What education is needed to become a bank teller

According to the US Department of Labor’s Bureau of Labor Statistics, the career prospects are decent for bank tellers. It is predicted to have little or no change in employment between 2012 and 2022. However, because bank tellers are entry level positions, the turnover rate is high and banks will continue to replace the positions with new employees in order to maintain their level of front office customer service.
A formal education is not required to be a bank teller – most of them are hired because of their customer service skills. The banks will provide further on the job training to ensure the workers understand the nature of customer requests faced at the teller. On the other hand, because a career in finance is becoming increasingly competitive, a number of students who wish to be in finance following college gradation will use the position as a bank teller to gain entry into the industry.
Even though there is a high rate of turnover in the role of the bank teller, those who stay in the position will have opportunity to apply for positions within the bank later in their career, including:
• Account Manager: These specialists manage a number of individual and corporate accounts. They serve as a dedicate point of contact for financial transactions as well as investments. In addition to their existing roster of clients, account managers are also required to be business developers to recruit new business for the bank.
• Investment Advisor: Investment advisors help manage client’s investment and wealth management. Their job is to educate clients on ways how they can grow their portfolio and the value of their assets. These specialists are extremely high performing sales people who is comfortable in a commissioned sales role.
• Insurance Advisor: These specialists are licensed professionals who assist clients with their home, auto, health and travel insurance needs. In addition to managing and retaining a current roster of clients, they are responsible for generating new sources of revenue through new client relationships.
• Mortgage Specialist: Mortgage specialists help individual and commercial clients with finalizing their mortgage applications, securing an optimal lending rate as well as renewals.
• Financial Analyst: These specialists often work in a bank’s capital market management group, and are responsible for generating and monitoring a view on the profit and loss, valuation and risk activities of the global trading activities within the bank.
• Marketing and Communications: These specialists are responsible for communicating the bank’s products and services to current and prospective customers as well as to help maintain the company’s brand equity within the general public. They are also required to manage any issues that may damage the bank’s reputation.
While the role of a bank teller may not seem to technically challenging, it does provide a lot of potential for someone who wants to pursue a career in the financial sector. Experience with such an organization combined with an accredited education can provide a candidate with a leading edge compared to someone who has not worked at a bank previously.

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