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Working as a Business Banking Officer

Business banking officers are responsible for conjunctions of new bank relationships and watching over client portfolios. They will also need to work closely with a retail branch to generate new business through networking, calling, and in-person visits.

They may want to have a bachelor's degree in commerce or economics with a major in banking or finance. They may also consider taking a VET qualification test. Applicants need to develop banking services, financial services, banking services management, accounts administration, accounting, or bookkeeping.

Business banking officers can expect to make an average salary of $63,203 per year or $30.39 per hour. Their salary may drastically improve if they manage to work for a reputable institution. Furthermore, the number of clients they bring to their company will decide the rate of payment.

There is more than meets the eye when it comes to being a business banking officer. For example, did you know that they make an average of $30.39 an hour? That's $63,203 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.

What Does a Business Banking Officer Do

There are certain skills that many business banking 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 customer-service skills, initiative and detail oriented.

When it comes to the most important skills required to be a business banking officer, we found that a lot of resumes listed 16.3% of business banking officers included financial statements, while 11.7% of resumes included business development, and 8.6% of resumes included customer relationships. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the business banking officer job title. But what industry to start with? Most business banking officers actually find jobs in the finance and education industries.

How To Become a Business Banking Officer

If you're interested in becoming a business banking officer, one of the first things to consider is how much education you need. We've determined that 50.7% of business banking officers have a bachelor's degree. In terms of higher education levels, we found that 30.4% of business banking officers have master's degrees. Even though most business banking officers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a business banking officer. When we researched the most common majors for a business banking officer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on business banking officer resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a business banking officer. In fact, many business banking officer jobs require experience in a role such as branch manager. Meanwhile, many business banking officers also have previous career experience in roles such as manager, assistant vice president or assistant vice president.

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Average Salary$63,203
Job Growth Rate8%

Business Banking Officer Career Paths

Top Careers Before Business Banking Officer

Top Careers After Business Banking Officer

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Average Salary for a Business Banking Officer

Business Banking Officers in America make an average salary of $63,203 per year or $30 per hour. The top 10 percent makes over $95,000 per year, while the bottom 10 percent under $41,000 per year.
Average Salary
$63,203

Best Paying Cities

City
Average Salary
New York, NY
Salary Range68k - 128k$94k$93,635
Scranton, PA
Salary Range54k - 103k$75k$75,113
Portland, ME
Salary Range54k - 96k$72k$72,419
Meridian, ID
Salary Range51k - 100k$72k$72,054
Dallas, TX
Salary Range48k - 95k$68k$67,984
Tampa, FL
Salary Range46k - 91k$65k$65,445
$32k
$128k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Business Officer
Business Officer
Dekalb County
Dekalb County
01/23/2021
01/23/2021
$50,78401/23/2021
$50,784
Business Officer
Business Officer
State of North Carolina
State of North Carolina
01/22/2021
01/22/2021
$48,05101/22/2021
$48,051
Business Officer II
Business Officer II
State of North Carolina
State of North Carolina
12/16/2020
12/16/2020
$48,05112/16/2020
$48,051
Business Officer
Business Officer
University of California
University of California
12/11/2020
12/11/2020
$48,08412/11/2020
$48,084
Business Officer II
Business Officer II
State of North Carolina
State of North Carolina
11/14/2020
11/14/2020
$48,05111/14/2020
$48,051
See More Recent Salaries

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Business Banking Officer Demographics

Gender

male

56.2 %

female

40.5 %

unknown

3.4 %

Ethnicity

White

68.6 %

Hispanic or Latino

14.4 %

Black or African American

8.5 %

Foreign Languages Spoken

Spanish

35.8 %

Japanese

11.3 %

French

11.3 %
See More Demographics

Business Banking Officer Education

Majors

Business
41.7 %
Finance
12.7 %

Degrees

Bachelors

50.7 %

Masters

30.4 %

Associate

8.5 %

Top Colleges for Business Banking Officers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Public

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Public

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info
Job type you want
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Part Time
Internship
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Top Skills For a Business Banking 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, 16.3% of business banking officers listed financial statements on their resume, but soft skills such as customer-service skills and initiative are important as well.

Best States For a Business Banking Officer

Some places are better than others when it comes to starting a career as a business banking officer. The best states for people in this position are New Jersey, New York, Massachusetts, and Connecticut. Business banking officers make the most in New Jersey with an average salary of $96,058. Whereas in New York and Massachusetts, they would average $92,822 and $89,075, respectively. While business banking officers would only make an average of $87,513 in Connecticut, 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. New Jersey

Total Business Banking Officer Jobs:
158
Highest 10% Earn:
$169,000
Location Quotient:
1.16
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Business Banking Officer Jobs:
263
Highest 10% Earn:
$164,000
Location Quotient:
1.13
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Ohio

Total Business Banking Officer Jobs:
212
Highest 10% Earn:
$140,000
Location Quotient:
1.31
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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How Do Business Banking Officer Rate Their Jobs?

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What do you like the most about working as Business Banking Officer?

Creating and monitoring loan to companies Show More

What do you NOT like?

Interacting with computer for too long in making decisions in mitigating the risk asset going bad 'bad loan' Show More

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Top Business Banking Officer Employers

1. Citi
4.8
Avg. Salary: 
$107,834
Business Banking Officers Hired: 
114+
2. U.S. Bank
4.7
Avg. Salary: 
$85,251
Business Banking Officers Hired: 
78+
3. Wells Fargo
4.7
Avg. Salary: 
$107,786
Business Banking Officers Hired: 
73+
4. The PNC Financial Services Group
4.9
Avg. Salary: 
$107,792
Business Banking Officers Hired: 
56+
5. Charter Bank
4.0
Avg. Salary: 
$71,617
Business Banking Officers Hired: 
32+
6. SunTrust Banks
4.8
Avg. Salary: 
$107,790
Business Banking Officers Hired: 
30+
Updated October 2, 2020