Banking Jobs

Significant Points Of Banking Jobs

Banking employment is projected to grow more slowly than average as consolidation and automation make banks more efficient.
Office and administrative support workers constitute nearly 7 out of 10 jobs; tellers account for more than1 out of 4 jobs.
Employment of tellers will increase more slowly than average, but job openings should be plentiful because the occupation is large and many tellers leave their jobs every year and must be replaced.
Employment growth is expected in management and professional jobs, as well as for customer service representatives and securities and financial services sales representatives.
Nature Of The Industry

Banks safeguard money and valuables and provide loans, credit, and payment services, such as checking accounts, money orders, and cashier's checks. With the passage of the Financial Modernization Act in 1999, banks also may offer investment and insurance products, which they were once prohibited from selling. As a variety of models for cooperation and integration between the financial services industries have emerged, some of the traditional distinctions between banks, insurance companies, and securities firms have diminished. In spite of these changes, banks continue to maintain and perform their primary role in the financial system—accepting deposits and lending funds from these deposits