Best Place To Apply For Full Time Accounting Finance Internships How Much Do Bank Tellers Make Per Year? (Part Time and Full Time)

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

The job of a bank teller can be very lucrative. However, it is also full of challenges and you should be ready to face these difficulties. 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 difficult. It requires not only knowledge in accounting and numbers, but also skills in personal interface.

Work situation

Full-time bank tellers have a busy schedule that sometimes goes beyond the usual Monday-Friday hours and eight-hour work week. However, almost 30 percent of the workforce serves part-time. This figure was provided by the US Bureau of Labor Statistics. At the same time, this government office also predicted one percent growth from 2010 to 2020. It used to be higher, but the advent of mobile and online banking has somehow reduced the need for more tellers.

Compensation of full-time and part-time cashiers

How much do they earn? For full-time employees, the median salary is $24,780 annually. That’s $11.91 an hour according to May 2011 BLS records. Salaries can go up to $32,520 or down to $18,270. Last year, most tellers worked for custodian banks. This consisted of 90 percent of nearly 580,000 positions and translates into income calculated at $24,750 each year.

On the other hand, part-time bank teller jobs had the same standard hourly wage, but the work time is from a minimum of one hour to 34 hours per week. According to the BLS, a part-time cashier will earn anywhere 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 shows that the hourly rate is $9.10. In other words, 90 percent of part-time workers earn less than $15.70 while only $10 manage to earn more than this 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 salary of $27,250 per year. Texas came in second with 41,120 jobs and an average of $24,060. The highest paying employers were from Alaska at $29,290. Massachusetts banks also paid well with an average of $28.3710. Urban centers offered ideal job opportunities starting with New York City, where some 32,660 cashiers earned an average of $27,200. Los Angeles was next with 20,520 positions with a standard salary of nearly $26,800 annually.

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