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CAREERS ENCYCLOPEDIA

Banker

A Banker is responsible for handling financial transactions, managing customer accounts, and providing banking services such as loans, savings, and investments. In Pakistan, bankers play a key role in supporting individuals, businesses, and government financial operations. They work in commercial banks, microfinance institutions, and investment banks.

On The Job You Would:

<ul> <li>Assist customers with opening and managing accounts.</li> <li>Process deposits, withdrawals, and fund transfers.</li> <li>Evaluate and approve loan applications.</li> <li>Provide guidance on savings, investments, and insurance products.</li> <li>Ensure compliance with banking laws and security protocols.</li> <li>Maintain accurate records of transactions.</li> <li>Promote banking products to attract new clients.</li> </ul>

Knowledge
  • Banking systems and operations
  • Financial products (loans, deposits, insurance)
  • Accounting and record-keeping
  • Risk management and credit evaluation
  • Customer service practices
  • State Bank of Pakistan regulations
Skills
  • Numerical and analytical skills
  • Communication and interpersonal skills
  • Problem-solving and decision-making
  • Sales and negotiation skills
  • Accuracy in handling cash and records
  • Ability to use banking software
Abilities
  • Ability to work under pressure with strict deadlines
  • Attention to detail and accuracy
  • Strong ethical judgment and integrity
  • Ability to deal with different types of clients
  • Teamwork and leadership in banking operations
Personality
  • Professional and disciplined
  • Trustworthy and ethical
  • Customer-oriented and approachable
  • Ambitious and career-focused
  • Calm and composed under pressure
Technology
  • Banking software (Finacle, Temenos, Oracle FLEXCUBE)
  • Core banking systems
  • Microsoft Office (Excel, Word, PowerPoint)
  • ATM and digital banking systems
  • Online banking and mobile app platforms
Entry Requirements
  • Bachelor’s degree in Finance, Accounting, Economics, or Business Administration
  • Master’s degree (MBA, M.Com) preferred for higher-level positions
  • Strong mathematical and communication background
  • Internships or entry-level experience in banking or finance
  • For government banks, clearing recruitment tests and interviews
Job Outlook
  • High demand for bankers in both public and private sectors.
  • Growing opportunities due to digital banking and financial inclusion programs.
  • Microfinance and Islamic banking are rapidly expanding in Pakistan.
  • Strong career growth from entry-level officer to branch manager or higher.
  • Competition is tough, requiring strong qualifications and performance.
Where can you work?
  • Commercial banks (HBL, MCB, UBL, Allied Bank)
  • State Bank of Pakistan
  • Microfinance institutions (Khushhali, U Microfinance)
  • Islamic banks (Meezan Bank, Al Baraka Bank)
  • Investment banks and financial services companies
  • Insurance and leasing companies (related financial services)
Education
  • B.Com (Bachelor of Commerce)
  • BBA (Banking & Finance specialization)
  • MBA Finance
  • M.Com (Master of Commerce)
  • Professional certifications (CA, ACCA, CFA, Islamic Finance diplomas)
Where can you study?
  • Institute of Business Administration (IBA), Karachi
  • Lahore University of Management Sciences (LUMS)
  • University of the Punjab, Lahore
  • Quaid-i-Azam University, Islamabad
  • National University of Sciences and Technology (NUST)
  • Karachi School of Business & Leadership (KSBL)
  • Professional bodies (ICAP, ACCA Pakistan, CFA Institute Pakistan)
Expenses & Scholarships
  • Bachelor’s degree: Rs. 80,000 – Rs. 200,000 per year (public universities)
  • Private universities: Rs. 200,000 – Rs. 500,000 per year
  • Professional certifications (ACCA, CFA): Rs. 200,000 – Rs. 600,000 total
  • Scholarships available through HEC, State Bank of Pakistan, and private banks
  • Government-sponsored student loans available for banking-related studies