The Co-Chair of the Deutsche Bank Junior Network Committee explains what motivates millennials
The population of millennials, born between 1981 and 1997 and now entering work in droves, is gradually replacing the retiring ‘baby boomer’ generation and will shape the world of work in the coming years.
Critical to the future of any business navigating a rapidly changing world – especially in the financial services sector underpinned by technology – is attracting and retaining the cream of the crop.
The unique characteristics of millennials outlined by Rupert Merson (see page 68) means that this is easier said than done and one size does not fit all. In fact, do employers really understand what the millennial generation is, and are institutions within the financial sector examining and revising their current strategies to keep in touch?
Not just the money
Millennials are looking for more in life than “just a job”. They are motivated by more than just money and want to do something that makes them feel as though they are having an impact. As co-chair of the Deutsche Bank Junior Network Committee – a global network consisting of 1,500 millennials which aims to “empower, inspire and unite the future leaders of Deutsche Bank” – I asked our members what they consider the most important factor when looking for a potential employer. The two most attractive features rated were:
- Career progression
- The opportunity for learning and personal development
Millennials do not think of career advancements in terms of time of service or seniority; they want to be able to climb the corporate ladder and feel they are moving towards something while gaining a variety of experiences in the process.
Deutsche Bank opportunities
What came over loud and clear from the Junior Network responses was agreement that opportunities to progress and develop careers at Deutsche Bank are “magnificent”.
There are a variety of career options you can pursue within a bank like this. These include macro or company research, getting involved in the capital markets, trade or export finance, working in the technology space or even advising governments. As long as you are committed and resilient, banking is a place where you can move horizontally, laterally or even diagonally, in order to shape your career in a way that aligns what you do with who you are.
As for me, I was sponsored to complete the Association of Chartered Accountants qualification while in the Finance division, and was then moved to the Structured Trade & Export Finance team where I have the opportunity to travel and work with clients from all around the world.
In short, as a millennial myself, my experience at Deutsche Bank reassures me that my employer understands this generation and is doing all the right things to nurture and develop it.
Nisha Shah is an associate at Deutsche Bank, Global Transaction Banking, Trade Finance and Cash Management Corporates
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