Go Back  British Expats > Living & Moving Abroad > Canada
Reload this Page >

working in banks??

Wikiposts

working in banks??

Thread Tools
 
Old Dec 14th 2009 | 11:47 pm
  #1  
Thread Starter
Just Joined
 
Joined: Apr 2009
Posts: 5
mac123 is an unknown quantity at this point
Default working in banks??

So im a permanent resident with a bcomm and my major was in banking and finance. Ive been trying to find work in banking for the past 4 months and im told the only way is to apply on the websites so ive been trying this and i havnt even had an interview yet.

Does anyone have any suggestions? Should I go to the different branches in person with my resume/cover letter in hand??

Any advice would be much appreciated...
 
Old Dec 15th 2009 | 12:01 am
  #2  
Analyst for hire
 
Joined: Jan 2007
Posts: 1,698
From: Toronto
Ben W Bell has a reputation beyond reputeBen W Bell has a reputation beyond reputeBen W Bell has a reputation beyond reputeBen W Bell has a reputation beyond reputeBen W Bell has a reputation beyond reputeBen W Bell has a reputation beyond reputeBen W Bell has a reputation beyond reputeBen W Bell has a reputation beyond reputeBen W Bell has a reputation beyond reputeBen W Bell has a reputation beyond reputeBen W Bell has a reputation beyond repute
Default Re: working in banks??

Do you have any actual experience of working in banks? It would help.

Also do you have the Canadian Securities Certificate? A lot of jobs in banking seem to want you to have it.
 
Old Dec 15th 2009 | 12:20 am
  #3  
Thread Starter
Just Joined
 
Joined: Apr 2009
Posts: 5
mac123 is an unknown quantity at this point
Default Re: working in banks??

No I dont have any experience, I only graduated in May. I dont have the CSC yet either but im going to take it in the new year so maybe il have a better chance then.

Any other suggestions?
 
Old Dec 15th 2009 | 12:54 am
  #4  
Banned
 
Joined: Oct 2008
Posts: 3,824
From: the GTA
Auld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond repute
Default Re: working in banks??

Banks in Canada seldom advertise for employees at branch level. All banks have an internal posting system so if I, as an employee, have a relative/friend needing a job I can keep checking the job posting site for positions suitable for my contact. Many/most positions in branches are filled this way. With a B.Comm (assuming it's from a good university) you should go in person to the banks' head offices, including their investment arms and present yourself, resume in hand. I noticed that Nesbitt Burns (investment house for Bank of Montreal) was recently advertising for people to train as Investment Advisors.
Also banks in Canada are always on cost reduction programmes, consequently much competition for positions.
 
Old Dec 15th 2009 | 6:18 am
  #5  
mandymoochops's Avatar
Sawdust making harpy
 
Joined: Sep 2007
Posts: 11,291
From: Alberta
mandymoochops has a reputation beyond reputemandymoochops has a reputation beyond reputemandymoochops has a reputation beyond reputemandymoochops has a reputation beyond reputemandymoochops has a reputation beyond reputemandymoochops has a reputation beyond reputemandymoochops has a reputation beyond reputemandymoochops has a reputation beyond reputemandymoochops has a reputation beyond reputemandymoochops has a reputation beyond reputemandymoochops has a reputation beyond repute
Default Re: working in banks??

Originally Posted by mac123
So im a permanent resident with a bcomm and my major was in banking and finance. Ive been trying to find work in banking for the past 4 months and im told the only way is to apply on the websites so ive been trying this and i havnt even had an interview yet.

Does anyone have any suggestions? Should I go to the different branches in person with my resume/cover letter in hand??

Any advice would be much appreciated...
Yes unfortunatley I know BMO only accepted applications vis their website.

What sort of position are you looking for?

If it is at branch level then my advice would be to call a branch - find out who the area manger is and email them - worm your way in that way. (I bumped into the manager of the branch I ended up working with, had a chat a laugh and a coffee with her and ended up getting the job through her recomendation - if it wasn't for this I suspect i would never have heard back either).

The auto screening process for the online application is probably what has resulted in your lack of contact.
 
Old Dec 15th 2009 | 6:56 am
  #6  
Lord Vader's Avatar
BE Troll
 
Joined: Feb 2009
Posts: 1,708
From: Upper Atmosphere
Lord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond repute
Default Re: working in banks??

Originally Posted by mac123
So im a permanent resident with a bcomm and my major was in banking and finance. Ive been trying to find work in banking for the past 4 months and im told the only way is to apply on the websites so ive been trying this and i havnt even had an interview yet.

Does anyone have any suggestions? Should I go to the different branches in person with my resume/cover letter in hand??
Any advice would be much appreciated...
It never hurts to do that. You may have the same result that Mandy did.
 
Old Dec 15th 2009 | 4:37 pm
  #7  
burton bunch's Avatar
BE Forum Addict
 
Joined: May 2006
Posts: 4,250
From: Lethbridge AB
burton bunch has a reputation beyond reputeburton bunch has a reputation beyond reputeburton bunch has a reputation beyond reputeburton bunch has a reputation beyond reputeburton bunch has a reputation beyond reputeburton bunch has a reputation beyond reputeburton bunch has a reputation beyond reputeburton bunch has a reputation beyond reputeburton bunch has a reputation beyond reputeburton bunch has a reputation beyond reputeburton bunch has a reputation beyond repute
Default Re: working in banks??

Hi

I tried for months to get a job within a bank in town - no banking experience but 12 years of cash handling and controlling.

Was only when my cousin said that there was movement in the marketplace here in town, gave me the name of the CSM and told me to right her (my cousin's) name on the top of the resume did I get anywhere.

Have been working there now for 4 weeks but without this little leg up the ladder I had NO luck at all.

As others have said get the name of someone who is at your local branch, or friendly with the receptionist there and gradually worm your way in. I think that Banking in Canada totally proves the importance of the good old phrase "networking".

Good luck
 
Old Dec 16th 2009 | 1:17 am
  #8  
Banned
 
Joined: Oct 2008
Posts: 3,824
From: the GTA
Auld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond reputeAuld Yin has a reputation beyond repute
Default Re: working in banks??

If the thread poster has a B.Comm degree I fail to understand why he would want to work in branch banking. With such an education he should be looking for employment much further up the ladder, probably in Investment Banking. An entry level position paying $25k p/a wouldn't/shouldn't satisfy him.
 
Old Dec 16th 2009 | 2:37 am
  #9  
 
Joined: Aug 2005
Posts: 14,227
Alan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond repute
Default Re: working in banks??

Originally Posted by Auld Yin
If the thread poster has a B.Comm degree I fail to understand why he would want to work in branch banking. With such an education he should be looking for employment much further up the ladder, probably in Investment Banking. An entry level position paying $25k p/a wouldn't/shouldn't satisfy him.
I was thinking that. His best bet is Toronto and hawking himself around the investment banks based there.
 
Old Dec 16th 2009 | 4:28 am
  #10  
Thread Starter
Just Joined
 
Joined: Apr 2009
Posts: 5
mac123 is an unknown quantity at this point
Default Re: working in banks??

Originally Posted by Auld Yin
If the thread poster has a B.Comm degree I fail to understand why he would want to work in branch banking. With such an education he should be looking for employment much further up the ladder, probably in Investment Banking. An entry level position paying $25k p/a wouldn't/shouldn't satisfy him.
Well I was hoping to get into investment banking but again I thought the only way was through the websites and I have been applying for better positions with no luck so I thought that if I could get a foot in the door it might be easier to move up/transfer to different areas within the bank.

Maybe thats not the right attitude to take though?

Is there anyone on here who works in investment banking? If so, how did you get into it and did you have any previous experience?

P.S. my degree is from UCD in Dublin.
 
Old Dec 20th 2009 | 4:32 pm
  #11  
Forum Regular
 
Joined: Jul 2008
Posts: 156
calgarylady has a brilliant futurecalgarylady has a brilliant futurecalgarylady has a brilliant futurecalgarylady has a brilliant futurecalgarylady has a brilliant futurecalgarylady has a brilliant futurecalgarylady has a brilliant futurecalgarylady has a brilliant future
Default Re: working in banks??

you guys have made some important points, its all about networking. I live in Calgary, NW, and there are 3 banks in the mall near my house , will visit them soon. I am also planning to start my career in the banking sector soon . will like to start with 2 days of the week cos of child care. Am rounding up my MBA program and I guess i will go get the Canadian Securities Certificate .
 
Old Dec 20th 2009 | 5:01 pm
  #12  
Lord Vader's Avatar
BE Troll
 
Joined: Feb 2009
Posts: 1,708
From: Upper Atmosphere
Lord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond reputeLord Vader has a reputation beyond repute
Default Re: working in banks??

Originally Posted by mac123
Well I was hoping to get into investment banking but again I thought the only way was through the websites and I have been applying for better positions with no luck so I thought that if I could get a foot in the door it might be easier to move up/transfer to different areas within the bank.

Maybe thats not the right attitude to take though?

Is there anyone on here who works in investment banking? If so, how did you get into it and did you have any previous experience?

P.S. my degree is from UCD in Dublin.
All of the main 5 chartered banks have their own investment divisions. There are many other financial services companies out there as well. In addition to a background or a degree from a university, in many cases you will need to complete a course from the Canadian Securities institute depending on what you want to do. This acts like the governing body for the industry. If you get in with a financial institution they will likely pay for the courses for you. Getting your foot in the door is what I would do if I were you. I would try and arrange a face to face visit with a manager, even if it meant walking in and saying hello to them in person rather than an email.
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Your Privacy Choices

Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.