How Much Do Bankers Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary bankers make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for bankers and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of bankers are offering as compensation.
Keep reading to learn more about how much bankers can expect to make in the United States.
At a Glance: Salary & Jobs for Bankers
According to data from 2022, there were about 456,626 positions for bankers in the United States. In terms of salary, the national median salary for bankers was reported to be $67,475. Additionally, when examining job demand, employers across the country posted 130,203 job postings related to positions for bankers.
How Much Money Do Bankers Make?
Median salary is just one data point. To build a better understanding of how much money bankers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for bankers.
Annual Salary for Bankers
According to the BLS, the lowest earners for bankers and related professions earned about $40,206 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $189,613 annually.
As mentioned previously, the median salary for bankers in the United States in 2022 was $67,475.
Annual Salary Range For Bankers In 2022
Hourly Salary for Bankers
The BLS also breaks down compensation for bankers by hourly salary, and the median average hourly pay for bankers in 2022 was $32. Lowest hourly earners took home $19 while the highest reported hourly salaries for bankers was $91.
Hourly Salary Range For Bankers In 2022
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Advertised Compensation for Bankers
Data from the BLS is one way to dig into compensation for bankers, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for bankers.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Bankers
Advertised Annual Salary
During a review of 159,666 job postings related to bankers, advertised salary was included in 24,973 of them, which was 16%. Based on those postings, the median advertised salary for bankers was $52,352 per year.
Hourly Salary from Job Postings for Bankers
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for bankers. Based on 19% of postings with advertised compensation, the median hourly salary for open positions for bankers in the United States is about $25.
Salary Trend for Bankers
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for bankers. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for bankers dating back to September 2019, advertised salaries for bankers have increased 17%.
Advertised Wage Trend For Bankers
What's the Job Growth for Bankers?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for bankers over the next 10 years.
According to the data obtained through Lightcast,™ there were 456,416 jobs for bankers in the United States in 2022. By 2032, it is expected that about 68,995 jobs will be added. That's a 15.1% increase over the next 10-year period.
Employment Projections For Bankers
Additional Links
Ready to dig deeper into career information about bankers? Visit our other pages focused on salary and education for bankers.
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