Bank Officer Salary

An average Bank Officer in the United States can expect to take home roughly $44K annually. Medical benefits are awarded to most, and a strong majority earn dental coverage. Women Bank Officers who took the survey just slightly outnumber men. Most Bank Officers like their work and job satisfaction is high. This report is based on responses to the PayScale salary survey.

$32,046 - $76,831
(Median)
$32K
$44K
$77K
MEDIAN: $44,056
10%
50%
90%

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$10.29 - $22.67
(Median)
$10
$16
$23
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27K$54K$81K
Salary
$32,046 - $76,831  
   
Bonus
$0.00 - $7,891  
Profit Sharing
$2,000  
Commission
$6,250  
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).
)
$30,160 - $78,495  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 96
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$10.29 - $22.67  
   
Overtime
$19.50  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $7,891  
   
Commission
$6,250  
Profit Sharing
$2,000  
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).
)
$30,160 - $78,495  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 15
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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.


Experience and pay tend to be weakly linked for Bank Officers — those with more experience do not necessarily bring in higher earnings. People who have worked for fewer than five years bring home $42K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $45K. People with 10 to 20 years of experience make an average of about $50K in this role. People who have worked for more than 20 years report a median income no higher than the median for folks with 10 to 20 years of experience.

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Experience Affects Bank Officer Salaries

Late-Career
up arrow 14%

Experienced
up arrow 13%

Mid-Career
up arrow 1%

National Average
$44,000

Entry-Level
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
5%
1-4 years
25%
5-9 years
37%
10-19 years
17%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 76%
medical benefits
Vision: 64%
dental benefits
None: 9%
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