Effective Banking Job Motivation

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Banking Salaries

Posted in Bank Careers  by editor
May 9th, 2008

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If you want to take up a career in banking and you’re curious about the pay, read these statistics. According to studies done during 1998, the average annual earnings of bank employees are between $20,990 up to $82,270. The earnings of those working in commercial banks, mortgages, savings institutions, personal credit institutions and credit unions are the following:

Commercial Banks: $36,400
Mortgage Bankers and Brokers: $34,700
Savings Institutions: $34,700
Personal Credit Institutions: $26,800
Credit Unions: $25,300

For loan officers, the salary varies and is based on the number of loans they originate. Some institutions pay salaries only while others add a bonus. The pay varies according to the firm and the amount of job done; but to be sure you could check salary calculators available online.


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