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February 20, 2014

A Review on Young Bankers Program / 1 Year PG Diploma Course : Good or Bad ?

111 comments

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Friends, now a days almost every bank has been conducting 1 year pg diploma courses for the recruitment. In these programs, they will train you for 1 year / 9 months with the help of Manipal or any other University and later appoint you in Banks. We've been getting a number of queries asking about the differences between normal recruitment (through IBPS) and these type of recruitment and  whether to join in these courses or not. So, we have asked the opinions of our friends who have already got selected in these programs. Here is a review shared by a friend of us. 

This is regarding the Young Bankers Program (Manipal University 1 Year PG Diploma). The selection process includes a written examination, Interview. We (the selected candidates) have to pay THREE LAKHS for the program or loan will be provided by axis bank itself (Their targets for priority sector is covered).

After that we were sent to Manipal University, Bangalore for nine months class room training ,where we were taught many subjects like Basics of Banking, Forex, Risk Management etc (in detail i.e everything in that particular subject). After that we were posted to a branch for three months internship for observing the things learning etc. Then we were awarded PGDBS (Post Graduate Degree in Banking Services).

Then posted to some branch of AXIS as assistant manager with a starting salary of Rs. 19500/- (if posted to major cities like Chennai, Hyderabad, Bangalore otherwise 19500-1500 = 18000) to hand. When the ctc mentioned during recruitment process is 4lakhs we get only 19500 to hand which is about 19500*12=234000.

And out of this if you have opted for loan for PGDBS program i.e for 3 lakhs (manipal program) EMI for 7500 will be deducted. So 19500-7500=12000/- to hand if you have opted for loan and you are an assistant manager. I was a member of this program (1st batch of this useless program). Situation is the same in ICICI and Kotak Mahindra etc, may be they get 2000 to 3000 more. I applied for IBPS PO and gave interview this time, my score is good and interview went well (thanks to Gr8AmbitionZ).

I resigned from axis bank and is on notice period now. I will quit this job even if don't get IBPS and will give SSC or any other exam. My intention behind writing this mail is to EDUCATE Aspirants. Salary to hand if you are posted in city is 12000 else 10000 .. Even a Municipality Sweeper is getting Rs. 12000 plus.

WORK pressure is unbearable here and sales .This is a sales profile.You have to go out get accounts, insurance etc etc. A lot of pressure and already about 25 top 30 employees from this program resigned. You will be harassed and put to lots of stress to get business .

That's it friends. Now you only have to decide whether to join or not. If you have anything to add or if you feel this post is wrong / biased, feel free to use the comments section below. Good Day :)
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111 comments:

  1. Thanks team. You are always try to help us. Please do the same in future too.. Special thanks to the person who shared this review. god bles..

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  2. One of the Best and Bold posts... Thanks

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  3. This comment has been removed by the author.

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  4. Are you damn sure, on completion of ICICI Manipal PO programme, the salary of asst. manager would merely be 12-15000 at max?

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    1. No it will be around 26k after loan deduction

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    3. No it will be around 23k my friend is right now working in icici through this program so no need to worry about salary

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    4. with loan deduction or without it?

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    5. with or without loan deduction

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    6. with loan deduction or without it?

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  5. And here comes the truth..i already knew that.thats why i didnt even appeared in those exams..thumbs up to the person and also gr8ambitionz :)

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  6. gr8 ambition team also is always or well wisher thnks gr8 ambition team u rocks always for showing us the right path..........

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  7. mam..pls help me..i had applied ssc cgl exam application..but now they have given certain changes ...if i again freshly submit application my candidature will be cancelled or not..

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    Replies
    1. it wont get cancelled. Anyone can submit more than 1 form. The form which you apply last will be considered as valid.

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  8. thanks a lot good daring move

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  9. This comment has been removed by the author.

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  10. bro..thank u for the great information.god bless u

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  11. IS THE SALARY SAME FOR BANK OF BARODA ALSO AFTER THE SAME MANIPAL 1 YEAR COURSE? A FRIEND IS ABOUT TO JOIN.

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    Replies
    1. Haan, mujhe bhi yehi janna tha. Kya "Bank of Baroda" aur "Andhra Bank" bhi aisa hi karte hain apne 1 Year Diploma Progremme k baad ?

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    2. As bob is a nationalized bank they will follow the scale so no need to worry

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  12. Hello mam can u plz tell the salary in hand of both bank po nd clerk job.

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    1. salary in hand for PO in PSB's are approximately 27000+HRA. HRA keeps changing on the basis of area you work in. This salary will increase further this June. A hike of 10% has been approved. Though bankers are demanding 30% hike but this 30% hike has yet not been approved.
      I have no idea about clerk's salary.

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  13. IT IS RIGHT FOR AXIS BANK I KNOW BECAUSE MY FRIEND FROM MANIPAL PROGRAM WORKING FOR 12000

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  14. Dont join this course if u have any option...worst program.. I am also doing pgdbf here ..although my bank is government bank ..Indian overseas bank but every time i think to leave this program..

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  15. But gov banks like bob and iob give more than 20 thousand after deduction of loan emi..

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  16. my friend you have really unveiled the truth..

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  17. this is true in case of private banks..but this kind of pgrm are good of PSB's lyk BoB,IOB..guranteed govt job..wht else do u need...

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  18. This pprocess introduced by icici.
    I'm also resigned from my job as assistant manager I. Designation may sound very good but job profile is pathetic... even worse than that... banks must give education loan.. instead of giving to others and those loans become npa .. so banks cameup with this idea to make its own employees to be a education loan customers.... and lock them with organization...icici recruiting 600 members per 3 months... which means more than that many people leaving the organization.... I'm proved of my self to take that matured decision....

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  19. This pprocess introduced by icici.
    I'm also resigned from my job as assistant manager I. Designation may sound very good but job profile is pathetic... even worse than that... banks must give education loan.. instead of giving to others and those loans become npa .. so banks cameup with this idea to make its own employees to be a education loan customers.... and lock them with organization...icici recruiting 600 members per 3 months... which means more than that many people leaving the organization.... I'm proved of my self to take that matured decision....

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  20. Thank You Very Much 2 Gr8Ambition Team & the Person Who gave this Review

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  21. work ur ass off po instead of doing these 1 yr program guys>>>

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  22. Govt & autonomous bodies are making money from such type of professionals & educational programs but there is no surety of job. More worst condition of IT people in Uttarakhand.

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  23. thanx 4 dis review ,it gives very helpful guidance :)

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  24. what about banks bank of baroda.....??

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  25. Hi Friends, i am working at KOTAK MAHINDRA BANK as a PO. As far as of my concern, i totally disagree with the above mentioned points.I too entered in this bank through this course and now my salary(after deduction of loan amount and all that) is 19,500/-. of course there may be pressure in the beginning, but as u go on it will be reduced and you will be designated with higher grades.....

    SO, ONE THING TO SAY-- In PRIVATE SECTOR, different tasks will be assigned to you (credit,operations, relationship....) and the salaries will be higher when compared with public sector...

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    Replies
    1. Hi Bro,

      Can i have your mobile number please? Dont mind i want to know more about these programs because i am trying to join in these proigrams, i applied for ICICI,kotak etc

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    2. bro. can u please mention, what is the working hour in kotak mahindra bank....and wha is the structure of written exam.

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    3. What is the age limit for gen to join the program?

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    4. Age limit kya hoti h apply karne ke liye??

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    5. what typ of questin are asked in interview??????

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  26. i agree with this article.iam also from one of the pvt bank pgdb.i saw the hell when i work in branch.nw i resigned it.my friends now getting 19k.but it worthless compare with our work.8.30am to 9.30pm

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  27. HDFCand timespro togeather conducting modren banking program .for this we need to pay 50,000.they give 2 months training after that they ofeer in HDFC .is this good oppurtunity ?

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  28. Thanks for providing me this valuable post...........Its realy good.

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  29. POST WAS NICE .. But dont use words which discriminates the others profession or work... instead use unskilled or other words ...

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  30. yes admin for private banks ......they need to go out and sale credit cards..and insurance
    but in case of bank of baroda, indain overseas and andhra bank conduct same programe...what about these bank PGDM......

    please reply this

    thank you

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  31. thank u gr8 ambition team for this article....
    but i have to know that is pgdbo program conducted by ifbi (niit)is worth or not

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  32. thanku 4 this gr8 post

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  33. admin plz provide the detail about the same program conducted by bank of baroda, andhra bank n IOB ...especially bank of baroda...???? m really looking forward for bob manipal po exam..so plz..do suggest!!! ...do they consider both ibps po n this progrm po candidates same afterwards or what?? ..admin or anybody having any sort of info about this..plz do reply :)

    ReplyDelete
    Replies
    1. Bob conducts an exam(not) thru ibps.andhra bank and iob takes candidates who qualified ibps but are not allotted to any bank(this is second round of intake in andhra bank and iob apart from allotments thru ibps)..Treatment will be the same for both except that you have to spend one year at manipal and 3.3 lakhs loan.so you will recieve 7000 less than a direct recruitee(which is for EMI) ..

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    2. Iob also conduct exam for this..not ibps..first know then write..

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  34. admin plz provide me with the proper details about the same po program for bank of baroda..m really looking forward for the bob manipal po exam..plz :) do they consider the candidates through ibps n through this prog same afterwards or not? n the salary in hand..plz :) admin or anybody having any sort of info about this, plz reply..ill be grateful

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    Replies
    1. BOB job is govt job or private job aftr completion of 1yr program frm manipal university....plz reply asap...

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  35. Friends i want to know whether joining in ING Vysya bank through Manipal banking is good idea or not. Process is same as in PSB banks like BOB & IOB.
    please guide me, if it can be useful in anyway. want to confirm if salary is same in all banks through Manipal banking.
    What salary comes in hand after deduction. i guess there should be growth in salary in yearly basis & after successful completion of loan, salary can be reach to 30k-35k in the end.
    I wish someone please clarify the doubts & gives insights as it will be helpful for all considering this as a opportunity.

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  36. Friends i want to know whether joining in ING Vysya bank through Manipal banking is good idea or not. Process is same as in PSB banks like BOB & IOB.
    please guide me, if it can be useful in anyway. want to confirm if salary is same in all banks through Manipal banking.
    What salary comes in hand after deduction. i guess there should be growth in salary in yearly basis & after successful completion of loan, salary can be reach to 30k-35k in the end.
    I wish someone please clarify the doubts & gives insights as it will be helpful for all considering this as a opportunity.

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  37. can anyone tell what if these private banks growth goes down and employees r sent back? will govt provide any compensation?

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  38. dear admin plz respond at the earliest. i am about to join IFBI program pgdbo/pgdbp...is work pressure more in these banks also...plz reply fast

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  39. u r wright my dear friends few people who r working they r also complaining.

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  40. admin please ...i have also some doubts regarding ifbi pgdbo programs...they charge 80,000 fees+service tax= 92000 ...but in this there is no loan amount and bond..after that 3 month internship with private banks mainly icici bank...please reply earliest as possible

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  41. thanks for your valuable post

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  42. what i think is all planned business by banks and the university .they wanna make money for that they are just using unemployed person .,,,.dont join if wanna have great future

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  43. I want to know about IYBP 2014 because my daughter selected for 3rd batch is it helpful or not?

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  44. My daughter selected for 3rd batch of IYBP 2014 the last date to apply is 30th april 2014 is this programme is hlepful or not

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    Replies
    1. Sir,has ur daughter registered?if so,has she received the interview call?pls do inform here if u receive..

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  45. Please give details regarding ING Vysya Young Bankers program also...Is it the same like other programme

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  46. ifbi icici program is beneficial r not?? Is banking operations means sales? Ifbi is useful r not plz reply frns..... and the course fee is 1lakh rupees..

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  47. what typ of questions are asked in interview and how many r selected???

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  48. guys.....dont join the ing vysya young bankers program.....i was a student of the 1st batch.....its a useless program....salary offered will be less after loan deduction....and there will be lots of stress....and as per the agreement we have to definitely take a loan and the EMI is for 6 years.....so once you get in.....you r their slaves.....it will spoil ur careers....i am suffering now.....please think twice before joining such useless programs...!!

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    Replies
    1. hello ramesh varma i am sellected for ing young bank program3 ... can u please give ur contact no;; i have many doubts regarding ing vysya po programm.. plzzzzz it is very helpful to me

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  49. Guys....dont ever join the ing vysya young bankers program.......i am a student of its 1st batch......after the end of course they will provide sales job with a very low salary after the loan deduction.....though the fee is 3.8 lacs....u pay them almost 6-7 lacs including the interest charges.....there is no option of self funding too.....please think twice before joining such useless programs.....dont spoil ur careers like i did....its better to prepare well and try for get jobs directly....all the best

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    Replies
    1. Hello Ramesh, I am selected for IYBP. I am in a very confused state as to whether join this program or not. Few positive reviews, few negative reviews confuse me. Could you be exact as what the salary be after joining the bank (after loan deduction) and afterwards ?

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  50. dont join the ing vysya young bankers program.....its useless

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  51. I have one serious doubt.After completion of the ing vysya manipal program, they are offering job as customer care manager......is this job same as a PO or not??

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  52. can any one tell me about hdfcTimespro Modern Banker Program me?

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  53. I am planning to apply for Axis PO Program. But after reading this article I am in a dilemma whether to apply or not. Need assistance. ASAP

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  54. Donot join these programmes they are worthless

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  55. hello friends..i want to know about the in hand salary we will get in axis bank after loan emi deduction??

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  56. Hello every one, I want to know about this program conducted by Federal Bank. Here the package offered is 6 LPA. I am a bit surprised with the package and want to know does it differ from other banks. Any one with some stuff regarding this help me.
    Thanks and regards.

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    Replies
    1. yes its true federal has less pressure than odr pvt banks n its good

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  57. Hello every one, I want to know about this program conducted by Federal bank. The package offered is 6 LPA. I am a bit surprised with the package offered. I heard that this bank is much different from other banks. People with some relevant stuff please help me.
    Thanks & regards,
    Amar.

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    Replies
    1. sir i got shortlisted in ing vysya young bankers program,,, i got doubts regarding salary after pgdbf and work pressure and salry after loan deduction and personnel growth in ing bank please reply me i

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  58. sir i am slected in axis bankl young bankers program 2014.... i am in confused stage plz help me
    1.how much salary i will get after the loan deduction?
    2.Approximately how many years we able to complete the loan of 4lakhs with 1% interest?
    3.Approximately how much ruppees hike aftr 1year?
    4.Every 2year they will gve promotion during promotion how much percentage salary will increase from actual salary package of 4lakh?
    5.Within five years whthr i able to complete my loan r not?
    6.Aftr 5yrs how much would be the salary package for me?
    7.wht abt work pressure?
    8.It is useful r not?
    HELP ME FRNDZZZZZZZZZZZZZZZZZZZ,

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  59. hi all..
    reading all above comments i have one simple question.. is it worth joining bankers program from manipal university?? i am thinking for axis bank and BOB. plzz suggest me. also after completion of program where do they post u?? in which area?

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  60. MANAS
    hi i am selected in axis bank yong banker proogram as assistant manager. please sugest me whether i will go or prepare for psu bank.

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  61. Thanks all for all redeemed info regarding program it helped me seclude what do i do with the program...

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  62. Guys tell wtz the xact amount aftr loan deduction in axis bank???????????

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  63. frd they have mentioned staff loan benefits as 5740 rs after 6 months from day of posting
    so what is staff loan benefits ?????
    surely we will get or not?????
    i am about to join this program...plz can any one tell me

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  64. i got icici ,is it worth joining,,.i am already working as software engineer wiyth 20k salary..but diff location ..i want my state to work..do icici entertain this,to work in my location??

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  65. if it is the situation... after investing 3.3 lakhs getting 15K around... then whats the diff between manipal pgdb and IFBI pgdbo(where people working in ICICI after IFBI pgdbo getting around 16K / month salary after investing 80K in 6 months.....)....................
    and also these days more people are talking about job pressures......no one likes sales (ok for obvious reasons..press).... what job do not have press i do not know.......after doing MBA people are getting the same profiles too if not from top institutes.....so is it like we should wait till we get Govt job and do nothing........ plz suggest where to go if all the job profiles are bad.....(IT bad bank bad..sales oriented....etc etc... ) (i do not know but a bro of mine is assistant manager grade 1 .. joined after MBA ... drawing 28K in ICICI .... how come this happen.....) ...
    plz reply.... it is an honest request........
    i am in confusion whthr to join it... got selected......before reading this my mind was happy...now not..make my mind clr as u have instigated the confusion.....plzzzzzzz
    is idbi and bod same too...???

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    Replies
    1. How can they say ? They just shared an aspirant's view. Now it's upto you to decide whether join or not

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  66. Sir please tell me is it good for me to join icici pgdbm course
    What would be annual salary

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  67. Hi friends....
    I know you all are right ....there is pressure ...like cooker .....but friends if have a passion for banks and you r sales oriented person. .and want to see your career on the tope
    After 3 years .....you should go for it .....Icici kotak axis pg programe is good ...I know salary is low and that's the truth ....but after 3-4 years when you will switch to some other banks you deffinatly will get a good package .....as a operation head or bom ....if you join as a sales through direct recruitment u need to give your 5-6 year to becoming a am....or as a CSO u need to give 3 year .....ab aapme dum hai to kro sarkari ki preparation ......or AGR kise chamatkar hone ka wait kr rhe ho to Bethe Bethe balatkar hi ho jayega ...time b jayega ....or eligibility bhi phir shop khol kr bethjana ...sorry friends but this is the truth ...decision should be yours ...

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  68. Can anybody please guide regarding axis bank young bankers program. Is it worth joining or not? Getting a lot of mixed reviews. What's the actual profile n salary structure ?

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  69. Hii guys i have been selected for abybp.. But i am highly confused. Because everytime i vist axis bank. Each employees suggest me not to join this prog. They say axis bank is nt good.. U will just waste your money.. Sooo pls anyone guide what should i do?

    ReplyDelete
    Replies
    1. Don't go for axis .its a wastage of time and money .unless u want to work as CFO in axis .

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  70. Its not the same for ICICI .you get in hand 30K .after loan deduction u will get nearly 22500.Axis program is not so gud .just a wastage of money .bcoz after the program u will be absorbed as CFO whereas in ICICI u will be PO ,bcoz of this there is much diff in salaries.

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