Financial Institution Officers and Managers

There is no one method for advancement to top-level positions (i.e., treasurer, controller, vice president, president) among financial institution officers. Advancement depends on the size of the institution, the services it offers, and the qualifications of the employee. Usually, the smaller the employer, the slower the advancements.

Financial institutions often offer special training programs that take place at night, during the summer, and in some special instances during scheduled working hours. People who take advantage of these opportunities usually find that advancement comes more quickly. The American Bankers Association, for example, offers training in every phase of banking through its own facilities or the facilities of local universities and banking organizations. The length of this training may vary from six months to two years. Years of service and experience are required for a top-level financial institution officer to become acquainted with policy, operations, customers, and the community. Similarly, the National Association of Credit Management offers training and instruction.