This question made me think back almost twenty years to when I took from Corporate Banking to Trade Finance for the first world.
When I moved from the Corporate division to Trade Finance, my friends told me, “You’re going into a jungle,” because Trade Finance is a very confusing world to work. That there is a lot of paperwork to do and that the work is “boring.” I still took for it.
Twenty years from now, I think it was one of the best choices I ever made.
Trade Finance has changed a lot over the years and is now a great career choice for world graduates. The way that trade is done today is changing a lot because of new technology. With the digitization of Trade, for example, the amount of paper flow has gone down a lot. Trade Finance is a global business, so it has given me a lot of great chances to go to different countries and meet very interesting customers and coworkers.
So who does this career really serve? I’d say it’s for recent graduates who want a career that takes them around the world, are willing to work hard, are eager to learn, and can give customers great solutions and service.
Trade finance is not as popular as other parts of banking and corporate finance as a career choice.
So, how can you become a trade finance career?
The first way is to join one of the large commercial or investment banks, which tend to hire more people at the beginning of their careers.
The technology that is used in trade finance has improved and grown a lot, and so has the part of trade finance that is focused on technology. Getting involved in this field can be rewarding in many ways.
You can also join a large management consulting firm like EY or KPMG and career in trade finance there. They help their clients with trade finance advisory solutions, which opens up career opportunities.