Top 10 Job Positions in the Banking Industry.
Job Positions in the Banking Industry… The banking industry is essential to a country’s economy. It functions as a financial services industry, which is why the employers must be within the financial field. In case you are wondering what kinds of jobs and careers there are in the banking industry, this article will give a list of the top 10 job categories in the banking industry.
The following are the top 10 job positions in the banking industry:
1. Bank Teller
This is the entry-level position in the banking industry. The bank tellers are the face of the industry. This job position requires good communication and computer skills and a bank teller must possess at least a high school diploma.
2. Loan Officer
The loan officer is an important employee in both commercial and retails banks, as well as other loan institutions. A loan officer is responsible for helping clients and customers apply for loans and also oversee the process. The loan officer acts as a point of contact and facilitator between the loan institution and the client. This position requires a bachelor’s degree in finance, economics or any related field.
3. Financial Analyst
A financial analyst plays a role in helping businesses or individuals make investment decisions. An analyst is required to have a bachelor’s degree in administration, accounting, finance or statistics, but a master’s degree is most preferred.
4. Personal Financial Adviser
A personal financial adviser helps to manage customer’s money to meet their long-and-short term goals which may include planning for retirement, paying for college, etc. An adviser identifies different options and helps individuals manage their money. This job position requires a minimum of bachelor’s degree in accounting, economics or finance.
5. Accountant
This is one of the well-known positions in the banking industry. The accountant is responsible for analyzing, planning and evaluating business expenses and income. An accountant is required to have a bachelor’s degree in accounting or a related field, but a master’s degree is also preferable.
6. Auditor
The role of an auditor is to analyze and examine accounting records and prepare financial reports for clients. This position usually requires a bachelor’s degree, but a master’s degree is of added advantage.
7. Collector
A collector keeps track of accounts that are overdue and attempts to collect payment on them. This position requires computer literacy and good communication skills and a collector must possess at least a high school diploma, but a college degree is preferred.
8. Treasurer
A treasurer is in charge of directing the financial goals, objectives, and budgets of an organization. The duties also include overseeing the investment of funds and executing strategies for raising capital. A treasurer is required to have a bachelor’s degree in accounting, business administration, economics, or finance, but a master’s degree is also preferred.
9. Buyer
A buyer is responsible for reviewing demand and obtaining parts to meet the production requirements. The buyer buys the goods and services needed by a company either to sell it to customers or for use by the establishment. This position requires a bachelor’s degree or master’s degree in business, economics or any related field.
10. Budget Analyst
A budget analyst provides analysis and assistance to companies to help develop their annual budgets, decides how to allocate current resources and estimates future financial requirements. A budget analyst is required to possess a bachelor’s degree in accounting, business, economics, finance, statistics, political science or sociology, but a master’s degree is often preferred.
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