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What about deciding BANKING as career - Printable Version

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What about deciding BANKING as career - jamalarain - 12-21-2005

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Hi every body,

I want u all guys to comment on the subject I have given, i.e. Is Banking a nice profession to join after getting such professional qualifications like CA, ACCA, ICMA?


- Muhammad Adnan Arshad - 12-22-2005

Yeap! Banking is an excellent profession to join after getting such professional qualifications like CA, ACCA, ICMA? Any accountancy qualification is the base of the banking profession. After qualifying CA, you will be appointed as an executive (at the minimum) in any commercial/scheduled bank. After CA, a candidate is appointed minimum as an "ASSISTANT VICE PRESIDENT(AVP)" (equivalent to Govt BPS-19 or above) in any bank. However, now SBP has made "Diplomaed Associate of Institute of Bankers, Pakistan(DAIBP)" compulsory for candidates desiring to join the bank(s) in Pakistan. For your information, banking official grades/ranks are follows;

EXECUTIVES (BPS-19 or above)-
1 - President/Chairman/Chief Executive Officer(CEO);
2 - Senior Executive Vice President (SEVP);
3 - Executive Vice President (EVP);
4 - Senior Vice President (SVP);
5 - Vice President (VP);
6 - Assistant Vice President (AVP);
STAFF OFFICERS (BPS-19 or below)-
7 - Officer Grade-I (OG-I);
8 - Officer Grade-II (OG-II);
9 - Officer Grade-III (OG-III);
10 - Tellers, Cashiers, Operators & other Clerical Staff etc.

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- turithegreat - 12-25-2005

hi Adnan i am doing ACCA can i join bank after ACCA,if i did ACCA then in which type of post i got in the bank please reply?

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- Muhammad Adnan Arshad - 12-26-2005

You can also join bank in Pakistan after ACCA -- after fulfilling some special bank management requirements of the respective bank; may be in the form of papers, licence or whatever. However, I think that you have to pass law papers (tax, company law, banking companies law, SBP Act & rules etc) relevant to PAKISTAN. Further, now SBP has made "Diplomaed Associate of Institute of Bankers, Pakistan (DAIBP)" compulsory for all types of candidates desiring to join the bank(s) in Pakistan.
Anyway, after qualifying ACCA, you may be an "OFFICER GRADE-I (OG-I)" or above. But the candidates having professional qualification of any recognized body in the world are generally recruited in the "FINANCE/ACCOUNTS & AUDIT DEPARTMENT" & "HR/PAYROLL DEPARTMENT" of the banks as;
1 - INTERNAL AUDIT MANAGER/INTERNAL AUDITOR;
2 - FINANCIAL ADVISOR;
3 - AUDIT/ACCOUNTS OFFICER; etc etc.

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- turithegreat - 01-01-2006

thanks Adnan

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- mali27a - 02-28-2009

<b>What is Senior Officer II and what is this level. where it fall within the category of OG 1 OR II OR III ?</b>


- sumairalam - 02-28-2009

Dear Arshad,

Kindly provide the reference for compulsory diploma requirements for banks aspirant as this is new thing for me.

Thanks


- Shahbaz - 03-01-2009

o pai jaan date dekho.. 2005 ki posts pe behas kar rahay ho. )


- sumairalam - 03-01-2009

Thanks Shahbaz, its my fault


- Hamid Rehman - 03-29-2009

AOA, THE BANKING SECTOR IS NOT HALAL SO DONT DARE TO FIGHT WITH ALLHA AS MENTION IN QURAN .