Commercial Banking Salary Guide

Commercial Banking Salary Guide

In this commercial banking salary guide, we cover several jobs in the commercial banking sector and their corresponding midpoint salaries for 2018. A commercial bankTop Banks in the USAAccording to the US Federal Deposit Insurance Corporation, there were 6,799 FDIC-insured commercial banks in the USA as of February 2014. The country's central bank is the Federal Reserve Bank, which came into existence after the passage of the Federal Reserve Act in 1913 is a financial institution that provides a range of services, including granting loans, accepting deposits, and providing savings accounts and certificates of depositsCallable Certificate of DepositA callable certificate of deposit is an FDIC-insured time deposit with a bank or other financial institutions. Callable CDs can be redeemed by the issuer before its actual maturity date, within a specified time frame and call price. Like other regular CDs, a callable CD pays a fixed interest rate over its lifetime, and to individuals and businesses.

Commercial Banking Salary Guide – Jobs in the US

Demand for various finance professionals remains strong among commercial banks, asset management firms, and lending companies. They include financial analystsFinancial Analyst Job DescriptionSee a real Financial Analyst Job Description including all the skills, experience, and education required to be the successful candidate for the job. Perform financial forecasting, reporting, and operational metrics tracking, analyze financial data, create financial models and experts in risk and compliance, credit analytics, and data analytics. Financial institutions are also on the lookout for candidates who can handle tasks such as business development, relationship management, and operations. Jobs in the sector include commercial lender, private banker, relationship banker, loan officer, portfolio manager, and business development officer.

Most commercial bankers specialize in areas such as financial services sales and credit analysisCredit Analyst Interview QuestionsCredit analyst interview questions and answers. For anyone with an interview for an analyst position in the credit department of a bank, this is a guide to ace it! Questions include the following: technical skills (finance and accounting), social skills (communication, personality fit, etc). This guide focuses solely. Candidates usually hold a degree in accounting, finance, business administration, or another related field. Strong interpersonal and communication skills are necessary, as commercial bankers spend a lot of time interacting with clients.

Top candidates in the sector must possess expertise not only in traditional finance but also knowledge and skills in technology. Employers prefer candidates with advanced Excel skills and experience with programming languages such as Python and SAS. When it comes to compliance professionals, institutions prefer those with a Certified Regulatory Compliance Manager certification.

Commercial Banking Salary Guide in the US for 2018

Salaries in the commercial banking sector vary depending on the years of experience and position. The table below shows the commercial banking salary guide for candidates with average experience and skill sets needed for the job. The figures do not include bonuses, incentives, and other forms of additional compensation.

Additional Resources

Thank you for reading CFI’s commercial banking salary guide. To keep learning and advancing your career as a commercial banker, the following resources will be helpful:

• Job Titles in Banking and FinanceJob Titles in Banking and FinanceThese are the most common banking, finance, and accounting job titles for students and professionals looking to advance their careers. These titles are regularly used in job postings found online, covering anything from entry-level positions all the way up to the manager and executive level.
• Merchant BankMerchant BankA Merchant Bank is a firm or financial institution that invests equity capital directly in businesses and often provides those businesses with advisory services.  A merchant bank offers the same services as an investment bank, however, it typically services smaller clients and makes direct equity investments in them.
• Money MarketMoney MarketThe money market is an organized exchange market where participants can lend and borrow short-term, high-quality debt securities with average maturities of one year or less.
• Revolving Credit FacilityRevolving Credit FacilityThis guide to a Revolving Credit Facility outlines how revolving credit works, and how to incorporate one in financial modeling in Excel. It has an established maximum amount, where the business has access to the funds when needed. This type of credit is mostly used for operating purposes and cash flow fluctuations