Has anyone ever worked in a bank?

[ElFenix]

the average teller only loses about $26 a year

 

[Orsorum]

Originally posted by: RossMAN
Unless you work in operations (a data processing center for example), if you work at a branch you WILL BE SELLING products.

It may not be your main focus but you WILL BE SELLING CD's, loans, checking accounts, etc.

That's what I suspected... which I can do. I'm just not very adept at doing high pressure sales, I'm too laid back.

 

[gopunk]

damn this thread makes me want to work for a bank.... i want to try sales just once to see what it's like. *shrug* actually i have no clue what cds and stuff are so i'd probably suck at it.

oh and i have the best part-time job....

on campus
decent pay
looks decent on resume
easy
sit down the whole time
nice working environment
friendly coworkers, boss

 

[RossMAN]

Originally posted by: Zakath15

Originally posted by: RossMAN
Unless you work in operations (a data processing center for example), if you work at a branch you WILL BE SELLING products.

It may not be your main focus but you WILL BE SELLING CD's, loans, checking accounts, etc.

That's what I suspected... which I can do. I'm just not very adept at doing high pressure sales, I'm too laid back.

But you have to also think I am giving you the WORST CASE SCENARIO because I work for a big corporate bank and CU's have a different mentality.

CU's profits are re-invested into the CU and given back to it's members (e.g. everything is free, interest rates are BETTER) ... there's not as much pressure to SELL at a CU I'm guessing.

It would be interesting if we had some AT'ers who worked at a CU or knows someone who does to give us their perspective.

 

[Orsorum]

Originally posted by: gopunk
damn this thread makes me want to work for a bank.... i want to try sales just once to see what it's like. *shrug* actually i have no clue what cds and stuff are so i'd probably suck at it.

CDs are a short term, no risk investment - i.e. buy a 3-month CD at 1.86% interest, at the end of three months, you get a whole $5 in interest. Downside is that you can't withdraw the money before the maturity date, but the yield is greater than what you would earn on a savings account, and there's absolutely no risk.

 

[Orsorum]

Originally posted by: gopunk
damn this thread makes me want to work for a bank.... i want to try sales just once to see what it's like. *shrug* actually i have no clue what cds and stuff are so i'd probably suck at it.

oh and i have the best part-time job....

on campus
decent pay
looks decent on resume
easy
sit down the whole time
nice working environment
friendly coworkers, boss

Lazy cs bastage. 😛

 

[Orsorum]

Originally posted by: RossMAN

Originally posted by: Zakath15

Originally posted by: RossMAN
Unless you work in operations (a data processing center for example), if you work at a branch you WILL BE SELLING products.

It may not be your main focus but you WILL BE SELLING CD's, loans, checking accounts, etc.

That's what I suspected... which I can do. I'm just not very adept at doing high pressure sales, I'm too laid back.

But you have to also think I am giving you the WORST CASE SCENARIO because I work for a big corporate bank and CU's have a different mentality.

CU's profits are re-invested into the CU and given back to it's members (e.g. everything is free, interest rates are BETTER) ... there's not as much pressure to SELL at a CU I'm guessing.

It would be interesting if we had some AT'ers who worked at a CU or knows someone who does to give us their perspective.

Very true.

The more I think about it, the more I think I might apply exclusively to BECU. I enjoy them immensely, and am on a first-name basis with some of their staff. Seems like a good place to work.

 

[RossMAN]

Originally posted by: Zakath15

Originally posted by: RossMAN

Originally posted by: Zakath15

Originally posted by: RossMAN
Unless you work in operations (a data processing center for example), if you work at a branch you WILL BE SELLING products.

It may not be your main focus but you WILL BE SELLING CD's, loans, checking accounts, etc.

That's what I suspected... which I can do. I'm just not very adept at doing high pressure sales, I'm too laid back.

But you have to also think I am giving you the WORST CASE SCENARIO because I work for a big corporate bank and CU's have a different mentality.

CU's profits are re-invested into the CU and given back to it's members (e.g. everything is free, interest rates are BETTER) ... there's not as much pressure to SELL at a CU I'm guessing.

It would be interesting if we had some AT'ers who worked at a CU or knows someone who does to give us their perspective.

Very true.

The more I think about it, the more I think I might apply exclusively to BECU. I enjoy them immensely, and am on a first-name basis with some of their staff. Seems like a good place to work.

Sounds like the perfect fit if you ask me.

You're currently an external customer, if you apply and get a job there you'll be both an internal and external customer.

If all BECU's customers have such high regard for them they must be doing something right and is probably a good place to work for.

There's also TECH jobs at banks/CU's, network stuff, support desk, etc. So also look into that as well.

 

[Orsorum]

Originally posted by: RossMAN

Sounds like the perfect fit if you ask me.

You're currently an external customer, if you apply and get a job there you'll be both an internal and external customer.

If all BECU's customers have such high regard for them they must be doing something right and is probably a good place to work for.

There's also TECH jobs at banks/CU's, network stuff, support desk, etc. So also look into that as well.

I actually started applying to them at some point a couple years ago for a tech support position. Only thing now is that I haven't really done any tech support in over two years. An option, though. 🙂

 

[gopunk]

Originally posted by: Zakath15

Originally posted by: gopunk
damn this thread makes me want to work for a bank.... i want to try sales just once to see what it's like. *shrug* actually i have no clue what cds and stuff are so i'd probably suck at it.

CDs are a short term, no risk investment - i.e. buy a 3-month CD at 1.86% interest, at the end of three months, you get a whole $5 in interest. Downside is that you can't withdraw the money before the maturity date, but the yield is greater than what you would earn on a savings account, and there's absolutely no risk.

how much money do you have to put in? or you just get 5 bucks no matter what....

 

[Orsorum]

Originally posted by: gopunk

Originally posted by: Zakath15

Originally posted by: gopunk
damn this thread makes me want to work for a bank.... i want to try sales just once to see what it's like. *shrug* actually i have no clue what cds and stuff are so i'd probably suck at it.

CDs are a short term, no risk investment - i.e. buy a 3-month CD at 1.86% interest, at the end of three months, you get a whole $5 in interest. Downside is that you can't withdraw the money before the maturity date, but the yield is greater than what you would earn on a savings account, and there's absolutely no risk.

how much money do you have to put in? or you just get 5 bucks no matter what....

Depends on the financial institution. BECU has a $500 minimum, USAA has a $5000 minimum (IIRC).

 

[Orsorum]

I put about $5000 into CD's my senior year of high school (to be used as spending money throughout college). I've made about 6.5% interest on all of it, with no risk. My investments, on the other hand, have gone from around $46,000 to around $16,000; I didn't bank on having that money in the short term, however, so I can stand to lose it.

 

[gopunk]

Originally posted by: Zakath15
I put about $5000 into CD's my senior year of high school (to be used as spending money throughout college). I've made about 6.5% interest on all of it, with no risk. My investments, on the other hand, have gone from around $46,000 to around $16,000; I didn't bank on having that money in the short term, however, so I can stand to lose it.

how in the world did you end up with 46k to invest? :Q

 

[Orsorum]

Originally posted by: gopunk

Originally posted by: Zakath15
I put about $5000 into CD's my senior year of high school (to be used as spending money throughout college). I've made about 6.5% interest on all of it, with no risk. My investments, on the other hand, have gone from around $46,000 to around $16,000; I didn't bank on having that money in the short term, however, so I can stand to lose it.

how in the world did you end up with 46k to invest? :Q

Haha, only $1500 of the original amount was mine (in an American Funds mf). $5000 was in a Janus mutual fund, another $40,000 was in AEP stock that my grandad bought for me when I was born. I just sold my Janus and American mutual funds, I need the money and they're just not making it worth my while; they did bad even during the tech boom.

The AEP stock is gold - 11% (IIRC) dividends paid each year, great company; I don't plan on selling that any time soon.

 

[Skyclad1uhm1]

A friend of mine worked as a programmer in a bank.

They had to wear suits at all times, and security was so tight that several complete computers + monitors got stolen during the day without them noticing.
A guy in an overall came in with a trolley, loaded up the hardware, and pushed it out the door. Everyone presumed it was the repair service and ignored it.

 

[Orsorum]

Originally posted by: Skyclad1uhm1
A friend of mine worked as a programmer in a bank.

They had to wear suits at all times, and security was so tight that several complete computers + monitors got stolen during the day without them noticing.
A guy in an overall came in with a trolley, loaded up the hardware, and pushed it out the door. Everyone presumed it was the repair service and ignored it.

:Q Jeepers creepers!