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What are the Job Titles and Salary Packages in the Banking Sector?

September 10, 2024

job titles and salary packages in banking

Banking is one of the most sought-after careers today. There are different types of jobs in the Banking sector that require different financial skills.

This creates a demand in the industry and candidates can potentially earn high salaries in the banking sector.

Take a look at a few banking job titles with average salaries!

1) Investment Bankers

Investment Bankers are professionals who provide financial services to institutional clients.

These services can include capital raising and mergers and acquisitions. They are also responsible for managing the assets and investment portfolios of various organizations.

Investment Banking is one of the highest-paying jobs in Banking.

Average Salary Package of Investment Bankers: Rs. 10 lakhs per year

2) Financial Risk Managers

They are financial risk professionals. They identify financial threats that can impact an organization’s earnings and success.

Accordingly, they suggest strategies for protection from the risk. Financial Risk Managers can also hold related positions such as Credit risk analysts and Market risk analysts.

Average Salary Package of Financial Risk Manager: Rs. 9 lakhs per year.

3) Equity Analysts

Equity Analysts are responsible for predicting a company’s financial future by tracking its finances.

They analyze the financial data and public records of the company which helps to know the value of the company’s stocks.

Average Salary Package of Equity Analysts: Rs. 8 lakhs per year

4) Credit Analysts

They are financial professionals that analyze the creditworthiness of individuals and companies.

Therefore, when they receive a loan application, they evaluate the applicant’s financial history and check if he/she is capable of repaying the loan. In this way, they predict the client’s future borrowing behavior.

Average Salary Package of Credit Analysts: 10 lakhs per year

5) Insurance Advisors

They are professionals who guide individuals regarding suitable insurance schemes.

Offering financial guidance, conducting financial analysis, and analyzing clients’ risk from investments are some important responsibilities of Insurance advisors.

Average Salary Package of Insurance Advisors: Rs. 3 lakhs per year

These are some of the highest-paid job positions in the banking sector. However, candidates must equip themselves with sufficient knowledge to acquire these roles in banks or other finance companies.

A proper banking certification from an accredited college will help them get the necessary knowledge of the banking sector.

Thadomal Shahani Centre for Management (TSCFM) offers various Short-Term Banking Courses for students. These courses promise efficient training to make candidates eligible for job roles in the banking sector.

Moreover, TSCFM also offers 100% Banking Placement Assistance to students so that they are successfully able to build their careers in the finance industry.

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