US Banking & Finance Jobs

By: EconomyWatch   Date: 30 September 2009

About The Author

EconomyWatch

The core Content Team our economy, industry, investing and personal finance reference articles.

EconomyWatch, Content Team

 

  • Dot Div
  •      

US Finance Jobs

Finance, a highly competitive industry, requires professionals to show tremendous determination, intelligence and knowledge to stay ahead. There is a wide variety of US finance jobs that you can apply for. Jobs in the finance industry suit applicants with:
  • The ability to persuade others and can manage long work shifts. Job seekers with sound mathematical skills and knowledge of MS Excel can opt for the position of an analyst in public companies while an all-rounder can consider the post of a financial advisor.
  • Specialized Qualification: Holding a degree in a specific financial subject makes it easy to find a place in the finance industry. If you are a studying and do not know which internship program to choose, consider a front-line sales position to increase awareness.

A bachelor’s degree will help you in getting the job. However, to work with your dream company, a master’s degree in business administration is a must. Experience will be an added advantage. Candidates who have an MBA degree in economics or finance are in high demand.

Some companies offer yearly training programs to graduates. This is usually a probationary period and the performance of every candidate is tracked. If you perform well, your chances of getting a letter of recommendation are high.

Obtaining a securities license stabilizes you in the finance industry. If you intend to settle down as a broker and sell securities, a Series 7 and a Series 63 are must have. A Series 24 license will be required for a managerial position. For options principals, a Series 4, and for equity traders, a Series 55 license is required.

In the finance sector, analysts have the brightest chances of moving up the corporate ladder. This is because they conduct a lot of research and usually have excellent writing skills. They can become financial writers, after which they can hone their organizational skills to become branch managers. Brokers usually have less chances of promotion. This is because their expertise usually lies only in sales.

US Banking Jobs

The US economy was hit the hardest by the 2008 global meltdown, leading to a steep fall in the number of major financial organizations, especially banks. The impact declined by mid-2009, with banks rolling out fresh vacancies for undergraduates and degree holders. US banking jobs can be sought at some of the following major banks in the nation:

  • Bank of America Corp.: Headquartered in North Carolina, the bank owns above $2.5 trillion in assets, making it the largest in the country. It has more than 171,587 employees (February 2009). The bank has its branches spread over 150 countries. Job seekers can apply for jobs in mortgage, customer care, administration, risk evaluation, sales and technology.

  • JPMorgan Chase & Co.: Founded in 1799, JPMorgan owned over $2.175 trillion assets by early 2009. It is the largest bank in the US in terms of market capitalization. The bank’s operations are spread across 60 countries. More than 228,452 employees (2008) serve millions of customers in the US. The bank offers a wide range of job opportunities to undergraduates and MBA degree holders. One can apply for jobs in card services, commercial banking, securities services and asset management.

  • Citigroup Inc.: One of the best organizations to work with, Citi is the largest financial services company in the world. Founded in 1812, it has operations in 140 countries, with 16,000 branches across the globe. The third largest US bank in terms of assets, it is headquartered in New York. It serves more than 200 million customers worldwide. There are over 322,000 employees (2009) working with Citi. Job seekers can apply in Institutional Clients Group (ICG) and Consumer Banking in the US. One can apply for maximum of two vacancies in a business division.

  • Wells Fargo & Co.: Headquartered in San Francisco, California, Wells Fargo was established in 1852. One of the largest financial services companies in the US, it serves millions of customers. In terms of assets, it is the fourth largest bank in the country. It employs over 276,000 people and has 6,650 retail branches (2009). Its diversified product array comprises retail banking, mortgages, insurance, consumer finance, payday advance and investment banking. One can apply at Wells Fargo for the position of a teller, phone banker, home mortgage consultant, credit manager, web developer and information security analyst.


  • Dot Div
  •      

Most Popular in International Finance Jobs

Related Links
blog comments powered by Disqus