Ausbildung: Your Path to Banking & Finance in Germany

An “Ausbildung” (vocational training) in Banking and Finance in Germany, typically as a “Bankkaufmann/Bankkauffrau” (bank clerk), offers a structured and practical pathway into the financial sector. This dual system program combines theoretical learning in a vocational school (“Berufsschule”) with hands-on experience at a bank, savings bank (“Sparkasse”), or other financial institution.

What to Expect During the Ausbildung

The Ausbildung usually lasts three years, although it can be shortened to 2.5 years with excellent performance and the employer’s agreement. During this period, you’ll rotate through different departments within the bank, such as:

• Customer Service: Handling customer inquiries, opening and closing accounts, and providing basic financial advice.
• Credit Department: Assessing creditworthiness, processing loan applications, and managing loan portfolios.
• Investment Department: Assisting with investment strategies, managing securities, and advising clients on financial products.
• Accounting: Processing transactions, maintaining financial records, and preparing reports.

In the Berufsschule, you will study subjects such as:

• Banking and Finance: Understanding financial markets, banking regulations, and investment principles.
• Economics: Learning about macroeconomic concepts, economic indicators, and market analysis.
• Accounting: Developing skills in bookkeeping, financial reporting, and cost accounting.
• Law: Familiarizing yourself with relevant laws and regulations related to banking and finance.
• Business Administration: Gaining knowledge of business management principles, marketing, and human resources.

Benefits of an Ausbildung

• Practical Experience: Gain real-world experience from day one, applying your knowledge in a professional setting.
• Salary: Receive a monthly salary throughout the training period, which increases each year.
• Career Opportunities: High chances of being hired by the training company after successful completion of the Ausbildung.
• Further Education: Opportunities to pursue advanced qualifications, such as a “Bankfachwirt” (certified banking specialist) or a university degree, after completing the Ausbildung.

Requirements

While specific requirements may vary, generally, you’ll need:

• A secondary school leaving certificate (“Realschulabschluss” or “Abitur”).
• Good grades in mathematics and German.
• Strong communication and interpersonal skills.
• A genuine interest in banking and finance.

How to Apply

Search for available “Ausbildungsplätze” (training positions) on job portals and company websites. Prepare a compelling application including a cover letter, resume, and school certificates. Be prepared for an interview and potentially an aptitude test.

A Solid Foundation

An Ausbildung in banking and finance provides a strong foundation for a successful career in the German financial sector, combining theoretical knowledge with practical skills, opening doors to diverse opportunities for professional growth.