Banking & Finance Administration
How much can I expect to earn?
In general, greater responsibilities result in a higher salary.
Experience, length of service, and, especially, the location and size of
the bank also are important. In addition to typical benefits, equity
sharing and performance-based pay increasingly are part of compensation
packages for some bank employees. As banks encourage employees to become
more sales-oriented, incentives are increasingly tied to meeting sales
goals, and some workers may even receive commissions for sales or
referrals. As in other industries, part-time workers do not enjoy the
same benefits that full-time workers do.
U.S. Department of Labor - Bureau of Labor Statistics
Median hourly earnings of the largest occupations in financial services
firms as of May 2004
| Occupation |
Earnings |
| Financial managers |
$31.02 |
| Loan officers |
$21.38 |
| First-line supervisors/managers of office and
administrative support workers |
$17.78 |
| Executive secretaries and administrative
assistants |
$16.52 |
| Loan interviewers and clerks |
$13.13 |
| New accounts clerks |
$12.84 |
| Customer service representatives |
$12.57 |
| Bookkeeping, accounting, and auditing clerks |
$12.33 |
| Office clerks, general |
$11.21 |
| Tellers |
$10.17 |
What are Employer Expectations?
Today's employers in the field of banking and finance expect employees
to be equipped with a wide variety of knowledge and skills including
technical, problem-solving, and effective public and in-house
communication abilities. The Jefferson State Community College Finance
Administration program provides the opportunity to learn bank
operations, money and banking, home mortgage lending, installment credit
and management skills, rounded out with other courses such as
accounting, economics, sociology, communications, and business law. Upon
graduation you will be qualified for positions in financial service
firms such as banks, investment and brokerage houses, credit unions and
other financial institutions. A career in banking and finance is sure to
be challenging and rewarding!
Financial service firms that have employed our students:
- AmSouth Bank
- Wachovia Bank
- Regions Bank
- First American Bank
- Alabama National Bancorporation
- National Bank of Commerce
- Colonial Bank
- Compass Bank
- First Commercial Bank