Considering a Career Shift from Banking to HR: Is It Possible Beyond the Banking Sector?

I have experience of 10 years working in an Indian PSB. Within the bank, I have been a part of the HRM Section and IR Section for more than 6 years. Now, I am not willing to continue my bank job. Can I pursue a career in HR in any sector other than banking? Your guidance is required.

Experience and Opportunities in HRM and IR

Experience of over a decade in HRM and six years in IR is a very relevant background, and in normal times, it should secure you a good placement in a Manager-level to DGM post. It is not really the length of experience but the quality and variety of situations you have dealt with that carry a lot of importance in the job market.

These are difficult times, and there is no immediate possibility of normalcy returning, which adversely affects any expansion of industries and consequently manpower addition. So you will have to wait for the right time and opportunity before making a career move. The experience in PSBs is not very relevant for organizations in the manufacturing sector or even for IT/digital operations. Therefore, you need to be a little cautious about this.

A switch from one industry to another cannot be the career's goal, but it can be a part of the career plan. In the interest of career growth, if it merits, then one can very well make a switch from one industry to another.

The importance of a Career Development Plan (CDP)

The important component of the Career Development Plan (CDP) is doing a SWOT Analysis for oneself. Have you done that?

Earlier, I have given an exhaustive reply on both topics. You may click the following links to refer to those:

https://www.citehr.com/556761-swot-a...ml#post2293838

https://www.citehr.com/595865-best-m...ml#post2382901

Thanks,

Dinesh Divekar