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Is banking sales a good career?
Salary is best reason to join any industry. Its true that banking industry offers good remuneration to the employees. Banks also offer added benefits to their employees like minimum Rate of Interest on loans, Medical benefits, Pension benefits and so on. Banking Industry has job safety as well as job stability.
Are sales important in banking sector?
Enables acquiring of new to bank customers and retention of existing customers. Enables clients to form opinions and introduce new clients to the bank. Improves your customer base and help meet goals and objectives. Encourages clients to use multiple products and services and prevent switching to competitor banks.
What is bank sales job?
Achieving the monthly sales targets, assigned to him/her, for various products and services. Cross sell assets and fee products. Follow the various internal guidelines and procedures of the bank. Ensure customer satisfaction through regular engagement. Resolve customer queries/issues and facilitate customer service.
What are the different types of sales is there in banking sector?
Here are a few important types of sales that are seen in most of the organizations :
- Inside Sales.
- Outside Sales.
- Sales support function.
- Client services :
- Lead Generation.
- Business development managers.
- Account Managers.
- Consultative Selling.
What are the economies of scope of the banking industry?
Economies of Scope in Banking Industry Banks have economies of scope when they offer multiple financial services at one place. Offering checking accounts, loans, and investment services together allows a bank to spread the cost of its branches, staff, automatic teller machines,…
What is meant by economies of scale in banking?
Economies of Scale in Banking Industry Banks have economies of scale when they provide different ways for consumer to use a particular financial service. Like cash deposits, transfer of payments etc. Real life example State Bank of India provide different ways to do banking like Internet banking, Phone banking, Mobile banking etc.
What is meant by economies of scope?
Economies of scope refers to lowering the average cost for a firm in producing two or more products. There are two types of economies of scope, Global and Product-Specific. To define global economies of scope it is necessary to compare the cost of both joint production and separate production, assuming a given scale for each product.
What is the scope of so job in IBPS?
IBPS Specialist Officer: SO mainly works in the back of the offices where they deal with the technical and human resources of the bank. To apply for this post you have to complete PG course at least in any specialized technical field. IBPS SO banking exams are held once in a year.