[ad_1]
Understanding Banking and Finance Careers
Careers in banking are both lucrative and rewarding, but at the same time varied and diverse. Before choosing a career in finance, one should take a step back and consider what type of position would be a good fit for the individual. For example, should one apply for a career in retail banking or try for a more lucrative position in a multinational corporate bank? The final decision is important. So, we hope that this short but informative guide will help you find your way.
retail banking
Retail banking is represented by the branch network of high street banks. The entry level career in this type of banking is the counter teller whose job it is to provide service with a smile to visiting members of the public. Duties mostly involve regular deposits and withdrawals of funds from personal and business bank accounts, but may also include basic advice on various financial products. The qualifications required for this type of position are at least a post-secondary education and some type of customer service and cash management experience. Other retail banking positions include personal manager and business manager, usually promoted from counter staff, whose job is to open new bank accounts, issue loans, and provide advice on financial products including insurance and mortgages. Finally, we have the bank manager who oversees the branch and its activities. Retail banking jobs do not require university qualification and hence it is an ideal career option for less educated individuals.
investment banking
Investment banking covers a wide range of specialized financial services to meet the needs of commercial, industrial and government clients. Careers in this field include investment banker, stockbroker and financial analyst. Duties include setting up and managing corporate debt, handling company acquisitions and mergers, and day-to-day trading of stocks and shares. To qualify for an investment banking career, one must boast of excellent written and verbal interpersonal skills and must have a good academic track record, ie A level, with at least a degree in any subject. Graduate training courses and internships are available but in short supply, meaning competition for places is stiff. A wise move for those seeking to fast-track to high-end finance jobs would be to study for a degree in a related field, such as accountancy, economics or financial planning, and use such qualifications to move into a relevant finance banking career. Doing.
[ad_2]