How to Answer: How does a bank make a profit as a business?
Advice and answer examples written specifically for a PNC Bank job interview.
30. How does a bank make a profit as a business?
What You Need to Know
This question tests your understanding of why PNC does things the way they do and explores your emotional investment in the success of your company and your team. Your answer will help them ascertain whether you are fully vested in this interview or if you are simply playing the numbers in trying to land any job anywhere. Do your homework even if you think you know the answer. It is best to be sure and come off as a pro. The trick to delivering a great interview is to come off as well-versed and not rehearsed. Knowledgeable and ahead of the curve is the impression you want to make.
Written by Kevin Downey on July 16th, 2022
Answer Example
"Well, there are countless ways a bank generates revenue, from service charges to various fees depending on the products. Then there's money from debt interest from secured or unsecured loans, to name a few. But the system is intricately nuanced. As they say, you can't make money without spending money. And when you have money, there are countless ways to let your money make you more money."
Written by Kevin Downey on July 16th, 2022