Business Banker Salary (United States)

The average pay for a Business Banker is $57,122 per year. The highest paying skills associated with this job are Financial Analysis and Business Development. People in this job generally don't have more than 20 years' experience.
Business Banker Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$39,181 - $86,491
(Median)
39K
57K
71K
86K
MEDIAN: $57,121
10%
50%
75%
90%
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Business Banker Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$13.01 - $25.95
(Median)
13
15
19
24
MEDIAN: $18.00
10%
25%
50%
75%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$39,181 - $86,491  
   
Bonus
$0.86 - $23,553  
Profit Sharing
$116.35 - $8,940  
Commission
$400.00 - $34,919  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,135 - $100,114  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 429
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$13.01 - $25.95  
   
Overtime
$17.75 - $51.16  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.86 - $23,553  
   
Commission
$400.00 - $34,919  
Profit Sharing
$116.35 - $8,940  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,135 - $100,114  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 56
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Job Description for Business Banker

Business bankers work in a financial institution and manage a business loan portfolio that may include small and/or large organizations. They perform careful analysis of prospective clients' needs and best options, working with the client to determine optimal banking solutions. In addition, business bankers are in charge of communicating with current clients to ensure all needs are being met and questions are answered. Individuals in this position may also need to negotiate and set terms for loans. All of these duties must be outlined in regular reports to managers and executives.
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Business Banker Tasks
  • Assess client needs and propose useful solutions that will deliver positive financial results.
  • Identify, engage, and welcome new clients/members into the bank family and ensure they understand all that the bank has to offer.
  • Analyze banking and loan transactions for new and existing clients with the aim of developing and delivering the best service and largest financial return on investments.
  • Actively monitor and manage banking relationships to ensure that client goals and objectives are being met.

Business Banker Job Listings

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Popular Employer Salaries for Business Banker

Popular Skills for Business Banker

Pay by Experience Level for Business Banker

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference By Location

New York
up arrow 22%
Sioux Falls
up arrow 18%
National Average
$63,000
Larger circles over a city indicate a job is popular in that location.

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Experience Affects Business Banker Salaries

National Average
$63,000

Skills That Affect Business Banker Salaries

Job Satisfaction

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Highly satisfied
Rated 4 out of 5 based on 122 votes.

Gender

Female
33%
female alumni
 
Male
67%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
32%
5-9 years
36%
10-19 years
21%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 89%
vision benefits Vision: 76% employee benefits None: 7%