5 Disadvantages of Entry-Level Banking and Finance Jobs

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Having a banking job is the best way to start a career in the financial industry. Once you get in, it’s not hard to keep your job. When you start as a bank teller, you are considered a student of the bank. There, he learns the ins and outs of the industry, preparing him for his adventure into the larger world of corporate finance.

Unfortunately, with all the advantages also come disadvantages.

1. Fixed hours
If you enter the banking industry as a teller, you will find that you have no control over your hours. This contrasts sharply with other financial career paths, such as a financial consultant who works when he wants. In entry-level banking jobs, he works the standard day shift. Even if he wishes to work overtime for a small increase in his salary, he cannot do so unless there is a directive from above.

2. Salary expectations
If you’re drawn to the world of finance because of the promise of financial freedom, prepare to be disappointed. If you’re just starting out, don’t expect to be paid as much as veterans. Instead, use your current situation as a starting point. Work your way diligently from there. As long as you are in the banking business, you will be quite secure if you are a hard worker.

3. Labor difficulty
As mentioned above, it is easy to maintain your position in a bank once you enter. Going in is something else. You may find it a bit difficult to get a job in a bank. When applying for a teller, customer service experience is recommended, but not required. However, when you get in, the training you receive and the skills you develop can be applied in other careers.

4. You are on the front line
Entry-level banking jobs mean that you will be the one talking to customers. As anyone with customer service experience can tell you, this can be stressful. There will be customers that you just can’t reason with. You are going to need to do a lot of mental preparation to survive.

5. Potential dangers
Banks are prone to robberies. It may not happen as often as the cliché says, but it’s still a possibility. Most banks offer training on how to handle thefts, so you only need to follow the protocol if such an event occurs; God forbid.

If you want to be in the financial industry, there is no better way to get in than through a bank.

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