Wondering if you have what it takes to be a personal banker? Wondering what your banker has that makes him so good at his job? Here is a quick layout of who makes the cut in the banking business.
Education. To be a personal banker, you must at least have a bachelor’s degree in finance, accounting, economics, or some similar degree. You must have excellent math skills as well, as crunching numbers for other people’s finances is what you do every day.
This is the very core of becoming a banker, as you must have an understanding of how money works, what are the different ways to invest, and what the different theories of economics play out. Additional education is always beneficial, such as a master’s in finance. Some personal bankers must also pass certain difficult exams which will assure that they are well-educated in banking matters.
Sales. In order to work as a personal banker, you have to be able to engage your clients and to convincingly explain why a certain method is the best way for them to spend their money. While this may not be thought of as a qualification for being a personal banker, it will help you as you try to get into this position, and can also help you as a client understand where your banker is coming from in terms of supervisor expectations and training.
Personality. A personal banker must also be engaging and down-to-earth so that clients know that they can trust you. Since they are allowing you to handle their finances, it is important that they have know that they can trust you. This means telling them what is the best thing for them to do, even if it doesn’t mean the biggest bill for your bank. Building trust means putting the customer first. Being honest and straightforward is always best when trying to gain the trust and respect of your clients.
When wondering what makes your banker so good at his job or if you would be a good fit for such a position, be sure to consider these characteristics.