The ICICI Bank is one of the largest banks of the country which provides the best career opportunities to many freshers, graduates, and other professionals.
As we all know that the banking sector is thriving quite rapidly and pursuing the career in this field is a dream for many. But, in this competitive world, it has become quite difficult to pursue that dream. The banks are looking for motivated and highly skilled staff. There are many candidates who want to know about the ICICI Bank Recruitment Process and Job vacancies.
Here in this blog, we will provide you the information regarding the different recruitment process in the ICICI Bank. You can check the detailed information about the different courses which ICICI Bank provides.
What is ICICI Bank?
Name: ICICI Bank also known as Industrial Credit and Investment Corporation of India. It is an Indian multinational banking and financial services company.
Type: Private Sector Bank
When was the bank established: 1994
Headquarters: Mumbai, Maharashtra
Interesting Facts About ICICI Bank
It has over 4,850 branches and 14,400+ ATMs in India.
The bank is considered the 3rd largest bank of India after SBI and HDFC Bank.
ICICI Bank has 100+ digital and automated ‘Touch Banking’ branches across 33 cities.
The bank also has 1,800+ self-service kiosks.
ICICI bank has recruited almost 84,140 employees (as on 2nd Nov 2017).
It started with the combined efforts of World Bank, Government of India and Representatives of Indian Industry.
The bank has subsidiaries and branches in many countries:
- The United Kingdom.
- Hong Kong.
- Sri Lanka.
- The United States.
- South Africa.
MD and CEO: Mrs. Chanda Kochhar
N.S. Kannan (Alumni of Indian Institute of Management, Ahmedabad)
Vijay Chandok (Master’s degree in Management from NMIMS, Mumbai)
Vishakha Mulye (Chartered Accountant)
Anup Bagchi (Alumni of IIM Bangalore)
Revenue: 73,660.76 crore INR
Number of Employees: 84,140
How to Get Job in ICICI Bank?
There are many ICICI Bank Job Opportunities in different fields and departments and each department has different recruitment process involved in it. Some of the jobs and ICICI Bank Recruitment programs are:
1. ICICI Recruitment Process 2018-19 for Probationary Officer:
Post Graduate Diploma in Banking and Finance (PGDF) Programme is ICICI Bank Job Drive with combined efforts of Manipal University. The PGDF programme aims to invite young talent in the field of banking. This programme is conducted by the ICICI bank since 2007 on regular basis.
Written Test > Interview + GD > Training > Posting
The candidates who are selected through the aptitude test are given training in the Manipal University. After the completion of the degree, the candidates will get the ICICI Bank Job. The candidates are initially appointed as Deputy Manager in ICICI Bank branches with an approximate salary of 34,000/month.
The PO programme for the ICICI Bank is divided into following terms:
|Term 1||(4 months)||Classroom training at IMA (ICICI Manipal Academy), Bengaluru|
|Term 2||(2 months)||Internship at ICICI Bank|
|Term 3||(2 months)||Classroom training at IMA, Bengaluru|
|Term 4||(4 months)||On-the-job training at ICICI Bank|
The important points regarding the eligibility criteria for the ICICI PO Recruitment Exam are given below:
Applicants should be within 25 years of age, as on 30th December 2017.
Those who were born before 30th December 1991 cannot apply.
Must have a degree/graduation with minimum 55% marks aggregate.
Fresher candidates are also eligible.
The candidates can’t be direct family members of any current employee of the bank.
Based on the given eligibility criteria, applicants will be shortlisted and informed about next step of the process. The selection process for the Probationary Officer will consist of:
Written Test and Psychometric test > Interview + GD > Training > Posting
Note: The aptitude and psychometric tests will be conducted on the same day. The GD & interviews will be conducted for those candidates who qualified in the aptitude tests.
Fees for the PO Training Program
For the 1-Year Probationary Officers Training Programme, the total amount to be deposited will be INR 3,88,500 which can be self-funded by the student or can be availed from ICICI Bank as an education loan. INR 10,000 will put aside as the security money:
INR 3,71,750 (Loan amount of INR 3,15,000+GST at 18%)
INR 16,800 (Cost of Tablet+ Cover+ SD Card+ VAT)
2. Sales Management Programme:
It is the one-month full-time residential programme to hire and train the young people to join the sales force of the ICICI Bank. The training helps you to be well prepared in Selling techniques, Product Knowledge and Rules & Regulations regarding the ICICI Job. The interested candidates are trained at ICICI Sales Academy (ISA).
The programme also covers the knowledge of different banking deposit, systems, computer service, banking regulations, and knowledge of English language. More than 25,000 employees have been employed in the Bank through this programme.
The sales management programme is a one-month full-time residential programme including 15 days internship at ICICI Bank and 15 days classroom training.
The eligibility for the sales management programme have some specific criteria such as below:
Educational Qualification-Graduate in any discipline
Age limit- The candidates should be below the 26 years of age
To pursue the course, the applicants should pay the sales academy an amount of INR 12,500 along with 18% GST with a total goes to INR 14,750. The fees include the expenses including lodging, boarding, food, and training expenses for the 15 days of classroom training.
3. Business Leadership Programme:
It is the one-year Post Graduate Certificate in Securities Markets (PGCSM) programme which is conducted at NISM (National Institute of Securities Markets). This exclusive programme provides the conceptual preparation, skill building, and industry exposure.
The programme is based on the needs of the security and capital market. It includes several parameters including the number of stock exchanges, list of shares & their turnover etc. The programme also offers the industry-linked internship at ICICI group for a period of three months.
After the results, you will be given managerial jobs at the any branch of the ICICI Bank or any other companies.
The course structure of the programme is as below:
Term 1- Classroom Training (3 months)
Term 2- Classroom Training (3 months)
Term 3- Classroom Training (3 months)
Term 4- Internship at ICICI Group (3 months)
The eligibility criteria and age limit for the PGCSM programme is as follows:
Age Limit- Nobody should exceed the 30 years of age (as on July 1, 2017).
1. Graduation in any discipline with minimum 55% marks.
2. 10th and 12th with minimum 60% marks.
A Work Experience of minimum 3 years (Full time).
Working professionals such as CAs/ Graduates/ Engineers can also apply.
Work experience in the corporate sector or any investment organizations.
Based on the qualification, aspirants are shortlisted based on merit and will be invited for the selection process. The selection process includes the below stages:
1. Online Entrance Aptitude Exam
2. Group Discussion
3. Psychometric Test/ Personal Interview
To pursue this course, the participants will have to pay the fees of INR 4 Lakhs plus 18% GST i.e., INR 4.72 Lakhs. Also, you have to pay INR 10,000 as the security deposit.
Stipend: The participants will be paid a stipend of INR 10,000 per month during the 9 months classroom training period.
After that, the participants will be paid a stipend of INR 50,000 per month during the 3 months internship phase.
Top Reasons Why You Should Choose ICICI Bank
Pan India Presence with 4000+ Branches:
The bank has a total of 4850 branches in India. Right from metropolitan cities to villages, ICICI Bank has pan India presence through which every citizen is being served with dedication.
Employees Friendly Environment:
The best working environment and helpful management is not less than a perk for the employees. You can share your problem with your seniors in the organization and everyone will be ready to help you.
The Salary Benefits are same as for the other banks. The employees will be provided with the Medical Allowance, Telephone Expense, Special Allowance, House Rent Allowance.
Promotions are performance-based and are generally on time. A bank PO gets the promotions based on the work experience. Generally, a PO is first promoted to Assistant Manager to Branch Manager and then to the General Manager. One can give JAIIB and CAIIB exams for the salary hike and career growth.
Here’s What Banking Sector Insiders Say About ICICI Bank:
The inside reviews and salaries shared by the employees are as given below:
The salary structure of the ICICI Bank does not seem to be very different from other banks. Salaries of popular ICICI Job Profiles are as follows:
ICICI PO salary- INR 34,561
ICICI Clerk salary- INR 21,453
The employees shared a great working experience at the bank. Most of the reviews are positive. Most of them are happy with the friendly environment and great customer relationship.
The Negative reviews are about the work pressure, which is again not a new thing in banking job. Other shortcomings are the shortage of staff, long working hours and inefficient computers and digital systems.
Awards/Accolades Received During 2017-18:
‘Best Retail Bank in India’ at the Asian Banker International Excellence in Retail Financial Services Awards 2016. ICICI Bank has won this award for three years consecutively.
First in the Brand Trust Report, India Study 2016 by Trust Research Advisory under the ‘Banking Financial Services and Insurance’ category.
ICICI Bank has opened its first branch in China in Shanghai.
MD and CEO of ICICI Bank, Chanda Kochhar becomes first Indian woman to receive top US award for Global Corporate Citizenship
ICICI Bank has not just done a remarkable job in commercial banking but also in various corporate social responsibilities. The bank is also involved in many charity events across the country and has the tie-up with many NGOs.
The sparkling and commendable environment and career growth of the ICICI Bank make it an organization that a young aspirant can aim for. If you have any query regarding the ICICI Bank, you can ask your queries in the comment section below.
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