Your Questions About Banking Jobs

Sharon asks…
Banking Jobs ?
Hi, I am currently pursuing BSc in Math from Canadian University…planning to do second degree in economics(BA).
But before i graduate …. i really want experience in Banking firm so that i can get decent job once i graduate.
What kind of entry-level position I can apply for in Banks ?
I only have experience as a cashier..
One more question….Can i get a decent Job in Banking with undergrad degree in Math and Econ ?
mikey answers:
Banking is a broad field. If you want to do retail banking (which is the regular teller, personal finance sort of thing…available at most branches of a bank), then start as a teller. In retail banks, education counts for very little (unless it’s the Canadian Securities Course, or the Mutual Funds Accreditation); experience is what matters most.
If it’s commercial/institutional/investment banking, then try your best to get an internship. There are risk departments etc. Know financial derivatives well.
Last question: I personally graduated with a degree in Mathematics, and I regret it everyday. It was a waste of time; you need a graduate degree for a math education to be worth anything (unless you go into teaching). Don’t believe what anyone else tells you. It makes no sense in doing a degree if it isn’t going to land you a job. I would recommend switching to math and accounting/finance etc. Economics isn’t that much better as they typically want Phds. If you still have time, switch to engineering.

Steven asks…
What type of Banking jobs are their out there?
Yea what type of entry-level Banking & Finance jobs should someone start out with If they want to start their own Private Equity Firm one day because I was thinking about..probably graduating from college then work 2 years then go to Business School hopefully Harvard…n then working another 3 years or more then starting it with someone.
mikey answers:
First you must finish college and get a degree, then join bank for working experience, then work out from there to realise your ambition.

Betty asks…
Which banking jobs website should i follow?
I am planning to do a job in banking sector in India, Let me know if anyone have idea related to banking industry. I’m a bcom graduate.
mikey answers:
Hey Mate,
we have same name ![]()
by the way why don’t you search resources on some search engines. Anyways i know a website for you as i also appeared in the exams.. Here it is http://www.indianbanks.org/
also subscribe the rss feeds, so that whenever a new job comes you will get an alert in your mail. I think they have lot of things for preparation like Q & A, Forums, Mock Test..

Mandy asks…
where can i find good banking jobs in toronto iemortgage field, mortage consultant, credit specialist?
Hello, i got terminated from my job last week and now im looking for a job in the banking field (finance)… i was a mortgage broker, specialist… i have tried, job shark, job bank, manuel life, everything … would anyone know of any other sites thank you alot!
mikey answers:
I’m sorry to hear about your job loss.
It’s going to be hard to find an equivalent job in the current economic climate.
I would advise contacting firms directly, as well as searching on job sites.
These are difficult times.

James asks…
Do investment banking jobs outside of New York and other financial cities offer the same lifestyle?
I would like to work at a boutique bank in buy-side or sell-side investments in Colorado after my Tier 1 AACSB accredited MBA. I have no previous expereience.
Is this possible and at what level would I be hired?
What are the hours?
What is the salary?
mikey answers:
Most major companies do have offices outside of NYC, however, if you really want to make it big in banking NY is the place to be. I started my career in Boston and made the move to Wall Street.
You do get compensated well, but you also work more than just 9-5. Luckily I have a wife that understands as she has a demanding job as well. To give you an idea, my wife and I have a mutual friend that worked for a major investment firm on Wall Street. On 9-11 he realized he left his keys in his office and went back later that night to get them. Believe it or not there were some guys working. Moral of the story some banks do not care what is going on around you, close the deal and make them money or someone else will.
Keep in mind some of the more prestegious firms only hire MBA’s from the top 20, if you aren’t from Harvard, Wharton, Yale etc.. You will have a very hard time getting your foot in the door.
I would recommend visiting some of the bank websites and reading about the career paths for MBA’s. Most of them have a typical day in the life, career path etc..
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