Careers in Banking

Topics: Bank, Credit union, Banking Pages: 7 (1752 words) Published: January 31, 2013
Are you looking for a career field that can:
■ ■ ■ ■ ■

Consider a Career in

Provide a wide range of job opportunities and experiences? Build your confidence by helping you develop new skills? Encourage on-the-job training and reward achievements in higher education? Challenge you to solve problems and help others manage their finances? Offer opportunities for leadership and community service?

? ?

Do you want a career in a field that offers its employees competitive salaries and fringe benefits, opportunities for career advancement, education and training, job flexibility, and excellent working conditions? Do you want to work for an industry that is interested in and proactive about hiring people with a wide diversity of skills and interests?

Take a look at a career in banking.
Today’s banks are a whole new breed. Far different from the typical financial institution of just a few years ago, today’s banks offer many new and exciting products and services — and many diverse career opportunities. Today’s banker may be a computer programmer, an attorney, a public relations specialist, an electronic banking expert, an accountant, a human resources manager, an agricultural expert, an economist, a teller, a sales representative, or a loan officer, to mention a few. Whatever your talents, interests, and educational background, there is a career in banking for you.


what do banks do anyway?
With the advent of computer technology, banks offer the convenience of 24-hour automated teller machines (ATMs) and debit cards as well as more efficient checking, savings, and loan services. Banks are continually introducing new and innovative services like online banking, loan applications by phone, and supermarket branches to meet the changing needs of their customers — both businesses and individuals. Banks regularly perform such merchant services as issuing paychecks and sending out monthly statements for large businesses. Customers can use their bank to make their mortgage payments and handle other bills automatically, and take advantage of bank credit cards like VISA and MasterCard. Today’s full-service banks also sell traveler’s checks and savings bonds and rent safe deposit boxes. Many offer insurance, investment, brokerage, and international banking services as well as financial counseling for businesses and investors. You can be part of this challenging and fulfilling environment. Take a closer look at the many opportunities you can enjoy with a career in banking.

Banking is essentially a service business. Bankers identify the financial needs of each segment of society — business, government, and consumers — and then develop banking services to meet those needs. Some of the more familiar services include checking and savings accounts, certificates of deposit, and individual retirement accounts. Banks also provide their customers with loans to start a new business, expand an existing commercial venture, or purchase a home or car. Banks often assist college students who need financing to cover their educational costs.

What kinds of

career opportunities are available in banks?

While you may be most familiar with the tellers and customer service representatives at your own financial institution, there are many other employees who work in key areas of a bank. For example: ■ ■ ■ ■ ■ ■

Bank Administration/Accounting/Security — handles the bank’s internal operation Consumer Banking — delivers financial services to individual customers Commercial Banking — delivers financial services to businesses, schools, churches, and other organizations Compliance Officer — provides strategic direction, ensures bank abides by industry laws and regulations Human Resources Administration — manages employee placement, salaries, benefits, and training Operations/Technology/Information Systems — provides record keeping, bookkeeping, and information processing Public Relations/Marketing — conducts research on bank...
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