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If you have a knack for numbers, a career in the finance industry may be a good choice for you. There are a number of bank job openings in Chennai that offer attractive salaries and benefits. But to land a prestigious bank job, you’ll need experience and an advanced education. Here are some of the highest-paying banking jobs in town.
CEO or Bank President
Median Salary: Rs 3,271,574
Bank presidents and CEOs earn the highest salaries in the industry, with the median salary for this position being Rs 3,271,574. Depending on the bank, you may get paid even more.
To reach this position (the highest level at a banking institution), a great deal of experience is required.
You’ll be in charge of overseeing the bank, and establishing the bank's strategies, policies and objectives.
The life of a bank CEO can be stressful and hectic, but the trade-off is an exceptionally high salary.
Bank VP
Median Salary: Rs 1,146,085
The Vice President of a bank earns a high median salary, and answers directly to the president and CEO of the bank. Like the CEO, Vice Presidents ensure that all of the bank operations are running smoothly and efficiently. On top of this, they may also resolve client issues, and motivate those working under them to achieve the organization’s goals.
Bank VPs require strong problem-solving and analytical skills. A great deal of experience is required to enter this position, with most people having five or more years of experience.
CFO (Chief Financial Officer)
Median Salary: Rs 2,933,864
A CFO (Chief Financial Officer) is responsible for all monetary transactions that take place inside of the bank. In addition, CFOs also manage the bank’s fiscal operating results using standard accounting principles, and advises upper-level management on ways to cut back on costs while adhering to tax laws and regulatory compliance.
CFOs must also have extensive experience in the field. A minimum of five years in the banking industry may be required before being hired for this prestigious position.
Finance Director
Median Salary: Rs 3,126,993
The finance director will be in charge of ensuring that the accounting department’s standards are precise and accurate. They report to upper level management on the financial state of the company.
Some directors will lead and create finance teams within the bank, and contribute to the development of the bank’s strategies.
Loan Officer
Median Salary: Rs 232,558
Loan officers are responsible for assisting customers in applying for loans, and will also assess the applicant’s creditworthiness. These individuals will also help customers determine what type of loan that they need.
Most employers will require an advanced degree in order to work in this position. To land this job, you’ll need experience in lending, banking, sales and have a knowledge of computers.
These are some of the highest paying banking jobs in Chennai, and they all require a great deal of experience. Motivated employees can move up to these positions in 5-10 years, and enjoy a high-paying salary for years to come. With the financial industry being such a critical part of the business world, there will always be high demand for these careers.
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