Career and Education Opportunities for Bank Tellers in Columbia, Missouri
If you want to be a bank teller, the Columbia, Missouri area offers many opportunities both for education and employment. Currently, 14,360 people work as bank tellers in Missouri. This is expected to grow by 12% to 16,060 people by 2016. This is better than the national trend for bank tellers, which sees this job pool growing by about 6.2% over the next eight years. Bank tellers generally receive and pay out money.
A person working as a bank teller can expect to earn about $10 per hour or $21,470 per year on average in Missouri and about $11 per hour or $23,610 annually on average in the U.S. as a whole. Compared with people working in the overall category of Billing and Bookkeeping, people working as bank tellers in Missouri earn less. They earn less than people working in the overall category of Billing and Bookkeeping nationally.
There are thirteen schools of higher education in the Columbia area, including two within twenty-five miles of Columbia where you can get a degree to start your career as a bank teller. Bank tellers usually hold a high school diploma or GED, so you can expect to spend only a short time training to become a bank teller if you already have a high school diploma.
CAREER DESCRIPTION: Bank Teller
In general, bank tellers receive and pay out money. They also keep records of money and negotiable instruments involved in a financial institution's various transactions.
Bank tellers cash checks and pay out money after verifying that signatures are correct, that written and numerical amounts agree, and that accounts have sufficient funds. They also receive checks and cash for deposit and check precision of deposit slips. Equally important, bank tellers have to count currency and checks received, by hand or using currency-counting machines, to ready them for deposit or shipment to branch banks or the Federal Reserve Bank. They are often called upon to balance currency and checks in cash drawers at ends of shifts, and calculate daily transactions using computers or adding machines. They are expected to examine checks for endorsements and to confirm other data such as dates, bank names, identification of the persons receiving payments and the legality of the documents. Finally, bank tellers identify transaction mistakes when debits and credits do not balance.
Every day, bank tellers are expected to be able to listen to and understand others in meetings. They need to understand what others are saying to them even in a noisy environment.
It is important for bank tellers to enter customers' transactions into computers to record transactions and issue computer-generated receipts. They are often called upon to arrange monies received in cash boxes and coin dispensers in line with denomination. They also carry out special services for customers. They are sometimes expected to sort and file deposit slips and checks. Somewhat less frequently, bank tellers are also expected to perform clerical tasks such as typing and microfilm photography.
They also have to be able to issue checks to bond owners in settlement of transactions and receive and count daily inventories of cash and travelers' checks. And finally, they sometimes have to arrange monies received in cash boxes and coin dispensers in line with denomination.
Like many other jobs, bank tellers must be thorough and dependable and have exceptional integrity.
Similar jobs with educational opportunities in Columbia include:
- Accounts Receivable Specialist. Locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer's account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; keeping records of collection and status of accounts.
- Loan Inspector. Interview loan applicants to elicit information; investigate applicants' backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
- Secretary. Perform routine clerical and administrative functions such as drafting correspondence, scheduling appointments, organizing and maintaining paper and electronic files, or providing information to callers.
EDUCATIONAL OPPORTUNITIES: Bank Teller Training
Central Methodist University-College of Graduate & Extended Studies - Fayette, MO
Central Methodist University-College of Graduate & Extended Studies, 411 Central Methodist Square, Fayette, MO 65248-1198. Central Methodist University-College of Graduate & Extended Studies is a small university located in Fayette, Missouri. It is a private not-for-profit school with primarily 4-year or above programs and has 2,373 students. Central Methodist University-College of Graduate & Extended Studies has a bachelor's degree program in Banking and Financial Support Services.
Central Methodist University-College of Liberal Arts & Sciences - Fayette, MO
Central Methodist University-College of Liberal Arts & Sciences, 411 Central Methodist Square, Fayette, MO 65248-1198. Central Methodist University-College of Liberal Arts & Sciences is a small university located in Fayette, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,031 students and an admission rate of 66%. Central Methodist University-College of Liberal Arts & Sciences has a bachelor's degree program in Banking and Financial Support Services which graduated two students in 2008.
Certified Bank Teller: Applicable to financial services professionals who have completed the AIB Bank Teller Certificate and who function as bank tellers.
For more information, see the Institute of Certified Bankers website.
National Professional Certification in Sales: The Certification was designed to capture the core Sales duties for a broad range of entry-level through first-line supervisory positions across the sales and service industries.
For more information, see the National Retail Federation Foundation website.
LOCATION INFORMATION: Columbia, Missouri
Columbia is situated in Boone County, Missouri. It has a population of over 100,733, which has grown by 19.2% over the last ten years. The cost of living index in Columbia, 85, is well below the national average. New single-family homes in Columbia are valued at $171,800 on average, which is below the state average. In 2008, three hundred thirty-five new homes were constructed in Columbia, down from six hundred fifty-three the previous year.
The top three industries for women in Columbia are educational services, health care, and accommodation and food services. For men, it is educational services, accommodation and food services, and health care. The average travel time to work is about 15 minutes. More than 50.5% of Columbia residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 24.0%, is higher than the state average.
The unemployment rate in Columbia is 6.8%, which is less than Missouri's average of 8.9%.
The percentage of Columbia residents that are affiliated with a religious congregation, 40.9%, is less than both the national and state average. Sugar Grove Church, Fairview Church and Emmanuel Church are among the churches located in Columbia. The most common religious groups are the Southern Baptist Convention, the Catholic Church and the Christian Church (Disciples of Christ).
Columbia is home to the Columbia Country Club and the Columbia Plaza as well as Nickell Park and Stephens Park. Shopping centers in the area include Whitegate Shopping Center, North County Shopping Center and Biscayne Mall. Visitors to Columbia can choose from Churchill's, Columbia Super 8 Motel and Arrow Head Motel LLC for temporary stays in the area.