Commercial Banker Salary

Average pay for a Commercial Banker in the United States is considerable, rounding six figures at $89K per year. Final cash compensation to Commercial Bankers varies from around $49K to approximately $174K; choice pay grades include potential for bonuses and profit sharing as high as $49K and $10K, respectively. Geographic location and experience level each impact pay for this group, with the former having the largest influence. The vast majority (82 percent) of Commercial Bankers who answered the questionnaire are male. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Most Commercial Bankers like their work and job satisfaction is high. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$49,295 - $140,398
$49K
$89K
$140K
MEDIAN: $88,973
10%
50%
90%

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$14.74 - $27.89
$22
MEDIAN: $22.31
50%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$49,295 - $140,398  
   
Bonus
$2,875 - $49,016  
Profit Sharing
$0.00 - $10,151  
Commission
$15,000  
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).
)
$49,180 - $174,415  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 205
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30$60$90
Hourly Rate
$22.31  
   
Overtime
$39.66  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Bonus
$2,875 - $49,016  
   
Commission
$15,000  
Profit Sharing
$0.00 - $10,151  
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).
)
$49,180 - $174,415  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 6

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Commercial Banker

Many financial institutions work with businesses and corporate clients in addition to individuals, and the person responsible for handling corporate clients is a commercial banker. These specialized bankers maintain and build existing relationships with business clients, while also actively marketing the institution’s services to attract new commercial clients.

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Commercial Banker Tasks

  • Develop and expand commercial client relationships, as well as cross sell existing clients.
  • Participate in the business development activities of the bank.
  • Grow deposits, loans, and fee income in a profitable manner.
  • Sell full range of commercial banking services to client base.
  • Originate, negotiate, and close commercial loans.

Commercial Banker Job Listings

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Pay by Experience Level for Commercial Banker

Pay by Experience for a Commercial Banker has a positive trend. An entry-level Commercial Banker with less than 5 years of experience can expect to earn an average total compensation of $70,000 based on 62 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Commercial Banker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $94,000 based on 72 salaries. An experienced Commercial Banker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $121,000 based on 89 salaries. A Commercial Banker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $127,000 based on 39 salaries.

Pay Difference by Location

National Average: $103,027

Larger city markers indicate a job is popular in that location.

For Commercial Bankers, Boston provides a pay rate that is 84 percent greater than the national average. Commercial Bankers will also find cushy salaries in New York (+55 percent), Jacksonville (+50 percent), Seattle (+49 percent), and Louisville (+32 percent). Commercial Bankers' salaries are heavily influenced by location — Commercial Bankers in Honolulu bring in salaries that are 35 percent lower than the national average. Chicago and Kansas City are a couple other places where companies are known to pay below the median — salaries are 35 percent lower and 34 percent lower, respectively.

Related Job Salaries

Key Stats for Commercial Banker

Gender

Female
18 %
Male
82 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.
Less than 1 year
3%
1-4 years
18%
5-9 years
24%
10-19 years
36%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Commercial Banker Salaries

▲23%

▲17%

National Average
$103,000

▼8%

▼32%

Skills That Affect Commercial Banker Salaries

Customer Relationship Management (CRM)
▲39%

Business Development
▲16%

National Average
$103,000



▼2%

Commercial Loans
▼27%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

Less than 1 year
3%
1-4 years
18%
5-9 years
24%
10-19 years
36%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 89%
vision benefits
Vision: 73%
no benefits
None: 3%
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