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AcademicsUnlocking the door to the world of Private Banking

If you have your sights set on a career in banking, then an education in hospitality just might be your key.

Swiss private banks including Edmond de Rothschild and UBS have partnered with the Swiss Education Group bringing their wealth of knowledge to our students as part of the curriculum but also as recruiters looking for fresh talent to join their teams. In our interview, HIM’s favorite Finance lecturer Mr. Gideon Tumong digs deeper into the incredible opportunities available with a hospitality degree and focuses in on why a career in banking is so much more than numbers.

What makes the partnerships with Swiss private banks so interesting for HIM students?
Well, by partnering with us, prominent banks have endorsed the programs HIM rolls out. This is reassuring for HIM students. Besides, these banks want to hire our students and this opens a breadth of opportunities to our students. If a student would like to switch to the Financial services sector, these partnerships enable that transition. An increasing number of students agree that this is priceless.

What advice would you give to a student who has anxiety about finance and numbers?
It is fair to say, an increasing number of students are numbers averse so they would shun taking up a specialization in Finance. I want to reassure anyone contemplating taking a finance specialization that the professors on program have immense experience in their particular field so they leverage this technical know-how in the classrooms in a relatable way.


“I would say to any student aspiring to take advantage of the plethora of opportunities that a specialization in finance offers; go for it! Our professors are trained to unlock that potential of yours that you may not have even been aware of.”


Beyond numbers, what are the skillsets private banks are looking for from a hospitality grad?
It might come as a surprise to some, but there is a direct correlation between hospitality studies and banking. Just to put things into perspective, six of the eight UBS staff I collaborated with over the past 8 months are graduates from hospitality schools. Now why is that?


“Banking, especially private banking is a people industry. Contracts are signed by people and for anyone to agree to a massive contract, they need to have trust in you. To thrive in private banking, one must have impeccable inter-personal skills. They must be able to listen attentively to the customer, identify their needs and provide tailored, personalized solutions.”


What are some other unexpected jobs a hospitality degree could lead to?
A clever start for young hospitality graduates are training programs in Client Advisory services. Once they have their foot in the door, the opportunities could be infinite! Relationship Management, Real Estate Research, Wealth Management, Business Development, Internal Auditing and Sales are all positions that our graduates could excel in. A student with the right attitude and drive can really become anything they want and I’m pleased to say that these are exactly the kind of students we groom here at HIM.

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