Types of Bankers: Eligibility, Types, Salary 2023

Types of Bankers

A banker can work in a variety of roles. Job roles can be chosen based on one's abilities and interests. The following are a few of the most common banking job positions:

Investment Banker

• They assist their clients in raising funds through the capital markets and give financial advice.
• They can help in mergers and acquisitions.
• They are also in charge of providing help in the event of a security breach and doing insurance.
• The salary of an Investment Banker ranges between INR 5 – 8 LPA

Foreign Exchange Trader

• A foreign exchange trader examines many variables that impact local economies and exchange rates, then buys and sells currencies in various foreign exchange markets to profit from any misvaluations.
• The salary of a Foreign Exchange Trader ranges from INR 4.8 – 27.5 LPA

Asset Manager

• A client's assets are managed by an Asset Manager.
• He's in charge of examining the assets and investments. In addition, the asset manager determines the level of risk and gain associated with such assets.
• Main responsibilities include managing multiple client accounts and maintaining effective communication with stakeholders, communicating with clients for any necessary account changes, making necessary changes to the client's portfolio, creating impact analysis reports, and scheduling meetings with stakeholders to review their accounts.
• The salary of an Asset Manager in India ranges from INR 7.81 – 9 LPA

Equity Analyst

• An equity analyst's job is to study and analyze financial data and public records from a variety of firms to determine the stock value and forecast the company's future financial picture.
• The salary of an Equity Analyst ranges from INR 7.61 – 10 LPA

Bank Manager

• The Bank Manager is in charge of leading a team of product specialists, tellers, and other back-office staff to deliver excellent customer service.
• He's also in charge of supervising and organizing the operations of financial organizations like credit unions and banks.
• The Bank Manager's major responsibility is to supervise the work of banking employees and to improve the performance of his bank's branch.
• A bank manager is also in charge of recruiting new product specialists and tellers, as well as providing them with training.
• The salary of a Bank Manager ranges from INR 5 – 13 LPA

Relationship Manager

• Relationship managers are in charge of establishing and sustaining connections with an organization's clients.
• Relationship managers are critical to an organization's development and success since they not only bring in new clients but also guarantee that existing clients are satisfied.
• To resolve client concerns, relationship managers communicate with many divisions inside the company.
• The salary of a Relationship Manager ranges from INR 5 – 13 LPA

Internal Auditor

• Internal auditors at a bank examine the effectiveness of the bank's internal control framework on their own.
• They analyze risks and how the bank manages them by auditing all internal processes, controls, and systems.
• They not only implement value-added solutions to reduce risks, but they also gather and examine all corporate documents to ensure that everything is by industry requirements.
• The salary of an Internal Auditor ranges from INR 6.35 – 8.76 LPA

Budget Analyst

• The main responsibility of a Budget analyst is to assist organizations in staying on track with their budgets and finances and maintaining a balanced budget.
• They also assist in the organization of the company's finances by preparing regular financial reports, consulting with executives on financing requirements, and evaluating budget decisions for special projects or one-time expenses.
• The salary of a Budget Analyst ranges from INR 6.5 – 13 LPA

Credit Analyst

• Credit analysts are meant to use credit scores to assess the financial situation of loan applicants.
• They examine the financial information provided by individuals and businesses seeking loans, as well as their prospective financial circumstances, to assess if they will be able to repay the loan on time.
• The salary of a Credit Analyst ranges from INR 7.61 – 14.82 LPA

Loan Officer

• Loan officers work in the same way that salesmen do, persuading consumers to apply for loans.
• This is a difficult job since many of the people they could contact don't need a loan, and others may lack the creditworthiness to be granted one.
• As a result, to acquire the greatest leads and convert them, a loan officer must be in the right location at the right time.
• The salary of a Loan Officer ranges from INR 3 – 8.71 LPA