Friday, June 2, 2023

How Much Do Bank Tellers Make Per Year? (Part Time and Full Time)

The job of a bank teller can be very lucrative. Nevertheless, it is also full of challenges and you must be prepared to face these difficulties. When you become a bank teller, it is imperative to deal with different types of customers. Tellers are considered to be the frontline workers of any banking institution which makes their job more difficult. It requires not only expertise in accounting and numbers but also skills in personal interface.

Employment Status

Full-time bank tellers have a busy schedule that sometimes goes beyond the typical Monday to Friday schedule and eight-hour work week. However, about 30 percent of the work force provides part-time service. This figure was provided by the US Bureau of Labor Statistics. Also, this government office also predicted a one percent increase from 2010 to 2020. It used to be bigger but the emergence of mobile and online banking somehow reduced the need for more tellers.

Compensation of Full-Time and Part-Time Tellers

How much do they make? For full-time employees, the median salary is $24,780 annually. This is $11.91 per hour, based on BLS records for May 2011. Wages can go up to $32,520 or slide down to $18,270. Last year, most tellers worked for depository banks. This covered 90 percent of approximately 580,000 positions and translates to an income calculated at $24,750 per year.

On the other hand, part-time bank teller jobs had the same standard hourly pay but work hours ranged from a minimum of one hour to 34 hours weekly. According to the BLS, a part-time teller will earn from $12.00 to $408.00 depending on the number of hours worked. The salary range indicates that the 10th percentile or statistical measure of bank tellers has an hourly rate of $9.10. In other words, 90 percent of part-time workers earn less than $15.70 while only 10 percent earn more than this figure.

Teller Income Per State

Additional data showed that states with large populations had the highest number of Bank Teller Jobs, California was second with 54,710 bank teller positions and an average salary of $27,250 each year. Texas ranked second with 41,120 jobs and an average of $24,060. The highest paying employers came from Alaska with $29,290. Banks in Massachusetts also paid well, with an average of $28,3710. Urban centers offered ideal job opportunities, starting with New York City, where approximately 32,660 tellers were paid an average of $27,200. Los Angeles was next with 20,520 positions with a standard salary of approximately $26,800 annually.

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