Getting a banking job in Dubai can be a big hassle for non-UAE nationals. This is because most banks prefer to employ only temporary and permanent residents of the UAE.
However, this is a dream you can seamlessly make come true with a residency visa. With the correct information about the banking sector, including market statistics and trends, you can be much closer to winning a bank job in Dubai.
This article shares the most important aspects and details you need to know if a Dubai bank job is your dream.
Basic Requirements For Bank Jobs In Dubai
These are the critical skills you will require to qualify for any banking job in Dubai. Although some are competency-based, banks will scrutinize your ability to deliver an excellent job in the bank by weighing your ability against other candidates. Let’s look at the basic qualifications needed.
1. Relevant Degree
A college degree is essential for banks to consider you for any banking job.
Banks are looking for both Bachelor’s Degree and Master’s Degrees. Some of the most common Bachelor’ Degrees required by banks include Accounting, Finance, Banking, Commerce, or any other related Bachelor’s Degree in a relevant field.
Also, having a Master’s Degree in a relevant field can be an added advantage, mainly when the bank receives many candidates looking for a similar bank job in Dubai. This Degree makes you stand out more clearly in a crowd and can be your ultimate selling point for bank jobs.
On the other hand, banks in Dubai prefer the USA, UK, Australian, and Canadian Degrees. Therefore, if you hold a degree from these states, you have better chances of securing a Banking job in Dubai than other candidates.
2. Relevant Work Experience
Having work experience can significantly boost your search for a banking job. For many banks in Dubai, you will need a work-experience certificate from a reputable organization. Usually, a minimum of one year of previous work experience is required.
If you are a recent graduate, we recommend you take up some voluntary work or internships in some of the reputable banking institutions in UAE to gain the required experience.
3. Complete Understanding Of The Sharia Law
Sharia Law is the supreme law governing most institutions in the UAE, including banks. The law, therefore, remains active in most states of the UAE, including Dubai.
Although not all banks follow Sharia law, developing an adequate understanding of the law can significantly boost your career.
4. Complete Understanding Of The Regulations And Procedures Affecting The Banking Sector
The banking sector, just like any other sector, is regulated by financing laws in UAE. It is, therefore, vital that you develop a complete understanding of the regulations.
Also, it would help if you had an adequate understanding of the banking machine as this will be your full-time job.
5. Computer Competency
With the advancement of technology, computer knowledge is increasingly becoming a banker’s need.
Besides, many banks in Dubai now emulate mobile banking. You, therefore, need to understand the basic working principles of internet banking.
Since you will be working in a modern bank, having proof of understanding of all the essential IT skills relevant to the banking sector will put you much closer to the bank job.
Essential Skills For Bankers
Maybe you are now asking which essential skills to have as a banker. As we mentioned already, besides academic qualifications, you need the right banking skills to qualify for any banking job in Dubai.
Below are the essential skills:
- Ability to work long hours and meet deadlines
- Ability to make sound decisions quickly
- Mastery of numbers
- Problem-solving
- Accounting
- Ability to interpret financial information in a simple way
In addition to the essential skills above, you should be an organized individual, dedicated, and always focused on improving your interpersonal skills.
How To Get The Finance And Banking Jobs In Dubai
One of the most trusted ways to get a bank job in Dubai is through trusted job sites. Although you should be wary of the many sites promising high-salary employment opportunities in Dubai, many sites now offer information on open vacancies and critical details about the banking job in Dubai.
Check the qualification criteria and send your CV through any online platforms provided if you qualify. Besides, be ready to attend many interviews before a bank can hire you.
Top 8 Banking and Financial Institutions In Dubai
- National Bank of Abu Dhabi
- Emirates NBD
- First Gulf Bank
- Abu Dhabi Commercial Bank
- Mashreqbank
- Dubai Islamic Bank
- Union National Bank
- Commercial Bank of Dubai
Secret Tip
We recommend you specialize in the Arabic language if you are an expatriate looking for banking jobs in Dubai.
Knowing the local language with a high competency will give you an added advantage, especially in Dubai, where the language is much more appreciated. You will also need a proper understanding of English, though.
Work with a career Coach, Mentor, or counselor
Working with a career coach can help you greatly when looking for a bank job in Dubai. By helping you learn the most critical skills for the banking sector, a career coach will help you stay competitive when hunting for a job in the banking sector in many ways.
Besides, a coach will have a sizeable resourceful network to easily help you land your dream job. However, you may need to pay for the services offered.
FAQs
Are banking and finance good career options in Dubai?
Currently, Dubai’s banking and finance jobs have endless opportunities compared to any other country. This is because many companies in the banking and finance sectors are found in Dubai International Financial Centre (DIFC).
Which qualification is the best for bank jobs?
The minimum qualification most banking jobs require is a Bachelor’s degree in Commerce or Management-related specialization. In addition, you will need to study quantitative aptitude, reasoning, general awareness, English, and basic computer skills.
Can an Indian work in Dubai?
Yes. Besides, some Indian banks operate in the Dubai International Finance Centre (DIFC). However, these banks are limited to a few services such as deposit, credit, and financial advisory.
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