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Best Paying Jobs In Major Banks

The banking industry is one of the most important and influential sectors of the global economy. Banks provide vital services that help to facilitate financial transactions and ensure the stability of the financial system. 

The industry offers a wide variety of opportunities for those looking to start a career or advance in their current one. In addition to attractive salaries and benefits, the banking industry offers employees the chance to work in a diverse and dynamic environment, with the potential for rapid advancement. In this guide, our industry experts will share the career paths available to you!

What Is Considered A Major Bank?

A major bank is one that is well-capitalized, offers a wide range of financial services, manages borrowing and lending activities, and has the capacity to generate large amounts of capital. They are typically distinguished by substantial operational resources and a global reach.

Major banks also provide a wide range of financial services to their customers, including loans, deposit accounts, investments, and trust accounts. They must also file regular financial information with regulators, which include investments, liabilities, statement of income, balance sheet data, and other metrics.


What Skills And Requirements Are Needed To Be in The Major Banking Industry?

Yes, the major baking industry is a door for numerous opportunities, however, you must keep in mind that this specific industry is highly competitive as well. 

Whereas, you need to possess the right skills and standard requirements to be able to be qualified in the field. To give you more idea, here are the set of skills and requirements you’ll need:


Computer Technical skills


Financial services
paying bank jobs

What Are The Top Paying Jobs in The Major Banking Industry?

The banking industry is an ever-evolving and highly competitive profession. With the growth of technology, the banking industry is constantly developing new ways to make the customer experience better. With this in mind, there have been plenty of jobs created in the banking industry that offer competitive salaries. 

Below is a list of the best paying jobs in the banking industry. This list will provide you with insight into which positions can lead to the highest salaries and potential career paths. From banking executives to financial advisors, these jobs provide the highest salaries and the most potential for career growth. With the right qualifications, banking professionals can look forward to a successful and lucrative career in the banking industry.

financial bank

1. Financial Manager - $131,710/ average annual salary

A Financial Manager in the banking industry is responsible for a variety of tasks, from analyzing financial data to making investment decisions. They are responsible for understanding and interpreting financial information and managing the bank’s financial affairs in order to protect and grow the institution’s assets. 

Financial Managers must be able to analyze financial statements and make informed decisions in order to maximize the bank’s profitability. They must be able to identify areas of risk, develop strategies to manage the risk, and monitor the bank’s financial performance. They must also be able to provide sound advice to other departments within the bank, as well as to external clients. 

Lastly, being in this position in the banking industry must also ensure that all regulations and laws are followed. They must also have a deep understanding of the banking industry and the financial markets, in order to make the best decisions for the bank.

2. Loan Officer - $63,380/ average annual salary

A loan officer is a key player in the banking industry, responsible for managing loan applications. They are the first point of contact for customers interested in taking out a loan and work with customers throughout the loan application process. Loan officers assess loan applications, assess creditworthiness, and advise customers on the financial options available to them. 

They analyze financial data, review credit reports, and negotiate loan terms with customers. They must also stay up-to-date on industry regulations and trends. Loan officers must have excellent customer service and communication skills, as well as a deep understanding of financial and legal matters to ensure customer satisfaction.

3. Investment Banker - $134,180/ average annual salary

Investment officer in charge

They are responsible for providing financial advice and helping companies and governments raise capital in the capital markets. Investment bankers typically help clients with mergers and acquisitions, initial public offerings, debt and equity offerings, financial restructurings, and other corporate finance activities. They also provide advice on strategic and financial matters, while helping to identify potential investors and buyers. 

Investment bankers also assist clients in understanding and assessing the risks associated with investments and transactions. They are knowledgeable in financial markets, securities and financial analysis, and are able to assess and recommend the most appropriate financial strategy for a particular situation. Investment bankers play an important role in helping financial institutions and companies identify and maximize their financial opportunities.

4. Financial Analyst - $95,570/ average annual salary

They are tasked with providing financial guidance and advice to individuals and businesses based on their financial situation. They are responsible for analyzing financial data, developing financial models, and providing insights on a company’s financial health and performance. They are also responsible for preparing reports and making recommendations for the bank’s financial products and services. 

Financial Analysts typically have a background in economics, finance, accounting, or business administration. They use their skills to assess and analyze different financial strategies to help the bank maximize profits and reduce costs. Financial Analysts in the banking industry must also have knowledge of financial regulations and laws that apply to the banking industry. They must have excellent communication and problem-solving skills in order to effectively communicate their findings to the bank’s management.

5. Credit Analyst - $88,030/ average annual salary

They assess the borrower’s financial history and current credit profile to determine how likely they are to repay a loan. They also review the borrower’s financial statements, credit reports, and other documents to evaluate their ability to repay the loan, and their risk of default. Credit Analysts may also be responsible for making recommendations about the terms of a loan, such as the interest rate and repayment schedule. 

They often work closely with loan officers to provide feedback and advice on individual loan applications. Credit Analysts must be able to think analytically and have a strong attention to detail. They must also be familiar with the banking industry, financial regulations, and economic trends to make informed decisions.

Credit analyst

6. Financial Examiner - $81,410/ average annual salary

They are responsible for ensuring that financial institutions comply with all applicable laws and regulations. They examine financial records, such as balance sheets, profit and loss statements, and cash flow statements. They also review financial procedures and policies to make sure they are consistent with federal and state laws. 

They might also investigate suspicious activities that could lead to fraud or other criminal activity. Financial examiners must be familiar with banking laws and regulations, as well as accounting and auditing principles. They must also be able to communicate their findings effectively to stakeholders. Financial examiners play an important role in ensuring the integrity of the banking industry.

7. Auditor - $77,250/ average annual salary

They review the accuracy and completeness of the financial statements and ensure that proper accounting principles and procedures are followed. They also ensure that internal controls are in place to prevent fraud and other illegal activities. They review the bank’s compliance with applicable laws and regulations. 

They also conduct audits of the bank’s loan and investment portfolios to ensure that the bank is not taking on too much risk. Bank auditors assess the effectiveness of the bank’s risk management strategies and make recommendations to improve the bank’s performance. Finally, they provide independent assurance to stakeholders that the bank is operating in accordance with its stated objectives.

8. Teller - $36,310/ average annual salary

Tellers are the ones who provide excellent customer service, accurately processing transactions, and managing cash and checks. They must also ensure that all transactions are completed in a timely manner. Teller duties include handling cash deposits, withdrawals, transfers, loan payments, and other financial transactions. They must also be knowledgeable about banking products and services, as well as bank policies and procedures. 

Teller positions often require excellent communication skills, as they must be able to answer customer inquiries and keep them informed of current account information. Additionally, tellers must maintain a high level of accuracy when completing transactions and must adhere to all security protocols. They must also be able to recognize and report any suspicious activity. Overall, the role of a teller is an essential part of the banking industry.

Bank teller

9. Branch Manager - $59,453/ average annual salary

Oversees the day-to-day operations of the branch. This includes managing staff, monitoring the bank’s compliance with all applicable laws and regulations, and ensuring customer service is up to the highest standards. Additionally, Branch Managers must be knowledgeable in all products and services offered by the bank and be able to provide customers with appropriate advice. 

They must also be able to identify areas in which the bank can improve services or increase revenue and implement strategies to meet those goals. Branch Managers must have excellent communication skills, be organized and detail oriented, and have the ability to motivate staff to reach set goals. By providing efficient and effective customer service and meeting the bank’s goals, Branch Managers help to ensure the success of the banking institution.


How Do You Start A Career in Banking?

A position in financial services can start with an entry-level position or, if you have the necessary educational background or prior banking experience, with a high-level corporate role. It all varies depending on your background and the category of role you wish to pursue.

Is a job in a major bank a good career path?

Yes, a job in a major bank can be a good career path. Working in a major bank gives you the opportunity to be part of a well-respected organization, gain experience and knowledge in financial services, learn from industry experts, and potentially move up the corporate ladder. Additionally, major banks often offer competitive salaries and benefits, making them attractive employers.


Starting a career in the banking industry can be a rewarding and challenging experience. The banking industry offers a broad array of career paths. 

To excel in the banking industry, you need to have a strong understanding of the financial markets and the banking system, analytical and problem-solving skills, and excellent communication and people skills. It is also important to be able to work well under pressure and to be adaptable to changing market conditions. 

Charles McMillan
Charles McMillan
Charles is a family man, an entrepreneur, and a writer. He is skilled in finding the balance between efficiency, affordability, and high-quality offerings when it comes to business services. He’s on a continuing mission to discover and rediscover the most popular LLC services, while sharing his most accurate assessment and review to help business owners like himself.