Principal Salary at Alerus Financial Corp BETA

How much does an Alerus Financial Corp Principal make?

As of March 2025, the average annual salary for a Principal at Alerus Financial Corp is $106,817, which translates to approximately $51 per hour. Salaries for Principal at Alerus Financial Corp typically range from $95,110 to $118,056, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Alerus Financial Corp Overview

Website:
alerus.com
Size:
500 - 1,000 Employees
Revenue:
$200M - $500M
Industry:
Financial Services

Alerus Financial offers business and consumer banking products and services, residential mortgage financing, employer-sponsored retirement plan and benefit administration, and wealth management including trust, brokerage, insurance, and asset management. Alerus Financial was founded in 1879 and is headquartered in Grand Forks, North Dakota.

See similar companies related to Alerus Financial Corp

What Skills Does a person Need at Alerus Financial Corp?

At Alerus Financial Corp, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  2. Professional development: Professional development refers to continuing education and career training after a person has entered the workforce in order to help them develop new skills, stay up-to-date on current trends, and advance their career.
  3. Commitment: An agreement or pledge to do something in the future a commitment to improve conditions at the prison especially : an engagement to assume a financial obligation at a future date.
  4. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
  5. Special Education: Special education is the practice of educating students in a way that accommodates their individual differences, disabilities, and special needs.

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Check more jobs information at Alerus Financial Corp

Job Title Average Alerus Financial Corp Salary Hourly Rate
2 Senior Loan Officer $84,575 $41
3 Senior Training Specialist $66,291 $32
4 Senior Underwriter $130,538 $63
5 Senior Vice President $193,916 $93
6 Specialist $77,239 $37
7 Staff Accountant $55,848 $27
8 Supervisor, Sales Support $86,278 $41
9 Training Specialist $53,148 $26
10 Administrative Support Receptionist $47,811 $23
11 Administrator $47,811 $23
12 Attorney $125,088 $60
13 Audit Specialist $105,824 $51

Hourly Pay at Alerus Financial Corp

The average hourly pay at Alerus Financial Corp for a Principal is $51 per hour. The location, department, and job description all have an impact on the typical compensation for Alerus Financial Corp positions. The pay range and total remuneration for the job title are shown in the table below. Alerus Financial Corp may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $106,817 look to you?

FAQ about Salary and Jobs at Alerus Financial Corp

1. How much does Alerus Financial Corp pay per hour?
The average hourly pay is $51. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Alerus Financial Corp?
According to the data, the highest approximate salary is about $118,056 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Alerus Financial Corp?
According to the data, the lowest estimated salary is about $95,110 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.