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Should I Switch from Public to Private Banking at My Age & Experience?

Patrick

Patrick Dsouza  |1266 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Feb 12, 2025

Patrick Dsouza is the founder of Patrick100.
Along with his wife, Rochelle, he trains students for competitive management entrance exams such as the Common Admission Test, the Xavier Aptitude Test, Common Management Admission Test and the Common Entrance Test.
They also train students for group discussions and interviews.
Patrick has scored in the 100 percentile six times in CAT. He achieved the first rank in XAT twice, in CET thrice and once in the Narsee Monjee Management Aptitude Test.
Apart from coaching students for MBA exams, Patrick and Rochelle have trained aspirants from the IIMs, the Jamnalal Bajaj Institute of Management Studies and the S P Jain Institute of Management Studies and Research for campus placements.
Patrick has been a panellist on the group discussion and panel interview rounds for some of the top management colleges in Mumbai.
He has graduated in mechanical engineering from the Motilal Nehru National Institute of Technology, Allahabad. He has completed his masters in management from the Jamnalal Bajaj Institute of Management Studies, Mumbai.... more
Asked by Anonymous - Feb 09, 2025Hindi
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I am working as a Banker in one of the PSBs . As a scale 2 BM .I have around 5.5 years of experience and was considering alternative career options cause the present job is very much taxing due to frequent transfers and mostly to extreme rural settings. Is the switch to a private bank as BM advisable like HDFC , ICICI , KOTAK etc at my age and experience for around similar pay. Cause I have heard the transfers will be less . I wanted to know the career progression in these banks and the type of work for a BM. And Do people usually switch from govt banks to the private ones after 5-6 yoe?

Ans: I had a student who had similar work ex in PSB. She went on to do 1 year executive MBA from XLRI and now is placed in a good position and good pay in a private bank. There are 2 ways to shift. Good option would be to do executive MBA and then move to private bank or directly move to BM level in which case lack of post graduate degree could hamper future promotions. But your growth in private banks will mainly depend on your performance.
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