Industries :: Banking & Credit Intermediation

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	Banking & Credit Intermediation


Summary \| Industry Subsectors \| Related Careers & Salaries \| Industry Outlook

Industries / Banking & Credit Intermediation

Significant Points

Banking & Credit Intermediation

	Banking employment is projected to grow more slowly than average as consolidation and automation make banks more efficient.

	Office and administrative support workers constitute nearly 7 out of 10 jobs; tellers account for more than1 out of 4 jobs.

	Employment of tellers will increase more slowly than average, but job openings should be plentiful because the occupation is large and many tellers leave their jobs every year and must be replaced.

	Employment growth is expected in management and professional jobs, as well as for customer service representatives and securities and financial services sales representatives.

Industry Description


	The Banking & Credit Intermediation sector has been defined to encompass establishments primarily engaged in monetary, banking and credit transactions. This sector groups establishments that (1) accept deposits and clear checks; (2) lend funds raised from depositors; (3) lend funds raised from credit market borrowing; or (4) facilitate the lending of funds or issuance of credit by engaging in such activities as mortgage and loan brokerage, clearinghouse and reserve services, check cashing, and credit card services. This sector also includes Monetary Authorities-Central Bank establishments that engage in performing central banking functions, such as issuing currency, managing the Nation's money supply and international reserves, holding deposits that represent the reserves of other banks and other central banks, and acting as a fiscal agent for the central government.



	Source: MyPlan.com L.L.C. 2019, U.S. Census Bureau, 2018

Industry Video

Title: "Banking & Credit Intermediation"

Duration: 02:25

Industry Subsectors

	Monetary Authorities-Central Bank

	Commercial Banking

	Savings Institutions

	Credit Unions

	Other Depository Credit Intermediation

	Credit Card Issuing

	Sales Financing

	Consumer Lending

	Real Estate Credit

	International Trade Financing

	Secondary Market Financing

	All Other Nondepository Credit Intermediation

	Mortgage and Nonmortgage Loan Brokers

	Financial Transactions Processing, Reserve, and Clearinghouse Activities

	Other Activities Related to Credit Intermediation

Top Ten Careers

U.S. National Figures.

Banking & Credit Intermediation
Loan Officers	89,180
Loan Interviewers and Clerks	76,980
Customer Service Representatives	55,760
First-Line Supervisors of Office and Administrative Support Workers	26,390
Securities, Commodities, and Financial Services Sales Agents	24,780
Bill and Account Collectors	23,290
Financial Managers	18,260
Tellers	16,950
Retail Salespersons	15,590
Credit Analysts	14,530

Interesting Fact

007-star Pierce Brosnan once drove a taxi for a living.

Did you know...

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