Hello sir,iam working in PSB for past six years. Due to work pressure and work life balance issues i would like to switch my career where i can look over my family. Suggest some options to switch from PSB and can use utilise this work experience.

Ans: Dear Anand,

Sorry for the delay in reply

Several factors to weigh you may consider-

Do your skill assessment this evaluate your current skills and identify if any gaps for a successful transition
Consider acquiring any relevant course/ certifications if needed
Consider potential impact on your salary if the new field has growth prospects which are aligning to your long term plans and has a potential to growth then you may consider taking the dip.
Reflect on your long term career goals. Ask yourself will the switch contribute to the overall career satisfaction?
Network with people who have made similar transitions. Understand Pros and Cons. Be prepared.
Consider your current level of job satisfaction in the current role. If you are constantly feeling dissatisfied then might be worth exploring newer options.
Keep an eye on the market trends

Tip to consider- job switch decision involves a balance between financial, personal satisfaction and fulfillment and long term goals.
Approach the decision with careful planning and knowing the pro's and con's
Keep the mitigation/ risk (if any) strategy in place

Hope this helps

Thanks
Ashwini Dasgupta
Author of Confidence Decoded. Is it a Skill or Attitude

Ans: Thank you for getting in touch with me on Rediff Gurus. Given your background in statistics and experience in banking, there are several sectors you could consider transitioning into that leverage your analytical skills and managerial experience. You could explore roles such as data analyst, business analyst, or data scientist, where you would use statistical techniques and analytical tools to derive insights from data and inform business strategies. Your managerial experience could be beneficial in roles such as operations manager or operations analyst, where you would oversee and optimize operational processes for efficiency and effectiveness. You could also explore opportunities in fintech startups or established fintech companies, where you could contribute your expertise to develop and implement cutting-edge financial solutions as well. Additionally, within the finance sector, there are departments that are increasingly adopting new technologies and skills, providing opportunities for growth and transition.

In terms of finance departments that are more inclined to new technologies and skills, areas such as financial technology (fintech), quantitative finance, and financial analytics are increasingly adopting advanced technologies such as artificial intelligence, machine learning, blockchain, and big data analytics. By developing skills in these areas, such as programming languages (e.g., Python, R), data analysis tools (e.g., SQL, Tableau), and understanding of financial markets and products, you could position yourself for roles that are at the intersection of finance and technology.

Ultimately, the key is to identify your interests, strengths, and career goals, and then explore opportunities that align with them. Consider networking with professionals in your desired field, gaining relevant certifications or qualifications, and seeking out mentorship or guidance to support your transition. With your background and experience, you have valuable skills that can be applied in a variety of sectors and roles beyond finance.

Ans: Making a career switch after eight years in a public sector bank (PSB) and holding a managerial position is a significant move. Given your background in agriculture and the desire to explore fields outside finance, there are several promising sectors you can consider. Given your educational background in agriculture, this sector is a natural fit. Various roles here could align with your experience and interests. Use your managerial experience to work for companies involved in the production, processing, and distribution of agricultural products. Work with NGOs, government programs, or international organizations focused on rural development and agricultural projects. Although you mentioned not having active IT skills, the agri-tech sector often looks for professionals who can bridge the gap between technology and traditional agricultural practices. Learning basic tech skills could be beneficial. Project management roles in infrastructure development often require a combination of management skills and knowledge of ground realities, which your agriculture background might support. Roles in managing projects related to sustainability, conservation, and environmental protection. Companies in various sectors need efficient managers to oversee their supply chain operations. You can work in the sales or marketing of seeds, fertilizers, pesticides, or agricultural machinery.

Ans: Can look at operations role in some private sector banks which do not have any pressure. Can look at option of being a Faculty at some of the colleges.