The job market in banking, finance and insurance (commonly known as BFSI) is getting tougher every year. With strict regulations and increased competitive pressures, it’s becoming harder for any company to keep their job offers stable. However, that doesn’t mean you should give up on this vocation just yet. In fact, there are many ways you can get ahead in the field if you work hard enough. Read on for some expert tips on how to break into the BFSI industry and make it your new calling instead of a temporary job.
Register for professional development courses
The best way to break into the BFSI industry is to participate in professional development courses. In addition to providing you with a practical understanding of the finance and banking world, these classes can provide networking opportunities and help you build your resume. If you have an interest in business management, for example, then consider taking a management course. Additionally, it’s advised that you take English speaking courses as well as a computer skills course so that you are well-rounded and prepared for any job you apply for.
Network and attend industry events
If you want to advance in the banking industry, you need to network and attend industry events. Networking is important because it helps you maintain relationships with people in your field. At these events, you can make connections and learn more about how to break into the BFSI industry as well as how to build your career. One way of networking is by attending roundtables or expositions geared towards bankers. These events are always great places to meet other professionals like yourself. Another option for networking is by joining an online forum or online community. You can research forums based on the type of work you do or your own interests, and then join a group that matches your personality and skill set.
Earn your stripes at the back-end
Many people think you can’t get ahead in the BFSI industry if you don’t have a finance background. However, many of the world’s most successful BFSI leaders didn’t have a finance degree. The best thing to do is earn your stripes at the back-end: start out in accounting, marketing, or human resources so that when it comes time for promotion, you already know how to navigate the front-end. Banks also often hire students and recent graduates with little experience because their work ethic and willingness to learn are usually enough to fill any gaps in knowledge. Getting into the company through this route will give you some valuable skills while allowing you to avoid taking on any extra risk that comes with being an entry-level employee who doesn’t yet have experience.
Learn to code
In order to keep up with the latest trends in BFSI, you must be able to code. With more and more companies looking for coders, there are plenty of opportunities out there. Learning how to code is one of the best ways to break into a tough job market.
Shout from the rooftops
The first step is to make sure people know you exist. You can do this by being active on social media, attending industry events and networking with other professionals who share your interests. It doesn’t hurt to be an active participant on the job market either. This will show recruiters that you are passionate about what you do and that you are hungry for new opportunities.
your blog post with a list of tips on how to break into the BFSI industry 1. Get experience in finance and insurance First, you need experience. And not just any experience; you need real-world experience. There are many ways to get this type of experience if you’re looking for a temporary or full-time job. You can volunteer your time at an organization that helps people with finances and insurance issues. You can also work at a bank or insurance company without directly dealing with customers by engaging in administrative tasks like accounting, budgeting, and more. If you don’t want to take these risks, consider taking classes in financial planning, investment analysis, and risk management so you can understand the basics of BFSI before applying for a job. 2. Develop a network Next, make sure you have connections! It’s important to build relationships with key players in the field because they will be your first connection when applying for jobs later on down the road. Investing time and energy into building these relationships will not only help you get ahead but also help pave your path towards long-term career success. 3. Be proactive Finally, be proactive about your career search! The best way to do this is through networking events and conferences that give professionals in BFSI opportunities to share their knowledge and experiences as well as find new opportunities for themselves or others within their network.