While supervisory positions generally entail long work weeks, tellers and clerks primarily work 40 hours and less per week.
Employees in banking fields typically receive fair compensation as well as benefits. Salary normally rises with the level of responsibility in banking related positions.
Most Popular Banking Jobs
Have a look at this list highlighting the features of the best banking jobs:
Bank teller work is typically consists of routine activities and involves accepting deposits, counting money, making change, and accepting payments for loans. Most bank teller work involves the use of computerized technology.
Bank tellers must be able to provide good customer service and accurately count money. Clerks may handle phone calls and walk in visits from customers wishing to inquire about services and open new accounts. Clerks may also assist customers with resolving problems related to their accounts.
Specialized loan clerks process paperwork and documents related to loan approvals. Loan officers make decisions regarding a customer’s request to borrow funds based on information obtained from customer interviews, documents obtained, credit checks and standard banking guidelines.
Office and administrative support staff includes receptionists, secretaries, data entry clerks as well as managers and supervisors. A portion of banking related employment involves the trade of securities and commodities. Finally, banks may also employ auditors in order to verify and maintain banking financial records.
Employment Prospects in Banking Industry
Due to the effects of automation, employment prospects in banking are not anticipated to be as plentiful in the coming years. The increased use of ATM’s, direct deposit and internet banking have reduced a need for direct contact between customers and bank employees.
Employment prospects for banking positions include commercial banks, savings and loans and credit unions
The greatest number of banking employment will come from positions that need replacement due a high turnover rate in the banking teller industry.
A significant amount of the teller positions that will open in the future will be due to the need to replace former tellers who leave the banking field to pursue other, better paying, options.
Further positions will become open from the reverse changes banks have made most recently by opening bank branches and increasing extended hours in order to serve more customers and meet the demands of a competitive market.
Federal Reserve banks also offer opportunities for employment in banking
25% of all banking jobs are in the field of teller work while about 70% of banking jobs are office and administrative support related. Loan officers also make up a portion of banking related employment.
Job Search for Banking Jobs
Individuals interested in banking jobs should consider networking with professionals employed in the banking industry, signing up with online job databases and checking out college alumni associations. Recruiters and headhunting services can also be valuable if a job seeker is looking for an administrative or management position in the banking industry.
Banking Jobs – Cover Letters
The job seeker should make specific references in their cover letter to prior performance and how that performance can assist the company they are applying with. The cover letter should focus on what the job seeker can bring to the employer, not what the employer can do for the job seeker.
Resumes for Banking Jobs
A standard chronological resume that focuses on strong work experience is ideal for job seekers interested in applying for banking related employment. Banks normally like to see that candidates have ties to the communities they will be working in, so it is often a plus to include information about community involvement such as clubs and associations.
Training & Qualifications for Banking Careers
Individuals who are employed in the management end of banking normally possess at least a four-year college degree
The level of training and qualifications needed by an individual interested in working in banking will depend on the position they wish to obtain.
Some positions, such as bank tellers and clerks, require only a high school education.
New employees hired for teller and clerk positions usually receive on the job training as well as education through employer specific training programs.