The job of a bank teller can be very lucrative. Yet, it is also full of challenges and you must be ready to cope with these hardships. When you become a bank teller, it is imperative to deal with different kinds of customers. Tellers are considered the front line personnel of any banking institution which makes their job more difficult. It requires not only expertise in accounting and numbers but also skills in personal interface.
Bank Tellers Employment Status
Full-time bank tellers have a busy timetable which sometimes goes beyond the usual Monday-to-Friday schedule and eight-hour work week. However, almost 30 percent of the work force renders part-time service. This figure was provided by the U.S. Bureau of Labor Statistics. At the same time, this government office also predicted a growth of one percent from 2010 to 2020. This used to be bigger but the emergence of mobile and online banking somehow reduced the need for more tellers.
Compensation of Full-time and Part-time Tellers
How much do bank tellers make? For full-time employees, the average salary is $24,780 annually. This is $11.91 every hour based on May 2011 records of the BLS. Wages can go up to as much as $32,520 or go down to $18,270. Last year, majority of tellers worked for depository banks. This consisted of 90 percent of nearly 580,000 positions and translates to income computed at $24,750 every year.
2010 Bureau Of Labor Statistics – Bank Teller Pay
On the other hand, part-time bank teller jobs had the same standard hourly wages but working time is from a minimum of one hour up to 34 hours weekly. According to the BLS, the part-time teller will make from $12.00 to as much as $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.
Tellers Income per State
Additional statistics showed that states with large populations had the most number of bank teller jobs. California was at number on with 54,710 bank teller positions and average of $27,250 each year. Texas came second with 41,120 jobs and an average of $24,060. The highest-paying employers came from Alaska with $29,290. Banks in Massachusetts also paid well with a median of $28, 3710. The urban hubs offered ideal job opportunities starting with New York City where some 32,660 tellers were paid an average of $27,200. Los Angeles was next with 20,520 positions with standard pay of almost $26,800 yearly.