A bank officer is an individual who is a bank employee and performs a variety of duties including notarizing documents, managing loan applications, processing client requests, and generating progress reports for upper management. These individuals are typically bank branch managers, assistant managers, or loan officers, and oversee daily banking operations.

Bank officers work to ensure bank efficiency and client satisfaction, as well as work to resolve customer issues and complaints. A bank officer also mentors staff and provides training and mentorship when needed.

Most bank officers have a high school diploma or equivalent, however, some may have a bachelor's degree in accounting, business, or finance. These individuals should be knowledgeable of all aspects of banking operations and should be adept at managing staff. A bank office should possess strong customer service, communication, finance, and organizational skills, and should also be comfortable training staff and resolving client complaints. Depending on the bank, a bank officer can make up to $75,000 per year, and the career field is expected to grow 8% in the next 10 years.

What Does a Bank Officer Do

There are certain skills that many bank officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed interpersonal skills, initiative and detail oriented.

Learn more about what a Bank Officer does

How To Become a Bank Officer

If you're interested in becoming a bank officer, one of the first things to consider is how much education you need. We've determined that 69.8% of bank officers have a bachelor's degree. In terms of higher education levels, we found that 12.5% of bank officers have master's degrees. Even though most bank officers have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Bank Officer

Bank Officer Career Paths

Average Salary for a Bank Officer

Bank Officers in America make an average salary of $79,562 per year or $38 per hour. The top 10 percent makes over $110,000 per year, while the bottom 10 percent under $57,000 per year.
Average Bank Officer Salary
$79,562 Yearly
$38.25 hourly

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Roles and Types of Bank Officer

The role of a bank officer includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general bank officer responsibilities:

  • Manage client and partner expectations and understanding in a consultative way exhibit ownership of kyc/aml experience
  • Increase the bank s profitability by cultivating new business relationships. Maintain
  • Achieving quarterly/annual goals through business generation of commercial loans including c&i;, cre, multifamily, sba, total deposits including commercial dda, wealth management products

There are several types of bank officer, including:

Loan Officer

Role:

If you want to be in charge of whether people are issued loans or not, then becoming a loan officer is a great place to start. Most generally, your day will consist of evaluating, authorize and even recommending approval for people or businesses that have submitted a loan application.

While movies generally paint loan officers in a bad light, these people are just doing their jobs. The majority of the time, the people asking for a loan don't even qualify. For the most part, loan officers work in banks and other financial institutions. And it's recommended that you earn a bachelor's degree. But the majority of your education will come from learning on-the-job. You'll be turning loans down left and right after no time!
  • Average Salary: $45,817
  • Degree: Bachelor's Degree

Underwriter

Role:

An underwriter decides who gets insurance cover. Your role will be studying insurance proposals, studying the background information of the clients, and deciding how much should be paid out. You will be liaising with professionals and those specialized to help judge the risk assessment. By doing so, you will write policies and add specific conditions when required. Similarly, you will be involved in negotiating terms with the clients. In addition, you will select the appropriate and competitive premiums based on information and judgment and deciding whether the risk should be shared.

Employers will always look out for graduates, most especially in the field of accounting, finance, business, and management. You must be able to use your initiative, have good negotiating skills, and be a great communicator. Skills required also include good judgment and a great decision-maker, especially when under pressure. Knowledge of technical information is also an added advantage. You will earn an average of $68,217 yearly or $32.8 hourly.
  • Average Salary: $61,751
  • Degree: Bachelor's Degree

Mortgage Consultant

Role:

A mortgage consultant helps customers and businesses identify the best option for mortgage deals considering their financial resources. With their knowledge of the company's products, he/she answers all the queries and concerns of the clients. He/She assists the client in gathering and analyzing documents that are required for loan approval and helps them create accurate mortgage information. Additionally, he/she builds relationships with banks and real estate agents to help promote bank mortgages for clients. Lastly, he/she negotiates rates and terms with lenders to aid the refinancing of existing mortgages.

Becoming a mortgage consultant requires just a high school diploma and a license. However, if you want to specialize in commercial mortgages, you need a bachelor's degree in economics or finance. Having relevant certifications is a plus. You must possess analytical, negotiation, and communication skills. Mortgage consultants make an average salary of $40,264 annually, equivalent to $19.36 per hour. This varies from $28,000 to $56,000.
  • Average Salary: $38,934
  • Degree: Bachelor's Degree

States With The Most Bank Officer Jobs

Mouse over a state to see the number of active bank officer jobs in each state. The darker areas on the map show where bank officers earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Bank Officer Jobs By State

RankStateNumber of JobsAverage Salary
1Texas2,439$81,077
2Illinois1,962$72,292
3New York1,786$87,014
4California1,526$66,212
5Georgia1,466$69,185
6Massachusetts1,454$81,512
7Virginia1,423$70,979
8Pennsylvania1,377$69,814
9North Carolina1,306$81,207
10Ohio1,208$74,054
11Minnesota1,205$84,985
12Arizona1,156$65,571
13Michigan1,115$76,336
14New Jersey1,064$90,171
15Colorado1,015$78,362
16Maryland950$90,448
17Washington946$93,284
18Indiana892$62,365
19Florida876$63,452
20Missouri737$71,084
21Wisconsin730$69,266
22Tennessee653$66,096
23Alabama574$59,935
24South Carolina528$79,725
25Iowa528$67,234
26Oregon485$80,761
27Kentucky444$73,342
28Connecticut443$80,738
29Kansas415$71,813
30Oklahoma384$73,090
31Louisiana384$66,304
32Idaho368$68,102
33Nevada365$62,021
34Mississippi327$57,722
35Arkansas322$90,728
36Nebraska315$74,928
37New Mexico253$91,442
38New Hampshire205$81,348
39Maine197$96,953
40Utah195$60,748
41West Virginia185$75,079
42Rhode Island182$87,776
43South Dakota158$92,003
44North Dakota155$77,543
45Vermont116$88,445
46Delaware61$65,356
47Wyoming59$80,533
48Hawaii53$88,507
49Montana47$81,490
50Alaska26$67,572

Bank Officer Education

Bank Officer Majors

32.7 %
19.2 %

Bank Officer Degrees

Bachelors

69.8 %

Masters

12.5 %

Associate

9.8 %

Top Colleges for Bank Officers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

Admissions
Most Popular Majors
Education
Finance
Business
Economics
Political Science

2. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

Admissions
Most Popular Majors
Business
Economics
Communication
Psychology
Education

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

Admissions
Most Popular Majors
Business
Computer Science
Education
Communication
Accounting

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition

$9,808

Enrollment

13,990

Admissions
Most Popular Majors
Economics
Accounting
Psychology
Computer Science
Business

5. Villanova University

Villanova, PA • Private

In-State Tuition

$53,308

Enrollment

6,819

Admissions
Most Popular Majors
Business
Finance
Communication
Accounting
Marketing

6. San Diego State University

San Diego, CA • Private

In-State Tuition

$7,488

Enrollment

30,018

Admissions
Most Popular Majors
Business
Education
Psychology
Criminal Justice
Communication

7. Bentley University

Waltham, MA • Private

In-State Tuition

$49,880

Enrollment

4,177

Admissions
Most Popular Majors
Accounting
Finance
Business
Marketing
Business/Commerce

8. Boston University

Boston, MA • Private

In-State Tuition

$53,948

Enrollment

17,238

Admissions
Most Popular Majors
Business
Education
Communication
Economics
Computer Science

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition

$9,625

Enrollment

17,407

Admissions
Most Popular Majors
Business
Psychology
Education
Economics
Political Science

10. New York University

New York, NY • Private

In-State Tuition

$51,828

Enrollment

26,339

Admissions
Most Popular Majors
Business
Education
Economics
Psychology
Political Science

Top Skills For a Bank Officer

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 13.9% of bank officers listed customer service on their resume, but soft skills such as interpersonal skills and initiative are important as well.

  • Customer Service, 13.9%
  • Real Estate, 6.6%
  • Business Development, 5.3%
  • Bank Products, 4.6%
  • Client Relationships, 3.9%
  • Other Skills, 65.7%

Choose From 10+ Customizable Bank Officer Resume templates

Zippia allows you to choose from different easy-to-use Bank Officer templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Bank Officer resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Bank Officer Demographics

Bank Officer Gender Distribution

Male
Male
51%
Female
Female
49%

After extensive research and analysis, Zippia's data science team found that:

  • Among bank officers, 49.2% of them are women, while 50.8% are men.

  • The most common race/ethnicity among bank officers is White, which makes up 63.3% of all bank officers.

  • The most common foreign language among bank officers is Spanish at 42.6%.

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Best States For a Bank Officer

Some places are better than others when it comes to starting a career as a bank officer. The best states for people in this position are Maine, Washington, South Dakota, and New Mexico. Bank officers make the most in Maine with an average salary of $96,953. Whereas in Washington and South Dakota, they would average $93,284 and $92,003, respectively. While bank officers would only make an average of $91,442 in New Mexico, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Maine

Total Bank Officer Jobs: 197
Highest 10% Earn:
$135,000
Location Quotient:
1.21

2. South Dakota

Total Bank Officer Jobs: 158
Highest 10% Earn:
$123,000
Location Quotient:
1.2

3. Vermont

Total Bank Officer Jobs: 116
Highest 10% Earn:
$124,000
Location Quotient:
1.23
Full List Of Best States For Bank Officers

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Top Bank Officer Employers

Most Common Employers For Bank Officer

RankCompanyAverage SalaryHourly RateJob Openings
1Citi$92,505$44.4739
2BNY Mellon$85,102$40.9123
3Standard Chartered$81,910$39.3812
4Southern$81,866$39.3615
5Fifth Third Bank$81,424$39.1513
6Prosperity Bank$76,591$36.8218
7M&T Bank$76,334$36.7079
8Capital One$73,348$35.2622
9SouthTrust Bank$73,278$35.2315
10BB&T$71,750$34.5042

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