Show Me The Money
Professionals who succeed in the banking industry have their priorities straight. Put simply, they enjoy working with people and making money. However, it takes hard work to earn a six digit salary, as banks want to make sure that the right people are working for them. If you are responsible, willing to work long hours and good with numbers, keep on reading and learn how to get a bank job.
1st Objective: Write a solid resume
Whether or not you graduated college is not as important as passing a rigorous background check, having a good credit score and writing a factual resume. Some college or a job in sales will be a plus on your resume, yet these experiences are not required. Clearly describe your professional experiences and education on your resume, while promoting you analytical and communication skills.
2nd Objective: Get a foot in the door
Research the different banks in your area and call them. Talk to human resources or management and establish rapport by letting them know (if it’s true) that your career goals and background are compatible with the bank’s objectives. Remember to ask for the contact’s name, email or physical address. Send your resume along with a cover letter that details your education and experience.
3rd Objective: Get a teller job
Not only will you learn how banks operate but also gain valuable experience dealing with clients. Furthermore banks train tellers to promote and sell their products or services. It’s also a great way to begin your career network. Having worked as a teller looks great on your resume because it states you are a responsible and trustworthy professional. It might also motivate you to get a degree in finance or economics, which will make it easier to get a job in other areas, like brokerage.
4th Objective: Exceed bank’s expectations
The next step is working as a customer representative. To get this job, develop good relations with clients and promote the products and services the bank offers. The more money you make for the bank, the better chances you have of being promoted. Additionally, deal with difficult clients instead of getting a manager to help. This will set you apart form the rest of your peers, whom you must learn to work with as a team.
5th Objective: Get into management
After you have proved your people skills by continually resolving client’s issues, aim to become an assistant branch manager. You must assume higher levels of responsibility and assure the branch manager you can take care of everything whenever she/he is not around. This means understanding everything about retail banking, which includes savings and checking accounts, mortgages, personal loans, debit cards, credit cards, and other services.
6th Objective: Be the Boss
It can take several years to get to this stage; however the long hours spent satisfying client’s needs and ensuring the bank runs smoothly are well compensated. A bank manager supervises the staff that works in a specific branch as well as monitors the hiring and training of new employees. She or he is also responsible for maintaining and increasing the money deposited at the branch. The manager might work with other banking departments, such as marketing, to promote the bank’s products and services. Branch managers must also resolve complaints that have not been addressed by the staff.
It’s all about promotion
Other opportunities in banking depend on job performance and education. Salaries for professionals who work in investment banking can reach six figures; however candidates must pass Series Exams besides having a college degree. Although money never sleeps, don’t let greed blind you. Promote your abilities by working hard and keeping clients happy.