Tellers

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Total Workforce

315k

Average Age

35.9

Estimated Job Growth

-8.32%

10-year projection

Average Salary

$24,604

Average Male Salary

$26,739

Average Female Salary

$24,184

About

Tellers are most often employed by the Banking & related activities industry. The average yearly wage for Tellers was $24,604 in 2016. The top 3 most similar occupations to Tellers by wage are Medical transcriptionists, Preschool & kindergarten teachers, and Nursing, psychiatric, & home health aides.

Tellers are part of the Office & Administrative Support Occupations, along with Firstline supervisors of office & administrative support workers, Switchboard operators, including answering service, Telephone operators, Communications equipment operators, all other, Bill & account collectors, Billing & posting clerks, Bookkeeping, accounting, & auditing clerks, Gaming cage workers, Payroll & timekeeping clerks, Procurement clerks, Tellers, Other financial clerks, Brokerage clerks, Court, municipal, & license clerks, Credit authorizers, checkers, & clerks, Customer service representatives, Eligibility interviewers, government programs, File clerks, Hotel, motel, & resort desk clerks, Interviewers, except eligibility & loan, Library assistants, clerical, Loan interviewers & clerks, New accounts clerks, Human resources assistants, except payroll & timekeeping, Receptionists & information clerks, Reservation & transportation ticket agents & travel clerks, Information & record clerks, all other, Correspondence clerks & order clerks, Cargo & freight agents, Couriers & messengers, Dispatchers, Meter readers, utilities, Postal service clerks, Postal service mail carriers, Postal service mail sorters, processors, & processing machine operators, Production, planning, & expediting clerks, Shipping, receiving, & traffic clerks, Stock clerks & order fillers, Weighers, measurers, checkers, & samplers, recordkeeping, Secretaries & administrative assistants, Computer operators, Data entry keyers, Word processors & typists, Insurance claims & policy processing clerks, Mail clerks & mail machine operators, except postal service, Office clerks, general, Office machine operators, except computer, Proofreaders & copy markers, Statistical assistants, and Miscellaneous office & administrative support workers, including desktop publishers

Employment

Information on the businesses and industries that employ Tellers and on wages and locations for those in the field. Banking & related activities is the industry that employs the most Tellers, both by share and by number, though the highest paid industry for Tellers, by average wage, is Securities, commodities, funds, trusts & other financial investments. Tellers are paid most in River Valley Regional Commission (Outside Muscogee & Chattahoochee Counties) PUMA, GA but are relatively concentrated in Marinette, Oconto, Door & Florence Counties PUMA, WI.

Wages

Yearly Wage

$24,604

AVERAGE SALARY

± $1,099

In 2017, Tellers earned an average of $24,604, $27,461 less than than the average national salary of $52,065.

Medical transcriptionists make somewhat more than Tellers while Preschool & kindergarten teachers make somewhat less. This chart shows the various occupations closest to Tellers as measured by average annual salary in the US.

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Wage Distribution

0.288

WAGE GINI

In 2017, Tellers had a wage GINI coefficient of 0.288, which is lower than than the national average of 0.479. In other words, wages are distributed more evenly for Tellers (shown in red) than for the overall labor force (shown in gray).

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Wage by Location

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Tellers.

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Spatial Concentration

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Tellers.

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Industries

Most Common

The most common industries employing Tellers, by number of employees, are Banking & related activities, Savings institutions, including credit unions , and Nondepository credit & related activities.

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Industries by Share

315k

2017 Workforce

± 13,757

-3.51%

1 YEAR GROWTH

± 6.35%

The number of people employed as Tellers has been declining at a rate of -3.51%, from 326,128 people in 2016 to 314,668 people in 2017.

This graphic shows the share of Tellers employed by various industries. Banking & related activities employs the largest share of Tellers at  83.2%, followed by Savings institutions, including credit unions  with 13.3% and Nondepository credit & related activities with 2.01%.

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Diversity

Demographic information on Tellers in the US. The average age of male Tellers in the workforce is 28.8 and of female Tellers is 37.2, and the most common race/ethnicity for Tellers is White.

Gender Composition

51.7k

MALE WORKFORCE

± 5,584

263k

FEMALE WORKFORCE

± 12,578

83.6% of Tellers are Female, making them the more common gender in the occupation. This chart shows the gender breakdown of Tellers.

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Race & Ethnicity

Most Common Race or Ethnicity of Tellers

  1. White

  2. Black

  3. Other

75.6% of Tellers are White, making that the most common race or ethnicity in the occupation. Representing 10.2% of Tellers, Black is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Tellers.

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Age by Gender

28.8

AVERAGE MALE AGE

± 1.24

37.2

AVERAGE FEMALE AGE

± 0.722

The median age of Tellers is 35.9, and Male employees are generally 8.42 years younger than than their Female counterparts.

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Education

Data on higher education choices for Tellers from The Department of Education and Census Bureau. The most common major for Tellers is Business but a relatively high number of Tellers hold a major in Public Administration and Social Service.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

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Skills

Data on the critical and distinctive skills necessary for Tellers from the Bureau of Labor Statistics. Tellers need many skills, but most especially Active Listening, Critical Thinking, and Service Orientation. The revealed comparative advantage (RCA) shows that Tellers need more than the average amount of Mathematics, Service Orientation, and Active Listening.

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Bar Chart

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Growth Projections

Projections on wages and job growth for Tellers from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Tellers are expected to see a growth of -8.32% over the same period. This occupation is expected to grow slower than the national average.

Job Growth

-8.32%

ESTIMATED GROWTH

7.4%

NATIONAL AVERAGE

This line chart shows the 10-year projected employment growth (from 2016 to 2026) for Tellers. This profession is expected to grow lower than 7.4%, the average rate of national job growth.

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