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How Much Do Bank Tellers Make Per Year? (Part Time and Full Time)
The job of bank teller can be very lucrative. Yet it is also full of challenges and you must be prepared to face these trials. When you become a bank teller, it is imperative to deal with different types of customers. Tellers are considered the frontline staff of any banking institution, which makes their job more difficult. This not only requires expertise in accounting and numbers, but also personal interface skills.
Employment status
Full-time bank tellers have busy schedules that sometimes exceed the usual Monday-Friday schedule and eight-hour work week. However, nearly 30% of the workforce performs part-time service. This figure was provided by the US Bureau of Labor Statistics. At the same time, this government office also predicted a growth of 1% from 2010 to 2020. Previously, this was more important, but the emergence of mobile and online banking has somehow reduced the need for more tellers. .
Remuneration of full-time and part-time cashiers
How much do they earn? For full-time employees, the average salary is $24,780 per year. That’s $11.91 per hour based on May 2011 BLS records. Salaries can go up to $32,520 or go down to $18,270. Last year, the majority of scrutineers worked for custodian banks. This accounted for 90% of almost 580,000 positions and translates into a calculated income of $24,750 each year.
On the other hand, part-time bank teller jobs had the same standard hourly wage, but the working time ranged from a minimum of one hour to 34 hours per week. According to the BLS, the part-time cashier will earn $12.00 to $408.00 depending on the number of hours worked. The salary scale indicates that the 10th percentile or the statistical measure of bank tellers shows that the hourly rate is $9.10. In other words, 90% of part-time workers earn less than $15.70 while only $10 manage to earn more than that figure.
Teller Income by State
Additional statistics showed that states with large populations had the highest number of bank teller jobs. California was number one with 54,710 bank teller positions and an average of $27,250 per year. Texas came second with 41,120 jobs and an average of $24,060. The highest paying employers were from Alaska with $29,290. Massachusetts banks also paid well with a median of $28,3710. Urban centers offered ideal employment opportunities beginning with New York where some 32,660 cashiers were paid an average of $27,200. Los Angeles followed with 20,520 positions with a standard salary of nearly $26,800 per year.
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