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Business Banker Salary (United States)

The average pay for a Business Banker is $58,274 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.
)
$39,478 - $87,758
(Median)
39K
47K
58K
74K
88K
MEDIAN: $58,274
10%
25%
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.
)
$13.15 - $25.85
(Median)
13
16
19
24
MEDIAN: $19.00
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
$39,478 - $87,758  
   
Bonus
$0.93 - $20,811  
Profit Sharing
$117.92 - $8,844  
Commission
$204.26 - $30,639  
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).
)
$40,099 - $100,586  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 443
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
$13.15 - $25.85  
   
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
$0.93 - $20,811  
   
Commission
$204.26 - $30,639  
Profit Sharing
$117.92 - $8,844  
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).
)
$40,099 - $100,586  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 59
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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 23%
Sioux Falls
up arrow 17%
Washington
up arrow 17%
Pittsburgh
up arrow 14%
Chicago
up arrow 12%
National Average
$64,000
Atlanta
up arrow 3%
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

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Experience Affects Business Banker Salaries

National Average
$64,000

Skills That Affect Business Banker Salaries

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 120 votes.

Gender

Female
31%
female alumni
 
Male
69%
male alumni

Years of Experience

Less than 1 year
3%
1-4 years
30%
5-9 years
35%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 88%
vision benefits Vision: 77% employee benefits None: 7%