Does ICICI Bank need any special introduction? Being India`s largest private sector bank, it is highly popular among everyone.Now they have announced the ICICI Business Leadership Programme partnering with National Institute of Securities Markets (NISM) to offer Post Graduate Certificate in Securities Markets (PGCSM).On completion of training, candidates will be appointed as Manager.
Many would have heard about the IBPS bank exams that candidates have to write for jobs in 20 govt banks.Similarly, ICICI Bank PO recruitment is also happening in association with Manipal University as a seperate hiring process for freshers.
What is ICICI Bank & NISM Business Leadership Programme?
National Institute of Securities Markets (NISM) is an institute established by none other than the stock market regulator, SEBI (Securities Exchange Board of India).
Under this leadership programme, ICICI Bank has partnered with NISM to admit candidates for a 1 year Post Graduate Certificate in Securities Markets (PGCSM) course at the institute.
The program intends to create Treasury dealers, Fund Managers, Analysts, Institutional Sales Professionals & Investment Advisors in the securities markets.
After training, they can become a Manager in ICICI bank at a payscale of Rs.12.5 lakhs /annum (placement in group companies also possible)
Dates to Note
Last date to submit online registrations – February 15, 2016.
Test dates & venue details would be intimated later through e-mail/SMS.
While the selection process are to be held during Feb – April 2016, classes for this programme shall offically start in the months of June/ July 2016.
Who are Eligible?
Since ICICI Bank is a private sector organization, there are no relaxations in age & educational criteria.So the following conditions are applicable for all applicants:
- Not more than 30 years of age as on 24 June, 2016.
- 60% marks in std.10 & 12 (should have studied Maths as a subject in std.XII /intermediate level)
- 55% marks in any Graduation degree
Experience: Candidate must have atleast 3 years of work experience (including those in engineering, IT, Finance, Economics, Law, Commerce, Statistics /CA etc.,)
About NISM PG course, Stipend, Salary & Bond
All participants who get selected after interviews will join the 1 year residential PGCSM course at NISM campus, Mumbai.They will be trained in the field of Capital Markets.
Some of the salient features of this programme are:
- Classroom training for 9 months & internship at ICICI bank for 3 months.
- Stipend of Rs.10,000/ month during training phase & Rs.50,000/ month while interning at bank shall be paid.
| Get appointed in ICICI Bank (Markets,Treasury function) at Manager- I grade on successfully completing the course with an annual salary of Rs.12.5 Lakhs (CTC) |
Course Fees via Loan: To pursue the course, one needs to pay Rs 2.52 lakhs which would be provided by ICICI Bank as subsidized loan at an interest of 2.5% per annum.If you are opting for hostel, the total cost is Rs.2.88 lakhs.
Repayment/ EMI on this loan shall start only after joining the bank.It means there wont be any recovery during the course period of 1 year.
To Work for 3 Years: Once a candidate becomes an employee of ICICI Bank after completion of PGCSM course from NISM, he/she has to work with them for a minimum of 3 years.
Incase you choose to quit within 3 years of joining, here are the things that you need to return:
- 10 lakhs towards your education & stipend cost
- The entire loan amount of 2.52 or 2.88 lakhs along with interest @ 15% p.a
In total, approximately Rs.12.52 or 12.88 lakhs must be paid back to the bank if a person quits the company before ending 3 years of service.
Process of Selection:
After scrutiny of applications, candidates will be informed by e-mail or SMS about the dates of test.The selection procedure involves the following stages:
- Aptitude Test
- Group discussion
- Psychometric Profiling
- Personal Interview
As the batch is schduled to start in the month of July 2016, online aptitude test could mostly be held in Feb or March 2016.
For mode details on these, see ICICI Bank aptitude test pattern, question topics & marks
How Do I Apply?
Candidates who are interested to apply for ICICI Business Leadership Programme 2016 are required to send their online application directly from their website icicicareers.com
Category/ caste reservations dont exist in private banks.So there is no fee on registration or exam that has to be paid by anyone inlcuding general & OBC category applicants.
You just need to satisfy the above eligibility conditions & enter all the necessary details in the online application given at their webpage here (Click on ‘Apply Now’ at the bottom)
New registrants need to create a new account on their site before registering for this programme.
So, are you applying for this ICICI Bank Managers Recruitment 2016 for experienced professionals? Incase you have any doubts, do ask using the comment form below..
