This semester I will be taking Commercial Bank Management as my finance elective. I think it will be very intersting and fun, since lending money and making interest off of good creditors is not that dreadful of an activity. It will certainly be more fun than financial planning, for sure. Each city has so many banks. Each bank has to have employees. I am considering a career in banking.
However, one of the major turnoffs for me is that I checked a statistic about banking jobs of people who are college graduates. The average salary for a person with a bachelor's degree that starts out in a banking industry is only $31,000 per year. This is relatively low comparing to what other fields pay for a bachelor's in Business Administration. An average salary for a recent graduate with a Business Administration degree from UMSL is 40k. Why would I settle for 9 thousand less than what I'm worth? Not that I'm a gold digger or anything, but truly the number one reason why people get college degrees is to earn more money with it.
Maybe banking doesn't pay well initially because it's a simpler job than other finance fields. I am not sure. Maybe it pays less because it's considered a more desirable profession, that the market doesn't want to oversaturate. Maybe banking can be my backup plan just in case I fail in all other aspects of finance. This almost sounds bad. Lets just see what happens.
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I think banking is too wide of a category really. Is a bank teller in banking profession or in Customer Service? What types of jobs are available in let's say an average branch? What about regional headquaters?
Крах Недвижимости
You are correct Andrei, Banking perhaps is a very broad field. I assume that probably corporate headquarters have better paying jobs than actual branches. We'll see. I need to explore the field better and find out exactly what kind of jobs are even offered in banking in general.
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