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How to Get Ahead in the Banking Industry

Getting ahead in a competitive and high-profile industry like banking can be difficult and a bit intimidating. The key can be just getting your foot in the door. Once you do, making a name for yourself can take a bit of creativity and effort. Follow these tips, and you’ll soon see yourself coming out on top.

Follow Your Niche

In order to get hired or to get ahead in your current banking job, you need to be knowledgeable about your particular interest area of finance. There’s a great deal of competition. You can’t get ahead by being mediocre. Reading industry publications or online resources will help you to stand out from the crowd and to make meaningful contributions to your position or desired job. Follow industry leaders like the CEO of Oceanic Bank International Cecilia Ibru on Twitter to stay on top of the latest industry news.

Tailor Your Approach

Banks often have their own desired skills or knowledge in mind when it comes to potential hires. Take time to read the career pages on the websites of the institutions for which you’d like to work. Each application should be tailored specifically to the needs of the position and the particular career needs of the bank. Doing so will not only make you a more appealing job candidate, you’ll likely be more comfortable at an institution whose values and interests align with your own.

Share Your Opinion

It’s always a good idea to list classes you’ve taken or specific knowledge you on your resume or in an interview. However, don’t stop there. If given an opportunity, be sure to demonstrate your knowledge of a particular subject matter. Doing so can make you a strongly desired candidate or help to put you in the running for future promotions. While sharing your knowledge is good, be sure not to present yourself as being too risky. Since the financial crisis, the banking industry no longer looks as favorably upon excessive risk taking. If you talk about risks you’ve taken in the past, be sure to indicate that the risks were calculated and share what you learned from the experience.

Be Prepared

When applying for a job in the banking industry or even looking to advance your current finance career, it’s important to always be prepared with the information employers expect. Competition is fierce. Know what is expected from you and always deliver. Be sure all requested materials are submitted on time or early, and always communicate to avoid misunderstandings. Doing these things will paint you in a professional light and make you a desirable employee in a fierce job market.

When entering a career in the banking industry or trying to advance your current position, always take the time to know the field and to set yourself apart as a qualified, knowledgeable candidate for the job. The above tips will help you to do just that and to put you one step closer toward the finance job of your dreams.

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