Do you know that there are six deadly traps of accounting and finance careers? These are the common mistakes of professionals that make them less successful than others who have the same talent and give the same effort and comes from focusing on the wrong things:

1. Focusing only on the known and not on the unknown
2. Focusing only on measuring and not creating
3. Focusing only on cost andn ot value
4. Focusing only on the finance department and not the enterprise
5. Focusing on ‘The way we’ve always done it’ and not on new possibilities
6. Focusing only on your work and not communicating the value of your work

Read the full article here and learn how to avoid these costly mistakes.

If you’re a loan officer, you will be traveling constantly. This is because you need to be in contact with clients. Chances are you’ll be visiting their homes, offices and the places they go to. However, there are also times that you’ll be staying in the office and you’ll keep in touch with your clients through phones, pagers and the internet.

You will work for 40 hours a week however there are times when you will work longer hours especially if you have many clients. You will be very busy and you may not be able to accept new clients until you finish your current cases. You will also be busy when interest rates are low and there’s a surge in loan applications.

Good news for loan officers and counselors: employment is expected to be faster for you than applicants for other jobs. This will be due to the increasing population, expanding economy and low interests rates which causes more applications for consumer, commercial and mortgage loans. However this would be moderated by refinancing of mortgages, increase in technology and the fluctuations of the economy. However loans are the major source for banks’ revenue, so loan officers will still continue to be needed despite all the tempering factors. Also, when there’s a decline in the economy, the banks will retain these officers and they will just pay them less commission than usual.

If you want to take up a career in banking and you’re curious about the pay, read these statistics. According to studies done during 1998, the average annual earnings of bank employees are between $20,990 up to $82,270. The earnings of those working in commercial banks, mortgages, savings institutions, personal credit institutions and credit unions are the following:

Commercial Banks: $36,400
Mortgage Bankers and Brokers: $34,700
Savings Institutions: $34,700
Personal Credit Institutions: $26,800
Credit Unions: $25,300

For loan officers, the salary varies and is based on the number of loans they originate. Some institutions pay salaries only while others add a bonus. The pay varies according to the firm and the amount of job done; but to be sure you could check salary calculators available online.

Commercial banking provides banking services to organizations, businesses and individuals. Most people involved in the financial service industry are employed in the commercial banking sector. Perhaps this is because the demand for bank officers are increasing, the work is fulfilling and the pay is good. It offers opportunities to do business, make financial solutions, interact with people, and make a lot of money. If you’re interested about this career, research on articles about banking and find out what requirements are needed for the job you want to apply. Read other articles on this blog or visit websites so that you will be well-equipped for entering this challenging yet fruitful field.

According to CareerJournal.com, there is a national shortage of qualified bank tellers. This is quite surprising because the increase in online banking services and ATMs did not diminish the need for human tellers. In fact, many colleges are offering programs for bank tellers to meet the increasing demand. A lot more is expected from the bank teller nowadays because their role in the industry is no longer a routine one, but one that requires superb customer relations, marketing and problem solving skills. Also, in earlier years, bank tellers receive moderate salaries but now, banks offer bonuses and perks for potential employees.