Banking Careers

Banking was developed out of people's need for a safe place to keep their money. Bankers provide bank services to the public, commercial and industrial organizations. This field has expanded over the years to meet increasing and diverse financial needs.


Banking has changed dramatically over recent years and now offers some of the broadest career opportunities in the financial sector as well as the challenge of dealing with two of the most fascinating subjects in life, namely, money and people.

As a result, banks provide a wide and developing range of specialised services which require highly trained and qualified personnel. Career opportunities are available in a variety of fields, such as administration, branch banking, accountancy, auditing, lending, secretarial work, export financing, international banking and travel.

New customer services have opened up positions in portfolio management, supervision of unit trusts, and super annuation funds, property management, personnel administration, taxation, computer systems, bankcard departments, public relations and advertising, trustee services and wills, and agricultural services. Therefore, a banking career offers unlimited opportunities together with sound training for men and women who have a keen interest in finance and banking.

Almost all newcomers start working at a branch where there is a trained professional team skilled in all aspects of general banking. Under supervision of this team, the trainee acquires the necessary experience in the work situation. The location of the branch, whether in the city or rural area, determines to a great extent, the nature of the work. In rural areas bank clerks work in more than one division, while the work in bigger cities is much more specialised.

Bank Managers: are responsible for the functioning of the bank and the development of new business - corporate, retail and personal. Bank managers need to know something about every aspect of banking. Integrity and exemplary behaviour at all times are vital in this profession, as is the ability to understand and enjoy financial matters. A well-developed sense of responsibility, empathy with people, initiative, the ability to work under pressure, intelligence, dependability, good communication skills and an appreciation of excellent service are also important.

Bank Tellers: deal with the public, cashing cheques and making deposits into and withdrawals out of accounts. Bank tellers are required to arrive promptly, correctly dressed. Most of the customers attended to are either depositing or withdrawing money, thus a teller is given sufficient money in the form of notes and coins to handle such transactions. Electronic equipment is provided for counting notes and weighing coins. Each transaction is written down on special forms and at the end of the day, tellers have to balance their forms with the money taken in or withdrawn. Working hours are normally 8 am to 5 pm, unless otherwise agreed upon.

Agricultural services: This provides farmers and branch managers with advice on farming finance.

International assets: In this department currency is rapidly bought and sold on behalf of the client. Stock markets are investigated to ensure the best tenor for the client’s import and export. Currency control monitors international transactions and the foreign branch handles the documentation of importers and exporters.

Commercial and Industrial banking: This department provides instalment credit and loan facilities to industries, commerce and professional people.

Domestic finances: The interest rate is controlled in this department and all transferable money-market assets are bought and sold. Quick decisions must be made about buying and selling assets.

Personal financial planning: This department aims to provide professional financial planning to the private sector. Guidance is given to clients with the restructuring of their investment portfolios.
Credit cards: Trained personnel are responsible for the administration of credit cardholder’s purchases.

Trusts and Wills: The preparation of deceased estates as well as trustee funds are handled by experts and wills are drawn up on request.

Translation: This work provides an opportunity for persons with an aptitude for languages. They should be creative, able to translate the full meaning of one language into the idiom of another, translate journalist articles, as well as technical and law documents.

Computers: Advanced office machinery is used to process daily transactions to provide information to the management and all the departments within the banking group.
Internal audit: All business that has been taken care of by the bank, is examined during audit, such as:
internal accounts, computer programs and the effectiveness of the bank’s specialist services.

Personnel: Trained personnel teams ensure that the staff members are stimulated and that they realise their career ideals.

Catering: This department organises the cafeteria and management dining-rooms and serves refreshments at all bank functions.

Marketing: This includes large advertisement campaigns, promotions, sponsorships and design of stationery and product packaging.

Public relations: The function of the public relations department is to communicate appropriate messages to different groups, e.g. bank employees, potential employees, clients and the media.

Bank personnel work indoors, usually behind counters or in offices and conference rooms. The work setting is usually pleasant and comfortable.


Employment


  • commercial and general banks

  • merchant banks


Getting Started


  • try to obtain vacation work in a bank

  • arrange to speak to a bank manager, the personnel officer of a bank or a knowledgeable bank employee about careers in banking

  • read financial magazines and newspapers


Programmes

Abm University College, Academic City College, Accra, Adventist University of Central Africa, AFDA, Afda Botswana, Africa Nazarene University, Africa University, Alliance International University, Almond Institute(formerly Graduate School of Governance and Leadership), Archbishop James University College, Arthur Portland College, BA ISAGO University College, Bimaks College of Business and Health Sciences, Bindura University of Science Education, Bluecrest College (formerly Niit Ghana College), Boland TVET College, Botho University, Botswana Accountancy College, Botswana College of Distance and Open Learning, Buffalo City TVET College, Capricorn TVET College, Catholic Institute of Business and Technology, Catholic Institute of Kabgayi, Catholic University College of Ghana, Catholic University of Eastern African, Cavendish University, Central Johannesburg TVET College, Chinhoyi University of Technology, Coastal KZN TVET College, College of Cape Town , Cornerstone Institute, CTI Education Group, CTU, Damelin, Daystar University, Dedan Kimathi University of Technology, DMI-St.Eugene University, Durban Computer College, Durban University of Technology , Eastcape Midlands TVET College, Egerton University, Ehlanzeni TVET College, Ekurhuleni East TVET College, Ekurhuleni West TVET College, Embu University College, Esayidi TVET College, Evangelical Presbyterian University College, False Bay College, Fountainhead Christian College, Gaborone Academy of Education, Garden City University College, Gert Sibande TVET College, Gideon Roberts University, Goldfields TVET College, Great Zimbabwe University, Gretsa University, Helderberg College NPC, Heritage Christian College, ICESA City Campus, Imperial School Of Business and Science, Ingwe TVET College, Institute of Bankers Namibia (IOB), Institute of Development Management, International School of Business and Technology (Isbat), International Training College ? Lingua (ITCL), International University of Management, Islamic University in Uganda, Jomo Kenyatta University of Agriculture and Technology, Jomo Kenyatta University of Agriculture and Technology (Tanzania), KAAF University College, Kabarak University, Kaimosi Friends University College, Kampala Institute of Vocational Training and Business Studies, KCA University, Kenneth Kaunda Metropolitan University, Kenya Methodist University, Kenyatta University, Kepler Kigali, Kibabii University, Kigali Independent University, King Hintsa TVET College, King Sabata TVET College, Kirinyaga University College, Kisii University, Kwame Nkrumah University, Kyambogo University, Laikipia University, Letaba TVET College, Limkokwing University of Creative Technology, Lira University, Lovedale Public TVET College, Lukenya University, Lyceum College, Machakos University College, Majuba TVET College, Maluti TVET College, Management College of Southern Africa (MANCOSA), Management University of Africa, Masinde Muliro University of Science and Technology, Mega Size College, Meritorious Biz Tech College, Meru University of Science and Technology, Methodist University College Ghana, Middlesex University Mauritius, Milpark Education, Mnambithi TVET College, Moi University, Monash South Africa, Mopani South East TVET College, Motheo TVET College, Mount Kenya University, Muhabura Integrated Polytechnic College, Multimedia University of Kenya, Multitech Business School, Mulungushi University, Murang'a University of Technology, Mzumbe University, Namibia University of Science and Technology, National University of Lesotho, National University of Science & Technology, Ndejje University, Nelson Mandela Metropolitan University, Nile Institute of Management Studies Arua, Nkangala TVET College, Northern Cape Urban TVET College, Northlink College, Nsaka University, Open University of Tanzania, Orbit TVET College, Oval International Computer Education, Pan Africa Christian University, Pearson Institute of Higher Education, Pentecost University College, Port Elizabeth TVET College, Production Management Institute of Southern Africa, Regenesys Management, Regent Business School, Regent University College of Science & Technology, Richfield Graduate Institute of Technology, Rongo University College, Rosebank College, Rusangu University, Sedibeng TVET College, Sekhukhune TVET College, Solusi University, South African School of Motion Picture, South West Gauteng TVET College, Southern Business School, St. Augustine University of Tanzania, Stefano Moshi Memorial University College, Strathmore University, Swaziland College of Technology, Sylvia University, Taita Taveta University College, Team University, Technical University of Kenya, Technical University of Mombasa, The Co-Operative University, The Copperbelt University, Thekwini TVET College, Tom Mboya University College, Trinity University, Tshwane North TVET College, Tshwane South TVET College, Tumaini University Makumira, Uganda Martyrs University, Uganda Technology and Management University, Umfolozi TVET College, Umgungundlovu TVET College, United States International University, Université des Mascareignes, University for Development Studies, University of Botswana, University of Cape Coast, University of Dar Es Salaam, University of Eastern Africa Baraton, University of Education Winneba, University of Eldoret, University of Fort Hare, University of Johannesburg, University of Kigali, University of KwaZulu-Natal, University of Limpopo, University of Lusaka, University of Mauritius, University of Nairobi, University of Namibia, University of Pretoria, University of Professional Studies (Upsa), University of Rwanda, University of South Africa, University of Stellenbosch, University of Swaziland, University of Technology Mauritius, University of the Free State, University of the Western Cape, University of the Witwatersrand, University of Zambia, University of Zululand, Vaal University of Technology, Valley View University, Varsity College, Victoria University, Vuselela TVET College, Walter Sisulu University, Waterberg TVET College, Web-Info-Net Institute of Technology, West Coast TVET College, Western TVET College, YMCA Comprehensive Institute, Zambia Catholic University, Zimbabwe Open University


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