Learning about commercial banks is key for individuals interested in pursuing a career in the field. Commercial bankers are typically required to earn a bachelor’s degree in accounting, finance, communications, or another related field, as well as have some work experience in the financial services industry.
Some financial institutions may offer internships so that prospective employees may learn the hard and soft skills required to succeed in the industry, as well as how to abide by U.S. banking regulations.
Pursuing a postgraduate degree in disciplines such as accounting, economics, business administration, or statistics can lead to better opportunities and higher pay for those already working in commercial banking or can help you begin your career in an advanced position. Consider pursuing a Master of Business Administration (MBA) or Master of Accounting degree to work at any of the top financial institutions, including JPMorgan Chase and Morgan Stanley.
Once an individual has completed a bachelor’s or master’s degree program from an accredited university, graduates may obtain licensure as a certified public accountant (CPA) or mortgage loan originator (MLO). Doing so can broaden advancement opportunities for those already working in commercial banking. Once you’ve completed any of these steps, you’re ready to apply for jobs that match your goals of becoming a successful commercial banker.