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Banking salaries
Banking salary estimate
$68,832yearly
Understanding Banking Salaries
In the banking industry, salaries can vary widely depending on the role, department, and experience level. The average salary at Banking is reported to be $68,832, but this number does not reflect the significant differences found among various positions within the organization.
Highest Paying Jobs
Top earners in the banking sector include investment bankers, who earn an average of $179,435, and bank directors, who see an average salary of $128,927. Senior software engineers also command high salaries, averaging around $124,175. In contrast, entry-level roles, such as loan clerks, earn significantly less, with an average salary of $25,987.
Salary by Department
Employees in the engineering department earn the highest average salaries at $96,405, while business development roles follow closely at $93,455. Conversely, customer service and retail positions see much lower salaries, averaging $31,737 and $33,683, respectively. Understanding these figures can help job seekers navigate their career paths more effectively.
Finally, comparing salaries at Banking with competitors reveals that firms like First Republic Bank offer the highest average salaries at $108,055, followed by Redwood Trust at $99,372 and Mark-It at $98,072. This wealth of information can guide you in your job search.
Highest paying jobs at Banking
The highest paying jobs at Banking are investment banker, director, senior software engineer, and solutions architect. Investment banker jobs at Banking earn an average yearly salary of $179,435, Banking director jobs average $128,927, and Banking senior software engineer jobs average $124,175.
The lowest paying Banking roles include loan clerk and project team member. Banking loan clerk average salary is $25,987 per year. So while the average Banking salary is $68,832 there is a big variation in pay depending on the role.
Highest paying jobs at Banking
| Rank | Job title | Average Banking salary | Hourly rate |
|---|---|---|---|
| 1 | Investment Banker | $179,435 | $86.27 |
| 2 | Director | $128,927 | $61.98 |
| 3 | Senior Software Engineer | $124,175 | $59.70 |
| 4 | Solutions Architect | $109,711 | $52.75 |
| 5 | ETL Lead | $107,455 | $51.66 |
| 6 | Associate Attorney | $103,495 | $49.76 |
| 7 | Team Leader | $98,501 | $47.36 |
| 8 | Database Developer/Database Administrator | $95,188 | $45.76 |
| 9 | Accounting Manager | $90,936 | $43.72 |
| 10 | Software Developer | $88,350 | $42.48 |
| 11 | Web Sphere Administrator | $88,168 | $42.39 |
| 12 | Quality Assurance Tester | $84,863 | $40.80 |
| 13 | Test Engineer | $83,568 | $40.18 |
| 14 | Quality Assurance Analyst | $80,816 | $38.85 |
| 15 | Systems Analyst | $78,397 | $37.69 |
| 16 | Programmer | $75,133 | $36.12 |
| 17 | Senior Staff Accountant | $65,007 | $31.25 |
| 18 | Supervisor | $61,409 | $29.52 |
| 19 | Compliance Officer | $59,037 | $28.38 |
| 20 | Consultant | $57,903 | $27.84 |
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Banking salaries by department
Salaries at Banking vary depending on the department you work in. Banking salaries in the engineering department are the highest with an average salary of $96,405. Employees in the business development department at Banking receive relatively high salaries as well, with an average salary of $93,455 per year. Departments that don't pay as well at Banking include the customer service and the retail organizational functions, with employees earning average salaries of $31,737 and $33,683, respectively.
Average Banking salary by department
| Rank | Department | Average Banking salary | Hourly rate |
|---|---|---|---|
| 1 | Engineering | $96,405 | $46.35 |
| 2 | Business Development | $93,455 | $44.93 |
| 3 | Marketing | $90,564 | $43.54 |
| 4 | Legal | $87,272 | $41.96 |
| 5 | IT | $85,262 | $40.99 |
| 6 | Plant/Manufacturing | $75,447 | $36.27 |
| 7 | Accounting | $68,869 | $33.11 |
| 8 | Human Resources | $61,882 | $29.75 |
| 9 | Sales | $61,665 | $29.65 |
| 10 | Finance | $52,915 | $25.44 |
| 11 | Administrative | $43,256 | $20.80 |
| 12 | Retail | $33,683 | $16.19 |
| 13 | Customer Service | $31,738 | $15.26 |
How much does Banking pay by department?
Best paying Banking engineering salaries
| Rank | Position | Average Banking salary | Hourly rate |
|---|---|---|---|
| 1 | Design Director | $140,929 | $67.75 |
| 2 | Senior Software Engineer | $124,175 | $59.70 |
| 3 | Project Manager/Test Manager | $120,522 | $57.94 |
| 4 | ETL Lead | $107,455 | $51.66 |
| 5 | Senior SAP Fico Consultant | $97,780 | $47.01 |
| 6 | Database Developer/Database Administrator | $95,188 | $45.76 |
| 7 | Software Developer | $88,350 | $42.48 |
| 8 | Web Sphere Administrator | $88,168 | $42.39 |
| 9 | Test Engineer | $83,568 | $40.18 |
| 10 | Data Analyst | $75,765 | $36.43 |
| 11 | Programmer Analyst | $73,297 | $35.24 |
| 12 | Architect | $72,890 | $35.04 |
| 13 | Web Development Consultant | $65,534 | $31.51 |
| 14 | Project Team Member | $27,103 | $13.03 |
Best paying Banking finance salaries
| Rank | Position | Average Banking salary | Hourly rate |
|---|---|---|---|
| 1 | Group Controller | $90,357 | $43.44 |
| 2 | Banking Associate | $89,861 | $43.20 |
| 3 | Business & Finance Analyst | $74,872 | $36.00 |
| 4 | Project Analyst | $72,180 | $34.70 |
| 5 | Credit And Collection Manager | $66,898 | $32.16 |
| 6 | Bank Officer | $64,198 | $30.86 |
| 7 | Wealth Management Internship | $59,422 | $28.57 |
| 8 | Consultant | $57,903 | $27.84 |
| 9 | Banking Supervisor | $54,185 | $26.05 |
| 10 | Branch Manager | $48,377 | $23.26 |
| 11 | Loan Officer | $42,000 | $20.19 |
| 12 | Senior Personal Banker | $38,420 | $18.47 |
| 13 | Bank Specialist | $36,574 | $17.58 |
| 14 | Mortgage Service Specialist | $36,105 | $17.36 |
| 15 | Finance Service Representative | $33,635 | $16.17 |
| 16 | Junior Processor | $33,026 | $15.88 |
| 17 | Mortgage Banker | $28,994 | $13.94 |
| 18 | Loan Clerk | $25,988 | $12.49 |
Best paying Banking retail salaries
| Rank | Position | Average Banking salary | Hourly rate |
|---|---|---|---|
| 1 | Store Manager | $50,044 | $24.06 |
| 2 | Assistant Manager | $42,774 | $20.56 |
| 3 | Cage/Vault Supervisor | $36,697 | $17.64 |
| 4 | Call Center Supervisor | $29,460 | $14.16 |
| 5 | Retail Specialist | $29,144 | $14.01 |
| 6 | Teller | $28,854 | $13.87 |
| 7 | Cashier | $27,282 | $13.12 |
| 8 | Cash Register Operator | $25,867 | $12.44 |
Banking competitors’ average salaries
Average salaries at Banking competitors, like First Republic Bank, Redwood Trust, and Mark-It, vary. First Republic Bank employees earn the highest salaries, with an average yearly salary of $108,055. The average salary at Redwood Trust is $99,372 per year, and the average salary at Mark-It is $98,072 per year.
Highest paying Banking competitors
| Rank | Company name | Zippia score | Average salary |
|---|---|---|---|
| 1 | First Republic Bank | 4.6 | $108,055 |
| 2 | Redwood Trust | 3.7 | $99,372 |
| 3 | Mark-It | 4.7 | $98,072 |
| 4 | Invesco | 4.6 | $96,202 |
| 5 | Western Asset Management | 4.8 | $96,201 |
| 6 | ING USA Holding Corporation | 4.4 | $93,332 |
| 7 | FHLBank Chicago | 4.6 | $93,053 |
| 8 | ABN AMRO Chicago Corporation | 4.4 | $92,764 |
| 9 | Royal Bank of Canada | 4.3 | $88,958 |
| 10 | Lloyds TSB Bank | 4.7 | $84,837 |
| 11 | Brandes Investment Partners | 4.7 | $84,191 |
| 12 | Council of Federal Home Loan Banks | 4.9 | $80,194 |
| 13 | Mercedes-Benz Financial Services USA | 4.7 | $77,305 |
| 14 | Kaspick & Company | 4.1 | $76,777 |
| 15 | Federated Investors | 4.6 | $74,932 |
| 16 | Jpm | 4.6 | $70,835 |
| 17 | Kennebec Savings Bank | 3.3 | $59,509 |
| 18 | Oklahoma State Bank | 4.0 | $57,575 |
| 19 | Village Bank & Trust | 4.2 | $55,987 |
| 20 | Bank of Scotland | 4.5 | $48,315 |
Frequently asked questions about Banking salaries
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Zippia gives an in-depth look into the details of Banking, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Banking. The employee data is based on information from people who have self-reported their past or current employments at Banking. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Banking. The data presented on this page does not represent the view of Banking and its employees or that of Zippia.
Banking may also be known as or be related to Banking.