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Bank Officer Salary

The average Bank Officer in the United States earns approximately $44K annually. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. Most Bank Officers like their work and job satisfaction is high. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. The data for this synopsis comes from respondents who took the PayScale salary survey.

$33,320 - $74,890
(Median)
$33K
$44K
$75K
MEDIAN: $43,863
10%
50%
90%

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$10.21 - $24.47
(Median)
$10
$17
$24
MEDIAN: $17.00
10%
50%
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$26K$52K$78K
Salary
$33,320 - $74,890  
   
Bonus
$-0.49 - $6,411  
Profit Sharing
$1,008 - $2,056  
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).
)
$32,441 - $77,249  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 102
National Hourly Rate 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$13$26$39
Hourly Rate
$10.21 - $24.47  
   
National Annualized 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$26K$52K$78K
Bonus
$-0.49 - $6,411  
   
Profit Sharing
$1,008 - $2,056  
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).
)
$32,441 - $77,249  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 12
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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.


Folks with fewer than five years of experience take home $41K on average, and those who have worked for five to 10 years see a bigger median salary of $45K. People with 10 to 20 years of experience make an average of about $54K in this role. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Bank Officers report making only $51K on average.

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Bank Officer Salaries

Experienced
up arrow 20%

Late-Career
up arrow 14%

Mid-Career
up arrow 1%

National Average
$44,000

Entry-Level
up arrow 8%

Job Satisfaction

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

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
4%
1-4 years
22%
5-9 years
35%
10-19 years
23%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 75%
vision benefits Vision: 62% employee benefits None: 7%
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