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Banking & Finance Administration

How much can I expect to earn? 

In general, greater responsibilities result in a higher salary. Experience, length of service, and, especially, the location and size of the bank also are important. In addition to typical benefits, equity sharing and performance-based pay increasingly are part of compensation packages for some bank employees. As banks encourage employees to become more sales-oriented, incentives are increasingly tied to meeting sales goals, and some workers may even receive commissions for sales or referrals. As in other industries, part-time workers do not enjoy the same benefits that full-time workers do.


Median hourly earnings of the largest occupations in financial services firms as of May 2004

Occupation

Earnings

Financial managers

$31.02

Loan officers

21.38

First-line supervisors/managers of office and administrative support workers

17.78

Executive secretaries and administrative assistants

16.52

Loan interviewers and clerks

13.13

New accounts clerks

12.84

Customer service representatives

12.57

Bookkeeping, accounting, and auditing clerks

12.33

Office clerks, general

11.21

Tellers

10.17