Standard Bank | Behavioural Economics

Get Career Ready

Complete work that simulates life on the job. 3-4 hours and self-paced.

Stand out in your application to Standard Bank . Show us you're a motivated candidate.

Get Career Ready

Complete work that simulates life on the job. 3-4 hours and self-paced.

Stand out in your application to Standard Bank . Show us you're a motivated candidate.

Why complete this job simulation

A risk-free way to experience work on the job with us at Standard Bank . Practice your skills with example tasks and build your confidence to ace your applications.

Self-paced3-4 hoursNo gradesNo assessmentsIntermediate

Welcome to the Behavioural Economics Virtual Job Simulation! We are so excited to have you here!

Here at Standard Bank, we’re passionate about driving sustainable, inclusive growth across Africa. The kind of growth that will make a positive and lasting impact on all our lives. We put Africa’s dreams, our clients’ dreams, and our people’s dreams at the heart of everything we do.

During this programme, you will get the opportunity to step into the shoes of a Standard Bank team member and complete tasks that replicate the work that our behavioural economics team does every day. You’ll learn how these professionals combine data and psychology to help companies make decisions and to encourage specific behaviour from consumers. You'll also learn about statistical analysis, critical thinking, identifying biases, how to communicate effectively and how to use key behavioural economics frameworks, such as EAST.

We hope this programme provides a great resource for you to upskill and strengthen your resume as you explore career options and a potential career at Standard Bank!

All tasks, materials, companies, and people featured in this programme are simulated and entirely fictional. Any resemblance to real persons (either living or dead) or other real-life entities is purely coincidental.

Skills you will learn and practice:

Reading Comprehension

Bias Recognition

Consumer Psychology

Legal Technology

Communication

Problem Solving

Presentation Skills

Data Analysis

Statistics

Excel

How it works

Introduction from Standard Bank

Tasks in this program

Intro & Scenario

Meet your team members and learn about your project goals.

Your role

You are a junior behavioural economist at Standard Bank, where your job is to help the company understand consumer decisions.
Your work informs product and pricing, marketing, user experience, and how the bank trains its staff. Needless to say, this is an important role with a wide impact!
The bank is trying to expand the adoption of a product designed for teenagers and their parents. The bank has found that customers who use this product are more likely to maintain a relationship with the bank. Additionally, they are more likely to use other products, such as credit cards and loans.
Your manager is interested in learning about how to get more people to sign up for the account and for the monthly recurring deposit.

Your goal

Develop an understanding of behavioural economics concepts and identify how these concepts could help the bank increase the adoption of its products.
Use behavioural economics concepts – such as identifying biases, applying frameworks and using statistical analyses – to help your team develop a plan for increasing the number of teenage checking accounts at the bank.

Reviews

Over 750

5 Star Reviews

"Gives an interesting introduction to what it is to be a behavioral economist and provides a lot of good reading material."-- Student from University of Botswana

"I appreciated the clear and concise guidance provided. The information was structured logically and easy to understand. Your questions helped in focusing the solutions, and I found the tailored answers helpful. Overall, it was a smooth and efficient process. If you have any further questions or need more assistance, feel free to ask!"-- Student from University of South Africa

"I recently participated in Standard Bank's job simulation on the Forage platform, and it was incredibly useful to understand what it might be like to participate on a behavioural economics team. I worked on a project to evaluate how to encourage consumers to adopt a savings product designed for teenagers. I practised using Microsoft PowerPoint and..."-- Student from Year Up

"It challenges established assumptions, the concept of fully rational decision-making, making it a new and inventive area"-- Student from Tshwane University of Technology

"i manage to use the knowledge acquired in classroom during the program especially on data analysis and interpretation and got to learn more about Behavioral economics."-- Student from Kenya College of Accountancy

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