Bank Officer Salary

Median pay for Bank Officers in the United States is around $49K per year. Women make up a slight majority of Bank Officers (56 percent) survey respondents. A large number enjoy medical while the greater part get dental coverage. Vision coverage is also available to over one-half. Work is enjoyable for Bank Officers, who typically claim high levels of job satisfaction. This report is based on responses to the PayScale salary survey.

$30,586 - $76,237
$31K
$49K
$76K
MEDIAN: $48,748
10%
50%
90%

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$10.70 - $38.78
$11
$17
$39
MEDIAN: $17.00
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
$30,586 - $76,237  
   
Bonus
$306.39 - $5,047  
Profit Sharing
$2,160  
Commission
$12,000  
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).
)
$30,047 - $78,153  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 69
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
$10.70 - $38.78  
   
Overtime
$21.25  
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
$306.39 - $5,047  
   
Commission
$12,000  
Profit Sharing
$2,160  
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).
)
$30,047 - $78,153  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 13

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United States (change)

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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

  • Develop, implement, and manage all bank administrative and sales orientated plans and goals.
  • Promotes business development and customer service standards.
  • Drives sales and loan quotas.

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Pay by Experience Level for Bank Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Relatively untried employees who have less than five years' experience make $43K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $49K. After working for 10 to 20 years, Bank Officers make a median salary of $49K. Seasoned veterans with 20 years under their belts enjoy a median income of $53K.

Related Job Salaries

Key Stats for Bank Officer

Gender

Female
56 %
Male
44 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.
Less than 1 year
5%
1-4 years
28%
5-9 years
24%
10-19 years
26%
20 years or more
17%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Bank Officer Salaries

Late-Career
▲14%

Mid-Career
▲4%

Experienced
▲4%

National Average
$47,000

Entry-Level
▼8%

Skills That Affect Bank Officer Salaries

National Average
$47,000

Customer Service
▼6%

Operations Management
▼11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
5%
1-4 years
28%
5-9 years
24%
10-19 years
26%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 67%
vision benefits
Vision: 53%
dental benefits
None: 12%
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