10 reasons to work for a bank

As I am soon to leave, just wanted to share with you why it is so exciting and interesting to work for a bank. :)

Background information:

I am working in corporate credit risk management. Meaning that I am dealing with approved and to be approved credit deals (conditions for utilization of the loan, repayment schedules, analyses of the current state of the company and cash-flow forecasts, collateral, business sector analyses, project finance and a lot more)

1. You deal with business coming from different sectors of economy and you learn a lot about how are those sectors interconnected, how they function, what are their specifics.

2. You learn about financing. How to receive a loan, what are the best conditions for it, what kind of collateral you need, how to manage your finance properly and keep your balance sheets clean so that you are able to repay your loan.

3. You learn how to read balance sheets. You cannot imagine how easy it is for some of my colleagues to see that a balance sheet has been manipulated and to find out what exactly is happening in the company.

4. I learnt a lot about construction. :) I know what kind of documents you need to start constructing any building, I know how long it takes, I know what are those strange elements for the construction, I can read mortgages, plots, encumbrance certificates.

5. Banks are the ones that keep economy functioning. So you are making indirect impact on you country economic development.

6. Banks will always be there.

7. You learn how to balance between making profits for the bank and meeting the interests of your customers.

8. You learn to pay a lot of attention to all details. Even to what might seem to you insignificant, might make a big difference. And at the same time you need to know how to stay on top of things and see the big picture.

9. You learn how to be sustainable in your approach towards the customer, when you can make a step back, compromise and when you need to be tough and pushy about fulfilling conditions.

10. Far from the least: you don't pay ANY bank commissions and fees, you can get employee loan with better conditions. Believe me, this can add a lot of money in your acocunt that are not spent for yearly fees :))).

So if you thought that banks are a boring place to work. You are wrong :))))