Use the tips given here to improve your chances of making the cut.

A job in the public banking sector is considered to be one of the most well-paid career options. Out of the lakhs of candidates that apply, only a thousand candidates make it to the final selection round. Not all of them can afford top-class coaching. The exams can very well be cracked by self-study.

For this, you need to start your preparations for the baking exam much before you fill the form for appearing for the test. The exam pattern and syllabus undergo changes each year. Therefore, if you are interested in cracking the banking exam, you must make the effort to keep yourself updated.

If you're wondering how to prepare for bank exams, you've come to the right place.

Given below are some tried and tested tips that’ll help you get your dream job in the banking sector.

1. Understand the Syllabus and Examination Pattern

It is very important to familiarize yourself with the syllabus and the exam pattern. Please note that the exam pattern and syllabus for different banking posts is different. You need to study the question papers for the post that you desire. Understand which topics carry the maximum marks and allocate your study time for those topics accordingly.

2. Divide Your Time

You need to score at least the cut off marks in each of the papers to move forward in the recruitment process. So, divide your time evenly among all the papers. Understand your strengths and weaknesses. Devote some time to working on your weak points and topics.

3. Take Online Mock Tests for Banking

Get online. You will find a lot of websites that provide you with study materials. Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation) has partnered with some websites that can give you access to the previous year's banking exam papers. These tests will help you measure your performance against others who are also preparing for the same exam. Taking mock tests helps you evaluate yourself on many parameters like time management, concept retention, and analytical thinking. It also makes you more confident about taking the main exam.

4. Master the Tricks to Solve Certain Questions

You can solve certain questions in quantitative aptitude and logical reasoning through short cuts. You can also think of it as a master strategy. Knowing these tricks will give you a competitive edge. You'll be able to arrive at the right answer in a shorter period of time. So, invest in learning these tricks or shortcuts. They are easily available on YouTube and other educational websites.

5. Read the Tips by Toppers

There are many candidates who've been able to crack the banking exam in their first attempt. Read their interviews and tips. A small change in your preparation strategy can make a huge difference.

Perseverance and smart work will help you crack the banking exam successfully. So, while planning for your bank exam preparations, focus on core sections that can help you fetch high scores.

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Types of Jobs in Banking

  1. Banker: A banker's main job is to work at a bank or other financial institution. They are in charge of meeting bank members (people and businesses), advising and helping them get loans from the bank. By doing this, they hope to make money for the bank by charging fees and interest rates on those loans.

  2. Bank teller: A bank teller is in charge of helping customers cash checks, get money out of their accounts, move transactions to different accounts, and open checking and savings accounts.

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  1. Loan processor: A loan processor uses their knowledge of risk analysis and financial statements to look over loan applications and decide whether or not to give the applicants the loans they want. They protect the bank and its money.
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  1. Credit Analyst: A credit analyst helps people get loans. They can work for investment banks, investment firms, credit card companies, and other places that lend money. A major difference between a credit analyst and a loan processor is that a credit analyst can only suggest whether or not an applicant should be approved.
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  1. Mortgage consultant: Mortgage consultants help companies or people determine what kind of mortgage they need by looking at their financial history and how much they can afford.
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  1. Investment representative: An investment representative works at an investment firm, bank, or other financial institution. They advise clients how to invest their money, usually for a fee. They also have to do sales-related work to promote their institution's financial products and services.
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  1. Investment banker: Investment bankers can give their clients financial advice about investment opportunities. They oversee the sale of assets to pay off debt.
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  1. Relationship Manager: A relationship manager is the point of contact between a bank or other financial institution's members and the institution itself. They are responsible for making new customers feel welcome and keeping old ones returning.
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  1. **Financial advisor: ** A financial advisor's job is to help clients figure out their financial goals and the best way to reach them. This means trading on the stock market for them, looking at their financial history, and giving them advice on how to make the best financial decisions.
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  1. Financial Analyst: A financial analyst keeps an eye on market trends across different industries and uses their knowledge to help businesses and clients decide when, where, and how to invest.
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  1. Asset manager: Asset managers are in charge of looking over their clients' financial portfolios and keeping an eye on the stock market to figure out the best investments for their clients. They help them buy stocks and other assets and figure out what will make their money grow.
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  1. Internal auditor: Internal auditors for banks regularly evaluate the bank's internal processes, loan and spending habits, employment costs, and other risk management factors. They check if the bank follows the laws and can stay afloat.

    Take freebanking-related coursesby Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation). Upskilling helps you get a job easier. Create your resume for free as well, and add all your new skills. Pick the perfect course for you with the help of free career guidance. Glow & Lovely Careers also offers free mock tests for banking exams that can help you score better.