How to get Bank Jobs in USA?
While a job in banking is widely considered to be a high-paying career, it’s a lot more than just money. Although it’s true that you’ll be reasonably compensated for the stress involved, banking roles can be pretty exciting and present incredible learning prospects about business interfaces and increasing your clientele. What’s required in this industry is a sufficient amount of passion and preparation that’ll keep you motivated and help you advance in the industry.
Essential Skills for bankers:
Different banking places bear different skill sets to complete their day-to- day conditioning. Still, there are also certain chops that all bankers need, anyhow of their part. These include:
Communication : Bankers must have strong listening chops to interpret the requirements and conditions of their guests. They also well- developed verbal chops to partake and bear information to guests and associates effectively.
Sales Skill: In order to vend a bank and its products successfully, bankers need excellent deals chops.
Relationship Building: Bankers who can nurture strong connections with their guests earn their trust. A trusting customer is generally more willing to invest in banking products.
Business Acumen: In order to advise and help commercial and business guests, marketable bankers need a strong understanding of how business works.
Attention to detail: Bankers need to spot and fix disagreement snappily. It’s important that they maintain a high position of delicacy at all times and learn to double- check their work for crimes.
Analytical thinking: Investment bankers need to cover and dissect data and request trends and make sound opinions grounded on their analyses. They also need strong problem- working chops to find effective results for complex problems.
Innovation : To be successful in their careers, investment bankers need to be creative so that they can identify new ways for companies to ameliorate and grow.
Types of Banking Jobs
- Investment Banker
- Foreign Exchange Trader
- Asset Manager
- Equity Analyst
- Bank Manager
- Relationship Manager
- Internal Auditor
- Budget Analyst
- Credit Analyst
- Loan Officer
- Bank Teller
How do I get bank job with Indian education (B.com, M.com + Bank PO) in USA?
It will be difficult to get a direct bank job in the US with the qualifications you have mentioned.
Your best bet would be to join a MNC bank preferably a US bank (since that is your interest) here in India and then try for internal postings in their US offices after you have worked for some years. Be aware that the competition would be fierce and you have to prove your value.
Here’s what you can do:
1 Create a smart resume and LinkedIn profile.
2 Send your resume to all the foreign banks and/or register on their portals
3 Keep visiting their websites and check out the ‘career’ section for job openings. Apply to specific positions of your liking.
4 You can engage the services of headhunters who deal with foreign banks.
5 Use your personal network in case you have one.
Hiring procedures will depend on the bank. I would suggest you prepare yourself well for the aptitude tests, group discussion and personal interviews and also enhance your customer handling and selling skills.
PREPARING FOR APTITUDE TESTS
There are plenty of sites available like Indiabix and others. Check them out. Familiarize with the type of questions and practice well.
PREPARING FOR INTERVIEWS
To help bank job aspirants prepare well for their interviews, I have authored a book titled ‘Be a BankPro’.
It is a comprehensive bank guide which will enable you with the latest banking domain knowledge; job skills like customer handling; how to sell bank products and meet targets; capital markets; financial advisory; core banking systems; new technology trends; channels and platforms, regulatory compliance; general and finance awareness; quizzes; wide range of mock interview questions; how to prepare for GDs and the contemporary topics one can expect etc.
The book helps you prepare more holistically to face interviews with confidence. It is available on all Amazon sites. Do check it out. You may find it useful.
Source-Quora: G Sunder, former Banker, Faculty, Author-Banking Sales& Be a BankPro
What is the easiest way to get a job in the U.S. if you’re from India?
Before I address your question of how to get employment in the US, I urge you to consider pursuing a career aligned with your aptitudes and interests. This will give you purpose, meaning, happiness and fulfilment in life. In today’s globalised world, there are infinite job opportunities – and across the world!
Here are are some options that you can explore for a job of your choice in USA. Domain knowledge and expertise in your chosen field along with the requisite employability skills will definitely give you a competitive edge.
1) STUDY IN USA
Higher education in USA is exorbitant unless you have a substantial fee waiver or scholarship! So a cost benefit analysis is essential.
Once you embark on your studies there, you are eligible to apply for Optional Practical Training (OPT). This is a temporary employment that is directly related to a full time student’s F-1 Visa in his/her major area of study. While gaining employability skills, it provides a valuable opportunity to showcase your potential and land a job.
Eligible students can apply to receive up to 12 months of OPT employment authorization before completing their academic studies (pre-completion) and/or after completing their academic studies (post-completion). However, all periods of pre-completion OPT will be deducted from the available period of post-completion OPT
As a STEM (science, technology, engineering, mathematics) student on OPT jobs you can stay on upto 3 years.
If you’re pursuing PhD/Research, you can start earning between USD 25 – 30 per hour as a Teaching Assistant or an annual salary of about USD 35, 000 as a Research Assistant.
2) FIND A JOB
Remember, that organizations in the US generally hire computer professionals from India because of their high degree of expertise and competence. Indian software developers are the backbone of the majority of US companies and tech start-ups. However, there is also a fair demand for professionals in the fields health care, technology, banking & finance, business analytics and scientific research. The bottom line is your having an ‘in demand’ specialization and skills.
On being offered a job, you will have to get an H1 B visa sponsorship from your employer. Presently only about 5 per cent US companies facilitate this. However, the good news is that the President Joe Biden-led new administration has already begun work on relaxing the H1B application rules of the Trump era. A recent article published in livemint.com states that Joe Biden will send a comprehensive immigration bill to Congress which among other things proposes to eliminate the per country cap for employment-based green cards. This policy change will benefit hundreds and thousands of Indian IT professionals in the US, whose current wait period for legal permanent residency (Green Card) runs into several decades!
While H1-B or L1 visas (when your company has a branch in the US) are valued, many persons want to apply for permanent residence or citizenship through naturalization. This can take a long time and entails a tedious process.
Source-Quora: Amrita Dass PhD.