What you must know before attending a banking job interview


Employment is one key aspect of a nation’s development. It is very evident and obvious that employees contribute to the development of a nation.
A lot of unemployed graduates wish they are employed in the banking sector as it is one of the most decent, good-paying, and well-respected jobs one could find but consequently, gaining employment in a bank has become a headache for most job seekers as they fail to perform during interviews.
Of course, the banking sector has evolved over the years. High demands from the Central bank, shareholders, customers, and the high unemployment rate has forced banks to raise the employment bar up higher to enable them to get the better out of employees.
Though it is uneasy to be employed by a bank, bankinghall24 details what a banking job applicant should know prior to a banking job interview to facilitate smooth employment and so we decided to compile some points to consider.
1.Why Banking?
Whenever these kinds of questions are asked, you need to show that you’re “super-committed and talk about your passion for the industry.
Talk about why the Banking Sector is one of the fastest-growing sectors. This can help impress the selectors.
Don’t forget to also express your underlying motivation for the job.
2. Why that bank should choose you.
With this type of question, you need to prove that the bank has superior qualities and ethics that you would be pleased to be associated with.
Here, you should enumerate your personal traits, competencies, and qualification and how they can help the bank achieve its objectives.
3. Banking Problems.
This question gives you insight into your customer service skills as a candidate.
They look at the manner and method you would take to ensure you tackle every problem you come across if you’re employed.
In every case, you need them to do the job of persuading more potential clients to become your loyal customers
since customer satisfaction is a priority in every banking institution.
This is about method and attitude, says Mark Hatz, an ex-Goldman Sachs and Perella Weinberg associate.
Your example should clearly indicate how you changed your communication style to meet the customer’s needs.
4.Current market trend and the general market trend.
This trend is necessary for the bank because it changes all the time. It enables them to know if an interviewer is very abreast of the general knowledge and how well they know information from other areas in the banking sector.
It may involve questions like :
Why would you or would you not invest in Apple?
What does the yield curve look like now?
We can’t list all of them here since they are many.
5. Technicalities.
This is echoed by other finance interview preparation professionals. banks want people who know the basics, even if you haven’t worked in finance (or studied finance) previously. They believe the applicant should have knowledge about a lot of banking jargon and terms used in their everyday activity and also be able to explain and use in serving and handling issues in the line of duty.
What is KYC? Why it is important?
What are the functions of RBI?
What are the documents required by banks for KYC compliance?
What is accretion and dilution?
6. Dressing
Most often we say that “first impression lasts longer”. This statement says a lot about what we wear and how we look since it sends a huge impression to the one or people interviewing you.
One can easily judge you or form a wrong impression mainly because of how you appear. Since we might not know how official a company may request it’s workers to dress,it is best to wear your suit and tie with a shoe to match since this is usually worn by most business people especially in the banking sector.
7. Being honest during the interview.
We must give candid answers to questions we know since this would improve your credibility and assure the panelist that you can be trusted with the position available. For instance, if you are asked to talk about the current state of a country, try as much as possible to be very true even if you don’t really like to talk about it.
You must not also forget to negotiate your salary. Most at times people forget to talk about the salary to receive and the deduction that follows only to be complaining later about unpleasant or unfair treatments and payments. Being able to negotiate your salary also makes you know what to receive at the end of each period.
Having these points in mind and going through them would help you succeed or be among the most performing candidates.