How to hire a bank analyst

How to hire a bank analyst, step by step

Here's a step-by-step bank analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a bank analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new bank analyst
• Step 8: Go through the hiring process checklist

What does a bank analyst do?

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1. Identify your hiring needs

   The bank analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A bank analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, bank analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   This list shows salaries for various types of bank analysts.

   Type of Bank Analyst	Description	Hourly rate
   Bank Analyst	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$30-54
   Analyst Internship	An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement... Show more	$13-25
   Financial Analyst Internship	A financial analyst intern is responsible for supporting an organization with financial activities and tasks. Typical duties and responsibilities may include creating and analyzing financial reports, preparing financial statements, and helping with audits... Show more	$13-25

   Show more

2. Create an ideal candidate profile

   Common skills:

   • PowerPoint
   • Financial Services
   • Cash Management
   • Corporate Banking
   • Risk Management
   • Capital Markets
   • Strong Analytical
   • Due Diligence
   • Macro
   • Client Relationships
   • Securities
   • Treasury
   • Financial Models
   • Financial Institutions

   Check all skills

   Responsibilities:

   • Manage and maintain information in worldwide-military database which include exemptions, transfers, retirements, and payroll records.
   • Redesign PowerPoint reports to show more with less effort.
   • Complete formal credit training and rotations in high yield securities, private placements of debt, and middle market lending.
   • Structure and analyze cash flows for mortgage-backed securities in housing finance transactions.
   • Partner with business units to establish a collaborative relationship and cultivate an ERM culture.
   • Conduct KYC CIP reviews for domestic and foreign individual and business accounts and compare expected activity to actual activity.

   More bank analyst duties

3. Make a budget

   Including a salary range in your bank analyst job description helps attract top candidates to the position. A bank analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for a bank analyst in North Dakota may be lower than in Pennsylvania, and an entry-level bank analyst usually earns less than a senior-level bank analyst. Additionally, a bank analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average bank analyst salary

   $85,532yearly

   $41.12 hourly rate

   ---

   Entry-level bank analyst salary

   $64,000 yearly salary

   Updated December 19, 2025

   Average bank analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	Pennsylvania	$98,518	$47
   2	Michigan	$94,833	$46
   3	Arizona	$94,422	$45
   4	California	$92,169	$44
   5	Minnesota	$91,058	$44
   6	Washington	$90,104	$43
   7	New York	$90,085	$43
   8	Massachusetts	$84,798	$41
   9	Texas	$82,484	$40
   10	Oregon	$81,310	$39
   11	Nevada	$80,987	$39
   12	Hawaii	$80,407	$39
   13	Ohio	$80,100	$39
   14	North Carolina	$78,052	$38
   15	Virginia	$77,004	$37
   16	Utah	$76,881	$37
   17	Florida	$75,843	$36
   18	Illinois	$75,029	$36
   19	Georgia	$73,482	$35
   20	Colorado	$68,726	$33

   Average bank analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	BGC Partners	$119,055	$57.24	1
   2	BMO Capital Markets	$115,064	$55.32	67
   3	Invesco	$114,130	$54.87	4
   4	Cowen	$111,976	$53.83
   5	Santander Private Banking International	$111,913	$53.80	11
   6	Citicorp North America, Inc	$110,774	$53.26
   7	First Republic Bank	$109,835	$52.81
   8	HSBC Bank	$105,628	$50.78	1
   9	MUFG EMEA	$104,529	$50.25
   10	Banco Bilbao Vizcaya Argentaria	$104,218	$50.10	4
   11	Sumitomo Mitsui Financial Group	$101,091	$48.60
   12	J.P. Morgan	$100,773	$48.45
   13	Citi	$100,534	$48.33	51
   14	Barclays	$99,895	$48.03	8
   15	Morgan Stanley	$99,590	$47.88	35
   16	Lazard	$98,264	$47.24	12
   17	BNY Mellon	$96,283	$46.29	5
   18	Estée Lauder	$96,009	$46.16	2
   19	Central Pacific Bank	$93,571	$44.99	18
   20	City National Bank	$92,777	$44.60	105

4. Writing a bank analyst job description

   A bank analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a bank analyst job description:

   Bank analyst job description example

   Independently leads projects within one or more functional areas of Commercial Lending Operations and represents these areas in cross-functional, high visibility projects involving business partners outside of Commercial Lending Operations.
   Primary Responsibilities:
   Develop and produce mid-complexity departmental reports and spreadsheets, including project or product strategy analyses, historical reporting, work flow analyses and financial analyses for one or more functional areas of Commercial Lending Operations.Conduct complex analysis and judgment-based work over multiple disciplines to support Commercial Lending Operations decisions.Conduct complex data review, research, and/or reconciliation for assigned areas of Commercial Lending Operations.Lead the drafting and/or editing of procedures related to one or more functional areas of Commercial Lending Operations to maintain their currency.Lead support provided for departmental audits including user certifications and compliance testing for Commercial Lending Operations.Manage the planning, testing and implementing of new projects, systems, products and regulatory changes impacting assigned Commercial Lending Operations team(s).Lead departmental system support, coordinating with internal business partners, external vendors and Technology to address issues for assigned Commercial Lending Operations team(s).Provide functional system knowledge to colleagues within one or more functional areas of Commercial Lending Operations.Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.Promote an environment that supports diversity and reflects the M&T Bank brand.Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.Complete other related duties as assigned
   
   Education and Experience Required:
   Bachelor's degree and a minimum of 2 years' related experience,
   OR in lieu of a degree, a
   A combined minimum of 6 years' higher education and/or work experience, including a minimum of 2 years' related experience
   
   Strong analytical skills
   Strong organizational skills
   Proficiency with personal computers as well as pertinent word processing and spreadsheet software
   Strong verbal and written communication skills
   
   Education and Experience Preferred:
   Prior experience in functional areas supported
   
   Location
   Buffalo, New York, United States of America

   Copy this example

   

5. Post your job

   There are a few common ways to find bank analysts for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   To find bank analyst candidates, you can consider the following options:

   • Post your job opening on Zippia or other job search websites.
   • Use niche websites that focus on engineering and technology jobs, such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post your job on free job posting websites.

6. Interview candidates

   Recruiting bank analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new bank analyst

   Once you have selected a candidate for the bank analyst position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

   It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

   Once that's done, you can draft an onboarding schedule for the new bank analyst. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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How much does it cost to hire a bank analyst?