THE BANKING CAREER

CAREER DESCRIPTION

Banking has been generally defined as an activity of accepting and safeguarding money owned by other individuals and entities and then lending out this money in order to earn a profit. It is business of managing a bank. A Bank therefore is a financial institution where one can place and borrow money and take care of financial affairs. Someone that conducts the business of banking is a banker.

The impact of banking sector in any country cannot be over-emphasized. Bankers mobilize the idle savings of the economy and provide finances to development works, loans/funds to finance businesses etc.

SKILLS REQUIREMENT

Some of the skills needed for success in the banking career include

v  Mathematical skills

v  Communication skills

v  Interpersonal skills

v  Honesty and integrity

TRAINING REQUIREMENT

The training requirement includes diploma and degree certificates in banking and finance, accounting or economics in polytechnics and universities as the case may be. Diploma certificates and university degrees are obtained in polytechnics and universities respectively. Being a member of a professional banking organisation may also be needed.

EMPLOYMENT OPPORTUNITIES

Anyone careering in banking can work in any bank such as Central Bank of a country, Mortgage banks, Commercial Banks and any other financial institutions.