| Home > Careers-in-Finance > Commercial Banking > Salaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Careers in Finance |
  |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Commercial Banking
Site Info
![]()
|
Banking is not known for high salaries (it's a margin business which puts downward pressure on pay). Starting salaries in commercial banking with a bachelor's degree range in 1999/2000 have been in the $24,000 to $38,000 range. Starting salaries with an MBA degree range from $30,000 to $50,000 (up to low $60s at money center banks). After five to ten years in banking you should expect a salary in the $50,000 to $60,000 range. Below are salaries and typical qualification prerequisites for bankers:
Offers made by major regionals and money center banks in 1999 to MBA students have ranged from the high 40s to low 80s. A good offer would be somewhere in the high 50s. The following describe average salaries for money center/regional banks from the Robert Half Salary Guide. Deduct 15% for banks with less than $100 million in assets.
For those of you after the big bucks, they can be had in banking. A good portfolio manager can get hired at a bank with a salary in excess of $500,000. Chief Financial Officers at money center banks can command $300,000 to $500,000 with a hefty bonus added in. Chief technology officers only make slighly less.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||