Commercial Banker Salary

On average, Commercial Bankers in the United States earn six-figure salaries ($88K) annually, making for a very well-paid profession. In the world of Commercial Bankers, overall cash allowance can occasionally include more than $49K from bonuses and, in some exceptional cases, $10K from profit sharing, causing incomes to vary widely between $49K and $181K. Geographic location and career duration each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Men make up the vast majority of Commercial Bankers (84 percent) who took the survey. Most workers in this position report high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.

$48,980 - $141,931
$49K
$88K
$140K
MEDIAN: $88,077
10%
50%
90%

Add this chart to your site: 640px    300px

$0$180K
Salary $48,980 - $141,931
Bonus $2,970 - $49,003
Profit Sharing $0.00 - $10,279
Commission $17,500
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).
)
$49,499 - $180,567
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 206

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

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

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: $103,763

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

For Commercial Bankers, working in the bustling city of Boston has its advantages, including an above-average pay rate. Commercial Bankers will also find cushy salaries in New York (+54 percent), Jacksonville (+49 percent), Seattle (+48 percent), and Louisville (+31 percent). The lowest-paying market is Honolulu, which sits 35 percent below the national average, proving that location is a significant contributor to overall pay. 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
16 %
Male
84 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.
Less than 1 year
2%
1-4 years
20%
5-9 years
22%
10-19 years
40%
20 years or more
16%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Commercial Banker Salaries

▲22%

▲16%

National Average
$104,000

▼9%

▼33%

Skills That Affect Commercial Banker Salaries

Customer Relationship Management (CRM)
▲38%

Business Development
▲16%

National Average
$104,000



▼3%

Commercial Loans
▼28%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.

Gender

Female
16 %
Male
84 %

Years of Experience

Less than 1 year
2%
1-4 years
20%
5-9 years
22%
10-19 years
40%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 87%
vision benefits
Vision: 71%
no benefits
None: 3%
ADVERTISEMENT