Bank Officer Salary
The average Bank Officer in the United States earns approximately $49K per year. The majority of Bank Officers claim high levels of job satisfaction. Women make up a slight majority of Bank Officers (57 percent) survey respondents. A fair number enjoy medical while the larger part get dental coverage. Vision coverage is also available to more than two-fifths. This snapshot results from replies to PayScale's salary survey.
|Salary||$30,357 - $75,118|
|Bonus||$295.90 - $5,022|
|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).)
|$29,842 - $75,670|
|Hourly Rate||$10.65 - $39.15|
|Bonus||$295.90 - $5,022|
|Total Pay (||$29,842 - $75,670|
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.Read More...
A high school diploma or equivalent is required for this position, although a bachelor's degree in finance, business, or similar field is generally preferred. Bank officers must work well in a team environment to achieve all the institutional goals. They should also have strong communication skills and interact in a professional manner with all customers. They should be proficient with basic office software to make proposals and be able to process documents and keep detailed records of financial transactions.
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.
Pay by Experience Level for Bank Officer
Pay by Experience for a Bank Officer has a positive trend. An entry-level Bank Officer with less than 5 years of experience can expect to earn an average total compensation of $44,000 based on 37 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Bank Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 24 salaries. An experienced Bank Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $47,000 based on 23 salaries. A Bank Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $53,000 based on 12 salaries.
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Key Stats for Bank Officer
Rated 5 out of 5
based on 12 votes.