Bank and finance career

5 Reasons Your First Job is Important

There are a lot of people who are young who cannot wait to start working. They are excited about the job that they are going to have. Others get their first job at a local fast food joint while others wait a while before they get a job that is related to their course in college. One thing that most people realize when they start working is that it is not always going to be easy.

There will be some days when they just feel that they cannot deal with work but they have no choice. Your first job is going to play a vital role in your life. It will teach you to be positive or negative towards the other jobs that you are going to have.

Get to know the other reasons why your first job is important now:

  1.  You are going to improve your communication skills. If you are an extrovert, you will have no problem speaking with people. If you have questions, you are going to ask them. You will find it easy to find the words to say to put people’s mind at ease towards you. It does not mean that just because you are extroverted, you are going to effectively communicate what you are trying to say all the time. It can be harder when you are an introvert because you feel shy towards other people. Do remember that through your first job, you will face your fears and talk to people almost all the time. It can be enough to improve your communication skills for sure.
  2.  There is a huge chance that you will be more responsible. Handling the money that you earn is going to be a hard job but this is going to be just one of your many responsibilities. Your first job will teach you more about being responsible.
  3.  You are going to learn to work with other people. A lot of people like working alone because they do not have to worry about other people’s opinions. Right now, you have a chance to work with others. You will realize why it is more fun to have tasks delegated and why working together is necessary.
  4.  Mistakes are going to be a part of your first job. Do not feel bad if you make mistakes because you are only human. The best thing to do is to understand that mistakes do happen. You always have a chance to correct your mistakes and to make sure that you will not do them again.
  5.  There will be days when the hours would seem to pass slowly. Your first job will teach you to find ways to get rid of your boredom by becoming more productive. If you become a vital employee of the company, you know that you are doing something good.

Can you still think of other ways why your first job is going to be important? The choice will be up to you.

Career in Finance – Bank or Insurance Company?

The right career choice will lead you in the right direction but how will you pick when both possibilities seem to be amazing. You need to know now that both paths can provide you with job satisfaction. If you pick the right job, you are going to start having above-average salaries too especially when you compare it to what your peers are getting.

Sometimes, it is not just about the money though. You would like to have a job that can truly make you happy. You know what they say – when you are happy with the job that you are doing, it would not feel like you are working. This can be very helpful since you need to face the tasks that you are required to do at least five times a week.

The Working Hours

Working in a bank can be good or bad depending on what aspect of banking you would get into. If you want to get into investment banking, you can expect longer hours. If you are going to work in a bank, then you just have to work during bank hours. Even at entry-level, expect that there will be overtime several times a week.

If you would like to have a healthier work-life balance, working in an insurance company may be the better option for you at this point. You are going to work regular hours especially when you are just starting out. This gives you more time to be with your friends, your family members, and your loved ones. Just remember that when you start to work up the career ladder, you will be expected to work longer hours.

Potential Starting Salary

There are some people who work because they want to get more money. Who does not dream of being successful, right? The salary is one of the things that you should think about. Banks can provide you with higher salaries. If you believe that working in order to get the type of salary that you want is important, working in a bank can be great. Insurance companies do not give bad salaries though. In fact, they can still be considered high when compared to other professions.

Location

You have to be smart when making the right choice. If there are banks or insurance companies near you, check them out. The nearer your workplace to your house, the better. Some people think that it is fun to live a bit far from their work but the daily commute will start to take a toll on them after some time.

Make things complicated by choosing companies with offices that are near where you live. If in case there are no good companies that you can work for nearby, you can always rent an apartment that is nearer the place where you are going to work. You do not want to add commuting to the stress that you are bound to experience.

Work Type

What are the entry-level tasks that you are expected to do? In banking, you will be expected to assist the senior employees. You may be asked to do some presentations from time to time too. If you would work in an insurance company, you can impress senior employees by being a great underwriter or doing some amazing sales pitches.

With all of the details that you have gathered so far, where do you think can you work better? The choice will always be up to you.

How to Choose a Bank for You

Banking has changed significantly over the past years. There are a lot of people who do their banking online now. They know that they can check their account, pay their bills, and do so much more with the use of applications.

If you have not found the right bank yet, now is the time that you should begin searching for the right bank that will provide your different needs. There are some things that you have to consider such as the following:

  •  Consider your banking habits
  •  Take a look at your financial profile
  •  Read more about the customer service that the bank can provide

Aside from the things that are mentioned above, there are still so much you have to learn about the banks that are near your area. You should not forget about the location of the bank. Even if you would read other articles, you will be advised to choose a bank that is near your place. This can make banking easy especially if you are depositing or withdrawing a large amount of money.

The first thing to think about is your money habits. Are you the type of person who would always look for the right ATM in order to withdraw some cash? If yes, then you need to find a popular bank that has ATM stations in different places that are near you. Another thing that you should consider is the maintaining balance of the account. If you live from paycheck to paycheck, you may need the lowest maintaining balance possible.

Customer Service May Be Important

What do you think about the customer service of the bank? Do you think that this is important? If you answer yes, then you may want to find a bank that you can call anytime you have some questions. There may be moments when you have to call the bank because you are frustrated with the services you have received. You need a bank that can definitely help you out.

Fees and Interest Rates

This is going to be important to you. You are placing your money in the bank because you want your money to grow even little by little. The banking fees should be considered as well because there are some that may get some money from you every time you withdraw from another branch. There may be some banks who will charge every time you do online banking.

One of the most important things to consider is the financial stability of the bank. The more financially stable the bank is, the more at ease you will be with your money.

How to Find a Job in an Insurance Company

You have finally decided that you would like to work in an insurance company. The fact that you know where to work is already admirable. A lot of people take time before they figure out what they want. Some would even submit their CVs to companies that are not alike at all.

Some assume that to work in an insurance company you need to be an agent or a broker. There are non-sales positions that are available too. The moment that you secure a job like this, you will be able to have the career that you want. The thing is, you need to find a job in an insurance company. How are you going to do that?

Find Some Available Vacancies

Let us say that you have heard that General Insurance has some vacancies. You can take a look at the job positions that they are offering. There are also other companies that will advertise the job vacancies through their own website. There are also some online sites that will specify the companies that need new employees as well as the job positions available. This will definitely make your search easier.

There are some steps that you have to follow so that you can get the job that you have always wanted:

  •  You need to submit an online application form. The application forms will cover all of the information that companies need to know about you. There may be times when you need to answer personality type questionnaires too. The main purpose of this is to know if you would fit in with the company.
  •  If you pass the first step which is the online application forms, you will be asked by companies to go to interviews. The first-round interviews may be done in various places so you have to be prepared.
  •  If in case you make it past the initial interview, you would be asked to attend a final interview. This is when you can discuss more details about the job position that you are applying for, your potential salary, and all of your other concerns.

Some Main Graduate Positions in Insurance Companies

It will not be worth it to go through the process of being hired when you do not know what you are applying for. These are just some of the potential jobs that you may get:

  •  Underwriting – The underwriter will be in charge of checking if the client should be insured by General Insurance or the company that you are working for. The underwriter will also analyze what things the client can do in order to reduce the risks. This can be especially true when the company offers health insurance or car insurance.
  •  Claims – You will be in charge of checking what the client has lost and if the company should pay out the client. If yes, you should also analyze how much the company is going to pay out.
  •  Sales – This may be the most popular type of job that you will associate with insurance companies. You are in charge of knowing what your clients’ need and what they would like to see from the company. You will also create ideas that will be in line with what the customers expect.

There are some skills that insurance companies may require from you. It is best that you always put an effort into improving those skills to make you a great fit for the company.

How to Find Your First Finance Job

Are you someone who is about to graduate with a degree in finance, accounting, or anything that is related to business? If you are, then congratulations! Earning a degree is not an easy feat. This explains why not everyone is able to get it. You can make your achievement even more successful by finding the right job.

The question is, how are you going to find your first finance job? There are so many options that you have to consider. It can be hard when you need to find the right choice. To help you, think about the subject in finance that you like the most. This will definitely help you narrow down your choice.

These are some other tips that you can follow to help you pick land your first finance job:

  •  Instead of searching for job positions, you can focus on looking at the different companies that you want to work for. This will allow you to see if they have job positions that will fit you. If you want to land a job easily, you can look for fast-growing companies. They are bound to become big soon and you may be right there to make things happen.
  •  Take advantage of opportunities to connect with different companies. If there are seminars or sessions that you can attend, do not miss out on them. You may potentially find your employer that way. There are also times when you would need to ask the help of your professors or someone who is in the finance department to get more jobs open for you.
  •  There are a lot of students who feel that they have no chance of getting noticed because they have so little that they can place on their CV. Make the most out of the little information that you have placed. Who knows, you may place some details there that will make companies notice you more.

You are finding your first job so now is not the right time to become too picky. A job is still something that will allow you to have a paycheck. Your first job does not have to be your last job. The option will still be up to you.