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Career and Education Opportunities for Banking Managers in Illinois

Illinois has a population of 12,910,409, which has grown by 3.95% over the past 10 years. Nicknamed the "Land of Lincoln," its capital is Springfield, though its most populous city is Chicago.

There are currently 19,900 jobs for banking managers in Illinois and this is projected to grow 11% to 22,060 jobs by 2016. This is better than the nation as a whole, where employment opportunities for banking managers are expected to grow by about 7.7%. In general, banking managers direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.

Banking managers earn about $50 hourly or $104,850 yearly on average in Illinois and about $47 per hour or $99,330 per year on average nationally. Incomes for banking managers are better than in the overall category of Financial in Illinois, and better than the overall Financial category nationally. Banking managers work in a variety of jobs, including: lending manager, banking center manager , and investment officer.

In 2008, there were a total of 7,657,328 jobs in Illinois. The average annual income was $42,540 in 2008, up from $41,720 the previous year. The unemployment rate in Illinois was 10.1% in 2009, which has grown by 3.7% since the previous year. Approximately 26.1% of Illinois residents have college degrees, which is higher than the national average.

The top industries in Illinois include construction machinery merchant wholesalers, beer, wine, and distilled alcoholic beverage merchant wholesalers, and nonchocolate confectionery manufacturing. Notable tourist destinations include the Chicago Peregrine Release, the Edgewater Historical Society, and the Arts Club of Chicago.

CITIES WITH Banking Manager OPPORTUNITIES IN Illinois


JOB DESCRIPTION: Banking Manager

In general, banking managers direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.

Every day, banking managers are expected to be able to listen to and understand others in meetings. They need to articulate ideas and problems. It is also important that they read and understand documents and reports.

Similar jobs with educational opportunities in Illinois include:

  • Administrator. Plan, direct, or coordinate supportive services of an organization, such as recordkeeping, mail distribution, telephone operator/receptionist, and other office support services. May oversee facilities planning and maintenance and custodial operations.
  • Comptroller. Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
  • Purchasing Manager. Plan, direct, or coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products, and services.

LOCATION INFORMATION: Illinois

Illinois
Illinois photo by Hary Han

Illinois has a population of 12,910,409, which has grown by 3.95% in the last 10 years. Nicknamed the "Land of Lincoln," its capital is Springfield, though its largest city is Chicago. In 2008, there were a total of 7,657,328 jobs in Illinois. The average annual income was $42,540 in 2008, up from $41,720 in 2007. The unemployment rate in Illinois was 10.1% in 2009, which has grown by 3.7% since the previous year. Roughly 26.1% of Illinois residents have college degrees, which is higher than the national average.

The top industries in Illinois include construction machinery merchant wholesalers, beer, wine, and distilled alcoholic beverage merchant wholesalers, and nonchocolate confectionery manufacturing. Notable tourist attractions include the Chicago Peregrine Release, the Dusable Museum of African American History, and the Chinatown Museum Foundation.