Banking Jobs in 2024: Jobs after Banking, Career Options, Government Jobs

A banking course is well known across the world and is an essential part of business operations worldwide. There are several options available after pursuing a banking course. It is one of those jobs that offer both a high salary and job satisfaction in the longer run.

Jobs options after banking can easily fetch one with exposure and managerial positions. A lot of career options after banking comprise profiles such as Bank Manager, Financial Risk Manager, Financial Accountant, Investment Banker, Certified Public Accountant (CPA), Equity Analyst, etc.

Banking jobs aid in getting great salary packages of around INR 4,00,000-11,00,000 per annum at an entry level. But with just the right amount of experience and skill set, one can easily even earn higher amounts of salary that is up to 21,00,000 per annum.

Also Read: Banking Courses After Graduation: Eligibility, Admission

Banking Jobs quick highlights are presented below. These details can fetch the candidates with a deep understanding of the career options after the banking course.

Also Read: Banking Courses- Subjects, Syllabus, Fees, Salary & Scope

When it comes to job profiles, the banking course actually offers a wide range of top leadership, managerial and administrative positions. A list of top job profiles and their description after a banking course are as follows:

• Banker: A banker usually works at a bank or a financial institution. They are responsible for meeting with bank members and helping them acquire loans through the bank. By doing this the aim is to help the bank earn money by applying fees and interest rates to those loans. Bankers can also meet with clients for a paid consultant to advise them on financial matters such as investments and capital resources.
• Mortgage Consultants: These individuals help clients with personal finances.
• Bank Manager: A bank manager supervises all operations such as customer service, staff management, administration, security compliance, sales activities, etc. A bank manager is basically in charge of the entire bank operations in a local branch.
• Loan Processor: A loan processor works for a financial institution by using their knowledge of risk analysis in financial statements to review loan applications and approve our deny applicants for the loans they apply for. Their main duty is to protect the financial institution and its monetary assets by only approving candidates who have a good financial history.
• Investment Representatives: An investment representative works at a bank, investment firm, or financial institution. Their job is to provide clients with financial advice regarding investment typically for a fee. They are also obligated to perform sales-related duties to market their Institution's financial services and products.
• Credit Analyst: A credit analyst can work for an investment bank, investment firm, credit card company, and any other institution where lending money is involved. They are responsible for reviewing an applicant's financial history and credit score. The main difference between a credit analyst and other professions like a loan processor is that they can only provide a recommendation as to whether or not an applicant should be approved.
• Investment Banker: This job profile is a specialized role and has many different areas of focus. Investment bankers can provide financial advice to clients relating to investment opportunities but they can also help instrument the process by overseeing the liquidation of assets to reduce debt & other factors.
• Relationship Manager: A relationship manager works for a bank and acts as a point of communication between members and the institution itself. Their main job duty includes maintaining customer loyalty by checking in with them by email or phone. They are also responsible for fostering relationships with new customers by helping them gain bank membership and create a current or savings account.
• Financial Advisor: The primary duty of a financial advisor is to work for the bank or the financial institution by helping the client determine their financial goals and the best means to achieve them. This entails trading for them in stock markets, reviewing their financial history, and providing them with advice for the best decisions they can make for their finances.
• Financial Analyst: These individuals are responsible for monitoring market trends across industries and using their expertise to guide clients in businesses on when, where, and how to invest. A financial analyst typically works for financial institutions, major corporations, corporate houses and banks, and even insurance companies.
• Asset Manager: The main role of an asset manager is to work for individual clients as a sole proprietor or as a part of a bank or financial institution. They are responsible for reviewing their clients' financial portfolios and monitoring the stock market to determine the best investment decisions for their clients. They also help them invest in stock and other assets and predict what will give them financial growth.The job of an asset manager entails a lot of time and research to make informed decisions about potential investment opportunities on behalf of the client.
• Underwriter: An underwriter’s primary duties include reviewing loan applications and assessing whether or not the applicant can afford to pay off the loan. Further, they draft up a contract for approved borrowers that outlines the loan amount and payment rates expected by their companies. Underwriters may work at insurance companies, financial institutions, banks, and other lending companies.
• Loan Officer: A loan officer works for a financial institution, bank, or lending company. They are responsible for gaining expert knowledge of all the loan options that their employer offers to borrowers. They also meet with clients, both businesses and individuals, to determine their eligibility by reviewing their financial statements. They can also give clients quotes on loan rates and sums available to them.
• Investment Banking Analyst: An investment banking analyst works as a liaison between business owners and potential investors to help businesses confirm their financial health. These professionals also help businesses increase investor relationships by helping them manage their finances in a smart way.
• Internal Auditor: Internal auditors for banks have a responsibility to complete assessments of the bank’s internal procedures, loans, spending habits, employment expenses other risk management factors. Their mean goal is to determine whether the bank complies with laws and regulations and if they are financially stable.
• Bank Teller: A bank teller works in a bank and is responsible for helping customers and members with cash checks, withdrawing money transactions to different accounts, creating checking and saving accounts, and providing checks to customers. Bank tellers should have ethical standards and practice confidentiality to uphold member account information. They should also have good problem-solving skills and be able to communicate verbally.

Also Read: Banking Courses Syllabus & Subjects 2023- Semester Wise

Numerous job options after banking courses are available in India both in public and private banks. Nowadays, after completing a banking course, individuals are even getting jobs outside banks such as in non-banking financial institutions, corporate houses, loan companies, etc. Some of the popular job options after a banking course are given below:

• Credit Analyst/ Credit Risk Manager
• Bank Teller
• Banker
• Loan Processor
• Mortgage Consultant
• Investment Representative
• Investment Banker
• Relationship Manager
• Financial Advisor
• Financial Analyst 
• Asset Manager
• Underwriter
• Internal Auditor
• Investment Banking Analyst
• Loan Officer/ Counsellor
• Bank Manager

Also Read: Investment Banking Courses- Certification & Job Guarantee

There are numerous degree programs available at the undergraduate and postgraduate levels for students interested in aspiring banking jobs. In India, the basic academic eligibility one needs to apply for banking jobs is a degree in Commerce, Science, or Arts and a good score in the relevant banking exams to be eligible for their chosen posts. Further, if one aims to work in any of the specialized fields of banking it becomes important to gain a degree in the same field. Here are the prominent banking courses you must consider to get high-paying jobs in India.

Bachelor Courses (UG)

• Bachelor’s in Banking and Finance
• BBA in Banking/Accounting
• Bachelor’s in Finance and Accounting
• Bachelor’s in Statistics and Business
• Bachelor’s in Banking And Insurance (BBI)
• Bachelor of Commerce
• Cost Accounting 

Masters Courses (PG)

• MBA in Banking and Finance
• Master’s in Financial Mathematics
• Master’s in Monetary and Financial Economics
• Master’s in Finance/ Accounting
• Master’s in  Banking And Insurance
• Master’s of Commerce
• M.Voc in Banking, Stocks, and Insurance
• Diploma/ Certificate

Diploma in Banking and Finance

• Graduate Certificate of Finance and Banking
• Graduate Certificate in Banking Security
• Diploma in Banking Services Management
• Graduate Diploma in Banking
• Graduate Diploma in Banking and Finance 

Post Graduate Diploma in Banking & Finance

• Post Degree Diploma in Economics and Global Banking
• PGDM in Banking Management
• PGDM in Banking and Financial Services
• Short-Term PGD in Banking
• Advanced Certificate in Banking Laws and Loan Management

Also Read: Diploma in Banking & Finance- Course Detail

There are endless amounts of opportunities in the banking sector across all entry-level, mid-level, and top and management levels. A detailed insight into the career options after the banking course can be understood from the information provided below:

• Entry-Level Career Options after Banking Course: Assistant Manager, Banker, Bank Teller, Notary Public, Closing Coordinator, Customer Service Representative, etc.
• Mid-Level Career Options after Banking Course: Auditor, Investment Banking Representative, Accountant, Credit Analyst, Bank Manager, Loan Processor, etc.
• Top-Level Career Options after Banking Course: Financial Advisor, Financial Analyst, Investment Banker, Equity Analyst etc. 
• Management-Level Career Options after Banking Course: Management-level career options after a banking course can only be pursued after completing an MBA degree. Varied career options after completing a banking course at the management level include profiles such as CEO, and CMO. CFO, COO. CRO etc. 

Also Read: Top Banking Colleges in India 2023

The industries and employment areas where banking professionals are always in demand include the following:

• Banks
• Non-Banking Financial Institutions
• Corporate Houses
• Taxation & Excise Offices
• Government Offices

A lot of top firms and recruiting companies recruit higher banking graduates. Some of the well-known and established companies/ recruiters include:

• JP Morgan
• Goldman Sachs
• World Bank
• IMF
• SEBI
• Morgan Stanley
• American Express
• Citibank
• Private and Government banks like HDFC, ICICI, Kotak, SBI
• Merrill Lynch
• Barclays Capital
• Deutsche Bank