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.
14 June 2010 - 1:16am
jahanzeb
Hi anybody advice me?? I have an email from RBS in response to my online application for Customer Adviser role and asked me to give them a call, So i just wana know that are they going to take my interview at the same time of call or they will give me an appointment. BECAUSE I AM NOT READY AT THE MOMENT
9 March 2011 - 11:02pm
tigerman
hi i have 3 years of java experience and my aim to work for an investment bank in IT.. what shud i learn if i hav to be considered by a bank.. thaank u
3 May 2011 - 5:14am
sanmpat
Thanks a lot for the details about the entry requirements for retail banking position. Even, I have a couple of years of experience on IT/internet banking field and would definitely like to study and learn more about retail banking and it's ethics. But the only problem I need to get rid of right now is as a attorney. I do not earn a dime for weeks and I think I need to change the stream for a better living as well. So, thanks again for the details for the entry requirements.
2 December 2011 - 11:46am
Adk109
Retail banking is very important in banking sector. Wherein banking institutions execute their transactions directly with consumers, rather than other banks and corporations. Top most banks are targeting to the Retail Banking as their next level of achievement. So there will be more opportunities and preference to the people who have a knowledge of retail banking. The information shared is really useful to get these things. Internet Banking was became popular since last some years. So most of the banks launched lot of facilities for it because Consumers gave lot response to it. Let's see what will ensue with Retail Banking.
http://www.financemetrics.com/articles/banking
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Hello,
Anybody who has already been in an assessment center at HSBC for a graduate programme?
I would really appreciate if you could tell me how is it organized and what do you do there? Question they ask, any role-play or case study...
Thank you