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Case Studies

Top Reasons to Join the Banking Sector in Bangladesh and Why Not

A person who has established his career in the banking sector in Bangladesh
normally gets a higher acceptance in society. There are many Government and private banks in Bangladesh who gives a very lucrative salary. And offering young people more and more to work with them in order to contribute to the overall development of Bangladesh.

Top Reasons why Anybody Should Consider Banking as His Career

1. Challenges And Variety

It is sure that the banking sector is one of the most diverse sectors where people work as a bank officer or financial analyst or an accountant very proudly. They can also work as a specialist IT officer to a manager in a bank. All these posts in the banking sector are multifunctional and one can challenge their ability at work. People who are ambitious and always want to develop their competitiveness, strong personality, and overall diversification, the banking sector is all in one for them.

2. Scope For Individual Growth

As the environment of the banking sector is very competitive and it provides ample scope for the talented and dynamic individual. While working in a bank,
employees need to cooperate with various kinds of people. This really helps in growing the skills of communication, negotiation, adaptability, stress management of those employees. In a bank, they find a new environment that helps them in measuring new personal heights and improving job profiles for individuals.

3. Growth For National Economy

The banking sector is called the backbone of a country’s national economy. Working in the banking sector gives you an opportunity to contribute to the national economic growth for Bangladesh. And, it is true that working both for individual growth and for the country is best of all and the jobs in the banking sector give you this opportunity.

4. Countrywide Travelling

As a bank has different branches in different parts of the country as well as abroad. Working in a bank, the employees can have an opportunity to be transferred from one
place to another. They get to know different people and experiences different types of knowledge they required. While traveling abroad they also get to work with the foreign people where they present our countries generosity, cultures, and values too.

5. Handsome Salary

Young people find money as a source of growth and happiness. If a job provides
good money, they normally show their interest in that job. In banking, all the jobs provide a very good salary. Otherwise, all the reputed banks always want experts and don’t want employees to lose their interest in their job. So they pay as much as
a handsome salary is possible to the employees.

6. Job Security

Job in a bank is considered as a job of life. Bank provides different types of loans to the bank employees. There is almost a zero probability of losing the job in a bank because of downsizing or an overall bad economy flow. And, it is clear why the banking sector job is attractive to all.

7. Field Of Creativity

A job in the banking sector is very creative in different prospects. When more money being generated in newer and faster ways, the roles and responsibilities of the employees are being changed on a regular basis. With more money, banks need to
change the rules and employees have to adapt those. So it is a field of variety where every employee needs to be creative to get success in their job as well as to the success of that bank.

Overall it can say that jobs in the banking sector will satisfy every employee giving various opportunities. It provides self-development with challenges and gives a good salary.


But nowadays people of Bangladesh are losing interest in the banking sector. The reasons are,

1. Get Dismissed

During the COVID-19 pandemic, many private banks in Bangladesh as like AB Bank have reduced many employees. Because they have not enough money to pay the
salary of the employee in the pandemic situation. People are taking it as a bad sign in the Banking Industry.

2. Bankruptcy Of Bank

Sometimes banks take a good amount of loans from the central bank of the country to increase their activities. If banks aren’t able to repay the loan, the central bank has no other choice than declare bankruptcy. As a result, the employee of that bank loses their job. In Bangladesh, many banks are on the way to be closed due to bankruptcy and many employees will surely lose their job.

3. Non-European Standard Opportunity

The employees of European banks have houses, cars that are provided by the bank. But in Bangladesh, there are no opportunities like this. Even a European bank will provide a high salary but a Bangladeshi bank don’t even the Bangladeshi bank’s employees have to work to the same thing as a European bank employee do. Lack of
digitalization decrease the interest of young people to work in a bank in Bangladesh.

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Case Studies

10 Career Mistakes I Wish To Never Make

Making a good career is not a joke. Everyone has to work hard to make a good career. It’s not a normal way and not also what everyone expects. People make a lot of mistakes when they built up their career. These mistakes are almost common. They are:

Assuming a linear career

The first mistake they make is an assumption. The assumption is really bad and they collectively assume a lot of things without even asking or researching. One of those assumptions is that careers progress linearly. They think that they will make an internship after education and get a job. After 3 years of job, they will become a low-level manager and after a few years, they will move to a company which will provide them a better salary. But there is no guaranty of becoming a low-level manager within 3 years or getting a high salary in another company. It can easily take more time what everyone never thinks.

Prioritizing money

When everyone enters into their career their main attention goes to money. They become crazy to earn money. But only earning money is not the main thing to build a good career. They have to learn new things, making experiences, adding value to other people’s lives. It doesn’t mean that you don’t have to earn money. It means to earn much money that they need and spend the rest of their time increasing their skills. If they are experts in the management side but they have no idea about marketing and then they somehow lose their management job and involve in the marketing side, their career will be in threat. So, they need to gather knowledge about other things while earning money.

Wasting time

Time is the most valuable thing in shaping up a career. But most people of this generation waste them a lot by using the internet or watching tv or pointless shopping or leisure activity. Though entertainment is important in life it doesn’t mean that they have to waste every free minute they have. They can use their free time by developing their career. They can do something which can make them an expert.

Choosing a job over an industry

After completing education, they try to find a job in every type of industry. They find a different job but in most of the cases, they don’t find their interesting job. Because the industry has different jobs. Less interest makes the job uncomfortable for them. Then most people try to find a new job which makes them retreat. Cause they have given time in one job and they have to give time a lot in the new one. So, everyone should choose an industry where they can find a suitable job.

Getting comfortable

After working hard a few times they think that it’s time to take a rest for some time and then they make one of the biggest mistakes. No one is safe. Cause life is a competition. If they take rest for a while their rivals who are eagerly waiting for that scope will make the best use of this. So they never have to feel comfortable. They have to work hard a lot to make themselves successful. After gaining success there has no time even to waste. Working is the only thing to make a successful career.

Not asking for things

Every job is attached to the business sector in one way or another. So other people will try to take their spot, push them over or mess up their career. Even in this way they can find that their career has been destroyed. The main problem is that people are shy about asking anything. Asking logical things is the right of an employee. If they want to work on any other thing they have to ask. If they want to increase their salary they also have to ask. Cause no one will give them anything for free.

Not following your interest

There are two types of people. One type of people who follow their own passion and others do not. If they don’t follow their passion they can easily lose interest. As like one is expert in both management site and marketing site but his passion is management. If he works in a marketing site he will lose his interest gradually. It is only for passion. Some people say that they don’t follow their passion. Surely, they will suffer a lot in their career. Cause if they have a passion for something they can’t do the other things with a little bit of interest.

Not listening to people

When people complete their education, the biggest mistake they make is they think they are mature enough to make decisions. They don’t listen to those people who have experienced them. Experienced people can tell them the scope, danger, probability of a specific job. They also can say which jobs will give them future security and which not. But the main problem is they don’t even try to listen to them and in the path of their career, they struggle.

Wanting too much, too quickly

While building a career, everyone has to keep patience. Because a career doesn’t follow a linear line. They can’t leap from zero to top within one day or make a giant leap. But everyone thinks that they can become successful overnight. This is too much wanting. Building a career will take a lot of time. Then there are always ups and downs. They have to overcome these. Keeping wants easy and slowly gaining everything will make their career-best.

Not asking for help

Though they can be an expert in one subject but not perfectly. They need more knowledge. But the problem is when they think they are experts, arrogance raises up in their minds. They think that why should they consult with a matter that they know well. In this way, they make bad decisions which hamper their career. So, when making any decision, they have to consult with their colleagues.

If these 10 mistakes everybody can lessen in their life, they can make a better way to build up a good career.

Sources: theladders.com, observer.com, (Darius Foroux’s Confession)

Written by
Md. Istiak Ahmed
Faculty Of Business Studies 10th Batch
Department Of Management
Session: 2019-2020
Mawlana Bhashani Science And Technology University, Santosh, Tangail.

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Case Studies

10 Successful People Who Changed Their Careers After the Age of 30

People say that age is just a number. Well, is it really true? Most people feel insecure and anxious about undertaking any decision that contains risk after a certain age. After settling in a job, most people want to stay put rather than taking any risk. Many inherit innovative ideas but they lack the courage to go forward with that idea because of different kinds of mental pressures. Many fear that staying in an old underprivileged job is better than pursuing their dream and be unsuccessful and lose everything. Age is a big restriction for many.

But sometimes knowledge gained through age is necessary for becoming successful. Here is a list of 10 successful people who changed their careers after the age of 30. Indeed, exception can’t be an example but the names in this list may inspire you to pursue the loving dream that you hold.

Ray Kroc

Raymond Albert Kroc is the original mastermind who is behind the success of McDonald’s. In 1954 at the age of 52, He bought the California company McDonald’s 1954, after the McDonald brothers had franchised six locations out of their original 1940 operation in San Bernardino. He took control and made McDonald’s the best fast-food chain in the whole world.
But before buying McDonald’s he worked as a milkshake mixer salesman for the foodservice equipment manufacturer Prince Castle. And before that, he was a Red Cross ambulance driver at the age of 15 during World War I.

Colonel Sanders

Every fast-food lover has heard the name of KFC. But Colonel Harland David Sanders, the founder of KFC can be the best example for the term “Age is just a number.” He was 62 when he started and franchised fast-food chicken restaurant chain Kentucky Fried Chicken (also known as KFC).
Before starting KFC, everything Colonel Sanders touched eventually turned into failure. He tried various jobs all-over his life but couldn’t find success. Even in social media, various motivation posts can be found under the name of Colonel Sanders.

Jeff Bezos

Jeff Bezos, presently holding the title of Richest Man in the world, also started his venture after the age of 31. He is the first centi-billionaire (those who possess a net worth of more than $100 billions) on the Forbes wealth index and holding the title of Richest Man in the world since 2017. In 1994, he started Amazon with the idea of opening an online bookstore. He’s also the owner of The Washington Post and founder of the space exploration company Blue Origin.
Before that, he was successfully working in Wall Street to look at the business of several financial firms and doing well in his career in computer science.

Jack Ma

Jack Ma’s life is perhaps the greatest example of success through failure. He failed many exams in his school, he was rejected 10 times in Harvard. He was turned down in 30 job applications. He was the only interviewee (out of 24) rejected by KFC. But in 1999, at the age of 33, he founded his own venture Alibaba group and became one of the Richest Man in the world. Though recently in September 2018, he retired from Alibaba at the age of 55.

Arnold Schwarzenegger

Arnold Schwarzenegger rose to fame as the world’s top bodybuilder, who decided to become an actor at the age of 30. He also tried various careers before becoming an actor. He was also successful in those. At the age of 56, he pursued politics and became the Governor of California in 2003. As of 2020, he is the most recent Republican governor of California.

Harrison Ford

Harrison Ford worked as a carpenter to support his family financially. His father was a carpenter and his future career goal was also doing woodwork. At the age of 31, he found his love for acting and joined Hollywood. Now he is one of the most reputed actors in Hollywood. He is known for his roles in famous movies like Star Wars, Blade Runner, Indiana Jones, etc.
Ford studied English and philosophy at Ripon College in Wisconsin. However, he ended up leaving before completing his degree.

Vera Wang

Vera Wang has known her works in the fashion industry in the US. She is a very reputable fashion designer. But she joined the fashion designing industry at the age of 40. She was a senior fashion editor at Vogue for 15 years and then a design director for Ralph Lauren. After designing her own wedding dress, she opened a bridal boutique and soon launched her own signature collection. Before joining the fashion industry, she worked as a figure skater and journalist. However, she fell short of her Olympic dreams when she and her partner, James Stuart, placed fifth in the junior pairs competition at the 1968 U.S. National Championships.

Sara Blakely

Sara Treleaven Blakely is an American businesswoman, entrepreneur, and philanthropist, and founder of Spanx (Spanx, Inc. is an American underwear maker focusing on shaping briefs and leggings, founded in Atlanta, Georgia).
Her 1st plan was to become an attorney but she scored very low on the Law School Admission Test. Then she worked at Walt Disney World. After that, she also occasionally worked as a stand-up comedian during this period. Then she sold office supplies for 7 continuous years by doing door-to-door marketing.

Cher Wang

Cher Wang is the Co-founder and chairperson (since 2007) of HTC Corporation and integrated chipset maker VIA Technologies. HTC Corporation was one of the biggest giants in the smartphone industry. She started HTC Corporation at the age of 39. Before that, she was a general employee in her sister’s company. She got birth in one of the powerful business family of Taiwan. She created HTC with the hope of making handheld computers that could fit into pockets.

Jonah Peretti

Jonah H. Peretti is an Internet entrepreneur, a co-founder and the CEO of BuzzFeed, co-founder of The Huffington Post, and developer of reblogging under the project “Reblog”. He started The Huffington Post at the age of 31. Before that, he taught computer science classes at Isidore Newman School in New Orleans, in the mid-1990s. He also worked as a computer teacher helping school-going children to learn using Microsoft Excel.

While this article may not give you too many insights about these personas but this can give you enough motivation to pursue your own dream. Run for your dream and go for your passion. Love your work and money will find you.

Writer By

Shimanto Saha
Student at Mawlana Bhashani Science and Technology University
Department of Business Administration

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