Past 20 years, Middle East has become a center point of trade and has offered home to a number of booming industries in the world. The leader among all the job sectors has been the oil and petroleum gas industry that has been offering jobs to the workforce from all over the world, including locales. Another segment, which has played a crucial role in changing the economic condition of the Gulf countries, is the investment and banking sector. The banking sector of the zone, which faced the global financial crisis with some of the major banks reporting non-performance between 2009 and 2011, has recovered quickly to become robust. UAE has been the leader in the Middle East zone, with the assets standing at 1.3 times its gross domestic product (GDP), thus has offered numerous UAE jobs in banking.
There has been establishment of a number of new banks all over Gulf, especially in Dubai. The international banks have found Dubai as a place where they can establish their bases, earn good revenues as the economy of city is pretty good, and the workforce is cheaper as compared to those in the western countries. Here are some of the domains in the field of banking, which have been highly paying and ensured great future prospects for the professionals.
Corporate Banking Solutions: Various banks offer these corporate banking solutions to large and medium sized companies, which are operating out of Gulf.The corporate banking solutions have gone all online and have powered the new age customers and the banks. The banks offering corporate banking solutions help in bringing together personalized banking, global account management, liquidity management and online transactional capabilities. The names, which you can trust for corporate banking jobs in Gulf, are:
- First Gulf Bank
- Dubai Bank
- PICIC Commercial Bank Limited
- Mashreq Bank
- Syria Gulf Bank
Accounting Services: Such services includeproviding account statements, profit and loss statements, payroll processing, payments, tax calculations, loan calculations, and benefits calculations. Accounting firms are a good barometer for the Gulf economy, which depict the economy of the zone. Some banks offering accounting services in Gulf are:
- Abu Dhabi Commercial Bank (ADCB)
- Qatar National Bank (QNB)
- Gulf International Bank (GIB)
- Gulf Coast Bank & Trust Company
Investment Banking:Becoming an investment banker is a very good idea that is believed to bring in a lot of wealth and power. In the Gulf countries, investment banking is a sector, which has received a positive response from the market and has lured a number of professionals to earn more! To be a good investment banker, you need to have those innate instincts, confidence while meeting the clients and assure tem of their financial security, and also know the psychology and tactics behind the deal negotiations. The investment bankers need to be determined not only to make money for themselves and the company, but also for their clients.
Here is a list of banks offering different positions in the investment banking domain:
- Barclays Capital
- Citigroup
- Deutsche Bank
- HSBC
- JP Morgan
- Morgan Stanley
Financial Advisory Firms:The financial advisory companies help the investors about their future investment plans, mainly in mutual funds, real estate, future savings, commodities, debentures, bonds and petroleum. Other sections are trading and stock exchange, where the financial advisory institutions can help. Some of the top ranking financial advisory firms in the Gulf are:
- American International Group, Inc. (AIG)
- Emirates Islamic Bank
- Michael Page Financial Services
- Zawya Limited
These global banking services offer various job profiles including junior levels, executive levels and higher levels seek qualified individuals, both locals and expats. If you think your skills and qualities can match these profiles, banking jobs in Gulf are just right for you!
