How Many Jobs Are Available In Major Banks?

Published on: 16 December 2022 Last Updated on: 20 February 2025

How many jobs are available in major banks? If this is something that you are searching for, then you have reached the right place.

There are a number of things that people search for when they look for a particular job or mode of employment. Some of the most important questions that people usually want to know when they are looking for a job are the availability of jobs and the salary and benefits of that specific career path.

If you are someone who wants to work in the world of banking, you might be searching for how many jobs are available in the major banks around the world. Keep reading till the end to learn more about the same…

What Is The Banking Industry?

The banking industry is one of the most competitive as well as the most growing sectors. Even though it may look like it, you do not have to sit in the bank and deal with the people coming in and out of it.

There are a number of types of jobs available in the banking sector. These jobs are directly related to the financial service sector. Therefore, there are a lot of levels when it comes to working in the banking sector.

In case you are searching for some of the types of jobs that are available in the banking sector, I have you covered. Here are some of the types of job roles that are available in the industry:

Bank Teller
Account Manager
Investment Representative
Investment Banker
Asset Manager
Financial Analyst
Investment Banking Analyst

While these are some of the job roles that exist in the line of banking, this is definitely not the entire list.

Answering The Question, “How Many Jobs Are Available In Major Banks?”

In case you were searching for the answer to how many jobs are available in major banks right now, you have found the destination. There are a number of banks in the world, and it is no wonder that there are a lot of vacancies in the world of banking.

In the world, there are approximately more than a million jobs available in the sector of major banking. In the United States, more than ten thousand people are working in banks. According to reports, there are 27,000 job vacancies.

Even though most of these vacancies are in the sector of customer service, there are many other jobs available. For example, some of the posts that are available to work for in the major banks are in marketing, finance, and even the department of human resources.

Take a look at some of these job roles in the banking industry and the number of vacancies:

JOB ROLES	NUMBER OF JOBS AVAILABLE
Banker	222,000
Bank Teller	405,000
Underwriter	97,000
Account manager	1,022,000
Loan officer	122,000

What Are The Best Paying Jobs In Major Banks?

Now that you know the answer to how many jobs are available in major banks, it is time for you to learn about the highest paying jobs in the banking industry.

Take a look at some of these best paying jobs in the banking industry:

1. Branch Manager

Salary: $50,000 to $68,000

The first one on the list of the best-paying jobs in the banking sector is that of a branch manager. In order to become a Branch Manager, you need to have strong leadership qualities. You should be able to motivate the ones who are working under you. You need to make sure that you are able to meet the targets and improve the overall functioning of the branch.

2. Loan Officer

Salary: $190,000 to $205,000

The role of a loan officer is to help people or their clients obtain loans from the banks. They are responsible for making sure that your loan is approved. They are also responsible for denying a loan and for analyzing the credit of the borrower.

3. Trust Officer

Salary: $145,000 to $156,000

If you are someone who is in search of competitive salaries and growth opportunities, then this is the one for you. The main job of a trust officer is to manage the financial services. In addition, they work to ensure that there are no issues regarding the taxes.

4. Financial Consultant

Salary: $68,000 to $72,000

If you become a Financial Consultant, you will have to provide effective guidance to the ones who are seeking it. In addition, you will be responsible for your clients and have to help them make the right decisions related to their finances.

5. Investment Banker

Salary: $65,000 to $ 75,000

If you are planning to become an investment banker, you will have to deal with the investment and other tasks related to the same for your bank. In addition, you will be responsible for analyzing the clients’ data and finances.

6. Underwriter

Salary: $85,000 to $95,000

In a bank, an underwriter’s role encompasses evaluating risk for insurance and loan applicants. Once approvals are granted, the underwriter takes on the task of determining premiums or repayment figures. Collaborating with loan officers, they contribute their expertise to assist the bank in making optimal lending decisions that mitigate risk.

7. Internal Auditor

Salary: $85,000 to $90,000

The role of an internal auditor revolves around evaluating the efficiency of the entire bank branch’s operations. Their primary responsibility involves ensuring that the branch’s processes adhere to the diverse regulations and procedures governing the banking industry. After analyzing financial reports and performing risk assessments, the internal auditor communicates their findings to the bank manager and offers guidance on potential courses of action.

8. Credit Analyst

Salary: $60,000 to $70,000

A credit analyst employs their skills to evaluate the creditworthiness of an applicant. This involves determining whether an individual or business seeking a credit account can adhere to the bank’s offered terms and repay the amount. The credit analyst recognizes the distinctions between applicant types and uses this insight to make an informed decision.

9. Mortgage Banker

Salary: $55,000 to $65,000

Upon receiving new mortgage applicants, the mortgage banker evaluates them to determine the viability of approving their mortgages. This assessment involves analyzing the applicants’ financial information and leveraging their regulatory expertise to ensure that the application aligns with established standards.

10. Bank Clerk

Salary: $30,000 to $40,000

The responsibilities of a bank clerk primarily revolve around managing transactions conducted within the branch. This role encompasses cash handling, including assisting customers with deposits and withdrawals. Additionally, bank clerks often engage in customer service by addressing inquiries and resolving concerns regarding balances, products, and various banking-related issues.

Is Major Banks A Good Career Path?

Banking can be a very rewarding career path for individuals who are interested in finance, economics, and working in a dynamic industry. It offers opportunities for career growth, job stability, and the potential for lucrative compensation.

Roles in banking can vary widely, including areas such as retail banking, investment banking, risk management, financial analysis, and more.

However, it’s important to note that the banking industry can also be competitive and demanding, requiring strong analytical, communication, and problem-solving skills. As with any career choice, it’s advisable to research the industry, consider your strengths and interests, and weigh the pros and cons before making a decision.

Bonus: How Many Jobs Are Available In Commercial Banks?

The commercial banking sector currently boasts over ten thousand job openings, exclusively in the United States. According to data from the U.S. Bureau of Labor Statistics (BLS), the nation employs a staggering 1.9 million individuals within its commercial banks.

The BLS reports a decline in job opportunities within the commercial banking industry by an average of 7% since 2016. This decrease can be attributed to the surge in online banking popularity among customers. Nonetheless, despite this shift, the sector remains on a growth trajectory.

Frequently Asked Questions (FAQs):

Take a look at some of these questions that readers who are searching for in the number of jobs available in the banking industry look for. You might learn more information about the same from these:

1. What Is The Most Secured Job In The World?

Ans: While there are a number of jobs available in the world across several sectors, if you are looking for the most secure jobs, the answer always is the healthcare industry. Job roles like the doctors, anesthesiologists, and nurses are the most secure.

2. What Is The Highest Paying Job?

Ans: The highest paid job belongs to two different sectors or industries. For example, while the surgeons from the healthcare industry earn almost $210,000 annually on an average, data scientists and blockchain developers are also earning a lot, with their average salary being $200,000 annually.

3. What Is The Salary Of Elon Musk?

Ans: The average monthly salary of Elon Musk is more than $200 million dollars. He is not only the SEO of TESLA but also of SpaceX and Twitter. This makes him one of the highest paid employees in the world.

Wrapping It Up!

The banking industry is one of the fastest-growing and the most secure job sectors in the world. They not only provide exposure but also come with a lot of additional benefits. There are more than a million jobs that are available in the major banks at present.

In case you want to know how many jobs are available in major banks, I hope that this article has been of help to you. If there are any other ways in which I can help you, feel free to write them down in the comment box below.

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Ankita Tripathy

Ankita Tripathy loves to write about food and the Hallyu Wave in particular. During her free time, she enjoys looking at the sky or reading books while sipping a cup of hot coffee. Her favourite niches are food, music, lifestyle, travel, and Korean Pop music and drama.

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

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questions to ask someone about their career path

How To Become An Artificial Intelligence Architect?: Everything You Need To Know

Globally, artificial intelligence (AI) is gaining popularity quickly. And many leaders and experts think it has the potential to change the world economy completely. Professional services network PwC predicts that artificial intelligence (AI) will contribute $15.7 trillion by 2030. While businesses are already adopting it quickly, inadequate planning and architecture can be a major roadblock. Indeed, according to research from technology research firm Gartner, in 2023, half of IT leaders will be unable to move AI initiatives into production. Here's where Artificial Intelligence architects can help. This crucial function may be essential to promoting the general adoption of AI and its effective use. Want to know more about it and how to become one? I have you covered! Keep reading this blog till the end to learn more… Who is an Artificial Intelligence Architect? AI architects create AI systems to handle a variety of issues. To ensure that their solutions function properly, they bridge the gap between data scientists, engineers, and developers. For this purpose, they use their extensive knowledge of AI algorithms and frameworks. AI architects oversee the development of an organization's AI architecture. Additionally, they create and implement AI architecture strategies using a variety of frameworks and deployment methods. Data scientists, machine learning operations, business leadership, and stakeholders collaborate closely with AI architects. As an AI architect, you will play a key role in assisting companies in advancing the integration of AI into their current systems. You will be responsible for preparing those systems for new applications and programs, enabling them to stay abreast of developing trends. These AI architects create and implement systems, procedures, and artificial networks that enable software, data, and computer capabilities for personal and commercial purposes. An AI architect can create automated programs and artificial networks that organizations and consumers can utilize for various purposes. They can do so by using machine learning, natural language processing, data administration, and AI integration. In simple words, an AI architect is an expert who contributes to much of this job, from safeguarding government data files to creating automated software services. What is the Job of an AI Architect? AI architects use machine learning (ML) and artificial intelligence (AI) to create answers to problems. To improve computer and software functionality, they collaborate with software developers, IT teams, and ML engineers to pinpoint problems in networks, technical systems, and data modules. Some of the main responsibilities of these professionals' jobs include: Researching and creating APIs for machine learning models so they may be used in various applications. Creating AI models that promote enhanced performance and efficiency for sales, marketing, and business information operations while aligning with organizational goals. Constructing infrastructure for data input and transformation technologies that departments or teams may incorporate into organizational processes. Organizing and creating technological and organizational operations with automated solutions. Supervising the creation of AI infrastructure for consumer goods and systems. Investigating and incorporating deep learning and machine learning architecture to develop security apps that safeguard sensitive information. Working together with software engineers, machine learning engineers, and data scientists to design workable solutions using ML and AI models. How to Become an Artificial Intelligence Architect? Now that you know what an Artificial Intelligence architect it is, it is time to learn how to be one. Let me help you out with that: 1. Get The Required Educational Background AI architects typically have a solid computer science background or a closely related discipline. A bachelor's degree is frequently considered a minimal qualification since working in data science and programming demands a deep understanding of these subjects. Certain AI architects may pursue a master's degree in data science or artificial intelligence to advance their education and employment opportunities. 2. Learn Programming Languages The ability to work with programming languages such as Python and Java is a must for AI architects to comprehend and apply the fundamental algorithms of AI. AI architects frequently use these languages in machine learning algorithms and AI development. Several top-notch courses and certifications are available to assist you in learning the essentials and provide you with a qualification that will make you more marketable to companies. 3. Dive Into Data Science And Machine Learning Artificial intelligence relies heavily on data science and machine learning. Without explicit programming or direction, computers may learn and grow. This is all due to machine learning. Additionally, data science insights help artificial intelligence (AI) make better decisions and perform better. AI architects need to be knowledgeable in data architectures, big data, and data analysis in order to integrate this information effectively. To improve your comprehension in any of these areas, think about taking a specialist course or working toward a certification that will verify your mastery of these ideas. 4. Master AI Frameworks And Tools Learning the frameworks PyTorch and TensorFlow is essential if you want to work as an AI architect. PyTorch is helpful for creating deep learning models and accelerating production development following research and experimentation, much like TensorFlow. Additionally, you want to be aware of AI tools that support cloud computing and AI solution scaling, such as Microsoft Azure and Amazon Web Services (AWS). Software for improved visualization and pipeline conversion, like as Tableau and Sisense, is also beneficial. If you wish to get more experience before joining the workforce, several of these tools are covered in online courses and certification programs. 5. Gain Real-World Experience Practical experience is invaluable; although though courses, books, and online how-to guides are beneficial, they cannot replace it. You'll benefit from taking internships, entry-level jobs, or freelancing work as an AI engineer or data analyst to get ready for your career path in AI architecture. You will develop a solid portfolio as you work on various AI projects, which you may provide to prospective employers as evidence of your abilities. Another great approach to develop your abilities and increase your knowledge is to collaborate with other AI experts on projects. 6. Develop Soft Skills To become an AI architect, soft skills like problem-solving and communication are just as crucial as any technical expertise. Gaining more proficiency in these areas can help you communicate your work to audiences who are not tech-savvy as well as those who are, and engage with other stakeholders more effectively. You gain from having soft skills when managing projects and updating stakeholders on the state of ongoing initiatives. Finding the most crucial qualities you want to improve is the first step in developing your soft skills. Since you can't work on everything at once, decide what matters most and what your ultimate objective is. From there, you may ask friends and coworkers for input, look for online resources and courses that are pertinent to the talent you're building, and search for practical chances (like a new leadership role) to hone those skills in a real-world context. 7. Obtain Certifications There are several professional certification choices available to AI architects. Some employers may require certain qualifications for specialized tasks, even though many of the available certifications are optional. Credentials in cloud architecture, data management, AI engineering, programming, and information security are a few certifications to obtain. You might also work toward certifications that will help you grow in your career, depending on your area of expertise. For example, certifications for particular systems and applications, such as those in project management, agile development, or scrum development, attest to your technical proficiency and your adaptable leadership and teamwork abilities. 8. Keep Up With Advancements And Networking People in the artificial intelligence industry must keep their abilities up to date because the area is always changing and evolving. You can learn from industry experts and network with other professionals by attending conferences, following relevant social media accounts, and perusing online forums. Is Artificial Intelligence Architect a Good Career Path? For the ten years preceding 2032, the US Bureau of Labor Statistics (BLS) projects robust job growth across the board for computer and information technology occupations. The Bureau of Labor Statistics (BLS) projects a growth of 8% for database architects and a 23% increase for computer and information research scientist positions. The tremendous expansion of AI combined with the BLS's optimism for all IT professions presents a bright picture for everyone working in AI, even though it makes no predictions specifically for AI architects. The profession also has a strong income potential. According to Glassdoor, the average base pay for an AI architect is $142,663. There might be chances for you to receive bonuses and other types of additional income. How Much Money Does an Artificial Intelligence Architect Make? Because of the job's distinct skill set and current strong demand, AI architects typically receive competitive compensation. But as you may expect, industry, experience level, and geography can all affect typical pay. The Bureau of Labor Statistics (BLS) reports that the typical annual salary for database architects is approximately $135,000. If your income is less than $75,000, you probably earn less than the average for your industry. But the wealthiest ten percent may earn more than $197,000 a year. While database architects in business or enterprise management may make less on average, those in computer design or infrastructure tend to make more money. States with employment rates above 1.6 per 1,000 jobs, like Colorado and Virginia, have a higher concentration of database architects. Database architects in California earn the highest salary in the nation, $152,960 per year. Workers in Texas, where the typical yearly wage is $146,970, are just a few thousand dollars behind. Wrapping it Up! In case you wanted to know about Artificial Intelligence Architect and how to become one, I hope that this blog has been of help to you. If you have any other queries, please feel free to let me know. All that you need to do is scroll down till you reach the bottom of the page. Then leave your comments on the box below. And I will be there to answer them all for you! Learn More About: How To Become A Speech Language Pathologist? Get To Know Here How Artificial Intelligence Is Helping Banking And Financial Institutions? How To Become A Blockchain Developer In 2024? Is It A Good Career Path

How Many Jobs Are Available In Major Banks?

What Is The Banking Industry?

Answering The Question, “How Many Jobs Are Available In Major Banks?”