By leveraging vast institutional expertise in financial markets, the banking sector plays a centrally important role in the global economy by efficiently reallocating trillions of dollars between billions of savers and borrowers, ranging in scale from credit card bills of a few dollars to billion-dollar corporate mergers.
The emergence of cryptocurrencies, peer-to-peer lending, crowdfunding, and microfinance have introduced new ways to provide financial services - and new competitors to traditional banks. And the financial crisis of exposed new vulnerabilities of our interconnected and accelerated global economy, which is once again being tested by the COVID epidemic. Career opportunities in banking span a wide range of roles and educational requirements.
Bank tellers, for example, typically only have a high school diploma along with on-the-job training. However, these customer service-oriented positions are declining in number as ATM machines and online banking services reduce the need for in-person tellers. In contrast, bank roles requiring a higher level of education continue to grow.
These professionals evaluate investment opportunities by doing sector-specific research and financial modeling and make recommendations to banks of ways to profitably put their money to work. Because of the importance of banks in the financial system, these analysts must do rigorous due diligence, and typically have strong skills in math, statistics, and proficiency in software like Excel used to build financial models.
Yes, absolutely. Coursera offers courses from world-class professors at top-ranked schools like Columbia University and Yale University that can give you a deep understanding of global banking and financial markets.
You can also take courses and Specializations to build the skills you need for a career in the rapidly-evolving banking industry, in topics like financial technology, data analysis, business, and computer science.
Regardless of your needs, Coursera lets you learn remotely on a flexible schedule that is ideal for working professionals that want to expand their skill set in banking or begin a career in this field. Tuition is also significantly lower than on-campus alternatives, making online learning an especially smart investment in your future. The skills and experience that you might need to already have before starting to learn banking include an interest in money and financial assets, good analytical skills, attention to detail, a strong technology background, and an understanding of institutional finance.
As banking continues to grow more digital and online by the day, more banks are looking for people who know how technology is impacting the business of handling money.
So it might be helpful to learn computer programming and financial modeling concepts before starting to learn banking. Personality skills that would be useful to have before learning banking could include an ability to handle stress, to work well with others, and have confidence in dealing with retail banking customers.
The kind of people that are best suited for work that involves banking are those who have the ability to learn financial concepts quickly. This is useful in banking for understanding the basic banking fundamentals as well as emerging financial concepts like blockchain, artificial intelligence, and regulatory technology.
Because the financial industry thrives on innovation, and elements may change over time, people who are flexible and can adapt to changing environments will also be well-suited for working in banking. A person who has the ability to handle pressure and show resilience in difficult times might also be well suited for work that involves banking. You might know if learning banking is right for you if you show a passion for numbers, interest rates, financial planning, and other concepts that may seem foreign to many consumers.
Having integrity and good judgment, as well as a sharp eye for spotting financial inconsistencies, are also solid personality traits that might convince someone that they're right for banking. Learn a job-relevant skill that you can use today in under 2 hours through an interactive experience guided by a subject matter expert. Access everything you need right in your browser and complete your project confidently with step-by-step instructions.
Take courses from the world's best instructors and universities. It is also a benefit if you are assisting customers with their ACH needs and need to better understand different types of ACH transactions.
Are you aware of how your bank remains compliant with this set of regulations? This course will help you identify situations where this regulation is important. This course is for any employee that is impacted by customers and transactions that fall into FACTA regulatory situations.
OFAC is a government regulation to help with National Security by keeping funds out of the hands of individuals and entities involved in foreign drug trafficking, proliferation of Weapons of Mass Destruction, and terrorists. This course is designed for new bankers who need to have a general understanding of what OFAC is and how it impacts their job. All rights reserved. Your privacy is very important to us. We would like to advise you that Internet email is not secure.
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Please be advised that you will then link to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of FIS Learning Solutions.
We recommend that you review and evaluate the privacy and security policies of the site that you are entering. FIS Learning Solutions assumes no liability for the content, information, security, policies or transactions provided by these other sites. Skip to main content. Web Site Search. Toggle for Navbar Toggle for Offscreen Navbar. Common Regulations Banking regulations keep financial institutions from going bankrupt, customers being treated unfairly, and help control the economic well-being of the United States.
Communication Etiquette Many issues can arise when knowledge of workplace etiquette is assumed. Credit Scores How do you evaluate the risk involved with a person applying for credit?
Introduction to Bank Products Products seem to be all around us. Introduction to Being a Teller Do you need to learn about the role of a Teller in the branch? Introduction to Consumer Lending This course provides a basic understanding of consumer loans and who can get one. Introduction to Lending Are you new to banking or a lending department?
Introduction to Lending Escrow Your mortgage payment can change over the years. Introduction to Mortgage Lending Mortgage loans are loans that allow a borrower to buy real property, such as a house. Loss Prevention Loss prevention crimes happen on a regular basis across the banking industry. Modern Banking The banking industry has been seeing many shifts in how they do business over the past several years. Robbery Procedures This Banking course is designed to give the viewer basic information on what they should know before, during and after a robbery.
What is ACH? What is OFAC? A bank has many moving parts, and financial advisors often use banks as the beginning of wealth management. Now, with millennials eschewing traditional banking in favor of practices like mobile banking, even the most prominent institutions have to change.
Banks have been slow moving traditionally, but a lot is going on now. Cryptocurrency is upending the traditional banking model. Mobile banking is upending customer service. Online only financial institutions challenge what it means to be a bank.
Be ready for a career in an industry on the edge of a revolution with courses from edX. IIM Bombay offers a comprehensive professional education course in aspects of 21st-century banking. It includes risk management concepts, theories, and practices for the new financial ecosystem, and how federal government agencies have oversight and sway within this powerful industry.
Other courses can teach you the fundamentals of Islamic banking Islamic Research and Training Institute , blockchain Linux , or credit risk management Delft. These aspects of banking are an important part of understanding how banks operate in a multicultural society and how banks are preparing for future upheavals in the currency system.
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