There aren’t that many ‘jobs’ that can generate enough money for you to retire early and live off your retirement funds. However banking is a popular choice if you are looking to generate lots of cash the ‘conventional way’. This sector has some of the highest paid salary and even as a junior you can earn 10 times what your peers earn.
With most other jobs you will be most likely be earning enough to live on with littler spare to save or to invest in a life outside the office. Banking however is a great platform to save extra funds for a new life or even retire early.
We have put together our top tips on how you can best secure a job in banking, making sure that you have the best chance to secure that future career in banking.
Get some experience
Securing any job can be hugely dependant on your level of experience, something that can be tricky to have when it relates to banking jobs. However, there are things that you can do to boost your levels of experience. The most popular are work experience programmes that are run by the larger banks, allowing those who are interested in entering a career in finance, to work for them for a short period, often only a couple of weeks.
These work experience placements are looked on very favourable by banks, and can really help you to secure banking jobs.
Take an interest in the world of finance
You can have all the qualifications in the world, but if you don’t have an interest in the world of finance, you may not appeal to possible employers.
Banks love to see people who take an interest in the world of finance as well as the economics around the world. That doesn’t mean that you have to watch and read every piece of news out there, but just make sure you have an overall understanding of what is going on in the world, even better, try to bring that up in your CV or at interview. A good place to keep track of world new is on sites like Reuters or Yahoo Finance
Learn what each bank is looking for
Every major bank will have their own company culture. This means that whilst you may not be the right fit for one place, you could be perfect for another. The key is to work out which bank is going to be the right fit for your values, personality and ambitions.
This can take some work, you will need to read through the values and core missions on their website, as well as take a look at how they are thought of and represented in the media. The majority of banks are relatively open about what it is that they are looking for in their staff, and this can help you to find the right fit for you.
Sell yourself as an employee
Once you know just what they want, the time has come to show that you are the perfect person for their banking jobs. If you have a big plus point that they would be interested in, highlight it. Just as importantly, if you have something that you feel means you come up a bit short, don’t hide it. Turn it into a developmental opportunity and show them how you want to improve on it. This shows that you are thinking about how you can be the best you can be and is a huge selling point.
Banking jobs can be hugely rewarding, but getting that first step in your career can be tricky. Why not try out these top tips and see if you can get yourself into a successful financial career and then reap the financial rewards and retire early or start your own venture.