Retail banking refers to high-street banking, in which banks undergo transactions directly with consumers, rather than corporations or other banks.
What do Retail Banks do?
[Edit]Retail bank's services include: taking care of money, transfering money between accounts, providing loans, foreign exchange services, savings, financial advice, insurance, mortgages, etc.
Graduate Jobs in Retail Banking
[Edit]There are various career routes open to graduates in Retail Banking, such as:
- Management/Branch management
- Strategy and marketing
- Credit and risk
- Human resources
- Operations management
Employers include UK clearing banks, building societies, foreign banks with a network of UK branches and finance houses.
Entry requirements for Retail Banking
[Edit]For most banks you will need a 2.1/2.2 degree to apply for most positions. Although a degree in almost any discipline is accepted by retail banking recruiters for entry to graduate schemes, graduates with the following degrees may have an advantage:
- economics
- business studies
- banking and finance
- financial services
- computing
Retail banking is a fundamentally a customer-driven sector. Candidates with good quality communication skills tend to be highly regarded by potential employers.
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