As of January 01, 2026, the average salary for a Phone Banker in the United States is $51,505 per year, which breaks down to an hourly rate of $25.
However, a Phone Banker's salary can vary significantly. Here’s a look at the typical salary range:
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A Phone Banker's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Phone Banker's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Phone Banker | $50,994 |
| Intermediate Level Phone Banker | $51,140 |
| Senior Level Phone Banker | $52,831 |
| Specialist Level Phone Banker | $54,115 |
| Expert Level Phone Banker | $54,207 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Phone Bankers. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Products and Services | 9.94% |
| Diversity and Inclusion | 6.68% |
| Customer Interaction | 1.01% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Continuous Learning
|
$71,077 |
38%
|
|
Innovation
|
$70,562 |
37%
|
|
Teamwork
|
$65,412 |
27%
|
|
Tech Savvy
|
$60,776 |
18%
|
|
Written Communication
|
$59,746 |
16%
|
|
Oral Communication
|
$57,171 |
11%
|
Your level of education can impact your salary potential. While many Phone Bankers enter the field with a No Diploma degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Phone Banker with a No Diploma is between $50,536 and $53,974).
Phone Banker Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 25.0% |
| High School | 25.0% |
| Associates | 25.0% |
| Bachelors | 50.0% |
| Masters | 25.0% |
| Doctorate | 0.0% |
Understanding how a Phone Banker's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on January 01, 2026Salaries for a Phone Banker can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $44,810 in 2023 to around $44,525 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Phone Banker salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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|
| 2023 | $44,810 |
| 2024 | $44,939 |
| 2025 | $44,525 |
| 2026 |
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|
| 2027 |
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|
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Compensation PlanningHere are companies hiring for Phone Banker and their salaries, click below for more details.
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Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
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