How to become a banker in Egypt
If you like wearing and appearing all official wearing ties matched with (white) long-sleeved shirts, you should consider being a banker. Serious dressing matches the serious nature of the work. Further, if you have a good head for figures, fine attention to detail, and great interpersonal skills, you are the perfect person to consider a career path as a banker. Read on to know how to become a banker in Egypt if you are considering following this career path.
Further, if you have a good head for figures, fine attention to detail, and great interpersonal skills, you are the perfect person to consider a career path as a banker.
A career as a banker promises a secure career with a good salary, as well as plenty of opportunities for development and growth within the industry.
There are diverse roles for you as banker, or bank officer. You may be working in the retail sectors of banks, face to face with clients, behind the scenes balancing books, or working with loans, currencies or investments. In these different roles, a good head for figures, fine attention to detail, and great interpersonal skills are what you need to have a wonderful career in the bank.
Who is a Banker?
A career as a banker is one that involves many different duties and responsibilities. Each banker in the banking industry is unique in their own specific way and duty. Most of these bankers work in big corporates while others work for relatively smaller financial institutions.
Typically, a banker is one who gives financial advice to clients on how they can manage their finance. Their duties are mainly concerned with savings, loans, taxes, investments, and securities. The banker provides financial assistance to the clients as per their requirement and needs.
Qualities for a successful banking career in Egypt
- Leadership qualities
- Good interpersonal skills
- Analytical skills
- Numerical aptitude
- Problem solving skills
- Good communication skills
- Attention to details
- Stress management
What Does a Banker Do?
There are different roles for different types of workers in the bank. The financial industry in Egypt employs different types of bankers for these different roles, including personal, commercial and investment bankers. Generally, bankers spend many hours sitting at the desk.
Here are some of the daily tasks you might undertake as a banker:
- Processing deposits and withdrawals
- Opening and closing accounts
- Providing customer service
- Looking over and analyzing loan applications
- Communicating with colleagues
- Referring business to other department as required
How to become a banker in Egypt
To become a banker in Egypt, you need a minimum of a high school diploma. However, you should consider a bachelor’s degree in and/or internship. To gain an entry level role as a retail bank teller does not require any education other than your high school diploma.
A four year bachelor degree in business, finance, or accounting will be held in high regard by your employers.
- Complete your secondary school certificate
- Obtain a bachelor degree in business, commerce, accounting, economics, banking and finance, or any other field.
- Participate in an internship. This will provide experience in the field and understanding of banking policies and regulations.
- If you are planning on a career as a specialist or investment banker, you may need to gain an MBA with a focus on finance or business.
- A good idea is to complete your undergraduate degree, then your postgraduate studies can be pursued part-time while you are working.
Banker Salary and Career Path
Most bankers will begin their career in an entry level role, usually in retail bank branches where they will work on the frontline, assisting customers.
As you gain experience, you will be promoted to more involved roles, perhaps as a mortgage officer or business banker.
If you choose to, you can go on to a specialized role, for example international banking, finance, superannuation, human resources, commercial lending, public relations, advertising, or information technology.
How much does a Banker make in Egypt
The average salary for a Banker is EGP 4,700 per month in Cairo, Egypt Area.
The highest salary for a Banker in Cairo, Egypt Area is EGP 6,720 per month.
A person working as a Personal Banker in Egypt typically earns around 7,140 EGP per month. Salaries range from 3,430 EGP (lowest) to 11,200 EGP (highest). This is the average monthly salary including housing, transport, and other benefits. Personal Banker salaries vary drastically based on experience, skills, gender, or location.
List of Financial Institutions in Egypt
Below is the list of some of the financial institutions in Egypt. Please note that this list is not exhaustive. Only some selected banks are represented here:
- Credit Agricole
- HSBC Bank of Egypt
- Bank of Alexandria
- Qatar National bank (QNB)
- Commercial International Bank
- National Bank of Egypt
- Arab Banking Corporation
- banque du Caire
- Bank Andi