Banks are part of our everyday lives in a big way. They safe keep our livelihood, in this case our funds, and allow us access to them via debit cards, checks or other methods like ATM machines. If it weren’t for banks, we’d all be stashing our entire lives under a mattress. This is one industry that will never stop growing, so now is the time to start applying to bank jobs in your area!
Today we’ll look at some of the responsibilities you’ll have as a banker, and what kind of salary you should be expecting. It’s time to make money while dealing with money at the same time!
A Banker’s Job Description: Employment Forms and Career Details
There are over 1.3 million people currently working in the banking industry. The Bureau of Labor Statistics also states that this industry will remain steady for the long-term. There are over 6,000 FDIC-insured banking establishments, and over 90% of them produce profits.
You can’t go anywhere these days without passing several banks, they are truly everywhere. Common positions in a bank include tellers, security personnel, maintenance members for the ATM locations, and loan officers.
If you have a college degree and experience, you can expect to find additional opportunities for higher level positions. Entry level positions like tellers or security only require that you are eighteen or older and have a high school diploma or GED. Other positions like Financial Manager and Loan Officer require a bachelor’s degree in a field like accounting, economics, or business.
Working in this field will require a strong sense of mathematics and communication abilities. Now that banks have begun utilizing smartphone technology and online banking you should also be familiar with entry level forms of tech support.
Over the course of a normal day, you’ll handle money, record data, and assist customers. The most common attire is formal or business-casual. Most positions are full-time but some part-time positions are available.
In terms of salary, tellers commonly make around $12.00 per hour. If you’re working as a loan officer though, you can expect roughly $60,000 annually. Most of the larger banking institutions will offer medical benefits and 401(k) retirement plans to their full-time employees.
Here are some common positions and specific salary ranges:
Bank Teller – Tellers are the entry-level members of the bank. They are tasked with helping customers with deposits, withdrawals, cashing checks, solving issues, and other responsibilities. Pay is between $10 and $14 per hour for this position. Hours are usually steady and range from 8:00 am to 5:00 pm on weekdays.
Personal Banker – In this position, you will be tasked with building relationships with your customers, giving them financial advice, and helping them properly manage their money. Salary for this position ranges between $30,000 to $40,000 annually.
In terms of banks to apply to, here are some examples of well-known institutions:
Over time we will have specific pages for each of these institutions that will help you gather all of the information you need to apply. Be sure to bookmark this page so you can check back for additional updates on available bank jobs!