The average salary for a Bank Officer is $42,601 per year.
Bank Officer Total Pay (?
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.
)
$31,490 - $67,988
(Median)
31K
43K
58K
68K
MEDIAN: $42,601
10%
50%
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$24K$48K$72K
Salary
$31,490 - $67,988  
   
Bonus
$0.00 - $8,054  
Commission
$250.00 - $9,500  
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).
)
$32,038 - $71,690  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 94
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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.

Experience Affects Bank Officer Salaries

Late-Career
up arrow 34%
Mid-Career
0%
National Average
$43,000
Entry-Level
up arrow 7%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 27 votes.
Gender
Female
57%
female alumni
 
Male
43%
male alumni
Years of Experience
Less than 1 year
4%
1-4 years
18%
5-9 years
35%
10-19 years
27%
20 years or more
16%
Common Health Benefits
medical benefits Medical: 86% dental benefits Dental: 74%
vision benefits Vision: 60% employee benefits None: 10%
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