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

"I enjoyed how it explained the role of a Behaviour Economist through practical exercises and provided multiple resources in various areas of learning. This program gave me a great understanding of Standard Bank and increased my interest in the role."-- Student from University of Pretoria

"generally the concept of behavioral economics was new to me, i enjoyed it. because i applied my analysis skills"-- Student from Manipal Academy of Higher Education - Dubai

"This felt like a real project which got me very excited. The data was provided in a professional yet simple and in an understandable way."-- Student from University of KwaZulu-Natal

"I learnt that behavioral economics is based on how humans actually behave ratherr than how they should behave"-- Student from Tshwane University of Technology

"I like that I have learnt a lot n I ended up getting an interest that I never imagined I can gain knowledge in work of my dreams"-- Student from Tshwane University of Technology

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