Q:

How much do bankers get paid?

A:

Quick Answer

A banker is a broad term that describes many positions with different pay scales. For example, loan officers earn a median wage of $59,820 per year in the United States, according to the U.S. Department of Labor Bureau of Labor Statistics.

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Full Answer

The Bureau of Labor Statistics offers a search engine on its website where users can search for descriptions of banking positions, which explain the differences between each role. The site also offers visitors an idea of the median pay scale and outlook for each of these positions. It is important to note that in the banking industry, it is common for long-time employees, or those with higher education, to earn more than those just starting out in the field.

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