{"id":243024,"date":"2021-07-15T10:58:22","date_gmt":"2021-07-15T10:58:22","guid":{"rendered":"https:\/\/imarticus.org\/?p=243024"},"modified":"2023-11-29T10:14:00","modified_gmt":"2023-11-29T10:14:00","slug":"which-one-is-a-good-career-option-financial-analyst-or-commercial-banking","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/which-one-is-a-good-career-option-financial-analyst-or-commercial-banking\/","title":{"rendered":"Which One Is a Good Career Option, Financial Analyst or Commercial Banking?"},"content":{"rendered":"
Understanding Commercial Banking<\/strong><\/p>\n
Commercial banks specialise in providing services such as accepting deposits, providing business loans and also offer basic investment products which don\u2019t need much investment guidance. Commercial banking is often a division of a big bank and sometimes it is a stand-alone special unit. The main difference between commercial banks and retail banks is that it majorly deals with corporates, medium & large sized businesses in addition to the general individuals.<\/p>\n
Both private sector and public sector banks are included in the commercial banking category. The commercial banking performs a wide range of functions including accepting deposits, providing loans and credit services, credit creation, agency functions, etc. While providing credit to customers the commercial banks do not advance cash rather they create a deposit account for the borrowing party to withdraw funds. It helps to better channel the limited funds available at a bank.<\/p>\n
Commercial banking careers are considered one of the most sought-after career roles and invite a lot of competition. The most prominent roles and positions offered at commercial banks include account manager, loan officers, sales associates, trust officers, branch managers, etc. The remuneration for commercial banking careers varies greatly depending upon your position and experience. One can get an entry-level role by completing graduation in a relevant field such as commerce, economics, mathematics, etc. Managerial roles require post-graduate degrees such as an MBA.<\/p>\n
Role of a Financial Analyst<\/strong><\/h3>\n
One of the primary responsibilities of a financial analyst is to conduct a financial analysis of businesses to paint a comprehensive financial picture of the organization. Financial analysts use tons of relevant financial data including the historical and current records to assess outcomes for business decisions and find profitable investment avenues. It helps companies to assess the feasibility of a particular project by predicting the future revenue and expense from the operation. \nFinancial analysts are required to have good quantitative acumen and analytical skills. Financial analysts use relevant financial data to help companies make important financial decisions. Financial analyst job roles are considered as a prestigious one and it often has very well defined roles and responsibilities providing a good work-life balance. The requirements for the role of financial analysts vary depending on the organisation and the exact position that you are offered.<\/p>\n