About Careers in Banking
Careers in banking can be found in various institutions such as commercial banks, credit unions and savings and loan associations. Occupations include those related to financial support, customer service, administrative support and management. Many of these occupations require only a high school diploma, while others require a college degree.
Administrative Careers
- Bank Tellers--Bank tellers provide financial services to the public by making deposits and withdrawals, taking loan payments and cashing checks. The job of a teller usually does not require a secondary education. A high school diploma and the ability to be trained on the job are all that is required.
- New Account Clerks--A new account clerk assists customers in opening new accounts and applying for banking services. They meet with customers to obtain the application information needed to open new accounts and explain procedures such as using ATM cards.
- Loan Clerks--A loan clerk processes loan applications to determine an individual’s credit history when applying for a loan. Education required includes a high school diploma and on-the-job training.
- Bill Collectors--A bill collector attempts to collect overdue payments on loans. This position requires a high school diploma with a preference for experience in customer service.
Management and Financial Careers
- Financial Managers--Financial managers direct all functions of bank branches. They hire employees, approve credit and aid customers when problems occur with accounts. A successful manager should be familiar with sales and should have a thorough knowledge of the products. A bachelor’s degree is often required for this position.
- Loan Officers--Loan officers approve applicants for loans that may be needed for a mortgage or a car. They obtain the information needed for the loan and inform customers of the best loans available for their needs. Educational requirements can be anywhere from a high school diploma to a bachelor’s degree.
- Financial Service Sales Agents--A financial service sales agent sells banking and investing products like securities and insurance. Education required includes a bachelor’s degree in business or finance.