Becoming a Banker via Online Education?

At the very least, online education can help you lay a foundation and/or open up alternate career paths. Strayer University, one of the highest ranking online schools, is a US school (accredited) offering banking courses to train individuals to become top-notch bankers, tellers, investment bankers, financial managers, banking center managers, bank secrecy act-anti-money laundering officers, select bankers, bank tellers, personal bankers, etc. Currently, according to the US Bureau of Labor Statistics there are 153,720 people employed as financial specialists alone in America, and their average annual salary is $64,810. Financial managers make on average $113,730 per year and there are about 495,180 of them employed today. Colleges and universities like Strayer University that provide online education are successfully launching workers into this field.

Typical Work Locations for a Banker
  • Citizens Bank
  • Marshall & Ilsley Corporation
  • Citizens Financial Group
  • Career Solutions Corporation
  • East West Bank
  • Wells Fargo
  • Accounting Career Network
  • Wells Fargo Bank
  • M&I Bank
  • Chase Bank
Potential Advantages and Benefits of Working as a Banker
  • Pays exceptionally well
  • Excellent job opportunities worldwide
  • Insight about the variations in the financial market
  • Educated about fine avenues of investment
  • Influence people and advice them on investment options
  • Arrange and negotiate large financial transactions
  • Employed by investment banking firms and large commercial banks
  • Acting as advisers to client companies and to initiate moneymaking ventures
  • Diverse and challenging works dictated by the financial needs of clients
  • Help individuals and large companies at difficult times
Potential Drawbacks
  • Improper guidance to customer
  • Destroyed customer relationship
  • Highly interest on loan
  • Non-ISO certification
  • Unable to provide online banking
  • Server down everyday if online banking exist
  • Ignored customer condition
  • Financially poor bank
  • Decision making chance ignored
  • Lots of struggle for attracting customer
Related Professions to Consider
  • Personal Banker
  • Coldwell Banker Commercial
  • Business Banker
  • Private Banker
  • Banker Trainee
  • Call Center Personal Banker
  • Personal Banker Trainee Teller
  • Retail Personal Banker
  • Phone Banker
  • Relationship Banker
Possible Interview Questions When Applying to be a Banker
  • What is your qualification?
  • What are the roles and responsibilities of a banker?
  • Tell me about your negative and positive points?
  • What do you do in your free time?
  • Why do you want to enter banking?
  • Have you applied to any other areas apart from banking?
  • How do you feel about committing yourself to another three years of exams?
  • Tell me about an experience in which you had to use tact?
  • Who are our major competitors and what differences do you notice in our products?
  • What significant trends do you see in the future for our industry?
Common Collaborating Professions
  • Mortgage Specialist
  • Senior Credit Analyst
  • Investor
  • Client service specialist
  • Wealth management analyst
  • Customer Service
  • Chief Executive Officer
  • Administrative Assistant
  • Secretary
  • Relationship manager
Banker Training books Banker (More) Popular books Potential Companies to Work For Common College Majors
  • Finance
  • Banking
  • Mathematics
  • Marketing
  • Business
  • Human Resources
  • Agricultural Business
  • Merchandising
  • International Trade
  • Economics

Banker Salary Information

Category: Financial managers

Total # Employed in the US 495,180
Average Hourly Wage: $54.68/hr
Hourly Wage Range
PERCENTILE
10%25%50%75%90%
$26.33 $35.35 $48.65 $66.35 $0.0
Average Yearly Salary $113,730
Yearly Salary Range
PERCENTILE
10%25%50%75%90%
$54,760 $73,530 $101,190 $138,010 $0
Employment Demographics
% OF WORKERS WITH
< High School Diploma High School Diploma Some College Associate Degree Bachelor Degree Master Degree Doctoral Degree
1.0% 12.4% 19.5% 7.9% 40.0% 17.1% 2.1%
Financial managers — WAGES BY STATE, SORTED BY SALARY
STATEAverage Hourly WageAverage Annual Salary
Oklahoma $71.19/hr $148,070
District of Columbia $63.37/hr $131,810
North Dakota $62.74/hr $130,500
Colorado $61.59/hr $128,100
Missouri $58.83/hr $122,370
Florida $58.2/hr $121,050
Nebraska $56.28/hr $117,050
Connecticut $55.91/hr $116,300
Kansas $54.93/hr $114,250
Wyoming $54.39/hr $113,120
Virginia $54.24/hr $112,810
Hawaii $53.83/hr $111,970
South Carolina $53.1/hr $110,440
Delaware $52.86/hr $109,950
Oregon $52.46/hr $109,120
Idaho $51.87/hr $107,880
Puerto Rico $51.68/hr $107,500
New Hampshire $51.47/hr $107,060
New Mexico $50.83/hr $105,730
Mississippi $50.51/hr $105,050
Tennessee $50.51/hr $105,060
West Virginia $49.48/hr $102,920
Utah $49.24/hr $102,410
Kentucky $48.63/hr $101,150
Montana $48.18/hr $100,210
Alabama $47.94/hr $99,710
North Carolina $47.93/hr $99,690
Guam $46.23/hr $96,150
New York $45.91/hr $95,490
Arkansas $45.27/hr $94,160
Louisiana $45.26/hr $94,130
Washington $44.77/hr $93,120
Indiana $42.47/hr $88,340
Alaska $42.2/hr $87,770
Ohio $42.04/hr $87,440
Pennsylvania $41.38/hr $86,060
Maine $41.27/hr $85,830
South Dakota $39.55/hr $82,260
Maryland $39.24/hr $81,620
Wisconsin $39.15/hr $81,430
Michigan $38.7/hr $80,490
Massachusetts $38.57/hr $80,220
California $38.25/hr $79,550
Nevada $37.29/hr $77,570
Iowa $35.5/hr $73,850
New Jersey $35.04/hr $72,890


Category: Business and financial operations occupations

Total # Employed in the US 6,063,670
Average Hourly Wage: $31.68/hr
Hourly Wage Range
PERCENTILE
10%25%50%75%90%
$16.1 $20.93 $28.32 $38.24 $50.34
Average Yearly Salary $65,900
Yearly Salary Range
PERCENTILE
10%25%50%75%90%
$33,490 $43,530 $58,910 $79,550 $104,700
Employment Demographics
% OF WORKERS WITH
< High School Diploma High School Diploma Some College Associate Degree Bachelor Degree Master Degree Doctoral Degree
% % % % % % %
Business and financial operations occupations — WAGES BY STATE, SORTED BY SALARY
STATEAverage Hourly WageAverage Annual Salary
Florida $40.24/hr $83,700
Oklahoma $39/hr $81,110
Missouri $37.01/hr $76,990
Delaware $35.92/hr $74,700
North Dakota $34.97/hr $72,730
Mississippi $34.81/hr $72,410
Colorado $34.45/hr $71,650
Idaho $33.21/hr $69,080
Connecticut $32.67/hr $67,950
Kansas $32.17/hr $66,920
District of Columbia $31.51/hr $65,540
Utah $31.16/hr $64,810
Montana $30.97/hr $64,430
Wyoming $30.96/hr $64,390
Alaska $30.84/hr $64,140
Virginia $30.33/hr $63,080
Ohio $29.65/hr $61,670
Alabama $29.6/hr $61,560
South Carolina $29.07/hr $60,470
Oregon $28.9/hr $60,110
Nebraska $28.73/hr $59,770
North Carolina $28.68/hr $59,650
New York $28.54/hr $59,370
Hawaii $28.47/hr $59,210
Tennessee $28.42/hr $59,120
Puerto Rico $28.39/hr $59,060
Arkansas $28.28/hr $58,830
Kentucky $28.15/hr $58,540
Maine $28.06/hr $58,370
Indiana $28.03/hr $58,290
Wisconsin $27.94/hr $58,100
New Hampshire $27.85/hr $57,930
Guam $27.62/hr $57,450
New Mexico $27.4/hr $56,990
Washington $26.73/hr $55,590
Michigan $26.59/hr $55,320
Louisiana $26.34/hr $54,790
Iowa $25.87/hr $53,810
Maryland $25.7/hr $53,450
Massachusetts $25.68/hr $53,420
Pennsylvania $25.39/hr $52,800
California $25.08/hr $52,170
West Virginia $24.99/hr $51,980
South Dakota $24.87/hr $51,720
New Jersey $24.7/hr $51,370
Nevada $24.38/hr $50,710


Category: Financial analysts

Total # Employed in the US 235,240
Average Hourly Wage: $40.98/hr
Hourly Wage Range
PERCENTILE
10%25%50%75%90%
$21.19 $26.75 $35.42 $47.56 $67.0
Average Yearly Salary $85,240
Yearly Salary Range
PERCENTILE
10%25%50%75%90%
$44,080 $55,640 $73,670 $98,920 $139,350
Employment Demographics
% OF WORKERS WITH
< High School Diploma High School Diploma Some College Associate Degree Bachelor Degree Master Degree Doctoral Degree
0.9% 4.4% 10.1% 2.7% 44.6% 31.0% 6.2%
Financial analysts — WAGES BY STATE, SORTED BY SALARY
STATEAverage Hourly WageAverage Annual Salary
Oklahoma $51.75/hr $107,650
Colorado $46.61/hr $96,960
Delaware $45.69/hr $95,040
Missouri $45.08/hr $93,760
Tennessee $43.83/hr $91,170
Florida $42.91/hr $89,260
Connecticut $40.68/hr $84,620
Kansas $40.59/hr $84,420
Michigan $39.96/hr $83,120
District of Columbia $39.17/hr $81,480
Mississippi $39.15/hr $81,420
Wyoming $38.4/hr $79,860
North Dakota $38.24/hr $79,540
Indiana $37.6/hr $78,210
Montana $37.35/hr $77,680
Utah $37.19/hr $77,360
Maine $37.09/hr $77,160
Idaho $36.88/hr $76,710
Alaska $36.63/hr $76,190
Puerto Rico $36.24/hr $75,370
Nebraska $36.23/hr $75,360
Oregon $36.17/hr $75,230
Ohio $35.74/hr $74,340
New Hampshire $35.34/hr $73,520
South Carolina $35.19/hr $73,200
Massachusetts $33.62/hr $69,940
Wisconsin $33.55/hr $69,790
Kentucky $33.03/hr $68,690
Hawaii $32.79/hr $68,210
North Carolina $32.5/hr $67,590
Arkansas $32.13/hr $66,820
Nevada $31.89/hr $66,340
Louisiana $31.46/hr $65,430
Maryland $31.24/hr $64,980
Virginia $30.94/hr $64,350
Alabama $30.55/hr $63,540
Iowa $30.29/hr $63,000
New York $30.14/hr $62,680
Guam $30.01/hr $62,420
New Jersey $29.97/hr $62,340
South Dakota $29.93/hr $62,260
Washington $29.6/hr $61,570
California $29.07/hr $60,470
Pennsylvania $29.05/hr $60,420
New Mexico $28.12/hr $58,490
West Virginia $26.36/hr $54,830


Category: Personal financial advisors

Total # Employed in the US 149,460
Average Hourly Wage: $45.28/hr
Hourly Wage Range
PERCENTILE
10%25%50%75%90%
$16.25 $21.52 $32.79 $56.05 $0.0
Average Yearly Salary $94,180
Yearly Salary Range
PERCENTILE
10%25%50%75%90%
$33,790 $44,760 $68,200 $116,580 $0
Employment Demographics
% OF WORKERS WITH
< High School Diploma High School Diploma Some College Associate Degree Bachelor Degree Master Degree Doctoral Degree
0.6% 4.7% 12.3% 4.9% 50.4% 21.3% 5.9%
Personal financial advisors — WAGES BY STATE, SORTED BY SALARY
STATEAverage Hourly WageAverage Annual Salary
Oklahoma $70.41/hr $146,460
Missouri $67.01/hr $139,390
Delaware $60.2/hr $125,210
Alabama $52.04/hr $108,240
Utah $46.68/hr $97,090
Kentucky $46.63/hr $96,980
North Dakota $45.65/hr $94,950
Idaho $45.65/hr $94,960
Wisconsin $45.49/hr $94,630
Mississippi $43.92/hr $91,350
Colorado $43.91/hr $91,330
Montana $43.43/hr $90,330
New Hampshire $43.31/hr $90,090
South Carolina $42.64/hr $88,700
Virginia $40.84/hr $84,950
Maine $40.27/hr $83,760
Connecticut $40.04/hr $83,290
Wyoming $39.89/hr $82,970
Florida $39.58/hr $82,320
California $39.42/hr $81,990
New Jersey $39.29/hr $81,710
Kansas $38.85/hr $80,810
Puerto Rico $36.84/hr $76,620
District of Columbia $35.64/hr $74,130
Washington $35.34/hr $73,510
New York $35.2/hr $73,210
Tennessee $35.06/hr $72,930
West Virginia $35.03/hr $72,860
Guam $34.82/hr $72,420
Ohio $34.38/hr $71,500
Michigan $33.44/hr $69,560
Maryland $33.23/hr $69,130
Indiana $32.19/hr $66,950
Hawaii $31.16/hr $64,810
Oregon $30.68/hr $63,820
Louisiana $30.11/hr $62,630
New Mexico $29.28/hr $60,910
Nebraska $29/hr $60,330
Arkansas $28.62/hr $59,520
Pennsylvania $28.02/hr $58,280
Alaska $27.5/hr $57,200
South Dakota $24.37/hr $50,690
Iowa $23.89/hr $49,690
Nevada $22.78/hr $47,380


Category: Financial examiners

Total # Employed in the US 26,050
Average Hourly Wage: $38.01/hr
Hourly Wage Range
PERCENTILE
10%25%50%75%90%
$19.56 $24.96 $34.49 $48.02 $62.32
Average Yearly Salary $79,070
Yearly Salary Range
PERCENTILE
10%25%50%75%90%
$40,680 $51,920 $71,750 $99,870 $129,620
Employment Demographics
% OF WORKERS WITH
< High School Diploma High School Diploma Some College Associate Degree Bachelor Degree Master Degree Doctoral Degree
0.2% 7.8% 11.7% 4.7% 57.2% 16.5% 1.9%
Financial examiners — WAGES BY STATE, SORTED BY SALARY
STATEAverage Hourly WageAverage Annual Salary
Florida $60.77/hr $126,410
Kansas $43.83/hr $91,170
Oklahoma $42.68/hr $88,780
North Dakota $42.61/hr $88,620
Delaware $42.32/hr $88,020
Oregon $42.24/hr $87,870
Colorado $40.7/hr $84,650
Missouri $39.81/hr $82,810
Idaho $39.5/hr $82,160
Ohio $39.39/hr $81,930
District of Columbia $39.04/hr $81,210
Connecticut $38.92/hr $80,950
Hawaii $38.74/hr $80,580
Utah $38.02/hr $79,080
South Dakota $37.37/hr $77,730
Massachusetts $36.74/hr $76,410
Wyoming $36.71/hr $76,360
New Hampshire $36.66/hr $76,240
South Carolina $36.46/hr $75,840
Virginia $36.1/hr $75,090
Kentucky $36.06/hr $75,010
Louisiana $35.69/hr $74,230
North Carolina $35.48/hr $73,790
Maine $35.14/hr $73,100
Maryland $34.42/hr $71,600
Guam $34.33/hr $71,400
Wisconsin $34.22/hr $71,190
Washington $33.96/hr $70,630
Nebraska $33.32/hr $69,300
Montana $33.09/hr $68,830
Tennessee $33.08/hr $68,810
Pennsylvania $32.73/hr $68,080
New Mexico $32.5/hr $67,600
Indiana $31.98/hr $66,520
Mississippi $31.86/hr $66,260
West Virginia $31.84/hr $66,220
Michigan $30.9/hr $64,280
New Jersey $30.3/hr $63,030
Puerto Rico $29.96/hr $62,310
California $28.88/hr $60,060
Nevada $28.64/hr $59,570
Alabama $27.78/hr $57,790
Arkansas $27.69/hr $57,590
Iowa $25.41/hr $52,860


Category: Financial specialists, all other

Total # Employed in the US 153,720
Average Hourly Wage: $31.16/hr
Hourly Wage Range
PERCENTILE
10%25%50%75%90%
$16.87 $21.18 $28.05 $37.63 $49.31
Average Yearly Salary $64,810
Yearly Salary Range
PERCENTILE
10%25%50%75%90%
$35,100 $44,050 $58,350 $78,280 $102,560
Employment Demographics
% OF WORKERS WITH
< High School Diploma High School Diploma Some College Associate Degree Bachelor Degree Master Degree Doctoral Degree
2.2% 15.8% 21.1% 10.0% 34.1% 13.9% 2.9%
Financial specialists, all other — WAGES BY STATE, SORTED BY SALARY
STATEAverage Hourly WageAverage Annual Salary
Florida $43.46/hr $90,410
Delaware $38.77/hr $80,650
Missouri $34.91/hr $72,610
Kansas $34.77/hr $72,320
Oklahoma $33.78/hr $70,260
Colorado $32.56/hr $67,730
Connecticut $32.46/hr $67,510
Nevada $32.26/hr $67,100
Indiana $31.91/hr $66,370
Maine $31.89/hr $66,330
West Virginia $31.67/hr $65,880
North Dakota $31.64/hr $65,810
South Carolina $31.45/hr $65,410
Oregon $31.17/hr $64,830
Mississippi $31.03/hr $64,530
Utah $31.02/hr $64,510
Alabama $30.91/hr $64,280
North Carolina $30.82/hr $64,100
Montana $29.98/hr $62,350
New Hampshire $29.64/hr $61,660
South Dakota $29.61/hr $61,590
Wisconsin $29.45/hr $61,260
Guam $29.28/hr $60,900
New Mexico $29.15/hr $60,640
Wyoming $29.13/hr $60,590
Washington $29.11/hr $60,540
Nebraska $28.86/hr $60,030
Alaska $28.72/hr $59,740
Tennessee $28.51/hr $59,300
Kentucky $28.3/hr $58,870
Hawaii $28.26/hr $58,790
Puerto Rico $28.21/hr $58,670
Ohio $27.99/hr $58,220
New York $26.99/hr $56,130
Iowa $26.77/hr $55,680
Idaho $26.69/hr $55,510
Virginia $26.36/hr $54,820
Michigan $25.94/hr $53,940
Arkansas $24.76/hr $51,490
Maryland $24.68/hr $51,340
New Jersey $24.47/hr $50,890
Louisiana $24.21/hr $50,350
California $22.93/hr $47,680
Pennsylvania $22.56/hr $46,920


Category: Financial Managers, Branch or Department

Total # Employed in the US 495,180
Average Hourly Wage: $54.68/hr
Hourly Wage Range
PERCENTILE
10%25%50%75%90%
$26.33 $35.35 $48.65 $66.35 $0.0
Average Yearly Salary $113,730
Yearly Salary Range
PERCENTILE
10%25%50%75%90%
$54,760 $73,530 $101,190 $138,010 $0
Employment Demographics
% OF WORKERS WITH
< High School Diploma High School Diploma Some College Associate Degree Bachelor Degree Master Degree Doctoral Degree
1.0% 12.4% 19.5% 7.9% 40.0% 17.1% 2.1%


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