Banking

Pros and cons of working in a bank

The banking sector has been attracting a lot of prospects. There are diverse roles and functions that you have to play as a banker. Starting from handling cash, clear check, look after sales and marketing, operation and management are looked after. This sector has been quite rewarding for the young job seekers, both professionally and personally. But there are certain drawbacks as well. Let us have a glimpse at the pros and cons of working in a bank.

A strong career option

Although the different job sectors around the world is experiencing a mild turmoil, the banking sector seems stable and balanced with more recruitments. It is expected that the sector will outgrow the number of jobs between the 2012 and 2022 at a rapid phase. Moreover, this is one such job sector where promotions are frequent and there are many avenues to explore as well.

The income potential is good

Majority of the positions at the banking field is well paid. The pay scale in the banking sector is good, even when you are at the entry level. This gives young aspirants the passion to join the sector and make money. With certain professional courses, you can also elevate your career prospects and acquire higher salary.

A good working condition

This is often neglected, but a good working condition is one of the qualities in the banking sector. You will notice that most of the work is office based. Field work is very limited, making the work life comfortable and flexible as well. Hence, the work life balance can be maintained well. Work from home is also an aspect that is encouraged. Paid annual leaves are an advantage as well.

Let us now look at the cons.

Long working hours and high stress level

If you have plans to build your career in the banking sector, you need to be ready to work for long hours. Whether it is the high level officials or the newcomers, often the working hours exceed more than 40 hours every week. This is absolutely not the ideal job if you want a relaxing job life. Moreover, the banking sector is quite fast paced and competitive in nature. The need to meet the targets is very stressful.

Lack of job security

Do you wish to make a career in the banking sector? Is your answer a yes? If so, you need to know about the pros and cons of working in a bank, specially the lack of job security in this sector. There is no doubt to the fact that the banking industry offers a prospective job offer, but it does get influenced by the economic conditions of the market. There is heavy recruitment when the market condition is good and the recruitment is low during the worst situations. In fact, employees are also laid off in high numbers. This clearly means that there is no job security, especially who are at the entry level.

Banking

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How To Invest Your Hard-Earned Money: Your First House

Unless you get involved with any real estate agreement, it is quite implausible to know each and every detail about the home buying process. Though the process of buying every house is not same and has its own complexities with a unique procedure, still there is a certain step which is similar as well as important in case of the purchase. Here are some of those essential steps which can direct you towards a successful purchase of your first house.

Evidence of financing – You can either choose to show that you have enough consideration to purchase the house or impress the current homeowner that you can easily avail any mortgage loan. A letter as a proof from any such financial institution that has affirmed that you have sufficient funds or a pre-approval letter of a loan from such agency will suffice to win the confidence of any seller. You will also need to think about the price of furniture, and removals for example. We recommend Billericay removals by Neales Removals to transport your belongings from your old house to your new one.

List your needs – The second task you can do is to prepare a list of those features which you wish to have in your first purchased house. Some of the basic factors you can add to this list are the price range of the house, location, square footage, complete basement, the specification of yard space and space for garage etc. After completing the list, you can make a small survey to know the availability of houses for sale.

Work with an experienced full time realtor – The third most important step is to appoint a good real estate agent. Never hire any part-time or casual real estate agent for whom this is just a hobby. If you select any experienced full-time agent, then this will be of high or extra expense. In fact, they will help you to save a lot of money by negotiating a minimum price with the seller of that house you wish to buy.

Choose a right house – After locating numerous properties according to your needs your agent will provide detailed information along with their pictures. Sometimes the agent will take you on a virtual tour of those houses. By this way, you can easily choose the best house being hassle-free from home hunting.

Make a bid on the house After finishing the virtual tour to the potential houses when you find your dream house now it’s time to make a bid on it. This is the area where your agent has to play a crucial role in determining a fair price. If you wish to add any particular terms and conditions in the contract paper, then your agent will guide you well about all.

Property inspection – The last most important task is to make a proper inspection of that house so that there is no hidden defect. You must fix a schedule for inspection with professionals. The entire assessment will take just three to four hours to complete. The Inspector will hand over the property inspection report to you so that after proper review you can ask the seller for the necessary remedies.

To make your house-purchasing journey as hassle-free as possible, you can appoint Estate agents east London as they are very professional towards their work.

Check out this infographic which explores the idea of superheros having to purchase their own hideouts.

 

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