Wednesday, December 25, 2019
Top Job Titles in the Banking Industry
Top Job Titles in the Banking IndustryTop Job Titles in the Banking IndustryFor people who thrive on the order and accuracy offinances, the banking industry is a natural fit. Whether you love balancing your checkbook or enjoy creating budgeting spreadsheets, you may have considered a job in banking to make use of your attention to detail. The best part about a career in banking is that you can ultimately choose from a large number of banking titles. Types of Banking Jobs Most people realize there are accountants, loan officers, and bank tellers. However, many people dont know just how many different types of positions there are in the banking industry. No matter your previous work experience or college major, you may want to consider a career in banking. Below is just a sampling of different banking titles you could hold Financial Analyst As a financial analyst, you help businesses or individuals make investment decisions. Typically, you need at least a bachelors degree, but a masters degree is preferred.You may need to earn a Chartered Financial Analyst (CFA) credential to qualify for many financial analyst positions. Personal Financial Advisers Personal financial advisers help individuals manage their money to meet their short- and long-term goals. From planning for retirement to figuring out how to pay for college, advisers identify different options and help individuals make the most of their money, such as through special tax exemptions or incentives.Youll need a minimum of a bachelors degree, and it helps to have taken courses in finance, accounting, and economics. Accountants One of the most well-known financial positions, accountants analyze, plan, and evaluate business expenses and income. Many accountants have a bachelors degree only, but a masters degree is useful, too.You may also need to sit for the Certified Public Accountant (CPA) exam, especially if you want to work for a public accounting firm. Your CPA license is required if yo u intend to provide accounting services to the public. You dont need it to work in the accounting department of a company. Auditors Auditors review accounting records on behalf of clients, looking for discrepancies or losses. Loan Officers Loan officers help people identify and apply for loans, from mortgages to personal loans. They evaluate the candidates job history, income,and overall creditworthiness. Loan officers typically have a background and education in finance or economics.Being a loan officer is a great career choice if you like working with people. Collectors While collectors tend to get a bad reputation, they play a pivotal role for companies. They manage accounts and keep track of bills and attempt to collect on past due invoices. Many collector positions require just a high school diploma, but a bachelors degree is welcome. Bank Tellers Bank tellers are usually the first person a customer sees their banking business. Bank tellers cash checks, accept d eposits, and process account withdrawals. Most bank tellers have a high school diploma but holding an associates or bachelors degree can be helpful for those bank tellers who want to move up in the ranks to become a loan officer, personal banker, or bank manager jobs. Treasurers Treasurers manage an organizations finances, objectives, and goals. They maintain the organizations budget and oversee investment strategies and major expenditures. Most treasurer position requires advanced degrees, such as a masters or Ph.D.Also, having other banking and finance credentials can be helpful. For those interested in money and financial management, many options are available beyond the classic bank teller or loan officerroles. Whether you enjoy working with large companies or helping families get their finances and futures in order, careers are available that can engage and fulfill you. Also, theres plenty of room to move up to higher paying positions as you gain experience, especially if y oure able to further your education. Check out your options to find the best career fit based on your interests, skills, and education level. Banking Job Titles A - Z List Agricultural LenderAnalyst, Bankruptcy helfende handAnti-Money Laundering AuditorAssistant Branch ManagerAssistant Trust AdministratorAudit ManagerBank ExaminerBankruptcy/Foreclosure CoordinatorBilingual Client Services RepresentativeBranch ManagerBusiness Banking Loan Administration ManagerBusiness Banking OfficerBusiness Intelligence ManagerClient Service ManagerCollectorCommercial Relationship Management AssistantCommon Trust Fund AccountantConsumer Credit AnalystConsumer Finance Assistant ManagerConsumer Loans Processor Consumer Loan UnderwriterCustody Investment SpecialistCustomer Service RepresentativeDefault SpecialistEscrow ManagereServices Quality AnalystHead TellerInternal AuditorInvestment Accounting AnalystInvestment Management Operations AnalystInvestment Management SpecialistInvestment PlannerJun ior Analyst - Asset ManagementLead Business Consultant, Banking Innovation CenterLead Syndication SpecialistLending ManagerLoan Officer TraineeLoan RepresentativeLoan Support SpecialistLock Box ClerkLoss Recovery Manager Mortgage ConsultantMortgage Operations Support TechnicianNew Accounts BankerOnline Customer Service RepresentativeOrigination Loan OfficerPersonal BankerPhone BankerPremier BankerRegulatory Compliance AnalystRelationship Manager, Commercial LendingSenior Financial AnalystSenior Investment AnalystSenior TellerSenior Trust ConsultantTechnology Risk ManagerTellerTrust Asset ManagerTrust AssistantWire Department Manager
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