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Banks Terrell Salary

How much does the Banks Terrell Pay for employees?

Yearly Salary Hourly Rate Monthly Salary Weekly Salary

Salary at Banks Terrell

Current Job Openings at Banks Terrell

Ready for your next career move? Explore current job openings at Banks Terrell. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Banks Terrell’s Pay Competitive? Salary Benchmarking Analysis

How does Banks Terrell’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.

Peer Company & Industry Benchmarking

180k

150k

120k

90k

60k

30k

Average Salary ($/year)

Banks Terrell

Financial Services

Mb Financial Bank Ann

Recardo Banks

Industry Comparison

Our data shows that, on average, compensation at Banks Terrell is below the average for the U.S. Financial Services industry by approximately 20%. This positioning suggests their pay is below the market average within their sector.

Peer Company Comparison

To provide a broader market perspective, we compared Banks Terrell average annual salary with several similar companies. Banks Terrell average salary of $97,115 is lower than Mb Financial Bank Ann, which has an average salary of $99,847. It is lower than Recardo Banks, with their average salary at $98,634. This places Banks Terrell in a developing position among its peers.

See Your True Competitors

The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Banks Terrell's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Banks Terrell. Click a company name to learn more.

Mb Financial Bank Ann

$99,847 / year

Salary Range: $87,530 - $113,257

Ann Arbor, MI

Recardo Banks

$98,634 / year

Salary Range: $86,467 - $111,879

Detroit, MI

First Southern Bank

$95,945 / year

Salary Range: $84,103 - $108,831

Harlingen,

First Southern Bank

$96,704 / year

Salary Range: $84,772 - $109,696

Kipling,

WELLS FARGO BANK, NATIONAL ASSOCIATION As

$116,661 / year

Salary Range: $102,274 - $132,328

New York City, NY

THE IMAGE BANK SOUTH Inc

$96,134 / year

Salary Range: $84,268 - $109,038

Dallas, TX

First National Bank of West Bend

$94,172 / year

Salary Range: $82,554 - $106,819

West Bend, WI

McAllen National Bank

$81,589 / year

Salary Range: $71,521 - $92,540

Edinburg, TX

First National Bank Whitney Texas

$86,462 / year

Salary Range: $75,792 - $98,063

Whitney, TX

Employee Reviews: Working at Banks Terrell

Considering a career at Banks Terrell? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.

I’ve never felt more aligned with an organization’s mission and values. Work can be repetitive, and promotion opportunities are limited. There’s a genuine effort to match people’s roles with their long-term strengths and interests. Communication across departments is inconsistent. Help desk support responds within hours, not days.

Commented in March 31, 2025

Opportunities for growth are abundant. IT upgrades are rolled out with excellent training. Workload is fair and manageable. Great mentorship and professional development. Flexible schedules and great benefits. Cutting-edge financial tools and technology keep employees engaged and efficient. It’s rare to find a company that balances ambition with such a positive workplace culture.

Commented in January 03, 2025

Training is robust and well-structured. The financial solutions we offer are impactful and relevant. Colleagues are helpful and knowledgeable.

Commented in December 09, 2024

Great benefits and competitive compensation packages. Processes are well-documented, and expectations are clear. Compensation and benefits are industry-leading, including profit-sharing and flexible work arrangements. The leadership team is experienced, though not always accessible.

Commented in October 20, 2024

Working here has expanded my technical skills significantly, and I appreciate how innovation is embraced at every level. Every decision and strategy is geared towards achieving the best possible outcomes for those we serve. With a clear vision and strategic direction, they guide the company toward sustained success. The financial tools provided make tasks easier and help employees succeed.

Commented in January 12, 2024

Banks Terrell Overview

Website

Data pending, update soon.

Founded In

Data pending, update soon.

Employees

50 - 100 employees

Industry

Financial Services

Headquarter Address

2799 W Grand Blvd Detroit Michigan MI 48202

Revenue

$10 Million - $50 Million

Phone Number

+1 3139162600

About Banks Terrell

Banks Terrell is a company that operates in the Financial Services industry. It employs 51-100 people and has $25M-$50M of revenue. The company is headquartered in Detroit, Michigan.

What Benefits Does Banks Terrell Offer Beyond Salary?

A competitive compensation package is more than just a salary. Banks Terrell offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:

Social Security

401(K)

Disability

Healthcare

Pension

Time Off (days)

Work at Banks Terrell?

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How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

Get estimated pay range See more details

What Is the Cost of Living Near Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Banks Terrell.

Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Banks Terrell, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$800 - $1,500+ (Highly variable)	A significant portion of Banks Terrell salary. Location choices impact this heavily.
Utilities (Basic)	$150 - $250	Electricity, Heating, Cooling, Water etc.
Public Transportation	$70 (DDOT/SMART monthly pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$390 - $570	Can be higher with more dining out or specialty stores.
Personal & Leisure	$350 - $650+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$370 - $690+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,130 - $3,660+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Banks Terrell

1. What is the estimated average total compensation at Banks Terrell?

Salary.com estimates that the average total compensation package at Banks Terrell, which can include base salary, potential bonuses, and benefits, is around $97,115 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Banks Terrell pay compared to Mb Financial Bank Ann?

The average annual salary at Banks Terrell is $97,115, or an hourly wage of $47, in comparison to Mb Financial Bank Ann which pays $99,847 per year or $48 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Banks Terrell?

Salary progression from an entry-level to a senior role at Banks Terrell can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from Banks Terrell in Detroit is fair given the local cost of living?

To determine if a salary offer from Banks Terrell in Detroit is fair, first compare the gross salary to our data for similar roles at Banks Terrell and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Detroit" to understand its purchasing power.

5. Are promotions at Banks Terrell usually accompanied by a significant salary increase?

Yes, promotions at Banks Terrell are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.