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Career in banking
Posted on 4/8/13 at 4:14 pm
Posted on 4/8/13 at 4:14 pm
I was wondering if anyone had any tips for starting a career in banking (commercial/retail). I don't necessarily have a path in mind (i.e. branch banking vs. wholesale) but I'm interested in learning what some recommended certifications would be, the significance of a finance degree (vs. another degree or no degree), stuff like that.
5
Posted on 4/8/13 at 4:21 pm to Dead Mike
Get a poli sci degree
That's what I did anyway.
That's what I did anyway.
Posted on 4/8/13 at 4:23 pm to Dead Mike
Affirmative Action is gonna work in your favor
Posted on 4/8/13 at 6:14 pm to Dead Mike
Kind of a vague question but ill give it a shot.
There aren't any for commercial/retail banking that I can think of. A Series 7 would be necessary if you did any work with securities (brokerage or wealth mgmt).
An accounting degree will be more useful to you for entry level positions in commercial lending.
If you go that route, you can get a job as a teller or working in a call center.
This is pretty general, but there are tons of different things that you can do at a bank.
quote:
recommended certifications
There aren't any for commercial/retail banking that I can think of. A Series 7 would be necessary if you did any work with securities (brokerage or wealth mgmt).
quote:
significance of a finance degree
An accounting degree will be more useful to you for entry level positions in commercial lending.
quote:
no degree
If you go that route, you can get a job as a teller or working in a call center.
This is pretty general, but there are tons of different things that you can do at a bank.
Posted on 4/9/13 at 1:15 am to Dead Mike
Been in commercial banking for nearly 8 years now. A BS in finance or accounting would be beneficial. I know that our screening process for new hires places a heavy emphasis on the ability to demonstrate an understanding of financial statements (balance sheet, income statement, and cash flow statement) and how changes in accounts affect each other.
There really are no certifications that would benefit you at an entry-level position. But if you want to look into something, RMA offers a Credit Risk Certification. Pretty pricy though.
There really are no certifications that would benefit you at an entry-level position. But if you want to look into something, RMA offers a Credit Risk Certification. Pretty pricy though.
Posted on 4/9/13 at 11:41 am to Dead Mike
Finance/accounting degree. Intern every summer you can, get into a training program with a bank. In Nola, Whitney, Cap One, Iberia, and Chase all have one. This is the only way you'll make it into commercial banking (starting from an entry level position at my current employer) without any connections. And usually getting into the programs are tough without connections.
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