If you’re looking for a new career, you may want to consider a job in banking. There’s a wide range of bank jobs, each with unique responsibilities, qualifications, and hours. Plus, with plenty of variety within the industry, a career in banking gives you flexibility in terms of where and how you work.If you have an interest in finance and are detail-oriented, banking may be a good career path for you. Learn more about the pros and cons of banking jobs, plus six of the best jobs in banking and what they entail.Read more: How much of your paycheck should you save?A banking job has a lot to offer, but there may be downsides too. If you’re thinking about a career in banking, weigh the following pros and cons. Wide range of opportunities: There are many different jobs within the banking industry, from accountants and tellers to software developers and investment sales agents. Some roles involve working directly with customers, while others work internally. With the variety of occupations and job types, there are roles for individuals of all education levels and interests. Competitive pay: Careers in banking can be lucrative. In May 2023 (the most recent data available), the median annual wage for those working in business and financial operations — positions that overlap significantly with banking — was $79,050, according to the Bureau of Labor Statistics. This is more than $30,000 higher than the overall median wage of $48,060. Industry growth: This industry is also expected to grow faster than average during the next decade, providing roughly 963,500 job openings each year. Job stability: Banking jobs can provide stability and job security. While job security may vary across the industry, the skills involved in banking careers are typically in high demand. High pressure: The pressure of managing customers’ financial matters can be stressful. Many banking jobs require a high level of attention to detail due to the importance of handling financial transactions with accuracy. Long hours: Depending on the job, careers in banking can involve long hours. For example, investment bankers have a reputation for working 60- to 80-hour weeks. Of course, not all banking jobs have such grueling schedules. Competition: High pressure and long hours are linked to a certain degree of competition around some banking jobs. This may lead to a negative or even toxic culture within certain institutions or banking roles. May need certifications and advanced degrees: While some banking jobs are entry-level, some senior positions and higher-paying roles require additional education. This can involve taking exams to get the necessary certifications or going back to school for an advanced degree. There are a wide variety of banking jobs, with varying salaries, responsibilities, education requirements, and hours. If you’re interested in a career in banking, learn about some of the best banking jobs below.Note that salary data is based on 2023 figures pro
