Insurance Underwriters
Median wage · national
$81,370
Range: $65K – $110K
Employed
105K
Openings/yr
8K
Typically: bachelor's degree
BUSINESS
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
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?
New Accounts Clerks earn $47,670 nationally, below average for bachelor's degree holders. The middle 50% of earners fall between $43,920 and $55,100. Actual pay varies by employer, specialization, and location.
$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
$43,920
Entry-level
$47,670
Median
$55,100
Experienced
What Do New Accounts Clerks Do?
O*NET data identifies 5 core activities and 5 measurable skills for New Accounts Clerks roles. Use this section to judge whether the day-to-day reality aligns with what you actually want to spend time doing.
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?
The BLS projects -13.2% employment change for New Accounts Clerks through 2034, a declining trend, below the national average of +5%. About 2,300 openings per year keep the field accessible to new entrants.
↘ -13.2%
10-Year Growth (2024–2034)
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 2024.
Source: BLS Employment Projections 2024–2034 and Occupational Employment and Wage Statistics May 2024.
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 | 4,480 | $49,260 | +3.3% |
| 2 | Texas | 4,180 | $38,970 | -18.3% |
| 3 | Michigan | 3,090 | $47,830 | +0.3% |
| 4 | Illinois | 2,270 | $46,080 | -3.3% |
| 5 | Wisconsin | 1,970 | $47,150 | -1.1% |
Source: BLS Occupational Employment and Wage Statistics, May 2024. Employment figures rounded. Read our methodology →
How to Get Here
Most New Accounts Clerks positions require a high school diploma or equivalent to qualify. The program below is the most common academic pathways into this field, ranked by how many graduates they produce each year.
Typical Entry Education
High school diploma or equivalent
Job Zone
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.
College ROI Calculator
See if the degree that leads to New Accounts Clerks pays off. Weighs each college's cost against the earnings graduates see.
College Cost Calculator
Enter a budget and see the colleges whose net price fits, with the out-of-pocket cost and likely loan load for each.
Compare Colleges
Put any 2–4 colleges side-by-side. Admissions, cost, outcomes, and earnings, all on one screen, no tab-hopping.
College Match Quiz
Answer six quick questions and see your best-fit colleges ranked by budget, field of study, and what matters most to you.
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 -13.2% employment change through 2034. 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?
The national median annual wage for New Accounts Clerks is $47,670, 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. Pay varies by employer size, industry sector, specialization, and geography. National figures are a starting point, not a guarantee.
Is New Accounts Clerks a good career?
With realistic expectations. The BLS projects -13.2% employment change through 2034. 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 -13.2% employment change for New Accounts Clerks through 2034. 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?
O*NET data identifies the core skills employers consistently prioritize for New Accounts Clerks roles: Active Listening, Speaking, Reading Comprehension, Service Orientation, and Social Perceptiveness. These develop through formal education and hands-on work. Programs with internship or co-op requirements give you a meaningful head start on the ones that take time to build.
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- Master's degree
- Bachelor's degree
- Median wage
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- Career outcomes
-
Growing and Paying $80K Plus: The Careers That Do Both
Only 95 of 385 federal careers both pay a median above $80,000 and grow faster than the typical job. Here is the rare set that clears both bars.
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- Median wage
- High-paying careers
- Job outlook
- Career change
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