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Chemical Bank Salary

Chemical Bank Salary

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As of August 2026, the average annual salary for employees at Chemical Bank in the United States is $119,203. This translates to an approximate hourly wage of $57. Salaries at Chemical Bank typically range from $104,336 to $135,486 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Chemical Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Chemical Bank. Based on our data, the highest paying job is the Vice President, Commercial Lending, with an annual salary of $299,578. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Chemical Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Chemical Bank's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Simmons Bank $104,594
-12.3%
Simmons Bank likely leverages performance bonuses over the high base salary shown here.
First Bancorp $117,916
-1.1%
Confirms First Bancorp is a direct competitor vying for the exact same talent pool.
Norddeutsche Landesbank Girozen $126,565
+6.2%
Data suggests Norddeutsche Landesbank Girozen's workforce skews heavily towards veteran, high-tenure roles.
CITIC Ka Wah Bank Ltd $130,795
+9.7%
Reflects a supply-demand imbalance for the specific talent CITIC Ka Wah Bank Ltd targets.
Financial Services Industry $121,514
+1.9%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Chemical Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Chemical Bank. Click a company name to learn more.

Employee Reviews: Working at Chemical Bank

Considering a career at Chemical Bank? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Working here offers a great balance of challenge and support. Colleagues are polite and professional. The resources available for professional growth are outstanding, from certifications to leadership programs. The company culture emphasizes teamwork, transparency, and career advancement.
Commented in March 08, 2025
25
2
I’m proud to be part of an organization that values both excellence and integrity in financial services. This financial firm is a powerhouse for career development. Sick time can be used for mental health. The work is meaningful, and the leadership team is communicative and proactive. I’ve been able to take ownership of projects and develop real-world financial skills.
Commented in December 04, 2024
43
3
Compensation and benefits are competitive, including strong retirement plans and wellness programs. Colleagues are competent and professional. Financial services can be demanding, but this team handles it with care and excellence. This financial services organization is a leader in both innovation and employee satisfaction. The commitment to ethical financial practices here is unwavering, creating...
Commented in August 12, 2024
19
1
Job security is strong. Interaction with leadership is rare. This creates a respectful and efficient work environment for everyone on the team. Leadership is visionary, always pushing for innovation while maintaining stability. Hackathons spark creative solutions.
Commented in July 19, 2024
31
0
Competitive compensation and strong career growth. The work is meaningful. Positive work-life balance and flexible scheduling. The opportunity to work on diverse and challenging financial projects means I'm constantly learning and expanding my skillset.
Commented in February 17, 2024
45
2

Chemical Bank Overview

Website
www.chemicalbank.com
Founded In
1824
Employees
3,000 - 7,500 employees
Industry
Financial Services
Headquarter Address
333 W Fort St Detroit Michigan MI 48226
Revenue
$500 Million - $1B
Phone Number
+1 8008679757
Social Media
About Chemical Bank
Founded in 1917, Chemical Bank is a financial institution that offers loans, investments, bank account needs, and a variety of other financial services. This bank is headquartered in Detroit, Michigan.

What Benefits Does Chemical Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Chemical Bank offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Chemical Bank.
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Chemical Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,500+ (Highly variable) A significant portion of Chemical Bank salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (DDOT/SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Chemical Bank

1. What is the typical salary range (low to high) for most roles at Chemical Bank?

The typical annual salary range for most roles at Chemical Bank is approximately from $104,336 to $135,486. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Chemical Bank pay compared to Simmons Bank?

The average annual salary at Chemical Bank is $119,203, or an hourly wage of $57, in comparison to Simmons Bank which pays $104,594 per year or $50 per hour.

3. Do salaries differ significantly between departments at Chemical Bank?

Yes, salaries often differ between departments at Chemical Bank due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Chemical Bank?

Experience level is a significant factor in determining salary at Chemical Bank, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Chemical Bank in Detroit is fair given the local cost of living?

To determine if a salary offer from Chemical Bank in Detroit is fair, first compare the gross salary to our data for similar roles at Chemical Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Detroit" to understand its purchasing power.

6. Why might an individual's actual salary at Chemical Bank differ from the ranges shown here?

An individual's actual salary at Chemical Bank can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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