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.

Read Also:

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.

View all posts

How To Write A 2-Week Notice Letter? – Step-by-Step Method

A 2 week notice letter is a resignation notice that you offer your employer to leave your job professionally. Basically, most companies allow their employees to serve a two-week notice period before they leave their jobs. In some cases, it might extend to four weeks. Within this time, you offer your employer to find a suitable replacement. In this article, you will learn about the importance of a 2 week notice letter. Apart from that, you will also learn how to write and submit this letter to your employer. Moreover, this article will guide you on what to include in that letter. Hence, to learn more, read on to the end of the article. What Is A 2 Week Notice Letter? Before you leave your job, you must offer your employer advance notice that you are about to leave. Generally, this notice can be issued for either two weeks or a month. You can also ask for future references once you maintain professionalism and serve the notice period. If you leave your job, you must understand the necessity of offering a resignation letter to your employer. Hence, you must write a courteous and professional letter that leaves a good impression about you. Moreover, once you offer your 2 week notice letter to your employer, you are giving time to your employer to find a suitable replacement. Meanwhile, your employer can also consider training another staff member who will take up your responsibilities. In most cases, this process is a professional courtesy. However, in other cases, you must offer the 2 week notice letter if you want to resign from the position formally. For instance, serving a two-week notice period in many employment terms is a compulsion. This ensures that the resignation process is formal. On the other hand, some employers might allow you to use your vacation days as your notice period. Then, you can leave immediately. Apart from that, if you serve your two-week notice, you get the time to complete your work obligations. This way, you also offer your employer the chance to hire a replacement for your position. Factors To Consider Before You Write A 2 Week Notice Letter The following are the major factors you must consider before you write a 2 week notice letter to your employer: 1. Manage Your Resignation Professionally If you offer immediate resignation, you must include valid reasons like health problems, relocation, etc. In this case, make sure to manage this resignation professionally. This will help you preserve future relations and get job references. Hence, you must understand how to quit a job professionally and gracefully. 2. Review And Seek Guidance Sometimes, you might not have the time to serve your notice period. Hence, in such cases, before you submit your resignation notice, consult with your HR, review your contract, seek guidance, or inform your employer directly. This will help you better understand what you need to do in the given situation. 3. Ensure Professionalism As you type a resignation letter, use professionalism in your language. Also, if you are offering a resignation in person, state your reasons respectfully. Moreover, you must also take steps to address your concerns, express gratitude, and ensure accuracy. Write A 2 Week Notice Letter: Step-by-Step Method The following are the steps you must follow if you want to write a good 2 week notice letter to your employer: 📜Address Ensure the letter contains the date, company name, and your manager’s name. Here, the person you are addressing can change. Generally, in most cases, this will be your supervisor. 📜 Resignation Reasons Try to make your resignation short and compact. However, make sure to mention valid reasons as well. For instance, in the opening lines of your letter, state you are informing your employer that you will resign in two weeks. Moreover, make sure to include and specifically mention when you will work your last with the current organization. 📜 Express Gratitude In the middle portions of your letter, thank your employer for the opportunities. Also, offer a thanks for all the experiences. Here, you also need to add the reason for your departure. Here, consider explaining those reasons in brief. 📜 Mention the Next Steps to Your Employer When you close your letter, inform your employer that you are willing to perform the necessary duties and comply with the organization’s conventions. Also, offer help to assist in the transition process. 📜 End Your Letter Professionally You must conclude your 2 weeks notice letter formally. For instance, you can use words like “Sincerely,” and sign your name accordingly. Apart from that, do not forget to mention your current position and your employee number. What to Do When You Cannot Submit a 2 Week Notice Letter? You might face a situation where you must resign immediately without serving your notice period. Hence, in such situations, you must consider following the process so that it does not cause a lot of inconvenience or conflict. This is because maintaining cordial relationships with your employer is important. This will help you get better references in the future. For example, you might need a reference letter from your employer to rejoin the company. The following are the factors you must consider if you want to leave without submitting a 2 week notice letter: 1. Read Your Work Terms/Contract According to Indeed.com, Many employers include the statutory minimum notice period they expect from resigning employees in their work contracts. In normal circumstances, it is a professional courtesy to inform the employer of your intention to leave one to three months in advance and give them the notice in writing. Hence, you must read your work contract properly. This way, you can find essential information about your notice period. Also, you can find out whether there are some clauses to leave immediately or not. Moreover, read the clauses that talk about working with industry competitors. Furthermore, in some cases, certain employers will require you to wait for some time before you start working with a competitor. Hence, you must know about these in detail. 2. Talk to Your HR Manager Your HR manager knows a lot about the work policies and terms. Hence, the best option is to ask them what you can do if you cannot serve the notice period for your employer. This way, the HR manager will guide you and offer you a way out. Also, clarify to your HR manager that the matter is confidential and that you want to inform your employer yourself. Hence, HR will guide you in such situations with the best options if you want to leave immediately. Related: Utah PEO: Your Partner In HR Excellence 3. Talk To Your Employer One of the ways to approach your employer is to talk directly. Just go to them by requesting a meeting and inform them of your situation. Here, explain your reasons in detail and offer reasons why you need to leave this job immediately. In this case, keep an honest and professional approach. Basically, you must make them understand that your only option is to resign from the job immediately in this circumstance. Also, be willing to complete your pending tasks before you leave. 4. Get Advice from Your New Employer You must also discuss the situation with your new employer by telling them the repercussions of not serving the notice period. For instance, if they want you to join their organization immediately, ask them to write you a letter stating this. Then, you can forward this letter to your current employer. As a result, this will act as a better situation where you can resign from your job without a big issue. Create Your 2 Week Notice Letter Now If you want to create a 2 week notice letter, follow the instructions in the above section. However, if you cannot serve the notice period, make sure to talk to your employer and HR in person. This way, you can resolve the situation faster. Do you have more suggestions about how to write a 2 week notice letter? Please share your ideas and opinions in the comments section below. Read Also: Top 5 Benefits Employees And Employers Get from Workers Compensation In Demand Jobs 2024: 11 Roles That Are Skyrocketing In The Job Market Career Development Plan: What Is It And How To Create One?

3 Tiers of Caribbean Medical Schools – Medical School Guide

The Caribbean consists of over 7,000 islands and the Caribbean Sea. Cays, islands, islets, and inhabited reefs surround the Caribbean region. The Caribbean is a well-known tourist destination with a considerable number of tourists visiting this island every year. According to the IELTS Practice Online website, the total number of visitors on the island in 2021 stands at 3.5 million. Apart from being a popular tourist attraction, the Caribbean is also famous for medical schools- catering mainly to American and Canadian students whose applications got rejected. At present, there are over 80 medical schools on the Caribbean Island, accepting students from all corners of the world with average GPA or MCAT scores. There’s no denying that a Caribbean medical school offers a second chance to those students who had not been accepted to the American or Canadian medical schools due to the competitive landscape. But, unfortunately, Caribbean medical colleges and universities vary widely in quality, accreditation, and attrition rates. If you’re considering attending a Caribbean medical school, you definitely have navigated several websites with a bunch of conflicting information, untrue statements, and unbiased lists of recognition or ranking systems. This blog will walk you through different segments of Caribbean medical schools and help you make a well-informed decision for a rewarding future ahead. Three tiers of Caribbean medical schools Under the three tiers of the Caribbean medical schools ranking system, colleges and universities are classified into top-tier, mid-tier, and bottom-tier. The basis of categorization is a variety of approvals and accreditations. So, let’s gain a comprehensive understanding of the three tiers of Caribbean medical schools. 1. Top-tier Caribbean medical schools Top-tier medical schools in the Caribbean have approval from US agencies, such as the New York State Education Department and the Florida Department of Education. Besides this, medical universities accredited by the Caribbean The Accreditation Authority for Education in Medicine and Other Health Professions (CAAM-HP) or the Accreditation Commission on Colleges of Medicine (ACCM) is best to acquire medical education. These medical schools also have the approval to participate in the US Federal Direct Loan Program. 2. Mid-tier Caribbean medical schools Mid-tier medical schools in the Caribbean generally lack full credentials. These medical colleges and universities are usually accredited by the Caribbean Accreditation Authority for Education in Medicine and Other Health Professions (CAAM-HP), but they hold only one state approval or not at all. 3. Bottom-tier Caribbean medical schools Bottom-tier medical schools in the Caribbean are the ones you should ignore. These medical schools are only for profit-making purposes, and you will have a hard time getting out of them. Bottom-tier Caribbean medical schools don’t have any state approvals or accreditations. Conclusion For students wishing to attend a medical school on the Caribbean Island, check out accreditations and approvals of the colleges or universities you want to get into. Fully credentialed or top-tier medical schools are the ones that guarantee a promising career in this realm. The Caribbean also has some world’s leading international medical schools, with alumni working across the US and Canada. Browse now to make a sound decision! Read Also: Top things to know before entering a medical career Is Medical/Dental Instruments A Good Career Path Is Medical Assistant A Good Career Path In 2021?

How Many Jobs Are Available In Commercial Banks?

As you are searching about "How many jobs are available in commercial banks?" I can take it as you are thinking about building your career and want to check different positions for you. It is always the best way to build your career to start the preparation beforehand. It is great that you are thinking about different options and know about them to make the final call. In case you are thinking about choosing the banking sector, this one's for you. The commercial banking industry is now booming. This is one of the industries that are not only doing well but also growing constantly. Here in this article, I will not only answer your question but also give you an insight into this particular job. What Are Commercial Banks? Image Source: img.etimg.com Commercial banks are nothing but financial institutions that offer different types of banking sector-related services, especially to businesses and individuals. All these services can include foreign exchange trading, credit card issuance, lending, deposit taking, money market operations along more things. In the global economy, commercial banks play a vital role by offering essential financial services and allowing businesses to expand and grow. Their Offerings Now, here are the major things that commercial banks provide. Loans In case you are looking for lines of credit or loans for your business, commercial banks got you covered. The loans can be used for various purposes, like consolidating debt, starting a business, or even purchasing a home. Here, I like to add that with lines of credit, you can borrow money up to a particular limit and also can use that for unexpected or emergency expenses. Deposits They provide different types of deposit products like checking accounts, savings accounts, money market accounts, certificates of deposit, or CDs. All these deposit products let customers save more money, along with earning interest on their balances. Other Services Apart from the above 2 things, commercial banks also offer some other essential services, such as foreign exchange, credit card issuance, and money market operations. With all these, individuals and businesses can access necessary financial assistance in order to expand and grow, as I have said earlier. The Different Types Of Jobs Available In Commercial Bank Now, let's have a look at the different job roles in commercial banks. Loan Officer. Bank Teller. Financial Sales Agents And Traders. Financial Manager. Branch Manager. Financial Consultants. Mortgage Banker. Trust Officer. Relationship Manager. Investment Banker. Asset manager. Foreign Exchange Traders. Equity Analyst. Credit Analyst. Budget Analyst. Internal Auditor. How Many Jobs Are Available In Commercial Banks? There are more than 4,000 FDIC-insured commercial banks, and there are more than 1.95 million people who are currently working in commercial banks in full-time positions. At the same time, the industry of commercial banks is growing every day. Standing in 2023, this industry has developed a market size of $963.4 billion. Although it necessarily does not have anything to do with job vacancies or available jobs in commercial banks. In place of in-person banks, more and more people are shifting to online banking services. Reports say that a lot of commercial banks are investing in digital services. As people keep shifting to different industries or retiring, there are always some jobs available in commercial banks. Although a decline has been noticed regarding the available jobs for bank tellers, on the other hand, the available jobs for financial managers are experiencing huge growth. The number of available jobs has grown by around 17%. Available Jobs In Commercial Banks Now, let's have a quick look at the job profiles that are currently available in the commercial bank's section. When you are looking for "how many jobs are available in commercial banks?" you will also want to know the vacant positions. Bank teller. Senior relationship manager. Financial intel specialist. Credit risk vice president. Commercial banking relationship manager. Loans assistance. Commercial bank risk manager. Commercial banking officer. Commercial associate. Frequently Asked Questions (FAQs):- I believe after going through this article; you got the answer to your question, "How many jobs are available in commercial banks?" along with other necessary details. Now, here are some most common questions that you might have in your mind. So, here, I am answering those so that you don't have any doubts in your head. Q1: How Many People Work In The Banking Industry? Ans: As of the 2022 data, around 2,027,667 people are working in the commercial banking industry in the United States. Q2: How Many Positions Are There In A Bank? Ans: Branch or bank managers, credit analysts, office or administrative staff, mortgage and loan officers, and bank tellers are at the core of a bank. Larger banks usually employ people in different levels of each of those positions on the basis of their responsibilities. Q3: Do Commercial Banks Pay Well? Ans: Just like many other industries, the average salary always depends on the particular role you are applying for, the experience you have, and your location. You will find some jobs paying better than others. Still, the average salary for a bank teller is around $36,000, but that of a financial manager is $131,000. Q4: Does The Commercial Bank Job Need Additional Education? Ans: On the basis of your particular job type, the required education and skill set differ. If you are looking for a bank teller job like many others, only having a school diploma and some training will be enough. On the other hand, as a financial manager, you will need both education and additional experience. Final Thoughts So, now you get the answer to your question, "How many jobs are available in commercial banks?" So, you need to prepare for this job role from now on. If you have any preference for any particular type of job role and profile, you also need to have the necessary qualifications and skills. It is always best to target a particular sector instead of trying here and there. You just need to be focused and keep preparing for this. Always ensure that you are going in the right direction. Also, if you want to get into a particular bank, it is best to know its criteria beforehand. Read Also: Is Major Banks A Good Career Path? How Many Jobs Are Available In Major Banks? Is Investment Bankers/Brokers/Service 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?”