Have you ever heard of working banker's hours? What does that mean anyway? Let's take a look at available positions that you may find at your local banking branch and some pros and cons that come with the work. Each financial institution is a little different, but they follow government established guidelines. I speak to my experience working in this industry.
When you think of banking, the most common position that comes to mind is usually teller, but there are a multitude of positions. These opportunities have an enormous range and could require no previous training or advanced degrees in finance. More common positions include teller, banker, branch manager, wealth consultant, or loan officer. Other positions within the corporation could include Human Resources experts, call center representative, web design or app developer, marketing and promotional workers, loss prevention, and even training and education specialists. Some of these positions do require you to move to a city where the bank you are working with has a hub, which is something to consider depending on the career pathway that you choose.
I found one of the most difficult parts of banking was that most consumers do not understand how banks work. For instance, banks keep limited amounts of cash on hand to help mitigate losses in the event of a robbery. If you ever want to withdraw a large amount, you should call ahead so the bank can order it in for you.
Another issue was that people don't understand why all bank accounts aren't free. They forget that banks are businesses and they make money based on their services. There are opportunities to waive most bank fees if you have a certain amount on deposit or if you have monthly direct deposits. Banks make money on offering different services, however, since they are able to use funds on deposit to earn interest they are often able to reimburse certain monthly charges. They base their models on making this money on the backend not necessarily on small fees that occur, this is why if you ever have an overdraw charge or a late fee if you call and ask for a customer courtesy waiver, they will often (Not, always, so don't "bank" on it.) refund your charge if the issue was immediately addressed. It never hurts to ask.
Does finance sound like fun? Check out your local banks for openings.
Rayna Moore -
© 2021 by Rayna Moore