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Branch banker hiring summary. Here are some key points about hiring branch bankers in the United States:
Here's a step-by-step branch banker hiring guide:
A branch banker is responsible for assisting the customers in performing their financial transactions, updating their account information, and resolving bank discrepancies. Branch bankers guide the customers in handling their personal finances and recommend financial services according to the customers' needs and qualifications. They also create financial reports and identify opportunities that would generate more revenue resources by conducting data and statistical reviews. A branch banker must have excellent analytical skills, as well as extensive knowledge of the financial industry, to manage financial functions and set regulations accordingly.
The branch banker 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.
A branch banker's background is also an important factor in determining whether they'll be a good fit for the position. For example, branch bankers 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 presents branch banker salaries for various positions.
| Type of Branch Banker | Description | Hourly rate |
|---|---|---|
| Branch Banker | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $12-19 |
| Accounts Receivable Manager | An accounts receivable manager is responsible for overseeing the financial matters in a business or company, focusing on the generated sales and income. Moreover, they are also responsible for maintaining an accurate and efficient collection of payments, conducting research and analysis, and supervising the workforce, striving to meet all the goals within the allotted time... Show more | $20-54 |
| Accounts Payable Manager | An accounts payable manager is in charge of supervising a company's financial activities, particularly in all payable matters. Their primary responsibilities revolve around managing and assessing staff performances and overseeing check and payroll disbursements... Show more | $24-45 |
Including a salary range in your branch banker job description is one of the best ways to attract top talent. A branch banker can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $39,622 | $19 |
| 2 | New York | $39,200 | $19 |
| 3 | Michigan | $38,421 | $18 |
| 4 | Massachusetts | $38,103 | $18 |
| 5 | Missouri | $36,778 | $18 |
| 6 | Illinois | $35,523 | $17 |
| 7 | New Jersey | $35,481 | $17 |
| 8 | Wisconsin | $32,777 | $16 |
| 9 | Tennessee | $32,587 | $16 |
| 10 | Ohio | $32,229 | $15 |
| 11 | Pennsylvania | $31,898 | $15 |
| 12 | New Mexico | $31,548 | $15 |
| 13 | Virginia | $31,145 | $15 |
| 14 | Colorado | $31,050 | $15 |
| 15 | Kansas | $30,660 | $15 |
| 16 | Arizona | $30,021 | $14 |
| 17 | Florida | $28,800 | $14 |
| 18 | District of Columbia | $28,703 | $14 |
| 19 | Maryland | $28,482 | $14 |
| 20 | Texas | $28,138 | $14 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | J.P. Morgan | $37,448 | $18.00 | |
| 2 | Zions Ban | $35,019 | $16.84 | |
| 3 | Oak Valley Ban | $34,316 | $16.50 | |
| 4 | JPMorgan Chase & Co. | $34,287 | $16.48 | 1,414 |
| 5 | Wells Fargo | $33,093 | $15.91 | 1,150 |
| 6 | The PNC Financial Services Group | $32,922 | $15.83 | 354 |
| 7 | PNC | $32,808 | $15.77 | 381 |
| 8 | Huntington National Bank | $32,789 | $15.76 | 86 |
| 9 | Rockland Trust | $32,630 | $15.69 | 28 |
| 10 | Regions Bank | $32,617 | $15.68 | 358 |
| 11 | Citi | $32,320 | $15.54 | 185 |
| 12 | Bank on Southern Utah | $31,942 | $15.36 |
A branch banker 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. Below, you can find an example of a branch banker job description:
To find the right branch banker for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit branch bankers, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best branch banker candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing 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.
After that, you can create an onboarding schedule for a new branch banker. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Recruiting branch bankers involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $33,076 per year for a branch banker, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for branch bankers in the US typically range between $12 and $19 an hour.