If you are exploring professional career opportunities in Alberta, consider banking. Banking may offer many perks you didn’t consider. For example, Canada is home to various banking institutions that rank internationally as some of the most stable jobs, whether it’s a small credit union or one of Canada’s “Big Five.”
There are plenty of different branches in Alberta you can apply to, from a job at a bank in Leduc to a job at a bank in Wetaskiwin or one in Calgary. Consider the following information and benefits of joining the banking and financial sector in Alberta, Canada.
Canadian Banking Sector
When searching for employment opportunities, the most effective way to find the ideal job is by researching the statistics on an industry. The banking industry in Canada makes up an immense part of the Canadian economy and is considered one of if not the safest, most efficient banking systems in the world. There are around 8,000 banks in Canada. The group of institutions that make up the Big Five all rank in the top 35 most stable banks in the world. Stability is essential since a significant factor in making a decision on employment is job security.
No workplace is identical, and while each bank has different potential benefits, there are basic salary statistics to help you make your decision. These include:
- Average Hourly Rate: 67 CAD
- Salary Range: 44,000-287,000 CAD
- Median Salary: 140,000 CAD
- Average Salary Increment: 11% every 13 months
- Bonuses: 83% of employees get a 5-9% bonus
- Alberta Salaries: 8% more than other Canadian salaries
The Top Banks to Work at in Alberta
Of the many Alberta jobs at banks, there are some important ones to highlight–whether you’re looking for a job at a bank in Leduc or Camrose. A job at a bank in Alberta can be found amongst multiple branches in Canada’s Big Five, which include the Royal Bank of Canada (RBC), Toronto-Dominion Bank (TDB), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), and Bank of Nova Scotia (Scotiabank). RBC, TDB, and Scotiabank rank as the top employers in the country.
Expectations & Advantages
There are many positions in banking. Roles with more responsibility receive higher salaries, with executives and management positions having the highest paying salaries–along with great benefits. Entry-level roles make up the lower half of the average salary but still come with great benefits. Besides benefit packages, the other advantages of a career in banking include:
- Fulfilling career
- Job security
- Practical schedules
- Advancement opportunities
- Professional experience
- Attractive compensation
Those driven to help people will find working at a bank to be an essential public service. You don’t have to worry about banking going out of style and leaving you out of a job. The structure of this career is beneficial if you like consistent schedules with nights, weekends, and holidays guaranteed off.
There are also plenty of advancement opportunities, and banks often incentivize employees to reach more important roles. Some incentives include offering education assistance and promotions for skilled, dedicated employees. If you’re willing to apply yourself, even entry-level positions can have exceptional potential.
DFW Employment Resources
It’s essential to ensure you’re fully prepared before applying for a job at a bank in Leduc or another Alberta branch. The employment resources we provide at DFW can help you set yourself up for success when applying for banking positions. Our career development and employment services ensure you have the necessary skills and knowledge to excel in your career. We offer assistance with crafting resumes and cover letters and preparing for interviews to make you the ideal hire. Maximize your potential by working with DFW, and we’ll help you secure and retain employment.