17 Best-paying Jobs In Commercial Banking Industry | Good Career Path

best paying jobs in commercial banking

17 Best-paying Jobs In Commercial Banking Industry | Is Commercial Banks A Good Career Path?

The commercial banking industry offers many high-paying job opportunities that require confidentiality and trustworthiness. These jobs involve handling sensitive information and large sums of money on a daily basis. One of the benefits of working in commercial banking is job security, as the banking industry plays a crucial role in keeping economies moving, and commercial banks are an important part of that. Commercial banking is worth considering if you are looking for a financially rewarding career path.

Is Commercial Banking a Good Career Path?

A commercial bank is a financial institution that provides services and products to businesses, corporations, and other organizations. They play a crucial role in the economy by offering loans for both consumption and investment.

What are The Best-Paying Jobs In Commercial Banking?

Best Paying Jobs In Commercial Banking
  1. Administrative Assistant.
  2. Security Guard.
  3. Bank Teller.
  4. Assistant Manager.
  5. Loan Officer.
  6. Customer Service Representative.
  7. Loan Assistant Jobs.
  8. Underwriting Assistant Jobs.
  9. Mortgage Banker.
  10. Receptionist Jobs
  11. Personal Banker.

Best-paying Jobs In Commercial Banking Industry Good Career Path

What is the role of a commercial bank?

Commercial banks play a vital role in the economy by offering various financial services to individuals, businesses, and organizations. Their main function is to support economic and social stability and promote economic growth.

Is Commercial banking a good career path?

There are several valuable career opportunities available in the commercial banking sector.

Is banking a profitable career?

The field of baking offers ample opportunities for career advancement. According to the Bureau of Labor Statistics, the median annual salary for a regular baker, typically working in grocery stores or restaurants, is $23,140.

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Top Best Paying Jobs In Commercial Banking

The commercial banking industry offers a variety of career options and pathways. The opportunities range from entry-level positions that do not require prior experience or education to high-level corporate roles that necessitate significant experience and education.

Customer Service Representative

A customer service representative in commercial banking must be able to quickly familiarize themselves with the bank’s products and services to effectively guide customers towards financial options that are beneficial for both the customer and the bank.

They also perform tasks such as processing payments, refunds, and managing exchanges. The average annual salary for this position is $30,000.

Notary Public

In large banks, there are roles specifically designated for Notary Publics, certified by the government to witness the signing of legal documents.

Meanwhile, in smaller banks, this responsibility is often incorporated into other positions within the bank. The average annual salary for this role is around $61,000.

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Assistant Manager

Assistant managers in commercial banking typically have a degree and prior management experience. This is considered an entry-level position and can serve as a good starting point for a career in finance and management.

The average annual salary for this role is around $44,000.

Security Guard

Banks hold a lot of valuable assets, not just cash. Security deposit boxes may contain important documents, jewelry, heirlooms, and more.

Security guards are a crucial element of the banks, and they may be visible to the public or work behind the scenes monitoring surveillance systems. The average annual salary for this role is $30,000.


Receptionists in commercial banks are typically high school graduates, and additional education is optional for this role. Their main job is to greet visitors and direct them to the appropriate person or department.

The average annual salary for this role is around $29,000.

Administrative Assistant

Advanced degrees are not always required for administrative assistants in commercial banking, but it is common for individuals in this role to hold one.

They assist management or executives in handling daily tasks, preparing reports, scheduling appointments, and other duties that contribute to the smooth running of the bank or the department.

The average annual salary for this role is $36,000.

Bank Teller

A bank teller is a position in which a high school diploma may be sufficient to secure the role.

Tellers work with confidential information and handle money regularly, and they are expected to be friendly and knowledgeable as they interact with customers frequently.

The average annual salary for this role is $31,000.

Personal Banker

A personal banker is a financial professional who typically has a bachelor’s degree and often starting their career in this field.

They assist existing and new customers in setting up basic banking accounts such as checking and savings, money markets, retirement accounts, and other financial products.

The average annual salary for this role is around $31,000.

Underwriting Assistant

Underwriters are responsible for reviewing and evaluating loan applications.

Their main task is to ensure that the individual or business applying for the loan has the financial capability to make payments and has a good credit history.

The average annual salary for this role is $36,000.


Attaining an executive position within a commercial bank is a goal for many individuals and requires a combination of expertise, dedication, and experience.

Success in this role necessitates a deep understanding of bank strategy, client management, and leading and managing a team effectively.

Loan Assistant

A loan assistant supports a loan officer and performs similar tasks as the officer. The main duties involve paperwork, research, and staying updated with regulations in the loan industry. The average annual salary for this role is $37,000.

Quality Assurance Specialist

The role of quality control in a commercial bank involves ensuring that daily operations comply with established standards. Additionally, they are responsible for evaluating various elements that impact the success of a project or the organization.

Branch Manager

A branch manager or general manager manages a specific bank branch. Their duties include:

  • Hiring and training new staff.
  • Setting and monitoring sales targets.
  • Collaborating with higher management to enhance the branch’s performance.

Credit Analyst

Due diligence is carefully examining and verifying an individual’s financial statements, annual reports, or credit scores to determine their creditworthiness before approving business or personal loans.

What are the Certification Requirements For A Career In Commercial Banks

To work in commercial banking, many positions require at least a bachelor’s degree. Some may require additional certifications such as a CFP (Certified Financial Planner), CFS (Certified Fund Specialist), or other industry-specific licenses.

It may also require certain qualifications, such as experience in the banking industry, strong analytical and communication skills, and the ability to work in a fast-paced environment.


Certification Requirements For A Career In Commercial Banks

The banking industry offers a wide range of specialized certifications that you can earn after you enter the field, including:

  • Certified Management Accountant (CMA)
  • Chartered Financial Consultant (CFC)
  • Chartered Investment Counselor (CIA)
  • Certified Fund Specialist (CFS)
  • Chartered Financial Analyst (CFA)
  • Certified Public Accountant (CPA)
  • Certified Financial Planner (CFP)

Bachelor’s Degree

Having a bachelor’s degree in certain areas of study can open up opportunities in commercial banking. Some of these areas include finance, accounting, business, and banking.

High School Diploma

In the commercial banking sector, only jobs can be obtained with a bachelor’s degree. Still, even for those positions, a high school diploma is often required as a minimum educational requirement.

Master’s Degree

The Master of Business Administration (MBA) is a commonly sought-after degree in banking. However, there are other options available. Other graduate degrees that can be relevant in banking include a masters in finance, economics, financial technology, accounting, mathematics, statistics, and several other related fields.

17 Best-paying Jobs In Commercial Banking Industry | Is Commercial Banks A Good Career Path?

I hope now you know everything about the best paying jobs in commercial banking industry.