Enriching careers in banking are both rewarding and fulfilling, but at the same time are diverse and varied. Before choosing a career in finance, an individual ought to take a step back and consider which type of position would suit your personality. As an example, should one apply for a career in retail banking or attempt to get a more lucrative position in a multinational corporate lender? The last decision is a significant one. Thus, we hope this short yet informative guide will help you find your way.
Retail banking signifies the branch networks of High Street banks. The entry-level career in this type of trading is your counter teller whose job it is to deliver service with a smile to visiting members of the public. Duties mostly involve regular withdrawals and deposits of funds from private and company bank accounts but can include basic advice on different financial products. The qualifications required for this kind of position are at least a secondary education plus some customer service and money handling experience. Other retail banking locations include private managers and company directors, typically promoted by the counter employees, whose job it would be to open new bank accounts, issue loans and provide advice about financial products such as mortgages and insurance. Last, we've got the bank manager who oversees the division and its activities. Retail banking jobs do not require faculty qualifications and so thus are a perfect career choice for less academic individuals types of careers in finance.
Investment banking covers far more specialized financial solutions, looking after the needs of commercial, industrial and governmental customers. To qualify for an investment banking career, one must boast excellent verbal and written interpersonal skills and possess a fantastic academic history, i.e., A levels, together with a minimum of one degree in any subject. Graduate training courses and internships are offered, but are in short supply, meaning competition for places is tighter. A wise move for those wishing fast-track to high-end finance projects is to study for a degree in a related field, such as accountancy, economics or financial planning, and utilize this type of eligibility to move to an appropriate finance banking career.
Alex H. is a professional writer mainly writes career tips and tricks for individuals looking business jobs and fund projects.