Occupational Employment Statistics

DETAILED OCCUPATION DATA

43-4141 New Accounts Clerks

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

Occupational Employment Statistics(OES) Wage Data
First Quarter 2023

Geography	Employment	Emp SE*	Percentiles
Geography	Employment	Emp SE*	Mean	10th	25th	Median	75th	90th
Northwest Minnesota	180	17	$21.27/hr	$17.99/hr	$18.70/hr	$20.76/hr	$23.24/hr	$24.77/hr

Leading Industries for New Accounts Clerks

Industry	OES Employment (Statewide)	OES Median Wage (Statewide)
Financial Activities	1,360	$21.75/hr
Professional and Business Services	N/A	N/A
Education and Health Services	N/A	N/A

Other Regional Data for New Accounts Clerks

Geography	Employment	Median Wage	Projections % Change 2020-2030
Grand Forks ND-MN MSA	10	$23.75/hr	N/A
La Crosse WI-MN MSA	30	$19.07/hr	N/A
Mankato-North Mankato MN MSA	30	$21.25/hr	N/A
Rochester MN MSA	30	$23.08/hr	N/A
Northeast Balance of State	50	$20.97/hr	N/A
Duluth MN-WI MSA	60	$19.58/hr	N/A
St Cloud MN MSA	60	$22.81/hr	N/A
Fargo ND-MN MSA	70	$21.24/hr	N/A
Northeast Minnesota	70	$22.07/hr	-7.9%
Southeast Balance of State	80	$22.18/hr	N/A
Southeast Minnesota	90	$22.37/hr	-9.3%
Northwest Balance of State	160	$20.77/hr	N/A
Southwest Balance of State	160	$20.76/hr	N/A
Southwest Minnesota	180	$20.77/hr	-9.6%
Northwest Minnesota	180	$20.76/hr	-8.5%
Central Minnesota	190	$21.75/hr	-10.4%
Seven County Mpls-St Paul, MN	630	$22.54/hr	-13.1%
Minneapolis-St Paul-Bloomington MN-WI MSA	720	$22.36/hr	N/A
Minnesota	1,380	$21.75/hr	-12.4%

Related Occupations

Occupations	Employment	Median Wage	Projections % Change 2020-2030
Insurance Claims and Policy Processing Clerks	4,850	$23.90/hr	-1.3%
Tax Preparers	1,430	$30.00/hr	1.7%
Loan Officers	8,020	$38.66/hr	2.3%
Brokerage Clerks	1,570	$25.31/hr	-8.3%
Bookkeeping, Accounting, and Auditing Clerks	26,540	$23.64/hr	-4.4%
Bill and Account Collectors	3,970	$21.82/hr	-14.4%
Billing and Posting Clerks	6,170	$23.88/hr	-0.3%
Payroll and Timekeeping Clerks	2,760	$26.76/hr	-14.4%
Tax Examiners and Collectors, and Revenue Agents	1,090	$33.14/hr	-2.5%
Loan Interviewers and Clerks	5,160	$23.77/hr	-2.0%

Task for New Accounts Clerks

Process loan applications.
Collect and record customer deposits and fees and issue receipts, using computers.
Obtain credit records from reporting agencies.
Perform teller duties as required.
Answer customers' questions and explain available services, such as deposit accounts, bonds, and securities.
Execute wire transfers of funds.
Refer customers to appropriate bank personnel to meet their financial needs.
Issue initial and replacement safe-deposit keys to customers, and admit customers to vaults.
Compile information about new accounts, enter account information into computers, and file related forms or other documents.
Inform customers of procedures for applying for services, such as ATM cards, direct deposit of checks, and certificates of deposit.