Career Paths In The Banking Industry

As the Indian economy is on its path to re-stabilization, the need for a strong banking sector becomes an integral part of the recovery. The banking sector is always brimming with opportunities and has various profiles under which individuals can start their careers. 

Insurance Representatives

An insurance representative informs their clients of the varied insurances that are offered by a particular bank. In addition to selling insurance policies, they are also responsible for building their clientele. This can be a very lucrative career path as the income is commission-based. Therefore, making it all the more important to have a large customer base that is committed to the insurance policies offered by the representative.

Investment Officers

An investment officer provides advice to clients who are looking at investing money and diversifying their funds. As a part of this umbrella topic, they also manage portfolios, build client relationships, and handle financial transactions of the client. While this can be a job profile under a bank, after building a good network, people looking at opening their own business can start their private registered investment advisory office. Wherein clients specifically come in for advice on their finances. 

Auditors

Auditors are responsible for keeping track of a company’s financial records. They keep track of taxes and payments and if the company’s financial operations are in sync. Auditors play a pivotal role in the success and mechanism of a company as they determine what the financial status of the company is like in a certain period of time. This then goes on to influence business decisions made by executives of the company. 

It is apparent from all the above-mentioned career and business opportunities that the banking industry is a lucrative field to venture into. With the right education and skills, it is fairly smoother to find your niche in this sector.