How to Become a Bank Manager: Career Guide, Courses, After 12th, Eligibility, Entrance Exams, Skills, Salary

Types of Bank Managers

There are different types of Bank Managers depending on their post, qualification, and work experience. Below there are some of the types where it has a different profile in a different workspace, based on seniority of the job profile:

• Branch Manager: The Branch Manager is the executive head of a branch. He/she is responsible to oversee all the operations of the bank; and ensure proper management of banking development and customer satisfaction for their savings. They are responsible for all of the functions of that branch office, including hiring employees, overseeing the approval of loans and lines of credit (LOC), marketing, assisting with customer relations, and ensuring that the branch meets its goals and objectives. The average salary of a Bank Manager at the beginning of the career ranges around INR 5 LPA but with experience and knowledge it can go up to INR 6 LPA to INR 10 LPA. 
• Service Manager: The Service Manager is responsible for maintaining all the services and handling of customer services in a bank. They ensure to provide all the facilities to a customer and also to maintain the rules and regulations created for the betterment. Their responsibilities include delegating and directing service tasks, monitoring the progress of current projects, and managing team members to ensure the team's objectives and sales goals are met. They also address customer complaints or concerns quickly and professionally to maintain good customer relationships and ensure repeat customers. The average salary for the service managers ranges from INR 4 LPA to INR 6 LPA. Over gaining experience they can get an average salary of INR 8 LPA to INR 8 LPA.
• Senior Bank Manager: Senior Bank Manager is responsible for Managing the bank activities, and overall services that are provided to the customers. They also participate in the hiring process and other related services of the bank. The Senior Bank Manager directs all operational aspects including distribution, customer service, human resources, administration and sales in accordance with the bank's objectives. They Provide training, coaching, development and motivation for bank personnel. Developing forecasts, financial objectives and business plans. The average Senior Manager salary in India is INR 13 Lakhs for employees with less than 1 year of experience to 31 years. Senior Manager salary ranges between INR 8.6 Lakhs to INR 18 Lakhs.
• Junior Bank Manager: Junior Bank Manager serves as a supervisor or representative of the senior manager. They ensure the smooth working of the managerial activities and are responsible for managing the junior grade officers of the Bank. They run day-to-day business and get increasingly involved with building client relationships, helping to maintain sales strategies and reaching targets. The average salary for Junior Bank Managers in India ranges from INR 4 LPA to INR 6 LPA. However, by gaining experience in the relative field they can become a Senior bank Manager and earn around INR 8 LPA.

How to Become a Bank Manager in India

For Becoming a Bank Manager in India two major things should be kept in mind. First is mental preparation as it requires time, after getting work experience one can become a Bank Manager. Therefore one has to be patient enough to wait for that time. And Secondly is the Study preparation that is required to pursue this profession. 

• School Level Preparation: At School Level, one should try to have strong command over numerical ability or quantitative aptitude as it is beneficial for them in terms of getting marks in that subject and also to crack the entrances at a later level. Continuing the practice of numerical will help to have quick analytical power and fast calculation as well.

How to Become a Bank Manager After 12^th

After successfully completing Class 12^th, aspiring candidates should take admission to colleges and relevant subjects that would eventually help them become Bank Managers. Mentioned below are the course steps that should be followed to become a Bank Manager.

• UG Preparation: During Graduation, one should remember that after completing their Graduation, they need to go for the entrance examination. So it is always started early as they can prepare themselves through practices and increasing speed and accuracy that is required for their entrances. Current affairs can be one such thing that requires continued study as it is not static and one has to prepare it thoroughly.
• PG Preparation: Although one can start their preparation from graduation only but even during post-graduation they can look for all those requirements. Preparing for quantitative aptitude, reasoning, current affairs, and for interviews as well. Having a specialised subject at the Postgraduate level will give the candidate an upper hand in becoming a Bank Manager. They can also opt for any coaching side by side as this coaching will help them to clear the Entrance Exam to get into the Bank.

Banking Courses

There is no particular course which will directly guide a Bank Manager but there are some courses which are beneficial in terms of the subjects covered in it that will be helpful to become a Bank Manager. The courses majorly deal with graduation level and master level. Some of the courses are mentioned below:

Bachelor of Business Administration (BBA) 

BBA is a 2 year UG management course that covers major aspects of managerial, hospitality, and entrepreneurial requirements for a business. It inculcates all the management skills that a candidate will be needed to perform later in different job profiles. 

BBA Admission Process

• The admission process to the BBA course is based on both Merit and Entrance tests conducted by the institutions. 
• Entrance exams like DU JAT, NMIMS NPAT, and IPU CET are conducted by different institutions to provide admission in this course. 
• Admission based on the Merit list generated by the institution based on the 12th-grade marks.

BBA Eligibility criteria for the Exam

• Completion of 10th and 12th grade with any stream from a recognized institution.
• Minimum aggregate marks of 50% (45% for SC/ST candidates) at 12th level.
• Minimum age of the candidate should be 17 to 22 years of age.

Bachelor of Commerce (B.Com)

BCom is a 3 years full-time UG course covering different aspects of managerial skills and management of business that are important in any business. The subjects which are covered under this are Accounts, Economics, Management, English, Business Communication, and so on.

B.Com Admission Process 

• Admission to B.Com is provided through both Direct Admission and Entrance Based Admission. 
• The admission process is available through both online and offline modes. 
• Entrance exams like  NPAT, IPU CET, and BHU are conducted annually at the state or national level to provide admission in Chemistry courses.

BCom: Eligibility criteria for the Exam

• Candidates must have a completed 12th from any stream preferably Commerce from a recognized institution.
• Must have an aggregate mark of 55% in 12th for general category students and 5% relaxation for reserved category students.

Master of Commerce (M.Com) 

MCom is a 2-year full-time PG course focusing on the knowledge of areas related to the need for managerial skills in business and other related industries. It also serves the purpose of higher education in the research field. 

MCom Admission Process 

• Admission to M.Com is provided mainly Entrance Based and a few institutions done by based on Merit as well. 
• Entrance exams like  DUET, JNUEE and IPU CET are conducted annually at the state or national level to provide admission in Master courses of Commerce.

Master of Business Administration (MBA)

MBA is a 2 PG course involving in-depth knowledge of management and business ethics. It covers advanced business strategies and demands. It includes subjects like Corporate Social Responsibility, Principles of Marketing Management, Business Law, Corporate Finance, Marketing Management etc.

MBA: Admission Process

• Admission to Master courses is through the entrance examination conducted by the University, followed by a personal interview. 
• Candidates need to register themselves for the colleges offering MBA courses and fulfill all the required eligibility.
• Few Universities and colleges also take students on the basis of marks scored at the UG level.
• After clearing the entrance examination, students will be invited for offline counselling and with this, the admission process followed.

MBA Entrance Exam 

How to Become a Bank Manager Abroad

There are several top colleges abroad that offer courses relating to Finance, Management, accounting and Statistics. They provide knowledge and understanding of the banking aspects as well as the managerial benefits. Some of the top choices of countries for candidates aspiring to study Banking and Management courses abroad  are the UK, USA, Canada and Australia. 

If a candidate wants to become a Bank Manager abroad, they must fulfill the basic eligibility criteria that are provided below for your reference,

• Aspiring candidates must have a bachelor's degree with a minimum aggregate of 60% or above from a recognized institute.
• They must have relevant degrees in Mathematics, Economics, Finance or Accounting.
• Candidates need to clear either of the English language proficiency tests such as IELTS or TOEFL.
• Candidates must present  two Letter of Recommendation from the last institute attended. 
• Candidates must also submit the proof of their finance or if in need of financial assistance can opt for Scholarships.

List of Top Banking Colleges

There are almost 164 Colleges in India that offer banking courses with a core understanding of  Accounting, Finance, Business Management and many more. Apart from India, there are several top banking and management colleges abroad offering relevant courses such as Arizona University, Yale University, Stanford University, etc.

Some of the top law colleges in India as well as abroad are listed below for your reference, 

India