Studying masters in Banking. Worth it?

myright

okay thank you all for your responses.

I am definitely not going to go down the masters in banking route.

I want to land myself in a graduate role. I do believe I will be able to sell myself through my vast experience in life, ups and downs. I just need the right credentials to get me that opportunity with an employer.

It's not necessary that I become a retail bank manager. Although it would have been nice, as I am working as a cashier at present P/T. But I am oppend to other graduate opportunities in different industries too.

I know Business is a useless degree as I've already done that and even the people who got much better grades than me, got nowhere with it.

Psychology sounds appealing, for the people in recruiting, would you consider people with this masters degree?

I know some of you guys mentioned doing mathematics, but after research I think that will be punching above my weight. Most courses are suggesting that you need to have experience in doing Maths atleast at A levels ate a high standard. I have not studied that . I did economics and Business (double award). Which I got B,CC. I did Maths at a GCSE level and got a B. So i dont think its wise for me to go this route.

ViolaLass

myright wrote: »

It's not necessary that I become a retail bank manager. Although it would have been nice, as I am working as a cashier at present P/T. But I am oppend to other graduate opportunities in different industries too.

Work out what you want to do, rather than trying to pick a generic Masters that will impress recruiters.

opinions4u

It's not necessary that I become a retail bank manager. Although it would have been nice, as I am working as a cashier at present P/T

Look beyond the branch network.

Central roles are where the money is!

myright

Thats the problem. I really dont know what to do. So I need some strong advice of some of you guys.
Ive always been in work regardless of the level. I just dont have the right condentials to do anything better. I am not going to pretend I know what there is out there on offer. Cus I dont. I just want to utilise this year properly.

regprentice

as someone who works in finance in the head office of on of the big UK banks i have to say very few people have any 'banking' qualification. Those who do tend to be older, over 50, younger people tend to have more specific qualifications, from accounting/economics for finance to facilities managment for the people who manage the building.

There does still seem to be scope for people to move from branches to head office, though a lot of the 'starter admin' type positions have been offshored to india since the crunch. The Bank will tend to favour internal candidates where possible, though a short term secondment is generally the easiest start.

Study what you enjoy, i work in accounting, but the better people i have worked with have had actuarial/statistics/maths qualifications. A good/very good grade degree in roughly the right area is better than a average degree in exactly banking.

Goldiegirl

ahxcjb wrote: »

Then you need to learn how to use Google. The big 4 banks all have significant investments in graduate schemes in retail banking.

Why do I need to google graduate schemes in retail banking?

I have no interest in going back to retail banking.

My interest is retirement!

ViolaLass

myright wrote: »

Thats the problem. I really dont know what to do. So I need some strong advice of some of you guys.
Ive always been in work regardless of the level. I just dont have the right condentials to do anything better. I am not going to pretend I know what there is out there on offer. Cus I dont. I just want to utilise this year properly.

How do you plan to pay for this Masters?

If you don't know what you want, could you try volunteering in different areas to see what you fancy?

Moby_Tide

robatwork wrote: »

I think Business Studies is a waste of paper. Economics is more of an art than a science and if I was an employer in the banking sector then I would favour a graduate from a mathematics background.

I'd beg to differ. Business studies doesn't provide a specific discipline but covers a vast amount of disciplines that people tend to then specialise in. Maths and computer science will get you further in Investment Banking agreed, and in some technology areas but outside of that banks have retail/HR/operations/technology areas and many more that will look for skills in economics,personnel,business management, reporting, statistics,auditing,compliance,programming,project management, analysis. All skills from various degrees.

Both me and my wife have the same degree (Business Studies) from the same Uni as we met on the course, I've been in technology for 16 years, she on the other hand has been fund accounting/operational risk roles for the same time. From those I still keep in touch with others have worked as project managers for councils, the Olympics, others in systems for IBM/banks, others in PR//Marketing.

I do agree a Masters in 'Banking' sounds poor as its something that doesn't really quantify what it's actually doing

myright

Violalass I am still working atm and therefore saving up for some of the costs associated with the course, in addition I will be selling my car to cover the fees.

Moby Tide, after completing your degree how did you get into technology. Is there anything additional you did? also what about your Mrs, what did she do to get into accountancy? I have also done business and I feel that it covered a variety of topics generally.

ahxcjb

robatwork wrote: »

I think Business Studies is a waste of paper. Economics is more of an art than a science and if I was an employer in the banking sector then I would favour a graduate from a mathematics background.

Have you read Economics? There is a _significant_ amount of mathematics involved, or at least there was for my housemate who read development economics.

Bottom line: an economics degree will open a *lot* of doors to you.