Universal bankers actively interact with customers daily. They open bank accounts, process transactions, and verify account holders' identities. They may also review documents and help resolve complaints. As a universal banker, you have career flexibility. You may offer private banking services or work as a loan clerk.
Universal bankers mostly work with commercial banks and, sometimes, investment organizations. Your specialization determines your specific duties. For example, a loan clerk may process application documents, assess borrowers' financial health, and offer advice. Private bankers, on the other hand, manage accounts, process transactions, and prepare financial reports.
To become a universal banker, you'll need skills like customer relations, management, and organization. You'll also need a degree in business or finance-related fields, as well as relevant job experience. Universal bankers working in investment firms require additional education and certifications.
There is more than meets the eye when it comes to being a universal banker. For example, did you know that they make an average of $15.21 an hour? That's $31,641 a year!
Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.
There are certain skills that many universal bankers 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 communication skills, organizational skills and math skills.
When it comes to the most important skills required to be a universal banker, we found that a lot of resumes listed 11.2% of universal bankers included communication, while 9.7% of resumes included customer relationships, and 7.7% of resumes included customer service. 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 universal banker job title. But what industry to start with? Most universal bankers actually find jobs in the finance and retail industries.
If you're interested in becoming a universal banker, one of the first things to consider is how much education you need. We've determined that 43.8% of universal bankers have a bachelor's degree. In terms of higher education levels, we found that 7.4% of universal bankers have master's degrees. Even though most universal bankers 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 universal banker. When we researched the most common majors for a universal banker, we found that they most commonly earn bachelor's degree degrees or high school diploma degrees. Other degrees that we often see on universal banker resumes include associate degree degrees or master's degree degrees.
You may find that experience in other jobs will help you become a universal banker. In fact, many universal banker jobs require experience in a role such as teller. Meanwhile, many universal bankers also have previous career experience in roles such as customer service representative or sales associate.