Banking Salary Report – How do you rate?

November 24th, 2012

As they say “knowledge is power”.  Knowing what the average banking positions pay can help you determine how you rank among your peers.  We have taken information supplied by created a list of common banking position along with the U.S. average salaries including bonuses, compared to those banking positions in the Chicago area.

                             Position       U.S.  Chicago
Branch Manager I  (Small Bank) $   55,021 $  58,451
Branch Manager II (Medium Bank) $   63,438 $  67,392
Branch Manager III (Large Bank) $   70,598 $  75,000
Chief Credit Officer $ 187,191 $ 199,631
Chief Retail Banking Executive $ 292,706 $ 310,953
Commercial Loan Officer (Sr. Level) $ 104,611 $ 111,132
Commercial Loan Workout Officer (Sr. Level) $ 103,173 $ 109,604
Compliance Coordinator $   46,147 $   49,024
Group Branch Manager III (Sr. Level) $ 129,036 $ 137,080
Head Teller $   32,056 $   34,054
Loan Workout Officer III (Sr. Level) $ 108,861 $ 115,648
Mortgage Closer $   42,820 $   45,489
Mortgage Loan Processor III (Sr. Level) $   45,417 $   48,249
Mortgage Underwriter III (Sr. Level) $   68,057 $   72,300
Private Banker III (Sr. Level) $ 114,999 $ 122,168
Regional Retail Banking President $ 190,179 $ 202,035
Relationship Manager III (Sr. Level, Business) $ 112,716 $ 202,035
SBA Banking Manager $ 138,586 $ 147,226
Teller III (Sr. Level) $   29,103 $   30,922


Now that you know some of the average banking salaries, are you happy with your current salary?  Do you enjoy current working environment?  Do you love going to work every day?  If you answered “No” to any of these questions contact The Symicor Group and discuss your situation and your options.  Let one of our banking recruiters (former banking executives) work with you to find that perfect position that matches your unique experience, skills and personality.  Submit your resume today to get things started.

Six Reasons Why Job Seekers Should Work With a Recruiter

November 8th, 2012

An article we recently found on Yahoo! Voices, submitted by Lisa Ann Burke, lays out several reasons why working with a recruiter during your jobs search can be beneficial to your job hunting success. Listed below are just some things a recruiter may be able to do for you that you are unable to do by yourself in securing employment.

1. Chance to Apply for Un-Advertised Jobs.

Often companies choose not advertise job openings but rather use the services of staffing professionals to locate suitable and pre-screened candidates for them. Many times, their openings are listed with recruiters before they even appear on the company website. The job seeker may be missing out on a number of available positions by simply searching the job boards and applying to companies directly rather than working with a recruiter.

2. Recruiters Market Candidates.

Recruiters take the time to get to know the candidate’s work experience, personality, and other factors in order to match them with positions. When an ideal match is found by a recruiter, they will actively sell the candidates to the employers by highlighting their experience and accomplishments. The relationship that a recruiter has with the employer is a large benefit when presenting a candidate for consideration.

3. Assistance with Your Resume.

Recruiters can assist you with highlighting your most relevant accomplishments and marketable qualities so that your resume will set you apart from the crowd of other candidates. Often employers use software to pre-screen candidates by searching for keywords within your resume. Resumes submitted directly to employers from a recruiter are considered as being pre-screened and are almost sure to get into the hands of the hiring managers.

4. Assist with Targeted Job Search.

As stated above, an effective recruiter takes time to get to know the candidates. In doing so, the recruiter will submit your resume for those openings that most closely match your qualification, greatly increasing your changes for interviews and job offers. Recruiters may also send your resume to employers who are not actively looking for employees to see if they might have an interest in someone with your unique qualifications.

5. Interview Feedback.

In many cases, due to the relationship between the recruiter and hiring manager, the recruiter can obtain feedback and insight regarding your interview that you could not obtain. This information is valuable as it may prepare you for your second interview with that company or with the next company.

6. Offer Negotiation.

When it comes to the subject of compensation, it is generally not wise to bring it up during early-round interviews. However, the recruiter will often know the compensation range for the position and will share that with you unless the employer requested that they do not. The recruiter is also there to help if you receive an offer below your expectations. The recruiter can step in and help you negotiate the terms of your offer.

These are just a few of the many things a good recruiter can do to help you land your perfect job. Choosing the right recruiter is important. We suggest you start by seeking out recruiters who specialize in placing people in industries that interest you.

The Symicor Group specializes banking and finance positions. Our goal is to find you that perfect position that matches your unique experience, skills and personality. The Symicor Group includes former bank executives who truly understand the unique demands of this evolving industry and have deep connections within the industry.

If you have any questions about The Symicor Group, contact us and we will put you in touch with one of our recruiters.