Whether you are a fresh graduate or an experienced professional, a career move into the banking sector is lucrative. There are many benefits of securing a job in a reputed bank.
Banking jobs are known to offer security (unless your conduct is against the rules or illegal). Besides, most banks pay competitive salaries along with additional perks like subsidised interest rate on loans among others.
Sure, there is a learning curve with banking jobs. You have to learn about various credit schemes, advances, and loans, but this part comes after you have secured the job.
Essential 6 Tips to get a Banking Job after Graduation
1. Decide the Bank Position
Which banking job opportunities are you looking for? Whether you are applying for an accountant job, or a bank teller position, each has different pay grades, responsibilities, and requirements.
Your qualifications determine which banking job position you could apply for. For instance, if you want to become an accountant, you should have a bachelor’s degree in finance, accounting, or a related field.
On the other hand, if you are eyeing a manager’s role, you should have a bachelor’s degree in business, management, or a related field.
2. Create a Resume
One of the important prerequisites to applying for banking jobs is creating a job winning resume.
Do you have any experience handling money? If you have worked as a cashier during school, you can mention that experience in your resume.
Apart from that, you can write about your volunteer work as it demonstrates your ability to interact with people, which happens on a daily basis in banking jobs.
Even if you have worked as a fast-food worker or a pizza delivery person, it’s worth mentioning as it highlights your customer service experience.
Consider taking the help of professional resume services that can help you grab the employers’ attention.
Always remember to follow-up after sending in your resume. Follow-ups are usually done after a week or two.
3. Locate Banking Jobs
Now that you have your resume ready, the next step is to start sending them. You shouldn’t, however, take a random approach to that.
Focus on networking. Leverage your contacts who are already working in banks. Referrals always work like a charm in locating banking jobs and securing one!
Like most businesses, banks too use websites such as MonsterIndia.com for advertising banking job openings. You can sign-up and create a free job alert for a banking role or any other job you are looking for.
4. Check Your Bank
While searching for banking job opportunities, visit the training and placement cell of your college/school that generally has a relationship with employers.
Moreover, you can even check your own bank where you currently have an account? Interact with managers and tellers to determine if they have vacancies for banking jobs.
If not anything else, they may give you a bit of important career advice! Relationship-building can prove to be a catalyst in your career.
5. Do Your Research
Have you made a list of banks that have openings for banking jobs?
If not, you should!
Besides shortlisting a few banks, it is important to conduct thorough research. Check out their strategies, mission and vision statements.
When you’re designing a cover letter, this knowledge will come in quite handy. It will help you explain why you are a good fit for the required role.
Moreover, your research will determine how well your interview goes since you will be asked banking interview questions to check how much you know about the bank already. It shows that you are serious and fully committed to the job.
6. Study for the Interview
Next comes the part of banking job preparation. You will be asked situational interview questions for banking jobs.
For instance, how will you deal with irritated customers? You should be prepared for questions like that.
Moreover, you must brush up on current affairs and general awareness questions.
Check out some mock interviews which can boost your chances of selection. It will allow you to figure out your strengths and weaknesses and work on them.
Again, don’t forget to follow-up at least a week after the interview.
After following the aforementioned steps, you can not only secure a high-paying job but also enjoy all the perks, sense of security, national and public holidays that come with it!
Happy job hunting!
FAQ on How to Start Banking Job After Graduation
Q:1 What steps can I take to start a banking job after graduation?
A: Build a strong resume, network with professionals, and apply for entry-level positions. Research the banking sector and tailor your applications to highlight relevant skills.
Q:2 Is internship experience required for the banking industry?
A: Yes, internships provide hands-on experience and enhance your resume. Seek internships in areas like finance, risk management, or customer service to boost your chances.
Q:3 How important is networking in securing a banking job after graduation?
A: Networking is vital. Attend industry events, connect with professionals on platforms like LinkedIn, and seek informational interviews to gain insights and make valuable connections.
Q:4 What skills are required to get in the banking sector?
A: Develop strong analytical, communication, and problem-solving skills. Stay updated on financial trends, regulations, and technologies. Showcase adaptability and a customer-centric mindset.
Q:5 What interview tips can help me stand out in banking job interviews?
A: Research the bank, practice common interview questions, and demonstrate your understanding of the industry. Highlight relevant experiences and emphasize your enthusiasm for the role.
