What's the job description for a banker?

I'm curious about what bankers actually do day-to-day. I'm considering a career in finance after high school, so I want to know more about the role, responsibilities, and skills needed to be successful as a banker.

As a professional exploring the world of finance, it's critical to understand that "banker" is a general term that encompasses a wide range of roles within the banking industry. For example, tellers, loan officers, financial managers, investment bankers, and private bankers all fall under the larger umbrella of "bankers," but each position carries distinct responsibilities.

However, in a general sense, the role of a banker revolves around assisting individual clients and businesses with their financial needs. Here, let me break down a generic banker’s job description:

1. Customer Engagement: Interaction with customers is a significant part of most bank roles. This could include helping customers open new accounts, assist in resolving account issues, advising on financial products and services.

2. Financial Service Product Sales: Bankers often suggest appropriate financial services to customers. For example, recommending a specific type of savings account, or a suitable credit card product. They may also explain the terms and conditions related to loan products and business investments.

3. Loan Processing: Working with loan applications is another substantial area of responsibility. This role requires an understanding of the clients’ financial background. Bankers would analyze and advise on loan applications, and perform related tasks like collecting documentation and conducting credit checks.

4. Financial Management: In roles such as banking consultant or financial manager, bankers guide clients on wealth management, investments, and financial risk assessments.

Regarding skills, successful bankers often exhibit strong customer service skills, as customer interaction is a crucial aspect of the job. Additionally, having a solid understanding of financial laws and regulations is beneficial. Problem-solving skills and attention to detail are highly valued, as bankers often need to resolve complicated financial issues and work with complex financial data.

Lastly, like many roles in finance, a background in business, economics, or finance can be beneficial, but the industry often values real-world experience just as highly. Starting in entry-level roles such as bank teller can be a great way to gain that first-hand experience and get your foot in the door of this competitive industry.

Remember, this description is an overview and specific duties will depend on the type of banking and the role within the bank you choose to pursue. Before committing, it might be a good idea to look for internships in banking, so you can get a first-hand taste of the daily life and responsibilities associated with various roles.