How Many Jobs Are Available In Commercial Banks?

The commercial banking industry is one of the fastest-growing segments of the American economy and plays a significant role in it. For those looking for solid work, the industry offers employment to a large number of people. 

Before you decide to become a commercial banker, you should know what kinds of jobs are available and what it takes to be successful in the field. It would be preferable if you were also willing to put in a lot of effort and pick up new abilities.

How Do Commercial Banks Work?

A type of financial organization called a commercial bank provides goods and services to both consumers and businesses. Federal financial regulatory bodies, such as the Federal Reserve System, for instance, are in charge of policing them. 

Typically, commercial banks have more assets than liabilities, which means there is more money available for lending. They are crucial to the financing of consumers and enterprises in the American economy.

Loans, deposits, and credit cards are only a few of the services and goods provided by commercial banks. Additionally, they offer their clients investment guidance and financial planning services.

There are about 5,000 commercial banks in the United States. Over the following several years, this number is expected to increase significantly as more small banks try to enter the market. While a few tiny regional banks are dispersed across the nation, the majority of these institutions are situated in significant urban centers.

How many job positions are open at commercial banks

The American economy is extremely dependent on commercial banks. They provide a wide range of employment opportunities, from loan officers to tellers. There are over 1.9 million jobs in the commercial bank field.

Labor can be both difficult and fulfilling. Commercial banking offers a wide range of specialty options. Finding the best bank with the best possibilities for you is the most crucial component. 

Top paying jobs in commercial bank

1. Branch Manager – $100,000/yr

In a commercial bank, a branch manager is in charge of all daily operations and keeping good relationships with clients. They are in charge of making sure that all banking procedures are followed in the branch and that all authorized access is accurately recorded.

2. Financial Consultants – $73,000/yr

A financial consultant is someone who offers knowledgeable guidance to both individuals and corporations regarding financial planning, investments, and taxes. Financial advisors may work with investment firms, commercial banks, or insurance companies. They might also work for themselves.

3. Credit Analyst – $55,000/yr

A commercial bank’s credit analyzer plays a crucial role in ensuring that consumers can borrow money in an accountable and secure manner. Loan officers and credit analysts analyze loan applications together. In addition to looking at indicators like income, debt levels, and credit scores, they examine the applicant’s credit history.

4. Loan Officer – $49,000/yr

A commercial bank’s loan officer is an essential component of the mortgage industry. This person is in charge of determining the creditworthiness of prospective borrowers and making recommendations for loans that are both secure and lucrative.

5. Mortgage Banker – $64,000/yr

An expert who works for a commercial bank is a mortgage banker. They are tasked with assisting clients in obtaining mortgages and collaborating with other bank employees to ensure a seamless mortgage application process. Mortgage bankers frequently have a wealth of knowledge regarding the mortgage sector.

6. Trust Officer – $55,000/yr

In a commercial bank, a trust officer is in charge of managing trusts and estates. In addition to offering financial guidance on trusts and estate planning, they collaborate with customers to establish and maintain trusts. Trust officers need to be knowledgeable about the banking processes as well as the tax laws and regulations that apply to trusts and estates.

7. Bank Teller – $36,000/yr

Since bank tellers are a common position at most commercial and residential banks around the nation, the majority of us are familiar with them. Most banks offer on-the-job training for bank tellers, who normally just need a high school diploma and earn a median income of $36,000.

8. Financial Sales Agents & Traders – $69,000/yr

There are several work opportunities for financial sales representatives and traders across numerous industries. Sales representatives and traders may work for commercial banks, but they mainly work for private businesses or investment banks.

9. Financial Manager-$131,710/yr

One of the highest-paying and fastest-growing professions in commercial banking is that of a financial manager. These positions normally require a bachelor’s degree, although the average pay is $131,710.

10. Foreign exchange trader- $84,000/yr

The rapid shift in the value of foreign currencies can be distressing for foreign exchange traders. Currency traders who buy and sell currencies on foreign exchange markets can make huge profits by studying the factors that affect exchange rates and economies. Along with reading reports, examining the news, managing finances, and talking on the phone a lot, managing finances is one of the duties of foreign exchange traders.

Are there any job opportunities in the commercial banking industry?

The primary duty of a commercial banker is to offer financial services to clients. As with credit analysts and loan officers, helping clients expand their businesses, buy new equipment, raise working capital, and manage daily banking is one of their responsibilities.

Is a job in commercial banking a suitable fit for you?

Some individuals value the work-life balance that a profession in commercial banking offers. As your career develops, you can think about a move into financial institutions, venture capital, or wealth management.


Commercial banks frequently house both personal and business bank accounts. They are sometimes used by people to manage their accounts or submit loan applications. Deposit and savings accounts, fund transfer and trade services, commercial lines of credit, and loan and mortgage choices are a few of the services they provide. Credit unions provide more benefits than other types of lending.

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