BUSINESS Zone 3: Medium Preparation

New Accounts Clerks

New Accounts Clerks earn $47,670 nationally at the median. The middle 50% of workers fall between $43,920 and $55,100. Where you land depends on specialization, employer, and experience.

About New Accounts Clerks

This page sets out what the federal data says about working as a new accounts clerks: what the job pays, how fast it is growing, and what it takes to get in. Most people arrive through a degree in Finance and what it leads to, though it is not the only route.

Interview persons desiring to open accounts in financial institutions. Explain account services available to prospective customers and assist them in preparing applications.


Median Wage
$47,670
Employed Nationally
37K
Openings / Year
2,300
Entry Education
High school diploma or equivalent
Job Zone
Zone 3: Medium Preparation

Also known as:

Admit Clerk Bank Representative Banking Services Clerk Banking Services Representative Bilingual Personal Banker

How Much Do New Accounts Clerks Make?

Most new accounts clerks take home around $47,670 a year, below what most graduates with a bachelor's make. Half earn somewhere between $43,920 and $55,100, so where you land depends a lot on employer, specialty and city. Think carefully about how much debt is worth taking on for it. Source: BLS.

A wage on its own says nothing about whether the degree behind it pays for itself, which is a question of lifetime earnings set against the total cost of getting there.

$47,670
National Median (Annual)

Below average for bachelor's degree holders.

$44K–$55K
Middle 50% Range

25th to 75th percentile. Most workers earn within this band.


Earnings Range

What Do New Accounts Clerks Do?

This is what the job actually looks like on a Tuesday: 5 core activities and 5 skills the work depends on. Read it before the salary, because pay matters less than whether you would want to spend your days doing this. Source: O*NET.

What You'll Do

  • Perform teller duties as required.
  • Compile information about new accounts, enter account information into computers, and file related forms or other documents.
  • Collect and record customer deposits and fees and issue receipts, using computers.
  • Inform customers of procedures for applying for services, such as ATM cards, direct deposit of checks, and certificates of deposit.
  • Answer customers' questions and explain available services, such as deposit accounts, bonds, and securities.

Core Skills Employers Look For

Active Listening Speaking Reading Comprehension Service Orientation Social Perceptiveness

Who Thrives Here

C
Conventional

Success depends on precision and structured processes, where detail-oriented people who work consistently within established systems perform best.

E
Enterprising

Leadership, influence, and business acumen are rewarded here, where managing teams, driving decisions, or persuading others shapes career outcomes.

S
Social

Working closely with people, teaching, advising, or helping others navigate challenges is a defining feature of this career's daily work.

Where Do New Accounts Clerks Work?

What the physical and mental conditions of this job actually look like day to day, based on O*NET Work Context data collected from people working in this occupation.

Work Setting
Mixed

Split between indoor and outdoor or field settings.

Physical Demands
Light

Mix of sitting and movement throughout the day.

Stress Level
Moderate

Moderate pressure. Regular deadlines exist but are generally manageable with experience.

What Is the Job Outlook for New Accounts Clerks?

Through 2035 the BLS expects this field to change by -6.5%, meaning it is shrinking, so expect more competition for fewer roles. Around 2,300 roles open up each year, which is the number that matters most if you are starting out. Source: BLS.

Growth rates are only meaningful next to other occupations, and the full list of careers with their projected growth puts this one in context.

↘ -6.5%
10-Year Growth (2025–2035)

Declining employment projected.

2,300
Annual Openings

New positions plus replacements for retirees and career-changers.

37K
Currently Employed

Total US employment as of BLS May 2025.

Source: BLS Employment Projections 2025–2035 and Occupational Employment and Wage Statistics May 2025.

Where the Jobs Are

The five states below employ the most New Accounts Clerks professionals nationwide. State-level wages can differ significantly from the $47,670 national median. Research your specific market before committing to a program.

# State Jobs Median Wage vs. National
1 New York 4,800 $57,950 +21.6%
2 Texas 2,360 $44,040 -7.6%
3 Wisconsin 2,100 $48,050 +0.8%
4 Illinois 2,020 $49,040 +2.9%
5 North Carolina 1,910 $49,480 +3.8%

Source: BLS Occupational Employment and Wage Statistics, May 2025. Employment figures rounded. Read our methodology →

How to Get Here

To get hired here you will usually need a high school diploma or equivalent. The program below is the most common route in, ordered by how many people actually graduate from each one.

High school diploma or equivalent
Zone 3: Medium Preparation

A medium amount of preparation is required, often an associate degree, certificate program, or apprenticeship, plus some related experience.


Degree Programs That Lead Here

# Program Graduates/yr 4yr Median Colleges
1 Finance 58,013 $83,343 949

Top Colleges for Aspiring New Accounts Clerks

Colleges offering the degree programs that lead to this career, ranked by UCD Score. A strong program plus solid outcomes is a good place to begin your search.

# College UCD Score Net Price Salary 10yr
1 CUNY Bernard M Baruch College New York, NY 93 $3,033 $75,971
2 University of Florida Gainesville, FL 93 $6,541 $71,588
3 University of Chicago Chicago, IL 91 $14,860 $91,885
4 Vanderbilt University Nashville, TN 90 $15,846 $91,565
5 University of Central Florida Orlando, FL 90 $10,411 $58,308
6 Florida State University Tallahassee, FL 90 $11,297 $61,675

Plan Your Path

Once you've sized up New Accounts Clerks, these tools turn the numbers into a plan. Estimate the real cost of a degree that leads here, weigh the long-term payoff, compare specific colleges side-by-side, and find programs that match your profile.

New Accounts Clerks Pros & Cons

New Accounts Clerks has real financial strengths, but declining employment projections deserve careful consideration. The 1 upsides and 2 concerns below are all data-sourced.

PROS
  • Accessible entry path The typical entry requirement is a high school diploma or equivalent, lower than many comparable-paying careers. This creates a shorter path from training to first paycheck.
CONS
  • Modest median salary At $47,670 median, this career lags STEM and business fields. High-cost degree programs may be difficult to justify on salary alone.
  • Declining employment The BLS projects -6.5% employment change through 2035. This field is expected to shrink. Automation, offshoring, or structural industry change are likely factors.

New Accounts Clerks Frequently Asked Questions

How much do New Accounts Clerks professionals earn?
Around $47,670 a year for the typical worker, below the national median, program ROI depends heavily on keeping tuition costs low. The middle 50% of earners fall between $43,920 and $55,100. Treat the national figure as a starting point rather than a promise: employer size, industry and city all move it.
Is New Accounts Clerks a good career?
With realistic expectations. The BLS projects -6.5% employment change through 2035. This field is shrinking, not expanding. The $47,670 median wage is competitive, but most openings come from retirements and exits rather than new positions. If you're drawn to this work, differentiate through a specialized niche or adjacent certification that keeps you relevant as the broader field contracts.
How do I become a New Accounts Clerks?
Most New Accounts Clerks positions require a high school diploma or equivalent as the minimum credential. a medium amount of preparation is required, often an associate degree, certificate program, or apprenticeship, plus some related experience. Programs like Finance are common starting points.
Why are New Accounts Clerks jobs declining?
The BLS projects -6.5% employment change for New Accounts Clerks through 2035. Declining occupations typically face some combination of automation, industry consolidation, offshoring, or reduced consumer demand, rarely a single cause. Despite the overall decline, about 2,300 openings per year are still projected, mostly replacements for workers who retire or leave, not new positions. 37K people currently work in this field, so while it's contracting, active hiring still occurs. Specialization in high-value segments of the role gives the strongest protection.
What skills do New Accounts Clerks professionals need?
Mainly Active Listening, Speaking, Reading Comprehension, Service Orientation, and Social Perceptiveness. Notice how many of those are habits rather than facts: they come from doing the work, not from a lecture. That is why programs with an internship or co-op requirement put you ahead of people who only studied the theory. Source: O*NET.

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