Best Banking Jobs SitesTellers Banking jobs for tellers have improved recently. Employment is projected to grow at a modest pace of between two and seven percent. As recently as a few years ago, banks were closing branch offices and discouraging the use of tellers in an effort to cut costs. However, in a reversal of that trend, banks are now opening branch offices in more locations. They also are keeping them open longer during the day and on weekends, a practice that is expected to increase opportunities for tellers, particularly those who work part time. Tellers who have excellent customer service skills, are knowledgeable about a variety of financial services, and can sell those services will be in greater demand in the future. Despite the improved outlook, automation and technology (think ATMs, direct deposit and electronic banking) will continue to reduce the need for tellers who perform only routine transactions. Increasingly, banks are opening 24-hour telephone centers. These centers usually are staffed by customer service representatives, who can handle a wider variety of transactions than tellers can, including applications for loans and credit cards. Loan Officers Banking jobs for loan officers, like tellers, is projected to increase only two to seven percent through 2014. College graduates and those with banking, lending, or sales experience should have the best job prospects. Employment growth stemming from economic expansion and population increases—factors that generate demand for loans—will be partially offset by increased automation that speeds lending processes and by the growing use of the Internet to apply for and obtain loans. The use of credit scoring has made the loan evaluation process much simpler than in the past and even unnecessary in some cases. In addition, the mortgage application process has become highly automated and standardized, a simplification that has enabled online mortgage loan vendors to offer their services over the Internet. Shopping for loans on the Internet is expected to become more common in the future, especially for mortgages, thereby reducing demand for loan officers. Loan Interviews and Clerks Banking jobs for loan and clerks is projected to decline through 2014 because of advances in technology that are making these workers more productive. Despite a projected increase in the number of applications for loans, automation will increase productivity so that fewer workers will be required to process, check, and authorize applications than in the past. Also, significant consolidation has occurred among mortgage loan servicing companies. As a result, fewer mortgage banking companies are involved in servicing loans, making the function more efficient and reducing the need for loan service clerks. Here are the top five online job sites for banking jobs, as measured by the Alexa rating (the lower the rating, the more popular the site. See our Online Job Search page for a detailed explanation of Alexa ratings.
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