Banking Associate salary

Q: What state pays Banking Associates the most?

New York pays Banking Associates the most in the United States, with an average salary of $107,417 per year, or $51.64 per hour.

Q: How do I know if I'm being paid fairly as a Banking Associate?

You know if you are being paid fairly as a Banking Associate if your pay is close to the average pay for the state you live in. For example, if you live in Florida you should be paid close to $103,023 per year.

Q: How much do associates make at JP Morgan?

Associates at JP Morgan get paid around $85,000 in a year on average. The pay for an associate position at JP Morgan can range from $75,000 per year to over $100,00 in a year. This is because several factors influence the salary of associates at JP Morgan. These factors include education, experience level, and location.

Q: How much do associates make at banks?

Associates at banks can make between $50,000 and $100,000 in a year. How much money a person makes as a banker depends on their specialization, experience level, and education. For example, a motivated personal banker can make more than $50,000 in total compensation their first year and more than that after establishing a broad customer base.

Average banking associate salary

$81,890

$39.37 hourly rate

Entry-level banking associate salary

$47,000 yearly salary

Updated January 8, 2025

How much does a banking associate make?

The average banking associate salary in the United States is $81,890. Banking associate salaries typically range between $47,000 and $141,000 yearly. The average hourly rate for banking associates is $39.37 per hour.

Banking associate salary is impacted by location, education, and experience. Banking associates earn the highest average salary in New York.

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Where can a Banking Associate earn more?

Compare salary by location

128k

108k

88k

68k

48k

28k

Columbus, OH$109,752

Vancouver, WA$57,918

Compare salary by company

158k

138k

118k

98k

78k

Citi$142,884

VETRO FiberMap$107,726

Banking Associate Salaries By Experience Level

Banking Associate salary estimates from across the web

Based on the latest salary information compiled by Zippia, Glassdoor, Ziprecruiter and Comparably, the average salary for a banking associate typically falls between $54,756 and $168,750.

zippia

$81,890yearly

glassdoor[1]

$54,756yearly

comparably[2]

$58,893yearly

ZipRecruiter[3]

$168,750yearly

Average banking associate salary by state

The average banking associate salary in New York, Florida, and Massachusetts are the highest in the U.S. The lowest average banking associate salary states are Kentucky, Indiana, and Colorado.

State View
County View

Average Salary:

Highest paying states for banking associates

Rank	State	Avg. Salary	Hourly Rate
1	New York	$107,417	$51.64
2	Rhode Island	$90,505	$43.51
3	Massachusetts	$100,980	$48.55
4	Florida	$103,023	$49.53
5	New Hampshire	$89,201	$42.89
6	Maine	$82,385	$39.61
7	Vermont	$81,459	$39.16
8	Delaware	$87,528	$42.08
9	Pennsylvania	$80,963	$38.92
10	Maryland	$87,010	$41.83
11	New Jersey	$77,500	$37.26
12	Virginia	$85,822	$41.26
13	Connecticut	$78,093	$37.54
14	District of Columbia	$84,277	$40.52
15	North Carolina	$71,074	$34.17
16	Arizona	$69,694	$33.51
17	Georgia	$71,282	$34.27
18	Hawaii	$77,299	$37.16
19	South Carolina	$69,803	$33.56
20	California	$74,556	$35.84
21	West Virginia	$70,479	$33.88
22	Ohio	$58,597	$28.17
23	Alabama	$66,085	$31.77
24	Nevada	$64,693	$31.10
25	Michigan	$59,544	$28.63
26	Mississippi	$65,609	$31.54
27	Texas	$61,976	$29.80
28	Alaska	$52,549	$25.26
29	New Mexico	$62,505	$30.05
30	Illinois	$55,982	$26.91
31	Minnesota	$61,263	$29.45
32	Louisiana	$57,302	$27.55
33	Wisconsin	$55,033	$26.46
34	North Dakota	$57,562	$27.67
35	Tennessee	$55,712	$26.78
36	Idaho	$52,609	$25.29
37	Nebraska	$53,568	$25.75
38	Montana	$49,860	$23.97
39	Iowa	$56,773	$27.29
40	Wyoming	$51,799	$24.90
41	Arkansas	$57,972	$27.87
42	Kansas	$56,017	$26.93
43	South Dakota	$52,896	$25.43
44	Indiana	$51,588	$24.80
45	Oregon	$55,970	$26.91
46	Utah	$46,641	$22.42
47	Washington	$54,713	$26.30
48	Kentucky	$51,677	$24.84
49	Colorado	$51,111	$24.57
50	Missouri	$54,948	$26.42
51	Oklahoma	$44,316	$21.31

Top banking associate jobs near you

Highest paying cities for banking associates

The highest-paying cities for banking associates are White Plains, NY, Miami, FL, and Boston, MA.

Rank	City	Avg. Salary	Hourly Rate
1	White Plains, NY	$109,752	$52.77
2	Miami, FL	$109,000	$52.40
3	Boston, MA	$101,920	$49.00
4	Providence, RI	$90,683	$43.60
5	Richmond, VA	$85,341	$41.03
6	Washington, DC	$84,511	$40.63
7	Portland, ME	$84,234	$40.50
8	Philadelphia, PA	$82,524	$39.67
9	New Haven, CT	$78,315	$37.65
10	Jersey City, NJ	$77,690	$37.35
11	Menlo Park, CA	$76,212	$36.64
12	Atlanta, GA	$70,163	$33.73
13	Phoenix, AZ	$69,530	$33.43
14	Charlotte, NC	$68,506	$32.94
15	Las Vegas, NV	$64,892	$31.20
16	San Antonio, TX	$64,891	$31.20
17	Cleveland, OH	$62,065	$29.84
18	Albuquerque, NM	$61,558	$29.60
19	New Orleans, LA	$58,143	$27.95
20	Vancouver, WA	$57,918	$27.85

Banking Associate salary details

A banking associate's salary ranges from $47,000 a year at the 10th percentile to $141,000 at the 90th percentile.

Average Banking Associate Salary Graph, Trends, and Summary

What is a banking associate's salary?

Percentile	Annual Salary	Monthly Salary	Hourly Rate
90th Percentile	$141,000	$11,750	$68
75th Percentile	$109,000	$9,083	$52
Average	$81,890	$6,824	$39
25th Percentile	$61,000	$5,083	$29
10th Percentile	$47,000	$3,917	$23

Highest paying banking associate jobs

The highest paying types of banking associates are finance associate, bank officer, and associate.

Job Title	Annual Salary	Monthly Salary	Hourly Rate	Job Openings
Teller Supervisor	$39,971	$3,331	$19.22	9,742
Vault Teller	$32,352	$2,696	$15.55	11,212
Lead Teller	$42,554	$3,546	$20.46	10,015
Head Teller	$46,820	$3,902	$22.51	17,164
Service Officer	$48,547	$4,046	$23.34	213,294
Float Teller	$32,064	$2,672	$15.42	14,928

Top companies hiring banking associates now:

Which companies pay banking associates the most?

Banking associate salaries at Citi and Lazard are the highest-paying according to our most recent salary estimates. In addition, the average banking associate salary at companies like Morgan Stanley and Merrill Lynch are highly competitive.

Rank	Company	Average Salary	Hourly Rate
1	Citi	$142,884	$68.69
2	Lazard	$131,465	$63.20
3	Morgan Stanley	$130,371	$62.68
4	Merrill Lynch	$126,752	$60.94
5	Goldman Sachs	$125,174	$60.18
6	BMO Capital Markets	$120,552	$57.96
7	Barclays	$120,545	$57.95
8	Safra National Bank of New York	$118,471	$56.96
9	Lehman's	$116,440	$55.98
10	HSBC Bank	$116,070	$55.80
11	Citicorp North America, Inc	$115,199	$55.38
12	J.P. Morgan	$113,986	$54.80
13	MUFG EMEA	$113,573	$54.60
14	Central Pacific Bank	$111,287	$53.50
15	Nomura Securities	$111,198	$53.46
16	Provident Financial Management	$110,450	$53.10
17	Royal Bank of Canada	$109,592	$52.69
18	The Bank, Inc.	$107,726	$51.79
19	Canadian Imperial Holdings, Inc.	$107,726	$51.79
20	VETRO FiberMap	$107,726	$51.79

Wage gap by gender, race and education

$88,000$87,200$86,400$85,600$84,800$84,000

MaleFemale

Banking Associate salary trends

The average banking associate salary has risen by $20,159 over the last ten years. In 2014, the average banking associate earned $61,731 annually, but today, they earn $81,890 a year. That works out to a 20% change in pay for banking associates over the last decade.

Compare banking associate salaries for cities or states with the national average over time.

Average banking associate salary over time

Compare banking associate salaries for individual cities or states with the national average.

National Average
Columbus, OH

Banking Associate salary by year

Year	Avg. Salary	Hourly Rate	% Change
2025	$81,900	$39.37	+4.3%
2024	$78,400	$37.69	+5.7%
2023	$73,900	$35.54	+4.6%
2022	$70,600	$33.93	+3.0%
2021	$68,400	$32.90	+3.1%

Recently added banking associate salaries

Company	Job	Location	Date Added	Salary
Bok Financial Co	2025 Accelerated Career Track-Commercial Banking Associate	Tulsa, OK	12/16/2024	$102,263
BMO Financial	Associate Banker	Incline Village, NV	12/16/2024	$41,715
Blackhornvc	Banker Associate, Government-Middle Market Banking Specialized Industries-Associate	New York, NY	12/16/2024	$100,000
Blackhornvc	Banker Associate, Government-Middle Market Banking Specialized Industries-Associate	Los Angeles, CA	12/16/2024	$72,383
Flagstar Bank	Corporate Banking Relationship Associate	Fine, NY	12/15/2024	$84,878
BMO Harris Bank	Personal Banking Associate	Edmonton, KY	12/15/2024	$35,000
BMO Harris Bank	Associate Banker	Vancouver, WA	12/15/2024	$41,715
BMO Harris Bank	Associate Banker	Phoenix, AZ	12/15/2024	$41,715
BMO Harris Bank	Associate Banker	Chicago, IL	12/15/2024	$41,715
BMO Harris Bank	Associate Banker	Huron, SD	12/15/2024	$41,715

Banking Associate salary FAQs

What state pays Banking Associates the most?

How do I know if I'm being paid fairly as a Banking Associate?

How much do associates make at JP Morgan?

How much do associates make at banks?

Have more questions? See all answers to common office and administrative questions.

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Updated January 8, 2025

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