As of March 01, 2025, the average annual salary for a Business Banking Manager I in Worcester, MA is $161,883. Salary.com reports that pay typically ranges from $140,341 to $187,904, with most professionals earning between $120,728 and $211,594.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $178,108 | $14,842 | $3,425 | $86 |
| Average | $153,444 | $12,787 | $2,951 | $74 |
| 25th Percentile | $133,025 | $11,085 | $2,558 | $64 |
An entry-level Business Banking Manager I with under 1 year experience makes about $151,911. With less than 2 years of experience, a mid-level Business Banking Manager I makes around $152,864. After 2-4 years, the Business Banking Manager I pay rises to about $154,451. Those senior Business Banking Manager I with 5-8 years of experience earn roughly $157,626, and those Business Banking Manager I having 8 years or more experience are expected to earn about $166,367 on average.
| Levels | Salary |
|---|---|
| Entry Level Business Banking Manager I | $151,911 |
| Intermediate Level Business Banking Manager I | $152,864 |
| Senior Level Business Banking Manager I | $154,451 |
| Specialist Level Business Banking Manager I | $157,626 |
| Expert Level Business Banking Manager I | $166,367 |
| Entry Level | 1% |
| Mid Level | 0% |
| Senior Level | 1% |
| Top Level | 3% |
| Experienced | 8% |
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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.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Business To Business: A type of electronic commerce (e-commerce), is the exchange of products, services or information between businesses, rather than between businesses and consumers (B2C).
Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
| Skill | Salary | Demand |
|---|---|---|
|
Client Education
|
$192,641 |
19%
|
|
Planning
|
$169,978 |
5%
|
|
Economics
|
$168,359 |
4%
|
|
Credit Analysis
|
$168,359 |
4%
|
|
Dedication
|
$168,359 |
4%
|
|
Marketing Support
|
$168,359 |
4%
|
