There are many advantages to these careers. A position in banking is a good fit for a person who enjoys working with both numbers and the public. Working directly with the public can be both stimulating and exciting — but it takes a special person with a patient temperament. Working with the public can be difficult at times, but it can also be very rewarding. If you like numbers and accounting, but maybe don’t especially like working with the public, you might enjoy being an actuary. If you like working with people and counting money but don’t like a lot of responsibility and don’t like research, you might enjoy being a bank teller or a mortgage broker.
Most retail banks, with a few exceptions, offer daily shift times and allow most employees to enjoy free time on weekends, evenings, and holidays. Usually, credit unions and banks are rarely open on holidays, but some call centers and retail banks, particularly those located inside a grocery store or department store, are frequently open on weekends and some evenings. The advantage for professionals who choose banking is that they can frequently choose to go to work for a bank with a schedule that will fit the needs of their personal life.
Most banks have excellent benefit packages, offering medical, dental, and life insurance benefits as well as retirement plan options and personal or sick leave days and vacation benefits. Offices are always clean and pleasant, heated or air conditioned, since personal comfort, both for the employee as well as for the customer, is of utmost importance. Banks are required to be regularly examined and audited, and must follow many regulations and procedural rules and fair trade practices, making a bank or a regulatory agency a highly supervised and safe environment for all employees.
Banking institutions offer many opportunities for advancement, and many banks will even pay for or reimburse the talented employee for continuing education courses, as well as courses toward a college degrees, with some requirements. Banks and banking regulatory agencies offer many opportunities for advancement for ambitious professionals. A skilled and knowledgeable banking professional will be in demand for promotions both within his or her own bank (depending on the bank’s size), as well as in other competing banks with similar departments. Banking is an industry that is not projected to go away in the near or far future–far from it. With the growing economy in many developing countries as well as our own, and with the continuous growth in population, there will continue to be a growing need for banks to hold and loan money, to make monetary transactions, and to keep hiring people.