Being a banker is one of the toughest jobs in the world as you are dealing with the money of outsiders with a care like it’s your own and you get paid a lesser amount always compared to the amount of work you put in and the efforts that you make to keep your clients happy and well-informed on how to best use their personal funds.
After finishing high school or college, the people who are interested in the field of finance is endlessly applying to all the banks or agencies handling recruitment agency in Hong Kong, with the hope joining one of the big “B’s” without properly knowing the pro’s and the cons of it.
Being able to get into a big bank in the first place is a tremendous achievement as they make vigorous screening processes to select the best of the best in the field for the banks. There are paper-based exams, informal interviews, assessment centres and many more. Give yourself a pat on the back, if you got selected into a bank by passing all those hurdles.
By being in the bank, there are many financial and non-financial benefits that can be obtained which are not limited to interest free loans, friendly leasing plans, tax holidays or tax reductions, extra paid holidays, company trips to expensive locations etc. All these benefits and more can be enjoyed if you are at the big “B” as most these facilities cannot be enjoyed by working in any other sector.
The social recognition for a banker is immense as the selection criteria are very tough and only the best of the best are taken in for the job. Also, once you are recruited you are given plenty of on the job and off the job training on the skills and knowledge areas that are required to do the job. These training programs teach you on how to work efficiently and to ensure that team spirit and the spirit of a banker is always present when you are doing the dealings.
As much as there are plenty positives, there are a plenty negatives which makes people think twice before taking up the job. Banking jobs are comparatively very difficult as the cash dealt belong to the customers and they can be very tough to deal with most of the time. As a banker, you might have to work long hours to ensure that your work is completed which are all part of the job.
Finance facilities are required by not only the elite and the educated, but also by the people who does not have a proper educational background. It is very difficult to deal with customers who do not have the knowledge in the financial market, as you will have to explain everything from the very beginning to them to understand what happens with their money and how they would be charged for them and earn from it. As a financial institute, you are answerable to the government, tax authorities and other local bodies apart from the customers; therefore you are required to have the documentation ready when asked for evidence.
Money scammers print fake currency and they are given to the banks which are sometimes not recognizable by the cash machines alone. If you have accepted such currency you will become answerable to the police and other investigatory departments in solving the matter and will become an extreme hassle for you. Just like any other job being at the big “B” can have many positives and negatives, which you might need to, read before forwarding your CV for the job.