Personal bankers are responsible for helping individual clients manage their money in order to balance financial risks and returns. These bankers typically work in indoor office environments, and some limited travel may be required to attend social networking events and appeal to potential clients. Although they generally work during traditional business hours, extended hours may be required depending on the organization and needs of the client.Most entry-level personal banking positions require a bachelor's degree in a field such as economics or finance, as well as experience in business statistics, economics, and calculus, and many upper-level positions require further education. Prior experience in risk management, corporate finance, quantitative reasoning, and investment theory is also beneficial. Personal bankers may need to be registered with the financial industry regulatory authority, wherein an exam is required, and other license requirements may apply depending on the employer.Personal bankers have a variety of responsibilities, including: various banking duties; overseeing all financial activities of accounts; marketing to potential clients; building a reputable customer base; maintaining proper licensing; selling financial services; and accessing and updating account information of clients.Aspiring bankers should be highly knowledgeable in their fields and willing to constantly expand their knowledge. Strong communication skills, including the ability to explain highly technical terms to “everyday” customers, are also important.

The role of Personal Banker in Australia shows promising growth in the market. According to a 10-year analysis, the job role is projected to experience significant expansion and increased demand. Google statistics indicate that the number of employment opportunities in this field is expected to rise considerably in the future. Factors driving this growth include the increasing complexity of financial products, expanding customer needs, and technological advancements in the banking sector. Overall, the Personal Banker position in Australia presents excellent potential for career growth and job opportunities.

How to Learn

As a Personal Banker with 9+ years of experience in Australia, your main responsibilities include:<ul><li> Provide personalized financial advice and solutions to clients, helping them manage their accounts and make informed financial decisions.</li><li> Build and maintain strong relationships with clients, ensuring their satisfaction and addressing any concerns or issues that may arise.</li><li> Analyze clients' financial situations, assess their needs, and recommend suitable banking products and services to meet their objectives.</li><li> Stay updated with industry trends and regulations, ensuring compliance and delivering exceptional customer service while promoting the bank's products and services.</li></ul>

Roles & Responsibilities

Average take home Salary for a Personal Banker in Australia is around AU$65008 per year

Salary Breakup

Personal Bankers are responsible to provide personalised advice and financial services to customers. They establish solid relationships with their customers and identify their financial needs and provide tailored solutions like creating new accounts, requesting loans, and suggesting investments. Personal Bankers are actively promoting and sell banking products and services to achieve the sales goals. They manage transactions, respond to questions from customers, and meet their banking requirements quickly. With exceptional communication skills and a vast knowledge about banking services, personal bankers guarantee customers' satisfaction and keep the highest level of customer retention.

Personal Banker

Salary Breakup

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