Commercial Banking Salaries The national average salary for a Commercial Banker is $84,286 per year in the United States. Filter by location to see a Commercial Banking Salary in your area. The biggest city in the United States in terms of commercial banking jobs would be New York, where we have found ten current job openings for the occupation of Commercial Banker.
What Do You Do In Commercial Banking?
Commercial bankers provide services that support businesses and organizations. These may include cash management, payroll services, accounts receivable financing, credit and lending services, trade finance, or accounting support. Commercial Banking Salary varies widely based on company size and location; for example, a commercial banker in Los Angeles with five years of experience. Salaries vary based on experience level and geographic location.
Commercial banking salaries in Los Angeles average Interactive Banking national average for commercial bankers is $84,286 per year. Commercial bankers with experience earn between $75K and $100K per year. Banking professionals in positions such as senior manager or vice president can earn over $150K annually. With a Commercial Banking Salary, you may also have opportunities to advance into other fields within banking.
For example, some commercial bankers move on to work in investment banking or private banking roles after gaining several years of experience within commercial banks. The highest paying states for commercial bankers are New York, the District of Columbia, Connecticut, and California. These figures are based on average annual salary information gathered.
Which Bank Pays The Most As a Banker?
While we won’t get into individual bank salary averages, we can help determine which banks pay more for commercial banking jobs. In short, if you want to earn a high salary as a commercial banker, it helps to work at Wells Fargo or Bank of America. The average Commercial Banking Salaryfor Wells Fargo employees who fall under that category is at Bank of America. That’s a pretty good average pay raise over other jobs in banking.
The best thing about working with big banks like Wells Fargo and Bank of America is that there are generally job openings available because of mergers and acquisitions with smaller regional banks across all regions in the country. Commercial banking jobs are one of the highest paying in all of the business. However, the average Banking Salary can vary quite a bit by industry and location. By state, Alabama has some of the best employment opportunities and the highest average annual pay. Commercial bankers can also earn more than double that figure on Wall Street.
Your salary as a commercial banker is determined by several factors how much your company values you. Salaries differ wildly based on market demand and other factors, so even if you have a friend in commercial banking, it doesn’t necessarily mean that they earn more or less than you—your performance. If you meet or exceed expectations, then there’s no reason why your Commercial Banking Salary shouldn’t be higher than other employees.
As with any field, working your way up from entry-level to mid-level positions can increase pay over time. If you’re curious about what your Commercial Banking Salary might look like after ten years, you can use Career Planner to see a rough estimate. Based on these figures, average salaries for commercial bankers range.
When entering a new position and negotiating your pay, remember that it’s always important to know how much other companies are paying employees in similar positions before you start negotiating your pay. To learn more about commercial banking careers, check out our resource guide. You’ll find information on job duties, education requirements, salary ranges, and more.