Which Banking Sector Suits Your Career?

By: EconomyWatch   Date: 30 September 2009

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The banking industry includes several financial organizations with different products and services. Some of the organizations specialize in a particular segment of the industry, such as investment banking, while others offer comprehensive services. Thus, bank job openings vary in their profiles and eligibility requirements.

Corporate Banking

Corporate bank job openings are for individuals with excellent communication skills. Corporate banking, also known as wholesale banking, includes providing banking products and services to enterprises, government agencies, corporate houses and institutional establishments. Corporate banks offer comprehensive financial solutions ranging from business accounts and lending to investments. The corporate banking business is led by a relationship manager who communicates with potential and existing clients. The back office work is headed by the operations manager. Each of the two profiles has several teams of bank executives performing different functions.

Retail Banking

Retail bank job openings require communication skills as well as front desk operations management. Unlike corporate banking, retail banks serve individual customers and not institutions. They have widespread branches even in smaller towns and villages to extend banking services to the grass-root level. Retail banks offer savings accounts, certificates of deposit (CDs), retirement plans, insurance schemes, personal credit cards and mortgage to individual customers. Retail banking job profiles include branch manager, ATM manager, teller, loan manager and support staff.

Investment Banking

Investment bank job openings are strictly meant for professionals with expertise in finance and investment. An investment bank specializes in investment solutions. They assist large holdings, entrepreneurs and organizations in achieving their financial goals with sound investment decisions. A chartered accountant degree is a must for a flying career in investment banking. Job openings available with an investment bank are:

  • Investment banker
  • Manager
  • Account manager
  • Commodity broker
  • Corporate financer
  • Investment analyst
  • Investment fund manager
  • Operational investment banker

Commercial Banking

Commercial banks are large holdings with comprehensive finance solutions and so they offer bank job openings from all the above categories. Commercial banks have wide customer bases, including individuals and corporations. The range of services they offer include banking, lending, investment, credit cards and insurance.

 


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