Is a Career in Major Banks a Good Choice? (15 High-Paying & Entry-Level Jobs)

Absolutely, a career in Major Banks is a promising path. If you have a passion for finance and banking, working with a major bank can be a fulfilling and accessible career option. Popular roles include bank tellers, financial analysts, and loan officers, but the spectrum of positions within financial institutions is broad and varied.

Banking offers a stable career with consistent hours, making it ideal for those who enjoy interacting with clients and possess strong attention to detail. It’s a great career path for newcomers, featuring significant opportunities for advancement. Furthermore, banking provides a level of job security that is appealing in today’s labor market.

Here are 15 great jobs in Major Banks:

1. Chief Financial Officer Jobs (Overview)

2. Financial Manager Jobs (Overview)

3. Portfolio Manager Jobs (Overview)

4. Budget Analyst Jobs (Overview)

5. Accounting Manager Jobs (Overview)

6. Auditor Jobs (Overview)

7. Loan Officer Jobs (Overview)

8. Assistant Manager Jobs (Overview)

9. Personal Banker Jobs (Overview)

10. Security Guard Jobs (Overview)

11. Teller Jobs (Overview)

12. Fraud Analyst Jobs (Overview)

13. Notary Public Jobs (Overview)

The 8 Highest-Paying Jobs in Major Banks

A career in banking can be highly rewarding financially, especially for individuals with advanced education and experience. Here are some of the most lucrative positions available at major banks.

1. Chief Financial Officer

   Average Annual Salary: $144,000

   The Chief Financial Officer (CFO) oversees all financial operations, strategic planning, and growth initiatives for the bank. This position requires a deep understanding of financial markets and the ability to communicate effectively with other executives.

   CFOs typically hold at least a Bachelor’s Degree in Business or Finance, along with extensive experience in the financial sector.

   Find Chief Financial Officer jobs near me

2. Financial Manager

   Average Annual Salary: $118,000

   Financial Managers are responsible for preparing reports and implementing financial policies that align with the bank’s goals. They often lead teams of analysts and make critical investment decisions.

   A minimum of five years of experience in finance, coupled with a graduate degree in business or economics, is typically required.

   Find Financial Manager jobs near me

3. Portfolio Manager

   Average Annual Salary: $126,000

   Portfolio Managers work with clients to determine investment strategies that align with their financial goals. This role requires excellent relationship-building skills and market knowledge.

   Find Portfolio Manager jobs near me

4. Financial Analyst

   Average Annual Salary: N/A

   Financial Analysts examine financial data to inform decision-making within the bank. This role requires strong analytical skills and the ability to create forecasts for investment opportunities.

5. Budget Analyst

   Average Annual Salary: $58,000

   Budget Analysts help organizations allocate resources effectively by analyzing financial data and providing recommendations to improve budgeting practices.

   Find Budget Analyst jobs near me

6. Accounting Manager

   Average Annual Salary: $82,000

   Accounting Managers oversee financial reporting and compliance. They may specialize in various areas such as taxation or corporate finance.

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7. Accountant or Auditor

   Average Annual Salary: $59,000

   Accountants and Auditors work to ensure financial accuracy and compliance, often identifying potential losses before they occur.

   Find Auditor jobs near me

8. Loan Officer

   Average Annual Salary: $44,000

   Loan Officers guide clients through the loan application process and assess their financial information to determine loan eligibility.

   Find Loan Officer jobs near me

7 Entry-Level Jobs in Major Banks

The banking sector offers a variety of entry-level positions that are perfect for recent graduates or those looking to switch careers. Here are some popular entry-level jobs in banking:

1. Assistant Manager

   Average Annual Salary: $44,000

   Assistant Managers support branch managers in daily operations and customer service. This role often leads to higher management positions.

   Find Assistant Manager jobs near me

2. Personal Banker

   Average Annual Salary: $61,000

   Personal Bankers assist clients with their accounts and investments, requiring strong interpersonal skills to build lasting relationships.

   Find Personal Banker jobs near me

3. Security Guard

   Average Annual Salary: $30,000

   Security Guards maintain a safe environment within bank premises, dealing with security threats and emergencies.

   Find Security Guard jobs near me

4. Teller

   Average Annual Salary: $31,000

   Tellers assist customers with transactions and inquiries, requiring strong customer service skills and attention to detail.

   Find Teller jobs near me

5. Fraud Analyst

   Average Annual Salary: $53,000

   Fraud Analysts investigate suspicious activities and protect the bank from fraudulent transactions, requiring keen analytical skills.

   Find Fraud Analyst jobs near me

6. Notary Public

   Average Annual Salary: $61,000

   Notary Publics serve as impartial witnesses for document signings, ensuring legality and compliance.

   Find Notary Public jobs near me

7. Assistant Underwriter

   Average Annual Salary: N/A

   Assistant Underwriters support more experienced underwriters in assessing loan applications and determining eligibility.

Why Choose a Career in Major Banks?

Choosing a career in banking offers numerous advantages. It’s a stable field that provides financial security and valuable skills that can benefit your career, whether you stay in banking or move to another industry. Here are some key benefits of pursuing a banking career:

• Competitive Salaries. Many major banks across the country offer attractive salaries, allowing you to negotiate and find opportunities that match your financial goals.

• Comprehensive Benefits. Banking jobs typically come with health insurance, retirement plans, and paid time off, enhancing overall job satisfaction.

• Career Growth. There are numerous paths for advancement within banking, along with ample opportunities for professional development and continuing education.

Education and Certification Requirements for a Career in Major Banks

The educational requirements for banking careers can vary widely based on the specific role. A career in banking is ideal for individuals who excel in mathematics and enjoy working with the public. Below are some common educational paths:

• Undergraduate Degree. Most banking professionals hold a Bachelor of Science in Finance, which lays the groundwork in financial principles and management.

• Accounting-Specific Degrees. For those interested in accounting, pursuing a Bachelor of Science in Accounting can provide specialized knowledge of accounting systems and practices.

• Advanced Degrees. Many professionals pursue a Master of Business Administration (MBA) or a Master of Science in Finance for higher-level positions, opening up new opportunities in the banking sector.

What Do People Working in Major Banks Do?

A career in banking offers a range of opportunities, from entry-level roles to senior management positions. Banking professionals engage with clients, help them manage their finances, and provide guidance on investments and savings. Those pursuing banking careers should possess strong interpersonal skills, integrity, and a commitment to compliance with regulatory standards. Overall, a career in major banks is a stable and rewarding choice with ample potential for financial growth.

Author

Caitlin Mazur

Caitlin Mazur is a freelance writer at Zippia. Caitlin is passionate about helping Zippia’s readers land the jobs of their dreams by offering content that discusses job-seeking advice based on experience and extensive research. Caitlin holds a degree in English from Saint Joseph’s University in Philadelphia, PA.