Career and Education Opportunities for Bank Tellers in St. Louis, Missouri
There is a wide variety of career and education opportunities for bank tellers in the St. Louis, Missouri area. About 14,360 people are currently employed as bank tellers in Missouri. By 2016, this is expected to grow 12% to about 16,060 people employed. This is better than the nation as a whole, where employment opportunities for bank tellers are expected to grow by about 6.2%. In general, bank tellers receive and pay out money.
The income of a bank teller is about $10 per hour or $21,470 yearly on average in Missouri. In the U.S. as a whole, their income is about $11 hourly or $23,610 per year on average. Bank tellers earn less than people working in the category of Billing and Bookkeeping generally in Missouri and less than people in the Billing and Bookkeeping category nationally.
There are four schools within twenty-five miles of St. Louis where you can study to be a bank teller, among seventy-one schools of higher education total in the St. Louis area. Given that the most common education level for bank tellers is a high school diploma or GED, 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 St. Louis 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.
- Bookkeeper. Compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.
- Broker Assistant. Perform clerical duties involving the purchase or sale of securities. Duties include writing orders for stock purchases and sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, and keeping records of daily transactions and holdings.
- Clerk. Compile data, compute fees and charges, and prepare invoices for billing purposes. Duties include computing costs and calculating rates for goods, services, and shipment of goods; posting data; and keeping other relevant records. May involve use of computer or typewriter, calculator, and adding and bookkeeping machines.
- Gaming Cashier. Conduct financial transactions for patrons in gaming establishments. May reconcile daily summaries of transactions to balance books. Accept patron's credit application and verify credit references to provide check-cashing authorization or to establish house credit accounts. May sell gambling chips, tokens, or tickets to patrons, or to other workers for resale to patrons. May convert gaming chips, tokens, or tickets to currency upon patron's request. May use a cash register or computer to record transaction.
- Insurance Claims Processor. Obtain information from insured or designated persons for purpose of settling claim with insurance carrier.
- 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.
- Office Clerk. Perform duties too varied and diverse to be classified in any specific office clerical occupation, requiring limited knowledge of office management systems and procedures. Clerical duties may be assigned in accordance with the office procedures of individual establishments and may include a combination of answering telephones, bookkeeping, typing or word processing, stenography, office machine operation, and filing.
- Payroll Machine Operator. Operate machines that automatically perform mathematical processes, such as addition, subtraction, and division, to calculate and record billing, accounting, and other numerical data. Duties include operating special billing machines to prepare statements, bills, and invoices, and operating bookkeeping machines to copy and post data, make computations, and compile records of transactions.
- 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.
- Statement Clerk. Prepare and distribute bank statements to customers, answer inquiries, and reconcile discrepancies in records and accounts.
EDUCATIONAL OPPORTUNITIES: Bank Teller Training
Saint Louis Community College-Meramec - Kirkwood, MO
Saint Louis Community College-Meramec, 11333 Big Bend Blvd, Kirkwood, MO 63122. Saint Louis Community College-Meramec is a large college located in Kirkwood, Missouri. It is a public school with primarily 2-year programs and has 10,217 students. Saint Louis Community College-Meramec has an associate's degree program in Banking and Financial Support Services.
Lewis and Clark Community College - Godfrey, IL
Lewis and Clark Community College, 5800 Godfrey Rd, Godfrey, IL 62035. Lewis and Clark Community College is a medium sized college located in Godfrey, Illinois. It is a public school with primarily 2-year programs and has 8,016 students. Lewis and Clark Community College has a less than one year program in Banking and Financial Support Services which graduated eleven students in 2008.
Saint Louis Community College-Florissant Valley - Saint Louis, MO
Saint Louis Community College-Florissant Valley, 3400 Pershall Rd, Saint Louis, MO 63135. Saint Louis Community College-Florissant Valley is a medium sized college located in Saint Louis, Missouri. It is a public school with primarily 2-year programs and has 6,515 students. Saint Louis Community College-Florissant Valley has an associate's degree program in Banking and Financial Support Services which graduated one student in 2008.
Saint Louis Community College-Forest Park - Saint Louis, MO
Saint Louis Community College-Forest Park, 5600 Oakland Ave, Saint Louis, MO 63110. Saint Louis Community College-Forest Park is a medium sized college located in Saint Louis, Missouri. It is a public school with primarily 2-year programs and has 7,164 students. Saint Louis Community College-Forest Park has an associate's degree program in Banking and Financial Support Services.
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: St. Louis, Missouri
St. Louis is located in St. Louis City County, Missouri. It has a population of over 354,361, which has grown by 1.8% over the last ten years. The cost of living index in St. Louis, 83, is well below the national average. New single-family homes in St. Louis are priced at $111,600 on average, which is far less than the state average. In 2008, one hundred fifty-seven new homes were built in St. Louis, down from two hundred sixty-one the previous year.
The top three industries for women in St. Louis are health care, educational services, and accommodation and food services. For men, it is accommodation and food services, construction, and educational services. The average travel time to work is about 25 minutes. More than 19.1% of St. Louis residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.6%, is lower than the state average.
The unemployment rate in St. Louis is 10.9%, which is greater than Missouri's average of 8.9%.
Nativity of Our Lord Church, Church of the Good Shepard and Church of the Holy Communion are among the churches located in St. Louis.
St. Louis is home to the Terminal Railroad Association Building and the Memorial Home as well as Washington Park and Willmore Park. Shopping malls in the area include Hampton Village Shopping Center and Loughborough Shopping Center.