Banking is a great career path for anyone who is good with numbers and with people. It offers great flexibility for those who are simply looking for part-time work, but can also provide opportunities for advancement within local bank branches, as well as the larger banking industry.
According to the U.S. Bureau of Labor Statistics, banking jobs in the commercial sector are expected to increase by 2.3% from March 2015 to March 2016; employment in savings institutions are expected to drop by 16.6%; and jobs in credit unions are expected to rise by 3.6%.
While banking jobs have undoubtedly taken a hit due to the increased use of online banking and automated teller machines, there is still the need for warm, friendly faces to welcome customers in person at the bank itself. Many banks have also responded to the busy schedules of their customers by extending their hours into the evenings and weekends, creating more opportunity for those who are willing to work outside of the normal nine-to-five schedule.
Many banks offer entry level positions to candidates with a high-school education, an aptitude for math, and strong communication skills. These positions come with on-the-job training and opportunity for advancement. According to the U.S. Bureau of Labor Statistics, the median pay for bank tellers is $26,410 per year, while the median pay for loan officers is $63,430.
Where to Look for Banking Jobs
The following job search sites focus on banking:
- American Bankers Association – ABA represents small, regional and large banks that employ more than 2 million women and men, holding nearly $17 trillion in assets. ABA provides a job bank that is searchable, lists top jobs, and provides an opportunity to post your resume.
- Association for Financial Professionals – AFP represents finance executives globally. The online job search requires users to register to apply for jobs, but you can search prior to registering.
- Independent Community Bankers of America – ICBA represents nearly 6,000 community banks across the United States. The ICBA job bank provides listings for jobs within its association.
- Mortgage Bankers Association – MBA bills itself as the only association that represents all segments of the real estate finance industry. It features a searchable job bank and also organizes events, such as online job fairs.
- Centre for Excellence in Financial Services Education – CoEFSE provides a Financial Services Career Advisor that allows you to self-evaluate your skills and interests, and be matched with in-demand careers within the Canadian financial services industry. While it doesn’t have current job listings, it can help you discern the next steps you may wish to take to embark on a career in banking.
Banking Resume Samples
- Account Manager Resume
- Bank Branch Manager Resume
- Bank Teller Resume
- Banker Resume
- Banking Resume
- Banking and Lending Executive Resume
- Hedge Fund Manager Resume
- Investment Banker Resume
- Loan Officer Resume
- Mortgage Broker Resume
- Trust Officer Resume
- Underwriter Resume
Banking Cover Letter Samples
- Bank Customer Service Representative Cover Letter
- Banker Cover Letter
- Hedge Fund Manager Cover Letter
- Loan Officer Cover Letter