Offices of Bank Holding Companies — Average Employee Salary
The average employee in the offices of bank holding companies industry earns $155,126 per year ($74.58/hour), according to Bureau of Labor Statistics QCEW data.
What Do Offices of Bank Holding Companies Workers Earn?
At $155,126/year (equivalent to $74.58/hour for a full-time worker), offices of bank holding companies wages are significantly above the national average of ~$65,000.
Higher wages in this industry typically reflect specialized skills, professional certifications, or technical expertise required for the work. Employers competing for talent in this space face elevated labor costs.
The typical offices of bank holding companies business employs 9 people. These are mid-sized operations where payroll is a significant but manageable expense.
Wages as a Percentage of Revenue
For the average offices of bank holding companies business generating $5.4M/year with 9 employees at $155,126 each, total payroll represents roughly 25.9% of revenue. Labor costs are relatively low compared to revenue — other costs (materials, equipment, overhead) dominate.
What This Means for Business Owners
If you're starting or running a offices of bank holding companiesbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $201,664/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 9 employees = ~$1,396,134/year in base payroll.
- Hourly equivalent: $74.58/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $5.4M/business, you need strong utilization rates to maintain healthy margins after payroll.
See how these wages compare to total revenue and profit margins.
View full Offices of Bank Holding Companies revenue benchmarks →Frequently Asked Questions
- How much do offices of bank holding companies employees make?
- The average offices of bank holding companies employee earns $155,126 per year, which is equivalent to $74.58/hour for a full-time worker (2,080 hours/year). This is above the national average of approximately $65,000.
- How many people work in the offices of bank holding companies industry?
- The offices of bank holding companies industry employs 9,062 workers across 984 establishments in the United States. The average business in this industry has approximately 9 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).