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Bank Officer Salary (United States)

Pay for Bank Officers in the United States sits in the ballpark of $43K annually. Job satisfaction is high and work is enjoyable for most Bank Officers. Women Bank Officers who took the survey just slightly outnumber men. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.
Bank Officer Salary (?
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.
)
$33,108 - $70,220
(Median)
33K
57K
70K
MEDIAN: $43,421
10%
75%
90%
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National Salary 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$25K$50K$75K
Salary
$33,108 - $70,220  
   
Bonus
$0.00 - $6,638  
Profit Sharing
$983 - $2,035  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,423 - $72,074  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 99
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Job Description for Bank Officer

Bank officers are in charge of daily bank operations and conducting interactions with customers to increase overall business satisfaction. Most of the time, bank officers work independently to sell bank products to existing and prospective customers. They help perform regular audits with other officers, assist the bank manager with customer-calling initiatives, help with employee coaching sessions, and assist with training duties. They also open a variety of accounts for clients, as well as participate in seminars that will increase their customer service skills. Additional tasks that bank officers perform include paying and receiving money transfers on behalf of clients, ensuring compliance of operational regulations, and following strict privacy rules. Bank officers also receive loan applications and submit them for further review, as well as generate new business through direct mailings, business calls, and telemarketing. Additionally, they complete necessary documentation that other financial institutions require for foreign transfers. One of their main tools include a personal computer that access client information, financial balances, and make adjustments to customer accounts.
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Bank Officer Tasks
  • Drives sales and loan quotas.
  • Promotes business development and customer service standards.
  • Develop, implement, and manage all bank administrative and sales orientated plans and goals.

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Pay by Experience Level for Bank Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Salaries for inexperienced workers average out to $44K, and those with five to 10 years' experience earn a higher median of $41K. After working for 10 to 20 years, Bank Officers make a median salary of $52K. For some reason, Bank Officers with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $51K.
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Experience Affects Bank Officer Salaries

Experienced
up arrow 17%
Late-Career
up arrow 15%
National Average
$44,000
Mid-Career
up arrow 1%
Entry-Level
up arrow 8%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 31 votes.

Gender

Female
59%
female alumni
 
Male
41%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
20%
5-9 years
35%
10-19 years
24%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 75%
vision benefits Vision: 59% employee benefits None: 9%