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Why a Career in Banking?

Congratulations! You’re interested in a career in banking. But do you know the benefits of working in this dynamic industry?

Here are a few:

  • Competitive salaries and excellent benefits
  • Wide range of jobs and experiences in a thriving industry
  • Numerous opportunities for advancement for ambitious professionals
  • Continuing education and community service is highly encouraged
  • Excellent working conditions and hours

Whatever your talents, interests and educational background, there is a career in banking for you.

While you may be most familiar with the tellers and customer service representatives at your own financial institution, there are many other employees who work in key areas of a bank. For example:

  • Bank Administration/Accounting — handles the bank’s internal operations, sets policies and provides oversight
  • Consumer Banking — delivers financial services to individual customers
  • Commercial Banking — delivers financial services to businesses, schools, churches and other organizations
  • Compliance — provides strategic direction, ensures bank abides by industry laws and regulations
  • Human Resources — manages employee placement, salaries, benefits and training
  • Operations/Accounting — provides record keeping, bookkeeping and financial analysis
  • Technology/Information Systems/Security — ensures availability of information, maintains computer systems and software, and protects data
  • Public Relations/Marketing — promotes the bank’s products and services, coordinates advertising, and improves relationships with the community and media
  • Trust and Investment Banking — manages money or property for others

Success in Banking

 

A career in banking is open to everyone, regardless of race, gender, national origin, age or physical capabilities. Banks hire and train people who are interested in learning and working. Aptitude and attitude are essential to your success. If you are an individual seeking growth and challenges and are willing to accept responsibility, banks will be interested in you.

Bank employees are typically very well organized and have strong computer skills. They also have good communication skills, are excellent at dealing with people, and are service-oriented.

Financial institutions hire candidates who are honest and trustworthy. They also look for people who are able to calculate and balance numbers correctly. As the federal government regulates many aspects of the banking industry, their employees are required to adhere to all the rules and regulations that banks must follow.

Banking is a service industry. To succeed, you should enjoy working with people. Bank employees enjoy dealing with people from all walks of life and in all kinds of financial shape.

Applicants interested in going into banking should have at least a high school diploma or a GED for most entry-level positions. A college degree in accounting, finance, business, communications, economics, marketing or computer science will assist the job applicant not only when initially hired, but also when seeking promotions within the banking industry.

Banks offer many job duties and career path options. Most banking firms offer excellent benefits, including medical insurance and disability insurance, sick leave and vacation, and retirement options. Banking firms are highly regulated and supervised financial operations, making them safe, pleasant and rewarding places to work. These careers offer integrity and stability.

There are many opportunities to broaden your knowledge and skills at a bank. Most banks offer on-the-job training and encourage you to further your education through a variety of courses, seminars and training programs. Banks often set up tuition assistance and reimbursement programs for job-related coursework to help employees increase their capabilities for current and future positions. Many large banks have training departments dedicated to helping employees maximize their skills and talents through in-bank educational programs.

Employment Outlook

Every bank’s success is due in large part to the dedication and skill of its people. Working in any aspect of banking can be very rewarding and fulfilling. It can also provide interesting new challenges every single day.

There will always be a need for banks to hire and train talented, motivated, resourceful and customer-oriented people. Your success will depend on your commitment to the bank, your aptitude for developing knowledge and skills, your positive attitude, and your ability to work well with others and adapt to change.

As e-commerce and online banking technology continue to expand, tech-savvy individuals will always be in demand.

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Blogs Job Search News

Become an Insurance Sales Agent

A high school diploma is the minimum education requirement in most cases, though many employers give preference to candidates with an associate’s or bachelor’s degree, especially in fields like business or finance.

Generally, you’ll also need to be licensed to sell insurance in the state where you work, based on your chosen specialty or “line of authority.” Enrolling in pre-licensing courses while you complete your education can help you get your foot in the door. For more information, check with organizations like the National Insurance Producer Registry, a national not-for-profit insurance licensing clearinghouse.

As somebody exploring an insurance sales career, you’ll need to present well, both in person and over the phone. That means being well-spoken, courteous, a good listener, and responsive in conversations. It helps to know what to expect in a job interview. Remember: you’re selling yourself first and foremost.

Employers will also try to suss out your knowledge of the industry. Be upfront if you’re just beginning on your insurance sales career path. If you have experience as an insurance sales agent, be prepared to talk about your background, your past sales successes, and salary expectations, including asking (preferably not too early in the interview process) what the employer’s top agents earn.

Types of Insurance Sales Jobs

Your targeted specialty area and insurance licensure can guide you as you explore how to become an insurance agent and the types of insurance sales jobs. Many insurance jobs fall under these general categories:

Life Insurance

Life insurance sales agents sell life insurance policies and annuities that pay beneficiaries when the policyholder dies. The pay is often on a straight commission, often at a high rate compared to other insurance sales jobs, in part because life insurance can be difficult to sell and prospective customers can be harder to find.

Property and Casualty Insurance

The role of property insurance agents involves helping customers protect property, including homes, vehicles, jewellery and other valuables. Casualty insurance specialists offer clients liability coverage against financial losses related to accidents involving their property, and includes auto, homeowner’s, and renter’s insurance. Property and casualty are usually combined into one general area of expertise.

Health and Long-Term Care Insurance

A health insurance sales agent works on behalf of health insurance companies, selling health-related products and services to consumers. By contrast, a health insurance broker works on behalf of consumers, assisting them in finding and enrolling in qualified healthcare plans. This category can also include agents who help clients find long-term disability insurance and coverage for assisted living care.

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Job Search

Common Mistakes That Are Stopping You From Landing That Job You Want

1. You Keep Your Search Between You and Your Laptop

Getting a job is a team sport, and savvy people build teams of advisers who work to help them succeed through support and advice. For example, some people are best at helping you identify strengths and weaknesses. They can review your resume, make introductions, and provide honest feedback.

Others will encourage you when you’re ready to throw in the towel. So, don’t let your computer be your only confidant. Reach out to your network for help and support.

2. You Only Apply Through Traditional Means

Whether you’re targeting smaller firms or big brands, don’t forget that many companies pay a referral fee to employees who find the next hire—meaning there’s something in it for everyone when you get referred. And, it’s the best way to get hired.

So, don’t be afraid to ask friends, relatives, and contacts to refer you to open positions where they work. So long as you’ve done your due diligence beforehand and you’re considerate about it, they’ll likely help you out if they can.

3. You’re Only Going After Big Companies

If you cannot name five up-and-coming organizations in the industry you’re targeting, you don’t really know the sector as well as you think you might.

Lesser-known companies may not be as sought after as the Google’s and Microsoft’s of the world, but they may just have a culture where you’ll thrive and the opportunity you’re looking for. If you’re pursuing big-name firms because they’re all you know, you need to expand your search.

4. You (Always) Communicate Assertively

Many people strive to project a sense of control and competency. That makes sense because in order for others to have confidence in you, you need to have confidence in yourself.

However, if you overdo it, you can turn people off. Allowing yourself to be honest—when networking, for example—can help others connect with you more easily.

Nobody wants to be sold anything, and most people are not impressed by bravado. Remember that being vulnerable from time to time may be one of the best things you can do for yourself as a job seeker.

5. You Doubt Yourself

Some people spend precious emotional energy assuring themselves that the hunt is taking as long as it is because they simply aren’t good enough. And when you stop believing in yourself, you’re in trouble.

Don’t rush into a decision like taking a position you feel uneasy about or heading back to school simply out of fear. Instead remind yourself of all the reasons you might not be getting a call back that have nothing to do with you (like if you’ve been applying to roles you truly aren’t qualified for).

6. You Don’t Play to Your Strengths

The other day I worked with a student who had an unbelievable talent for numbers, yet the roles she had applied for only marginally allowed her to use her unique talent. So, while she had a skill that differentiated her from others, she wasn’t targeting jobs that allowed her to demonstrate what she did best.

Ask yourself what it is that you excel at, and don’t be scared to use these attributes as a starting point. Target roles that would maximise your talents: You’re more likely to get a call back—and achieve greater job satisfaction and career success after you’re hired.

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Job Search

Common Resume Mistakes to Avoid

Writing your own resume is a pretty tricky task when you’re on the hunt for a new position. It’s not easy to write a document that explains your background, experiences and is supposed to fit on 1-2 pages ! After all, this is the piece of information that’s supposed to catch a hiring manager’s eye and get you an interview, you want it to be the best it can possibly be, right? While there’s no secret formula to the perfect resume, there are a few common mistakes that keep making their way onto resumes.

1. Being too specific OR leaving out important details
This is tricky. Resumes are concise documents but leaving out important information can impact a hiring manager’s opinion and being long-winded can lose their attention. When crafting your resume, think about what matters in each of your positions. What have you accomplished that a hiring manager would careabout? Cut out the extra fluff words and focus on the valuable details.

2. Highlighting every responsibility
Bottom line, a hiring manager will not want to know every single thing you do in your position. Consider the role you’re interested in and match those responsibilities with your previous accomplishments. You want a hiring manager to see similarities between their opening and your experience.

3. Not showing your accomplishments
Going along with #2, don’t just list what you do, showcase how you’ve made an impact in your positions. Did you manage a team? Or did you manage a team that increased sales by X amount? Don’t be modest when it comes to the results you’ve created in your career.

4. A messy resume
One of the most common mistakes is having a disorganized and crammed resume. There are great free resume template resources if you’re not great at formatting resumes. Look at your resume objectively; it should have a clean and clear design, be easy to read and have some white space. According to studies, you have about 6 seconds to make an impression on a hiring manager. If they can’t read your resume, they won’t consider you!

5. Leaving out keywords
Recruiters and hiring managers often have systems in place throughout the screening process where they will look for certain keywords like specific software or technology experience and if they don’t see it, buh-bye! Treat your resume as an SEO challenge. Think of common and relevant keywords that match up the position description you’re applying to.

Avoid these 5 and you’re on your way to resume success! If you’re ready to submit yours today, apply to one of our current marketing, creative or IT jobs in Minneapolis!

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Job Search

3 Common Job Search Myths:

Between the advice of almost 1 million on LinkedIn with the terms career and job search in their titles, and the well-meaning suggestions of friends and family (many who haven’t job searched in 5+ years), it can be tough to separate the two.

MY TAKE ON SOME COMMON JOB SEARCH MYTHS:

🤜 A GREAT RESUME WILL GET YOU PAST ATS Job boards are saturated with applicants, which means they can be like black holes for you resume – no matter how great it is.

Bypass applying online as a first point-of-entry by focusing on landing referrals., THEN wow them with a great resume that can then be submitted online AND read by Applicant Tracking Software systems.

Only 7% of employee referrals apply for roles, but this accounts for 40% of hires.

🤜 JOB HOPPING LOOKS BAD Long-time loyalty is appreciated, but when achievements are highlighted, those that leave every 2 to 3 years are not penalized.

The opposite is true, and it’s fast becoming the norm that employees will begin a new job search once the challenge faced before them is complete. In fact, large pay raises are less likely when your experience takes place with one company. More myths busted in my most recent blog (link in comments)