Career options for Banking at Murdoch University

Our Degrees are changing.

In 2014, Part I (first year) units will be introduced with Part II (second year and higher) units becoming available in subsequent years. Detailed information about Part II will be available here from mid-2014.

Find out more about our new degrees, or to get in touch and ask us what this means for you head to AskMurdoch. Continuing students can still access information for degrees commencing 2013 and prior in the Course Handbook.

Career options

As a Murdoch Banking graduate, your employment outlook is promising, especially if you combine it with other disciplines. Depending on which skill combinations or specialisations you have, your Murdoch degree may lead you towards work and study opportunities in a number of areas. The following are some professions to consider, including extra majors and minors that will improve your prospects of achieving them.

Loan Officer

Loan Officers evaluate loan applications, determine an applicants ability to pay back a loan, and recommend approval of loans. They usually specialise in commercial, consumer, or mortgage lending. When loans become delinquent, Loan Officers, or loan counsellors, may advise borrowers on the management of their finances or take action to collect outstanding amounts. Loan Officers also play a major role in bringing in new business and spend much of their time developing relationships with potential customers.

Trust Officer

Trust Officers manage a variety of assets that were placed in trust with the bank for other people or organisations; these assets can include pension funds, school endowments, or a companys profit-sharing plan. Sometimes, Trust Officers act as executors of estates upon a persons death. They also may work as accountants, lawyers, and investment managers.

Securities, Commodities and Financial Services Sales Agent

Securities, Commodities, and Financial Services Sales Agents, who make up the majority of sales positions in banks, sell complex banking services. They contact potential customers to explain their services and to ascertain the customers banking and other financial needs. They also may discuss services such as deposit accounts, lines of credit, sales or inventory financing, certificates of deposit, cash management, or investment services. These Sales Agents also solicit businesses to participate in consumer credit card programs. At most small and medium-size banks, however, branch managers and commercial loan officers are responsible for marketing the banks financial services. This has become a more important task in recent years.