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Bank specialist salary
Average bank specialist salary
$42,779
Understanding the Salary of a Bank Specialist
As of October 2025, the average annual salary for a Bank Specialist stands at $42,779 or approximately $21 per hour. This figure reflects the essential role these professionals play in the banking system, which includes managing customer accounts, processing transactions, and delivering high-quality service. Salaries can vary by state and city, reflecting local economic conditions and the demand for banking services.
Factors Influencing Salary
Experience is a key factor affecting salary levels. Entry-level Bank Specialists may start at lower salaries, while those with several years in the field often see significant increases. Additionally, geographic location has a substantial impact; for example, Bank Specialists in urban areas typically earn more than their rural counterparts.
Top States for Bank Specialists
States like California and New York often offer higher salaries due to the cost of living and competition for skilled workers. Conversely, states with lower living costs may provide lower salaries but can still offer a favorable work-life balance.
Advancement Opportunities
Bank Specialists can advance to roles such as Branch Manager or Loan Officer, further enhancing their earning potential. Continuous professional development and certifications can also lead to higher salaries and greater job satisfaction.
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Where can a Bank Specialist earn more?
Average bank specialist salary by state
The highest-paying states for bank specialists are New York, Connecticut, and New Jersey. The lowest average bank specialist salary states are Utah, Iowa, and Idaho.
- State view
- County view
Highest paying states for bank specialists
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $67,404 | $32.41 |
| 2 | Rhode Island | $53,742 | $25.84 |
| 3 | Connecticut | $64,355 | $30.94 |
| 4 | Pennsylvania | $47,534 | $22.85 |
| 5 | Kansas | $45,868 | $22.05 |
| 6 | North Carolina | $51,989 | $24.99 |
| 7 | Delaware | $46,166 | $22.20 |
| 8 | New Hampshire | $53,470 | $25.71 |
| 9 | New Jersey | $54,469 | $26.19 |
| 10 | Maine | $51,134 | $24.58 |
| 11 | Indiana | $45,064 | $21.67 |
| 12 | Michigan | $42,103 | $20.24 |
| 13 | Minnesota | $45,933 | $22.08 |
| 14 | North Dakota | $38,910 | $18.71 |
| 15 | West Virginia | $45,350 | $21.80 |
| 16 | Illinois | $43,585 | $20.95 |
| 17 | Nebraska | $39,668 | $19.07 |
| 18 | Maryland | $48,314 | $23.23 |
| 19 | Hawaii | $42,651 | $20.51 |
| 20 | Virginia | $45,978 | $22.10 |
| 21 | Tennessee | $40,157 | $19.31 |
| 22 | Massachusetts | $42,702 | $20.53 |
| 23 | Texas | $39,228 | $18.86 |
| 24 | Wisconsin | $38,894 | $18.70 |
| 25 | Vermont | $38,015 | $18.28 |
| 26 | Alaska | $39,230 | $18.86 |
| 27 | South Dakota | $36,112 | $17.36 |
| 28 | Missouri | $38,919 | $18.71 |
| 29 | District of Columbia | $43,994 | $21.15 |
| 30 | Ohio | $35,990 | $17.30 |
| 31 | Florida | $37,496 | $18.03 |
| 32 | California | $43,124 | $20.73 |
| 33 | Kentucky | $39,841 | $19.15 |
| 34 | Wyoming | $34,134 | $16.41 |
| 35 | Georgia | $39,541 | $19.01 |
| 36 | Colorado | $38,482 | $18.50 |
| 37 | Washington | $39,345 | $18.92 |
| 38 | Arkansas | $37,368 | $17.97 |
| 39 | Louisiana | $37,169 | $17.87 |
| 40 | Oregon | $35,978 | $17.30 |
| 41 | South Carolina | $38,509 | $18.51 |
| 42 | Arizona | $34,646 | $16.66 |
| 43 | Iowa | $32,455 | $15.60 |
| 44 | Nevada | $35,371 | $17.01 |
| 45 | Mississippi | $36,190 | $17.40 |
| 46 | Utah | $33,575 | $16.14 |
| 47 | New Mexico | $34,952 | $16.80 |
| 48 | Montana | $30,206 | $14.52 |
| 49 | Idaho | $32,374 | $15.56 |
| 50 | Oklahoma | $29,166 | $14.02 |
| 51 | Alabama | $28,758 | $13.83 |
Highest paying cities for bank specialists
The highest-paying cities for bank specialists are New York, NY, Greenwich, CT, and Mount Laurel, NJ.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $67,831 | $32.61 |
| 2 | Greenwich, CT | $65,096 | $31.30 |
| 3 | Mount Laurel, NJ | $54,803 | $26.35 |
| 4 | Baltimore, MD | $48,508 | $23.32 |
| 5 | Indianapolis, IN | $44,841 | $21.56 |
| 6 | Washington, DC | $43,987 | $21.15 |
| 7 | Chicago, IL | $43,921 | $21.12 |
| 8 | Los Angeles, CA | $42,985 | $20.67 |
| 9 | Newton, MA | $42,650 | $20.50 |
| 10 | Houston, TX | $39,720 | $19.10 |
| 11 | Tacoma, WA | $39,668 | $19.07 |
| 12 | Atlanta, GA | $39,461 | $18.97 |
| 13 | Anchorage, AK | $39,320 | $18.90 |
| 14 | Milwaukee, WI | $39,207 | $18.85 |
| 15 | Columbia, MO | $38,940 | $18.72 |
| 16 | Colorado Springs, CO | $38,658 | $18.59 |
| 17 | Columbia, SC | $38,652 | $18.58 |
| 18 | Miami, FL | $37,985 | $18.26 |
| 19 | Canton, OH | $37,822 | $18.18 |
| 20 | Portland, OR | $35,745 | $17.19 |
Bank specialist salary details
A bank specialist's salary ranges from $28,000 a year at the 10th percentile to $64,000 at the 90th percentile.
What is a bank specialist's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $64,000 | $5,333 | $31 |
| 75th Percentile | $53,000 | $4,417 | $25 |
| Average | $42,779 | $3,565 | $21 |
| 25th Percentile | $34,000 | $2,833 | $16 |
| 10th Percentile | $28,000 | $2,333 | $13 |
Highest paying bank specialist jobs
The highest paying types of bank specialists are banking associate, finance associate, and bank officer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Merchant | $74,999 | $6,250 | $36.06 | 15,395 |
| Relationship Banker | $37,091 | $3,091 | $17.83 | 34,587 |
| Finance Service Representative | $38,361 | $3,197 | $18.44 | 220,519 |
| Finance Representative | $41,765 | $3,480 | $20.08 | 124,645 |
| Personal Banker | $37,639 | $3,137 | $18.10 | 36,603 |
| Business Banker | $69,423 | $5,785 | $33.38 | 70,054 |
Top companies hiring bank specialists now:
Which companies pay bank specialists the most?
Bank specialist salaries at Goldman Sachs and Standard Chartered are the highest-paying according to our most recent salary estimates. In addition, the average bank specialist salary at companies like Citi and ALTA IT Services are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Goldman Sachs | $73,514 | $35.34 |
| 2 | Standard Chartered | $72,234 | $34.73 |
| 3 | Citi | $66,043 | $31.75 |
| 4 | ALTA IT Services | $52,573 | $25.28 |
| 5 | Home Bancshares Inc. | $50,893 | $24.47 |
| 6 | BNP Paribas | $49,802 | $23.94 |
| 7 | JPMorgan Chase & Co. | $48,009 | $23.08 |
| 8 | HSBC Bank | $46,708 | $22.46 |
| 9 | MUFG EMEA | $46,135 | $22.18 |
| 10 | Hanu an Insight Company | $45,754 | $22.00 |
| 11 | CTG | $43,268 | $20.80 |
| 12 | Central Pacific Bank | $43,219 | $20.78 |
| 13 | J.P. Morgan | $43,088 | $20.72 |
| 14 | BancorpSouth | $42,650 | $20.50 |
| 15 | First Fidelity Bank | $42,424 | $20.40 |
| 16 | RemX | $42,314 | $20.34 |
| 17 | Kore1 | $42,010 | $20.20 |
| 18 | The-Panther-Group | $41,906 | $20.15 |
| 19 | MSU Federal Credit Union | $41,585 | $19.99 |
| 20 | General Dynamics | $41,390 | $19.90 |
Wage gap by gender, race and education
Bank specialist salary trends
The average bank specialist salary has fallen by $-4,815 over the last ten years. In 2014, the average bank specialist earned $47,594 annually, but today, they earn $42,779 a year. That works out to a -4% change in pay for bank specialists over the last decade.
Compare bank specialist salaries for cities or states with the national average over time.
Average bank specialist salary over time
Compare bank specialist salaries for individual cities or states with the national average.
Bank specialist salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $42,800 | $20.57 | +3.9% |
| 2025 | $41,100 | $19.77 | -3.0% |
| 2024 | $42,300 | $20.36 | +0.5% |
| 2023 | $42,100 | $20.25 | -5.5% |
| 2022 | $44,500 | $21.37 | -6.3% |
Recently added bank specialist salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Bankeasy | Retail Banking Specialist II | New Prague, MN | 06/29/2025 | $40,843 |
| Canadian Imperial Bank of Commerce | Senior Client Banking Specialist | Chicago, IL | 06/28/2025 | $74,000 |
| CIBC Bank USA | Senior Client Banking Specialist | Chicago, IL | 06/28/2025 | $74,000 |
| Teksystems | Digital Banking Specialist | Worth, IL | 06/28/2025 | $41,740 |
| Bank of America | Wealth Management Banking Specialist | Huntingtown, MD | 06/27/2025 | $70,000 |
| First Bankers Trust Group | Digital Banking Specialist | Quincy, IL | 06/27/2025 | $44,516 |
| Corps Team | Business Banking Specialist | Jacksonville, FL | 06/27/2025 | $43,827 |
| Keybank National Association | Licensed Private Client Banker-Boulder/Louisville Area | Boulder, CO | 06/26/2025 | $52,175 |
| Qualfon | Evening Banking Specialist | Highland Park, MI | 06/26/2025 | $41,740 |
| Arrow Financial Corporation | Electronic Banking Specialist-Glens Falls or Latham | Glens Falls, NY | 06/25/2025 | $39,653 |
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