Behavioural Economics

See how combining data and psychology helps companies to make decisions and encourage specific behaviour from consumers.

Banking & Financial Services Free 700+ 5 Star Reviews

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 our 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

Identifying Biases

Consumer Behaviour

EAST Framework

Communications

Problem Solving

Presentation

Data Analysis

Statistics

Excel

How it works

Complete tasks guided by pre-recorded videos and example answers from our team at Standard Bank . No live sessions, all self-paced.

Earn a certificate and add it to your resume and LinkedIn as an extra curricular activity.

Stand out in applications. Confidently answer interview questions and explain why you’re a good fit for our team.

Introduction from Standard Bank

Explore Our Job Sims

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 700

5 Star Reviews

"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

"Completing a job simulation involving applying qualitative and quantitative concepts commonly used by a behavioural economist, and applying the EAST and TESTS frameworks to identify opportunities to expand the adoption of a product."-- Student from University of Wales, Aberystwyth

"Working with real-life projects and applying academic knowledge gained through all these years. It is more practical and not only theoretical. It tests out hypotheses and questions the norms."-- Student from University of Johannesburg

"it is incredibly useful in understanding what it might be like to be a behavioral economist in the banking industry"-- Student from University of Botswana

"developing platforms to engage with and support communities and businesses wherever we operate, building our brand through relevant and meaningful sponsorships"-- Student from Tshwane University of Technology

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