Trending Reasons Why Ladies and Guys Should Not Be A Banker

February 26, 2015 9:02 am

Kike decided to walk back home after a 10 kilometer commute to her
Uncle’s house. She felt she needed to ponder over the advice her uncle
just gave her. A few days earlier she had received a call from him
raising her hopes that he could use his position as a major stakeholder
in a bank to help get a job. Kike read architecture in school but had no
plans of practicing as an architect.

She just wanted to start earning cool cash just like some of her friends
currently do. After all, her brother is a chemical engineer but is
currently a senior manager in a bank. The advice from her uncle dented
her ego immensely; she still doesn’t know how to react.

Why should her uncle give her the following reasons not to be a banker…You work an average 10 hours
Banks typically open to customers by 8am and close to customers between
4pm to 5pm. However, the same does not apply to employees of these banks
who work for almost 12 hours. An average banker works between 7.30am to
6pm and for employees on essential services it can last for as much as
12 hours (8am-8pm). If you are not up for working long hours for someone
else then you probably should not consider being a banker.

You have no time for friends and family
Banking services require a lot of attention, dedication and
concentration. When you work for about 10 hours daily there is hardly
time to attend to some of the most important things in life such as
spending time with family. Most young couples who are bankers often find
little time to play with their kids or help then with school work or
attend school activities. The negative consequences of this cannot be
over emphasized.

You leave home early and get home late
We talked about having to work 10 hours daily however, that is not all,
if works starts for you by 7.30 then you probably need to be at work one
hour earlier. To beat the traffic and get to work earlier means leaving
your house as early as 6 am. An average banker wakes up 5 am just to
get to work before 7.30am. They also leave much later than most other
professions. Most banks hardly keep to the nine to five rule and despite
that, they do hardly pay overtime allowances for the extra time you put
in.

You get fired very easily
The banking sector is quite exposed to a lot of regulatory and cyclical
risk. When the economy is bad like it currently is, they are quick to
run up cost as revenues declines. They also face increase in bad loans
as most companies groaning under the risk of economic crunch struggle to
pay back loans. When this happens, banks are forced to cut down cost
hence the need to ‘downsize’ employees. 

Typically, decisions like this affect even the hardest working staff. It
doesn’t matter if you work 24 hours or sleep over during the weekend.
Most times when you get fired, you have no place to go because you are
brain-drained. Imagine if Kike gets fired after working for five years.
Surely she will find it difficult going back to architecture. In
addition, a little mistake can get you fired regardless of your past
record.

The most hardworking doesn’t mean the most rewarded
Banking is a service oriented job where money is made by earning high
returns from customer deposits. Therefore, even if an operation staff
works from 7am to 9pm every day, he will likely get less reward from a
marketer who works 8am to 5pm every day but brings in the cash. The
marketer only just needs to meet his or her targets in terms of
deposits. Though an equally difficult task considering the apparent
hazards, the difference however is that a marketer’s achievement is
quickly noticeable hence likely to be rewarded more often.

Promotions take too long to come by
These days banking is a bit more like the civil service. In the
nineties, a ten year working experience can fetch you a senior
managerial position. Career development was fast tracked at the time as
the new generation banks at the time sought new talents. It is not that
way these days as you probably need to work twice as long to attain the
same position as you would back them. It could take you as long as ten
years to become an assistant manager. Promotions in banks probably come
every other two years and it is not certain that you will get it.

Risk using your salary to pay for lost money
There are numerous risks associated with working in a bank and the major
one is losing money. It is likely, that you might come across a
transaction that might warrant you losing the bank’s money. Typically
when that happens you might be asked to refund the money from your
salary. The bank will just debit your salary for the whole amount or
deduct it over time. The alternative to this might be losing your job.

These are just examples that you need to consider and talking to a
banker may even reveal more things to you. Banking is a noble profession
and can be very rewarding if you work hard, add more academic
qualifications and have some luck. However, it is not a bed of roses.

by Ugodre Obi-Chukwu for Punch

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