Is Major Banks A Good Career Path In 2021?


06 October 2021

Job & Career

Is Major Banks A Good Career Path

Is major banks a good career path in 2021? How many jobs are available in major banks? What are the best-paying jobs in the major banking sectors?

Banking continues to be one of the most rewarding, competitive, and challenging careers in the corporate field. It offers several opportunities to learn about businesses and industries and is regarded as one of the top options for career growth.

The best part about this sector is that anyone interested can pursue this career. However, there are some pros and cons of this industry that you need to understand before choosing this as your career path.

What Are Banking Careers?

What Are Banking Careers

A banking career is any position within a financial institution. Some of the popular banking careers include bank administrators, trust and investment bankers, accountants, and bank tellers.

You can call this career path a service industry and do not require higher education. Moreover, careers at banks tend to be very stable, with close relationships among the customers and local residents.

These multinational financial institutions manage millions of transactions per day. On the other hand, you get a wide range of opportunities for advancement and promotions within the sections of the firm.

Is Major Banks A Good Career Path In 2021?

Major Banks A Good Career

The answer to this question is an absolute Yes. Banks will hire and train you if you are willing to learn more and accept responsibilities in the long run. If you are already a part of the banking sector, you know well the types of benefits you get in this career path.

Now, let’s discuss some of the top benefits of pursuing a career in banking.

  • Career development opportunities
  • Reliable hours and good working conditions 
  • Opportunities for advancement 
  • Job security 
  • A broad range of opportunities to choose from Excellent job benefits, including disability insurance, sick leave, paid time off, and medical insurance.
  • Competitive salaries
  • Continuing education and community service is highly encouraged.

Regardless of race, physical capabilities, age, national origin, or gender, a career in banking is open to all. However, attitude and aptitude are vital to your success. Financial institutions are always in search of individuals who are trustworthy and can calculate and balance numbers correctly.

How Many Jobs Are Available In Major Banks?

How Many Jobs Are Available In Major Banks

According to Statista, in the first quarter of 2020, there were 49,000 full-time employees working at the twelve largest investment banks all over the world which is 5% lower than the same quarter in the previous year. 

Now, let’s discuss some of the top-paying jobs available in the major banks that may interest you.

i). Bank Teller

This is the simplest of all jobs associated with banking. Bank Tellers process the day-to-day transactions and serve as the customer representatives for the bank. They assist customers with customers involving cash checking, withdrawals, transfers, and deposits.

Besides, individuals involved in this sector have a high school diploma but holding a bachelor’s degree can help you to get a higher position in this same sector.

ii). Collector

A Collector in a bank offers innovative and cost-effective financial solutions to corporate and private customers. However, they tend to get a bad reputation among others yet play a key role for businesses.

For this position, you require a high school diploma, or simply a bachelor’s degree is enough. The average salary of these individuals is more than $40,000.

iii). Loan Officer

Loan Officer is another best-paying job in the major bank’s sector. These officers serve like salespeople, attracting customers for loans. They evaluate the customer’s overall creditworthiness, income, and job history.

Moreover, these individuals must be at the right time and right place to get the best conversions. To get this position, you must have a finance and economics background.

iv). Branch Manager

The Branch Manager or Bank Manager manages operations, including training and hiring staff. In addition, they set goals and take care of the branch’s budget. 

As a bank manager, you need to manage all the functions of the branch, making sure that the branch meets its objectives, building a reputation, developing customer relations, supervising the loans, and much more. 

v). Accountant

The Accountant is also one of the top-paying jobs in the major bank sector. This is one of the most popular financial positions that evaluate, plan, and analyze income and business expenses.

If you are willing to work in a public accounting firm, you need to sit for the Certified Public Accountant exam. 

vi). Personal Financial Advisor

Personal Financial Advisors help people make money to meet their short and long-term objectives. These are professionals who offer tailored monetary advice and services to customers.

Financial Advisors create monetary strategies for the clients that consist of a complete evaluation of their present and future financial state. 

vii). Financial Analyst

As a Financial Analyst, you help individuals or businesses make investment decisions. To get this job position, you need a bachelor’s degree to get started in this field.

Financial analysts also work in insurance companies, pension funds, and other firms. These individuals guide individuals and businesses in settlements about disbursing money to attain a profit.

Closing Thoughts

Is major banks a good career path in 2021? I hope that you have already got an answer to your question. Careers in major banks can be rewarding both in terms of opportunities and remuneration. The above listed are the most appreciated jobs in the banking sectors that you can consider too.

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Seasonal Staff

7 Ways to Hire Seasonal Staff for your Business

Think about it: wouldn’t it be awesome if you were able to hire seasonal staff without all the hassle involved in posting jobs endlessly, calling through endless lists, and vetting hundreds of candidates? Of course, the answer is yes, it would be. However, in order to achieve that goal, you will need to master the art of hiring seasonal staff. Knowing the correct way of going about making seasonal hires will save you a lot of effort, time, and money while ensuring that you make the most ideal hires. The following article will discuss the various ways you can go about recruiting seasonal hires. Here are 7 Ways to Hire Seasonal Staff for your Business: 1. Hire From Your Customer Base: Your customers are people who have already given you some level of respect, trust, and authority enough to form a business relationship with you. Doesn’t it then make sense hiring people who already know, trust, and probably love you? This option is usually overlooked, or most employers have just never thought about it, but your customer base is one of the best sources of seasonal staff. This is because they already have an above-average understanding of your products and brand which makes them more likely to be excited talking about them. Moreover, your customer base is one of the easiest audiences to reach. This is due to the fact that you probably have them on an email list where you easily communicate with them. One of the most effective ways to entice your customers to be your workers is by telling them about your desire to hire them than telling them about the employee discounts they will enjoy. 2. Start Early: Starting before your competitors will greatly enhance your chances of making good hires. As such, you should have a clearly outlined strategy for your seasonal need and begin posting positions as early as four months before the time you will need them. The benefit of doing this is that it will allow you to build an extensive pipeline of candidates while also ensuring that you make contact with the qualified prospects before other companies seeking the same workers. Any employer or HR department that believes that they do not have to start the recruitment process early will, unfortunately, find themselves having to scramble to hire. This will inevitably affect the quality of their hires. 3. Be Clear in Your Job Descriptions: Your job advertisement needs to clearly state that you are looking for seasonal staff. Thus, ensure that you explicitly mention the same in your job title. Adhere to the following when crafting your job description: Make your requirements clear. A lot of seasonal jobs do not necessitate work experience. However, you need to highlight the qualifications or certifications that you are looking for. Also, be sure to describe any physical requirements there might be. For instance, if the position will require some degree of strength of endurance, be sure to mention that so that only qualified people can apply. Mention the work schedule Applicants usually need to know the number of hours and days they will be working and whether the schedule is flexible. Being clear about the work schedule will help you avoid conflicts once the hire has been made. Clearly explain your compensation system. Any job advertisement that is vague about its compensation structure is likely to turn away its applicants. Thus, ensure that you clarify how much they will be getting paid and how they will be getting paid i.e. hourly or salaried. 4. Ask for Referrals From Your Employees: The loyal and hardworking members of your staff are likely to know other such people. As such, they are likely to bring those people on board if they get the opportunity to do so. Then, why not give them that opportunity? This means that you should think about starting an employee referral program that grants a bonus at the end of the season to any employee that brings another good employee to the organization. If you are not in a position to, then simply ask your current employees to recommend what they think would be successful additions to the company when it needs seasonal staff. 5. Think About Retirees: If your business’s needs are not physically demanding, then you should consider hiring retirees for your seasonal work. Retirees are especially attractive since they do not only have extensive work experience, but they are also usually open to a flexible work arrangement. Moreover, unlike college students who are likely to move on after they graduate, retirees are more than likely going to return for the next season. 6. Consider Utilizing a Recruitment Agency: A recruitment agency in Vietnam will save you time and effort by sourcing and shortlisting prospects for your open positions. This is especially relevant if you are looking for seasonal staff as they will be able to get those employees fast. This is because a recruiting firm usually has a network of candidates with whom they have already established relationships. is one such agency that allows agricultural firms to find temporary employees fast. Another benefit of using an agency is that it fills your pipeline with qualified candidates to ensure that you only make the best hires. This is enabled by the fact that the agency usually undertakes the initial phases of the hiring process such as resume screening and the first interview. This makes your hiring process to be more efficient. 7. Visit Schools: Where else are you likely to find people with lots of energy and time but lacking in money. That’s right; college. A lot of college students are usually looking to fill their long and frequent breaks with some seasonal work so they can earn some money. Moreover, there is no other place you are likely to get young, bubbling, and intelligent people than college. See whether you can visit some colleges and advertise your positions. Looking for a job is usually harder than looking for talent to fill your positions. However, the quality of talent is what usually determines the success of an organization. Getting good seasonal staff is, therefore, a lot harder since you are more than likely going to compromise on the quality of your hires. You should, therefore, consider utilizing the above tips to ensure you get the best quality seasonal staff regularly. Read Also: Benefits That Employees Actually Look For 7 Ways Technology Can Help In Customer Management And Sales Finding Your Dream Career: 5 Useful Tips For You To Research About A Company Before You Apply Signs That You Need To Ditch Your Full-Time Accounting Staff For An Accounting Firm

Learn Coding

Why You Should Encourage Your Kid To Learn Coding

Computers are everywhere. They’re in our pockets, on our home desks, and at our offices. They’re also in our TVs, microwaves, washing machines, thermostats, cars, airplanes, and just about every other piece of modern technology. So how do programmers communicate with these electronic machines? Through coding, of course. In basic terms, learning to code is learning to communicate with computers using a special set of instructions within a unique framework of rules to give machines specific tasks. What Is Coding? Coding is the process of writing instructions for computers and other devices to perform specific tasks. Coding is also known as programming, software development, or computer science. Coding can be done in different languages, such as Python, Java, and JavaScript, with different syntax, rules, and features. Coding languages are translated into binary code, which is a sequence of 0s and 1s that computers can understand and execute. Coding is used for creating various applications, such as websites, games, mobile apps, software, and artificial intelligence. Codin g can also be used for data analysis, automation, simulation, and research. Coding is a skill that can be learned by anyone interested in computers and technology. Coding can also be a creative and fun activity, allowing people to express their ideas and solve problems. Coding has many benefits, such as improving logical thinking, enhancing creativity, increasing career opportunities, and contributing to society. Coding is also a constantly evolving field, as new technologies and innovations emerge. Coding can help people to adapt to the changing world and to create solutions for the future. 5 Prime Reasons To Encourage Your Kids To Learn Coding More parents are enrolling their kids in the best weekly coding sessions for the following reasons: 1. Coding Can Unlock Career Paths Learning how to code at an early age can help a child understand whether a career path in programming is for them. It can also make it easier to learn more advanced concepts later when studying artificial intelligence, machine learning, deep learning, and other modern IT applications. 2. Programmers Earn Well As you probably know, programmers are in-demand. Experienced programmers have high job security and can quickly shift between employers too. Programmers also earn well. In 2020, the median salary for a computer programmer was 89,190 USD. The best-paid 25 percent made nearly $120,000 that year. 3. It’s an Increasingly Digital World As mentioned earlier, the world is growing more reliant on computers. Nowadays, digital literacy is a significant asset. Even if your child doesn't choose a career path that involves coding, learning how to code can help them understand, appreciate, and navigate the world around them. A computer background can also be helpful in other career paths—for example, professionals in the financial industry leverage artificial intelligence to gain valuable insights from data. 4. Coding Shapes the Mind Coding can help shape a developing mind in some exciting ways. The skills that young programmers learn through coding can also help them in other aspects of life. 5. Coding Can Be Fun! If your child takes to coding, then they'll undoubtedly enjoy it. An entertaining and thought-provoking activity is excellent for any growing person’s mental health. So how do you know if your kid is ready to learn to code? To End Up: Children who display a deep interest in computers and devices at an early age, enjoy strategic games, and have an analytical mind may have an aptitude for coding. You’ll never know until you give them a chance! Additionals: How do you choose an SEO-friendly theme for your website? Have You Heard of Upcoding? It’s a Big Part of Medical Fraud Is Computer Software Prepackaged Software A Good Career Path?

CV Writing

8 Tips For Tech Industry CV Writing That Highlights Your Skills And Experience

When you are creating a tech industry CV, it is recommended to be specific. CV is the first point of contact with every client where you can sell yourself as a technologist. So, make sure to include the right information for the position you are applying for.  A report given by The PHA Group says that,  The UK technology sector ranks third globally.  It was recorded worth $988 billion in 2022.  MOL Learn gave another report that said,  The UK technology industry adds £41.5 billion to the country’s economy.  It is estimated to create 678,000 jobs by 2025.  This statistical analysis represents a surge in the tech sector. For several applicants applying for tech jobs, making a unique CV is a promising need. This guide will inform the reader of some essential tips and tricks to design your CV for the tech industry.  However, if you want to stand unique among all competitors, obtain a CV writing service from a professional. Thanks to their expertise, they know how to present your skills and background. They can portray it in an interesting yet concise way that can grab the attention of hiring managers. How Do I Write A CV For the Tech Industry? Top 8 Expert Tips When a recruiter opens up your tech industry CV, he has only 6 seconds to judge your expertise. If you stuff it with irrelevant information, those 6 seconds can be wasted in reading it and then considering you as needing to be aligned with the interest.  The tech professionals are in high demand. Due to increasing competition, a standard CV for tech industries would not be able to gain a cutting edge. A resume is more than a document listing your expertise. You need to present the highlights creatively so that the manager can think of calling you for an interview. To implement it effectively, the tips below can assist the intent.  1. Tailor It to Specific Companies  When recruiters scan your resume for the Tech Industry, they look for the specific keywords. If these keywords are mentioned in your resume, they will be taken out among others. So, make sure to add these keywords to it. Write them in bold letters to highlight your key expertise.  2. Create a Technological Skills Section  Are you looking for a way that how do you list tech skills on a CV? Making a separate technology section in the tech industry CV can be the best way to go regarding this. Place it right below your introduction and summary section. You can write it in bullet points and mention the specific tools or software used there.  Also, mention your expertise in using various technological tools. Remember to mention your skills in using both hardware and software.  3. Mention Expertise in Bullet Points  Most of the students make mistakes there. They do not differentiate their tech industry resume from the cover letter. A CV is only meant to highlight the key expertise. You are not supposed to write the details of each point.  However, in the cover letter, you will explain all the bullet points you mentioned in your CV. The recruiter does not have time to read this big block of information in the tech industry CV. Stick to the point to grant ease and enhance your chances of getting selected for an interview call.  4. Don’t Make It Longer Than One Page Once again, it's about the effective presentation of a tech industry CV. Writing long will increase the length, and the CV will exceed more than one page. A manager is likely not to turn the page to read the information mentioned on page number 2.  It might also be possible that the most relevant expertise is mentioned on the 2nd page. To avoid the trouble, be concise about font size and type to fit all the information on one page.  5. Get The Formatting Right  You can submit your resume in whichever format you like. However, it is recommended to be submitted in pdf or Word document. Make sure the presentation must be in the document type that is required by the uploading tool. Furthermore, cross-check the job description as it is considered the most preferred format in the whole tech industry CV structure.  6. Don’t Embellish It  You may want to embellish your CV, but it can be done elsewhere. As we have discussed above, the tech CV must be specific and balanced. The simpler and clearer it is, the better it looks. This sort of creativity and storytelling can be practised in other documents such as cover letters and portfolios. For more clarification, get some Tech industry CV writing ideas from previous samples. You will understand how simplicity is crucial for each sample.  7. Use AI Tools and Software to Better the Presentation  There are several tools available that can help you design a tech industry CV beautifully. It may include Canva, CakeResume, etc. Remember that an over-designed resume is prone to get rejected first-hand. The use of vibrant colours is great but don’t ignore the simplicity and clarity behind it. The document must be scannable afterwards.  8. Prove Your Abilities  Simply listing your key expertise in the tech industry CV does not seem sound. The recruiter may be suspicious that you just write about it. In practice, you have not done anything productive in the industry. That's why there is a need to prove your skills.  You may mention your previous experience, the company name, and the great benefit that sector got out of your service. Try to use specific terminology to describe it so that the manager can get an idea about your previous work.  Tech Industry CV Examples The UNC gives an example of a tech industry CV template. You may not align with the expertise provided below. However, get an idea and design your CV accordingly. If you need more than the template to write your bio specifically, search for your town's top CV writing services. These experts understand the competitive market well enough to design your resume efficiently. Taking expert assistance might be the best career decision you ever made.  Conclusion  There is no doubt that the tech industry sector is expanding. That’s why it is introducing several jobs to the applicants, for such students, making a tech industry CV is crucial. The way you will be preferred among all other candidates is highly dependent on your resume.  To beat the increasing competition, the above-mentioned key tips are helpful. Present your key skills efficiently and get ready to be called for the proceeding by the HR manager. Read Also: How to Start Your Career as a Financial Advisor? Top 7 Things To Take Into Consideration When Selecting Essay Writing Service 6 Ways to Achieve an Essay Writing Task Successfully