Is Major Banks A Good Career Path In 2021?

06 October 2021

Is major banks a good career path in 2021? How many jobs are available in major banks? What are the best-paying jobs in the major banking sectors?

Banking continues to be one of the most rewarding, competitive, and challenging careers in the corporate field. It offers several opportunities to learn about businesses and industries and is regarded as one of the top options for career growth.

The best part about this sector is that anyone interested can pursue this career. However, there are some pros and cons of this industry that you need to understand before choosing this as your career path.

What Are Banking Careers?

A banking career is any position within a financial institution. Some of the popular banking careers include bank administrators, trust and investment bankers, accountants, and bank tellers.

You can call this career path a service industry and do not require higher education. Moreover, careers at banks tend to be very stable, with close relationships among the customers and local residents.

These multinational financial institutions manage millions of transactions per day. On the other hand, you get a wide range of opportunities for advancement and promotions within the sections of the firm.

Is Major Banks A Good Career Path In 2021?

The answer to this question is an absolute Yes. Banks will hire and train you if you are willing to learn more and accept responsibilities in the long run. If you are already a part of the banking sector, you know well the types of benefits you get in this career path.

Now, let’s discuss some of the top benefits of pursuing a career in banking.

Career development opportunities
Reliable hours and good working conditions
Opportunities for advancement
Job security
A broad range of opportunities to choose from Excellent job benefits, including disability insurance, sick leave, paid time off, and medical insurance.
Competitive salaries
Continuing education and community service is highly encouraged.

Regardless of race, physical capabilities, age, national origin, or gender, a career in banking is open to all. However, attitude and aptitude are vital to your success. Financial institutions are always in search of individuals who are trustworthy and can calculate and balance numbers correctly.

How Many Jobs Are Available In Major Banks?

According to Statista, in the first quarter of 2020, there were 49,000 full-time employees working at the twelve largest investment banks all over the world which is 5% lower than the same quarter in the previous year.

Now, let’s discuss some of the top-paying jobs available in the major banks that may interest you.

i). Bank Teller

This is the simplest of all jobs associated with banking. Bank Tellers process the day-to-day transactions and serve as the customer representatives for the bank. They assist customers with customers involving cash checking, withdrawals, transfers, and deposits.

Besides, individuals involved in this sector have a high school diploma but holding a bachelor’s degree can help you to get a higher position in this same sector.

ii). Collector

A Collector in a bank offers innovative and cost-effective financial solutions to corporate and private customers. However, they tend to get a bad reputation among others yet play a key role for businesses.

For this position, you require a high school diploma, or simply a bachelor’s degree is enough. The average salary of these individuals is more than $40,000.

iii). Loan Officer

Loan Officer is another best-paying job in the major bank’s sector. These officers serve like salespeople, attracting customers for loans. They evaluate the customer’s overall creditworthiness, income, and job history.

Moreover, these individuals must be at the right time and right place to get the best conversions. To get this position, you must have a finance and economics background.

iv). Branch Manager

The Branch Manager or Bank Manager manages operations, including training and hiring staff. In addition, they set goals and take care of the branch’s budget.

As a bank manager, you need to manage all the functions of the branch, making sure that the branch meets its objectives, building a reputation, developing customer relations, supervising the loans, and much more.

v). Accountant

The Accountant is also one of the top-paying jobs in the major bank sector. This is one of the most popular financial positions that evaluate, plan, and analyze income and business expenses.

If you are willing to work in a public accounting firm, you need to sit for the Certified Public Accountant exam.

vi). Personal Financial Advisor

Personal Financial Advisors help people make money to meet their short and long-term objectives. These are professionals who offer tailored monetary advice and services to customers.

Financial Advisors create monetary strategies for the clients that consist of a complete evaluation of their present and future financial state.

vii). Financial Analyst

As a Financial Analyst, you help individuals or businesses make investment decisions. To get this job position, you need a bachelor’s degree to get started in this field.

Financial analysts also work in insurance companies, pension funds, and other firms. These individuals guide individuals and businesses in settlements about disbursing money to attain a profit.

Closing Thoughts

Is major banks a good career path in 2021? I hope that you have already got an answer to your question. Careers in major banks can be rewarding both in terms of opportunities and remuneration. The above listed are the most appreciated jobs in the banking sectors that you can consider too.

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Is Industrial Machinery/Components A Good Career Path In 2023?

Is industrial machinery/components a good career path in 2021? How many jobs are available in industrial machinery/components? What are the best paying jobs in industrial machinery/components? In this article, we are going to throw some light on the above-listed queries in detail. Everything in our lives is digitalized, and automation has become a part of every manufacturing infrastructure and equipment. Industrial machinery workers are accountable for repairing and maintaining firm machines, be it packaging equipment or production machinery. A Basic Introduction To Industrial Machinery/Components Industrial machinery/components are defined as companies providing automation, control solutions, equipment, and machinery for industrial infrastructure, energy, and manufacturing. This machinery is very diverse as many types of equipment are used for various purposes in industrial settings. The machinery component is the heart of the digital revolution. Now, let’s proceed to know about this career field in detail. Is Industrial Machinery/Components A Good Career Path In 2023? The answer to this question is an absolute Yes. This is because the growth rate of industrial/machinery components is as fast as average at 5% from 2018 to 2028. At the same time, this is one of the oldest industries worldwide, and the job openings are numerous. If you possess talents relatable to this sector, then you can get highly rewarding annual salaries that will help to fulfill your life goals in the long run. Now, as a machinery learner, you can discover a career path in the below listed major divisions: Engine, turbine, and power transmission equipment manufacturing. Service and commercial industry manufacturing. Industrial machinery manufacturing. Air conditioning, heating, ventilation, and commercial refrigeration appliances manufacturing. Metalworking machinery manufacturing. Construction, agriculture, and mining machinery manufacturing. How Many Jobs Are Available In Industrial Machinery/Components? There is no doubt that there are many jobs available in industrial machinery/components and you might be interested in the same. Below listed are some of the best paying jobs in industrial machinery/components. However, before considering your career in this field, you must have the interest to do the same in the long run. Switching your career to similar fields such as electric utilities, oil & gas production, basic industries, energy, business services, hotels/resorts, public utilities, precious metals, capital goods, consumer durables, investment managers, commercial banks, home furnishings, homebuilding, etc., can also help you in the long run. What Are The Best Paying Jobs In Industrial Machinery/Components? If you are willing to choose your career in industrial machinery/components, you must consider the best paying jobs in the same. Let’s get to know this in detail. 1. Automation Engineers To become an Automation engineer, you must have a Bachelor’s or Master’s degree in any related field. Having experience in the food processing industry can be a plus point for you. The average salary of Automation Engineers is $90k per year. This is truly a good income that you can earn after becoming an engineer in the industrial machinery/components sector. 2. Welders, Cutters, Brazers, & Solderers Welders, Cutters, Brazers, and solderers are also top-paying jobs in industrial machinery/components in 2021. They make use of remotely controlled equipment to cut or join the metal parts. At the same time, they fill indentations, holes, and seams in metal products. So, Is industrial machinery/components a good career path in 2021? The answer would be yes. 3. Industrial Production Managers Industrial Production Managers also have great job responsibilities as well as salary. If you are willing to become a manager in industrial production, then you must have team management and leadership skills. Moreover, you should oversee the daily operations of the industry and related products. You need to plan, coordinate, or direct the activities used to produce paper products, computer equipment, cars, etc. 4. Assemblers & Fabricators Assemblers and fabricators collect finished goods and the parts that go into them. They make use of machines, tools, and hands to make control panels, electronic devices, boats, ships, aircraft, computers, and much more. This is one of the best careers related to industrial machinery mechanics that you choose for your own sake. However, you must have an interest in the same. 5. Instrumental Engineers These engineers are specialized in the equipment required to manage other automotive systems. The average salary of industrial machinery/components ranges from $100k per year. Isn’t this great? Industries, where there is a high requirement for instrumental engineers include quality control commissions, nuclear and renewable energy, environmental agencies, etc. The Final Thoughts I have tried my best to give a detailed answer to your question, “Is industrial machinery/components a good career path in 2023?” There are several types of jobs in industrial machinery/components, and you can choose any. Besides, if you come across any issues, then don’t forget to mention them in the comment section below! Learn This Things: How Many Jobs Are Available In Property-Casualty Insurers? Tips To Explain With Your Web Designer For Starting The Job Hotel Jobs In NYC – Top Reasons To Explore This Opportunity

Is Your Company Offering Enough to Potential Employees?

In a world where businesses can rise and fall in a single day, it’s important that your company offers your current and potential staff something that sets you apart from others in the industry. Not only does your company become more attractive to hard-working talent, but you can better retain employees who you have spent time and resource training. This is particularly important when you have hired account managers who are often the sole point of contact for your contracted customers or regular clients, you don’t want to have a revolving door of contacts as this can reflect poorly on the company as a whole. Catering to Staff Needs: While salary is a large part of keeping employees happy, without sufficient managerial training, dedicated employee support or a good working environment, you’ll find your employee turnover isn’t as low as you should be aiming for. To ensure your staff are comfortable while at work, they should at the very minimum have unrestricted access to the bathroom and freely able to quench their thirst with water. Additionally, you can offer facilities for tea and coffee, which the majority of workers drink, although if you find time spent making drinks or in the kitchen increases to non-productive levels, consider introducing tea breaks or reducing tea and coffee to a handful of rounds a day. Some offices offer their employees a mixture of healthy or unhealthy snacks or offer breakfast foods so staff can get into the office a bit earlier and settle at their desk before the day officially begins. The more you offer in the way of refreshments, the less your staff will need to leave the premises for lunch or tea breaks, this prevents employees from getting caught up in lunchtime traffic around cities and towns or busy industrial areas and sees productivity rise as staff feel less rushed to have their lunch and get back to work. Providing Quality Break Out Areas: If your company premises have space for a breakout area, it should be a nice area that staff wants to be, rather than somewhere they want to avoid. Add comfortable chairs, rather than cold, hard, fast food benches, fun colours or decoration that is aesthetically pleasing such as your company rewards and images of the company workforce. You can also provide a means of entertainment, whether this is a pool table, air hockey table or a games system. Something that not only gives your staff something to do while on their break but gives them the opportunity to socialise with each other in a less rigid environment. Talk to your existing staff about what they’d like to have available to them in a breakout area, take suggestions and possibly organise a fundraiser between the staff if their favourable and unanimous asks go above the company budget. Offer Bonuses and Rewards: In addition to a competitive salary, employees like to see rewards and/or bonuses for hitting goals and targets or when they have been working particularly hard for a specific client or to meet an impending deadline. While in the past, bonuses were typically monetary, there are alternative options for rewarding staff without having to cut an increased cheque. Where time and resource are available, consider gifting staff an extra paid day of annual leave or a more flexible working schedule to improve their work-life balance. You can also offer vouchers, meals out and experiences for your employees, although not everyone will appreciate these types of rewards so talk to your employees personally about setting up a reward or bonus scheme in your company. Together you can come up with some suitable personal rewards or general bonuses that can be given out and gratefully received by any hard-working individual. Spend some time looking for inspiration from bonus scheme examples with your staff and encourage them to set goals together as a team. Competitive Salary: The unfavourable topic, everyone wants more of it, some people may be eligible while others don’t meet the minimum requirements but sometimes companies can find themselves struggling to meet demands and keep all their staff happy. If you are concerned the salaries you are offering are not competitive enough for the industry, considering investing in a salary survey. This is a survey carried out by a dedicated pay review company that returns salaries currently being paid by unnamed competitors in the surrounding and expanded industry based on the employee’s job responsibilities. This allows you to compare like for like and check that your employees are being paid both competitively and fairly for the cost of living in your area and help you make informed remuneration decisions. Talk to your staff about what they feel is lacking in their work environment and work together to ensure needs and reasonable wants are catered to, this will show your staff you care and are loyal to their requirements as individuals. Don’t forget, a happy workforce is a productive one! Read Also: Tips To Improve The Onboarding Process At Your Company How To Live Healthily Even If You Have A Full-Time Job

Finding Your Path in Life: 5 Ways to Determine What You Want to Do in Life

Too many people plan their lives out according to someone else’s dream. They make decisions based on what they ‘should’ do instead of what they ‘want to do’, and end up chasing money, convenience, and easy options. But trying to determine what you want to do in life is far from simple. These are five ways to solve the puzzle and determine what you want to do, and once you know, give yourself a competitive edge and download free of charge resumes from LiveCareer. Put Yourself First: One of the biggest reasons why we overlook what we actually want to do is because we feel like we have to do something for other people. Put yourself first for a change. Ignore what your parents want you to do, or your boyfriend, girlfriend, husband or wife wants you to do and think about what you would be doing if none of them were in the equation. Think About Where You Want to Be in Five Years: It sounds like a cliché interview question, but spending some time thinking about your medium and long-term goals will help shed light on what you want to do with your life. It doesn’t matter if you actually end up there in five-years-time (you probably won’t), but as a thought exercise, thinking about where you want to be can help you discover what is important to you. Find the Common Thread in Your Experiences: Looking backwards can help you moving forwards. Look back through your previous work and personal experiences. What skills have been a common thread? Are there any recurring themes? Job titles, salaries, and companies can all change, but ultimately your career will be defined by your skills. Realizing what those skills are and how to apply them to your career to provide meaning is most of the battle. Establish What You Don’t Want to Do: Sometimes you may not know what you want, but you have a strong idea of what you don’t want. This is a good starting point and can help you work out how to avoid paths that definitely don’t appeal to you. Establish what you don’t want and be specific. Don’t simply assert that you don’t like working in an office. Be more specific. Working in the Google office is not the same as working in an accountancy office, for example. What aspect of office life doesn’t appeal to you? The inflexible hours? Micromanagers? Pointless job titles? All of these can be part of the office life but don’t have to be. Run with Side Projects: Do you have a side project that you have wanted to embark on for a while but have never found the time? Then make time! Side projects are an exceptional method of exploring new possibilities and hobbies. All it takes is the right side project and a huge injection of passion, and before you know it, you could have just discovered your next career. Finding what you want to do in life is as much about sparking your curiosity, igniting your passion, and discovering your interests as it is about choosing a job. There will be obstacles, both internal and external, but finding things you want to pursue, skills you want to learn, and places you want to be in the medium to long-term future are all important steps on the path of finding what it is you want to do in life. Read Also: How To Start Your Career As A Financial Advisor? Top Things To Know Before Entering A Medical Career

Is Major Banks A Good Career Path In 2021?

What Are Banking Careers?

Is Major Banks A Good Career Path In 2021?