What job can I get after being a teller? (2023)

How do bank tellers get promoted?

The teller position in a bank is generally an entry-level position open to high school graduates. Most successful job applicants have records of high performance in other jobs that include substantial customer service components.

A great way to learn about open banking positions is to network with those who are already established in the banking industry. There are several ways to network, including by attending events and conferences, connecting with others using an online professional platform and going to banking-related job fairs.

The best ways to move up from bank teller jobs include enrolling in and studying for the FMVA or MBA, taking the series 7 exam (or equivalent in your country), going back to school full time for a master's degree (see article: is an MBA worth it?), taking online financial modeling courses from CFI or one of our ...

Tellers may be promoted to teller supervisors, head tellers, or take on other more responsible positions within the bank, such as customer service representatives and personal banking representatives.

Experienced tellers can advance within their bank. They can become head tellers or move to other supervisory positions. Some tellers can advance to other occupations, such as loan officer. They can also move to sales positions.

Bank Teller Salary

Bank tellers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $26,000 a year, while the top 10% makes $38,000. Location impacts how much a bank teller can expect to make. Bank tellers make the most in Massachusetts, New Jersey, California, Connecticut, and New York.

A study released by the National Employment Law Project (NELP) early this month shored up CBB claims, finding that 30. 4% of the 1. 7 million retail banking employees across the country — more than 500,000 workers — are paid less than $15 an hour. Nearly three-quarters of low-wage bank workers are bank tellers, 84.

Salary Ranges for Bank Tellers

The middle 57% of Bank Tellers makes between $25,147 and $62,067, with the top 86% making $135,999.

No, it is not hard to be a bank teller.

Although being a teller does not pay well, it does open the door to new job opportunities. Finally, being a bank teller means having a relatively stress-free job that has a great work-life balance and benefits.

Is being a bank teller a good career?

Yes, being a bank teller is a good job.

This also means that you can usually find a position within a decent driving distance from home. One of the best aspects of a bank teller position is the schedule. This is a great job for parents or workers who need a structured schedule.

Financial institutions employ people to perform a variety of bank teller jobs, including those of a head teller, a business teller and a vault custodian.

To dress for a banking job, wear a gray or navy blue business suit or skirt suit. Stick with a white or light pastel shirt or blouse.

Experienced tellers can advance within their bank. They can become head tellers or move to other supervisory positions. Some tellers can advance to other occupations, such as loan officer. They can also move to sales positions.

What are the second careers for retired bankers? Many retired bankers become consultants for other financial institutions. Some prefer to become investment advisors, teach accounting classes, or money management classes. Others guide other retirees in financial planning.

Stress and Micro-Management

Much of this stress stems from the micro-management involved in their work. Banks take great concern to ensure accuracy of accounting and tellers work daily with money. Tellers usually have to countdown money at the start of shifts and do the same thing at the end of shifts.

A Personal Banker can move into leadership roles such as Sales Manager or Branch Manager.