|
Banking is a huge industry and entry level jobs in this industry have a fast turnover rate as employees tend to either retire or transfer to other jobs.
Usually when you are seeking employment in the banking industry, a college degree is not mandatory at entry level. Once you get the job, you can always enroll yourself in a bank’s officer development trainee program which is as good as having an MBA in finance! Free training programs offered by banks to their employees is a sure way of getting into management after completing one year of intensive on-the-job training coupled with classroom lessons.
Banks are constantly looking for aggressive sales and marketing oriented employees, especially people with outstanding customer service skills. After all, banks can remain competitive only by increasing their range of customer service. In addition, banks are now foraying into niche markets like securities trading, mutual funds and retail mortgage lending. They are competing with large corporations and non-bank financial service firms.
The other aspect of relationship between employment and investment banking refers to the economic growth of a particular region or area and thus creating more jobs. When investment banks invest in a particular industry or sector, the industry usually is a booming one. As the industry grows, more employment opportunities are created and people find jobs easily.
All this shows that there is a close relationship between employment and investment banking and that is why investment banking is being encouraged in many different parts of the US and rest of the world.
More Articles :
|
Commercial banks are a type of financial intermediaries besides being banks. After the Great Depression, the US law required banks to just engage in investment banking activities while the banks that were dealing with the capital market became known as commercial banks because both the bank types were now completely different. 
