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Bank Officer Salary

An average Bank Officer in the United States can expect to take home roughly $44K per year. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. Women make up a slight majority of Bank Officers (56 percent) survey respondents. Participants in PayScale's salary questionnaire provided the particulars of this report.

$33,320 - $73,826
(Median)
$33K
$44K
$74K
MEDIAN: $43,594
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 - $73,826  
   
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 - $76,064  
Country: United States | Currency: USD | Updated: 2 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 - $76,064  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 12

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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

  • 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 $41K, but folks who have five to 10 years of experience earn a higher median of $45K. For Bank Officers, 10 to 20 years of experience on the job amounts to an average salary of $52K. Bank Officers who claim more than two decades of experience actually make somewhat smaller average paychecks of $50K.

United States (change)

Experience Affects Bank Officer Salaries

Experienced
up arrow 18%

Late-Career
up arrow 13%

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
24%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 75%
vision benefits Vision: 62% employee benefits None: 8%
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