Have you been looking for a new banking sales job or career that will help you increase your earnings? If so, you may want to consider a career in the banking industry. Banking sales jobs are some of the highest-paying jobs in the United States. According to the latest data from Salary.com, the average banking sales professional earned a salary between $55,039 and $79,527. However, top earners in banking easily make more than six figures a year.
If you are looking for a high-paying banking job, you have come to the right place. In this blog post, we will discuss some of the top-paying banking and banking sales jobs. We will also provide information on how to qualify for these jobs and what the job duties entail. So, if you are interested in pursuing a career in banking or banking sales, keep reading!
Is Banking A Popular Industry?
Banking is a popular industry for many reasons. First, it is a stable industry. The banking sector has remained strong throughout the years, even during times of economic downturn. This is because people will always need banking services to manage their finances. Second, banking is a service-oriented industry.
Banks are always looking for talented and customer-service-oriented professionals to join their teams. Finally, the banking industry offers a wide range of career opportunities. Whether you are interested in working in customer service, finance, or sales, there is a banking job for you.
What Are The Top Paying Banking Sales Jobs?
Now that we have discussed some of the reasons why banking is a popular industry, let’s take a look at some of the top-paying banking sales jobs.
Loan Officer
A loan officer is a banking professional who is responsible for approving or denying loan applications. Loan officers typically work at banks, credit unions, and other financial institutions. Their day-to duties include reviewing loan applications, conducting credit checks, and meeting with borrowers.
To qualify for a job as a loan officer, you will need at least a bachelor’s degree in finance, banking, or a related field. However, many employers prefer to hire candidates with several years of experience working in the banking industry.
The average salary for a loan officer is $94,912. However, top earners in this field easily make over $100,000 a year. To find a job within banking as a loan officer, you’ll likely need to have connections or work with a recruiter to find banking loan officer jobs.
Securities and Commodities Sales Agent
A securities and commodities sales agent is a financial professional who buys and sells securities on behalf of their clients. In order to give the best advice to their clients, they’ll need to understand company finances, analyze individual securities and stay on top of financial market news and updates.
Securities and commodities sales agents typically work at banks, investment firms, and other financial institutions. Their day-to-day duties include meeting with clients, executing trades, and keeping up with market trends. This is one of the best banking sales jobs if you are looking for a high-paying job within banking.
To qualify for this job, you’ll likely need to have some experience working in the banking industry. In addition, you will need to obtain your Series license. The average salary for a securities and commodities sales agent is around $80,000 per year. However, top earners in this field easily make over $200,000 a year.
Financial Examiner
A financial examiner is a banking professional who is responsible for ensuring that banks and other financial institutions are in compliance with banking regulations. Financial examiners typically work at the federal or state level. Their day-to-day duties include conducting audits, reviewing financial statements, and investigating suspected violations of banking laws.
To qualify for this job, you will need at least a bachelor’s degree in accounting, finance, or a related field. You’ll need to have experience working with financial documents like loans, income statements, or balance sheets. You’ll likely need to take exams as well to become a Certified Financial Examiner.
The average salary for a financial examiner is around $81,000. However, top earners in this field easily make over $100,000 a year.
Mortgage Sales Professional
A mortgage sales professional is a banking professional who helps borrowers obtain loans to purchase real estate. This typically includes comparing multiple resources to make sure you provide your clients with the best rates according to their circumstances so that you can ensure a successful house sale and commission.
Mortgage sales professionals typically work at banks, credit unions, and other financial institutions. Their day-to-day duties include meeting with borrowers, collecting financial documents, and working with various mortgage companies, depending on the specific firm you work for.
Unlike other banking professions, you won’t need extensive experience or a college degree to qualify for this job. However, you will need to be licensed by the NMLS (Nationwide Mortgage Licensing System). The average salary for a mortgage sales professional is $115,000 per year.
Investment Banker
Investment bankers are banking professionals who help their clients raise capital by issuing and selling securities. They typically work at banks, investment firms, and other financial institutions. Their day-to-day duties include meeting with clients, pitching investment opportunities, and negotiating deals. They’ll need to have a strong understanding of the financial markets and be able to identify market trends.
Investment bankers are typically required to have a bachelor’s degree in business, economics, or a related field. However, some employers may prefer candidates who have an MBA. In addition, you will need to have strong sales skills and experience working with financial documents.
Investment bankers make an average of $82,000 a year. However, top earners can make anywhere from $200,000 plus a year! This is typically not an entry-level position, so if you’re looking to break into investment banking, you may want to consider working as an analyst first.
How Can I Get A Banking Sales Job?
If you’re interested in pursuing a banking sales job, then you’ll want to set yourself up for success by following the steps below.
Pursue An Education
Although you don’t need a college degree to qualify for some banking sales jobs, pursuing an education will give you the knowledge and skills you need to be successful in this field. Consider getting a degree in business, finance, or accounting.
If you’re interested in becoming a securities and commodities sales agent, then you should consider pursuing a Series license or whatever other necessary certifications to break into your field. It’s best to research what your specific job would require from you before choosing what education path is right for you.
Work On Your Sales Skills
Working on your sales skills is essential if you want to be successful in banking sales. Consider taking a few sales classes or joining a Toastmasters club to help improve your communication and public speaking skills. If you can, try to get some experience working in sales before applying for banking jobs.
Some of the most necessary skills needed for a banking sales job include the ability to:
- Build relationships with clients
- Understand and explain financial products
- Close a deal
- Work well under pressure
Choose A Speciality Within Banking Sales
Within banking sales, there are many different areas you can specialize in. Some examples include working as a mortgage loan officer, an investment banker, mortgage sales professional, or a commercial banker. Do some research to see what area of banking sales interests you the most, and then focus on pursuing that type of job.
Apply For An Internship
If you’re still in school or just starting out, then one of the best things you can do is to apply for an internship at a bank. This will give you some experience working in the banking industry and might even lead to a full-time job offer. You can also look for entry-level banking jobs that don’t require experience.
Practice For Interviews
Finally, once you’ve chosen the banking sales job you want to pursue and have started applying, the next step is to start preparing for interviews. Make sure you know common banking interview questions and practice your answers. The better prepared you are, the more likely you are to get the job. For example, some common banking interview questions include:
- What do you know about our bank?
- Why are you interested in working in banking sales?
- What qualities would you bring to this role?
- How would you deal with a difficult customer?
Make sure to have questions of your own ready to ask the interviewer as well, such as:
- Can you tell me more about the day-to-day responsibilities of this job?
- What are the development opportunities for someone in this role?
- What are the biggest challenges someone in this role might face?
Network With Other Professionals
A great way to get your foot in the door of banking sales is to network with other professionals. Attend industry events, join relevant LinkedIn groups, or even reach out to banking sales professionals you admire and see if they’re willing to chat with you about their career journey.
While this doesn’t guarantee a job, it will give you a better understanding of what banking sales entails and help you make connections in the industry.
Use A Recruiter
If you don’t want to apply to endless jobs with no results, you’ll want to use a recruiter. Recruiters can help connect you with banking sales jobs that are a good match for your skills and experience. They can also help prepare you for interviews and give you guidance on how to negotiate your salary. Plus, they don’t charge you anything – the company pays them a commission.
Is A Career In Banking Worth It?
A career in banking sales can be very rewarding. If you’re interested in pursuing a career in banking sales, consider the tips above to help you get started. With hard work and dedication, you can achieve your goals and attain a successful career in banking sales.
If you’re not interested in banking sales, that’s okay! There are plenty of other career options out there. To figure out what you want to do, consider taking a career quiz or meeting with a career counselor.
Conclusion
When it comes to banking sales jobs, there are a variety of positions that offer high salaries. If you’re interested in pursuing a banking sales job, then you should consider pursuing an education, working on your sales skills, and networking with other professionals. You can also use a recruiter to help you find banking sales jobs.
If you’re looking to hire new sales candidates or looking for the next sales job of your dreams, let Sales Recruiters Chicago help you. We are experts in the sales industry and will help you land your dream job or help you hire top talent for your organization.
Comments are closed.