Salary Guide
BNK Financial Group Salaries in North Dakota: Complete Compensation Analysis
Considering a career at BNK Financial Group in North Dakota? Our comprehensive salary guide provides accurate compensation data across various roles, experience levels, and departments to help you negotiate with confidence and understand your market value. Interview coming up? Check out Job Bridge for real time AI assistance.
Key Salary Insights for BNK Financial Group
Average Base Salary
$65,000
Across all positions in North Dakota
Salary Range
$40,000 - $100,000
From entry-level to executive positions
Industry Comparison
2% Below
Compared to industry average in North Dakota
Total Compensation
+12%
Average bonus, stock options, and benefits
Location Factor: North Dakota
Working at BNK Financial Group in North Dakota comes with specific geographical considerations:
- Cost of living index: 95 (U.S. average = 100)
- Average housing cost: $1,200/month for 1-bedroom apartment
- State income tax rate: 2.9%
- Regional salary adjustment factor: 5% lower than national average
- Remote work opportunities: Limited
Salary Negotiation Tips for BNK Financial Group
Based on our research and feedback from successful candidates, here are effective negotiation strategies specific to BNK Financial Group:
- Highlight strong credit analysis skills that commands premium compensation
- Research indicates BNK Financial Group typically has 5% flexibility on initial offers
- Negotiating for flexible work schedule may be more successful than base salary increases
- Emphasize loan portfolio growth that aligns with company values
- Consider targeting year-end which has proven effective
Recent Compensation Trends at BNK Financial Group
Our analysis shows the following significant trends in BNK Financial Group's compensation strategy over the past year:
- 8% increase in starting salaries for Loan Officer positions
- New emphasis on financial wellness programs as part of compensation packages
- Shift towards performance-based bonuses
- Increased investment in competitive salaries
- Annual compensation reviews to remain competitive in North Dakota
Employee Testimonials
"After 5 years at BNK Financial Group in North Dakota, I've seen my compensation grow by approximately 10% annually. The company values customer service and rewards it consistently through annual performance reviews."
- Anonymous, Customer Service Representative
"The total compensation at BNK Financial Group is competitive, but what really stands out is flexible work schedule. This has added significant value to my overall package, worth approximately $5,000 annually."
- Anonymous, Loan Processor
Salary Comparison with Competitors
| Company | Avg. Base Salary | Bonus | Equity | Total |
|---|---|---|---|---|
| BNK Financial Group | $65,000 | 10% | 2% | $73,150 |
| First International Bank & Trust | $62,000 | 8% | 1% | $68,760 |
| Gateway Bank | $60,000 | 7% | 1% | $66,300 |
| Dakota Community Bank & Trust | $58,000 | 6% | 0% | $63,080 |
Educational Impact on Salary
Your educational background can significantly influence your earning potential at BNK Financial Group. Here's how education typically impacts salaries:
Advanced Degree (Ph.D., MBA)
+10% premium
Most valued in: Management, Accounting
Master's Degree
+5% premium
Most valued in: IT, Loan Processing
Bachelor's Degree
Base level
Standard requirement for most positions
Industry Certifications
+2% per certification
Most valued: CPA, CFP
Promotion and Raise Cycles
Understanding BNK Financial Group's promotion and raise cycles can help you time your career moves strategically:
- Annual performance reviews typically conducted in December
- Average annual salary increase: 4% for meeting expectations, 7% for exceeding
- Promotion eligibility typically requires 3 years in current role
- Average salary bump with promotion: 5-10%
- Bonus determinations made in November, paid in January
- Off-cycle raises most common in exceeding performance goals
Methodology & Data Sources
Our salary data has been meticulously compiled and verified through multiple sources:
- 1,500 verified salary reports from current and former employees (collected January 2023 - December 2024)
- Analysis of 300 job postings from BNK Financial Group in North Dakota (collected January 2023 - December 2024)
- Interviews with 5 recruiters specializing in BNK Financial Group placements
- Data from Bureau of Labor Statistics for North Dakota
- Industry compensation surveys from Glassdoor, Salary.com, and Indeed
- Proprietary JobBridge salary database with 15,000 data points
This data is accurate as of October 2024 and represents a comprehensive view of BNK Financial Group's compensation structure in North Dakota.
Frequently Asked Questions
About This Salary Data
Our BNK Financial Group salary data has been meticulously compiled from multiple reliable sources, including:
- 1,500 verified salary reports from current and former employees
- Data from job postings across major job boards
- Information from professional recruiters specializing in BNK Financial Group placements
- Industry salary surveys and governmental labor statistics
- Anonymous compensation details shared through our proprietary network
This data was last updated on October 25, 2024, making it one of the most current and accurate salary resources available for BNK Financial Group in North Dakota.
Salary by Department
| Department | Entry Level | Mid Level | Senior Level |
|---|---|---|---|
| Banking Operations | $42,000 | $55,000 | $70,000 |
| Loan Processing | $40,000 | $52,000 | $65,000 |
| Customer Service | $38,000 | $48,000 | $60,000 |
| Accounting | $45,000 | $60,000 | $75,000 |
| IT | $50,000 | $65,000 | $80,000 |
| Management | $60,000 | $80,000 | $100,000 |
Top-Paying Roles at BNK Financial Group
Based on our research, these are the highest-paying positions at BNK Financial Group in North Dakota:
1. Branch Manager
$85,000
Typical requirements: 5+ years experience in banking, proven leadership
2. Senior Loan Officer
$75,000
Typical requirements: 8+ years experience in loan origination, strong credit analysis skills
3. IT Manager
$80,000
Typical requirements: 10+ years experience in IT management, strong technical skills
4. Chief Accountant
$78,000
Typical requirements: 10+ years experience in accounting, CPA preferred
5. VP of Operations
$100,000
Typical requirements: 15+ years experience in banking operations, strong leadership and management skills
How BNK Financial Group Salaries Compare to Market
Total Compensation Analysis
At BNK Financial Group, base salary is just one component of the total compensation package. Here's what you can expect in terms of additional benefits and compensation:
Bonuses
5-15%
Annual performance bonus (% of base salary)
Equity
0-5%
Stock options/RSUs (% of annual compensation)
401(k) Match
Up to 4%
Employer match for retirement contributions
Healthcare Value
$8,000/year
Estimated value of medical, dental, vision coverage
Additional benefits at BNK Financial Group include:
Salary by Experience Level
Years of experience significantly impact your earning potential at BNK Financial Group. Here's how salaries typically progress based on experience:
Salary Progression by Years of Experience
Compensation Research Team
JobBridge Salary Experts
Last updated: October 26, 2024 • Data accuracy verified by our research team