Probationary Officer Training Programme is an initiative of ICICI Bank to attract young talent who wish to pursue a career in banking. It is designed to develop specialists with banking knowledge and selling skills to fulfil the need of trained bankers It is a one year training programme, conducted at ICICI Manipal Academy, Bengaluru Since its inception in 2007 more than 10,000 students have joined the Bank after undergoing the training at the ICICI Manipal Academy, Bengaluru Training and MBA Degree Those who are finally selected will have to attend the training scheduled to begin in the month of November 2015 & February 2016 at ICICI Manipal Academy, Bangalore.
The highlights of this course are:
i. Everyone entering training stage will be handed a job guarantee letter and enrolled for MBA (banking and finance) degree from Manipal University.
There are two phases:
First phase runs for a period of 12 months, during which stipend shall be paid. On completion you will be awarded PG diploma in banking (PGDB) and would be appointed as assistant manager in ICICI bank drawing a salary of more than 4.lakhs/ year.
Second phase is optional wherein a candidate after joining the bank may continue the MBA degree program for 18 months For undergoing this training, Rs 3.37 lakhs should be paid but this amount can be availed as loan from ICICI bank itself Salient Features of Probationary Officer Training Program.
The training has a blended curriculum with instructor led classroom sessions, e-learning and internship at ICICI Bank branches/offices The training imparts knowledge and skills in core banking (banking products, banking operations, channels and customers, receipts and payments, etc).
The trainees will have the opportunity to specialize in one of the following areas in banking:
i) Trade Finance
ii) Privilege Banking
iii) Rural Inclusive Banking
iv) Retail Banking
v) Any other Profile as decided by ICICI Bank.
The participants are put through a very rigorous training with special emphasis on application of knowledge and overall development of personality.
The classroom sessions (7 months) are conducted at the ICICI Manipal Academy and internship (5 months) at any ICICI Bank branch or office (within India) The Probationary Officers are paid stipend to meet the out of pocket expenses The Probationary Officers will get an assured employment with ICICI Bank on successful completion of the Probationary Officer Training Programme.
The faculty is comprised of experienced professionals in the domain of banking and finance and behavioral sciences. There is a special focus on the overall grooming of the individuals and that is further facilitated through a learning environment that is created through lectures delivered by experts from ICICI Bank and the banking industry The campus is equipped with the best educational infrastructure e.g. air-conditioned classrooms, video conferencing rooms, auditorium, well stocked library, boarding and lodging facilities, recreation and sports facilities, etc
The residential nature of the programme ensures that the Probationary Officers imbibe the culture and values of ICICI Group.
Eligibility Criteria:
Those who have completed graduation with 55% (Aggregate) marks in any discipline Up to 25 years of age as on 30th June 2015 (should have been born on or after 30th June 1990) Only shortlisted applicants will be invited for the selection process.
The above will be considered as the threshold crieteria for shortlisting Selection Process and Fees of the Training Programme.
Selection Process-
The selection process for Probationary Officer will consists of:
> Online Aptitude test
> Online Psychometric Assessment
> Case-based Group Discussion (GD)
> Personal Interview (PI)
> Merit List
*The GD and the PI (only for applicants who successfully clear the GD) will be concluded on the same day Fees of the Training Programme: The Probationary Officer Training Programme is a cashless bridge to managerial jobs for aspiring students To pursue the Probationary Officer Training Programme, the interested students will have to invest rupee 3.37 lakh (The course fee is rupee 3 lakh; along with the applicable service tax at the current rate of 12.36%, the total amount to be paid is rupee 3.37 lakh) However, during repayment of the loan, the prevalent service tax rates will apply which would be provided by ICICI Bank as a loan at a subsidized interest rate of 2.5% p.a. This is the fee for the first phase of the PGDB programme; the fee for Phase II is an additional amount of rupee 1.5 lakh This will be paid by students who opt for this phase. After completion of the Training Programme, the Probationary Officers will be absorbed as Deputy Manager in the Bank.
The loan is to be repaid by Probationary Officers in equated monthly installment (EMI) after joining the Bank There would be no recovery of EMI or interest during the training and internship period, the interest accrued during this period would be recovered along with the normal EMI. The EMI is spread over a period of 60 months to ensure that there is minimal impact in the monthly earnings of the Probationary Officer However, if the applicant leaves during training or within five years of joining ICICI Bank after training, ICICI Bank would recover the principal and the interest at market rate on the entire loan amount for the period that the amount was given as a loan to the Probationary Officer Total Fee: The total fees is Rs 3,37,080/- (Rs 3,00,000/- plus Applicable Service Tax)
How can I apply? Log on to www.icicicareers.com and fill up the application form online.
Test dates and locations will be announced at a later date for which you will get an E-mail/SMS Application Form Applications for the PO recruitment of ICICI bank have to be submitted only through their website www.icicicareers.com
Since there is no application fee to be paid you can proceed directly to the online application form available at the website www.icicicareers.com-- you may also visit their website regularly to check for frequent updates Career option with ICICI Bank ICICI Bank follows a meritocracy based performance oriented culture where deserving employees are given responsibilities ahead of time Probationary Officers who successfully complete the Probationary Officer Training Programme will join at the grade of Deputy Manager (Band I)
They will be placed in any one of the following areas:
*Trade Finance
*Privilege Banking
*Rural Inclusive Banking
*Retail Banking
Any other Profile as decided by ICICI Bank On absorption in ICICI Bank, the Probationary Officers will be on probation for a period of one year The gross salary of a Probationary Officer on joining the Bank after training will be around Rs. 4 lakh per annum.
Important Dates The applications for November 2015 & February 2015 batches will remain open till 30th June 2015.
The Aptitude Test is likely to be held in July or August 2015 Group Discussions (GD) / Interviews in the month of August-September 2015 Training shall start in batches, the first in November 2015 and 02nd in February 2016.
Centre for Human Resources ICICI Bank Limited, HRMG, 6th Floor, Trans Trade Center, Near, Floral Deck Plaza, SEEPZ, MIDC, Andheri (E), Mumbai-400093 (India), Email: at icicicareers@icicibank.com, Website www.icicicareers.com
