Is Major Banks A Good Career Path In 2021?

Published on: 06 October 2021 Last Updated on: 13 January 2025

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?

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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Finding Your Dream Career: 5 Useful Tips for you to Research about a Company before You Apply

Working out of necessity is what mostly everyone can relate to; working because you love your job is rare. If you are looking for a change, a different job, something that makes you feel useful and joyful, you need to research the company before you apply. If you research a company through an online site like Hush, you will get to know many things about that business. You will learn about the salaries as well as the office hours and what is expected of you as an employee. Best of all, research will give you an idea of whether you will fit in and like the position or not. Below are 5 useful tips to help you research a company before you apply there. This could help you find your dream career. 1. Go to The Source When researching a company, always go to their website. This is where you will find the "About" section. Read this part carefully as it will tell you how the company came into form and why. You will want to read the "Who-is-Who" section of the website as well. You don't have to commit any of this to memory, but you should know who the top people are in the company you want to work for. Also, read over the “Mission - Vision Statement” because this is where you will find out what the company stands for and why. 2. The Company's Competitors When looking at a company you are considering applying for, look at their competitors as well. Unless the business is so unique it has no competition, there is always another company who is doing the same thing. You would want to know the reason behind the opposition so you can discuss possible ways to improve the business if you get the job. Knowing what others are doing and either doing the same or better, is always a plus to the bosses. 3. Network Find an employee list and see if you know any of them. If you do, great, you can talk to them and ask how they like the job and the company. If you don't know any of the employees, ask your friends and family if they know anyone who is working there or had worked at some point. Talking to former and current employees will give you an "insider’s" look at how the company treats their employees. If you live in a smaller town, you could find an employee much easily. Getting a firsthand account of the working conditions allows you to make more informed decision on whether or not you want to work at this company. 4. Business Reports Not every company is featured in a nationwide magazine, but a lot of cities have local business magazines. Check at the public library, or online, and find out if the company you are researching has ever had an article written about them. Even the local newspaper could have a write-up or two about the company you are considering. Try to find any and all media, both good and bad, about the company to help you make a better decision about working for them. 5. Charity Through the company's website, you may be able to discover if they support a certain charity. A company that shares its wealth is worth taking a second look at as a possible employee. Armed with information, you can wow the interviewer and hope to become the next employee of the month. Read Also: Don’t Get A Second Job: 10 Unconventional Ways To Make Money Discuss With Your Web Designer And Explain What You Want Before Starting The Job Do I Have Enough Super To Retire: Considerations Before Leaving Your Job

Career Options after 12th Science

Above all, science is among the most popular subjects for students. Students get a lead up to some of the most popular courses such as Engineering, Medicine, and allied disciplines. There is a growing demand for science-related talent, as it pays to use the right tools to get the career that suits you best. In this article, we will discuss some of the career options after 12th science. Once you're done with 12th science, you can begin your job search at Jobsora.com, where you can narrow your search to get the best job opportunities for you. Let's get started. Career Options after 12th Science: Bachelor in Technology/Bachelor of Engineering: Engineering is among the most sought-after professions in the world. As a career path, the engineering field has attracted a large number of aspirants applying for job opportunities. Engineering is a multi-disciplined field, with advances in science and technology leading to the introduction of new disciplines. For example, subjects such as biotechnology, automobile engineering, computer engineering, and genetic engineering, are among the most popular. After all, irrespective of the trends in any market, engineering job opportunities are always in demand. More precisely, electrical, mechanical, computer, and civil engineering opportunities almost still never lack demand. Moreover, growth opportunities are always available, as more companies come up to solve several engineering-related problems. Hence, if you're good at logical and mathematical skills, here are some careers to consider: Agricultural Engineer Aeronautical Engineer Automobile Engineer Biomedical Engineer Biotechnologist Communication Engineer Chemical Engineer Civil Engineer Computer Engineer Environmental Engineer Electrical Engineer Genetic Engineer Industrial & Production Engineer Instrumentation Engineer Marine Engineer Mechanical Engineer Metallurgical Engineer Nuclear Engineer Petroleum Engineer Plastic Technologist Polymer Engineer Rubber Technologist Space Technologist Textile Engineer Bachelor of Medicine and Bachelor of Surgery Degree: One of the first course options for students who excelled in Biology is to pursue a Bachelor of Medicine and Bachelor of Surgery. It allows the student to move up the academic ladder in many specializations such as General Medicine, Orthopaedics, Radiotherapy, Obstetrics, Gynaecology, Radio-diagnosis, and General Surgery. As such, the field is extremely competitive. Bachelor Pharmacy: The Bachelor in Pharmacy prepares the student for the pharmaceutical industry. The pharmacists dispense medication to patients and offer their expertise in the safe use of prescriptions. They also perform health and wellness screening on patients and oversees the issuing of medication. There's a high demand for graduates of this career path. Here are some of the job opportunities: Pharmacist Clinical Pharmacist Prior Authorization pharmacist Pharmacist clinical specialist B.Sc. Nursing: Nursing graduates tend to find job opportunities at private and government hospitals, nursing homes. It's no wonder that one of the best parts of the nursing profession is that nurses never remain unemployed. As more nursing homes and private healthcare institutions mushroom everywhere, the probability of getting a respectful nursing position is high. Some of the positions include: Assistant Nursing Superintendent Community Health Nurse Department Supervisor Deputy Nursing Superintendent Director of Nursing Industrial Nurse Nursing Service Administrators Nursing Service overseas Nursing Superintendent Nursing Supervisor or Ward Sister Staff Nurse Teacher of Nursing Bachelor of Occupational Therapy (BOT): When it comes to occupational therapy, there are a lot of job opportunities. After graduation, most students will start their practice at government or private hospitals. Also, BOT graduates might take up jobs working as instructors at Occupational therapy colleges and training institutions. Furthermore, other graduates take on the role of rehabilitation specialists at rehabilitation clinics. These graduates will go on to use their skills to aid the rehabilitation process for trauma or surgery patients. B.Sc. Computer Science: Computer science is by far, one of the most lucrative education options for students seeking a challenging yet rewarding career path. Advancements in Information Technology and emerging innovative technologies have created an unlimited demand for a background in the computer science field. The bright career prospects for students who study computer science, encompass multiple fields including academia, research, industry, private, corporate organization, and government agencies, among others. However, IT and software companies remain the significant employers of computer science degree holders. Here are some computer science jobs, which pay a profitable compensation: Application Analyst Database Administrator Information Systems Manager IT consultant System analyst Web designer Read Also: 8 Useful Tips For Personal Career Development Healthcare Jobs That Will Be Most In-Demand 2020–2025 Genius Job Interview Tips That Will Guarantee Success Why You Should Use A Recruitment Agency To Find Your Next Medical Job

Is Basic Industries A Good Career Path In 2024?

Is Basic Industries A Good Career Path in 2024? Many people claim that basic industries are dead but it is the primary source of employment for millions of people. Basic industries supply a great wage irrespective of the educational qualification. The basic industry is responsible for many things at the same time that you will get to know later in this article. They consume large amounts of nutrients and thus, require a high capital investment. The number of jobs is also high in this sector and you can enjoy the same. Basic Industries - All You Need To Know A basic industry is an industry that is accountable for creating and transforming raw materials from their most important phase and creating semi-finished goods that other enterprises will utilize in the creation of the final goods intended for consumption. There is a job available for everyone ranging from small to big sectors in this career path. The demand in this industry is always high so this job is going to attract you for sure. You can take the example of planting and cultivation. These are the jobs that people need to do, and it is available in almost every country. But, at the same time, if you enjoy change, believe me, this job is best suited for you, especially if you are looking for improvement and further growth. Read about the various sectors that are categorized into basic industries! Let me describe some of them because it integrates several aspects of the process, supply and development. Agriculture Did you know that agriculture is an integral part of basic industries? It is under the super sector of natural resources and mining so, it is related to jobs in animal raising, fish and animal harvesting, crop growing and timber harvesting! All these jobs are related to a farm or a ranch which is basically the habitat of animals or plants. You can never replace this industry because it is at the beginning of all processes and systems. The food supply chain receives support from Agriculture as it also provides raw materials along with distributing various food products! Steel and Metals It is in the 18th century that the metal and the steelwork sector rose as part of the Industrial Revolution. The mechanical ecosystem of the world has developed significantly, especially with technological advancement. It is a thriving industry with the evolution of modern technology thus continuing across the country leading to steel and metal work jobs. Mining, Quarrying, Oil and Gas Extraction Another significant sector which generates several job positions and opportunities. There are natural resources in different countries, hence, to work in the mining sector, you must understand quarrying, beneficiating, well operations and others! Chemicals It is interrelated to the manufacturing sector as it requires organic and inorganic materials mostly in raw form. These raw materials are then transformed into products after they go through a chemical process! The higher education degree that you will need to become a chemical technician or a diploma from high school or a GED! Furthermore, if you are interested in this sector then you need to have the following degrees: Fundamentals of Engineering (FE) certification Professional Engineering (PE) Bachelor’s degree Paper A part of the manufacturing sector because the purpose is to transform and convert products namely paper and pulp. There are materials such as grasses, minerals, artificial fibers, straws, bark and rags. The conversion process is related to the industry along with having practical experiences. Utilities If you are planning to go into the transportation and trade sector, you also have an option of going into utilities! This sector develops services along with establishments that contribute to the way various systems work. There are several potential occupational opportunities which leads to perform effectively in the basic industries. Textile Mills Another subsector of the manufacturing sector, Textile mills help in transforming a product out of the raw materials, be it a natural or synthetic basic fiber. The products are manufactured for individual and industrial purposes. Products such as sheets, textile bags, apparel and towels from different types of mills. Basic Industry Characteristics There are some specific characteristics that basic industry consists of. Read below to know in detail. Environmental Impact The amount of waste they produce either goes into the river or into the air; it creates a great impact on the environment. This is directly dangerous to our planet Earth. Highly Qualified Staff Another basic characteristic is the highly qualified staff. The most significant part is that workers must be highly trained to work efficiently. Significant Investments, Less Competition These sectors are determined to produce heavy machinery, and the initial investment is high. However, only some firms are excited about entering these firms, so the competition is limited. Semi-Finished Goods The basic industry is responsible for producing semi-finished goods as other firms will use the same to produce the final products. Raw Materials A wide range of these industries is categorized by working from many raw materials in their starting phase. Is Basic Industries A Good Career Path In 2024? The answer to this question is an absolute Yes. Basic industries are a great career path that you can consider for yourself and take your career forward. There are lots of jobs available in the same, and you can choose any. It does not matter whether you have a certificate of Diploma or not. You can always get a job in basic industries, and once you get experience in the same, you can utilize your skills for other purposes. On the other hand, there are many industries that are flexible enough to work for a long time. For example, energy utilities, public utilities, electric utilities, packaged foods, business services, and much more. The essential enterprises are likewise an extremely vital piece of building the economy of a country. The best benefit of finding a new line of work in essential businesses is that the capability that is important for entering this profession is extremely low. This implies you can likewise bring in a great deal of cash without putting a lot into your schooling. The likelihood of this sector expanding will continue to rise in light of the constant emergence of new positions. This means that there will continuously be a great deal of chances for development. How Many Jobs Are Available In Basic Industries? There are unlimited jobs available in basic industries, and this could be an advantage for you in the long run. As already mentioned above, no professional skills are required to qualify for this job, and you can consider the same for yourself. Senior Process Engineer The overall objective of Senior Process Engineer is to drive performance improvements in Cost, Revenue, Quality, Safety, Health, and Environmental. Here in this position, you need to identify and conduct improvements in engineering studies and projects. Service Representative Service Representatives in basic industries process and record highly difficult orders received by mail or via personal customer contact. Here the main role is Order Management and, at the same time, building relationships with customers. Senior Analyst Senior Analyst is also one of the top job positions in the basic industry. The job exists to make sure that an effective and smooth warehouse and distribution center operations across all business portfolios. Chief Scientist Chief Analysts lead research and development projects supporting the development of proprietary solutions, resulting in capabilities, processes, and new products. Customer Service Representative Customer Service Representative or consumer services satisfies the needs of the customers. They maintain and build friendly relationships with customers by assisting with complaints, questions, etc. Staff Scientist Staff Scientist is a great role in basic industries. Here, you need to initiate, execute, and plan on a large scale. You require strong leadership skills and have the capability to arbitrate technical merits. How is Manufacturing Related with Basic Industries? If you do not know how Basic industries are related to manufacturing, let us share it with you! Basically, the industries provide raw materials so that in manufacturing, we get the finished goods. Later, the finished product from manufacturing contributes to a better service being provided to consumers! Of course, there are several options which combine practicality, passion and talent in job employment. Operator The operator is responsible for the safe operation of equipment, environmental compliance, associated auxiliaries, control systems, etc. Moreover, a degree in a technical field is required for this job role. What Are The Benefits Of Working In Basic Industries? You might want to work in the basic industry for a variety of reasons. The following is a list of the advantages of working in the fundamental industries: High paying jobs Training Added facilities Job security is high What Are The Best-Paying Jobs In Basic Industries? Now that you have read the majority of what you need to know about basic industries and how they can help you build your career, let me list the best-paying jobs in basic industries: Animal Scientist Food scientist Chemist Metal fabricator Agronomist Equipment technician Machinist Geological engineer Geoscientist Inspector The Final Thoughts Is Basic Industries A Good Career Path? Now, you know the answer to this question and why it is regarded as a good career path. The above-listed information will help you to know the same. Besides, if you come across any doubts regarding the same, you can mention them below in the comment section. Keep Reading: Is Hotels/Resorts A Good Career Path Is Finance Consumer Services A Good Career Path Is Real Estate Investment Trusts A Good Career Path

Is Major Banks A Good Career Path In 2021?

What Are Banking Careers?

Is Major Banks A Good Career Path In 2021?