Career as a banker is one that involves multiple duties and responsibilities. There are many types of bankers and each one is unique in their own specific way. Some of these bankers work for big corporates while others work for relatively smaller financial institutions.
A banker is an individual who advises their clients with regard to financial matters and ways in which they can manage their finance. Their duties are mainly concerned with savings, loans, taxes, investments, and securities are all within the job realm of a banker. The banker will provide financial assistance to the client as per their requirement and needs.
To have a successful career as a banker it is very important to have the following skills:
Responsibilities of a Banker
A banker has numerous general responsibilities which go along with their daily job duties. From assessing the client’s financial standing to offering bank programs, to reviewing finances of the client to assist in the smooth functioning of the financial institution, these are some of the few responsibilities that a banker has to take care of.
Investment Banker Eligibility
Banker (RBI) Eligibility
Private Banker Eligibility
Their many job roles available for bankers. One can choose as per their acumen and career interest. Some of the popular job roles for bankers are listed below:
Branch Manager: They manage the branch and are responsible for all the operations of that particular branch. They advise customers, manages and motivates the staff and plans towards profit generation. He has many officers, clerical and other staff to whom he delegates the task.
Bank Officers: Bank officers are of many types and they manage multiple job roles. They keep a record of businesses, manage personal accounts and bank operations. They also carry out market research for their respective bank and manage public relations.
Merchant Bankers: Merchant bankers play an important role in the public issue process. They perform a combination of many services like consultancy and banking services. They provide consultancy on finances, marketing, management, and law.
Corporate Bankers: Corporate bankers provide deal with companies and high -end businesses. The products they offer include treasury services, loans and credit, trade finance and employer services like payroll.
Retail Bankers: They are those bankers who work in high-street banks and interact directly with individuals and small businesses. Their job is to give financial advice, authorise loans and set up bonds and manage savings accounts.
Investment Bankers: They act in capital markets as an advisory capacity to corporations and governments. Investment bankers help their clients raise money in the capital markets, provide various financial advisory services, and assist with mergers and acquisition activity. They also provide assistance in security issues and perform underwriting.
Some of the popular employment opportunities for banker are as follows:
The top recruiting companies for bankers includes many government banks, private banks, and financial institutions. Check out the popular recruiting companies for bankers are as follows:
The salary of a banker in India is directly linked to their performance and their rapport with their clients. Bankers working with RBI not only enjoy good salary packages but also have various other job perks. The average salary of a banker in India is between Rs 4, oo,ooo to Rs. 6,oo,ooo at the start of their career. However, with professional growth and adequate experience, the salary of a banker is more than Rs.10,00,000.
Investment bankers, personal bankers and corporate bankers have very high salary packages and their careers are also very rewarding.
Some of the other perks enjoyed by reputed bankers are as follows:
Bankers are the backbone of the financial industry and it is very important for them to strategize and plan their every move as they deal with finances. We have compiled a list of best banking books which can help both establish and prospect bankers enhance their knowledge about the finance and banking industry
You could become a Human Resource Manager , a Retail Manager , an Entrepreneur , an Operations Manager , a Management Consultant after studying M.B.A. (Master of Business Administration).
You could become a Chartered Financial Analyst (CFA) after studying B.Com. (Bachelor of Commerce).