How can I get a Job in Banking in Dubai?

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The banking and finance sector has seen a downfall in Dubai owing to the COVID-19 pandemic. Even the year 2016 saw some significant turnover rates. One of the major contributing factors to this was the downfall of technology and digitalization. But thanks to the new VAT system and digital technologies, the glorious days of banking jobs in Dubai are back. The UAE has always been the preferred place for Indians who want to work abroad. However, it may be challenging to find a virtuous job in Dubai, owing to the many frauds present in the market. This article thus focuses on how to get jobs in the banking sector in the country of Dubai.

Banking Jobs in Dubai

Since the introduction of the new taxation system of VAT in 2016, there has been a consistent rise in the demand for highly skilled professionals in the arena. UAE has implemented 6 % VAT. According to Gareth El Mettouri, associate director at Robert Half UAE, Digital transformation, automation diversification from the reliance on the oil industry, and the release of VAT policy, there has been a shoot in demand for talented candidates who possess flawless skills, as quoted on Gulf News. According to Paul Drum, head of policy at CPA Australia, there will be approximately 5,000 finance and accounting vacancies. So this tells us that one of the most income-generating sectors has to be banking and finance.

The situation is way better as compared to 2015–16. The upcoming months have also seen a higher rise in jobs and salaries. So good news for those seeking jobs in this domain is welcome. Talking about the job roles, this field has the majority of compliance officers, anti-money laundering specialists, and mergers and acquisitions (M&A) associates. So it might be a good possibility that candidates with an excellent experience span, i.e., of 5 to 10 years, will be preferred. Technical jobs will also be handed out in a large number.

According to The Economist and IMF, the GDP growth in USD has moved from 222 in 2006 to 385 in 2016. The career options in banking and finance services offer several money management services, including customer banking, retail banking, credit operations, investment banking, marketing, public relations, etc. The banking field is vast and requires many departments to be taken care of. It also offers prospects for growth and development. The candidates should possess a bachelor’s degree and a passion for work. They should also enjoy their work with numbers and be capable enough to handle customers and clientele. A Master’s Degree, however, will give you a sharp hike in bagging good banking jobs in Dubai.

How to get a Banking Job in Dubai

The first and most popular way is to look for jobs on websites. These websites should not be spam but trusted websites. These days many websites claim that they provide you with a good job and promise a good lifestyle, but these usually turn out to be scams. They never disclose the reality of these jobs as they require aggressive interview rounds and much interrogation. It is convenient to send your resume online by sitting in your home. Still, the process of cracking the interview, clearing the application process, background verification, and deep checks prove to be cumbersome.

Working with a mentor or a career coach has also proven to be one of the effective ways. It is a cherry on the cake if these specialists have already worked abroad or belong to the same sector. Career coaches have skimmed and thorough information about the market, so they can be of great assistance when it comes to staying competitive. They help you learn the most specific ways to remain, survive, and thrive in the market. Besides, an extensive and resourceful network is always looking out for you.

Conclusion

So, to sum it up, it can be said that you should always go with a secure plan before pursuing a banking and finance job in Dubai,  Getting in touch with a mentor and looking out for scams is the best way to do it. It’s a suggestion from my end. One of the reliable and secure recruitment agencies in Dubai is PEERGROWTH. They are the best recruitment agencies in Dubai, so you must contact them for any jobs in the dubai.


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