Bank Teller Job

the evp of our group supposedly started out as a teller. if anything, that tells you how light-footed you need to be.
 
I was a teller in college and I applied to a job within when I graduated. So I wasn’t exactly promoted up through the ranks but I have been with the same firm my whole career and started as a teller.
 
DBfinley-
It’s an income, and it’s in finance - albeit entry level and not on the side of the biz you want to end up on. If it’s all you can get at this point, go for it. It’s more than respectable to take a job instead of sitting around insisting reluctantly that you’re “better than [job x, y, or z] because you have [whatever qualification].”
You’ll be working and learning, and at least be closer to the industry than you are now. You’ll make some contacts [probably not lots] and you’ll have some kind of story to tell.
The one caveat I would give you is, if at *all* possible, LET YOUR PROSPECTIVE EMPLOYER IN ON YOUR CAREER AMBITIONS. If they’re on your side and willing to help you towards that path, then that’ll make it a little easier, I suppose, to try and move to credit analysis, etc. But if you just plan to be Clark Kent in a teller’s uniform, the odds of your employer proactively tapping your shoulder and asking you to be credit analyst Superman are pretty low - even if you’re killing it in your current role.
 
There is a joke that HK used to be the place where the failed London bankers would go. Certainly the economic downturn is worldwide, and all financial markets are now a bit more competitive re: the talent pool.
I think a bank teller would be a good job if for nothing else than improving your people skills. Much better than a job that allows you to be a hermit. Some of my best soft-skills I learned in high school working as a cashier.
 
I am currently a credit analyst at a bank. In my experience, not a lot of tellers moving up the ladder. It’s a dead-end job and that’s that.
What about a personal banker job instead? It’s a step up from a teller job but may have more upside. I’ve seen a few people who started out as personal bankers, DOMINATED on the job (ie destroyed their sales goals) , got noticed and tapped for credit training, became credit analysts and ultimately relationship bankers on the commercial side.
 
SuperiorReturn Wrote:
——————————————————-
> ASSet_MANagement Wrote:
> ————————————————–
> —–
> > I’m not sure how the teller -> Credit analyst
> jump
> > works. However, I went from telecom internet
> > operations to FO portfolio analyst at an IB, so
> > anything is possible.
>
>
> portfolio analysts are support positions and
> normally used for private wealth.
> so, you jumped industries, which is still good for
> a kid.
I make trades in discretionary accounts (ie. put my ideas to work). So I guess thats a support role?
 
7, 66 and take the PM exam offered through the firm.
Im going to take commodities too, however, we are limited as far as what we can pursue.
For instance,
We have asset allocation models (that I’ve build using the firm guidelines) that we park *most* of our clients in.
However, we have some accounts that allow us to be a bit more aggressive in buying/shorting and using option strategies (however, my boss does most of the options and fixed income stuff, I play around with that a little but I don’t want to blow anyone up).
We cannot do futures, levered ETFS all the riskier stuff that an IB would consider ‘comprimising fiduciary responsibility.’
 
A colleage, portfolio manager, started off as a bank teller or something to that effect. You say you’re “going broke” - anything is better than that to my mind.
 
If the bills aren’t paying for themselves, there’s nothing wrong with taking a bank teller job. What else are you doing to be productive?
Granted, maybe the bank teller job will totally suck, but imagine how much worse off you could be. Here’s an example – I was in Cambodia two days ago visiting the Angkor archaeological site. It was like 90+ degrees with 80% humidity, and I needed to find some drinking water. I ended up buying four 1-liter bottles of water from this young Cambodian girl for $4.00 outside of Angkor Wat. She looked at me like my buying $4.00 of stuff from her was the best thing that happened to her all day…
At the end of the day, maybe the bank teller job isn’t that guy’s cup of tea but at least he’ll be able to pay the bills. At least he’s not the average Cambodian native making an average annual income of $1,500, and constantly wondering if he’ll ever earn enough money or a sponsorship to move to a western country, where he can achieve his “dream job” of earning a minimum wage there.
 
Numi mind if I shoot you my resume, and maybe you could see what I’m doing wrong?
 
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