Major Banks is considered to be a great career path as it provides people with a vast range of career opportunities that are available in the industry. In this article, I will be discussing “how many jobs are available in major banks” and more.
Keep reading till the end of the article to find out more information about the different types of jobs that you are going to be able to avail in this sector!
What Does This Particular Career Path Entail?
Major Banks refers to the sector that provides a wide range of services to various consumers, whether it is in mainstream commercial banking or banking services. The people who opt for this career path frequently specialize in one or two aspects of banking services.
A few of the more common types of specialty services that the major banks mainly operate in are – corporate banking, retail banking, wealth management, digital and technology banking, investment banking, etc.
Popular Jobs To Opt For In This Field
Now onto answering “how many jobs are available in major banks” – which you have mainly come here for. In this section of the article, I will be discussing some of the more popular types of jobs in Major Banks.
Here is a list of some of the more popular jobs that you are going to be able to opt for in this field:
1. Bank Clerk
The primary duties of a Bank Clerk also include handling transactions that are made right within a branch. This job path involves handling money, as and when people come into the bank to make either deposits/take out withdrawals.
These people also have to give out customer service as they are required to resolve queries, if any faced by the customers.
| The average salary for the role of Bank Clerks in the US is $32,672 (yearly). |
2. Personal Banker
A personal banker is tasked with directly dealing with the customers who visit the branch. They aid the customers with tasks like – general management of accounts and setting up of accounts.
These people also have the duty of using their vast knowledge of the banking industry and offering advice on financial products to customers.
| The average salary for the role of Personal Bankers in the US is $48,757 (yearly). |
Keep reading till the end of the article to find out information about “how many jobs are available in major banks”!
3. Credit Analyst
The Credit Analysts make use of their expertise for determining whether the credit of an applicant is creditworthy. This also means that they have to make an estimate of whether an applicant will be able to pay credit back or not. They do this by running a check on their credit history.
An applicant’s credit could be for individuals or businesses, and a credit analyst is always aware of the differences between two of these types and then makes their decision – all based on that.
| The average salary for the role of Credit Analysts in the US is $66,339 (yearly). |
4. Loan Assistant
A Loan Assistant takes on all of the administrative duties that involve loans. This includes filling up paperwork, checking whether the paperwork has been completed in the right manner, and arranging meetings with the various applicants for loans.
These people also need to contact the applicants’ and let them know if there are any issues that arise from the applicants’ side.
| The average salary for the role of Loan Assistant in the US is $64,092 (yearly). |
5. Mortgage Banker
Whenever the branch receives any new applicants for mortgages, these bankers then assess all of them and decide whether it proves to be a good idea to have the mortgages granted.
They can make such decisions by looking at the finer details of their financial status (of the applicant). If the received application conforms with all the standards then the mortgages get approved.
| The average salary for the role of Mortgage Bankers in the US is $63,2555 (yearly). |
6. Internal Audit
An Internal Auditor is mainly concerned with assessing the effectiveness of how an entire branch of a bank is run. It falls on part of their duty to check how the different processes within a branch comply with the pre-set procedures/regulations.
Based on all of their findings of reviewing, they conduct risk assessments and make financial reports. These people might also present evidence to bank managers along with advice regarding how to proceed.
| The average salary for the role of Internal Auditors in the US is $89,261 (yearly). |
7. Branch Manager
These managers are responsible for the whole functioning and running of a branch. The success of each branch is ultimately up to the branch managers mainly.
Amongst their primary duties, they oversee the employment of all the other staff of the bank to ensure that all of the transactions are processed quickly.
Generally, these people also do customer service tasks along with their primary work – like keeping track of whether their branch is keeping any form of targets regarding loan growth.
| The average salary for the role of Branch Managers in the US is $68,153 (yearly). |
8. Loan Officer
The Loan Officers are mainly tasked with ensuring whether the people who apply for loans are even suitable applicants. This also involves evaluating their creditworthiness and then deciding between being able to meet the various terms of getting the loan.
Another one of the primary responsibilities of these officers is to ensure that the loans are being paid on time – by the branch.
| The average salary for the role of Loan Officers in the US is $182,323 (yearly). |
9. Underwriter
The role of Underwriters in a bank also involves conducting risk assessments for the applicants of loans and insurance.
After the applicants get approved, it becomes the duty of the Underwriter only to decide on repayment/premium amount. They also work with loan officers and offer up their expertise to assist the bank – so that they can provide the best judgments.
| The average salary for the role of Underwriters in the US is $89,700 (yearly). |
To Wrap It Up!
If you are thinking about opting for a career in the major bank’s path then by all means go ahead with it. In this sector, there are a lot of growth opportunities that you are going to get. Thank you for reading here.
I hope you found the given information regarding “how many jobs are available in major banks” useful.
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