WORKING IN BANKING: 12 GREAT THINGS AND THE FLIP SIDE | Multiple Careers
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- เผยแพร่เมื่อ 9 พ.ค. 2024
- Here are 12 great things about working in Banking and the Financial Industry (also applies to big corporations in general), and also the downsides. If you're considering a career in Banking, this video may help you find out if Banking is for you. If you're already in Banking and doubting your choice, it will hopefully give you more clarity as to whether it's the right industry for you.#multiplecareers #personalsuccess #careerchange
This video is less about the technical aspects of the work, but more about the environment, setting, and lifestyle in banking.
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I work in cybersecurity in a large bank. The work is easy and fun but the social aspect was hard for me. I am very introverted but it did help me become more social and confident.
It's true, sometimes working in an environment that's not an obvious fit can stretch us and grow another side we never knew. When working in banking I (an extreme introvert) acted more extroverted. But still it was a strain working with so many people. Thanks for sharing your story!
You are great!. You have really provided helpful insights. thanks keep up the good work
Thank you and welcome to the channel!!
Wonderful video. I’m studying economics but wasn’t too sure about working in banks. You really calmed me down
Glad if it was useful in some way. Hope you have found what you want to do next!
Watch next:
Management Trainee or FIRST JOB: TIPS ON HOW TO MAKE THE MOST OF YOUR FIRST 1-2 years (Epi 4)
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I think it is much better to stay away being a teller, or in the operations in general, it is really a huge responsibility and risk, it is really hard to be in the frontline, you will deal with clients, you have to be 100 percent accurate on your transactions. You must always protect yourself and the bank from mistakes and from the fraudters.
It's really a job for a certain type of personality. Having worked in the back office I was always amazed at how well of a job the frontliners did. Responding in real-time, never much time to think through a problem, as everything has to be solved asap with a customer in their face, while making sure sops are adhered to, everything is in agreement with compliance, while keeping a smile on their face. Luckily there are people who are suitable for this kind of environment!
I just got hired and It really looks difficult but its a challenge that im willing to take for a very good resume experience
Very pretty! Thank you for the advise and tips!
You’re welcome!
Thanks for this valuable information!
Glad it was useful!
Thank you, I am 16 turning 17 soon and I want to work at a bank so it could help me with my goals.
Banking is a good place to get tons of experience and develop a wide range of skills. Try it out but never stop reviewing your career path!
This helped SO much! I'm 15 and I am interested in the banking industry and starting a business. I will remember this.
Really glad it helped!
stay away from banking unless you want to work really hard in a corporate setting and get very little in return. choose a career and not just a job.
Banking (and big corporation) is really not for everybody. For those in doubt, I'd suggest try and see for yourself. But make sure to review quickly and change course if needed.
But as a part time job for a college student ?
Let me know in the comments WHY or why you DON'T want to work in banking? If not, what are your career goals?
hi, im someone who's not sure which career i want and i just want a job thats stable and something im capable of doing, currently in first year university studying IT but i dont want to study it anymore , not sure what to do, im thinking of quitting university to work and do university later.
also for banking, im not sure what kind of jobs there are , its kind of confusing with the job descriptions when they use jargon
@@vanillapillow5380 Just start somewhere while figuring out what your goals are. Then frequently review whether you like it and pivot, to adjust to your new insights. All the best!
@@MultipleCareers thanks !
Been in banking for 6 years , and everyone in the branch hates it. Sales are high , and with the rise of internet banking , there is no need . The only clients that come into the branch is fraud , complaints , and non sale related issues
@@jeremiahbryant123 so basically there's barely human interaction?
thank you ma'am that's is my dreams to working in banking someday as a marketing manager.
All the best to you!
The benefits and bonus are the perks. I love my job.
Thank you for this, it was informative
Thanks!
Thank you 👌.
Very good video indeed ! Thank you so very much !!!! :)
I'm glad to hear that, thank you!
Furthermore, I just showed your video to my 16 yo son. I am a Mechanical Engineer, w/ an MBA, and went through the motions you did in a somehow of a similar way, corporate life, travels for work, etc. My son was truly impressed with your video, and I could highlight points and add-ons here and there. Real impactful for him, as he is planning to do Economy in College with a Masters in BA. Making an impact young lady. Thank you !
Thanks for sharing that, it means a lot to me if I can make some sort of impact! Wishing you and him all the best!
It's a well informed video, thank you for sharing
Your welcome!
This sounds amazing!!!!!
I've had my 2nd interview w/ banking.
I hope everything went well for you, all the best!
Great Video! I'm a couple of years from retirement, and I looking at potential second careers. Thanks
Thank you! All the best for your second career!
I have watched some of your videos and I really liked them. thanks for the share. SUBBED and LIKED ! a fellow creator
Really appreciate that, thanks!
Thank you so much🌷
You're welcome!
your vids are helping me get through Xcel study plan and next life insurance state exam. I have hope for myself. if you have a chance to respond any quick tips on a nice way to remember all of this stuff besides buckle down and memorizing the stuff. or can I study the pre-exam on xcel a few times and or take a few more times even if I pass it to better prepare me for the actual state insurance exam? thanks!
-future insurance manager/sales
I've never taken that particular exam. In general, this is what helps me to learn/remember: sketch a mind map and drill yourself with questions (record the questions on a voice app)
accurate enough :)
I started working for an investment bank as middle office officer after 6 years of working ifor a small retail bank and i am struggling to learn their complex way of operations.its frustrating sometimes and make me feel i am not good enough. Will see...
It is indeed crazily complex and frustrating. It might not be for people who prefer to see a more direct impact of their work.
I didnt expect the bank to pay above average I want to work at the bank because I'm interested in It a little bit and hope it pays decent
Interest is a good place to start!
Been in insurance for years and had my first agent retire and my next couldn’t function so he was shut down. Starting Monday with TD and so so excited! I’m tired of doing my job but being totally powerless to continue working. Will see how it goes 😁
Well then congratulations on your new job! New beginnings are exciting!
Loved your content. Worked for HSBC 10 years ago. I can relate to all that you said. Now I’m planning to get back into the banking industry after a 10 year hiatus. lol 😂
Great to hear someone had a similar experience, all the best!
I'm graduating from economics school and I want to work in a bank. I just don't know what exactly I need to do there, but it looked like an interesting job 😂 btw New sub❤
You'll find out pretty soon! And no matter what, you will learn a ton of interesting and useful things, if not for your career, for your life! Welcome!
Please make a video if I have experience in sales and now I wanna to switch in operation and backend how can I switch
That sounds like a very specific plan. I'll keep that in mind when thinking about future videos and see if I can address that somehow. In the meantime: what to keep in mind when wanting to move to a different department is to demonstrate to your boss/the hiring manager or department head that you are ready for the job and that your rotation will also benefit the company.
@@MultipleCareers thanku so much for your reply . Actually I am very much frustrated with sales
Hmmm I have an interview coming up for a customer representative. I’ll be honest I have no idea what this entails at a bank as I’ve never worked at one before. I’m ok with numbers however I do enjoy working with people and helping people. Any tips on what sorts of interview questions I may get asked as I’ve never worked at a bank before? Thanks
My banking interview was ages ago😂. But here are some general tips that might be useful:
- Be resourceful, meaning even though you don't have the right/exact answer, show your thought process and reasoning behind it, this shows that you are able to consider various factors
- In banking, integrity and conscientiousness is extremely important, take opportunities to demonstrate that.
- Show knowledge of banking products (at least the basic ones) and competitors. They won't expect you to know everything, but at least come prepared with a basic understanding of financial products, that would give you an edge.
- Show your understanding of customer service and a spirit of customer service. That will shine through your whole attitude during the interview (service-orientation, caring about the customer, etc.)
I hope that's helpful!
@@MultipleCareers thank you 🙏 so much
Which bank did you work in? I work at a bank in turkey and all the positive and negative aspects in the world as far as I understand the same. What is the average salary of a teller?
Yes I believe these aspects are quite universal around the world. It's interesting how industries have their own cultures. I worked for HSBC, but in this video I am not specifically talking about any particular bank, but my observations of the industry in general.
Salary levels differ so much, but a teller wouldn't earn more than any other entry-level salary, which is only slightly above minimum wage. It's only in middle-management above where there is a larger range.
I just want a low banking position. Nothing highly demanding but nothing easy
You just have to start somewhere and go step by step, all the best for your career!
I want to work at a bank so I can get into finance
I need your help,
I just got my first job as a banker. I have been in training for the last three weeks and I have another 8 weeks more. During my three weeks, I realized that this may not be the right fit for me. What do I need to do? Am scared to tell my boss I didn’t really know how much is going on , I am really not interested but confused whether I should stop or give it a chance. My boss is not really supportive
I'm sorry to hear that it doesn't seem the right fit for you. Banking is a huge industry, and there are so many sub-businesses, departments, and functions within it. If this area is not suitable for you, there are a lot of other areas that you could explore. That being said, banking is really not for everyone, and it's okay if it's not for you.
What to do next actually depends on what your options are, and how financially dependent you are on this job. If you have better options, then it makes sense to explore these as soon as possible, and move on, so you don't 'waste time' doing something you don't want to. On the other hand, if you don't have better options at the moment, or are not clear yet about what you would like to do instead, and need the money, then hanging in there for a bit could be a good idea, while figuring out what you want to do instead. The important thing is not to stay indefinitely. Learn as much as you can, and while doing that, start planning of your next move.
@@MultipleCareers You are really owesome! Thank you so much for the feedback. As you said, my option is limited at least at this moment which makes it a little difficult. Part of me tells me I should be patient with myself and finish the training before making an assumption; on the the other hand, I feel like wasting my time in something that I don’t really enjoy. It’s tough decision to make especially when you are not finically secured. Let’s see what happens after I am done with the training but if I find anything with the same compensation I may call it quit. Much appreciated for your reply. Blessings!
I'm glad you found a way forward. In comparison with your whole life, 8 weeks are not that much. In any case, I'm sure it will be a valuable experience. All the best to you and take care!
"lets get into this first" was content lolol
Hope that was amusing! And useful. :)
I m Stanley
Hi, thank you for this vid, punchy and informative. My fam and I are going to immigrate to the US from the UK and im keen to learn more about the industry you discussed in the vid. Is it possible to reach out to you via DM?
My background in the UK is in retail banking (management level) & in financial services as a mortgage consultant.
I worked at a multinational bank in Singapore back then!
Trust either compliance, accounting, or auditing…
Trust?
I'm going to be in the banking industry but I'm quite worry about my skin condition will impact my performance and confident. My question will be how much it will impact my career?
If I were you, I wouldn't let that hold me back. Pursue the career you want while taking care of your skin condition. Different people will perceive you differently. It's something that's not within your control. People who care about performance and capability will not care about how your skin looks. Those who bothers it, you don't wanna get close to anyway. All the best!
@@MultipleCareers You really did boosted my confidence. Much appreciated.
Hi im graduated diploma in banking studies soon , can u help me how to apply work in banking atleast a low postion 🥺🥺
Apply to many different banks and positions, before that, update your linkedin profile with your experiences you got during your studies. Also go to job fairs/online job fairs if there are any. All the best!
I am stuck in retail banking as a branch manager.
I almost went that route back then, but decided it wasn't for me. If it's not for you, you can slowly but surely change careers! All the best.
You look so pretty. I am unintentionally a banker, it is a painful job, Working in a bank has made my life miserable.
I hope it helps to know that you can always change your career if you want to!
You talked a lot about large banks but I am wondering what its like at regional banks
I don't have experience working at those. I think there are many similarities. The difference is perhaps: No international transfer opportunities, slightly less complicated decision-making/approval chains.
what can i do i am an introvert working in a bank? i couldn't handle it.
You can either try to move to other departments that are more suitable and have less interaction (if that's something that bothers you), or, consider changing to a completely different career.
May you send me some of the best books in the course of banking and finance please.
Gosh, it's been a while. There is no 'best', as it's a collection of different books and materials. The best start would be the books in your curriculum. For personal finance I would recommend 'The simple path to wealth' by J.L. Collins and 'Intelligent Investor' by Benjamin Graham.
What masters degree did you study in Germany and at which university. I would like to switch career into business management.
I studied Business Administration at the University of Mannheim. At that time they still had the degree 'Diplom-Kauffrau', which internationally (by internationally accreditation institutions) is regarded as Masters. But nowadays in Germany there are bachelor's and master's degree following the international model. You can check out my other videos about studying in Germany :-)
Your channel is hidden gem. I wish more people will see it. Would definitely share the channel to my friends.
Thanks, I really appreciate it! :-)
@@MultipleCareers whats your job title ?
@@vanillapillow5380 My last job title was VP Strategic Business Management in Retail Banking. But I already left banking a long time ago.
I am working in an Indian bank as a cash officer how can I get a job in foreign Banks
I'm assuming you mean at a foreign bank in India (not overseas?). If you want to work locally at a foreign bank it shouldn't be to difficult. As long as you excel in your job and know what you're doing then there should be no issue. Apply to several foreign banks simultaneously, and even better, through your network of connections.
Hey I’hve worked in bank in india, and i have of 9 years experience working, in operation, but i am wondering what kind of job i could get in usa banking industry , could you please suggest the jobs in usa banks for me
I could imagine that you could transfer your skills and work in banking operations in the USA. I'd suggest to try getting transferred internally within your company, or work for a multinational bank in India first, and then have them transfer you overseas.
😍
I'm studying Banking and Finance and I still don't know banking is for me or not. I really like financial stuff, but banking environment is scary.
You’ll know soon enough if you pay close attention to what your mind and gut say!
@@MultipleCareers Yeah I hope so 😃
Me too ,, what year you are now
@@joud261 second year! And you?
First year, second semester
How did u find it so far and what courses did u enjoy the most
😍😍
It sounds like a dream , to have the opportunity to work hard for hours and get rewarded for it ! Man I’m doing a Business bachelor but I really hope I can hopefully work in a bank when I’m done with college.
I'm pretty sure you can do that!
@@MultipleCareers Hopefully 🙌🏻 !
How do I become a banker?
Usually a degree is required. Then, simply apply or go to job fairs.
Hi banking can I see you banking story .
Do you mean my banking experience, I'm not quite sure what the question is.
as a relationship banker they make you memorize a lot of garbage that would take years to memorize
They should have more tools that help relationship managers access the info they need easily.
My sister is in the process of getting hired, but it’s like reading a book
@@businessman5894 did she get the job
I like you
Sounds miserable hmm
For some people!
Miserable that's the term