Banking job description

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There are many types of banking positions. For the majority of roles, banks will take graduates on through training schemes. However, it has been known for management level bankers to have built a career in the sector after starting as a customer adviser
The role of the banker is to assist individuals with loans so they can purchase homes or cars, and to invest their money to make a good return. In other branches of banking, retail bankers help individuals in bank branches or over the phone and internet to manage their money. Private bankers will do the same but will usually focus on wealthier clients. Meanwhile, commercial bankers will provide small businesses with the necessary loans to grow their company
Investment bankers have all kinds of responsibilities, such as mergers and acquisitions, lending privitisations, issuing bonds and overseeing IPOs. The salary is for this role begins at £32,000 and can rise to £150,000 with sizable bonuses. For other banking roles, salaries begin at £15,000 but can rise to over £100,000 with plenty of experience.

Description

Banking area is related to money, credit and other products offered by banks. These institutions can be commercial banks that offer accounts for any person, saving banks, and cooperative banks. This industry involves several areas such as reinsurance, acquisitions, investments, private banking, fund management, insurance broking, trading, finance, among others, so there is a wide variety of professionals working on it.

People working on Banking area usually perform many of the following tasks:
• Advising about types of accounts.
• Managing money.
• Analysing client needs for insurance plans.
• Creating reports.
• Negotiating deals.

Skills

• Having math skills.
• Being methodical and organised.
• Having good communication skills.
• Being accurate.
• Being able to work with a team.
• Having understanding of client confidentiality.
• Being able to make decisions under pressure.
• Having IT skills.
• Being able to learn quickly.
• Being reliable and trustworthy.

Education

Banking is a wide area where qualification requirements depend on institutions and jobs offered. A general recommendation is to have a 2:1 degree or graduate training in math, economics, finance, or related subject, including a suitable number of UCAS points. It is also recommended to have an IT degree for certain job placements where it is necessary the use of computer software.

MBA or other specialist postgraduate qualifications are also welcome among candidates because they increase chances to get a better job.

Overview According to our data, these are the percent of job offers for banking.

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Companies According to our data, by number of offers, these are the top companies that are hiring for banking.

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Job Types According to our data, in percentages, these are the top job types available for banking.

Categories According to our data, by number of offers, these are the most popular categories for banking.

Cities According to our data, by number of offers, these are the top locations to get hired for banking.

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Salaries According to our data this is the average salary range offered for banking.

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