Banking Associate Salaries in Minnesota
How Much Does a Banking Associate Make in Minnesota?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Banking Associate in Minnesota is $57,549.
While Salary.com is seeing that Banking Associate salary in MN can go up to $74,622
or down to $37,612, but most earn between $47,113 and $66,486.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Banking Associate
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Similar Job Salaries to Banking Associate by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Park State Bank
Business Banking Associate
|
$48,702/yr
|
RANGE: $43,848 - $53,557
|
|
Merchants Bank
Banking Services Associate
|
$53,724/yr
|
RANGE: $48,296 - $59,151
|
|
BMO Financial
Retail Banking Associate
|
$112,706/yr
|
RANGE: $99,490 - $125,922
|
|
capitalone
TripleTree - Investment Banking Associate
|
$63,795/yr
|
RANGE: $57,090 - $70,500
|
|
Wipfli Corporate Finance Advisors, LLC
Senior Investment Banking Associate
|
$96,048/yr
|
RANGE: $85,287 - $106,808
|
|
Cresset
Associate Director, Banking & Lending
|
$125,521/yr
|
RANGE: $112,103 - $138,939
|
|
Merchants Bank
Retail Banking Associate
|
$35,753/yr
|
RANGE: $32,379 - $39,127
|
|
Citizens Independent Bank
Business Banking Associate
|
$56,944/yr
|
RANGE: $50,622 - $63,265
|
|
Bremer Bank
Commercial Banking Associate
|
$57,902/yr
|
RANGE: $51,699 - $64,105
|
|
Paralign Capital Partners
Investment Banking Associate
|
$113,125/yr
|
RANGE: $101,147 - $125,104
|
Top 10 Highest Paying Cities For Banking Associate Jobs in Minnesota
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Banking Associate can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Banking Associate job salaries in Minnesota.
Some cities can pay higher salaries for Banking Associate jobs, which can indicate that there is a large demand for Banking Associate positions in this city.
The following table shows top 10 cities where the Banking Associate salary is higher than other cities in Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Banking Associate salary is $58,860 in Minneapolis,
which is higher than the national average. There are 7 cities' Banking Associate salary higher than national average in Minnesota.
The average salary for a Banking Associate in Minnesota is $57,549,
but we found that the city with the highest salary for Banking Associate jobs is Minneapolis, MN, and it is higher than Saint Paul.
Banking Associate jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Minneapolis | $58,860 | $4,905 | $1,132 | $28 |
| Saint Paul | $58,860 | $4,905 | $1,132 | $28 |
| Minnetonka | $58,860 | $4,905 | $1,132 | $28 |
| Eden Prairie | $58,758 | $4,897 | $1,130 | $28 |
| Burnsville | $58,691 | $4,891 | $1,129 | $28 |
| Lakeville | $58,488 | $4,874 | $1,125 | $28 |
| Rochester | $56,379 | $4,698 | $1,084 | $27 |
| Saint Cloud | $55,480 | $4,623 | $1,067 | $27 |
| Duluth | $53,944 | $4,495 | $1,037 | $26 |
What Does a Banking Associate Do?
A relationship banking associate would normally report to a bank officer in an area dedicated to customer service.
Updated November 02, 2021
Interpersonal skills and written and verbal communication skills are necessary for strong performance as a relationship banking associate.
Updated December 20, 2021
Analysts do much of the market research for clients while banking associates ensure the information is accurate and present it to clients.
Updated December 01, 2021
Banking associates must also deliver presentations and reports that detail their research and analyses.
Updated November 28, 2021
Banking associates must be strong salespeople, able to identify a client's needs and recommend a product or service that addresses that need.
Updated November 28, 2021
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Explore JobArchitectFrequently Asked Questions About a Banking Associate Salaries
What is the average of a Banking Associate in Minnesota?
The Banking Associate salary range is from $47,113 to $66,486, and the average Banking Associate salary is $57,549/year in Minnesota.
The Banking Associate's salary will change in different locations.
Which location pays the highest Banking Associate salary in the United States?
The Banking Associate salary in San Jose, CA is $70,934
which is the highest in the US.
What kinds of reasons will influence the Banking Associate's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Banking Associate.
What is the growth rate of the Banking Associate's salary?
If you are thinking of becoming a Banking Associate or planning the next step in your career, find the detailed salary report of a Banking Associate.
