There’s no sector more diverse, international, or versatile than the banking industry. It’s fast-paced, competitive, and it’s becoming increasingly globalized –– which is why there’s no better time to get ahead of the game and implement a language-learning strategy in your business. So here’s our step-by-step guide to help get you started…
Language learning in the banking sector
The banking sector won a very special accolade this year – in a recent study by the Wall Street Journal, the financial industry revealed itself to lead the way in diversity and inclusion in business. In an industry that recently lagged behind in representing workforce diversity, this transformation has taken place at rapid speed, and we know exactly how your business can keep up with it.
Our language experts at Babbel have designed a series of lessons that target finance-specific language learning. With increasingly diverse partnerships, employees, and customers, the finance sector needs to get international, fast – and that’s where our lessons come in.
In this section, we take a closer look at one of Babbel’s banking lessons so you know exactly what to expect. Here’s a first look at our advanced Commercial Banking lesson:
“In this advanced course, you’ll focus on the financial industry,” your screen will say. “You’ll read and hear a variety of articles and reports – just like in real life. It’s time to start thinking in English! Which means we haven’t translated everything for you… Don’t worry about understanding every single word – focus on the general meaning and the rest will become clear with time!”
The first step focuses on reading. You’ll be given a short text that’s directly related to a business environment. In our commercial business exercises, Babbel covers issues that are relevant to current affairs, so in this example, our text addresses the issue of sustainability in business. It’s a challenging topic – but it’s designed to accelerate our learners to become proficient in business English fast.
The first exercise requires the learner to read through the text and select the correct answer via multiple choice. However, Babbel doesn’t give away the answer easily – we’ve made sure the learner will have to truly digest the information in order to answer the questions correctly.
Repetition and pronunciation are vital components of language learning. That’s why we dedicate the next step to speaking and listening, so when your employee is required to make use of their new language in a real-life situation, they’ll be able to speak with confidence. And did you notice? There is no translation of the vocabulary, but instead a definition in English! This way we support the learner thinking in English through the entire lesson.
Fill in the gaps. Our linguists don’t leave any language-learning stone unturned, so in this section, the learner must use their memory muscles to fill in the gaps using vocabulary and phrases from the text previously studied. Not only will this cement the new vocabulary in their memories, but they’ll absorb the context, too – which will come in handy when managing similar situations and conversations in the workplace.
Because email communication is a crucial aspect of business English, Babbel has designed exercises that specifically target spelling. Here we take the vocabulary previously learned and scramble the letters, so the learner must perfect their spelling in order to complete the task. This is a skill that instantly translates to written English – so they can write professional and succinct emails.
“All clear so far?” Babbel likes to take the time to check-in on the learners. “Now that we’ve covered the vocabulary, it’s time to hear it in some professional contexts. Listen to the words you’ve just learned and try to understand the general meaning. Ready?”
Here the learner is asked to listen and answer the questions. Not only does this improve vocabulary and grammar, but it prepares the learner for real-life conversations. It also increases the analysis skills of the learner so they can understand meanings in written English from emails or instant messaging.
The learner must listen to the opinion of a speaker and then evaluate their tone, choosing from a list of options whether the person feels negative, neutral, or positive towards a topic. This is a fantastic training for learners to pick up nuance and tone of voice and will teach them how to adapt their response accordingly.
And finally, the learner will get a score. Babbel remembers which areas the learner found difficult, so they can go back and revise these problem areas later on. Clever, hey?
How Babbel’s banking lessons will benefit your business
Babbel’s lessons in banking are a fantastic way of keeping ahead of the competition – with the industry becoming increasingly diverse, there’s never been more need for multilingualism to push your enterprise forward.
Babbel is flexible, versatile, and convenient. We know how fast-paced the finance industry is, and with each learner able to progress at their own pace, there’s no need for expensive and time-consuming classroom lessons. Your employees can learn their language anywhere at any time – whether on a coffee break, on a bus, or at home after work.
It’s cost-effective too – with a flat-rate tailored to the needs of your business, there are no hidden costs or unpleasant surprises.
And the best bit – no other language-learning provider has lessons specifically tailored for the banking industry. So when it comes to languages, you can bank on Babbel!
Want to find out more about blended learning? Find valuable insights on the topic in our free e-book.