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Career Library > Banking Services

About Career

Are you good in numbers? Do you like commerce and finance? Do you also like to work in a structured work environment? If yes, you should consider a career in Banking.

A bank is a financial institution that handles cash, credit, and other financial transactions.  Banking services means all the services that the bank offers to all their lenders, affiliates or borrower. 

Bank offers different services to their clients like cash deposit, withdrawal,  investment in different financial products, selling and exchange of foreign currency and many more. Banks also offer debit and credit cards to their customers so they can get money from their account anywhere and whenever they want. They can also use it to pay at supermarkets, gas stations and other stores without cash.

There are following types of Banking:

  • Retail Banking: It deals directly with Individuals and Small Business Entities
  • Business Banking: It offers services to Medium-Sized Businesses
  • Corporate Banking: Services are focused on Large Business Houses
  • Private Banking: Wealth Management Services are provided to high-net-worth individuals (HNIs)
  • Investment Banking: Services are directed towards activities on the financial markets

What are the roles and responsibilities for Banker?

  • A retail banker helps with the financial requirements of individuals and businesses and provides advice and financial services. 
  • Deal with customers queries, face to face, over the telephone or in writing.
  • Serve customers at the counter.
  • Understand customer needs, recommend suitable products and making sales.
  • They process paperwork from sales, change of customer details, closure of accounts.
  • Learn about new products, services and processes.
  • Authorise loans and overdraft facilities.
  • Set up saving accounts and bonds.
  • Assist in the movement of money via payment mechanisms.
  • A manager of a retail bank will need to increase sales of financial products and services, attract new customers and manage a team of staff.
  • Managing, recruiting, and coaching teams of people.
  • Deal with customer complaints that cannot be solved by the front line staff.
  • Implement the new products, services and processes devised by head office.
  • Representing the bank into the broader community and building relevant contacts.
  • Open and close the branch daily and ensuring that the premises are fit for the business.
  • Meeting sales targets and managing budgets.

What are the key skills required for Banking services?

  • Financial Analysis
  • Financial Modelling
  • Investment Planning
  • Credit Control
  • People Management
  • Banking Operations Management
  • Customer Service

What are the career opportunities in Banking services?

  • Accounts Assistant
  • Bank Tellers
  • Banking Assistant
  • Banking Officer
  • Business Development Executive
  • Certificate Course in Quantitative Methods of Banking & Finance
  • Corporate Banking
  • Credit Checkers and Authorizes
  • Customer Service Executive / Phone Banking Officer
  • Executive Secretaries and Administrative Assistants
  • Financial Managers
  • First-line Supervisors/Managers of Office and Administrative Support Workers
  • Loan Officers
  • Micro Finance Professionals
  • New Accounts Clerks
  • Probationary Officers
  • Retail Banking
  • Title Examiners and Searchers
  • Banking Manager

What is the salary and demand for Banker?

  • Demand is High for Banking Services.
  • Salary levels are High for Banking Services. For fresher average salary is more than 5 Lacs.
  • Fees levels of the course is Medium. To pursue this course student need to spend 3 to 4 Lakhs.
  • Level of preparation for Banking Services is Medium. Students spend 1 year to prepare for entrance test of Banking Services.

1 Fees
Medium
2 Demand
High
3 Salary
High
4 Level Of Preparation
Medium

Career Videos for Banking services as a career curated from Youtube

What education is required to become a Banker?

  • Student can do 12-Any stream. Then complete B.Com/BA. Further you can Proceed with Bank PO Exam.
  • Student can do 12-Commerce. Then complete BA/B.Com. Further you can Proceed with CA/ICWAI. Further you can Proceed with SBI/RBI exam.
  • Student can do 12-Commerce. Then complete B.Com/B.Eco. Further you can Proceed with MBA in finance.
  • Student can do 12-Commerce. Then complete B.Com/B.Eco. Further you can Proceed with Certification in Investment Banking.

Career Navigator 1

12-Any stream

B.Com/BA

Bank PO Exam

Career Navigator 2

12-Commerce

BA/B.Com

CA/ICWAI

SBI/RBI exam

Career Navigator 3

12-Commerce

B.Com/B.Eco

MBA in finance

Career Navigator 4

12-Commerce

B.Com/B.Eco

Certification in Investment Banking

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