When it comes to location, the highest average paycheck ($90K per year) can be spotted in Minneapolis, Minn.; Appleton, Wisc. (about $72K), Green Bay, Wisc. ($72K), and Milwaukee, Wisc. (approximately $48K) are the next top-paying cities. The highest pay by state can be found in Minnesota, where salaries average out at around $90K annually.
Earning $74K per year on average, Portfolio Managers receive the most money, followed by Senior Financial Analysts (around $62K), Bank Managers ($57K), and Banking Branch Managers ($52K). On the lower end are Personal Bankers at about $33K on average.
Years of Experience
Respondents who have been working for five to nine years make approximately $56K annually on average. For those with one to four years of experience, median paychecks reach $51K per year. Broken down by tenure, the largest share of Associated Bank Corp. employees (41 percent) have 10-19 years of experience and earn $73K annually on average.
Certifications and Degrees
Microsoft Certified Professionals have significantly higher pay than non-accredited workers at around $72K per year. Earning a Certified Anti Money Laundering Specialist certification garners significant financial rewards of $51K annually on average. At Associated Bank Corp., employees who hold a Master of Business Administration (MBA) receive the highest salaries at $71K.
The best-paying skill to have in this role appears to be Portfolio Management; employees who claim this ability report median compensation of approximately $74K per year. Financial Analysis is considered a run-of-the-mill skill; slightly less than a third of Associated Bank Corp.'s people use it regularly. Microsoft Excel, Sales Management, and Loan Underwriting were also reported by many survey participants.
Benefits and Perks
Those seeking to set aside retirement funds can rely on several savings options such as a 401(k) plan and a company pension plan. Although the firm compensates a little more than half of workers for vacation days, it only pays 35 percent for sick time. Most survey participants receive health insurance, and a solid majority of workers get dental coverage. Employees can also look forward to life insurance, a stock purchase plan, and tuition reimbursement.