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Bank Officer Salary

Bank Officers in the United States can expect wages of $44K annually on average. Job satisfaction for Bank Officers is high. Women make up a slight majority of Bank Officers (56 percent) survey respondents. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The data in this summary comes from the PayScale salary survey.

$33,247 - $73,936
(Median)
$33K
$44K
$74K
MEDIAN: $43,501
10%
50%
90%

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$10.30 - $24.24
(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
$33,247 - $73,936  
   
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: 31 Mar 2015 | Individuals Reporting: 101
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
$10.30 - $24.24  
   
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: 31 Mar 2015 | Individuals Reporting: 13

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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.


Relatively untried employees who have fewer than five years of experience earn around $41K on average. People who have worked for five to 10 years can expect a higher median salary of $45K. On average, Bank Officers make $54K following one to two decades on the job. Bank Officers who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $51K.

United States (change)

Experience Affects Bank Officer Salaries

Experienced
up arrow 22%

Late-Career
up arrow 15%

Mid-Career
up arrow 2%

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
21%
5-9 years
34%
10-19 years
24%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 74%
vision benefits Vision: 63% employee benefits None: 9%