When most people think of a typical banking job they usually picture the friendly teller they see behind the counter at a local bank branch. A bank teller is the public face of most banks, but behind the public face is the massive non-public array of associated jobs and industries that surround and support the banking and finance sector.
Researching Finance, Banking, and Insurance Careers
If you are considering seeking work in the banking and financial services industry, then take a little time to research the potential array of careers available.
Only a small percentage of total banking staff faces the public each day. Customer service or teller roles and sales staff are just the public face of most banking and insurance companies. Behind these public faces are multitudes of assessing staff, financial analysts, processing operators, problem-solving teams, investment and risk assessors, underwriting teams, and many other people.
Consider your own working preferences, your personality, and your current skill set. You will find that you will easily be able to match your current skills with a large number of available banking or financial opportunities that may lead to any number of positive career moves.
Getting a Head-Start on Your Financial Services Career
Many financial corporations will advertise job vacancies internally prior to listing available positions on job sites, so applying for a position that is not quite the ideal career move for you right now may lead to great career opportunities in future. Securing your position within a financial institution means you may be able to secure future opportunities much sooner than by simply waiting for the next job listing to appear.
In this internal promotion structure, it is possible to begin your banking career as a processor while you complete studies and then progress through various financially related roles on your way through to securing any number of financial analyst jobs.
On-the-Job Training in Banking
In an effort to secure quality employees, many banks and financial institutions will happily hire staff to fill entry-level positions, but they will also encourage all staff to continue their education in order to offer internal promotion opportunities.
Once you have secured a position within a financial institution, many employees find that on-the-job training practices and internal promotion structures means you could be advancing into a promising banking career, regardless of where you started as an employee.
Accountant Jobs
Most accounting graduates assume they will end up working in an accountancy firm completing clients’ tax returns. What many do not realize is that banks, investment companies, insurance corporations, and many financial services organizations require accountants in almost every aspect.
Accountant jobs feature prominently in most financial services job vacancy listings, so if you are an accountant looking for more challenges from your existing career, or perhaps you are just wanting to shift away from traditional banking roles into an accountant job, then consider searching for an entry into a banking position.
Investment Jobs
The sharp increase in available investment jobs is most likely due to the large number of people taking a sudden interest in the performance of their own retirement funds. Even if you might not be qualified to take on the role of an investment advisor, you may be able to improve your qualifications significantly by entering into a supporting investment job. The employment roles surrounding most investment jobs include investment support staff, customer service staff, investment analysts, risk assessors, and processing staff, among others.
Applying for a supporting position may be the ideal way to improve your qualifications so that you will have experience in an investment job when it comes time to apply for a higher-paying position.
Insurance Jobs
Most major banks offer a range of insurance products to their customers, so this involves hiring a large number of insurance qualified staff to support the demand. Insurance jobs entail industry knowledge and continuing training to stay on top of the ever-changing rules and regulations surrounding the insurance industry. Insurance sales positions form only a small portion of the total insurance related work force.
High-Paying Banking and Finance Jobs
It is no secret that banking and finance executives enjoy very high salaries, but these enormous pay packets come with huge responsibilities too.
The majority of banks and financial companies hire their executive staff from applicants who can demonstrate long track records of banking employment history and can display a professionally presented resume that accurately outlines a solid banking and financial education.
If a high-paying banking or financial services job is your ideal career goal, then perhaps you should consider beginning your banking career as early as possible so that your banking employment history can be documented while you work your way up the career ladder until you reach the banking job you desire.
Working in finance, banking, and insurance where there is work for everyone means that you can secure your financial future while at the same time enjoying a wide range of satisfying positions and potential internal promotion opportunities that suit your goals.
