Read this write-up on the Top Ten Jobs for Banking Degree Holders In 2022. The banking industry in the 21st century goes beyond producing people to one day work inside a bank as a cashier and rise through the ladders to prominent positions.
A lot more can be done with a banking degree than becoming a conventional cashier or bank accountant. Want to explore the available options?
Top Ten Jobs for Banking Degree Holders In 2022
As the days go by, different professions are beginning to become more scalable. The increase in demand, diversity, and peculiarity has created more professionals in many fields in the world. The same has affected the banking world. The bright side of this is that the congested space of professionalism is being reduced every year as many graduates leave Universities or colleges.
List Of Top Careers in Banking and Finance
The list below contains the top jobs in the banking and financing industry;
This is one of the highest-paying jobs in this industry. The average annual salary of people in this field is $81,410 for people in the United States of America.
The major function of these professionals is to help businesses and individuals make investment decisions. To get into this field, you will need to get at least a bachelor’s degree in financial analysis or any related field. For most employers, a master’s degree is required.
A Personal Financial Adviser
The position of a financial adviser is one of the most prestigious jobs in the banking world. The average annual salary of this job for professionals is $94,170 for professionals in the United States of America.
The major duty of these professionals is to help people manage their amounts of money to meet their short and long-term goals. Their jobs include planning for retirement and figuring out how to pay for college. These advisers help people make the most out of their money.
To get into this field, you will have to get a bachelor’s degree in a program that majors in courses like finance, accounting, and economics.
The major role of a relationship manager is to develop and maintain customer relationships. These people must have a solid knowledge of the bank’s products and services and help to convey the benefits of these products to their current clients.
To get into this field, you must have a bachelor’s or master’s degree in a financial related field. The average annual salary of the professionals in this job is $86,466
This is by far the most popular job in this field. Their major function is to analyze, plan and evaluate the business’ expenses and income. To get into this area, you must have a bachelor’s degree. You may also be required to sit for the Certified, Public Accountant exam.
According to the BLS, the average annual salary of these professionals is $77,250
The major function of an Auditor is to review the records of accountants to ensure the accuracy and compliance with regulations of federal and state laws. To get started in this field, you must have a bachelor’s degree. Some people may choose to have a complete certification in a specialization of financial accounting, such as becoming a licensed certified public accountant.
The average annual salary of these professionals is $77,250 according to the BLS.
Having a managing position in the banking industry can be very rewarding. The major function of a Branch manager is to set up goals, hire people, and train staff. they are also in charge of managing the budget of the branch of a bank.
To become a branch manager, you must have excellent communication skills, customer service skills, and excellent organizational skills.
To get this type of job, you will need to have a bachelor’s degree and you may need to pass the series 6 or 7 exams. The average annual salary of a branch manager is $61,322
The major function of a loan officer is to identify and apply for loans. They deal with mortgages and personal loans. These people evaluate the candidate’s job history, credit history, and creditworthiness. To get this type of job, you must have a background of education in finance or economics.
The average annual salary of a loan officer is $63,380 according to the BLS
These people play a very important role in companies. Their function is to manage accounts and keep track of bills and attempt to collect invoices that are past due.
To get into the position of a collector, you must have the least qualification of a high school diploma.
The average annual salary of a collector is $42,521
The Treasurer is one of the most important workers of every organization or business. The major function of a treasurer is to manage the finances of an organization, maintain the budget and oversee the investment strategies and major expenditures of a company’s budget.
To get into this position, you must have a Ph.D. and other helpful banking and finance credentials. As of August 2022, the average annual salary of these professionals is $80,668 according to the BLS
This is the most popular bank worker because they are usually the first set of people you will see in the bank. Their major function is cashing cheques, depositing money into accounts, and processing account withdrawals.
To get into this field, you must at least have a high school diploma. Holding an associate’s or a bachelor’s degree will be very rewarding for this field.
The average annual salary of a Bank Teller is $36,310
Bank Jobs That Pay Well Without a Degree
The list below contains the best jobs you can get in the banking profession in the year 2022;
- Accounting Assistant
- Personal banker
- Bank teller
- Payroll Specialist
- Bill collector
- Office administration assistant
- Bookkeeping clerk
- Payroll administrator
- customer service representative
Bank Job Positions and Salaries
The table below contains the list of bank jobs that pay well and their salaries
|Personal Financial Adviser||$94,170|
What Are the General Skills required for a Job in the Banking Industry?
To get a job in the banking industry, you must possess the following skills;
- excellent communication skills
- problem-solving skills
- detail orientation skills
Frequently Asked Questions
What Careers Are There in The Bank?
The entry-level careers in the bank include bank tellers or clerks. Other careers in the bank include financial analysts, auditors, accountants, and investment bankers. Immediately you gain more experience in your field, you might qualify to be a bank manager, an analyst, or a loan officer.
What is the best field in Banking?
If your aim for getting a banking job is to make more money, you should consider getting a job in management or analysis. To rise through the ladders, you must enter into this field through the entry-level door.
DO Bank Jobs Pay well?
Of course, they do. The amount of money you should expect from a bank job depends on the complexity of the role you are taking and the amount of education required for that role.
To become a bank teller, you will need less education compared to other professions in the bank. Roles like that of accountants, auditors, analysts, or managers will require more education and thus will pay more.
What Are the Skills Required for A Career in Banking?
The skills that you may require to have a good career in banking are analytical, attention to detail, and knowledge of numbers.
Which Country Is Best for Banking Jobs?
The most rewarding country for banking jobs is Switzerland. Zurich is the financial and banking capital of the country. The headquarters of important global giants in the banking and trading fields have their headquarters in Zurich.