Posted by: mp123 August 24, 2011
I m offered a Job in Bank in Nepal, should i go back ?
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 @ dolphin...by 2009, i already had a promotion and was awaiting the next one...i also got to visit india, malaysia, saudi arabia, qatar, uae etc on banking business...around this time, a few other banks were also making offers to me...however like i said, i quit and started my own business, which is banking related

 promotions in nepali banks is normally wholesale, however out of turn promotions are given...based on work, need for retention etc (the usual source force also plays a big part)...there's a old boy's club in nepal just like anywhere else in the world...however, it's not always discreet...chalk that to our lack of diplomacy...possibly not being discreet is in our common DNA (so name dropping is very common, corporate politics is also amazingly big, so i guess i understand)

your colleagues will be a gamut of people with degrees from india, nepal, philippines, australia, UK, US etc, hence competition is high...but if you're a good seller, chances are those promotions will come fast (a guy i know with an indian degree got deservingly promoted thrice in four years...imagine his abilities!!)...having a good political connection (especially in rastra bank and/or finance ministry) also helps during promotion time...remember your colleagues will also have political contacts, hence having a good one is absolutely essential...or else they might cross each other out and a third person with stronger connecting might slip through (this part was for out of turn promotions)

 if you stick to a single bank and join as a junior officer...the AM position is about 5 years away...a guy who joined with me jumped banks and is currently DM (deputy manager) in one of the newer banks...that's one step ahead of the AM position...US degree doesn't play a big part in hiring, retention and/or promotions...most people here consider US degrees passe (with so many students going and returning, i guess the aura has diminished)...possibly a harvard degree would still sell...most nepalis are familar with it being one of the best in the world...am not too sure about other ivy league schools

normally once you start working and start building contacts, many opportunities come your way...when i started in 2004, nepal only had 17 commercial banks...the count today is 31, hence a lot of opportunities for movement and if someone who's evaluated your work and/or is in knowledge of your abilities goes to a new bank, chances are that person will also take you along...all in all, the situation in nepalis banks are akin to the one in the US...contacts plays a big part, networking is essential, opportunities are galore 

all in all, i'd say a banking career in nepal isn't all that bad...obviously the pay isn't like the US...but savings can be if the whole thing is charted properly...i guess that's about it...email me if you have any other specific questions

Last edited: 24-Aug-11 07:10 AM
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