As of July 01, 2026, the average salary for a Banking Associate in Minnesota is $55,248 per year, which breaks down to an hourly rate of $27.
However, a Banking Associate's salary can vary significantly. Here’s a look at the typical salary range:
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Banking Associate Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $61,660 | $5,138 | $1,186 | $30 |
| Average | $55,248 | $4,604 | $1,062 | $27 |
| 25th Percentile | $48,440 | $4,037 | $932 | $23 |
Alerus - Saint Paul, MN
JPMorgan Chase - Minneapolis, MN
Minnwest Bank - Saint Cloud, MN
Piper Sandler - Minneapolis, MN
A Banking Associate'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 and company size can directly affect your earning potential.
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 Banking Associates. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Banking Associate roles, the industry you choose can affect earning potential by as much as 70% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Pharmaceuticals sectors offer the strongest compensation, at 40% above the average. In contrast, Banking Associate positions in Telecom or Transportation typically offer lower base pay, as these industries often view Banking Associate as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Software & Networking | $77,348 | $37.0 | 40% |
| Pharmaceuticals | $71,823 | $35.0 | 30% |
| Energy & Utilities | $66,298 | $32.0 | 20% |
| Financial Services | $63,536 | $31.0 | 15% |
| Biotechnology | $60,773 | $29.0 | 10% |
Understanding how a Banking Associate'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $61,660 | $5,138 | $1,186 | $30 |
| Average | $55,248 | $4,604 | $1,062 | $27 |
| 25th Percentile | $48,440 | $4,037 | $932 | $23 |
Ready to take the next step in your career? Browse thousands of current Banking Associate job openings on our job board. Use the search bar below to find your perfect match.
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