Association Update: Your Input Matters — Participate in the 2025 Wisconsin Banking Salary & Benefits Survey

By Daryll Lund

As Wisconsin banks continue to navigate workforce challenges and shifting compensation trends, having access to reliable, industry-specific salary and benefits data is more important than ever. To help our member banks stay competitive and make informed decisions, the 2025 Wisconsin Banking Salary & Benefits Survey is now open for participation. WBA is once again partnering with MRA.

In 2024, 80 banks participated in this survey resulting in comprehensive salary and benefit reporting and salary and wage information being available for 115 different jobs! Questions regarding incentives, general/merit increases, employee benefits, board members, bank turnover, and (new this year) remote work are included.

This survey is a vital benchmarking tool, providing insights into compensation structures across the state’s banking industry. By contributing data, banks help ensure an accurate and comprehensive report that reflects real-world trends in Wisconsin. In return, participating financial institutions gain access to the final report, offering valuable information to guide compensation strategies, attract top talent, and retain employees in a competitive market.

Please note, the survey data will only be available for purchase if you participate in the survey.

Survey Benefits:
• Easy-to-understand, usable and meaningful survey data critical for making compensation decisions.
• Wage and salary information for both exempt and nonexempt employees available in a wide range of bank employee positions.
• Summary data about employee benefits for different groups of employees.
• The MRA Dynamic Online Reporting Tool gives you the exact information you need when you want it

The survey is now open and we strongly encourage your bank to participate. The survey report will be available for purchase upon publication in the summer of 2025. WBA will notify survey participants via email when the survey report becomes available.

Please contact Miranda Gustafson at mgustafson@wisbank.com with questions about the survey.