Q:

What are some of the salaries offered in the banking industry?

A:

Quick Answer

Salaries in the banking industry range from the national average of $27,253 for an entry-level position to $180,000 for an executive banking position, states Salary.com. The annual salary varies significantly depending on position, company size, location, years of experience and level of education.

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Full Answer

On average, a safe deposit clerk earns $28,680 annually. To qualify, most people need a high school degree and up to two years of relevant experience. Clerks provide access to safe deposit boxes and remedy lost key situations. They also handle customer inquiries regarding safe deposit procedures. Other banking jobs that have a comparable salary include bank teller and wire transfer clerk.

Billing specialists typically earn $39,198 a year. To obtain this position, most people need a relevant bachelor's degree and two to four years of pertinent experience. People in this role are responsible for the calculation of sales tickets and charge slips, verification of billing with the accounts receivable ledger, and preparation of bills and invoices. Banking positions that are similar in pay include bank service manager and mortgage collector.

Investment specialists earn an average of $79,057 and require a bachelor's degree with at least two years of relevant work experience. People in this career resolve customer's investment concerns. For instance, they review and recommend investment and insurance options to customers, identify clients' investment intentions and find suitable investment products. Banking jobs that earn a comparable salary include credit risk officers and fraud prevention officers.

Chief lending officers and credit risk managers earn slightly less than $200,000 annually.

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