New Accounts Specialist Careers

A New Accounts Specialist collects, reviews, and verifies all new accounts applications. He provides retail support for deposit operations daily. The new account specialist ensures that all conditions are met for the approval of the applications before forwarding them to the appropriate departments. He also processes and evaluates the documents provided by new and existing clients for account applications. Additionally, a new accounts specialist collects the necessary information for regular reports. He resolves processing issues and ensures compliance with new account processes.

To get a job as a new account specialist, you need a minimum of a bachelor's degree in business or a related field. You must also possess a minimum of a year of relevant work experience and be proficient in Microsoft Office. The new accounts specialist must possess communication, mathematical, analytical, decision-making, problem-solving, and customer service skills. Upon employment, you would earn an average salary of $38,871 annually or $19 per hour.

There is more than meets the eye when it comes to being a new accounts specialist. For example, did you know that they make an average of $21.46 an hour? That's $44,630 a year!

Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.

What Does a New Accounts Specialist Do

There are certain skills that many new accounts specialists 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 math skills, organizational skills and communication skills.

When it comes to the most important skills required to be a new accounts specialist, we found that a lot of resumes listed 21.6% of new accounts specialists included customer service, while 10.0% of resumes included new account applications, and 6.0% of resumes included customer accounts. 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 new accounts specialist job title. But what industry to start with? Most new accounts specialists actually find jobs in the finance and retail industries.

How To Become a New Accounts Specialist

If you're interested in becoming a new accounts specialist, one of the first things to consider is how much education you need. We've determined that 55.7% of new accounts specialists have a bachelor's degree. In terms of higher education levels, we found that 4.9% of new accounts specialists have master's degrees. Even though most new accounts specialists 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 new accounts specialist. When we researched the most common majors for a new accounts specialist, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on new accounts specialist resumes include high school diploma degrees or master's degree degrees.

You may find that experience in other jobs will help you become a new accounts specialist. In fact, many new accounts specialist jobs require experience in a role such as customer service representative. Meanwhile, many new accounts specialists also have previous career experience in roles such as administrative assistant or teller.

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Average Salary
$44,630
Average Salary
Job Growth Rate
5%
Job Growth Rate
Job Openings
15,409
Job Openings

New Accounts Specialist Career Paths

Top Careers Before New Accounts Specialist

Teller
7.8 %

Top Careers After New Accounts Specialist

Cashier
7.1 %

New Accounts Specialist Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a New Accounts Specialist

New Accounts Specialists in America make an average salary of $44,630 per year or $21 per hour. The top 10 percent makes over $78,000 per year, while the bottom 10 percent under $25,000 per year.
Average Salary
$44,630
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New Accounts Specialist Demographics

Gender

female

61.9 %

male

34.0 %

unknown

4.0 %

Ethnicity

White

54.8 %

Hispanic or Latino

20.9 %

Black or African American

11.4 %

Foreign Languages Spoken

Spanish

62.5 %

French

9.4 %

Portuguese

6.3 %
Show More New Accounts Specialist Demographics

New Accounts Specialist Education

Majors

Business
31.7 %
Finance
7.1 %

Degrees

Bachelors

55.7 %

Associate

18.6 %

High School Diploma

14.5 %
Show More New Accounts Specialist Education Requirements

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Top Skills For a New Accounts Specialist

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, 21.6% of new accounts specialists listed customer service on their resume, but soft skills such as math skills and organizational skills are important as well.

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Top New Accounts Specialist Employers

1. Southern Company
4.7
Avg. Salary: 
$65,083
New Accounts Specialists Hired: 
83+
2. Bank of America
4.8
Avg. Salary: 
$32,985
New Accounts Specialists Hired: 
36+
3. LPL Financial
4.8
Avg. Salary: 
$78,103
New Accounts Specialists Hired: 
19+
4. Schwan's Company
4.5
Avg. Salary: 
$47,710
New Accounts Specialists Hired: 
18+
5. Citigroup
4.8
Avg. Salary: 
$75,120
New Accounts Specialists Hired: 
14+
6. TD Ameritrade
4.8
Avg. Salary: 
$71,263
New Accounts Specialists Hired: 
14+
Updated August 18, 2021