Retail banking is the area of the financial industry that most individuals and small businesses have direct interaction with. The vast majority of the population in modern society could not function without a current account and there are suggestions that one day the physical form of money will become obsolete whilst others fear that the high street presence of banks will disappear first. As technology improves and companies are streamlined, there is still a large need for staff in operations roles’ ensuring that everything runs smoothly as well as working within telephone and internet banking to reach their clients. This huge area of banking boasts a broad range of career options, ranging from bank tellers and customer service representatives, to bank managers and financial advisers.
Some of the most competitive jobs in the banking world are within the world of ‘high finance’. This catch-all term involves various specialist strands of financial services, including:
- Investment banking
- Asset management & hedge funds
- Mergers & acquisitions
- Private banking.
The massive range of companies which deal with this area of finance are responsible for actively managing large financial transactions and providing expert advice on major investments.