Graduate Labor Market of the Banking Industry - Essay Example

Careers available in the industry are relatively attractive, and the opportunities are numerous. A statistical representation of the rate of unemployment for persons below 25 years from 1969 till 2012

Accounting is one of the overriding career choices that are highly marketable in the banking sector (Clement, 2003). It requires people with requisite analytical skills, accurate performance, and arithmetic techniques. Due to the current competitive market and uncertainties surrounding the future of the financial market, strategic management is proving to be a very essential career choice. It involves exceptional statistical and economic analytical talent. Securities and financial analysts also find a significant role in the banking sector among other careers (Clement & Williams, 1989). It is fundamental that a student performs in school and attains better grades, but this is not all as observed by the employers. The current career choice and job placement require a graduate to show competencies beyond the class performance and be able to solve the practical problems in society (Great Britain, 2010). This begins with even Curriculum Vitae presentation where one needs to show abilities and attributes that match the requirements of the financial market.

Any graduate seeking to advance his/her career in banking must-have skills that present a resolution to the bank’s placement descriptions (Bonanno & Cavalcanti, 2011). It is imperative that a graduate shows an exemplary command of written and spoken English as this shows required communication skills and competencies crucial in this sector. Such abilities may be subjected to test especially during interviews where the aptitude test and oral interview will expose the graduates’ ability (Field, 2002). In order to achieve greatness in this industry, one needs to join reputable institutions and exhibit high standards of discipline (Clark & Daunton, 2000).