If you are considering a business career, you will find that multiple banks in your community have been operating for decades.
The banking industry has been in existence for many centuries and will continue to be a major part of the economy in the future.
However, the positive job outlook, pay, and sustainability of the industry are not the only perks of becoming a banker.
Research reveals many tangible advantages of being a part of this highly lucrative industry.
If you are considering choosing a banking career path, keep reading to learn more!
Why Become a Banker
In addition to the mentioned advantages, bankers enjoy a fulfilling career since they help, they play a critical role in lending, investing, and protecting clients’ money.
Also, bankers have a flexible schedule with nights, weekends, and holidays off.
Also, many banking industry jobs boast attractive compensation with excellent benefit packages.
Finally, the banking industry is gigantic, so there are countless advancement opportunities, including:
1. Bank Teller
Why Become a Bank Teller?
Although the future job outlook for bank tellers is in decline due to the use of ATMs and online banking, most who desire to become bank tellers enjoy customer service and the banking environment.
Since banking institutions play a role in every individual’s life, bank tellers help customers follow their dreams to get that new car of their first home.
Being a bank teller also helps improve your listening skills while allowing you to sharpen your sales skills by lightly selling bank products and services.
| Bank Teller Key Stats | |
|---|---|
| Avg. Salary / year | $47,830 |
| Avg. Pay / hour | $23.00 |
| Education | 0-6 Months |
| Outlook | -8.3% |
Read the full career guide: How to Become a Bank Teller
2. Banker
Why Become a Banker?
The term “bankers hours” originated in the 19th century to indicate a short business day, which reflected the work schedule of bankers during that period.
While modern bankers enjoy a $44,000 per year average salary and 10% future job outlook, they also have excellent benefits and a comfortable work environment.
General banking is also often considered a low-stress job.
| Banker Key Stats | |
|---|---|
| Avg. Salary / year | $47,830 |
| Avg. Pay / hour | $23.00 |
| Education | 4+ Years |
| Outlook | 10% |
Read the full career guide: How to Become a Banker
3. Credit Analyst
Why Become a Credit Analyst?
Boasting an 8.3% future job outlook and an average annual salary of around $85,000, credit analysts can work for a variety of companies, large or small.
In addition to working for banks, credit analysts can also work at a credit rating agency or any organization offering financing for services or products.
This allows credit analysts to work in almost all industries.
Also, credit analysts get to use their quantitative analysis skills while working closely with technology to analyze risk.
| Credit Analyst Key Stats | |
|---|---|
| Avg. Salary / year | $88,030 |
| Avg. Pay / hour | $42.32 |
| Education | 4+ Years |
| Outlook | 8.3% |
Read the full career guide: How to Become a Credit Analyst
4. Investment Banker
Why Become an Investment Banker?
With a whopping $94,000 per year average salary and almost a 10% future job growth, investment banking allows you to work in a fast-paced environment with intelligent and motivated individuals.
Those choosing to enter this field with a financial background will enjoy an exciting and lucrative career that utilizes interpersonal and financial skills.
| Investment Banker Key Stats | |
|---|---|
| Avg. Salary / year | $88,030 |
| Avg. Pay / hour | $42.32 |
| Education | 4+ Years |
| Outlook | 9.6% |
Read the full career guide: How to Become an Investment Banker
5. Financial Analyst
Why Become a Financial Analyst?
If you are considering becoming a financial analyst, you can enjoy extensive personal and professional development and growth in the role with an endless pool of job opportunities working for insurance companies, brokerage firms, investment funds, and commercial companies.
Also, with an average annual salary of $94,000 and an almost 11% future job growth, the pay and job security are exceptional.
| Financial Analyst Key Stats | |
|---|---|
| Avg. Salary / year | $88,030 |
| Avg. Pay / hour | $42.32 |
| Education | 3-4 Years |
| Outlook | 10.8% |
Read the full career guide: How to Become a Financial Analyst
6. Stock Broker
Why Become a Stock Broker?
For those who are on the more social side but enjoy being an expert in the economy and financial side of businesses, a career as a stockbroker may be your best option.
While there is a significant amount of rejection as a stockbroker, you get to service your clients to the fullest.
How many other jobs allow you to take an order over the phone for $1 million or more.
In addition to this excitement, as you get to know consumers, you get to help them meet life goals.
| Stock Broker Key Stats | |
|---|---|
| Avg. Salary / year | $88,030 |
| Avg. Pay / hour | $42.32 |
| Education | 4+ Years |
| Outlook | 10% |
Read the full career guide: How to Become a Stock Broker
7. Bank Underwriter
Why Become a Bank Underwriter?
With a salary of around $76,000 per year and an 8% job outlook, bank underwriters make a high salary with excellent job security and future growth.
Those who work for larger banks compared to a smaller location may experience a higher salary.
As a bank underwriter, you can enjoy traditional business hours in an office environment behind a computer.
While this may not sound exciting to many, those who like a more structured environment will do well as an underwriter in an office setting.
| Bank Underwriter Key Stats | |
|---|---|
| Avg. Salary / year | $80,570 |
| Avg. Pay / hour | $38.74 |
| Education | 4+ Years |
| Outlook | 8% |
Read the full career guide: How to Become a Bank Underwriter
8. Financial Planner
Why Become a Financial Planner?
With an average annual salary of $94,000 and an incredible 27% job outlook, those looking for an exciting financing career with good pay and excellent job security should consider financial planning.
In addition to these benefits, financial planners have access to a variety of career opportunities ranging from insurance companies, brokerage firms, investment funds, commercial companies, and numerous other establishments.
| Financial Planner Key Stats | |
|---|---|
| Avg. Salary / year | $80,570 |
| Avg. Pay / hour | $38.74 |
| Education | 4+ Years |
| Outlook | 27% |
Read the full career guide: How to Become a Financial Planner
9. Financial Controller
Why Become a Financial Controller?
Financial controllers make the most of any occupation on this list with an average salary of $147,000 per year and a 16% future job outlook.
The reason for such a high salary is financial controllers manage risk, accounting tasks, and teams, and publish financial statements.
In addition to the high job security and pay, those in this position have excellent exposure to upper management, are challenged daily, enjoy a good work-life balance, and can move into executive positions in the future.
| Financial Controller Key Stats | |
|---|---|
| Avg. Salary / year | $153,460 |
| Avg. Pay / hour | $73.78 |
| Education | 4+ Years |
| Outlook | 16% |
Read the full career guide: How to Become a Financial Controller
10. Accountant
Why Become an Accountant?
With an average annual salary of nearly $80,000 and a 10% future job outlook, becoming an accountant is a safe and lucrative choice.
In addition to excellent job security and a high average salary, those who become accountants will enjoy a variety of career path options ranging from collaborating with major corporations to small accounting firms, and moving into auditing, tax, financial, or management disciplines.
| Accountant Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 10% |
Read the full career guide: How to Become an Accountant
11. CPA
Why Become a CPA?
Certified Public Accountants or CPAs are highly educated, respected, and skilled individuals with expertise spanning accounting and financial areas.
Becoming a CPA requires extensive accounting knowledge and abilities, especially since the global economy is becoming more complicated.
As a CPA, you will enjoy a high salary of around $80,000 per year, excellent future job growth at 10%, every day is different, and the ability to advance to management positions in corporations.
| CPA Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 10% |
Read the full career guide: How to Become a CPA
12. Internal Auditor
Why Become an Internal Auditor?
Internal auditors provide internal controls and operations, risk management, and assurance on corporate governance within all business sizes and types.
Internal auditors are in a high-demand field, in the corporate spotlight, can earn many certificates, and enjoy a high salary of around $80,000 per year.
| Internal Auditor Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 10% |
Read the full career guide: How to Become an Internal Auditor
13. External Auditor
Why Become an External Auditor?
External auditors audit banks and financial institutions for compliance.
Becoming an external auditor allows you to learn about the banking system in great detail while giving you great exposure to senior management at various organizations.
Also, you get to travel to various locations to audit the institution’s books.
Furthermore, external auditors make an excellent salary at around $80,000 and enjoy a comfortable 10% future job outlook.
| External Auditor Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 10% |
Read the full career guide: How to Become an External Auditor
