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How Can I Advance In My Career In The Banking Industry With A Biochem Degree? - Career (3) - Nairaland

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Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by Joyceogechi(f): 4:20pm On Nov 08, 2021
Chat me up on 07014813820,I will ask you some few questions and know if you will go for CIBN,ICAN,CIPM






quote author=Janeeee post=107391011]Good evening guys.

I studied Biochemistry at the University and was recently employed in one of the banks in Nigeria.
I'm not a contract staff so the pay is quite okay for entry level.
Seeing the way most of my mates from school are still struggling to get jobs with our B.Sc Biochem certificate, I know for sure that I'm really lucky to be where I am because the job market in Nigeria is not favourable to my course at all.

Please anyone with prior experience, those that have been in my shoes before, how did you advance in your banking career? What courses can I take? What plans do I make? How many years will you advise I dedicate to different phases in this career?

Please I need as much tips as I can get.
I'm really confused. I love my job and I want to grow but I don't know how to go about it seeing that I studied an entirely different course from what I do now.

Your responses will be greatly appreciated. Thanks in advance[/quote]
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by Asour: 4:23pm On Nov 08, 2021
Focusmind:
Forget the degree and focus on your career. [b]All those science courses in our universities are waste of time. [/b]Nigeria's economy is not productive and diversified to absorb those from natural sciences. I am not discouraging people, but studying natural science courses in Nigeria now is becoming waste of time.

I studied Engineering but couldn't make a breakthrough to secure a place in the oil industry. I got offer with an investment bank, with good starting salary as a trainee after passing the numerous aptitude tests and interviews. I enrolled for ICAN, starting from the foundation papers and qualified. Did masters abroad in finance and have since, became authority in finance and accounting. Currently, I am on my own as a chartered accountant and management consultant.

Science graduates have edge over their art counterparts. As an engineering graduate, we are better placed to pass the aptitude tests because of our strong background in mathematics. Many of my mates that scaled aptitude tests had background in engineering and sciences.

So, learn as much as you could. Go to YouTube and read about your functional area in the bank. You have to put extra efforts. A lot of Bankers majored in disciplines out side the finance and accounting courses.

Lucky you. Once you are able to secure a graduate position in the current Nigeria labor market, just thank your God, as a good career path has been created for you to follow. Those not lucky will be moving from one contract jobs to another; from one low position to another. Please, utilise this opportunity to the fullest. Don't waste it or take it for granted. Use it to build your capacity for the future as learning is a continuous thing.

I am grateful that such path came my way when it did. It is always difficult for people to find their footings in the corporate world once they miss that opportunity of being hired as a graduate trainee in reputable firms like banks or multinational.

Good luck to you!

Hahahah.

But you should use generalizations carefully though.

The problem I see with most Nigerian scientists & Engineers is that they don't like to start small.
They also don't want to make sacrifices too.

Many Engineers made the same complaints you made too. Also justifying their not taking to business (Engineering) to lack of funds.

Guess what? When they were 6-7 years in banking and had made a few Nmillions they became [comfortable], lost their Engineering curiousity and pushed further into banking.

How much did Cyril bamford use to start JCB, what about Riese & Muller, What did Stephen Saad(an Accountant) know to create the largest Pharmaceutical company of African origin?

You may say these are foreign examples, fine.
Then what about Fidelis Ayaebae of Fidson pharma,
Gilbert Izodike of Cutix Plc (He left an established company -Raychem to create Cutix).

My point here is not that it is easy to create companies in science & Engineering space in Nigeria but that many Science & Engineering graduates lack the skills / curiosity to do so in the first place having only choosen these courses for PECUNIARY gains alone.
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by arthurwillia(m): 4:26pm On Nov 08, 2021
Focusmind:
Forget the degree and focus on your career. All those science courses in our universities are waste of time. Nigeria's economy is not productive and diversified to absorb those from natural sciences. I am not discouraging people, but studying natural science courses in Nigeria now is becoming waste of time.

I studied Engineering but couldn't make a breakthrough to secure a place in the oil industry. I got offer with an investment bank, with good starting salary as a trainee after passing the numerous aptitude tests and interviews. I enrolled for ICAN, starting from the foundation papers and qualified. Did masters abroad in finance and have since, became authority in finance and accounting. Currently, I am on my own as a chartered accountant and management consultant.

Science graduates have edge over their art counterparts. As an engineering graduate, we are better placed to pass the aptitude tests because of our strong background in mathematics. Many of my mates that scaled aptitude tests had background in engineering and sciences.

So, learn as much as you could. Go to YouTube and read about your functional area in the bank. You have to put extra efforts. A lot of Bankers majored in disciplines out side the finance and accounting courses.

Lucky you. Once you are able to secure a graduate position in the current Nigeria labor market, just thank your God, as a good career path has been created for you to follow. Those not lucky will be moving from one contract jobs to another; from one low position to another. Please, utilise this opportunity to the fullest. Don't waste it or take it for granted. Use it to build your capacity for the future as learning is a continuous thing.

I am grateful that such path came my way when it did. It is always difficult for people to find their footings in the corporate world once they miss that opportunity of being hired as a graduate trainee in reputable firms like banks or multinational.

Good luck to you!

Please how did you get offer in investment banking ?
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by Asour: 4:26pm On Nov 08, 2021
yetunsbay:
Yes yet there exists relationship btw both

What's the relationship?

The relationship between Accounting & Banking is Akin to the relationship between Accounting and
Most other disciplines.

1 Like

Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by IceColdVeins(m): 4:26pm On Nov 08, 2021
Wabiling:
Just learn I.T and japa
the only comment I have been scrolling to see.
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by McStoic(m): 4:34pm On Nov 08, 2021
BigDawsNet:
sad Chai Biochem degree in the US is like riitualist

You make around $94,490/yr

Mehn...I'm surprised you wanna change career when you should have been searching for a way to migrate through post studies....

Anyway goodluck bro

Sounds good
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by Kenako: 4:36pm On Nov 08, 2021
As someone with a similar experience (Bsc & MSc Engineering) as you and having spent 14 years in the Bank and considering the happenings in Nigeria. I'll advise you thus: 1. Save up and leave the country and further your biochemistry profession 2. If you find the financial industry good enough; I'll still advise 1 above, but study something that will build your skill up using tech e.g. data science, distributed ledgers, there are a while lot of them; I'll personally not advise ACCA/ICAN except you have the deep interest in accounting/auditing, this is also based on experience, I have people in Nigeria with these degrees still stuck with no jobs or still in the bank and can't get jobs in these sectors because of no experience, if you're looking at moving out of the country then it's fine you get the certifications if they interest you.

All in all, the faster you leave the industry the better for you

3 Likes

Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by McStoic(m): 4:38pm On Nov 08, 2021
Focusmind:
Forget the degree and focus on your career. All those science courses in our universities are waste of time. Nigeria's economy is not productive and diversified to absorb those from natural sciences. I am not discouraging people, but studying natural science courses in Nigeria now is becoming waste of time.

I studied Engineering but couldn't make a breakthrough to secure a place in the oil industry. I got offer with an investment bank, with good starting salary as a trainee after passing the numerous aptitude tests and interviews. I enrolled for ICAN, starting from the foundation papers and qualified. Did masters abroad in finance and have since, became authority in finance and accounting. Currently, I am on my own as a chartered accountant and management consultant.

Science graduates have edge over their art counterparts. As an engineering graduate, we are better placed to pass the aptitude tests because of our strong background in mathematics. Many of my mates that scaled aptitude tests had background in engineering and sciences.

So, learn as much as you could. Go to YouTube and read about your functional area in the bank. You have to put extra efforts. A lot of Bankers majored in disciplines out side the finance and accounting courses.

Lucky you. Once you are able to secure a graduate position in the current Nigeria labor market, just thank your God, as a good career path has been created for you to follow. Those not lucky will be moving from one contract jobs to another; from one low position to another. Please, utilise this opportunity to the fullest. Don't waste it or take it for granted. Use it to build your capacity for the future as learning is a continuous thing.

I am grateful that such path came my way when it did. It is always difficult for people to find their footings in the corporate world once they miss that opportunity of being hired as a graduate trainee in reputable firms like banks or multinational.


Good luck to you!

This is intimidatingly thorough..
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by Babatundey4God(m): 5:23pm On Nov 08, 2021
I am very broke and in need of financial support. Please help me with #900 to buy CALCIMAX.
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by Focusmind: 5:49pm On Nov 08, 2021
Asour:


Hahahah.

But you should use generalizations carefully though.

The problem I see with most Nigerian scientists & Engineers is that they don't like to start small.
They also don't want to make sacrifices too.

Many Engineers made the same complaints you made too. Also justifying their not taking to business (Engineering) to lack of funds.

Guess what? When they were 6-7 years in banking and had made a few Nmillions they became [comfortable], lost their Engineering curiousity and pushed further into banking.

How much did Cyril bamford use to start JCB, what about Riese & Muller, What did Stephen Saad(an Accountant) know to create the largest Pharmaceutical company of African origin?

You may say these are foreign examples, fine.
Then what about Fidelis Ayaebae of Fidson pharma,
Gilbert Izodike of Cutix Plc (He left an established company -Raychem to create Cutix).

My point here is not that it is easy to create companies in science & Engineering space in Nigeria but that many Science & Engineering graduates lack the skills / curiosity to do so in the first place having only choose those courses for PECUNIARY gains alone.
You are not far from the truth
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by gwinaB(m): 5:49pm On Nov 08, 2021
Just perform well in whatever department you find yourself, shun office politics and be amiable with everyone. No further degrees will give you promotion or reduce the chances of getting promoted. Banking is about the results you produce and not paper qualifications. Then you must write CIBN exam. If you getting any further degree or professional qualifications, please do so for personal development and probably to go out of banking but to grow in the banking industry, you need to produce results and get certified as a banker.

1 Like

Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by gwinaB(m): 5:55pm On Nov 08, 2021
Kenako:
As someone with a similar experience (Bsc & MSc Engineering) as you and having spent 14 years in the Bank and considering the happenings in Nigeria. I'll advise you thus: 1. Save up and leave the country and further your biochemistry profession 2. If you find the financial industry good enough; I'll still advise 1 above, but study something that will build your skill up using tech e.g. data science, distributed ledgers, there are a while lot of them; I'll personally not advise ACCA/ICAN except you have the deep interest in accounting/auditing, this is also based on experience, I have people in Nigeria with these degrees still stuck with no jobs or still in the bank and can't get jobs in these sectors because of no experience, if you're looking at moving out of the country then it's fine you get the certifications if they interest you.

All in all, the faster you leave the industry the better for you

A good advice. People always think getting MBA or Acca or ICAN gives promotion. When it's actually your job output, the perception of your supervisor and general office politics that determines promotion. Getting other life skills is far better than becoming a chartered this or that. Otherwise just get higher degree in your field or any other field that interest you. The only chartered paper required is cibn and that's because they were able to persuade cbn to make it very necessary for bankers especially when you are getting higher.

1 Like 1 Share

Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by ridbell01(m): 5:59pm On Nov 08, 2021
Have the saving and move out to start your own business or japa because is very hard to become a millionaire in banking legitimately
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by gwinaB(m): 5:59pm On Nov 08, 2021
arthurwillia:


Please how did you get offer in investment banking ?

As a fresher, just apply but if it's experience hire, then your previous job experience counts. High ticket marketers ( institutional banking, corporate banking etc) from commercial banks do get jobs in investment banks. People who work in specialised departments too get those jobs
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by Focusmind: 6:02pm On Nov 08, 2021
arthurwillia:


Please how did you get offer in investment banking ?

Early 2000s through the mid 2000 was the golden era of the Nigeria banking sector, recruiting thousands of graduates then, with social mobility.

Vetiva, Afrinvest, chapel hill dengam, Zenith capital, Diamond capital, FMDQ, IBTC, Intercontinental capital markets, oceanic capital, etc were some of the ones I did their tests. We were writing tests every month as One investment or commercial bank or the other would be recruiting.
Continue to check out with these investments banks. That'll. I think, one investment bank, coronation merchant bank is recruiting. Check out their site if it is still on.
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by slydog(m): 6:06pm On Nov 08, 2021
verybadmouth:
Enjoy your new job. Save up all you can and leave Nigeria for US or Canada for Master's. There you can exploit your potentials to the fullest. See that bank you're working with now at your tender age will use and dump you and make you unemployable because the job market will not be as favourable as it is now that you are young. So save enough money to fund a master's degree in US or Canada. Abeg. No dull yourself oo. You will make it with your biochemistry degree better than working in one yamayama yahoo yahoo Nigeria Bank.

Check my signature for your fastest route to getting your dream job.

I love this response. As a banker myself, this is the best response so far.
December next year will make me 9 years in the banking industry. Withing this period I have earned a masters and PhD degree. My anticipated checked out from banking is March next year. I'm also pursuing the Canadian dream.
My advise, give yourself a target of say 3 to five years, write the goals u want to achieve. Education? Very important to prepare yourself for the future. I pursued a PhD so that at the worse I become a lecturer or hunt govt appointment. This has also enabled me chase the Canadian dream,lol.
So plan. With fintech and the telecom giants going into financial services, trust me jobs in Bank will become even more u secured (its not even secured even at its best moment)
Banking should be your launching pad. Trust me, you will become a Professor far far far far more faster than growing from an entry level to become an AGM, DGM, GM, ED, and CEO.
Lemme give u an idea check from your ET level to a full manager level, check the number of levels, you'll get what I mean. Except you have someone giving 1bn deposit, I doubt u can climb higher every year in banking. It's been 9 years for me, just one promotion. But I'm happy with my degrees cos it's only a matter of time, tick tok

5 Likes

Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by Godson32(m): 6:21pm On Nov 08, 2021
See how OP is pronouncing Biochemistry like a market woman, Biochem indeed. Are u sure u re a professional Bsc holder Biochemist.
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by davidodiba(m): 6:58pm On Nov 08, 2021
sammirano2:
Na una no let accountants and bankers see job for the sector. Which kind country be this one? Biochem for bank. Nigeria is AiregiN.

Wetin you sabi Wey person who studied a wholesome Biochem can't do? What management course can withstand the brain-rocking enzymological studies or the glycolytic pathways or you talk about the many Microbiological studies engaged in? Go and sit down. Any dummy in the sciences can thriv3 in any other field ...
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by Nobody: 7:00pm On Nov 08, 2021
Babatundey4God:
I am very broke and in need of financial support. Please help me with #900 to buy CALCIMAX.
I hope this helps you sort one or two, take care, everything will be fine smiley

4 Likes

Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by arthurwillia(m): 7:05pm On Nov 08, 2021
Focusmind:


Early 2000s through the mid 2000 was the golden era of the Nigeria banking sector, recruiting thousands of graduates then, with social mobility.

Vetiva, Afrinvest, chapel hill dengam, Zenith capital, Diamond capital, FMDQ, IBTC, Intercontinental capital markets, oceanic capital, etc were some of the ones I did their tests. We were writing tests every month as One investment or commercial bank or the other would be recruiting.
Continue to check out with these investments banks. That'll. I think, one investment bank, coronation merchant bank is recruiting. Check out their site if it is still on.

Wow you’ve come a long way, I’m asking for my junior brother , he just finished service and also now chartered, so i want a good job for him

Thabks
I’ll tell him about the merchant bank
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by arthurwillia(m): 7:09pm On Nov 08, 2021
gwinaB:


As a fresher, just apply but if it's experience hire, then your previous job experience counts. High ticket marketers ( institutional banking, corporate banking etc) from commercial banks do get jobs in investment banks. People who work in specialised departments too get those jobs

Thank you so much
But it’s for my brother
He just got chartered

How can he get jobs
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by gwinaB(m): 7:13pm On Nov 08, 2021
arthurwillia:


Thank you so much
But it’s for my brother
He just got chartered

How can he get jobs

Chartered in what?
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by arthurwillia(m): 7:18pm On Nov 08, 2021
gwinaB:


Chartered in what?

Acca chartered
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by penzino(m): 7:32pm On Nov 08, 2021
Janeeee:
Good evening guys.

I studied Biochemistry at the University and was recently employed in one of the banks in Nigeria.
I'm not a contract staff so the pay is quite okay for entry level.
Seeing the way most of my mates from school are still struggling to get jobs with our B.Sc Biochem certificate, I know for sure that I'm really lucky to be where I am because the job market in Nigeria is not favourable to my course at all.

Please anyone with prior experience, those that have been in my shoes before, how did you advance in your banking career? What courses can I take? What plans do I make? How many years will you advise I dedicate to different phases in this career?

Please I need as much tips as I can get.
I'm really confused. I love my job and I want to grow but I don't know how to go about it seeing that I studied an entirely different course from what I do now.

Your responses will be greatly appreciated. Thanks in advance
better register with cibn and get Chartered, or go into IT audit, get IT related certifications. That's your best bet
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by sammirano2: 7:41pm On Nov 08, 2021
davidodiba:


Wetin you sabi Wey person who studied a wholesome Biochem can't do? What management course can withstand the brain-rocking enzymological studies or the glycolytic pathways or you talk about the many Microbiological studies engaged in? Go and sit down. Any dummy in the sciences can thriv3 in any other field ...

This mentality is why we are where we are, were and where we are going.
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by ghettochild(m): 8:16pm On Nov 08, 2021
My friend did biochemistry as well n hes working in.the bank.till date
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by ghettochild(m): 8:17pm On Nov 08, 2021
My friend did biochemistry as well n hes working in that bank till date
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by brandsoncharlie: 8:29pm On Nov 08, 2021
sammirano2:

embarassed which test demblast? So banking is about all that? Na una no go ever let Nig banks reach that level. Go to Goldman Sachs or BOA and see what is called banking. Biochem for bank? Naija
What are you talking about? Do you know his role and courses he studied that made him qualify..
I know a civil engineer with bsc in civil engineering studied engineering economics as a course in school and was working in a bank with such proficiency.
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by YaQsGaYa(m): 8:44pm On Nov 08, 2021
For God sake with biochem what took you to banking industry? This country ehn? While people with bis admin,marketing are loitering the streets searching for job. Bross abeg abeg leave us alone kawai...
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by SATANlST: 9:06pm On Nov 08, 2021
useless people, i remember when my guys that read this useless course lookd at us doing other courses like shit. u will never advance my friend. cyber ti take over
Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by gwinaB(m): 10:14pm On Nov 08, 2021
arthurwillia:


Acca chartered

He should check accounting firms or any organisation that needs accountants. They are usually many. If he is on telegram, he can join amazin careers, BizMate, Epicrich etc. They always share vacancies.

1 Like

Re: How Can I Advance In My Career In The Banking Industry With A Biochem Degree? by Guzx: 11:41pm On Nov 08, 2021
New deg

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