Bank Officer Salary

The average Bank Officer in the United States earns approximately $49K per year. Most workers in this position report high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Bank Officers survey participants are largely women, dominating at 65 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$31,587 - $79,536
$32K
$49K
$80K
MEDIAN: $49,472
10%
50%
90%

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$12.96 - $38.78
$13
$18
$39
MEDIAN: $17.71
10%
50%
90%

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$0$81K
Salary $31,587 - $79,536
Bonus $306.39 - $7,830
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).
)
$30,028 - $81,983
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 63
Hourly Data $0$38
Hourly Rate $12.96 - $38.78
Overtime $22.50
Annual Data $0$81K
Bonus $306.39 - $7,830
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).
)
$30,028 - $81,983
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 13

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.

Bank Officer Job Listings

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.

Related Job Salaries

Key Stats for Bank Officer

Gender

Female
69 %
Male
31 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
Less than 1 year
5%
1-4 years
30%
5-9 years
26%
10-19 years
21%
20 years or more
17%

Experience Affects Bank Officer Salaries

Late-Career
▲9%

National Average
$49,000

Mid-Career
▼3%

Experienced
▼5%

Entry-Level
▼11%

Skills That Affect Bank Officer Salaries

National Average
$49,000

Customer Service
▼11%

Operations Management
▼15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
5%
1-4 years
30%
5-9 years
26%
10-19 years
21%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 74%
vision benefits
Vision: 57%
no benefits
None: 13%