Business banking officers are responsible for conjunctions of new bank relationships and watching over client portfolios. They will also need to work closely with a retail branch to generate new business through networking, calling, and in-person visits.
They may want to have a bachelor's degree in commerce or economics with a major in banking or finance. They may also consider taking a VET qualification test. Applicants need to develop banking services, financial services, banking services management, accounts administration, accounting, or bookkeeping.
Business banking officers can expect to make an average salary of $63,203 per year or $30.39 per hour. Their salary may drastically improve if they manage to work for a reputable institution. Furthermore, the number of clients they bring to their company will decide the rate of payment.
There is more than meets the eye when it comes to being a business banking officer. For example, did you know that they make an average of $30.39 an hour? That's $63,203 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.
There are certain skills that many business banking officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed customer-service skills, initiative and detail oriented.
When it comes to the most important skills required to be a business banking officer, we found that a lot of resumes listed 16.3% of business banking officers included financial statements, while 11.7% of resumes included business development, and 8.6% of resumes included customer relationships. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the business banking officer job title. But what industry to start with? Most business banking officers actually find jobs in the finance and education industries.
If you're interested in becoming a business banking officer, one of the first things to consider is how much education you need. We've determined that 50.7% of business banking officers have a bachelor's degree. In terms of higher education levels, we found that 30.4% of business banking officers have master's degrees. Even though most business banking officers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a business banking officer. When we researched the most common majors for a business banking officer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on business banking officer resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a business banking officer. In fact, many business banking officer jobs require experience in a role such as branch manager. Meanwhile, many business banking officers also have previous career experience in roles such as manager, assistant vice president or assistant vice president.