Within the banking industry, there are different types of bankers. A personal banker deals directly with the client by handling tasks such as arranging financial transactions and opening business accounts. A commercial banker performs his duties in the loan area. He/she gives opportunities for entrepreneurs by offering capital to fund their business. An investment banker finds clients financiers who are interested in investing. Even though the duties of these bankers differ from one to another, the qualifications required are more or less the same. So, if you want to make a career in the field of finances, make sure you get the following qualifications.
Initial Educational Requirements
It is always best to start from the scratch. During your highs school senior year, take math and business courses. You can also familiarize yourself with various software programs such as spreadsheets and databases. For your bachelor’s degree you should choose a major that is related to business. Financial management, business administration and accounting courses are ideal for a future banker.
Go for an Internship
Though most students pursue for an internship after completing their degree, it is better to go for one during your gap year or during the summer vacation. Going for an internship program provides the individual with banking industry intelligence and experience that will be useful in his/her working period. Thisis an opportunity for the individual to familiarize himself with the banking procedures and responsibilities. Furthermore, it allows them to make useful connections in the industry.
Obtain Further Qualifications
Acquiring an MBA increases a candidate’s prospect of being employed in a financial institution. It enhances their banking industry intelligence by introducing them to advanced banking concepts and financial regulations. An MBA opens an employee’s chances for higher-level positions as well. But in order to banking techniques such as strategic planning, management and marketing, you must go for a banking training program. You will learn these strategies by working with similar individuals and participating in case studies, presentations, etc.
Although it is not a requirement, possessing a banking license increases your credibility and reliability as a banker. After immersing yourself in in-depth self studies in subjects such as accounting, economics, asset valuation, etc. you will have to sit for three exams which will test your subject knowledge. You will also have to sit for an interview to get membership in renowned banking associations, you can also check this business intelligence companies.
Therefore, obtaining these qualifications is essential if you wish to create a place of your own and a personal recognition for yourself in the banking industry.