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?

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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You Need to Know the Pros and Cons of a New Career in Real Estate

Will a career in real estate work for you? It can be an exciting and challenging career change. Deciding on whether or not a real estate career will work for you depends on your personality. You will discover a new level of independence at work and there will always be new challenges. Before you dive in, consider some of the pros and cons of a career in real estate. Pros of Becoming a Real Estate Agent: 1) Money – Real estate agents work on a commission. Whenever you sell (or help your clients buy) property, you earn a percentage of that sale. Given that property is usually the most expensive purchase and investment the average family makes, that’s a large chunk of change. There’s no salary cap. If you can find a way to make a million dollars on commissions, there’s no one to put a cap on your earnings the way there would be in a salary job. 2) You’re Your Own Boss – Working as your own boss, you’ve got an unprecedented level of freedom to come and go as you please and vacation when you want. 3) Excitement – Real estate agents are constantly on the move. They’re always out there meeting new people and making new deals. If you’re the type to get bored at a desk job where every day feels the same, a real estate career will shake things up. 4) Knowledge & Experience Pay Off – The more you know, the more you sell. If you love to learn new things and experience more, it’s a career path that will pay off. You will have the chance to become an expert, not just on a neighborhood or types of property, but how to work with people and make sales. Cons of a Real Estate Career: 1) Getting Started – The flipside of working in a commission-based industry is that it takes time to get started. If you’re working for yourself, there’s no one to pay your salary when you’re not making sales. It will take time before you can find clients and make sales, so be prepared financially to survive until you get the ball rolling. Many people start off part-time until their careers develop. 2) You Need Discipline – The downside to working as your own boss is that you need discipline. No one’s going to make sales and put money in your pocket if you’re spending all your time at the beach. 3) You Need to Know when to Take a Break – For others, the problem might be the exact opposite. If you’ve got a workaholic streak, you’ll need to discipline yourself to put the work away when it’s time to rest and recharge. Find a way to disconnect from your job and relax. Real estate can be an incredibly rewarding career if you’ve got the personality to thrive in an environment where you’re independent and constantly meeting new challenges. Earning your real estate license is something you can do quickly and cheaply. With online real estate schools like RealEstateU, it doesn’t take long to start getting your real estate license. Don’t worry if you’re not an expert in homes or home renovation. Your ability to tell whether a home has hard or soft water will not determine your success as an agent. The ability to work with people, work hard and go above and beyond for your clients will ultimately matter much more! However, the more knowledgeable you are in all facets of real estate, the better you will be at ensuring your clients make educated, long-term decisions. Once you sign up for online real estate classes, you’re free to complete them at your own pace. They will prepare you for your state real estate license exam, and most states require you to complete the courses before you try writing the exam. With online real estate courses from real estate, you get all the resources you need to succeed at your exam, including video/audio lectures, a 200-page PDF textbook, and lessons from top real estate experts. Get started on your career change today. Sign up for online real estate classes and be your own boss. Read Also: How Many Jobs Are Available In Real Estate Investment Trusts Is Computer Software Prepackaged Software A Good Career Path? What Are The Three Components In The Youtube Ecosystem?

Top 11 Most Dangerous Jobs in the World In 2024!

In a world where most of us complain about having 9-to-5 jobs, there are times when we forget how difficult life can be for others who probably have some of the most dangerous jobs in the world. Last week, I went to a cafe with my friends, and all we were doing was complaining about our jobs, the minimal money, the fright of getting laid off, and the exhaustion. However, that is when Samantha said something like, “But we are privileged. At least we do not have to work as hard as a farmer under the sun!” And she is right! We are fortunate. That is when I started thinking about the people with the most dangerous jobs in the world. I started searching for the riskiest jobs and how people dealt with them. Want to know about them? I have you covered! So, keep on reading till the end to learn more… Most Dangerous Jobs in the World in 2024! Miners, underwater welders, oilfield workers, police officers, commercial fishermen— the list can go on when we start talking about the most dangerous jobs in the world. Technically speaking, if I actually sit down and list all of them, the list will be endless. That is the reason why I have listed the twelve most dangerous jobs. So, without further ado, let us get started with this list: 1. Commercial Fishermen Commercial fishing is like a high-stakes poker game with Mother Nature. These brave souls battle wild waves, slippery decks, and unpredictable weather. Imagine doing a tango with a storm—it's no picnic. Think massive nets, winches, and sharp hooks. Commercial fishermen wrangle these tools while dancing on a moving boat. One wrong move, and it's trouble. Ever heard of bycatch? It's when unintended creatures (like dolphins or turtles) get caught in the nets. Despite efforts to reduce it, bycatch remains a serious issue. When it comes to commercial fishing, you can easily forget 9-to-5. These fishermen work grueling shifts, often in the dead of night. Sleep-deprived and battling fatigue, they're like nocturnal warriors. Out at sea, these fishermen are on their own. Help isn't a phone call away. It's just them, the boat, and the vast ocean. 2. Logging Workers Logging is like a wild adventure in the forest but with serious risks. These workers deal with heavy machinery. Loggers handle chainsaws and logging machines, dealing with massive weights and unstoppable tree momentum. They work on uneven, rough ground and treacherous terrain, where a wrong step can lead to disaster. That is not all! Rain, snow, lightning, and extreme cold— nature throws curveballs at them as they have to work in literally all weather conditions. And guess what, there are times when these workers have to stay away from home for extended periods of time, working in remote locations. Sometimes they're far from help, making emergencies scarier. 3. Aircraft Pilots and Flight Engineers Aircraft pilots and flight engineers are challenging and risky professions. While passengers enjoy safe air travel, these professionals face unique hazards. Pilots navigate the skies, dealing with equipment failures, unpredictable weather, and potential mid-air collisions. Flight engineers manage aircraft systems during flight. Long hours and irregular schedules can lead to fatigue and impaired judgment. Their fatality rate is approximately 58.4 deaths per 100,000 workers. Soaring through the clouds isn't always smooth sailing! 4. Roofers The job of a roofer is to install asphalt, shingles, metal, or several other materials required to ensure that the roof of a house is waterproof. However, this is a low stress job for which you do not need a degree. Roofers spend their days perched high above the ground. One wrong step can lead to a dangerous fall. They handle substances like tar and chemicals, which can harm health. Roofers work with flames and hot asphalt, risking burns and accidents. Carrying heavy materials like shingles and tools is part of the job, and it strains their bodies. Moreover, they work with saws, nail guns, and other tools that are essential but also pose risks. Additionally, roofers brave rain, wind, and extreme heat. Imagine working on a slippery roof during a storm! 5. Refuse and Recyclable Material Collector Talk about unsung heroes, and these people will be the first in line. Being a Refuse and Recyclable Material Collector might not seem hazardous at first glance, but it's actually quite risky, with their fatality rate as high as 44.3 deaths per 100,000 workers. These workers handle hefty garbage bins and recyclables daily. Lifting and tossing these loads can strain muscles and cause injuries. The refuse truck itself is a major hazard. Workers jump on and off it, and accidents involving the truck are common. Imagine getting hit by your own workplace! Refuse collectors are at risk of being struck by passing vehicles. When they stand on the truck or work near traffic, accidents can happen. Additionally, garbage contains sharp objects, broken glass, and even toxic chemicals. Exposure to these materials poses health risks. Employers should use safer equipment, like automated side loader trucks, and ensure trucks have alarms. Workers must stay alert and wear high-visibility vests near roads. 6. Structural Iron and Steel Workers If you have something to thank the structural iron and steelworkers for, you must do it for the cities they built for us. They place and join the steel girders and other essential pieces to make the structural framework of any/all building. Now, you might be wondering why I am saying that their job is dangerous. Apart from the fact that their fatality rate is about 37.0 deaths per 100,000 workers, let me tell you what makes their jobs risky. These workers install and connect steel beams for buildings and bridges. Imagine working at dizzying heights, where falls are a constant threat. Carrying hefty steel components is part of the job. The strain on muscles and joints can lead to injuries. These workers brave rain, wind, and extreme temperatures. Harsh weather conditions increase the danger. Ironworkers use welding equipment overhead. Burns and eye injuries are real risks. Additionally, safety gear is crucial. Helmets, harnesses, and caution are their lifelines. 7. Delivery and Truck Drivers A blue-collar job for both women and men, delivery and truck drivers' jobs are considered among the most dangerous because they spend a lot of time on the road, which increases their risk of being in an accident. They often drive in unfamiliar areas, adding to this risk. Additionally, they face threats from criminals who may attack them, steal their cargo, or even their vehicles. The rise in crimes targeting delivery drivers has made this job increasingly perilous. They also risk injury from other hazards like tripping while delivering packages or being attacked by animals. 8. Farmers, Ranchers, and Other Agricultural Managers Next on the list of the most dangerous jobs in the world is that of the farmers and agricultural workers. And you might be thinking, “Why so?” Let me tell you why! You see, Farm life isn't all sunsets and hayrides. You might not know this, but the fatality rate of people working in agriculture is somewhere around 24.7 deaths per 100,000 workers. They work with heavy machinery like tractors, which can cause serious injuries. They also deal with unpredictable animals and harsh weather, which can be risky. Plus, they use harmful chemicals like pesticides and fertilizers. The injury rate for these workers is much higher than the average for all jobs, making it one of the riskiest professions. 9. First-line Supervisors of Construction Trades First-line supervisors of construction trades have a dangerous job because they work on construction sites, which are places with many risks. Falling debris, electrical mishaps, and heavy equipment— these are some of the things that they have to work with! They oversee the work and ensure everyone's safety, but accidents can happen. Workers might fall from high places, be hit by falling objects, or be injured by machines. They also have to make quick decisions, which can be stressful and lead to mistakes if they are not careful. Plus, they work outdoors, so bad weather can make the job even more risky. All these factors make their job one of the most dangerous. 10. Electrical Power-Line Installers and Repairers This is not supposed to be a surprise, right? We all know how dangerous the work of people working in this field can be. However, just knowing how to be an electrician does not mean that you will be able to do this job. They work with high-voltage electricity and often at great heights. If they touch the wrong wire or if a tool slips, they could get a severe electric shock or fall. That is not all! Apart from the technical dangers of the work, they also do physically tough work, which can lead to injuries. Plus, they have to be outside in all kinds of weather, which can make their job even harder and more risky. One wrong move, and they can literally be dead. 11. Miner Last but not least, the job of a miner is definitely going to be on this list. Just imagine the site: dark tunnels and headlamps. This is what the office of a miner looks like. And considering the fact that their fatality rate is nearly 35 deaths per 100,000 workers, it is only natural that a lot of people think twice about people actually becoming one! They work deep underground where cave-ins can happen. They face toxic air, extreme temperatures, and the risk of explosions. Miners use heavy machinery in tight spaces, which is risky. The earth can be unpredictable, with sudden tremors causing landslides. Despite safety improvements, mining still has a high rate of fatal accidents. It's a tough job with many hazards that can cause both immediate harm and long-term health problems. Wrapping It Up! Apart from these, there are several jobs that are among the most dangerous ones in the world. And yes, for most of the people who are actually working in these sectors, it is time that we salute them for their hard work. However, there is one thing that you must keep in mind. While it is true that these jobs are dangerous, they offer a lot of security. This means even if something unfortunate happens to you, be rest assured that the family will be taken care of. In case you were searching for the most dangerous jobs in the world, I hope that this blog has been helpful to you. If you have any other queries related to this, please feel free to let me know. All that you need to do is scroll down until you reach the bottom of the page. Then, leave your comments and suggestions in the box below. And I will be there to answer them all for you! Learn More Also: Best Blue Collar Jobs For Women In 2024! Is Medical Specialities A Good Career Path? – 12 Best Jobs 51 Blue Collar Jobs/Career Options To Pursue If You Get Laid Off From Big Tech In 2024

Is Precious Metals A Good Career Path In 2023?

Is Precious Metals A Good Career Path in 2022? Before choosing a career path in any sector, you must be willing to commit to pursuing the same in the long run. Precious metal is becoming one of the most secure career options available at present. Great patience is required to stay focused on a single career path and continue the same with high determination. Now, let’s concentrate on the question about precious metals and their career paths. According to Investopedia, precious metals are said to be a good portfolio diversifier and hedge against inflation. The commodities that can be added to your precious metals portfolio are Palladium, Platinum, and Silver. Is Precious Metals A Good Career Path In 2023 The answer to this question is an absolute Yes. Precious metals can be anything such as gold, silver, platinum, diamond, etc. You can consider investing in precious metals and these can be utilized in the future. You just need to be sure that the metals you invest in must be in stable growth or have a history of good returns. At times when the value of stocks and bonds was declining, the value of silver and gold was increasing. This is how precious metals can play a vital role in your life. On the other hand, the best part about investing in this asset is that you are already self-employed in the financial industry and this is a great skill that you must have. How Many Jobs Are Available In Precious Metals? Now that you know that it is a rather good industry to work in, you might be wondering, “how many jobs are available in precious metals?” Let me tell you the answer! Precious metal mining is a significant industry in the United States. Open-pit mines and underground mines are two examples of types of mines. To extract metals from the earth, mining companies use a variety of methods, such as rock crushing and blasting. After being removed, the metals are refined into more pure forms. During the lengthy and intricate refining process, heat is used to remove impurities from metals. There are thousands of open positions in the country related to precious metals, in addition to the 24,350 Americans who work directly as jewelers or workers with precious stones and metals. However, there are numerous additional jobs related to jewelry manufacturing and distribution. How To Become A Precious Metal Worker? If you are not willing to invest in precious metals and want to do a job as a work in the same industry then you can become one. A worker in this industry must have great body awareness and must be able to concentrate long hours without any distraction. Don’t think any job is easy. You need to give your time and effort and make your job a successful one. Another crucial aspect to become a meta worker is excellent vision. Without visual fatigue, you must be able to focus on tiny areas for hours at a stretch. On the other hand, a precious metalworker must be an ethical worker who can be trusted around large amounts of valuable materials, including gold. Are Precious Metals A Good Investment For You? Yes, precious metals are a good investment for you. The main reason for this is they have intrinsic value and carry no credit risk. They offer precious metals that provide a low or negative correlation to other assets like bonds and stocks. Thus, it is said that even a small percentage of precious metals can reduce risk and volatility in the long run. But there are also some set of risks that comes with precious metals and you must know this at the earliest. Prices of some metals can drop due to technical imbalances and during the time of uncertainty, sellers benefit more than buyers. So, you must know your risk profile and goals before jumping in. The Final Thoughts In case you were searching for the answer to “Is Precious Metals A Good Career Path,” I hope that this article has been of help to you. If you have any other queries related to the same, feel free to let me know. All that you need to do is scroll down till the end of this page. Then leave your queries and suggestions in the comment box below. And I will be there to answer them all for you! Further Reading: Is Basic Industries A Good Career Path Is Other Consumer Services A Good Career Path Is Clothing/Shoe/Accessory Stores 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?