Bank Officer Salary

The average Bank Officer in the United States earns approximately $44K per year. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. Most workers in this position report high levels of job satisfaction. Women make up a slight majority of Bank Officers (55 percent) survey respondents. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$32,639 - $75,212
(Median)
$33K
$44K
$75K
MEDIAN: $43,725
10%
50%
90%

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$10.48 - $23.50
(Median)
$10
$16
$24
MEDIAN: $16.00
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
$32,639 - $75,212  
   
Bonus
$0.00 - $6,500  
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).
)
$30,844 - $77,243  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 99
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
$10.48 - $23.50  
   
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
$0.00 - $6,500  
   
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).
)
$30,844 - $77,243  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 14
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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.


Average salaries for inexperienced employees average out to around $40K, but folks who have five to 10 years of experience earn a higher median of $46K. Bank Officers claiming one to two decades of experience make an estimated median of $53K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $51K on average.

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Experience Affects Bank Officer Salaries

Experienced
up arrow 20%

Late-Career
up arrow 15%

Mid-Career
up arrow 5%

National Average
$44,000

Entry-Level
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
4%
1-4 years
26%
5-9 years
34%
10-19 years
20%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 78%
vision benefits Vision: 65% employee benefits None: 7%
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