Banking is one of the most sought after sectors where people want to apply for jobs. If you are looking for a job in the UK banking sector you should be prepared for tough competition and a long recruitment process. Banks often have hundreds of candidates for the same job and therefore “you need to make yourself stand out from the crowd.” The banks usually ask candidates to take a competency assessment test, two rounds of interviews, minimum, and the whole process has been known to take up to 6 months. Applying for a job in the banking sector you will need to have the right mix of strong analytical and banking skills. The idea of service is prominantly highlighted by the banking industry and service is the TOP ingredient of success in this sector. A high school diploma or equivalent is the most common educational requirement for the more junior roles.
So those looking for jobs in this sector should brush up their skills by following some tips which are given below to achieve what you want and more importantly what your dream career will be.
First of all there are two methods to apply for jobs i.e. via an agency or directly to the employer. Please note it is not advisable to pursue both at the same time, this just causes confusion and quite often will be detrimental to your application. Adopting the agency method has the benefit that an agency will be working closely with the banks thus knowing both current and upcoming vacancies available. If an advertised vacancy does not prove to be suitable, your recruitment consultant will perhaps be able to recommend an alternative position where you may be able to apply. An agency has more contacts and gets interviews arranged for you by approaching the institution/business on your behalf. They will inevitably help to bring out more avenues as they work very closely with the hiring managers and have one goal, high customer service to the client and candidate.
Those who prefer to apply directly to the institution can do so by searching for relevant ads in the newspapers, online job search engines and corporate websites. However, the drawback is that the whole process of searching and then applying may take a long time. Also you may apply online for the job. In the field specific to banking, there are specialized websites that house only bank-related jobs. Quite often with this method, your CV will be processes internally by an admin assistant and missed for other relevant vacancies. This will never happen at Agency level – they have ATS – Applicant Track Systems – which track your CV and suitably for current/live vacancies on time every time. Plus, your consultant is aware of your skills and will keep you informed.
The next step is to prepare an effective CV as it gives the first impression about your skills, achievements and personal attributes which can often influence the employer in deciding whether to call the candidate for the next stages or not. Your CV should be created in a format that is easily readable. (See www.cvgen.co.uk) It should be updated with all your achievements properly listed in positive manner.
Finally the interview, which is dependent to a large extent on the skills of the candidate. You should be able to present yourself in the way the Bank wants you to be and convince them of the skills and positive attitude you can bring. Bank management will want to hire a candidate who is knowledgeable and who can add value to their teams. So, prepare yourself to be the one they are looking for!