Skills

• Jobs in the banking and financial industry demand a certain set of skills from employees. Good interpersonal and communication skills are top of the list, and retaining current customers is the latest expansion strategy among banks. Math skills and ability to handle complex calculations such as compounding interest rates quickly and easily are also a must. You must also demonstrate flexibility to adapt to changing work practices and technologies in the fast-evolving world of finance.
  
  

Education

• Jobs in the banking industry have different education requirements depending on the position. Some entry-level jobs such as those of bank tellers demand only a high school diploma. Higher-level jobs, managerial positions and even those of senior tellers, however, require a minimum two-year degree in finance or related fields. Certain jobs such as prospective investment banking professionals and financial advisers generally require a master's degree in business administration with relevant specialization in the area of service.
  
  

Salary

• Salaries offered in the banking and financial markets vary according to the level of job, but this industry is generally a good payer. Starting salaries normally fall between $40,000 and $60,000 for entry-level jobs. More senior positions like that of a loan officer can command a salary of about $100,000. Portfolio managers, chief technology officers and chief financial officers can earn as much as $500,000 a year. Annual bonuses and performance-related pay are common features of jobs in banking.
  
  

Perks

• There are many fringe benefits that are available to you in the banking sector. You can avail financial products such as mortgage interest, insurance cover and medical plans at lower rates. Company cars for employees in higher positions are also sometimes offered. Relocation to foreign countries is also a common occurrence in this profession and many people welcome the opportunity for foreign exposure and travel. Other banking rewards include low-cost vacations, tax saving benefits and sometimes even free legal advice.
  
  

Outlook

• There are many positions for which you can apply in the banking world, depending on your interests and qualification. As a banking professional, you may be required to provide loan services as a loan officer, audit customer accounts and financial operations as an auditor or accountant, research investments and make financial recommendations as a financial analyst or plan customers' individual financial plans as a personal finance officer. Other job options include credit analyst, trust officer and branch manager positions.