How To

How to Become a Wholesale Banker

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By eHow Contributing Writer
(1 Ratings)

In the world of finance, wholesale banking seeks to gain a market edge by providing reliable, secure banking services to customers at reduced service fees, often with more favorable interest rates on savings accounts. You can become a wholesale banker by earning your professional credentials and seeking employment with one of the growing number of alternative banking services cropping up across the country.

Difficulty: Challenging
Instructions

Things You'll Need:

  • Bachelor's degree in finance, business or economics
  • Professional certification to provide banking services (recommended)

    Get the Education

  1. Step 1

    Complete your high school studies with an eye to attending college. Take classes that would serve a future banker well: law, business and economics. Hone your communication and leadership skills.

  2. Step 2

    Major in a finance, business or economics-related discipline when you go off to college. Complete a full 4-year degree.

  3. Step 3

    Attend business career fairs while you're in college. Network with recruiters to help you land an entry-level job in banking once you graduate.

  4. Step 4

    Decide on a banking specialization that you want to gain your professional credentials in. Check state licensing requirements for typical banking services, such as investing and real estate finance, or whatever other branch you're interested in.

  5. Step 5

    Complete the additional training is necessary to become a professional banker with proper certification. Usually, this will involve attending a workshop, and/or passing a written examination. In some instances, you may be required to promise to adhere by an established ethics code.

  6. Work in a Wholesale Bank

  7. Step 1

    Apply directly to one of the larger wholesale banks once you have the appropriate certification. Most of the world's established wholesale banks maintain career opportunities postings on their websites.

  8. Step 2

    Get the experience that many wholesale banking positions require by working in a junior position at a regular bank while you finish earning your educational qualifications. Rise through the ranks until you hold the same position you'll want to have at a wholesale bank.

  9. Step 3

    Establish a relationship with human resources personnel at wholesale banks as you build your experience base. Keep your resume distribution active, and with any luck you'll soon be off to your job interview with a wholesale bank.

Tips & Warnings
  • Online wholesale banking is growing rapidly. In general, its rise is providing more overall career prospects for people who want to become a wholesale bankers.
  • You need to be licensed or credentialed to provide certain banking services, such as investment advisement and home finance. Ensure you always operate within the confines of state and federal law.
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