Why do you choose banking as your career?

Banking Industry has job safety as well as the job stability. A banking job is a public sector job lasts for 60 years. One who is aspiring to chose to bank as a career is in the right direction. There is stability in job and one can get internally promoted through internal exams and through seniority.

Is a career in banking still a rewarding career?

Banking continues to be one of the most challenging, competitive and rewarding careers in the corporate world. It offers an unmatched opportunity to learn about other industries and businesses, some of the best options for career growth and unbeatable exit options.

What is the advantage of bank?

Your money will be protected from theft and fires. Plus, your money will be federally insured so if your bank or credit union closes, you will get your money back. The maximum amount of money that can be insured is $100,000. Many banks offer an interest rate when you put your money in a savings account.

What are 3 advantages of banking?

Benefits of a Bank Account

• Bank accounts offer convenience. For example, if you have a checking account, you can easily pay by check or through online bill pay.
• Bank accounts are safe.
• It’s an easy way to save money.
• Bank accounts are cheaper.
• Bank accounts can help you access credit.

What are pros and cons of banks?

Advantages and Disadvantages of Banks

• Advantages of Banks. Safety of Public Wealth. Availability of Cheap Loans. Propellant of Economy. Economies of Large Scale. Development in Rural Areas. Global Reach.
• Disadvantages of Banks. Chances of Bank going Bankrupt. Risk of Fraud and Robberies. Risk of Public Debt.

Is it hard to become investment banker?

Investment bankers can work 100 hours a week performing research, financial modeling & building presentations. Although it features some of the most coveted and financially rewarding positions in the banking industry, investment banking is also one of the most challenging and difficult career paths, Guide to IB.

What is it like to work in banking?

A career in banking is open to everyone, regardless of race, gender, national origin, age or physical capabilities. Banks hire and train people who are interested in learning and working. Aptitude and attitude are essential to your success.

Why do people decide to make a career change?

With this in mind, perhaps it’s time for you to take a step back and look at some of the main reasons people take the leap and decide to make a career change. 1. You need a new challenge Even if you’re content with your job, company and work colleagues, it’s possible that after several years have passed, it has all become too routine.

How difficult is it to get a job in banking?

If you have decided you want a career in banking, you are in for the ride of your life. The financing world is notorious for the high level of difficulty when it comes to securing a position in a bank or other type of financial institution. Apart from that, studies show that there are approximately ten candidates per position in this sector.

What does it take to be a successful banker?

Banking is a service industry. To succeed, you should enjoy working with people. Bank employees enjoy dealing with people from all walks of life and in all kinds of financial shape. Applicants interested in going into banking should have at least a high school diploma or a GED for most entry-level positions.