New Accounts Clerks Salary 2017: How Much Money Do They Make

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hourly pay for New Accounts Clerks
do New Accounts Clerks make a lot of money

New Accounts Clerks

Other names for this job might include Administrative Assistant, Application Processor, Bank Representative, Banking Services Clerk, Consumer Banker, Customer Service Officer, Customer Service Representative, Customer Service Specialist, Financial Service Representative, Financial Services Counselor


  • $36480
    Salary
  • 66%
    Job satisfaction
  • Easy
    Becoming one
  • Bad
    Job growth
OwlGuru Rank

C



How Much Successful New Accounts Clerks Make In 2017


In this salary guide, you will find out how much do New Accounts Clerks make.

After reading this, you will be able to make a decision if working as a New Accounts Clerk will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$36480 per year

Hourly wage
$17.540 per hour


1 of the most popular questions we get from our readers here at OwlGuru is how much do New Accounts Clerks make per year and what is their hourly wage.

According to BLS, the average annual salary of New Accounts Clerks is $36480. Their salary can also be as low as $25990 if you’re still a newbie with no experience to over $50010 if you have a ton of experience under your belt.

The typical hourly pay is $17.540 and can range from $12.500 to $24.040 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A New Accounts Clerk will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
D

We wanted to make it easy for our readers to compare the salary of A New Accounts Clerk to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do New Accounts Clerks make with other careers, they have a salary rank of D.



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Salary range

LevelHourlyYearly
Highest (Top 10%)$24.040$50010
Senior (Top 25%)$19.840$41260
Middle (Mid 50%)$16.820$34990
Junior (Bottom 25%)$14.130$29390
No experience (Bottom 10%)$12.500$25990


Entry-level New Accounts Clerks who starts out at $29390 can expect to make $34990 after 3-5 years of experience in the field.

The bottom 10% makes less than $12.500 per hour while the top 10% makes over $24.040 per hour.

While the median wage is $34990 per annum or $16.820 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.


Highest paying industries

Industry nameHourly wageAnnual salary
Management, Scientific, and Technical Consulting Services20.9743610
Securities and Commodity Contracts Intermediation and Brokerage20.1341870
Securities, Commodity Contracts, and Other Financial Investments and Related Activities19.8341250
Professional, Scientific, and Technical Services19.139740
Other Financial Investment Activities18.7338950
Direct Insurance (except Life, Health, and Medical) Carriers18.638680
Employment Services18.4938460
Insurance Carriers18.3938260
Management of Companies and Enterprises17.9437310
Nondepository Credit Intermediation17.7436890
Other Insurance Related Activities17.4236240
Other Nondepository Credit Intermediation16.9235200
Business Support Services16.9335200
Telephone Call Centers16.9335200
All industries16.7734890
All industries, private ownership only16.7734890
Finance and Insurance16.7534840
Credit Intermediation and Related Activities16.7134760
Depository Credit Intermediation16.734730
Insurance Carriers and Related Activities16.5134350
Activities Related to Credit Intermediation16.2833870
Health Care and Social Assistance (including private, state, and local government hospitals)15.432020
Agencies, Brokerages, and Other Insurance Related Activities14.7630700
Insurance Agencies and Brokerages14.1229370
Hospitals, Privately owned14.1229370
General Medical and Surgical Hospitals, Privately owned14.1229370
Hospitals (including private, state, and local government hospitals)14.1129350
General Medical and Surgical Hospitals (including private, state, and local government hospitals)14.1129350

Not all industries pay the same for New Accounts Clerks.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
DC$21.41$44530
NJ$21.14$43970
CT$20.34$42310
DE$20.09$41780
CA$19.97$41540
MA$19.17$39880
AZ$18.71$38920
NC$18.56$38600
NY$18.54$38550
WA$18.34$38140

Another simple way to boost your pay as A New Accounts Clerk is to move to a higher paying state. However moving to a higher paying state like DC doesn’t mean you will make more overall. This is because the expenses at DC may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful New Accounts Clerks are in the states of DC, NJ, CT, DE and CA. The average salary in DC is $44530.



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Rank: D
Salary: $26650

They receive and pay out money. Keep records of money and negotiable instruments involved in a financial institution’s various transactions.
Rank: C
Salary: $33890

They interact with customers to provide information in response to inquiries about products and services and to handle and resolve complaints.
Rank: B
Salary: $35540

They locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer’s account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; and keeping records of collection and status of accounts.
Rank: C+
Salary: $38740

They process applications for, changes to, reinstatement of, and cancellation of insurance policies. Duties include reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, changing policy records to conform to insured party’s specifications, compiling data on lapsed insurance policies to determine automatic reinstatement according to company policies, canceling insurance policies as requested by agents, and verifying the accuracy of insurance company records.
Rank: D
Salary: $22180

They accommodate hotel, motel, and resort patrons by registering and assigning rooms to guests, issuing room keys or cards, transmitting and receiving messages, keeping records of occupied rooms and guests’ accounts, making and confirming reservations, and presenting statements to and collecting payments from departing guests.





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Administrative and Information Support
Banking and Related Services

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Related to New Accounts Clerks Salary

New Accounts Clerks salary, how much do New Accounts Clerks earn, New Accounts Clerks hourly wage, New Accounts Clerks annual pay, highest paying industries for New Accounts Clerks, which states pay the highest for New Accounts Clerks

Additional resources

http://www.bls.gov/OOH/office-and-administrative-support/financial-clerks.htm
http://www.aba.com/
https://www.mba.org/

OwlGuru.com
OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
New Accounts Clerks
Written by: Stanley Tan
New Accounts Clerks interview persons desiring to open accounts in financial institutions. Explain account services available to prospective customers and assist them in preparing applications.
3.5 / 5 stars

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