While collectors tend to get a bad reputation, they play a pivotal role for companies. They manage accounts and keep track of bills and attempt to collect on past due invoices. Many collector positions require just a high school diploma, but a bachelor's degree is welcome. Bank tellers are usually the first person a customer sees their banking business. Bank tellers cash checks, accept deposits, and process account withdrawals.
Treasurers manage an organization's finances, objectives, and goals. They maintain the organization's budget and oversee investment strategies and major expenditures. Most treasurer positions require advanced degrees, such as a master's or Ph. Also, having other banking and finance credentials can be helpful. Actively scan device characteristics for identification. Use precise geolocation data.
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Experienced professionals who wish to move up in this industry and gain promotions to more senior levels, will need to obtain certifications, diplomas, or degrees in their chosen field in order to gain knowledge and status within the ranks of employed staff. While many schools and colleges offer courses that may lead to banking degrees or certifications, it is important that the professional make certain that the degree or certificate offered is awarded by a learning institution or organization that is well respected in his or her field of banking, and that the learning institution is fully accredited.
When choosing a school in pursuit of a banking career, one must first determine which designation, degree, or certificate is desired. The banking professional might want to discuss the subject with his or her banking supervisor, and determine which degrees or certifications for banking careers will be advantageous for the student in his or her current position, or for the promotion desired. The student might also ask other banking professionals at his or her bank to recommend courses or schools that they have attended or that are known to be accredited and well-respected.
Many banking firms will aid the professional student by reimbursing or paying tuition costs and arranging for time off to take courses if the student is a valued employee and passes all courses. Each course offered at either a school, university, or association will have a course syllabus, or outline, of the details in the course to be taught. The student can request a summary of the syllabus, in order to determine whether the workings of the course will be the type of learning that the student needs.
If the student is interested in enrolling in a brick-and-mortar campus, the college or university will encourage the student to visit the campus and the specific banking department in order to receive a first-hand impression of the school and the department. If the student has either professional or personal demands on his or her time, an online or web-based school or course may be easier for the student to commit his time to study.
At the campus visit, or when discussing the online or web-based school with a campus representative, the student may wish to ask the representative questions about the course and the school, such as, what percentage of the students who enroll in the course complete the course and pass the required exams?
What is the teacher-to-student ratio of the department? If the student does not pass the course, what additional help is available? Each learning institution will have its own set of requirements for application. These can include, but are not limited to, residence requirements, community colleges typically require the student to be a county or city resident prior schooling requirements most colleges and universities require a high school diploma or GED prior to enrollment or prior education grade point standards some colleges accept only a small percentage of applicants, and typically limit enrollment to a set percentage of students with upper-grade point averages.
Many university courses of study aimed related to banking will require students to take the SAT exam and many higher institutes of learning to require a minimum test score for enrollment. Banking associations that offer certificate programs often require a letter of recommendation to the program from a senior banking official in order for the person to gain acceptance into the certificate program. The student is advised to write positive but honest details about his or her work or life experience.
Remember that the student will be chosen from many applicants and the school will want students who will exemplify the mission and standing of the school or university in the community.
Applying to a university, college, or trade school usually starts with an online application, but some institutions will accept paper applications. The application will ask for many details about the student, including name, address, citizenship, and prior schooling. Most learning institutions will require an application fee to be included with the application. A student is well-advised to be aware of the application deadlines and also of the application requirements that will need to be submitted with the application.
An application will not be accepted if all details are not submitted as required and if any details are submitted past the application deadline. The Council for Higher Education Accreditation along with the United States Department of Education oversees the accreditation certificates and details of all higher distance education in the U.
To ascertain that a school, university, or college offers a quality education, accreditation certification is required. Many schools and colleges are not accredited, and may or may not offer a quality education. Each accreditation organization will have different but stringent requirements that must be met by the learning institution in order for it to obtain and maintain accreditation. The accreditation standards serve as a measure of the quality of the education provided.
Standards can include academic standards, research and governance standards, and even facilities and their quality. Unless the student is enrolling at a well-known university or institution, it is advised that the student verify the accreditation status of the institution, and most particularly of the courses related to banking related degrees.
An educational institution that has fulfilled the requirements to be accredited by the responsible accrediting organization or council will have shown that they subscribe to a higher level of excellence in education. In addition, a degree or designation from an accredited organization is held in higher prestige than one from an unaccredited institution. An accredited institution is not necessarily more expensive than a non-accredited school. Most community colleges are fully accredited but typically charge lower tuition rates than a university or a trade or professional school.
The student is advised to do his or her homework regarding the status of the school prior to applying for any course of study related to banking careers. In the banking industry, a great many certifications are offered to banking professionals, depending on what type of bank at which the professional is employed, and the sorts of banking careers held. Also, most positions in mortgage banking require licensing and continuing education.
In all situations, a certification and in some industries, a diploma can do much to aid professionals in their bank careers. Bank and financial certification courses are offered by a number of different schools, either affiliated with a state university, a trade school, or sponsored by financial associations. Many banking certifications are offered by the American Bankers Association, but certification courses can also be offered by universities such as Boston University and the University of Phoenix, one of the largest online universities in the United States.
Banking certification designations are valuable not only to the banking professional by enhancing his or her employment status in the banking industry but also can help to generate a higher salary. To be promoted to management positions, many financial entities frequently require that the prospective manager hold a certification in the subject of the management department, for example, a supervisor for a department of tellers may need to hold the CBT or the Certified Bank Teller designation.
The banking career designation held will certify that the professional has taken the courses related to the banking profession and has passed the exams to award the designation, ensuring that this professional is at the top of his or her knowledge of the banking field.
To become certified, all courses in the certification course listing must be completed, and the student must obtain a passing grade in each of the final examinations for each course. In addition, most certifications will require continuing education, typically about 30 hours every two years, to maintain the certificate or designation. Many banking certification courses can be enrolled in and pursued online or in evening classes, helping the professional who is working at a daytime banking position to obtain the certification.
In addition, many financial entities, particularly the larger firms, are known to offer in-house training for skilled and ambitious employees who wish to pursue certifications in their own banking field. A certification in a certain field can also help to propel the ambitious banking professional from a somewhat lowly position, such as a teller, into a position with more authority, more responsibility, and often, a promotion with the ensuing higher salary.
Mortgage lending professionals may seek out the Certified Lender Business Banker designation. Retirement Services and Wealth Management and Trusts professionals can obtain one of eight different designations, apart from any federal securities licenses, from the American Bankers Association.
The Bank Training Center, an online and web-based training school, devoted to certifications in various banking careers and continuing education, offers no less than 26 banking careers certification courses ranging from a Bank Teller Certificate to a Charter Financial Analyst. The Bank Training Center offers designations, certifications, and continuing education through online courses, webinars, audio conferencing, self-study materials, and banking seminars.
To obtain a banking certification, many of the certificates do have certain requirements. An example is CBT. To take the test and obtain the CBT, a bank teller must have worked a minimum of six months in the teller position, offer a letter of recommendation from a senior bank official, and must sign a professional code of ethics statement. In addition, many senior or management certifications may be difficult to obtain without one of these university degrees, as the subjects in the certifications may be difficult for those who have less education.
An example is the Certified Bank Auditor. Without a solid education in accounting and statistics, this certification might be too difficult for someone who maybe just out of high school, or who has no experience in auditing specifics. The course administrator, teacher, or facilitator will advise the students when and where to register for and complete the exam. Exams usually do have a cost that may or may not be separate from the study course materials. Most exams are conducted online, are timed, and typically include multiple-choice questions.
If the student does not pass the exam on the first try, he or she is usually allowed to retake the test at a later date for an additional fee. A student would be well advised to register to take the certification test quite soon after completing the course classes and completing all course study materials. If the student waits too long after finishing the course, much detailed information may not be easily accessed or remembered during the exam. Many students can benefit from attending study and discussion groups with other students of the courses.
In addition, many courses offer practice tests and hints for specific details that will be examined in the test.
If the student has systematically studied the course materials as instructed by the course outline, has completed all course materials, and clearly understands all the materials in the course, he or she should be well prepared to take and pass the certification test. Good study habits will result in a passing grade.
Many people searching for a banking career start out at the bottom, as a clerk or a teller, and strive to move up or be promoted into the next higher-paying position. Others begin their careers after graduating from college, and may even have had the opportunity of being an intern during their university studies.
Others may have been recruited by a banking institution due to the degree obtained and the school or university where the student obtained the degree. Still, other routes to bank careers include those in which the professional may have worked in a different but perhaps related fieldss, such as insurance or accounting, and later chose to move from that field into the banking industry. In all cases, successful job applicants must have composed a resume that is detailed, honest but succinct, correct but impressive, and will also need to be able to present himself or herself admirably within a job interview.
The resume will need to focus on skills and experience related to specific banking careers. Professional dress and appearance is crucial — if you look well-dressed and well-groomed, the employer may think you are a disciplined professional. If your resume is grammatically correct and well organized, the prospective employer may judge you to be a more competent candidate. Many banking positions can be found online on both general job search engines, such as Monster.
Search for a company by entering the name on any search engine, such as Google. Many large banking firms and most banking regulatory entities will even list the open banking career positions with a link directly to the application. Good research and diligent time spent can result in many opportunities for interviews, and possibly, a new career in banking.
A resume that is well organized, detailed but concise, honest, and that includes descriptive verbs and specific nouns will open many interview doors for the job applicant searching for positions within the financial industry. Young applicants for banking careers, with few job experiences, or even a recent college graduate, should be able to craft a good resume that is limited to one page in length.
A more senior job applicant, with more than ten years of experience or more than five different jobs, may wish to use more than one page of a resume in order to outline his or her talents, skills, and experience. Nevertheless, a good rule for a proficient resume is a maximum of two pages in length.
To prepare for a nicely organized resume, begin the outline by listing all job experiences by the title of position, name of the company, location city and state , and the time frame of the position, for example, to present or to List the most recent or current position at the top, and the very first position ever held at the end of the list. If many years of experience are to be listed, or many positions held over the years, most employers only want to review what has been accomplished in the past ten to 15 years.
However, for this exercise, list all positions, and as many experiences as can be described. The finished resume will list the jobs held at the actual end of the resume or at the bottom of the page, but the task of simply listing all job experiences will help to spur the memory of the duties, the skills, and details learned while employed at each position.
For each position, write sentences detailing all job duties, accomplishments, and any specific tasks completed while employed. List any awards, commendations, etc. Detail anything that might have shown good working habits, or that describes an exemplary employee, trainee, or intern.
Next list all strengths. Any work as a volunteer and any accomplishments or accolades while unpaid but working at a charity or nonprofit organization, as well as any business, such as family-held businesses, should also be listed and detailed. Now, list details about education and degrees held, again putting the most current achievement at the top of the list, ending with a high school diploma or GED details.
Also list any continuing education certificates or degrees held, as well as any education that did not result in a degree. To assemble the resume, beginning at the top, type the name of the owner of the resume, centered and in bold letters, in a font that is larger than the body of the resume.
Telephone numbers, cell, and home, should be listed below the name and address at the left margin of the page, notating which is the cell number and which is the home number. At the right margin of the page, list a private email address. Never use a current work phone number or a current job email address on a resume. If a private email address is not owned, yahoo.
Now go back and re-read and review each of these descriptive sentences. Edit the sentences to be grammatically correct, verbally descriptive and appealing, and to be concise, succinct, but correct and true. Place these descriptive sentences within one or two paragraphs directly after the name, address, and contact details.
Title the two paragraphs: 1 Job Experience and 2 Accomplishments. List the sentences accordingly into the two paragraphs. If there are only one or two sentences for each paragraph, they may be listed all under a single paragraph titled: Job Experiences and Accomplishments.
Most resume readers will focus only on a few words or sentences and the eye naturally zooms in on the first and last sentences. Next, list job experience details, again listing the most current at the top and the first job held at the bottom of the list. This list will be followed by all education details. Never list reference names directly on a resume that may be emailed, faxed, or listed online anywhere. Each paragraph title should be in bold, and either centered over the paragraph or, if you prefer, at the left margin aligned with the text.
Begin each descriptive sentence with a bullet or a notation mark. Be sure to carefully review all words and text to be grammatically perfect. If even one or two grammatical mistakes have been made on a resume, they may be all that the reviewer remembers about the applicant, regardless of the accomplishments listed on the resume. Avoid flowery text or font, particularly when applying for banking jobs. Colored paper is not advised when applying for banking careers unless it is a muted, off-white color.
Since most resumes are transmitted online today, the type of paper used does not seem important. However, when meeting a prospective employer, it is a good idea to offer the employer a printed copy of the resume on high-quality paper in order to appear more organized and professional.
In banking jobs, as is the case in most fields, an interview is the next step toward being hired. Once the applicant for a position has submitted a resume and has been asked for an interview, be it a telephone interview or a face-to-face interview, you have overcome a major hurdle.
You are now successfully positioned above all the other resumes that did not make the cut to the next step — the interview. Something in the resume matched one of the listed job titles, skills, experience, or accomplishments needed by the prospective employer. Now is the time to do some homework.
First, research the company. Find out what the company does, where they are located, and read public relations notices to become familiar with the company, its accomplishments, and events.
If the prospect is applying to a regulatory body, knowledge of the duties and responsibilities will be crucial in being able to successfully converse with the prospective employer. Also research the position applied for, including the duties, responsibilities, and tasks. Most interviewers like to do the majority of the talking in an interview, curiously so, but a knowledgeable applicant can ask educated questions in order to keep the conversation flowing in the right direction.
Before the interview for the position, prepare the clothing to be worn at least a day before the interview. Make sure that the clothing and shoes are clean, not ripped or tattered, pressed and polished.
Men should wear a suit and tie, making sure that the belt and shoe colors match. If the applicant does not own a suit, a suit coat or blazer with trousers that complement the blazer can be acceptable, but maybe underdressed for some firms.
The suit should be a conservative color, such as brown, blue, or black. In summer, particularly in hot climates, a summer-weight suit is acceptable, and in some areas, even a conservative pastel suit may be acceptable.
Women should wear pantsuits or a skirt and jacket in subdued and conservative tones. Avoid flashy colors, low cut blouses, and extremely short skirts. Shoes can be low or high heel but should be conservative. Accessories and makeup should be kept to a minimum. If the applicant is personally acquainted with someone in the same company or field that the applicant is applying for, ask for advice about what is considered acceptable business dress. It is possible to be overdressed for an interview, and it is also possible to be underdressed or even ill-dressed for an interview.
Never be late for an interview, and it is acceptable to be five to ten minutes early. When arriving for an interview, greet the receptionist or person at the front of the office with a smile and a business card.
One never knows who may be the first person seen when arriving for the interview, it might even be the person who will conduct the interview. If asked to wait briefly, and if a seat is offered, sit. Once ushered into the room for the interview, greet the interviewer with a handshake and a smile. Offer a business card and strive to be friendly and congenial, but not overly gregarious. If seated at a table, it is acceptable to rest hands and arms on the table, but never rest elbows on the table for any reason, as this is considered impolite body language.
Similarly, do not cross arms over each other and sit back as this also is a negative body tactic and conveys defensiveness to the interviewer. When listening, sit straight but lean slightly toward your interviewer and always offer a direct gaze. Avoid looking away. When replying, look directly at the interviewer and lean forward toward him or her.
Smile often. Be prepared to offer details about prior job experiences, and have a good answer about why the banking careers job offered is desired. Obviously, the applicant should be aware of his or her strengths and should be able to expound on any number of strengths of character and or employment background. An example of this could be an applicant detailing his qualities as a researcher. He might state that his weakness is that he is never satisfied with his research, and feels that even if the project has been accomplished, he could probably have obtained more data, or done more research.
Tell the employer that you look forward to hearing from him or her. A prospective applicant for a job in banking should prepare for the interview by securing the approval of a few personal and three to five professional or educational references prior to meeting with the employer offering the position. Before listing anyone as a reference, always contact the person by phone or email. Tell the person that you are applying for a job and ask the person if they would be agreeable to offering a personal reference on your behalf.
Most people are honored to be asked to give a reference, and will usually give a good reference. However, be advised that a negative reference can kill any job opportunity that you seek.
Carefully consider your friends, acquaintances, and coworkers before you decide to offer their name as a reference. A good personal reference is someone whom you have known for at least two to three years or more, and who can vouch for your good character and professional attitudes with positive descriptions. A pastor or priest, a longtime family friend, or teachers are good choices. Never list a family member or relative. Employers, in general, will not believe a reference from a family member.
Professional references can be anyone for whom you have worked, including coworkers and management people. If you have volunteered your time and not been paid, such as at an internship or for work at a charity, coworkers and supervisors in these areas make good references, too.
Choose people with whom you enjoyed good working relations and people who will be positive in their reference. Once you have chosen the people you wish to list as your references, and they have given their approval, always let them know once you have actually given their name and contact information to a prospective banking career employer.
Talk to your reference, and discuss the job details as well as the person with whom you interviewed. Ask your reference to focus on discussing details about you and your skills or experience that you know the prospective employer will want to hear. For instance, if the job you are seeking is a management position, coach your reference person to discuss your skills in people managing in a positive manner with the employer. Or if the job you seek is a research position, ask the reference person to talk about your abilities and talents as a researcher.
People like to be asked to be a reference but will also appreciate a bit of notice prior to the reference conversation of what they might want to discuss.
List your references with contact numbers on a sheet of paper and only offer the references if asked by your interviewer. The interviewer may prefer that you email the list after the interview. Employment law today only allows prospective employers to ask a few questions from your previous employer, namely, job title, duties briefly the length of your employment, and if you are eligible for rehire.
Any other answers to questions, if negative, could be legally construed as slander. Hence, prospective employers prefer that the applicant produce a reference to people who will agree to answer more detailed questions about the applicant.
A career in banking is a respectable profession that offers good working conditions, liberal benefits, and many advancement opportunities.
The average workweek for many bankers is 36 to 38 hours per week, with many jobs occupied by part-time workers. Call center representatives can enjoy flexible evening and weekend hours. Job roles are varied, with some careers directly involved with the public, such as bank teller, loan officer, and investment manager, and some positions behind the scenes that involve accountants and business and investment analysts.
Nowadays, some functions, such as human resources, training, and computer services, maybe managed remotely in home-based locations. The banking industry offers many challenging careers with varied educational requirements and pay scales. Although banks are located everywhere across the country, there are some regions that have a more significant presence. Banks generally fall into three categories: commercial, savings and loan, or credit union.
Banker salaries and career opportunities are usually greater in commercial bank settings. In addition, many banks offer other forms of compensation, such as equity sharing, bonuses, performance-based pay, and commissions on sales. While most banks are not unionized, employment in the industry is usually secure with little turnover. The role of a financial analyst is synonymous with a security analyst or investment analyst or even portfolio manager, with most positions located in larger financial institutions.
A financial analyst must have good math and research skills, problem-solving abilities, attention to detail, and comfort with technology. Most times, people in this position may work long hours, work under pressure, and travel to client sites. Additional licensures, such as the Certified Financial Analyst CFA and continued education classes are required of some roles.
While hiring candidates for these jobs banks look for candidates who have a deep understanding of financial systems, foreign exchange management, risk management and economics. However, these jobs are few in number and are high-risk activities with high pressure but the high package as well. In order to excel in banking jobs, one needs to have a clear broad understanding of the field. You would be expected to know the key terms and be well aware of the changes currently going on in the finance industry and also have your opinion regarding the same.
Especially when preparing for banking jobs make sure you keep an eye on the business and finance section of the newspaper. Banking jobs require a lot of interaction with people and businesses. They become crucial as you have to aid people in getting loans and investments they would want to make. All this could be possible only when you can communicate well with them and know about their requirements.
Financial skills form only a chunk of the job if someone wants to survive and outshine in this field requires great interpersonal skills. The jobs in commercial banking require a good base in accounts especially for the positions like that of a credit analyst or a lending officer. Moreover, the decisions that you make or the analysis you do needs to be well documented which requires you to have good writing skills.
To get a banking job one is not required to have excellent grades. Above all that a banker is expected to be diligent and reliable. He should be high in work ethics as he is handling the money of the general public at large.
To get a job in a commercial bank does not require an MBA degree, though having one could give you a competitive advantage over the other pool of candidates that apply. These jobs require people who crunch numbers, think logically and are happy communicating with people.
Banking was apparently believed to be a job with less number of working hours and one with less work pressure. However, this is not the reality now. You need to really work hard to beat the competition. Banks are looking out for candidates who are hardworking, competitive and talented.
This is usually the entry-level job in banking, wherein they are supposed to evaluate the financial position of those applying for loans. They thoroughly scrutinize the financial information of the potential individuals and companies. Not only that they also forecast the future financial position of the loan applicant in order to gauge if they would be in a position to pay back the extra liability.
This would involve a lot of interaction with the concerned people and your success would be determined by your communication skills and by being specific, paying attention to details. Loan officers generate business for the bank by bringing in customers for loans. Hence it is quite obvious that this requires good selling skills and a firm understanding of banking. This job can get difficult as there would be many not interested in loans and also people who are interested but are not eligible for one.
The key lies in finding the right people and converting them into customers. This job is considered to be a desirable banking job as it involves earning a decent commission on sales.
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