A person working as a Teller in Canada typically earns around 46,700 CAD per year. Salaries range from 24,800 CAD (lowest) to 71,000 CAD (highest).
This is the average yearly salary including housing, transport, and other benefits. Teller salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Teller salaries in Canada range from 24,800 CAD per year (minimum salary) to 71,000 CAD per year (maximum salary).
The median salary is 43,900 CAD per year, which means that half (50%) of people working as Teller(s) are earning less than 43,900 CAD while the other half are earning more than 43,900 CAD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Teller(s) are earning less than 30,900 CAD while 75% of them are earning more than 30,900 CAD. Also from the diagram, 75% of Teller(s) are earning less than 54,000 CAD while 25% are earning more than 54,000 CAD.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Teller salaries by experience level and this is what we found.
A Teller with less than two years of experience makes approximately 28,500 CAD per year.
While someone with an experience level between two and five years is expected to earn 34,900 CAD per year, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 49,500 CAD per year, 42% more than someone with two to five years of experience.
Additionally, Teller(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 57,800 CAD per year, 17% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 63,600 CAD per year, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 67,300 CAD per year, 6% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+23%|
|5 - 10 Years||+42%|
|10 - 15 Years||+17%|
|15 - 20 Years||+10%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Teller salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Teller is 34,900 CAD per year.
While someone with a Certificate or Diploma gets a salary of 48,800 CAD per year, 40% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 69,100 CAD per year, 42% more than someone with a Certificate or Diploma.
|Certificate or Diploma||+40%|
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Teller employees in Canada earn 5% more than their female counterparts on average.
Teller(s) in Canada are likely to observe a salary increase of approximately 12% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Canada for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
A Teller is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
72% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 28% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Teller is 64% less than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.
|Job Title||Average Salary|
|AML Analyst||187,000 CAD||+300%|
|Assistant Bank Branch Manager||154,000 CAD||+230%|
|Assistant Bank Manager||218,000 CAD||+370%|
|ATM Manager||174,000 CAD||+270%|
|ATM Service Technician||49,700 CAD||+6%|
|Bank Accounts Analyst||71,200 CAD||+52%|
|Bank Accounts Controller||92,900 CAD||+99%|
|Bank Accounts Executive||130,000 CAD||+180%|
|Bank Accounts Manager||156,000 CAD||+230%|
|Bank Auditing Manager||150,000 CAD||+220%|
|Bank Branch Manager||224,000 CAD||+380%|
|Bank Clerk||41,500 CAD||-11%|
|Bank Compliance Specialist||118,000 CAD||+150%|
|Bank Manager||245,000 CAD||+420%|
|Bank Operational Risk Manager||242,000 CAD||+420%|
|Bank Operations Head||256,000 CAD||+450%|
|Bank Operations Officer||102,000 CAD||+120%|
|Bank Operations Specialist||159,000 CAD||+240%|
|Bank Process Manager||148,000 CAD||+220%|
|Bank Product Manager||169,000 CAD||+260%|
|Bank Programme Manager||168,000 CAD||+260%|
|Bank Project Manager||203,000 CAD||+330%|
|Bank Propositions Manager||181,000 CAD||+290%|
|Bank Quantitative Analyst||121,000 CAD||+160%|
|Bank Regional Manager||253,000 CAD||+440%|
|Bank Regional Risk Officer||130,000 CAD||+180%|
|Bank Relationship Manager||193,000 CAD||+310%|
|Bank Relationship Officer||86,100 CAD||+84%|
|Banking Business Analyst||134,000 CAD||+190%|
|Banking Business Development Officer||81,800 CAD||+75%|
|Banking Business Planning Executive||195,000 CAD||+320%|
|Banking Product Manager||159,000 CAD||+240%|
|Banking Reference Data Manager||142,000 CAD||+200%|
|Banking Risk Analyst||133,000 CAD||+180%|
|Banking Technical Analyst||73,400 CAD||+57%|
|Bankruptcy Coordinator||98,100 CAD||+110%|
|Budget Analyst||132,000 CAD||+180%|
|Cards Marketing Manager||168,000 CAD||+260%|
|Cash Management Manager||237,000 CAD||+410%|
|Check Processing Manager||165,000 CAD||+250%|
|Commercial Vault Associate||135,000 CAD||+190%|
|Corporate Dealer||143,000 CAD||+210%|
|Credit Analyst||100,000 CAD||+110%|
|Credit and Collections Manager||181,000 CAD||+290%|
|Credit Card Fraud Investigator||130,000 CAD||+180%|
|Credit Portfolio Manager||242,000 CAD||+420%|
|Credit Risk Analyst||144,000 CAD||+210%|
|Credit Risk Associate||138,000 CAD||+200%|
|Direct Bank Sales Representative||92,900 CAD||+99%|
|Financial Bank Planning Consultant||165,000 CAD||+250%|
|Financial Banking Analysis Manager||188,000 CAD||+300%|
|Financial Banking Assistant||63,400 CAD||+36%|
|Financial Banking Systems Manager||188,000 CAD||+300%|
|Foreign Exchange Manager||189,000 CAD||+300%|
|Fraud Analyst||143,000 CAD||+210%|
|Fraud Detection Associate||97,300 CAD||+110%|
|Fraud Detection Manager||202,000 CAD||+330%|
|Fraud Detection Supervisor||110,000 CAD||+140%|
|Internal Bank Audit Manager||248,000 CAD||+430%|
|Internal Bank Auditor||124,000 CAD||+170%|
|International Banking Manager||273,000 CAD||+480%|
|Loan Analyst||124,000 CAD||+170%|
|Loan Area Manager||163,000 CAD||+250%|
|Loan Audit Team Leader||152,000 CAD||+230%|
|Loan Branch Manager||142,000 CAD||+200%|
|Loan Business Development Officer||79,500 CAD||+70%|
|Loan Clerk||48,200 CAD||+3%|
|Loan Collection Manager||153,000 CAD||+230%|
|Loan Collector||45,100 CAD||-3%|
|Loan Examiner||56,600 CAD||+21%|
|Loan Processing Manager||145,000 CAD||+210%|
|Loan Processor||56,900 CAD||+22%|
|Loan Quality Assurance Auditor||133,000 CAD||+180%|
|Loan Quality Assurance Manager||154,000 CAD||+230%|
|Loan Quality Assurance Representative||96,200 CAD||+110%|
|Loan Review Manager||151,000 CAD||+220%|
|Loan Team Leader||140,000 CAD||+200%|
|Mortgage Advisor||90,500 CAD||+94%|
|Mortgage Collection Manager||159,000 CAD||+240%|
|Mortgage Collector||41,600 CAD||-11%|
|Mortgage Credit Analyst||70,200 CAD||+50%|
|Mortgage Credit Manager||153,000 CAD||+230%|
|Mortgage Development Manager||165,000 CAD||+250%|
|Mortgage Document Reviewer||58,400 CAD||+25%|
|Mortgage Funding Manager||163,000 CAD||+250%|
|Mortgage Operations Manager||238,000 CAD||+410%|
|Mortgage Payment Processing Clerk||49,400 CAD||+6%|
|Mortgage Processing Manager||150,000 CAD||+220%|
|Mortgage Processor||61,100 CAD||+31%|
|Mortgage Quality Assurance Auditor||133,000 CAD||+180%|
|Mortgage Quality Assurance Manager||143,000 CAD||+210%|
|Mortgage Servicing Clerk||44,300 CAD||-5%|
|Mortgage Servicing Manager||146,000 CAD||+210%|
|Mortgage Underwriter||55,500 CAD||+19%|
|Online Banking Manager||241,000 CAD||+420%|
|Payment Processing Clerk||46,100 CAD||-1%|
|Personal Banker||92,200 CAD||+97%|
|Personal Banking Advisor||96,400 CAD||+110%|
|Phone Banker||65,500 CAD||+40%|
|Private Banker||97,700 CAD||+110%|
|Reconciliation and Investigation Specialist||107,000 CAD||+130%|
|Trade Officer||52,900 CAD||+13%|
|Trade Product Manager||158,000 CAD||+240%|
|Treasury Operations Officer||116,000 CAD||+150%|
|British Columbia||49,900 CAD|
|New Brunswick||43,100 CAD|
|Northwest Territories||44,500 CAD|
|Nova Scotia||43,000 CAD|
|Prince Edward Island||38,600 CAD|
Where can you get paid more, working for a private company or for the government? Public sector employees in Canada earn 4% more than their private sector counterparts on average across all sectors.