New Accounts Clerks in Michigan
Want to work as a New Accounts Clerks in Michigan? Below are the key facts. Interview persons desiring to open accounts in financial institutions. Explain account services available to prospective customers and assist them in preparing applications.
What do New Accounts Clerks Make in Michigan?
For a new accounts clerks working in Michigan, wages run about $47,830 per year (or roughly $23.00/hour).Annual wages span from $37,710 at the 10th percentile to $57,530 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $37,710 | $18.13 |
| 25th percentile | $41,010 | $19.72 |
| Median (50th) | $47,830 | $23.00 |
| 75th percentile | $50,580 | $24.32 |
| 90th percentile | $57,530 | $27.66 |
The location quotient — a measure of how concentrated this occupation is in Michigan relative to the national average — is 2.85, meaning that new accounts clerks are more concentrated here than the national average.
National Wage Comparison
Nationally, new accounts clerks earn a median of $40,068 per year ($19.26/hour), higher than the Michigan median.
Employment Outlook
National employment for 290,931 new accounts clerks in the U.S.. In Michigan alone, about 3,090 people work in this role. That puts the state above the typical state, which employs around 430 new accounts clerks.
Top Michigan Metros for New Accounts Clerks
These are the Michigan metros with the most new accounts clerks in Michigan.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Detroit-Warren-Dearborn, MI | 1,590 | $49,480 |
| Grand Rapids-Wyoming-Kentwood, MI | 390 | $45,450 |
| Lansing-East Lansing, MI | 190 | $46,600 |
| Flint, MI | 90 | $47,710 |
| Saginaw, MI | 80 | $44,080 |
| Jackson, MI | 60 | $45,630 |
| Battle Creek, MI | 40 | $39,540 |
| Kalamazoo-Portage, MI | 40 | $43,450 |
Top States for New Accounts Clerks Employment
The table below shows the states where the most new accounts clerks work.
| State | Number Employed |
|---|---|
| New York | 4,480 |
| Texas | 4,180 |
| Michigan | 3,090 |
| Illinois | 2,270 |
| Wisconsin | 1,970 |
| Oklahoma | 1,790 |
| North Carolina | 1,730 |
| Missouri | 1,620 |
| Minnesota | 1,360 |
| California | 1,170 |
| Iowa | 1,110 |
| Oregon | 980 |
| Georgia | 870 |
| Nebraska | 870 |
| Pennsylvania | 810 |
| Kansas | 800 |
| Florida | 770 |
| Nevada | 740 |
| Tennessee | 620 |
| Indiana | 520 |
Highest-Paying States for New Accounts Clerks
The highest-paying states for new accounts clerks.
| State | Annual Median Salary |
|---|---|
| North Dakota | $56,510 |
| California | $54,390 |
| Massachusetts | $52,800 |
| Hawaii | $50,030 |
| New York | $49,260 |
| Maryland | $49,200 |
| Oregon | $49,160 |
| Colorado | $49,080 |
| Washington | $49,000 |
| North Carolina | $48,840 |
Skills
The most important new accounts clerks skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Important knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
Top abilities for new accounts clerks, rated on an importance scale of 0 to 5:
Daily Tasks
Common tasks include:
- Perform teller duties as required.
- Compile information about new accounts, enter account information into computers, and file related forms or other documents.
- Collect and record customer deposits and fees and issue receipts, using computers.
- Inform customers of procedures for applying for services, such as ATM cards, direct deposit of checks, and certificates of deposit.
- Answer customers' questions and explain available services, such as deposit accounts, bonds, and securities.
- Interview customers to obtain information needed for opening accounts or renting safe-deposit boxes.
- Refer customers to appropriate bank personnel to meet their financial needs.
- Investigate and correct errors upon customers' request, according to customer and bank records.
- Execute wire transfers of funds.
- Issue initial and replacement safe-deposit keys to customers, and admit customers to vaults.
- Process loan applications.
- Obtain credit records from reporting agencies.
Work Activities
- Getting Information
- Communicating with Supervisors, Peers, or Subordinates
- Establishing and Maintaining Interpersonal Relationships
- Evaluating Information to Determine Compliance with Standards
- Making Decisions and Solving Problems
- Performing for or Working Directly with the Public
- Resolving Conflicts and Negotiating with Others
- Working with Computers
- Monitoring Processes, Materials, or Surroundings
- Processing Information
- Updating and Using Relevant Knowledge
- Identifying Objects, Actions, and Events
Tools & Technology
Common tools and software used in this occupation include: Hot technologies: Microsoft Excel In-demand technologies: Microsoft Office software
What Major Will Prepare You For This Career?
Related college programs include:
- Finance & Financial Management
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Related Careers
Related occupations to new accounts clerks include:
- Financial Managers
- Credit Analysts
- Financial and Investment Analysts
- Personal Financial Advisors
- Credit Counselors
- Loan Officers
Also Known As
Admit Clerk, Bank Representative, Banking Services Clerk, Banking Services Representative, Bilingual Personal Banker, Bilingual Spanish Personal Banker, Branch Service Specialist, Customer Service Specialist, Financial Service Representative, Financial Services Officer, Financial Services Representative, Member Service Representative, New Accounts Banking Representative, New Accounts Clerk, New Accounts Representative.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 43-4141.00
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