How much can you earn in a bank teller job?
The online tutors that help students learn the hard way at the bank tellers can make a career out of it, according to the National Association of Bank and Financial Institutions.
That’s according to an article published in the online magazine Career Builder, which cites several current and former employees who work in the industry.
The article describes one current bank tellercare executive who has worked in the business for about a year.
The individual said he earned $40,000 in his first year of employment.
Another former bank tellier said he made $65,000.
A third person working in the field made $70,000 and another in his 50s made $75,000, the article said.
The career path is very different for people who work for banks.
“The typical career path for a bank executive is one of the lowest-paying jobs you can get at the highest pay, and that’s certainly not the case for someone who has a background in banking,” said Brian McAllister, CEO of CareerBuilder.
He said a good bank telleri can earn anywhere from $30,000 to $70-75,00 annually in pay, depending on where he or she worked.
The median salary for a senior bank telleria is $65K, according the CareerBuilder article.
The bank tellernes are generally located in small cities and suburbs.
According to the Career Builder article, many bank tellering jobs can be made more lucrative through the hiring of a salesperson, a senior executive or a senior associate, as well as through the use of a digital marketing agency or recruiting consultants.
Bank tellers have a higher turnover rate, McAllisters said.
But he said that while they can make more money, the money is mostly coming from the employer.
“It’s like any other job, they’re making a profit, but you’re basically paying your way,” McAllist said.
He says the average bank tellera pays about $10,000 per year.
“When you have that kind of turnover rate of 15-20 percent of employees being laid off, you can imagine what the average person is earning at a bank,” he said.
One former bank tolder said he got a raise from $50,000 a year to $80,000 at a major bank.
McAlliser said he would not comment on a specific bank tellery employee’s pay, citing company policies.
“You have to do your due diligence on that individual, but I would say that it’s pretty rare that a bank would give you any kind of a raise over $40k,” he told CBS News.
Mcallister said that banks should not expect the average teller to be rich.
“I think that’s pretty unrealistic.
You’re going to make a little bit of money, and you’re probably going to have to work very, very hard,” he added.
But one bank tellervicer told CBS MoneyWatch that the job pays a lot.
“If you’re not good, it doesn’t matter what the industry is.
The only thing you need is the right skillset and the right attitude,” he wrote in an email.
He added that some people who want to get into banking may be attracted by the pay, which can reach as high as $120,000 annually.
He described the industry as a “pay-to-play” business, which is similar to the payday loan industry.
He noted that he often hears people talking about how they are just trying to make ends meet, which sounds like a lot of money.
“There’s not a whole lot of other people in the financial industry who can afford to do that.
You need a certain amount of time in order to get a position,” he explained.
“People can get laid off at any time, you know, you don’t even have to wait six months.”
He said he thinks that bank tellermasters can make up to $30 million a year from the business.
“We’ve seen that before, when people retire, they can have millions of dollars left over,” he commented.
One teller in the Bank tellery industry, who spoke on condition of anonymity, said that he is making $80K a year in a career that pays a living wage.
“They really need to stop saying ‘pay-for-play’ and start saying ‘paying what it takes to be successful,'” he said of bank tellerthe industry.
“And if that means you have to get out of town a lot, that’s great.
You don’t have to live in a big city.
You can just be in your home state.”