London is the financial centre of the world (according to the Global Financial Centres Index) and therefore its professionals and technology are quite simply the best in the business. Nanosecond delays in communications lose banks business and one tiny bug can down a market and knock millions off prices. If you want to work in an industry with real-world tangible results, this is your sector. Read on for more.
What is it?
Graduates in Banking Technology will work to either develop software that the bank uses for its business and transactions, or they’ll be focusing on the hardware.
Why is it used?
Technology is fundamental to the bank and financial industry. Famously, a $300 million cable was laid across the Atlantic simply to shave off five milliseconds between New York and London. It’s an arms race for speed and complexity.
Why is it a good career?
Technologists are highly in demand within the financial sector, and they’re rewarded accordingly. It’s a career which will constantly provide you with challenges and test your limits. What’s more, the training will be top-notch, meaning that you either have a very prestigious career ahead of you in Banking, or can take that knowledge down the line to another sector or your own business.
Who would enjoy it?
First and foremost a graduate who loves technology should consider this career. A passion for finance isn’t so necessary, no one’s expecting you to be an economist, but you should have some interest in what effect your actions will have on the financial world. A graduate who loves fast pace and pressure will thrive in this career, and it will also suit a graduate with global ambitions.
How to impress on an application
It’s a good idea to have a think about whether you see yourself involved with software or hardware as the best way to stand out is to already start garnering skills for your chosen area. You should choose relevant modules at university, and spend time discovering what tools the employer uses, so you can try something similar in your free time.
Finally, a true stand-out candidate will prove they can cope with pressure and quick changes. Highlight times you’ve had to work to tight deadlines successfully, and show you have volunteered to take on extra work in group presentations in order to obtain a great result.