About
The Banking Sector has a huge offering of job vacancies and each of them require a wide range of skills. As such, employers commonly apply a rigorous selection process to ensure they acquire the right candidate.
If you are thinking about applying for a role within the financial industry, we would recommend that you do some research on both the company and the financial services they offer. This will help you to understand the objectives of the business and the relevance of the role you are applying for, in terms of contributing to the overall brand vision. It will also equip you to answer questions that the interviewer may ask you during an interview.
In terms of preparing for the application process, it is common for companies within the Banking Sector to ask you to complete aptitude and psychometric tests. These help the employer to determine which candidates have the appropriate skills for the role in question.
Whilst we have put a range of practice packages together, based on a variety of Banking Institutions, the general approach to the selection process is a numerical reasoning test, a verbal reasoning test and a role-play exercise. However, if you are applying for a technical role that requires specific expertise, you may be asked to complete an assessment that is centred around the knowledge and skills required. For example, our UBS Trader SHL Test Preparation pack has been tailored to suit individuals applying for a Trader role.
The Top Employers within the Banking Sector
According to the Guardian UK 300, there are a handful of brands who regularly come out top in their yearly survey that reviews the best Banking Sector Companies to work for. These are:
J.P. Morgan
An investment bank who offer a range of financial services to financial institutions, intermediaries and private individuals. Their services include, but are not limited to; Corporate Banking, Capital Raising, Risk Management and Debt Recovery. Whilst they have headquarters in London, they have offices in Edinburgh, Glasgow and Bournemouth.
Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Barclay
Barclays plc is a British multinational investment bank and financial services company with headquarters in London. It offers a wide range of career opportunities across its four distinct graduate development Programs in Retail and Business Banking, Investment Bank, Corporate Banking, Wealth and Investment Management sectors.
Morgan Stanley
An American Investment Bank offering financial services since 1977. It is listed on the New York Stock exchange and has a revenue of $37.96 billion.
Bank of America Merrill Lynch
Bank of America Merrill Lynch provides global perspectives, comprehensive solutions and strategic guidance. Their offering includes Business Banking, Wholesale Credit, Global Commercial Banking, Global Corporate & Investment Banking and Global Markets.
Deutsche Bank
Deutsche Bank AG is a German investment bank and financial services company. Deutsche is operational in 58 countries with a large presence in Europe, the Americas and Asia. As of December 2017 Deutsche Bank was the 17th largest bank in the world by total assets.
Take a look at our suite of practice packages to see which one is suited to your Assessment Day!
