Commercial banks are a vital part of the financial system. They help small businesses, families, and individuals make their money work for them. There are many types of jobs in commercial banks, from lending to managing deposits and investing.
There are many types of jobs in commercial banks
There are many types of jobs in commercial banks. The main categories have common job titles, such as:
- Cashier
- Bank teller
- Credit analyst and counselor (CAC)
There are five main categories of jobs in bank branches: credit and risk management, compliance and legal, corporate services, human resources, information technology (IT), and investment banking.
How many jobs are available in commercial banks?
So, How many jobs are available in commercial banks?
The Federal Reserve Board reports that there are over 100,000 people working as bank tellers, loan officers, and cashiers. The number of jobs available in commercial banks varies by field and region. Around 10,000 jobs are available in commercial banks. In addition to the traditional bank teller job titles listed above, other positions include:
- Account manager – responsible for managing accounts or relationships with clients or customers; may also be responsible for developing new business opportunities
- Business analyst – analyzes existing data as part of a larger project or analysis; may conduct research on behalf of senior managers
- Communications specialist – provides support services related to marketing strategies (e-mail newsletters)
- Credit analyst/credit officer – analyzes credit information about potential borrowers who apply for loans from commercial banks
Why Choose a Commercial bank Job?
- You’ll have a rewarding career
- Good pay
- Lots of opportunities for promotions
- Good work-life balance
Conclusion
All in all, banking is a great career option if you love math, numbers, and finance. The biggest drawback to this field is that there are only so many jobs available at any given time due to competition between banks.
