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Banking associate salary
Average banking associate salary
$81,890
Average Banking Associate Salary
The average salary for a banking associate in the United States is approximately $81,890 per year, translating to about $39 per hour. This figure can vary depending on several factors, including experience level, geographical location, and specific banking roles. For entry-level positions, salaries typically start lower, while those with several years of experience can expect higher compensation.
Salary by Experience Level
Entry-level banking associates may earn around $55,000, while mid-level professionals average $75,000. Those in senior roles can command salaries exceeding $100,000. Understanding these ranges helps in negotiating salaries and seeking appropriate positions based on experience.
Highest Paying States
States like California and New York typically offer the highest salaries for banking associates, often exceeding $90,000 annually. In contrast, states with lower costs of living may have average salaries closer to $70,000. It’s crucial for job seekers to consider both salary and living expenses when evaluating job offers.
Conclusion
With opportunities for growth and advancement, becoming a banking associate can be a rewarding career choice. By researching salary trends and understanding local market conditions, you can position yourself for success in the banking industry.
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Where can a Banking Associate earn more?
Banking associate salaries by experience level
Banking associate salary estimates from across the web
Average banking associate salary by state
The average banking associate salary in New York, Florida, and Massachusetts are the highest in the U.S. The lowest average banking associate salary states are Kentucky, Indiana, and Colorado.
- State view
- County view
Highest paying states for banking associates
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $107,417 | $51.64 |
| 2 | Rhode Island | $90,505 | $43.51 |
| 3 | Massachusetts | $100,980 | $48.55 |
| 4 | Florida | $103,023 | $49.53 |
| 5 | New Hampshire | $89,201 | $42.89 |
| 6 | Maine | $82,385 | $39.61 |
| 7 | Vermont | $81,459 | $39.16 |
| 8 | Delaware | $87,528 | $42.08 |
| 9 | Pennsylvania | $80,963 | $38.92 |
| 10 | Maryland | $87,010 | $41.83 |
| 11 | New Jersey | $77,500 | $37.26 |
| 12 | Virginia | $85,822 | $41.26 |
| 13 | Connecticut | $78,093 | $37.54 |
| 14 | District of Columbia | $84,277 | $40.52 |
| 15 | North Carolina | $71,074 | $34.17 |
| 16 | Arizona | $69,694 | $33.51 |
| 17 | Georgia | $71,282 | $34.27 |
| 18 | Hawaii | $77,299 | $37.16 |
| 19 | South Carolina | $69,803 | $33.56 |
| 20 | California | $74,556 | $35.84 |
| 21 | West Virginia | $70,479 | $33.88 |
| 22 | Ohio | $58,597 | $28.17 |
| 23 | Alabama | $66,085 | $31.77 |
| 24 | Nevada | $64,693 | $31.10 |
| 25 | Michigan | $59,544 | $28.63 |
| 26 | Mississippi | $65,609 | $31.54 |
| 27 | Texas | $61,976 | $29.80 |
| 28 | Alaska | $52,549 | $25.26 |
| 29 | New Mexico | $62,505 | $30.05 |
| 30 | Illinois | $55,982 | $26.91 |
| 31 | Minnesota | $61,263 | $29.45 |
| 32 | Louisiana | $57,302 | $27.55 |
| 33 | Wisconsin | $55,033 | $26.46 |
| 34 | North Dakota | $57,562 | $27.67 |
| 35 | Tennessee | $55,712 | $26.78 |
| 36 | Idaho | $52,609 | $25.29 |
| 37 | Nebraska | $53,568 | $25.75 |
| 38 | Montana | $49,860 | $23.97 |
| 39 | Iowa | $56,773 | $27.29 |
| 40 | Wyoming | $51,799 | $24.90 |
| 41 | Arkansas | $57,972 | $27.87 |
| 42 | Kansas | $56,017 | $26.93 |
| 43 | South Dakota | $52,896 | $25.43 |
| 44 | Indiana | $51,588 | $24.80 |
| 45 | Oregon | $55,970 | $26.91 |
| 46 | Utah | $46,641 | $22.42 |
| 47 | Washington | $54,713 | $26.30 |
| 48 | Kentucky | $51,677 | $24.84 |
| 49 | Colorado | $51,111 | $24.57 |
| 50 | Missouri | $54,948 | $26.42 |
| 51 | Oklahoma | $44,316 | $21.31 |
Highest paying cities for banking associates
The highest-paying cities for banking associates are White Plains, NY, Miami, FL, and Boston, MA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | White Plains, NY | $109,752 | $52.77 |
| 2 | Miami, FL | $109,000 | $52.40 |
| 3 | Boston, MA | $101,920 | $49.00 |
| 4 | Providence, RI | $90,683 | $43.60 |
| 5 | Richmond, VA | $85,341 | $41.03 |
| 6 | Washington, DC | $84,511 | $40.63 |
| 7 | Portland, ME | $84,234 | $40.50 |
| 8 | Philadelphia, PA | $82,524 | $39.67 |
| 9 | New Haven, CT | $78,315 | $37.65 |
| 10 | Jersey City, NJ | $77,690 | $37.35 |
| 11 | Menlo Park, CA | $76,212 | $36.64 |
| 12 | Atlanta, GA | $70,163 | $33.73 |
| 13 | Phoenix, AZ | $69,530 | $33.43 |
| 14 | Charlotte, NC | $68,506 | $32.94 |
| 15 | Las Vegas, NV | $64,892 | $31.20 |
| 16 | San Antonio, TX | $64,891 | $31.20 |
| 17 | Cleveland, OH | $62,065 | $29.84 |
| 18 | Albuquerque, NM | $61,558 | $29.60 |
| 19 | New Orleans, LA | $58,143 | $27.95 |
| 20 | Vancouver, WA | $57,918 | $27.85 |
Banking associate salary details
A banking associate's salary ranges from $47,000 a year at the 10th percentile to $141,000 at the 90th percentile.
What is a banking associate's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $141,000 | $11,750 | $68 |
| 75th Percentile | $109,000 | $9,083 | $52 |
| Average | $81,890 | $6,824 | $39 |
| 25th Percentile | $61,000 | $5,083 | $29 |
| 10th Percentile | $47,000 | $3,917 | $23 |
Highest paying banking associate jobs
The highest paying types of banking associates are finance associate, bank officer, and associate.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Teller Supervisor | $39,971 | $3,331 | $19.22 | 9,742 |
| Vault Teller | $32,352 | $2,696 | $15.55 | 11,212 |
| Lead Teller | $42,554 | $3,546 | $20.46 | 10,015 |
| Head Teller | $46,820 | $3,902 | $22.51 | 17,164 |
| Service Officer | $48,547 | $4,046 | $23.34 | 213,294 |
| Float Teller | $32,064 | $2,672 | $15.42 | 14,928 |
Top companies hiring banking associates now:
Which companies pay banking associates the most?
Banking associate salaries at Citi and Lazard are the highest-paying according to our most recent salary estimates. In addition, the average banking associate salary at companies like Morgan Stanley and Merrill Lynch are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Citi | $142,884 | $68.69 |
| 2 | Lazard | $131,465 | $63.20 |
| 3 | Morgan Stanley | $130,371 | $62.68 |
| 4 | Merrill Lynch | $126,752 | $60.94 |
| 5 | Goldman Sachs | $125,174 | $60.18 |
| 6 | BMO Capital Markets | $120,552 | $57.96 |
| 7 | Barclays | $120,545 | $57.95 |
| 8 | Safra National Bank of New York | $118,471 | $56.96 |
| 9 | Lehman's | $116,440 | $55.98 |
| 10 | HSBC Bank | $116,070 | $55.80 |
| 11 | Citicorp North America, Inc | $115,199 | $55.38 |
| 12 | J.P. Morgan | $113,986 | $54.80 |
| 13 | MUFG EMEA | $113,573 | $54.60 |
| 14 | Central Pacific Bank | $111,287 | $53.50 |
| 15 | Nomura Securities | $111,198 | $53.46 |
| 16 | Provident Financial Management | $110,450 | $53.10 |
| 17 | Royal Bank of Canada | $109,592 | $52.69 |
| 18 | The Bank, Inc. | $107,726 | $51.79 |
| 19 | Canadian Imperial Holdings, Inc. | $107,726 | $51.79 |
| 20 | VETRO FiberMap | $107,726 | $51.79 |
Wage gap by gender, race and education
Banking associate salary trends
The average banking associate salary has risen by $20,159 over the last ten years. In 2014, the average banking associate earned $61,731 annually, but today, they earn $81,890 a year. That works out to a 20% change in pay for banking associates over the last decade.
Compare banking associate salaries for cities or states with the national average over time.
Average banking associate salary over time
Compare banking associate salaries for individual cities or states with the national average.
Banking associate salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $81,900 | $39.37 | +4.3% |
| 2025 | $78,400 | $37.69 | +5.7% |
| 2024 | $73,900 | $35.54 | +4.6% |
| 2023 | $70,600 | $33.93 | +3.0% |
| 2022 | $68,400 | $32.90 | +3.1% |
Recently added banking associate salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Linklaters | U.S. Associate-Banking | New York, NY | 06/30/2025 | $310,000 |
| Nbtbancorp | Relationship Banking Associate | Sheffield, MA | 06/30/2025 | $36,523 |
| Nbtbancorp | Relationship Banking Associate | Buffalo, NY | 06/30/2025 | $36,523 |
| Nbtbancorp | Relationship Banking Associate | South Burlington, VT | 06/30/2025 | $36,523 |
| BMO (Bank of Montreal | Associate Banker | San Francisco, CA | 06/28/2025 | $41,715 |
| BMO Harris | Associate Banker | San Francisco, CA | 06/28/2025 | $41,715 |
| Jpmorgan Chase | Associate Banker, Healthcare Technology-Middle Market Banking & Specialized Industries | Denver, CO | 06/28/2025 | $115,000 |
| TD Bank | Banking Associate (20Th & 6TH) | New York, NY | 06/28/2025 | $49,566 |
| Acnb Bank | Community Banking Associate I | Frederick, MD | 06/27/2025 | $33,392 |
| Bank of America | Private Bank Associate-Trust | New Haven, CT | 06/27/2025 | $59,521 |
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