Types of Jobs in Banking

September 26, 20223 Minutes Read
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Looking to make a career in banking. Here are 12 banking career options for you.

  1. Banker: A banker's main job is to work at a bank or other financial institution. They are in charge of meeting bank members (people and businesses), advising and helping them get loans from the bank. By doing this, they hope to make money for the bank by charging fees and interest rates on those loans.

  2. Bank teller: A bank teller is in charge of helping customers cash checks, get money out of their accounts, move transactions to different accounts, and open checking and savings accounts.

  3. Loan processor: A loan processor uses their knowledge of risk analysis and financial statements to look over loan applications and decide whether or not to give the applicants the loans they want. They protect the bank and its money.

  4. Credit Analyst: A credit analyst helps people get loans. They can work for investment banks, investment firms, credit card companies, and other places that lend money. A major difference between a credit analyst and a loan processor is that a credit analyst can only suggest whether or not an applicant should be approved.

  5. Mortgage consultant: Mortgage consultants help companies or people determine what kind of mortgage they need by looking at their financial history and how much they can afford.

  6. Investment representative: An investment representative works at an investment firm, bank, or other financial institution. They advise clients how to invest their money, usually for a fee. They also have to do sales-related work to promote their institution's financial products and services.

  7. Investment banker: Investment bankers can give their clients financial advice about investment opportunities. They oversee the sale of assets to pay off debt.

  8. Relationship Manager: A relationship manager is the point of contact between a bank or other financial institution's members and the institution itself. They are responsible for making new customers feel welcome and keeping old ones returning.

  9. Financial advisor: A financial advisor's job is to help clients figure out their financial goals and the best way to reach them. This means trading on the stock market for them, looking at their financial history, and giving them advice on how to make the best financial decisions.

  10. Financial Analyst: A financial analyst keeps an eye on market trends across different industries and uses their knowledge to help businesses and clients decide when, where, and how to invest.

  11. Asset manager: Asset managers are in charge of looking over their clients' financial portfolios and keeping an eye on the stock market to figure out the best investments for their clients. They help them buy stocks and other assets and figure out what will make their money grow.

  12. Internal auditor: Internal auditors for banks regularly evaluate the bank's internal processes, loan and spending habits, employment costs, and other risk management factors. They check if the bank follows the laws and can stay afloat.

    Take freebanking-related coursesby Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation). Upskilling helps you get a job easier. Create your resume for free as well, and add all your new skills. Pick the perfect course for you with the help of free career guidance. Glow & Lovely Careers also offers free mock tests for banking exams that can help you score better.

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Study Plan- How to Crack SSC Exams Without Coaching

To crack any competitive exam, a structured and systematic method of preparation is essential, especially for a very competitive exam like the SSC online test. For this, what you need is a proper study plan. Following a well-structured study plan will surely help you to crack the SSC online exam without having to depend on any coaching centers. Since the SSC exams are mostly online, the wisest idea would be to do online test preparation and to keep practicing SSC online mock tests.

The SSC (Staff Selection Commission) conducts exams for various posts coming under different ministries/departments in India. Some of these exams are the CGL (Combined Graduate Level) exam, Junior Engineer exam, Stenographers (Grade C and D) exam, SSC JHT exam and more. These exams are conducted from time to time throughout the year. Most SSC exams have almost the same syllabus, with one or two of the sections differing based on the particular exam. For example, in the SSC JE exam, there will be a section with engineering questions as this exam is conducted to recruit candidates for the Junior Engineer post. Similarly, for the JHT (Junior Hindi Translator) post, there will be questions to test the candidate's proficiency in Hindi. Apart from these, most SSC exams have the following syllabus:

Quantitative Aptitude: Data Interpretation, Simplification/ Approximation, Number Series, Quadratic Equations, Quantity based problems, Ratio & Proportion, Percentage & Averages, Profit & Loss, Mixtures & Allegations, Pipes and Cisterns, Boats and Streams, Simple Interest & Compound Interest, Time, Work and Wages, Time & Distance, Permutation, Combination & Probability

Logical Reasoning: Seating Arrangement (Circular, Linear, Square), Puzzles, Syllogism, Input-Output, Coding-Decoding, Blood Relations, Alphanumeric Series/Number Series/Alphabet Series, Order and Ranking, Direction based questions, Data sufficiency, Inequalities

English: Reading Comprehension, Cloze test, Fill in the blanks, Error Spotting/New Pattern Error Spotting, Sentence Correction/Sentence Improvement, Para Jumbles, Para Summary, Odd One Out, Para Completion

General Studies: Questions in this section may be asked from numerous topics including Biology, Chemistry, Polity, Economy, etc.

The Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation) provides free online aptitude tests that you can take to ace the Quantitative Aptitude and Logical Reasoning sections of the exam.

Now that you have an idea of the syllabus for the exam, you can create a detailed study plan. Here are a few tips for the same:

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  1. Identify your weak areas and plan to work on those during that period of the day where you feel you can be most productive. For some people, it is the morning hours, and for some, it is the night time. Spend these productive hours practicing aptitude questions or maybe doing some English comprehension questions, if English is the toughest for you.
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  1. Make sure you spend at least 2 hours every day studying for all the 4 sections.
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  1. For each subject, aim to get the basic concepts cleared first. For example, in the first 3 months of preparation, aim to cover the following portions under each subject:

    Quantitative Aptitude: Basic Algebra (linear equations, polynomials, quadratic equations), number series, percentage, average, ratio & proportion, Simple & Compound interest, basic geometry

    Reasoning & Intelligence: Figure based questions, letter, and number based questions, blood relation, direction & distance, seating arrangement

    English Language: Basic grammar, vocabulary, synonyms & antonyms, sentence completion. Also, aim to keep increasing your reading speed.

    Once the foundation for every subject is made strong, then you can easily build on it.

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  1. In the next 3 months, aim to work on the rest of the topics and complete the entire syllabus in 6 months. This is easily possible as you will be devoting at least 6-7 hours daily. Only if you finish the entire syllabus in 6 months, you will get ample time to practice mock tests and online mock examsin the remaining months.
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  1. In the last 2-3 months of preparation, you need to devote a lot of time practicing previous years' question papers. This is extremely important as you will get clarity on the specific portions that you need to emphasize in case you are falling behind on any.
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  1. In addition to solving online practices questions and mock exams every day, make sure you learn the various shortcut methods, tips, and tricks to easily solve Maths and other questions. This will give you an edge over the other candidates. Make notes of all important equations, formulae, etc. and study them by-heart.
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  1. Make sure you are accessing the right online study material while preparing for these important exams. You will find a lot of material online, but not everything might be dependable. So, ensure that you are not wasting time on material that does not have the potential to bring out the best in you.

    The key to cracking a competitive exam without taking help from a coaching centre is to manage time and follow a strict daily routine. If you can manage your time well, then with the help of the Glow & Lovely Careers, you can easily crack any SSC exam and come out with flying colours.

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Using Online Tests and English Courses Helped Garima Gupta Boost Her Confidence for Banking Exams

What happens when an ambitious young woman is matched with an equally ambitious and empowering platform? You get a woman who can fully realize her potential. Garima Gupta is an excellent example of this very combination. Garima is a B.Com student from Mandi Dabwali, Haryana, and her story is one that might be relatable and motivating to a lot of young women from smaller towns of the country.

When you ask what is the biggest problem for women from smaller towns when it comes to figuring out career opportunities and choices, a lot of them would agree with what Garima has to say. "Lack of resources and guidance have been the biggest challenges I have had to deal with, along with some transportation issues." A lot of women do not even entertain the idea of working because of transportation issues. It is a very real and common problem. But with the age of the internet firmly upon us, we do have a few resources that can remedy such situations.

Garima may be young but she is resourceful, aware, and ambitious. She did not want any hurdle to come between her and her ambitions. "That is why I was looking for an online portal that would help me through my Bank PO exam preparation while avoiding the need to travel." Garima did her research and came across Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation). Here she was able to access free online mock tests that would help her in her exam preparations. Says Garima, "Through the mock tests available on Glow and Lovely Careers (formerly known as Fair and Lovely Career Foundation), I could solve diverse questions and with the help of the online English courses, I am now confident about my interview preparation." Garima was looking to improve and polish her English for bank exams as she saw this as an important part of her preparation.

Once she found the platform that would help her with online tests for banking, there was no looking back. Garima has put in a lot of hard work and preparation, utilizing the free online tests for bank exams to prepare thoroughly and give herself the best possible chance for success. "Online portal helped me through my pre and post-exam preparation."

If you too want to create opportunities for yourself but feel limited because the place you live in does not allow for easy travel, you should consider utilizing online platforms like Glow and Careers to maximize your potential. Such a platform helps you prepare for the exams that will allow you to pursue a career that is suitable for you. Free online courses such as English for bank exams can help you not only prepare for exams but also boost your confidence in yourself and your ability. You can use your preparation in English to further help you in mock tests in the bank exam series which is also available on Glow and Lovely Careers. If you want to read about more inspirational stories like Garima's, head to the Glow and Lovely Careers website for more motivation.