Banking is a huge field that incorporates a myriad of jobs. Whichever field you have pinpointed or mastered will determine the kind of job you are looking for – and the kind of job you are likely to get.
But, whether you are punting for a job as a bank teller, a loan officer, a financial investor, or a financial manager, unless you have very special contacts, you’re going to need a compelling resume that recruiting personnel will notice.
That’s where we can help. Read on to learn tips and examples of how you can tailor your resume for any job you like.
Resume objective for banking
Banking is an enormously diverse field that attracts people of all ages, ambitions, and aspirations. What many of them have in common is the dedication and determination to be able to manage money and see it grow – not necessarily for them, but for customers and/or clients.
Whichever field of banking you have chosen to work in, like all large companies, financial institutions expect resumes to be clear, concise, skimmable, and accurate.
As the Tufts Career Center warns, you have less than 30 seconds to capture the attention of recruiters.
They suggest using keywords and the appropriate jargon, for example, those that relate to investment banking and asset management, or whichever field of banking you are targeting.
If you are applying for several different positions, do not use exactly the same resume. To make it as effective and eye-catching as possible, you must customize it. This requires careful attention to the job description as well as some research into the organization, industry, and the role you want.
A short, snappy objective at the top of your resume is a good way to make it stand out. Rather than the traditional objective, we recommend a summary statement that highlights your goals and qualifications.
Dedicated banking professional with more than five years of experience seeking the opportunity to become an investment banker. Highly motivated with exceptionally high financial ethics.
Resume skills for banking
Even though jobs are remarkably varied, jobs in the banking industry require a typical skill set that includes both hard and soft skills.
The U.S. Bureau of Labor Statistics (BLS) features several banking jobs in its Occupational Outlook Handbook, listing important qualities and skills for each.
For example, they say that financial managers, who work in many industries including banks and investment firms, need analytical, communication, math, and organizational skills. They should also be detail-oriented.
Bank tellers also need to be detail-oriented, and both math and customer-service skills are paramount.
Financial analysts often get jobs in banks. In addition to the skills highlighted for financial managers, they need to be able to make decisions.
Loan officers usually work in commercial banks. According to the Handbook, their most important skills are interpersonal, initiative, being able to make decisions, and being detail-oriented.
Investment bankers focus on securities, commodities, and financial service sales.
Personal financial advisors are basically private bankers or wealth managers, and, in addition to analytical, interpersonal, and math skills, they need speaking and sales skills.
The skills you include will be those that match the job opportunity you are pursuing. They may not be exactly the same as those we have listed.
Cash handling | Customer service | Communication | Math | Organizational | Detail-oriented | Interpersonal skills | Analytical | Decision-making
Banking work experience
In the banking world, there are always opportunities for talented people with the right skills and abilities to work their way up the ladder of success. For instance, if you started out as a bank teller, you could advance to a supervisory position or become a loan officer.
Financial managers might eventually work their way to become chief financial officers. Financial analysts commonly begin their careers by specializing in an investment field. As they gain experience, they may get the opportunity to become portfolio managers or fund managers.
According to The Greene Center for Career Education & Connections at the University of Rochester, it is quite acceptable to include internships, research, part-time, summer, and volunteer work in your banking resume.
However, you will need to make choices regarding what to include, especially if you have a lot of solid banking experience.
They also urge bankers to avoid using the words I and we and say it is much more effective to start each sentence with an active verb. This may be past or present tense.
We have chosen sample work experience examples from three different specialties. Obviously, when you write your resume, you will tailor it to the actual experience you have had, starting with the most recent.
Sample Work Experience
Trust Financial, GA
Commercial Banking Analyst, 2019 – 2020
Worked closely with senior commercial banking professionals in various areas of responsibility. These included client identification and discovery, pitch preparation and execution, and supported the ongoing servicing of clients.
- Conducted industry and company research using available resources to source prospect names. Identified and reviewed more than 1,500 prospect names.
- Tracked and sorted opportunities with guidance from the coverage team and started to pitch preparation on identified opportunities.
- Used available sales enablement tools to develop pitch materials in collaboration with the deal team.
- Assisted the coverage team with keeping the CRM system updated as needed.
- Supported the team lead with strategic projects for the coverage team.
Citi Bank, NY
Personal Banker, 2016 – 2018
Assisted with sales, products, and service activities in coordination with the customer service team. Delivered client services and acquired new relationships through the cross-sell of relevant products.
- Fostered relations with customers and helped to increase sales to individual consumer clients by more than 25%.
- Built more than40 business opportunities through Centers of Influence and recommended strategies to grow the consumer and small business client base.
- Handled small business credit requests up to $100K.
- Coached tellers and other branch staff on products and special programs.
Societe Generale, NY
Corporate and Investment Banking Internship, 2015
Six-month internship that provided exposure to large fixed income, equity, and commodity trading floors, as well as the company’s prime brokerage business and other banking activities.
- Calculated value-at-risk figures for the trading strategies of prime brokerage clients.
- Analyzed Trading Desk hedging strategies and risk exposures.
- Deconstructed client trading behavior to find opportunities to further product reach.
- Engaged clients directly in social settings to deepen client relationships.
Many people enter the banking industry with a high school or equivalent diploma. But many more opt for associate, bachelor, and even master’s degrees.
Qualifications required depend on the banking position you are applying for.
Most times, employers will look at a combination of education and experience. Typically, the higher your standard of education, the less experience they will require – and vice versa.
The job opportunity featured in our sample resume is a perfect example of a bank that wants someone with a master’s degree but will take on an applicant with a bachelors’ if they have at least five years of experience.
Entry-level jobs include personal banking and bank teller positions that require a high school diploma and sometimes a couple of years of experience.
Financial managers are usually expected to have at least a bachelor’s degree in business administration, accounting, or economics. Some opt for a master’s degree. Financial analysts are also expected to have at least a bachelor’s degree.
Typically, loan officers also need a bachelor’s degree, although when we sampled job postings we noticed that there are openings that don’t require a degree. Mortgage loan officers do, though, need to be licensed.
Investment bankers and personal financial advisors need a bachelor’s but often study further and get a master’s.
American University Washington, DC
Bachelor of Science in Economics, 2012 – 2015
Associate of Science in Financial Management, 2013 – 2014
Certified bankers are required to undertake continuing education to ensure that they maintain their knowledge and keep up to speed with new trends, as well as laws and regulations in the industry.
But even if you are certified, you might want to take a course now and then to increase your knowledge.
The Corporate Finance Institute (CFI), a leading provider of financial modeling and valuation courses, delivers programs and certifications on a global level.
While their focus is on financial analysts, they offer many practical courses that are ideal for other fields, including investment banking. They also offer less intensive courses for entry-level and junior bankers.
The American Bankers Association (ABA) also offers certifications as well as ongoing education and training including conferences and webinars, and online training.
- Accounting Fundamentals (CFI)
- Introduction to Corporate Finance (CFI)
- Math for Corporate Finance (CFI)
- Budgeting and Forecasting (CFI)
- Advanced Financial Modeling & Valuation (CFI)
- New Opportunities in Agricultural Banking (ABA)
- Marketing in Banking (ABA)
- The Banking Industry (ABA)
Certifications aren’t mandatory, but they are widely used in the banking industry to accredit banking professionals in specialized fields.
As the CFI states, being certified can enhance your reputation and help you to move closer to promotion, better pay, and the banking job of your dreams.
According to the CFI, the top seven banking certifications are:
- Chartered Financial Analyst (CFA)
- Certified Financial Planner (CFP)
- Financial Risk Manager (FRM)
- Chartered Alternative Investment Analyst (CAIA)
- Certified Public Accountant (CPA)
- Certified Management Accountant (CMA)
- Chartered Mutual Fund Counsellor (CMFC)
- Certified Banking & Credit Analyst (CBCA)
These certifications are offered by different bodies, each of which has different requirements.
For example, the CFA is administered by the Chartered Financial Analyst Institute. It opens doors for work as a financial analyst in investment banks, insurance firms, mutual funds, hedge funds, and consultancy firms.
The CFP is offered by the Certified Financial Planner Board of Standards. Incredibly tough, the course comprises more than 100 topics that range from retirement planning and insurance to stocks and bonds. Wealth management and private banking are typical career options.
ABA certification provides employers with evidence that you have the skills and knowledge to stay current in whichever field of banking you are employed in.
If you opt to be certified, you will be expected to maintain your certification via continuing professional education and regular exams.
Complete banking resume sample
We sampled scores of job posts before we wrote this article and decided on the advert below as the topic for our complete banking resume sample.
You will see that this job is for a corporate banker who has experience in investment banking, as a financial analyst, or in a related banking field.
It’s mainly the emphasis that is different because corporate bankers simply deal with companies rather than individuals. Some corporate bankers deal with small and medium-sized companies, but this job entails managing relationships with North American subsidiaries of very large Chinese companies.
Our sample resume shows that the applicant (potentially you) has been working for J.P. Morgan Chase Bank in New York for two years, but in a different division, servicing Latin American companies rather than Chinese corporates.
Five years of varied banking experience and an MBA in finance. Reading to take on a corporate leadership role. ABA and CBCA-certified. Looking for a long-term position that values total commitment.
M&A | Legal | Analysis | Deal team assets | Liability management | Research tools | Leadership | Interpersonal interaction | Analytical | Decision-making
Mizuho Americas, NY
Corporate & Investment Banking – consumer/Retail, Analyst, 2018 – 2020
Directly involved in the design, origination, structuring, and execution of mergers and acquisitions, equity and debt capital markets, leveraged finance, and other global products and services for existing and prospective Mizuho clients.
- identified key industry and product trends and provided input on pitch and deal materials to enhance the ultimate deliverable to the company’s clients.
- Facilitated and coordinated product group idea-generation and solutions development across a broad platform of global capabilities.
- Drafted client pitches and marketing materials including M&A, public/private debt, and equity capital markets.
- Syndicated bank financing and other internal documentation by coordinating internal and external resources.
- Assisted in financing structuring, underwriting transaction evaluation, preparation, due diligence, and execution
J.P. Morgan Chase Bank, NY
Corporate Banker, 2016 – 2017
Assisted with the analysis of investment banking credit. Coordinated the preparation and presentation of onboarding and credit requests to internal approval committees.
- Analyzed the organizational structure and decision-making processes of multinational Latin American corporations.
- Conducted business with hundreds of corporations in these countries.
- Executed transactions across corporate banking products including treasury services.
- Researched tools including FactSet and Bloomberg.
- Increased the division’s client-base by 34% within three years.
Price Waterhouse Coopers, NY
Corporate Finance M&A Intern, 2014 (summer)
Worked in the Mergers and Acquisitions (M&A) department offering innovative deal solutions to existing PWC clients. Part of the team that offered strategic advice to investors and companies undertaking mergers and acquisitions or investment opportunities.
- Trained to understand the PWC single set of expectations across geographies and career paths, to understand how they provide transparency on the skills bankers need as individuals to be successful and progress in their careers.
- Help clients by providing client-specific commercial insight, as well as market and competitor overviews, and investment/divestment advice and modeling.
- Briefed to help PWC clients move in the right direction to ensure maximum value for their companies.
- Awarded M&A Intern of the Summer of 2015.
Binghamton University School of Management
Lim College New York
Bachelor of Business Administration, 2011 – 2014
- Managing the Bank’s Investment Portfolio (ABA-facilitated)
- Investment Analysis
You need to make certain that your resume is tailored to the banking job you apply for. Our sample resume is targeted at investment banking which may not be your area of interest.
- Even though a resume objective or summary statement doesn’t appear on all banking resumes, it’s a great way to make your resume stand out. Just be sure to keep it short and to highlight your qualifications and goals.
- All banking jobs require similar skills, but you will need to pay careful attention to the job description to ensure that your skills match as closely as possible to what is wanted.
- Job posts often specify the experience they prefer or require candidates to have. If you don’t have the relevant experience, you may be better off looking for another position.
Tips from Experts
“Your investment banking resume must be only one page. Demonstrate relevant finance experience. It’s important to demonstrate that you’ve done some type of relevant work experience. If you’re able to get an internship somewhere, that is ideal. If not, then you can put in something such as a position as an officer in a student club. Either way, be sure to prove you have financial modeling and valuation skills.” – Scott Powell, MD and CCO CFI
“Your job search materials should be customized for each position and company. If your search is focused on one type of position, minor modifications to match the specific company may be fine, along with a cover letter that is tailored to that target company. If you are applying to a wider range of positions (e.g. finance and consulting), you will need to revise your resume in addition to creating a new cover letter. This customization is essential to your marketing and requires research about the role, organization, and industry.” – Career Advisor, Tufts Career Center
“To get an interview with an investment bank, your resume will be the first thing that hiring managers look at when deciding who gets their foot in the door. Highlighting key skills, relevant experience, and education is crucial to stand out among a crowd of other highly-qualified job candidates. Utilize key phrases and highlight unique qualifications in your resume and streamline your cover letter to get noticed without being too wordy.” – Marc Davis, Investopedia
Because there are so many different types of banking jobs, banking resumes must be tailored to each position. You might even be applying for different jobs in different sectors or departments. If so, amend each resume you submit to be sure that it is relevant.
Nevertheless, the tips and advice we have provided in this article will help you compile a compelling resume for any banking job.