Types of Banking Jobs in India and Salary Insights

By Jatin Sharma | February 27, 2025

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Types of banking jobs in India offer diverse career paths with attractive salaries and job security. Explore various types of banking jobs, required skills, and salary insights to plan your career!

Types of Banking Jobs: The banking sector in India offers diverse career opportunities, from customer service roles to specialized financial positions. Whether you’re an experienced finance professional or seeking entry-level bank-related jobs, there’s a role for every skill level.

Banks provide job security, attractive salaries, and financial benefits, making them a preferred career choice. To enter the banking field, a bachelor’s degree in Commerce, Finance, or Management is typically required, along with qualifying bank exams for many roles.

This guide explores various types of banking jobs, salary insights, and essential skills needed to succeed in the industry. Understanding bank job details can help you choose the right career path in this growing sector.

Banking Jobs in India

Types of banking jobs in India vary across government and private sectors, offering roles in customer service, finance, and administration. Banking job roles include positions in RBI, Public Sector Banks (PSBs), Regional Rural Banks (RRBs), and Cooperative Banks.

For example, RBI hires Grade B officers for economic policy-making, while PSBs like SBI recruit bank-related jobs such as probationary officers (POs) and specialist officers (SOs). Other types of bank jobs include financial analysts, loan officers, and relationship managers.

Top 10 Types of Banking Jobs in India with Roles and Salary Details

The banking sector in India offers various career opportunities, from customer service roles to financial analysis and investment banking. Whether you’re looking for entry-level bank-related jobs or specialized banking field jobs, the industry has diverse opportunities.

Below are the top 10 types of banking jobs, detailing their responsibilities, and average salaries in India:

1. Bank Clerk

Bank clerks handle daily banking operations and assist customers with transactions. They ensure smooth cash deposits and withdrawals, process cheques, and manage account-related queries. Precision and attention to detail are essential in this role.

Roles and Responsibilities:

Assist customers with cash deposits, withdrawals, and fund transfers.
Verify customer identity and ensure compliance with Know Your Customer (KYC) guidelines.
Maintain transaction records and processed banking documents.
Handle cheque clearance and account opening procedures.

Average Salary in India: ₹2,68,000 per year

2. Bank Teller

Bank tellers are the front-line staff responsible for handling customer transactions and ensuring efficient service at bank branches. They play a crucial role in building customer trust.

Roles and Responsibilities:

Process cash withdrawals, deposits, and fund transfers.
Assist customers with account-related services, such as issuing cheques and passbooks.
Ensure cash balancing at the end of the day.
Offer advice on banking products and services.

Average Salary in India: ₹2,50,000 per year

3. Relationship Manager

Relationship managers build and maintain strong relationships with bank customers. They focus on customer retention, cross-selling financial products, and providing personalized banking solutions.

Roles and Responsibilities:

Identify customer financial needs and suggest suitable banking products.
Manage high-value customer accounts and offer investment advice.
Work closely with bank staff to enhance customer experience.
Handle customer grievances and ensure timely resolution.

Average Salary in India: ₹3,26,000 per year

4. Loan Officer

Loan officers evaluate and process loan applications. They assess applicants’ creditworthiness and guide them in selecting the right loan products based on their financial needs.

Roles and Responsibilities:

Analyze loan applications and verify financial documents.
Explain loan options, terms, and conditions to applicants.
Evaluate credit scores and determine loan approval eligibility.
Ensure loan approval and disbursement within banking guidelines.

Average Salary in India: ₹2,19,000 per year

5. Investment Banker

Investment bankers work with corporate clients to raise capital through equity, debt, and other financial instruments. They provide financial advisory services for mergers, acquisitions, and fundraising activities.

Roles and Responsibilities:

Assist companies in raising capital through stocks and bonds.
Conduct market research and financial analysis.
Offer advisory services for mergers and acquisitions.
Prepare financial reports and investment presentations.

Average Salary in India: ₹4,91,000 per year

6. Credit Analyst

Credit analysts assess the financial health of individuals and businesses applying for loans or credit. They analyze credit scores, income, and repayment history to minimize lending risks.

Roles and Responsibilities:

Evaluate financial statements and credit reports.
Assess the loan repayment ability of applicants.
Recommend loan approvals or rejections based on risk analysis.
Monitor borrower accounts for potential defaults.

Average Salary in India: ₹5,50,000 per year

7. Treasury Analyst

Treasury analysts manage an organization’s cash flow, investments, and financial risk. They ensure liquidity and optimize fund management for the bank or its clients.

Roles and Responsibilities:

Track cash flow and predict future financial requirements.
Manage investment portfolios and corporate funds.
Ensure compliance with financial regulations.
Advise decision-makers on mergers, acquisitions, and investments.

Average Salary in India: ₹6,99,000 per year

8. Financial Analyst

Financial analysts offer valuable insights into market trends and potential investment opportunities, assisting businesses and individuals in making well-informed financial choices.

Roles and Responsibilities:

Analyze financial data and market trends.
Assist in investment decision-making for clients and organizations.
Prepare financial models and reports.
Recommend investment strategies based on risk assessment.

Average Salary in India: ₹7,00,000 per year

9. Bank Branch Manager

Bank branch managers oversee all branch operations, ensuring smooth customer service and business growth. They supervise staff, manage financial transactions, and implement banking policies.

Roles and Responsibilities:

Supervise daily operations of the bank branch.
Ensure adherence to banking regulations and policies.
Develop strategies to meet sales and service targets.
Handle customer escalations and staff performance reviews.

Average Salary in India: ₹8,00,000 per year

10. Internal Auditor

Internal auditors evaluate a bank’s financial activities to ensure compliance with regulations and detect potential risks. They play a critical role in fraud prevention and operational efficiency.

Roles and Responsibilities:

Perform internal audits to evaluate financial procedures.
Identify discrepancies and ensure regulatory compliance.
Suggest improvements to banking procedures.
Report financial risks to senior management.

Average Salary in India: ₹8,50,000 per year

Also Read: Personal Banker – Roles, Skills, Qualifications, and Salary

Note: The salary figures provided are based on online sources and may differ depending on factors such as experience, job performance, location, and company policies.

The types of banking jobs offer opportunities in various domains, including customer service, lending, investment, and risk management. Whether you prefer a front-end role like a relationship manager or a back-end analytical job like a credit analyst, the banking sector provides a secure and rewarding career path.

Important Skills for Different Types of Banking Jobs

To build a successful career in the banking field jobs, professionals need a mix of technical expertise and interpersonal skills. Whether working in retail banking, corporate banking, or financial services, these abilities help manage transactions, customer interactions, and risk assessments effectively.

Here are ten essential skills for bank-related jobs in India:

1) Customer Service and Relationship Management:

Interacting with customers, handling transactions, and addressing queries are crucial in banking job roles like teller, customer service executive, and relationship manager. Strong interpersonal skills help maintain customer trust and satisfaction.

2) Communication Skills:

Professionals in banking-related jobs must explain financial products, policies, and services clearly. Effective communication ensures smooth collaboration with customers, colleagues, and stakeholders.

3) Numerical Ability and Mental Math:

Many types of bank jobs involve calculations, whether for loan processing, investments, or transactions. Strong numerical skills and quick mental math improve efficiency.

4) Problem-Solving and Analytical Thinking:

Assessing loan applications, identifying fraud risks, and analyzing financial trends require critical thinking. This skill is essential for roles like credit analyst, risk manager, and investment banker.

5) Attention to Detail:

Handling financial data requires precision. Whether verifying documents, processing cheques, or managing accounts, accuracy is crucial in bank job details to prevent errors.

6) Technological Proficiency:

With digital banking becoming the norm, professionals must be familiar with banking software, online transaction systems, and cybersecurity protocols in banking field jobs.

7) Regulatory and Compliance Knowledge:

Understanding banking laws, RBI guidelines, and financial regulations ensures smooth operations and legal compliance. This is essential for auditors, compliance officers, and risk managers in banking-related jobs.

8) Stress Management and Adaptability:

Banking involves high-pressure situations, from meeting sales targets to handling financial crises. Professionals must remain calm and focused, especially in roles like sales executive, loan officer, and financial advisor.

9) Time Management and Multitasking:

Many types of banking jobs require handling multiple responsibilities, such as assisting customers, processing transactions, and preparing reports. Efficient time management boosts productivity.

10) Teamwork and Leadership:

Collaboration is important in banking job roles, whether working with colleagues, clients, or regulatory bodies. Leadership skills are valuable for positions like branch manager, credit officer, and financial analyst.

Also Check: How to Get a Bank Job in India–A Complete Guide

Mastering essential skills such as communication, problem-solving, and financial expertise is crucial for excelling in various banking-related jobs, ranging from entry-level to senior positions in areas like financial management and investment banking.

To succeed in the banking field, focus on obtaining relevant qualifications, certifications, and hands-on experience. Participating in internships and staying informed about industry developments will help you excel in different banking job roles.

Build Your Career in Banking, Financial Services & Insurance (BFSI) with PW Skills

The Post Graduate Certification in Banking, Financial Services & Insurance (BFSI) from PW Skills is a comprehensive three-month course designed to provide you with the foundational knowledge and skills needed for various types of banking jobs. This course focuses on key banking concepts and soft skills development, preparing you for roles in the BFSI sector.

Here are some of the top features of the BFSI Course:

Industry-Focused Curriculum: Learn relevant topics that are aligned with the current demands of the BFSI sector.
Guidance from Industry Professionals: Gain valuable insights from professionals who have hands-on experience in banking.
Soft Skills Training: Enhance your communication and confidence, vital for banking field jobs.
Practical Learning: Engage in activities that provide real-world experience, preparing you for a career in banking.

Take the first step towards a successful career in banking-related jobs with the PW Skills BFSI Certification Online Course!

Disclaimer: This is an informational post. PW Skills does not guarantee job placements or career outcomes related to banking jobs or any specific roles mentioned in this content.

Types of Banking Jobs FAQs

What are the different types of banking jobs?

Banking offers various roles, including retail banking jobs, investment banking jobs, corporate banking positions, and specialized roles in areas like risk management, compliance, and financial analysis. Each role requires unique skills and knowledge within the banking sector.

Which banking job offers the highest salary?

Goldman Sachs is known for offering the highest combined salaries and bonuses. In 2023, it paid an average salary of $200k with an additional $199k in bonuses, making it a top choice for banking professionals seeking high-paying roles.

How can I prepare for a career in banking?

To excel in banking, pursue education in finance or economics, and gain hands-on experience through internships. You can also consider enrolling in a course like the PW Skills BFSI Certification to develop essential skills and knowledge for various types of banking jobs.

What skills are essential for bank-related jobs?

For success in banking roles, strong communication, problem-solving, and financial knowledge are crucial. Enrolling in courses like the PW Skills BFSI Certification can help you build these skills and prepare for various banking job roles.

What are the career growth opportunities in banking?

Banking offers extensive career growth opportunities, including promotions to managerial or executive roles, such as branch manager, risk analyst, or investment banker. Continuous learning through certifications and real-world experience can lead to higher positions in the banking field.

Post Graduate Certification in Banking, Financial Services & Insurance

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