What Can People Who Choose Banking As a Career Initially Expect?


Quick Answer

While individuals entering a career in banking take several different career paths, the first month on the job includes on-the-job training. Tellers learn to verify signatures and balance cash drawers. They learn to use the bank's computer system and services their new employer offers, according to the Bureau of Labor Statistics.

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What Can People Who Choose Banking As a Career Initially Expect?
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Full Answer

Many banks hire tellers who have a high school diploma. Some require a background check before the teller is hired. The median 2012 wage is $11.99 per hour, but one in three tellers works part time, according to the BLS. They cash checks, deposit money and collect payments, with the responsibility of accurately processing their transactions.

The on-the-job training for loan officers includes formal and informal training over the first few months at work. The BLS indicates loan officers are sometimes required to take classes to learn their bank's software programs. Most loan officers begin their careers after earning at least a bachelor's degree. Mortgage loan officer requirements include licensure by the state. The median 2012 annual salary of a loan officer is $59,820.

Either career track has the potential for advancement, according to the BLS. Tellers have the opportunity to work their way up to a head teller or a loan officer. Loan officers with several years of experience have the potential to advance to financial managers.

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