One of the most growing industries in the service sector is Banking Industry. The banking industry is one of the most essential industries in stabilizing the economy of any country. The banking industry is the provider of thousands of jobs. It is many people’s dream to get a job in any of the major banks. For both freshers and experienced people banking is one of the best industries to join.
An intellectual and skilled person in the banking sector can grow their career rapidly and score one of the major roles without waiting for many years. Getting a job in any bank is good but if you can score a job or a senior position in one of the major banks then your career and life are set. The facilities and the salary, which come with high-level jobs at any of the major banks, are enough to make your life satisfying and luxurious. Following are some of the best-paying jobs in banks and if you score any one of them in any major bank, then you can spend your life with luxury and comfort. All of these roles require good skills, experience, and a degree of at least a bachelor’s level.
Chief Financial Officer:
Chief Financial Officer (CFO) is the second highest executive role in any major bank after the Chief Executive Officer (CEO). Management of the cash flow of the bank, managing and analyzing financial planning, making, and executing decisions regarding the strategic financial direction of the bank are the responsibilities of the CFO in any major bank. You can get paid as much as 140,000 USD annually if you become the CFO of any major bank. It is one of the best-paying jobs and you will need experience and major skills in leadership if you want to get a position as CFO in any one of the major banks.
Financial Analyst is one of the best paying jobs in major banks. It is one of the most important roles in the banking industry. They play a senior role in the bank and are responsible for taking major decisions. The main responsibility of a financial analyst is to recommend financial decisions after reviewing the financial data, as well as perform financial modeling, and financial forecasting, and prepare presentations for the data they have gathered and organized. Reviewing stock performance is another responsibility financial analyst cater. You may have to work hard and sometimes work extra hours other than your required office hours, but it will all be worth it when you receive your paycheck. The average salary of an experienced and qualified financial analyst is around 80000 USD. Intellectual and skilled people with a background in accounting, statistics, and finance can score this job.
The reason behind this role being in the list of best-paying jobs in major banks is because the internal auditor in any bank is responsible for the recordkeeping of the complete financial data of the company. He ensures accuracy and compliance in major banks. Internal auditors also make sure their bank complies with the regulation imposed by the central bank or federal government. Well-organized and detail-oriented individuals are the best fit for the role of internal auditor. You will have to be from a finance or banking background if you want to score this executive job in any major bank. People who have data analyst experience can also get this job. You can get an average salary of around 75000 USD annually if you succeed in getting a job as an internal auditor.
It is one of the highest-paying jobs in the major banks. Your average salary will be around 62000 USD if you can get the role of Stockbroker in any major bank. Stock brokers are also called Securities and Commodities Agents. The main role of a stockbroker is to review and analyze the financial market and brings buyers and seller together. They offer advice to both buyers and sellers in buying and selling commodities or securities. Trading bonds, mutual funds, and commodities like gold and stock is also the responsibility of a stockbroker. You will get a high paycheck from this role but it is one of the most challenging jobs in the banking sector. You will need abundant knowledge and have to deal with the one-on-one customer support, which can be exhausting.
You can get a maximum of 82000 USD annually if you can get a role of Financial Examiner in any one of the major banks. Ensuring regulatory compliance and reviewing financial documents is the main responsibility of a financial examiner. You will get a higher paycheck but your job will be challenging. You will have to visit different banks to conduct financial examinations after analyzing and reviewing a lot of data and bank transactions. You will have to be detail oriented and skilled to score this role, which is one of the best-paying jobs in major banks.
A loan officer in any major bank facilitates customers by reviewing and accepting their applications for the loan. He is also responsible for mortgage loans, personal loans, and a variety of other loan products. This is one of the roles with a very higher paycheck. The average salary of the loan officer is around 62000 USD per year.
Developing long-term plans and financial reporting is the main responsibility of the Financial Manager. Analyzing profits and cash flows of the bank are also the responsibility of the Financial Manager. The average salary of a Financial Manager of any major bank is around 90000 USD.
The budget Analyst is responsible for the budget of the bank. Analyzing and reviewing the bank’s budget is also the responsibility of the Budget Analyst bank. The average salary of a Budget Analyst is 80000 USD. Management and Organizational skills are essential for this role.
So, if you are looking to make a career in the banking sector you should aim for one of the above-mentioned jobs. You should try hard to score one of these best-paying jobs because getting any one of these roles in any major bank would be the turning point in your professional life.