The banking field is so highly regarded because of all of the different perks you get to lightly take advantage of when working in it. Working at just about any financial institution gives you easier access to loans, less fees, and easier exchanges of money, cashing of checks, etc. This is only to be included in making quite the pretty penny, and being able to enjoy your job for the most part. While this all sounds great, the problem is that banking requires some level of college degree to get in to, for almost every available starting position at an institution. People don’t realize just how hard finance jobs are to get, especially accounting jobs, (considering it’s one of the easiest bank jobs there is).
Accounting jobs require a little bit less of documentation to land, mainly because they don’t deal with as much of the technical side of the bank as most of the other positions have to. Most bank jobs require you to get your associate of arts to begin, although if you get in to a program to learn the process of banking early enough in your high school career, you may possibly be able to walk out with some sort of job lined up. While this is not common, there are programs which are geared towards trying to allow you to be able to do this.
Second tier finance jobs generally require a bachelors degree, and very few require you to have a masters nowadays. You will find that it is quite a lot easier to land a job at a credit union than a bank, as credit unions are generally a lot smaller than banks, and thus owned by locals. Most banks are not individually owned, as they aren’t really much of a franchise, and thus it is harder to get in touch with them about being hired. In addition, most of the jobs in banking that have a tendency to open up the most are positions that require you to have some previous knowledge, (or have worked in a financial institution before), and thus are not really considered entry-level positions. This is not to discourage you, however, as with a little time and research about pre-entry programs, you will be able to find some sort of financial job in just a short time. Learn The 5 Important Skills for a Career in Finance.
The Future of Banking And Finance Careers