If you don’t know where to start your career from in the banking sector

You may have heard of that, jobs in banking sector offer a fast paced career path and lucrative salaries, however, you might not know where to start your career from or which profile to apply for. SO here in this article, I will help you with various functional domains of banking in which will serve as a platform to learn the ropes of the functional domain and get started in your career in the banking sector.

As we all know banks help those who want to make an investment, take a loan, want to save money on a regular basis. For smoother operations of all these services, skills of various professionals working in a bank are brought together.

Banking is broadly divided into four different categories; retail banking, commercial or corporate banking, private banking, and investment banking. There are a vast range of jobs in banking sectors, which are for different roles or sub-domains of banking; depending up on your skills and interests, you can choose to tread a career path in any of the four sub-domains of banking functions.

With the right know-how of the roles or the profiles you can find your dream job in this job sector quickly. So lets take a look on the functional domains of a bank where you can find yourself a rewarding opportunity.

Asset management: Professionals in this functional domain manage investments for private funds, individuals and organizations. Asset manager deal with financial products such as; stocks, bonds, foreign exchange, and property. The basically sell and distribute financial products after evaluating the clients financial health and financial goals. For a longstanding career in this functional domain, you will obviously need certain skills along with personality traits. Transparency is the foremost, requirement for a thriving career in this domain, as this trait will determine your success. Along with the ability to influence, some of the biggest investors to invest in financial products, your progession in this domain is deeply related to this personality trait.

Corporate Finance: This domain of banking deals with large corporate clients to build their business and enhance their shareholder value, which is done by offering them strategic consulting and financial products. This domain is broadly split into two categories, client servicing and product management. Client servicing team advises the clients and product teams developes financial products as needed. Mergers & Acquisitions, structured financing, equity capital markets, & debt capital markets; are the services offered by the client teams which later on are escalated to the product team to come up with the best solutions.
This is a great career option for those; who are overly numerate to work out different strategies that will impact the client’s financial health.

Operations: Operations is also known as the ‘enginer-room’ of a bank, as they keep all the functional domains up and running. Professionals from this domain ensure that the daily transactions in a bank like; clearing, documentation of each sale, monitoring, reporting, and client servicing operate smoothly. This function is central to the smoother functioning of a bank, hence, requires a team of professionals who are prompt, dependable and experienced. A job in banking sector within this functional domain comes with excellent career opportunities all across the globe.

These are the functional domains, which might serve you with the experiences and learning opportunities to meet your career goals. Look for jobs in banking sector on prominent job sites, as they will boost your prospects with landing with a job, to set sail for a career in banking.

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