Michael Banks Salary

Michael Banks Salary

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As of July 2026, the average annual salary for employees at Michael Banks in the United States is $101,240. This translates to an approximate hourly wage of $49. Salaries at Michael Banks typically range from $88,749 to $114,830 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Michael Banks

Ready for your next career move? Explore current job openings at Michael Banks. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Michael Banks’s Pay Competitive? Salary Benchmarking Analysis

How does Michael Banks'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
Provco Pinegood Levick-TD Bank $102,389
+1.1%
Confirms Provco Pinegood Levick-TD Bank is a direct competitor vying for the exact same talent pool.
Mellon Bank $89,711
-11.4%
Typical compensation structure for smaller regional agencies like Mellon Bank.
NexTier Bank - Worthington $93,075
-8.1%
NexTier Bank - Worthington focuses strategically on recruiting and training entry-level apprentices.
Charlotte S P Keen Provident Natl Bank Tr 69174 Nect $93,033
-8.1%
Normalized for lower cost-of-living zones where Charlotte S P Keen Provident Natl Bank Tr 69174 Nect primarily operates.
Financial Services Industry $121,514
+20.0%
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 Michael Banks's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Michael Banks

Considering a career at Michael Banks? 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.
Mentorship happens organically across levels. Knowledge transfer is prioritized before retirements. Change management is handled transparently. Communication between departments could be improved to enhance collaboration.
Commented in May 17, 2025
30
3
I feel like I’m building a long-term career, not just doing a job. The culture reflects accountability, growth, and respect. Working at this financial firm has been an incredible experience. Career progression is possible but usually requires long tenure. Salaries are above market rate, with substantial performance bonuses and profit sharing. This financial firm offers stable employment with decen...
Commented in April 03, 2025
36
2
Leaders are approachable and genuinely interested in employee feedback. Recognition programs make employees feel valued. This organization offers stability and growth potential in a competitive industry. The culture is formal and cautious, favoring routine over rapid innovation or change.
Commented in March 20, 2024
38
3

Michael Banks Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
3400 Spruce St Philadelphia Pennsylvania PA 19104
Revenue
$10 Million - $50 Million
Phone Number
+1 8007897366
Social Media
About Michael Banks
Michael Banks is a company that operates in the Financial Services industry. It employs 51-100 people and has $25M-$50M of revenue. The company is headquartered in Philadelphia, Pennsylvania.

What Benefits Does Michael Banks Offer Beyond Salary?

A competitive compensation package is more than just a salary. Michael Banks 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 Philadelphia?

Understanding the cost of living near Philadelphia is key to truly evaluating a salary offer or your current compensation at Michael Banks.
Philadelphia's Cost of Living Index is approximately 101.2 (1.2% more expensive than US average; 4.2% more than PA average). Major historic city, housing varies by neighborhood but can be high in Center City. SEPTA. When planning your budget based on a salary from Michael Banks, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,200+ A significant portion of Michael Banks salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $96 (SEPTA TransPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $730+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,866 - $4,566+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Michael Banks

1. What is the estimated average total compensation at Michael Banks?

Salary.com estimates that the average total compensation package at Michael Banks, which can include base salary, potential bonuses, and benefits, is around $101,240 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Michael Banks pay compared to Provco Pinegood Levick-TD Bank?

The average annual salary at Michael Banks is $101,240, or an hourly wage of $49, in comparison to Provco Pinegood Levick-TD Bank which pays $102,389 per year or $49 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Michael Banks?

Salary progression from an entry-level to a senior role at Michael Banks can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from Michael Banks in Philadelphia is fair given the local cost of living?

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

5. Are promotions at Michael Banks usually accompanied by a significant salary increase?

Yes, promotions at Michael Banks are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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