Retail Banking Career

A retail banking career may involve administrative or office tasks. One may take positions such as bank teller, customer service, financial services, or support. The tasks and responsibilities of a retail banking professional or personnel depends on one’s educational background and experience.  Bank tellers and cashiers are tasked to process transactions like money orders and exchange, withdrawals, and deposits.  Customer service or account representatives attend to clients who open or close accounts.

Credit card applications and loans are handled by loan and credit clerks.  Clerks are assigned to do tasks such as accounting, bookkeeping, auditing, updating records, and processing bank transaction documents.

How to become a Retail Banking Professional

Job requirements for a retail banking career depends on the job position one wants to be in.  Entry-level positions would require a high school diploma, while specialized or management positions would require one to earn a college degree.  One may earn a degree in finance, accounting, business administration, management, commerce, or other related field.  Still other retail banking positions would require one to earn a master’s degree or MBA. One must have strong analytical or mathematical skills.  Gain relevant experience in both financing and customer service.  Career advancement would require training, certification, and taking continuing education courses.

Retail Banking Courses, training, programs

A degree in finance provides one with the necessary background required for a retail banking career position. The program covers various areas such as accounting, business, e-business, information systems, management, business ethics, business law, economics, finance, marketing, money and banking, cost and price analysis, financial management, investments, financial markets and institutions, research and writing, business communication, and statistics.  The program also includes general studies and electives.

TOP 5 colleges/Universities

University of Pennsylvania (Wharton), Pennsylvania

University of Chicago (Booth), Illinois

New York University (Stern), New York

Stanford University, California

Columbia University, New York

Retail Banking Jobs, opportunities, salaries/pay

A retail banking career gives one an opportunity to earn as much as $92,000 per year depending on the career position, work location, employer, experience, and benefits.  Employment may be found in industries such as banking and financial services.


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Category: Banking Careers

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