Commercial banking careers range from credit analysts to branch managers, with opportunities to use business, marketing, critical thinking, and communication skills. Branch managers oversee operations, while personal bankers, financial advisors, customer service, and teller positions deal directly with the public. Credit analysts process credit applications, while loan officers secure loans for businesses and consumers. Mortgage bankers complete follow-up work, and trust officers deal with investments.
Careers in commercial banks range from credit analyst to branch manager. Jobs and careers available in commercial banking deal directly with lending, credit, customer service and investing. There are many opportunities to use business, marketing, critical thinking and communication skills in a commercial banking career.
A branch manager is one of the types of commercial banking careers. Managers oversee one of the bank’s branches or locations. They usually start in a lower level position such as a cashier. Branch managers are responsible for managing operations, including supervising employees, acquiring new accounts, building customer relationships, obtaining loans and deposits. It is possible to move beyond a single branch as some branch managers become district managers who oversee multiple locations or market areas.
Personal bankers, financial advisors, customer service and teller positions are usually available at branches. These are lower-level or entry-level positions that deal directly with the public, which require customer service and listening skills. As these positions handle day-to-day banking transactions, including deposits and withdrawals, a basic aptitude with numbers and accounting is also essential. Job duties may also involve cross-selling and additional product recommendations.
Credit analysts are another option in commercial banking careers. These positions are primarily entry-level and involve processing credit applications. Analysts also help determine the creditworthiness of companies and individuals applying for funds. They can interact with a variety of internal and external bank employees in order to drive potential transactions through the bank’s pipeline.
A third option in commercial banking careers is the loan officer. Individuals in these positions help secure loans for businesses and consumers. This is primarily a sales position, but one that has future management potential.
Mortgage bankers are another of the commercial bank careers. These positions are closely related to loan officer jobs. Rather than being responsible for selling the loan, however, mortgage bankers complete much of the follow-up work by working directly with lenders, consumers, and businesses trying to secure a loan. Mortgage bankers can gather and verify additional application information, request real estate appraisals, and work closely with underwriters to approve requested loans.
Trust officers deal primarily with investments. These securities can include individual retirement plans, certificates of deposit, estates and wills. Large companies can work with trusted agents when dealing with pension funds or 401(k) plans. Executives can be involved in recommending banking products to current and potential investors.
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