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Average Salary for First Niagara Bank Employees

Operating out of Lockport, N.Y., savings institutions company First Niagara Bank employs talent in positions ranging from Banking Branch Manager to Financial Analyst. Compensation for First Niagara Bank employees is around $53K annually on average. Though how long you've been working and your role at the company are influential salary factors for those at First Niagara Bank, your city turns out to have the greatest impact on paycheck size. This overview is based on answers to PayScale's salary questionnaire.

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How This Employer Pays

First Niagara Bank typically pays:
-4%
below market

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Employer: First Niagara Bank
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$34K$68K$102K
[-]Customer Service Representative (CSR) (4)
$23,538 - $54,157  
   
[-]Customer Service Representative (CSR) (4)
Total Pay$23,538 - $54,157  
   
[+]Branch Manager, Banking (4)
$40,001 - $87,893  
   
[+]Branch Manager, Banking (4)
Salary$40,110 - $78,641  
   
Bonus$2,356 - $18,516  
Total Pay$40,001 - $87,893  
[+]Senior Financial Analyst (3)
$48,487 - $86,631  
   
[+]Senior Financial Analyst (3)
Salary$45,311 - $78,472  
   
Bonus$2,135 - $16,999  
Total Pay$48,487 - $86,631  
[+]Vice President & Branch Manager, Banking (3)
$53,960 - $99,755  
   
[+]Vice President & Branch Manager, Banking (3)
Salary$48,933 - $90,553  
   
Bonus$2,114 - $16,145  
Total Pay$53,960 - $99,755  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 30 Mar 2015 | Individuals Reporting: 46

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About This Company

Lockport, New York 

1870

Savings institutions, Not Federally Chartered, Finance


Freebase CC-BY Source: Freebase, licensed under CC-BY

Locations

Residents of Hartford, Conn. pick up paychecks that are higher than any other city — the median salary is $122K per year; other top-paying cities include Pittsburgh, Pa. (about $115K) and Buffalo, N.Y. ($56K). By state, First Niagara Bank pays its Connecticut employees the most; the pay rate there is $98K annually.

Years of Experience

Workers who have been with the company for more than one year but less than five can make around $54K per year on average. Survey participants who have worked at First Niagara Bank for between five and 10 years earn approximately $55K annually on average. When we consider tenure, a substantial portion of employees (26 percent) have been working for 20 years or more and make $69K per year on average.

Jobs

Senior Business Analysts represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $87K annually — though Bank VPs & Branch Managers, Financial Analysts, and Banking Branch Managers also do fairly well at around $60K, $60K, and about $59K, respectively. Near the bottom at First Niagara Bank are Senior Financial Analysts, pulling in an average of just approximately $54K.

Certifications and Degrees

Monetary compensation comes to $57K per year for Certified Public Accountants, far surpassing the earnings of non-credentialed workers. First Niagara Bank workers who hold a Master of Business Administration (MBA) are also well compensated, earning about $64K on average.

Skills

The highest-paying skill in this position seems to be Business Intelligence; individuals who report it as part of the repertoire have a median income of approximately $100K annually. Financial Analysis also popped up often in the survey as an important skill; close to one-fifth of employees surveyed report using it at work. Data Analysis, Accounting, and Microsoft Excel are also desirable skills.

Benefits and Perks

A 401(k) program is available, and almost all workers use it to save for retirement. A strong majority of employees receive health insurance, and a little over a half of workers get dental coverage. Other privileges include life insurance, a company cell phone, flexible hours, a casual working environment, and tuition reimbursement.

Key Stats for First Niagara Bank

Gender

Female
59 %
Male
41 %
Salary
$46,469 - $62,145
Salary
$37,330 - $111,038
Less than 1 year
2%
1-4 years
28%
5-9 years
22%
10-19 years
30%
20 years or more
17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.
United States (change)

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