Bank teller to financial trader
A bank teller already meets 63% of what the financial trader role asks for. The move turns on 3 required skills not yet in the profile.
39.1/ 100
1 How much of what a financial trader is expected to do is already part of a bank teller’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the financial trader role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A financial trader role treats 14 of its required skills as things a bank teller already does. You would walk in with these on day one.
- actuarial science
- advise on financial matters
- communicate with customers
- economics
- financial jurisdiction
- financial markets
What stands in the way is 3 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 16 skills that carry over, these are the ones fewest other occupations ask for. A financial trader role needs them, and most people applying for one will not have them already. This is the part of a bank teller background worth leading with.
- already held offer financial services communication, collaboration and creativity
- already held operate financial instruments management skills
- already held provide financial product information communication, collaboration and creativity
- already held maintain records of financial transactions information skills
- already held financial jurisdiction business, administration and law
- already held financial markets business, administration and law
All 16 carried skills, including the 14 the financial trader role treats as required.
Table 3 · What you may need to learn
The 19 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn analyse economic trends required
- still to learn analyse market financial trends required
- optional, not held assess risks of clients' assets optional
- optional, not held forecast economic trends optional
- optional, not held manage financial risk optional
- optional, not held monitor stock market optional
- optional, not held perform stock valuation optional
- still to learn cryptocurrency required
- optional, not held fundamental analysis optional
- optional, not held investment analysis optional
- optional, not held modern portfolio theory optional
- optional, not held stock market optional
- optional, not held advise on investment optional
- optional, not held communicate with banking professionals optional
- optional, not held review investment portfolios optional
- optional, not held trade securities optional
- optional, not held create a financial plan optional
- optional, not held develop investment portfolio optional
- optional, not held make investment decisions optional
Table 4 · Where to start
The 3 entries a financial trader role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 cryptocurrency study this
- 02 analyse economic trends practise this
- 03 analyse market financial trends practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 16 skills that carry over
- already held actuarial science knowledge
- already held advise on financial matters skill
- already held communicate with customers skill
- already held economics knowledge
- already held financial jurisdiction knowledge
- already held financial markets knowledge
- already held financial products knowledge
- already held handle financial transactions skill
- already held maintain records of financial transactions skill
- already held obtain financial information skill
- already held offer financial services skill
- already held operate financial instruments skill
- already held protect client interests skill
- already held provide financial product information skill
- already held banking activities knowledge
- already held securities knowledge
16 supplementary skills, helpful but not required
- optional, not held advise on investment optional
- optional, not held fundamental analysis optional
- optional, not held investment analysis optional
- optional, not held assess risks of clients' assets optional
- optional, not held communicate with banking professionals optional
- optional, not held create a financial plan optional
- optional, not held develop investment portfolio optional
- optional, not held forecast economic trends optional
- optional, not held make investment decisions optional
- optional, not held manage financial risk optional
- optional, not held modern portfolio theory optional
- optional, not held monitor stock market optional
- optional, not held perform stock valuation optional
- optional, not held review investment portfolios optional
- optional, not held stock market optional
- optional, not held trade securities optional
25 held skills the financial trader role does not ask for
- not needed by the target role accounting techniques knowledge
- not needed by the target role archive documentation related to work skill
- not needed by the target role attach accounting certificates to accounting transactions skill
- not needed by the target role convert currency skill
- not needed by the target role core banking software knowledge
- not needed by the target role create a financial report skill
- not needed by the target role customer service knowledge
- not needed by the target role electronic communication knowledge
- not needed by the target role ensure proper document management skill
- not needed by the target role ensure safe transport of money skill
- not needed by the target role foreign valuta knowledge
- not needed by the target role guarantee customer satisfaction skill
- not needed by the target role health and safety regulations knowledge
- not needed by the target role maintain customer records skill
- not needed by the target role maintain financial records skill
- not needed by the target role manage bank vault skill
- not needed by the target role manage digital archives skill
- not needed by the target role manage vault access skill
- not needed by the target role operate money-processing machine skill
- not needed by the target role order supplies skill
- not needed by the target role perform clerical duties skill
- not needed by the target role prepare financial statements skill
- not needed by the target role process payments skill
- not needed by the target role produce statistical financial records skill
- not needed by the target role trace financial transactions skill
5 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn cryptocurrency required
- optional, not held fundamental analysis optional
- optional, not held investment analysis optional
- optional, not held modern portfolio theory optional
- optional, not held stock market optional
Common questions about this move
Can a bank teller become a financial trader?
Yes, and it is a moderate move. A bank teller already covers 63% of what a financial trader is expected to do: 16 skills carry over, 14 of which the financial trader role treats as required.
What skills does a bank teller need to become a financial trader?
3 required skills are missing, plus 16 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by information skills. The single most important is cryptocurrency.
How hard is the move from bank teller to financial trader?
Its learning distance is 39.1 out of 100, which is the moderate band. That accounts for both how much is missing and how specialised those skills are.
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.