06 May 2014

Different Jobs in Banking and Finance Industries At A Glance

Despite heavy layoffs in 2008 and 2009, the banking sector has once again emerged among the fastest growing industries to offer better career options. This particular industry provides both lucrative and rewarding career opportunity to aspirants. According to an article published in Business Standard, the banking sector may come up with up to 20  fresh jobs in the next 5-10 years. This is because of issuance of new licenses and efforts being made by Reserve Bank of India and government. By this significant approach, the banking sector will be among the top job creators in 2014.

The Banking and finance industries looks for individuals who can sell and have operational, managerial and IT skills. Since a plenty of positions are available in banks and finance, a career is obviously varied and diverse. However, before deciding to work in this field, it needs to take a step back and consider which type of position would be suitable for you. Here is a list of some top positions in bank and finance with a brief highlight about them. Keep going ahead with this blog and determine which position you want to achieve.

Bank Teller

You can see bank tellers among the first people when you enter a bank. Bank Tellers offer excellent client service. They help resolve clients' problems by identifying referral opportunities for new products and services based on the customer’s financial goals. Apart from processing customer
Banking Jobs that Pay High Salaries
Banking Jobs that Pay High Salaries Flickr: 401(k) 2012
transactions (like loan payments, savings deposits and all), they explain clients about bank products like loans and certificates of deposit to customers. They also resolve account service issues and respond to clients quarries promptly and effectively.

For a bank teller, you need to have a strong customer service skill, excellent verbal and written communication skills, analytical and problem solving skills, basic computer skills, and much more.

Financial Analyst

Financial analyst is one of the foundation stones of a bank. A bank depends to the great extent upon financial analysts for their expertise and guidance on investments, borrowing and other financial decisions. A financial analyst plays a major role. He tracks financial status by keeping watch on variances of plans, determining financial status by analyzing and comparing plans and forecasts with actual results. They also contribute to improving financial status by analyzing results and variances; recommending actions, identifying trends; reconciling transactions by comparing and correcting data. Furthermore, a financial analyst increases productivity by developing automated applications; eliminating duplications; coordinating information requirements. He or she provides information to management by assembling and summarizing data; preparing reports; making presentations of findings, analyzes, and recommendations.

To work as a financial analyst, you need to have a bachelor's degree, often in accounting, business administration, statistics or finance.

Loan Officers

Employers generally recruit loan officers who also play a vital role and contribute for the growth of an organization. The role of a loan officer includes assisting individuals and firms in applying for loans, assessing individuals' creditworthiness and helps them determine the most appropriate type of loan for customer's needs. Moreover, a loan officer also evaluates loan applications by confirming credit worthiness, rejects applications by informing applicants of additional requirements, approves loans by issuing checks or forwarding applications to loan committee, helps customers by giving them complete information about interest and all.

If you want to apply for a loan officer, you need to have a degree in finance, economics or a related field. You can apply for jobs in banks and financial institutions or loan lending firms.


Aforesaid is a list of top positions that are offered in bank and finance industry. If you want to apply for them, find a professional school which provides courses relevant to these positions.

Author - Sumit Dawas is a leading content strategist for www.learnwithflip.com, a largest e- training and certification offering in  Banking and finance in India.


Vikesh Verma said...

Lots of openings in banking and finance sectors will reduce unemployment up to some extent of our country.

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