Are you a banker tired of the daily grind of number crunching and dealing with demanding clients? Or perhaps you're just looking to explore new career paths that utilize your banking skills in a different way? In this article, we’ll show you the top 6 alternative careers for bankers to help you navigate the transition from banking to your new dream career.
Banking is can be a fantastic career choice, no doubt about it. But let's face it - even the most successful bankers can get bored with counting money all day, every day.
Well, there are plenty of alternative career options that will leverage your banking skills and experience but offer a different career trajectory.
In this article we’ll walk through these top 6 alternative career options for bankers that will allow you to put your skills to good use while also providing new challenges and opportunities for growth:
Read on to explore the roles you'll have in each job option, the potential income, and how no-code development can support your career transition from a banker to a position you'll love.
From banker to bean counter? Consider becoming a financial analyst! With your knack for numbers and experience in the financial industry, you're poised to excel in this career.
As a financial analyst, you'll be responsible for analyzing financial data and providing insights and recommendations to help companies make informed business decisions. Whether you're analyzing revenue trends, assessing investment opportunities, or conducting risk assessments, you'll play a critical role in driving financial success.
As a former banker, you already understand the ins and outs of finance, making financial analysis a natural fit.
Earning Potential
The average salary for a Financial Analyst is around $47,460 per year in the United Kingdom. The earning potential typically falls between $54,915 - $79,704.
Skills To Develop To Transition To Financial Analyst
Financial analysis skills, Data analysis, Excel proficiency, Problem-solving, Business acumen
Flex your analytical muscles while making a meaningful impact in the business world.
As a risk analyst, you'll be responsible for analyzing and evaluating potential risks associated with various business decisions, from investments to product development.
You'll use your keen analytical skills to assess risks and recommend strategies to minimize or avoid them, helping your organization make informed and strategic decisions.
Earning Potential
The average salary for a risk analyst in Europe is approximately $50,000 per year. The earning potential lies between $42,000 - $65,000.
Skills To Develop To Transition To Risk Analyst
Analytical skills, Attention to detail, Problem-solving, Risk management, Data analysis
Why not make the switch and use your financial savvy to help people achieve their personal financial goals?
As a personal finance advisor, you'll work one-on-one with clients to understand their financial needs and goals. You'll develop customized plans to help them save money, manage debt, and build wealth.
As a banker, you already have the skills and knowledge to help individuals manage their money, create budgets, and plan for the future.
Earning Potential
The average salary for a personal finance advisor in Europe is approximately $40,500 per year. The earning potential ranges between $25,000 - $70,000.
Skills To Develop To Transition To Personal Finance Advisor
Investment management, Financial planning, Risk management, Relationship building, Tax planning
Looking for a career that combines your passion for finance with your love for technology? Consider becoming a digital banking manager.
As a Digital Banking Manager, you will be at the forefront of the ever-evolving financial technology landscape. You will be responsible for managing and optimizing digital banking platforms, such as mobile banking apps and online portals, to ensure seamless user experiences for customers.
You will work with teams of developers, designers, and other professionals to create innovative financial products and services that meet the needs of today's digital-savvy customers.
Earning Potential
The average base salary for a digital banking manager in Europe is around $87,000 to $120,000 per year.
Skills To Develop To Transition To Digital Banking Manager
Financial analysis, Technical skills, Leadership, Adaptability, Innovation
Looking to put your expertise in finance to use in a more rewarding way? A wealth manager is a financial professional who helps high-net-worth clients grow, manage, and protect their wealth.
As a wealth manager, you'll work with clients to develop personalized investment strategies, navigate complex tax and estate planning issues, and provide ongoing financial advice and guidance.
With your knowledge of financial products and services, you can help clients achieve their financial goals and enjoy a secure financial future.
Earning Potential
The average base salary for a Wealth Manager in Europe is around $83,000 to $119,000 per year.
Skills To Develop To Transition To Wealth Manager
Financial planning, Investment management, Knowledge of tax laws and regulations, Analytical skills, Strategic thinking
Play a key role in helping people achieve their dream of homeownership as a mortgage underwriter.
As a mortgage underwriter, you'll be responsible for ensuring that loans are processed accurately and efficiently. This includes verifying the financial information of applicants, assessing their creditworthiness, and determining the appropriate loan amount.
With your banking background, you'll excel at evaluating loan applications, analyzing risks, and making informed decisions.
Earning Potential
The average base salary range for a mortgage underwriter in Europe is approximately $45,000 to $71,000 per year.
Skills To Develop To Transition To Mortgage Underwriter
Attention to detail, Analytical skills, Communication, Legal knowledge, Risk assessment
Don't let technical limitations hold you back from pursuing the career of your dreams. With no-code development, you can overcome these obstacles and achieve your goals. Keep reading to discover more about no-code.
No-code development is a sort of web development that allows you to create websites, web apps, mobile apps, task automation, and much more, without writing a single line of code.
The earning potential can range between $30,000 - $130,000 or even more if you have a strong portfolio and advanced skills.
As bankers don’t have a tech or creative background, so, appropriate training, guidance, and practice can easily help them to get a hang of no-code development.
Know the basics: Before diving into no-code tools, it's important to have a fair understanding of key concepts such as database design, user experience, graphic design, etc.
Invest in courses or guides: Investing in online courses or certifications is an amazing way to fast-track your learning curve. No-Code Foundations Program can help you re-invent your career by learning tech skills without code.
Foundations program is a 6-week cohort-based program designed to help you re-invent your career by learning tech skills without code.
Get hands-on experience and practice: Try out different no-code platforms and build sample projects to gain practical experience and truly master the tools.
