10 Career Paths in Banking You Need to Know!

A banking and finance degree is an academic program that studies financial systems, banking operations, investment strategies, and financial management. It provides students with a comprehensive understanding of the principles and practices involved in the banking and finance industry. A banking and finance degree will continue to be highly important in 2023 due to the ever-evolving landscape of the global financial industry. In today's interconnected and fast-paced world, the degree equips individuals with essential knowledge and skills that are relevant and in demand across various sectors. The curriculum typically covers a range of subjects, including economics, accounting, financial markets, corporate finance, risk management, investment analysis, and banking regulations. Students gain knowledge and skills in financial planning, asset valuation, portfolio management, financial modeling, and banking operations. The degree program may also provide a foundation for further education and professional certifications, such as Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), or Financial Risk Manager (FRM). A banking and finance degree opens up a world of potential career paths due to its versatile and comprehensive nature. Graduates with this degree possess a solid understanding of financial concepts, analytical skills, and industry knowledge that make them highly sought after by various sectors within the financial industry. The potential career paths are vast, ranging from traditional roles in investment banking, commercial banking, and asset management to emerging fields like financial technology (FinTech) and risk management. Below are ten career paths in banking that you should be aware of:

1. Investment Banking

Professionals in investment banking provide advisory services and underwriting and facilitate mergers and acquisitions. They work closely with corporations, institutional investors, and government entities to execute complex financial transactions.

2. Commercial Banking

Commercial bankers work with businesses and organizations to provide financial services such as loans, credit lines, cash management, and other banking products to meet their financial needs.

3. Retail Banking

This career path involves working in banks or financial institutions serving customers. Retail bankers assist clients with opening accounts, managing deposits, offering loans and mortgages, and providing financial advice tailored to personal finance goals.

4. Asset Management

Asset managers manage investment portfolios for individuals, institutions, or funds. They analyze market trends, make investment decisions, and aim to maximize returns for their clients.

5. Risk Management

Risk managers are crucial in identifying, assessing, and mitigating potential risks that could impact a bank's operations or financial stability. They create risk management plans, implement controls, and assure regulatory compliance.

6. Corporate Banking

Corporate bankers work with large corporations, providing financial solutions such as lending, cash management, trade finance, and advisory services. They build relationships with corporate clients to understand their financial needs and offer tailored solutions.

7. Wealth Management

Wealth managers work with high-net-worth individuals to provide personalized financial planning and investment advice. They help clients grow and protect their wealth through various strategies, including investment allocation, tax, and estate planning.

8. Compliance and Regulatory Affairs

Professionals in this field ensure that banks adhere to applicable laws, regulations, and industry standards. They develop compliance programs, monitor transactions, and implement procedures to prevent money laundering, fraud, and other financial crimes.

9. Financial Analysis

Financial analysts evaluate a company's, industry's, or investment opportunity's financial performance and prospects. They examine financial statements, do value analyses, and provide suggestions to help investors make decisions.

10. Treasury Management

Treasury professionals manage a bank's liquidity, cash flow, and financial risks. They oversee the bank's funding sources, manage relationships with other financial institutions, and optimize capital allocation. These are just a few examples of the diverse career paths in the banking industry. It's important to note that each path offers different responsibilities, skill sets, and growth opportunities.

Banking and Finance at Sampoerna University

Sampoerna University is a fully accredited university in Indonesia that offers the best choice for those seeking excellent international education. Sampoerna University is a private, non-denominational, non-profit university licensed and certified by the Republic of Indonesia's Ministry of Education, Culture, Research, and Technology. Formed according to national and international standards, Sampoerna University is qualified to contribute to society through education substantially. The Faculty of Business offers a range of undergraduate and graduate programs in fields such as business administration, marketing, entrepreneurship, finance, accounting, and more. These programs aim to equip students with the knowledge, skills, and mindset necessary to succeed in business. A banking and finance program at a university offers a curriculum that covers a range of subjects related to finance, banking, and business. Students study core topics such as financial accounting, economics, corporate finance, financial markets, investment analysis, risk management, and banking operations. The program aims to equip students with a solid foundation in financial theory, analytical skills, and practical knowledge applicable to the banking and finance industry. The Banking and Finance Concentration is leading the way to educating the next generation of banking and financial services professionals. Co-Developed with one of the most reputable banks worldwide, the program provides the best practical experience with academic training from faculty—many with banking experience. In this program, students learn to manage money in banks and investment houses, circulate money and grant credit, acquire various types of financing, and how assess the financial needs of companies and individuals. Partnership with one of the most reputable banks worldwide also means that students have opportunities for scholarships and internships as part of the program. 9 of 10 graduates get employed three months after graduation*. Immediately register to participate in the new student admissions process for the 2023-2024 year here. Our Admission Team will contact you soon to provide more detailed information. Schedule with us whenever you want to visit campus tours on-site or virtual! *Based on graduating cohort 2020-2022