₦airaland Forum

musco4me:
imagine a geologist like me in the bankn sector! Its nt funny. I read geology and graduated wit good grades yet am in bankn.

Breadfruit:
Of course there are. Just that its a head office thing and what are the odds of you being taken to head office??

lastpage:

Its the same "fear of the unknown" especially if one is the type that lacks focus and foresight!

What will most "come back home" to"?
House dem nor build!
Lands, them nor acquire!
Going-business, dem nor start!
Shares wey dem buy don turn worthless pennies!
Boyz wey dem leave for yonder don turn to "bigger" boyz!

You wan t make shame kill them?
For abroad, shame nor dey o, afterall, Prime Minister dey enter train and CEO dey drive himself.

Make dem kuuku stay-put, E go better......if you dey play lottery



Lastpage!

douchesnozzle:
The way people are castigating bank job makes me wonder if I work in the same bank. Banking is really stressful I must say but if u are a core staff the pay is very commensurate with the stress. The problem is most people want to take home a six digit pay for doing nothing. I worked in an IT firm immediately after NYSC which was as stressful as my current job but the salary is not up to what I get as meal allowance currently.
I ditched a state civil service job for my current job and I have never regretted it. The stress is there but when I remember the alert that wakes me up on the 3rd week of every month I don't remember the stress anymore.
I have achieved in less than 2yrs what I wouldn't have achieved if I was in the Civil service or my previous job in 6yrs.
I have friends with nice grades who are doing teaching jobs for less than 50k monthly. I need not tell you how stressful such jobs are plus the irregularities of the pay hence planning becomes difficult.
If you find yourself as a permanent staff you should be grateful cos thousands if not millions won't mind dat job for double the stress sef.

PS..am writing this from the perspective of a permanent staff of a bank, I know it's a different experience as a contract staff. The bottom line is to have an exit plan and develop yourself while on the job. Bad mouthing a job that pays your bill or has been a stepping stone to where you are today isn't cool..

musco4me:
imagine a geologist like me in the bankn sector! Its nt funny. I read geology and graduated wit good grades yet am in bankn.

Guitarlife:
Banking is a rewarding job. Not a career in Nigeria. Its best you quit at most 30 years. Unfortunately most people realise this too late and they are stuck.

Most people are lazy too. They tend to relax once they get a job.

Man must aspire and pursue a dream.

For me banking is a phase, and till then...Godwin.

I work in Banking operations and I am working at crossing to lecturing or quiting to pursue a Ph.D.

Thavybe:
mcpat Check this out

Helkayklassic:
People who travels oversea will always keep to their anthem of "ko easy" yet they will be living large. I am ready to face the stress as long as the salary is rewarding, any help on securing the job will be appreciated.

Nevee:
Wow! Good read right from the first page, I can only pray God blesses all those who made relevant contributions. Well, I have always had this "thing" (passion) for banking since childhood. I see bankers as super smart- Sanusi Lamido, Atedo Peterside, Otunba Subomi, Fola Adeola, the Late Tayo Aderinokun et.al comes to mind. However, all I have been hearing lately are not encouraging, they only threaten my passion for this revered profession. From allegations that it has been reduced to bringing in deposits by all means (hook or crook) and littering every street with "marketers" whose countenance is even enough to dissuade people from opening accounts and all that. We have heard them, seen them and read them in the papers. If they are so true, I think it ridicules the intelligence of the employees because I am, for instance, more of a "strategy" person and not just the "bros, do you have an account with us?" type. I even heard that a major criterion for finally getting an offer with one bank (I resist the urge to mention the name) after surviving the rigour of tests and interviews, is bringing in an initial deposit of nothing short of 2 million naira.

That said, I won't be deterred to ask some vital questions, now that I can get reliable answers here:

1) What really gets you ahead (executive/top management) in banking? Is it academic feat (Msc. MBA)/professional qualifications (ICAN, CIBN, CIS, CIBN etc) or years of banking experience or just your ability to bring in deposits? I have seen a couple of relatively young guys holding managerial and executive positions in bank excluding Uzoma Dozie of Diamond, Ladi Balogun of FCMB as it is widely opined that they smoothly rode on their fathers' influence to get such positions.

2) Some have argued that having work experience in consulting (especially with the Big 4's) is a better route to getting in and ahead in the banking industry. However, I have noticed that most guys from consulting are usually placed in Compliance which I feel limits their growth prospects. Kindly clarify.

3) What role, function or department would give an experience that would be useful in other industries?

4) Does carving a niche really makes you indispensable? I have been developing interest in Risk Management lately and I intend to take courses in this sepcialization and perhpas do my Msc therein or any other Finance related field (maybe Investment Banking) .

I think that is all, at least for now. God bless you more as you respond.

Pardon me for the quite lengthy post, it's my little way of optimising this rare opportunity.

PS: Had a brief stint during my undergrad days with one of the South African banks in Nigeria and it was a worthwhile experience probably because they believe so much and are guarded by their values.

Cc: Breadfruit, lastpage and others

Nevee:
Wow! Good read right from the first page, I can only pray God blesses all those who made relevant contributions. Well, I have always had this "thing" (passion) for banking since childhood. I see bankers as super smart- Sanusi Lamido, Atedo Peterside, Otunba Subomi, Fola Adeola, the Late Tayo Aderinokun et.al comes to mind. However, all I have been hearing lately are not encouraging, they only threaten my passion for this revered profession. From allegations that it has been reduced to bringing in deposits by all means (hook or crook) and littering every street with "marketers" whose countenance is even enough to dissuade people from opening accounts and all that. We have heard them, seen them and read them in the papers. If they are so true, I think it ridicules the intelligence of the employees because I am, for instance, more of a "strategy" person and not just the "bros, do you have an account with us?" type. I even heard that a major criterion for finally getting an offer with one bank (I resist the urge to mention the name) after surviving the rigour of tests and interviews, is bringing in an initial deposit of nothing short of 2 million naira.

That said, I won't be deterred to ask some vital questions, now that I can get reliable answers here:

1) What really gets you ahead (executive/top management) in banking? Is it academic feat (Msc. MBA)/professional qualifications (ICAN, CIBN, CIS, CIBN etc) or years of banking experience or just your ability to bring in deposits? I have seen a couple of relatively young guys holding managerial and executive positions in bank excluding Uzoma Dozie of Diamond, Ladi Balogun of FCMB as it is widely opined that they smoothly rode on their fathers' influence to get such positions.

2) Some have argued that having work experience in consulting (especially with the Big 4's) is a better route to getting in and ahead in the banking industry. However, I have noticed that most guys from consulting are usually placed in Compliance which I feel limits their growth prospects. Kindly clarify.

3) What role, function or department would give an experience that would be useful in other industries?

4) Does carving a niche really makes you indispensable? I have been developing interest in Risk Management lately and I intend to take courses in this sepcialization and perhpas do my Msc therein or any other Finance related field (maybe Investment Banking) .

I think that is all, at least for now. God bless you more as you respond.

Pardon me for the quite lengthy post, it's my little way of optimising this rare opportunity.

PS: Had a brief stint during my undergrad days with one of the South African banks in Nigeria and it was a worthwhile experience probably because they believe so much and are guarded by their values.

Cc: Breadfruit, lastpage and others

Guitarlife:
Banking is a rewarding job. Not a career in Nigeria. Its best you quit at most 30 years. Unfortunately most people realise this too late and they are stuck.

Most people are lazy too. They tend to relax once they get a job.

Man must aspire and pursue a dream.

For me banking is a phase, and till then...Godwin.

I work in Banking operations and I am working at crossing to lecturing or quiting to pursue a Ph.D.

Ezionye:
Hello

It is two years gone. Just wanted to find out how far you have gone with the lecturing or PhD dream

Cheers

Guitarlife:
Wow I am very humbled by this .
Okay I was earlier in brn ops( counting cash) but I managed to move to IT about 6 months ago and I am presently learning very relevant skills to the programme I have decided to pursue at Ph.D level.
I am hoping to secure a scholarship for the Ph.D but I am yet to start applying. I am taking my time to learn very relevant areas of my future research. Hopefully in the not too distant future say a couple months from now I'd start pushing hard for the ph.d applications.

I am grateful for your care.

Nevee:
Guitarlife, can you help us with the questions above?

Guitarlife:
Wow I am very humbled by this .
Okay I was earlier in brn ops( counting cash) but I managed to move to IT about 6 months ago and I am presently learning very relevant skills to the programme I have decided to pursue at Ph.D level.
I am hoping to secure a scholarship for the Ph.D but I am yet to start applying. I am taking my time to learn very relevant areas of my future research. Hopefully in the not too distant future say a couple months from now I'd start pushing hard for the ph.d applications.

I am grateful for your care.

Guitarlife:
Which question ?

Bamibor:
I suppose the poster is referring to the questions in the post I quoted just above.
Kindly offer us your inputs on them sir.
Thanks.

Guitarlife:
I wi give a comprehensive response when Ibget to work tomoro.

Nevee:
Wow! Good read right from the first page, I can only pray God blesses all those who made relevant contributions. Well, I have always had this "thing" (passion) for banking since childhood. I see bankers as super smart- Sanusi Lamido, Atedo Peterside, Otunba Subomi, Fola Adeola, the Late Tayo Aderinokun et.al comes to mind. However, all I have been hearing lately are not encouraging, they only threaten my passion for this revered profession. From allegations that it has been reduced to bringing in deposits by all means (hook or crook) and littering every street with "marketers" whose countenance is even enough to dissuade people from opening accounts and all that. We have heard them, seen them and read them in the papers. If they are so true, I think it ridicules the intelligence of the employees because I am, for instance, more of a "strategy" person and not just the "bros, do you have an account with us?" type. I even heard that a major criterion for finally getting an offer with one bank (I resist the urge to mention the name) after surviving the rigour of tests and interviews, is bringing in an initial deposit of nothing short of 2 million naira.

That said, I won't be deterred to ask some vital questions, now that I can get reliable answers here:

1) What really gets you ahead (executive/top management) in banking? Is it academic feat (Msc. MBA)/professional qualifications (ICAN, CIBN, CIS, CIBN etc) or years of banking experience or just your ability to bring in deposits? I have seen a couple of relatively young guys holding managerial and executive positions in bank excluding Uzoma Dozie of Diamond, Ladi Balogun of FCMB as it is widely opined that they smoothly rode on their fathers' influence to get such positions.

2) Some have argued that having work experience in consulting (especially with the Big 4's) is a better route to getting in and ahead in the banking industry. However, I have noticed that most guys from consulting are usually placed in Compliance which I feel limits their growth prospects. Kindly clarify.

3) What role, function or department would give an experience that would be useful in other industries?

4) Does carving a niche really makes you indispensable? I have been developing interest in Risk Management lately and I intend to take courses in this sepcialization and perhpas do my Msc therein or any other Finance related field (maybe Investment Banking) .

I think that is all, at least for now. God bless you more as you respond.

Pardon me for the quite lengthy post, it's my little way of optimising this rare opportunity.

PS: Had a brief stint during my undergrad days with one of the South African banks in Nigeria and it was a worthwhile experience probably because they believe so much and are guarded by their values.

Cc: Breadfruit, lastpage and others

Breadfruit:
Hello all.

I don't think there is a thread like this at the moment.
I am a banker, a marketer.

We all know it hasn't been a walk in the park for the banking industry in recent times-job loss, the gruelling schedule, the politics. the killing targets, manipulative colleagues, the economy and so on.

For current bankers, how do you survive as a banker and keep your head above water?

For ex bankers, how is life outside banking? Did you quit? Were you pulled out by the lure of another job or were you sacked?


https://www.youtube.com/watch?v=_nU9efy_XYo
Soon to be bankers, how prepared are you for the banking life?

Personally, as a marketer, it's not funny. I guess that's why people say bankers are stingy, as money is not made as easily as a civil servant would for example. So someone like me is as careful as can be when it comes to money.

Please let us all interact as adults.