Minn Star Bank Salary
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Current Job Openings at Minn Star Bank
Is Minn Star Bank’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Receiving Bank | $101,651 |
-0.7%
|
Suggests Receiving Bank utilizes a highly similar base-plus-benefits compensation model. |
| Bremmer Bank | $103,370 |
+0.9%
|
Aligns perfectly with prevailing regional benchmarks for this specific job family. |
| M F Bank & Co | $98,698 |
-3.6%
|
Typical compensation structure for smaller regional agencies like M F Bank & Co. |
| Landkreditt Bank | $82,633 |
-19.3%
|
Normalized for lower cost-of-living zones where Landkreditt Bank primarily operates. |
| Financial Services Industry | $121,514 |
+18.7%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Minn Star Bank's Salaries Compare to Similar Companies?
Receiving Bank
$101,651 / year
Salary Range: $89,115 - $115,306
Minneapolis, MN
Bremmer Bank
$103,370 / year
Salary Range: $90,609 - $117,244
Saint Paul, MN
M F Bank & Co
$98,698 / year
Salary Range: $86,513 - $111,940
Fridley, MN
Landkreditt Bank
$82,633 / year
Salary Range: $72,438 - $93,722
Oslo, MN
Bremmer Bank
$89,574 / year
Salary Range: $78,522 - $101,600
Detroit Lakes, MN
Bank One
$102,875 / year
Salary Range: $90,187 - $116,683
Mendota Heights, MN
Truxton
$89,099 / year
Salary Range: $78,101 - $101,063
Nashville, TN
Suburban Bank & Trust Co
$101,081 / year
Salary Range: $88,611 - $114,647
Elmhurst, IL
Somerset Hills Bank
$108,170 / year
Salary Range: $94,824 - $122,683
Bernardsville, NJ
Employee Reviews: Working at Minn Star Bank
Minn Star Bank Overview
What Benefits Does Minn Star Bank Offer Beyond Salary?
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What Is the Cost of Living Near Minneapolis?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,400 - $2,100+ | A significant portion of Minn Star Bank salary. Location choices impact this heavily. |
| Utilities (Basic) | $130 - $230 (Heating significant) | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $120 (Metro Transit monthly pass) | 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 | $450 - $800+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $390 - $720+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,920 - $4,480+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Minn Star Bank
1. What is the average salary for employees at Minn Star Bank?
The average annual total compensation for employees at Minn Star Bank is approximately $102,400. However, this is an aggregate figure, actual salaries can range significantly, typically from $89,766 to $116,147, depending on factors like job role, experience, and location.
2. How much does Minn Star Bank pay compared to Receiving Bank?
The average annual salary at Minn Star Bank is $102,400, or an hourly wage of $49, in comparison to Receiving Bank which pays $101,651 per year or $49 per hour.
3. How does having a professional certification impact salary for relevant roles at Minn Star Bank?
Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Minn Star Bank for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
4. Does Minn Star Bank offer cost-of-living adjustments (COLA) for employees in high-cost areas like Minneapolis?
While some companies offer formal COLA, many, including potentially Minn Star Bank, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.
5. What's the typical process for salary reviews and raises at Minn Star Bank?
Most companies, likely including Minn Star Bank, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.
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