In today's globalised world, with ever-expanding integration trends, various industries are thriving, including finance and banking. This sector has captured the interest of many young individuals due to its diverse career opportunities and attractive salary potential. However, questions often arise about this field: what careers can you pursue with a finance and banking degree, where can you work, and what is the salary range? This article aims to answer these questions while providing additional valuable information for your consideration.
Finance and banking is a field that deals with financial transaction services, the circulation and management of currency through banks and banking financial instruments, both domestically and internationally. As a broad field, it is divided into several specialisations, including banking, corporate finance, taxation, insurance, financial analysis and financial economics.
When studying finance and banking, students are equipped with knowledge about various types of assets such as bonds, stocks and capital sources. Additionally, specialised skills like financial analysis, financial forecasting and investment are also crucial in this industry.
After graduating with a degree in finance and Banking, you can take on various roles with attractive salaries. Here are some common career paths:
A bank teller is responsible for carrying out basic transactions such as accepting deposits, processing withdrawals, transferring funds and paying bills. This role involves working at the service counter and interacting directly with customers. Therefore, bank tellers play a crucial role in shaping the bank's image.
Salary range: approximately VND 8,500,000 to 11,000,000 per month, potentially reaching up to VND 34,000,000 per month for those with experience.
Salary range: approximately VND 8,000,000 to 16,000,000 per month plus commissions, potentially reaching up to VND 25,000,000 to 35,000,000 depending on the bank's policies.
A stockbroker typically works with investors, assisting clients in setting up stock accounts. This role also requires the ability to analyse the stock market and various funds to recommend investment sources that meet clients' needs.
Salary range: Approximately VND 10,000,000 to 15,000,000 per month, with total income potentially ranging from VND 20,000,000 to 45,000,000 per month depending on the volume and value of stock transactions.
A credit officer is responsible for tasks such as assessing customer assets, preparing contracts, disbursement documentation, handling collateral according to regulations, settling contracts, finding clients in need of loans and advising and supporting customers with loan procedures.
Salary range: approximately VND 8,000,000 to 19,000,000 per month, potentially over VND 30,000,000 per month depending on the number of credit contracts processed.
A sales officer is responsible for maintaining relationships with existing clients, seeking potential customers and advising clients interested in and needing banking services such as loans, credit and savings.
Salary range: basic salary ranges from VND 8,000,000 to 15,000,000 per month plus commissions, potentially exceeding VND 50,000,000 per month.
This role is crucial for the growth of businesses and organisations. A financial analyst is responsible for monitoring business performance, evaluating investments, analysing financial risks and proposing solutions for effective capital mobilisation and management.
Salary range: Approximately VND 12,000,000 to 20,000,000 per month, potentially reaching up to VND 40,000,000 per month for those with high expertise.
A corporate accountant's main duties include collecting and processing data, accounting documents, managing income and expenses, handling debts and preparing reports to assist business owners in understanding cash flow history and make informed business decisions.
Internal auditors are independent observers responsible for checking and evaluating the accuracy and reasonableness of an organisation's financial information.
Salary Range: approximately VND 12,000,000 to 18,000,000 per month, potentially higher from VND 30,000,000 to 40,000,000 for positions requiring extensive experience and expertise.
An international payment specialist assists customers with international payment transactions. Key tasks include verifying documents, checking the legality of paperwork, completing customer profiles and maintaining records according to company regulations.
Salary range: approximately VND 10,000,000 to 16,000,000 per month, potentially up to VND 25,000,000 depending on capability.
This position involves developing the financial plans of a company, such as planning capital mobilisation and utilisation, monitoring financial targets, overseeing the financial data system and preparing financial reports.
Salary range: approximately VND 30,000,000 to 60,000,000 per month, potentially reaching hundreds of million for senior management roles.
A debt collection officer is responsible for handling overdue debts from customers, including both personal and corporate debts. This role requires strong communication skills, persistence, and effective problem-solving abilities.
Salary range: approximately VND 10,000,000 to 15,000,000 per month, with potential earnings over VND 30,000,000 per month if sales targets or KPIs are exceeded.
The main duties of a risk management officer include analysing and assessing potential risks and proposing preventive measures. This role requires knowledge of risk management methods and tools, such as insurance, futures contracts, and capital management.
Salary range: approximately VND 11,000,000 to 18,000,000 per month, with positions requiring extensive experience starting from VND 25,000,000 and above.
An operations officer is responsible for checking bank transactions, controlling internal policies and documents to ensure smooth operations. They also handle the dissemination of necessary information to departments, participate in service quality improvement processes and support interactions and communication with customers.
Salary range: approximately VND 9,000,000 to 12,000,000 per month, potentially reaching up to VND 22,000,000 depending on the complexity of the tasks.
An investment consultant is tasked with researching and analysing the financial market, selecting suitable investment assets and executing financial transactions to optimise returns for clients.
Salary range: approximately VND 12,000,000 to 18,000,000 per month, with positions requiring experience offering salaries from VND 23,000,000 to 34,000,000.
With a degree in finance and banking, graduates can work in various companies and organisations, such as:
Finance and banking is not overly difficult, but it does require logical thinking, analytical skills and a solid foundation in mathematics and economics. To excel, students need to be diligent, persistent and have a well-structured study plan.
Following global economic crises, Vietnam's economy is gradually recovering and thriving, with continuous inflows of foreign investment. Additionally, the trends of international integration and digital transformation in recent years have significantly driven the development of the finance and banking sector.
Amid these positive changes, the demand for recruitment in finance and banking is rising and shows no signs of slowing down. With a solid knowledge foundation and the ability to flexibly apply new technologies, graduates in this field will have numerous job opportunities along with attractive income prospects.
At RMIT, Finance is one of the nine major disciplines within the Bachelor of Business degree, offering a flexible study path tailored to students' needs. 91tv can combine a major in Finance with another major such as Economics, Global Business, or Logistics and Supply Chain, or pair it with up to two minors to broaden their knowledge base. Note that the major and minor combinations are subject to change and the Bachelor of Business program contains the most up to date information.
RMIT also features a Financial Trading Lab, equipped with cutting-edge technology that simulates a real trading experience. Here, students gain practical experience and specialised knowledge by using world-leading software for trading and financial analysis.
Additionally, RMIT's Bachelor of Business is delivered entirely in English. Graduates will possess comprehensive professional expertise, specialised English proficiency and essential soft skills. Choosing RMIT is an investment in quality education, opening numerous career opportunities and personal development prospects in the future.
The above information provides insights into the finance and banking sector and addresses the question "What can you do with a finance and banking degree?" along with other common queries. We hope this article helps you gain a clearer understanding of this field and assists you in choosing a suitable study path.