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Assistant Bank Manager Average Salary in Rhode Island 2024

How much money does a person working as Assistant Bank Manager make in Rhode Island?


Average Yearly Salary
152,000 USD
( 12,700 USD monthly)

LOW
79,200
USD
AVERAGE
152,000
USD
HIGH
233,000
USD
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Assistant Bank Manager in Rhode Island typically earns around 152,000 USD. Salaries range from 79,200 USD (lowest) to 233,000 USD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Assistant Bank Manager salaries in Rhode Island vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Assistant Bank Manager Pay Scale and Salaries in Rhode Island

Median and salary distribution Rhode Island Assistant Bank Manager yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
138,000 USD or more
10% of people earn
123,000 to 138,000 USD
20% of people earn
89,700 USD or less
65% of people earn
89,700 to 123,000 USD
Minimum Salary
79,200 USD
Median
139,000 USD
Maximum
233,000 USD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Assistant Bank Manager in Rhode Island range from 79,200 USD (starting salary) to 233,000 USD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 139,000 USD, half of the professionals who work as Assistant Bank Manager in Rhode Island earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Assistant Bank Manager in Rhode Island earn less than 115,000 USD, while 75% earn more. Similarly, the chart shows that 75% earn less than 157,000 USD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Assistant Bank Manager in Rhode Island compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 89,700 USD to 123,000 USD. About 20% of salaries are below the 89,700 USD mark, while 10% fall within the range of 123,000 USD to 138,000 USD. Only 5% of individuals have salaries exceeding 138,000 USD.

Salary Comparison by Years of Experience / Assistant Bank Manager / Rhode Island

How do experience and age affect pay?

0 - 2 Years
90,000 USD
2 - 5 Years+34%
121,000 USD
5 - 10 Years+30%
157,000 USD
10 - 15 Years+21%
190,000 USD
15 - 20 Years+9%
208,000 USD
20+ Years+5%
218,000 USD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Rhode Island Assistant Bank Manager
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Assistant Bank Manager and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 90,000 USD.

While someone with an experience level between two and five years is expected to earn 121,000 USD, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 157,000 USD, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 190,000 USD, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 208,000 USD, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 218,000 USD, 5% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Assistant Bank Manager / Rhode Island

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Assistant Bank Manager.

Bachelor's Degree
127,000 USD
Master's Degree+39%
176,000 USD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Rhode Island Assistant Bank Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Assistant Bank Manager in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 127,000 USD.


Level 2: Master's Degree

At this level, the average salary becomes 176,000 USD, 39% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United States costs anywhere from 39,600 USD to 119,000 USD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Assistant Bank Manager / Rhode Island

Salary comparison by gender United States Assistant Bank Manager yearly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Assistant Bank Manager in United States, the average difference between the salary of male and female employees is 5%.

Male
175,000 USD
Female-5%
166,000 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United States for all Careers

Salary comparison by gender yearly United States
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Average Annual Salary Increment Percentage / Assistant Bank Manager / Rhode Island

How much are annual salary increments in Rhode Island for individuals working as Assistant Bank Manager? How often do employees get salary raises?

Individuals working as Assistant Bank Manager in United States are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate United States Assistant Bank Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

United States / All Professions

Annual Salary Increment Rate United States
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in United States is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Assistant Bank Manager / United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States Assistant Bank Manager
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
%
No Bonus
100%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Assistant Bank Manager / Rhode Island


73 USD per hour

The average hourly wage (pay per hour) for individuals working as Assistant Bank Manager in Rhode Island is 73 USD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Assistant Bank Manager in Rhode Island is 38 USD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst134,000 USD-12%
Assistant Bank Branch Manager120,000 USD-21%
Assistant Bank Manager152,000 USD-0%
ATM Manager129,000 USD-15%
ATM Service Technician35,900 USD-76%
Bank Accounts Analyst52,000 USD-66%
Bank Accounts Collector31,500 USD-79%
Bank Accounts Controller64,500 USD-58%
Bank Accounts Executive96,200 USD-37%
Bank Accounts Manager112,000 USD-26%
Bank Auditing Manager116,000 USD-24%
Bank Branch Manager162,000 USD+6%
Bank Branch Operations Coordinator68,800 USD-55%
Bank Clerk29,400 USD-81%
Bank Client Service Associate43,600 USD-71%
Bank Collector31,700 USD-79%
Bank Compliance Specialist80,900 USD-47%
Bank Manager177,000 USD+16%
Bank Operational Risk Manager185,000 USD+21%
Bank Operations Head178,000 USD+17%
Bank Operations Officer74,700 USD-51%
Bank Operations Specialist111,000 USD-27%
Bank Process Manager101,000 USD-34%
Bank Product Manager 114,000 USD-25%
Bank Programme Manager131,000 USD-14%
Bank Project Manager148,000 USD-3%
Bank Propositions Manager129,000 USD-15%
Bank Quantitative Analyst95,000 USD-38%
Bank Regional Manager190,000 USD+25%
Bank Regional Risk Officer95,600 USD-37%
Bank Relationship Manager140,000 USD-8%
Bank Relationship Officer59,900 USD-61%
Bank Sustainability Analyst112,000 USD-26%
Bank Teller31,500 USD-79%
Banker68,100 USD-55%
Banking Business Analyst97,500 USD-36%
Banking Business Development Officer57,600 USD-62%
Banking Business Planning Executive139,000 USD-9%
Banking Data Analyst116,000 USD-24%
Banking Product Manager121,000 USD-21%
Banking Reference Data Manager106,000 USD-30%
Banking Regulatory Compliance Officer108,000 USD-29%
Banking Risk Analyst94,200 USD-38%
Banking Technical Analyst51,200 USD-66%
Bankruptcy Coordinator66,500 USD-56%
Bill and Account Collector35,100 USD-77%
Blockchain Analyst86,100 USD-43%
Blockchain Architect91,000 USD-40%
Blockchain Auditor81,100 USD-47%
Blockchain Compliance Analyst84,300 USD-45%
Blockchain Consultant88,900 USD-42%
Blockchain Trade Facilitator79,400 USD-48%
Budget Analyst99,200 USD-35%
Capital Risk Manager182,000 USD+19%
Cards Marketing Manager123,000 USD-19%
Cash Management Manager162,000 USD+6%
Check Processing Manager121,000 USD-21%
Chief Blockchain Officer108,000 USD-29%
Commercial Vault Associate91,700 USD-40%
Corporate Banker66,800 USD-56%
Corporate Dealer102,000 USD-33%
Credit Analyst73,600 USD-52%
Credit and Collections Manager129,000 USD-15%
Credit Card Fraud Investigator99,200 USD-35%
Credit Portfolio Manager186,000 USD+22%
Credit Risk Analyst112,000 USD-26%
Credit Risk Associate101,000 USD-34%
Cryptocurrency Accountant59,200 USD-61%
Cryptocurrency Adviser116,000 USD-24%
Cryptocurrency Analyst87,200 USD-43%
Cryptocurrency Compliance Manager109,000 USD-28%
Cryptocurrency Trader98,200 USD-36%
Digital Banking Manager132,000 USD-13%
Digital Currency Analyst90,200 USD-41%
Direct Bank Sales Representative68,400 USD-55%
Exchange Control Consultant99,700 USD-35%
Executive Account Analyst98,900 USD-35%
Financial Bank Planning Consultant121,000 USD-21%
Financial Banking Analysis Manager144,000 USD-5%
Financial Banking Assistant46,900 USD-69%
Financial Banking Systems Manager135,000 USD-11%
Foreign Exchange Manager145,000 USD-5%
Fraud Analyst106,000 USD-30%
Fraud Detection Associate72,200 USD-53%
Fraud Detection Manager147,000 USD-3%
Fraud Detection Supervisor87,700 USD-42%
Internal Bank Audit Manager168,000 USD+10%
Internal Bank Auditor89,700 USD-41%
Internal Private Banker67,500 USD-56%
International Banking Manager191,000 USD+25%
Investment Banking Analyst139,000 USD-9%
Loan Analyst94,800 USD-38%
Loan Area Manager116,000 USD-24%
Loan Audit Team Leader108,000 USD-29%
Loan Branch Manager108,000 USD-29%
Loan Business Development Officer58,500 USD-62%
Loan Clerk34,400 USD-77%
Loan Collection and Recovery Manager118,000 USD-23%
Loan Collection Manager117,000 USD-23%
Loan Collector32,300 USD-79%
Loan Examiner43,400 USD-72%
Loan Officer36,000 USD-76%
Loan Processing Manager108,000 USD-29%
Loan Processor45,200 USD-70%
Loan Quality Assurance Auditor92,500 USD-39%
Loan Quality Assurance Manager104,000 USD-32%
Loan Quality Assurance Representative69,500 USD-54%
Loan Review Manager106,000 USD-30%
Loan Team Leader94,900 USD-38%
Loans Manager131,000 USD-14%
Mortgage Advisor65,600 USD-57%
Mortgage Collection Manager111,000 USD-27%
Mortgage Collector31,300 USD-79%
Mortgage Credit Analyst51,100 USD-66%
Mortgage Credit Manager108,000 USD-29%
Mortgage Development Manager125,000 USD-18%
Mortgage Document Reviewer42,700 USD-72%
Mortgage Funding Manager127,000 USD-17%
Mortgage Operations Manager159,000 USD+4%
Mortgage Payment Processing Clerk35,200 USD-77%
Mortgage Processing Manager113,000 USD-26%
Mortgage Processor44,800 USD-71%
Mortgage Quality Assurance Auditor91,800 USD-40%
Mortgage Quality Assurance Manager106,000 USD-30%
Mortgage Servicing Clerk34,800 USD-77%
Mortgage Servicing Manager111,000 USD-27%
Mortgage Underwriter39,700 USD-74%
Online Banking Manager163,000 USD+7%
Open Banking Strategist94,800 USD-38%
Payment Processing Clerk33,500 USD-78%
Personal Banker72,400 USD-52%
Personal Banking Advisor 71,000 USD-53%
Phone Banker44,200 USD-71%
Private Banker68,600 USD-55%
Reconciliation and Investigation Specialist76,900 USD-50%
Tax Officer58,700 USD-61%
Teller33,000 USD-78%
Trade Officer37,700 USD-75%
Trade Product Manager109,000 USD-28%
Trader45,900 USD-70%
Treasury Operations Officer81,400 USD-47%
Wealth Management Advisor134,000 USD-12%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United States is 5% on average across all career fields.

Private Sector
92,800 USD
Public Sector+5%
97,500 USD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Assistant Bank Manager in Rhode Island?

A good and competitive compensation would range anywhere between 139,000 USD and 157,000 USD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Assistant Bank Manager in Rhode Island ranges from 79,200 USD to 115,000 USD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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