Bank job opportunities – find teller, manager, part time, and entry level positions
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Industry Outlook: Over 1.3 million people in the U.S. work in the banking industry The Bureau of Labor Statistics estimates the industry should remain steady for the foreseeable future. More than 6,300 FDIC-insured banking institutions exist as of March, 2014, and 92.7% consistently produce profits. The widespread presence of banks in the United States makes the industry a highly lucrative and viable option for job seekers looking for part-time, entry-level work or long-term, professional careers.
Work for a bank
Banking Positions: Along with teller positions available at branch locations, most banks hire security guards, maintenance workers for ATMs, and loan officers. In addition, applicants with college degrees and appropriate experience may access higher-level positions. Most entry-level jobs like teller or security guard require applicants to stand 18 years of age or older and possess a high school diploma or equivalent. Professional careers, including financial manager and loan officer, usually need at least a bachelor’s degree in a related field, such as accounting, economics, or business administration. A majority of jobs in the finance industry call for arithmetic skills, communication abilities, and analytical thinking. With the advent of mobile and online banking options, entry-level job hopefuls benefit from familiarity with basic tech support.
Work Environments: A typical work day at a bank entails handling money, compiling data, and interacting with customers. Employees generally wear formal or business-casual attire, often including nametags. Most banks employ associates full-time; however, part-time employment still remains available for some positions, as well. Tellers make approximately $12.00 per hour, while the median salary for loan officers centers around $60,000 per year. Most banks, including the largest institutions, like Bank of America and J.P. Morgan Chase, offer medical benefits and 401(k) retirement plans to full-time employees.
Banking Job Descriptions
Bank Teller – Essential to bank operations, bank tellers interact with customers and provide fast, accurate service. Basic customer service duties include accepting deposits, processing withdrawals, cashing checks, resolving customer issues, and promoting bank products and services. When needed, tellers also provide assistance in accessing safety deposit boxes. To ensure proper banking operations, tellers need to balance cash drawers before and after shifts. Employees must adhere to bank polices and procedures to ensure the safety and security of bank assets. Effective bank tellers must possess strong mathematical and communication skills. Banks encourage tellers to exhibit courteous attitudes to ensure positive guest relations. Competence with computers and calculators also benefits tellers. Bank tellers may work part-time or full-time and receive hourly pay ranging from $10.00 to $14.00. Most banks maintain steady hours, and tellers typically work 8:00 am to 5:00 pm shifts on weekdays. Tellers working on Saturdays usually work from 8:00 or 9:00 am to 1:00 pm.
Personal Banker – Personal bankers build close relationships with customers and provide strategic money management services. Continually making new connections with customers and strengthening existing ones, personal bankers strive for lifelong baking relationships. The skilled workers use in-depth knowledge of the banking industry and investing practices to help customers reach personal financial goals. Often assisting in preparing for large expenses, like college savings, home buying, and retirement planning, personal bankers evaluate needs and develop effective financial strategies. To provide the right solutions, personal bankers need to follow and understand the latest products and services banks offer. Bank branches commonly set sales goals for personal bankers to meet, further enforcing the need to keep up with the services the location provides. A full-time position, the job of a personal banker pays $30,000 to $40,000 a year in salary. Personal bankers may work weekdays or schedules that include Saturday shifts.
Branch Manager – A branch manager ensures the productivity and success of a designated bank location and takes responsibility for managing labor, customer care, and sales and branch operations. As the leader of a banking branch, the branch manager trains and develops associates and sets goals for workers to achieve. To ensure exceptional customer service, managers develop branch strategies designed to improve the customer experience and promote a workplace culture focused on developing customer relationships. Sales duties include generating sales reports and measuring results of sales initiatives, while operational duties involve maintaining staffing levels, enforcing compliance with bank security procedures, and keeping the branch organized and audit-ready at all times. Branch managers work full-time and earn salaries ranging from $50,000 to $80,000 per year. Managers usually work 8:00 am to 5:00 pm each weekday.