Bank Job - ICICI Manipal Academy PG Diploma, Career & Benefits (Job, Result, Exam, Enews)

Recruitment of Probationary Officers (PO's) under the ICICI Manipal Academy PG Diploma :

ICICI
Probationary Officer Recruitment

Probationary Officer Recruitment is an initiative by ICICI Bank to attract bright graduate students to pursue a career in banking. It is designed to develop specialists with banking knowledge and skills to partially fulfill the future need of trained bankers. The programme is one year full time residential training programme which is conducted at ICICI Manipal Academy campus at Bangalore. Those who successfully complete the PO training are awarded a Post Graduate Diploma in Banking and are absorbed as Assistant Manager- I grade in the Bank .

Salient Features of PO Training:

The training has blended curriculum with classroom, e-learning and internship. The training imparts knowledge and skills in core banking, one specialized area in Banking, etiquette & grooming and language skills. The classroom sessions (9 months, trimester pattern) is conducted at the ICICI Academy and internship (3 months ) at any ICICI Bank branch or office (within India). The Probationary Officers (POs) are paid stipend for first 9 months to meet the out of pocket expenses, and their living expenses & a city allowance as decided by the Bank. Further the POs are also covered under Group Medical Insurance, Group Life Insurance and Group Personal Accident Insurance for the duration of the programme. The POs will get assured employment with ICICI Bank on successful completion of the PO Programme. Applicants joining the Probationary Officer training will be enrolled for MBA in Banking and Finance. It is a UGC approved programme and Manipal University awards the degree. MBA (Banking & Finance) course duration is for a period of 30 months (2 ½ years) with the maximum period for completion being 60 months.

MBA (Banking & Finance) program consists of two phases: First Phase: Comprising of 12 months of On-campus training (9 months of classroom training & 3 months of internship in ICICI Bank).

Second Phase [Optional]- Comprising of 18 months of Online Training (3 Semesters) are designed to provide managerial skills to the students on joining th Bank after training in a working and business environment .

Selection Process and Fees of the Programme

Selection Process:

The selection process for Probationary Officer will consists of

Aptitude test Group Discussion Personal Interview

Fees of the Programme :

The PO training is a Cashless Bridge to managerial jobs for aspiring students. To pursue the PO Training, the interested students will have to invest Rs. 2.75 Lacs (service tax extra ) which would be provided by ICICI Bank as a subsidized loan of 2.5%.

After completion of the Training, the POs will be absorbed as Assistant Managers in the Bank. The EMI for the loan would start once the POs have joined the bank. There would be no recovery of EMI or interest during the training period, the interest accrued during this period would be recovered along with the normal EMI. The EMI are spread over a period of 60 months to ensure that there is minimal impact in the monthly earnings of the PO.

However, if the applicant Leaves during training / Leaves within five years of joining ICICI Bank after training, ICICI Bank would recover the interest at market rate on the entire loaned amount for the period that the amount was loaned to the PO, plus the outstanding loan.

Career option with ICICI Bank

ICICI Bank follows a meritocratic and performance oriented culture where deserving employees are given responsibility ahead of time. The POs on being absorbed into the ICICI Bank, will automatically be a part of the prevailing performance Management cycle and their growth will depends solely on their performance and delivery on the job.

Those POs who successfully complete the PO programme will join at the grade of Assistant Manager (Band l). They can be currently placed in any of the following areas:

Trade Finance & CMS. Branch & Relationship Management. Private Banking & Wealth Management. Risk and Credit Management. Treasury Management. Any other Profile as decided by ICICI Bank.

On absorption in the ICICI Bank, the Probationary Officers will be on probation for a period of one year.The Gross salary of PO on joining the Bank after training will be more than . 4 Lacs per annum.

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