Is IBPS Reducing Recruitment Duration?

In the last couple of years, the IBPS has become a standardized qualifying factor for selecting eligible candidates for banking jobs in India. The IBPS score card allows the candidates to apply to various public and private banking institutions.

Before the existence of IBPS examination format, all the Indian public and private banks used to conduct their own examination, followed by an interview. However, the extensive duration of the process hampered selection. Some banks used to take more than a year to fill few vacancies. This used to affect the productivity of the banks severely.

The IBPS exam improved this and successfully reduced the recruitment duration. Now-a-days, the banks can complete their whole recruitment procedure in a matter of three to four months. This is a huge improvement from the previously extensive time taken by banks to fill up bank job vacancies.

How Does IBPS Work Now?

The IBPS agency conducts the written examination twice a year for both clerical and probationary positions. Anyone who is a graduate with qualifying marks, a citizen of India and above 21 years of age can sit for this exam.

Once the exam is clear, the institution hands over a scorecard to the qualifying candidates. Right now, about 19 public banks shares affiliation with the IBPS system. This means that the qualifying candidates can directly apply for the vacant positions showing the scorecard, which is valid only for a year. If any candidate cannot get a bank job within a year of clearing IBPS, the candidate sits for the examination again.

Anyways, not only the 19 public banks, but the private banks also look for IBPS pass candidates as a preferred employee. Most of the private Indian banks these days look for IBPS candidates because it saves their time as well. They do not have to conduct a written examination unless they want to. What remains is the interview only, and hence, the IBPS helps to reduce the recruitment duration in the private banks as well.

Only the State Bank of India (SBI) and Industrial Development Bank of India (IDBI) are the two banks which conducts its own separate written examination and interview.

Preparing for IBPS

Now that the swiftness with which IBPS is constantly reducing the duration of banking candidate recruitment, let's see, in brief, how a candidate can prepare for IBPS exams. There are many teaching centers which claim to specialize with helping students clear the exam. One can join these institutes, obviously, but self study too forms an important part of preparation for not only bank exams, but any other competitive exam.

Reasoning, mathematics and English are the subjects with high difficulty level. Only practice can help to clear this paper. Also, the candidate has to be very good in general knowledge to attempt the same paper.

Overall, the IBPS definitely helps to reduce the duration of bank recruitment. The need for IBPS is more pronounced now because a large section of banking employees will retire by 2015 and banks need eligible candidates to fill up the new bank job openings.

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